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FORM N-18F-1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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NOTIFICATION OF ELECTION PURSUANT TO
Rule 18f-1
UNDER THE INVESTMENT COMPANY ACT OF 1940
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PPM AMERICA FUNDS
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The undersigned registered open-end investment company hereby notifies the
Securities and Exchange Commission that it elects to commit itself to pay in
cash all redemptions by a shareholder of record as provided, and to the extent
required, by Rule 18f-1 under the Investment Company Act of 1940. It is
understood that this election is irrevocable while such Rule is in effect unless
the Commission by order upon application permits withdrawal of this Notification
of Election.
SIGNATURE
Pursuant to the requirements of Rule 18f-1 under the Investment Company Act
of 1940, the registrant has caused this notification of election to be duly
executed on its behalf in the city of Chicago and the state of Illinois on
September 11, 1998.
PPM AMERICA FUNDS
By: /s/ Mark D. Nerud
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Mark D. Nerud
Sole Trustee
Attest: /s/ Mark B. Mandich
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Mark B. Mandich
Executive Vice President, PPM
America, Inc.
