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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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Calamos(R) Advisors Trust
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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 Naperville and the State of Illinois on May 28, 1999.
Calamos(R) Advisors Trust
By:
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John P. Calamos
President
Attest:
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James S. Hamman Jr.
Secretary
