HAMBRECHT & QUIST FUND TRUST
N-18F1, 1999-09-30
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                         FORM N-18F-1

              SECURITIES AND EXCHANGE COMMISSION
                    Washington, D.C.  20549

        NOTIFICATION OF ELECTION PURSUANT TO RULE 18F-1
           UNDER THE INVESTMENT COMPANY ACT OF 1940


                 HAMBRECHT & QUIST FUND TRUST
                  (Exact Name of Registrant)


                   NOTIFICATION OF ELECTION

      The undersigned registered open-end investment company
("Registrant") 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 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 this Notification of Election.


                           SIGNATURE

      Pursuant to the requirements of Rule 18f-1 under the
Investment Company Act of 1940, as amended, Registrant has
caused this Notification of Election to be duly executed on its
behalf in the city of San Francisco and the State of California
on the 30th day of September, 1999.

                                HAMBRECHT & QUIST FUND TRUST
                                   (Name of Registrant)


                                By:   /s/ David R. Krimm
                                   --------------------------
                                Name:  David R. Krimm
                                Title: President


Attest:  /s/ Pamela S. Hansen
      --------------------------
      Name:  Pamela S. Hansen
      Title: Assistant Secretary




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