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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form N-18F-1
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NOTIFICATION OF ELECTION PURSUANT TO RULE 18f-1
under the Investment Company Act of 1940
PAPP SMALL & MID-CAP GROWTH FUND, INC.
(Registrant)
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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 the withdrawal of the
Notification of Election.
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 Phoenix, Arizona on October 1, 1998.
Papp Small & Mid-Cap Growth Fund, Inc. Papp Small & Mid-Cap Growth Fund, Inc.
Corporate Seal
Maryland
By: /s/ L. Roy Papp
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L. Roy Papp, Chairman
Attest: /s/ Robert L. Mueller
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Robert L. Mueller
Secretary
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