SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-18F-1
NOTIFICATION OF ELECTION PURSUANT TO RULE 18f-1
UNDER THE INVESTMENT COMPANY ACT OF 1940
Investors Capital Funds
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-18F-1
NOTIFICATION OF ELECTION PURSUANT TO RULE 18f-1
UNDER THE INVESTMENT COMPANY ACT OF 1940
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, as amended. 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, the Registrant has caused this notification of
election to be duly executed on its behalf in the city of Lynnfield and
the Commonwealth of Massachusetts on the 23rd day of September, 1999.
Signature: Investors Capital Funds
(Name of Registrant)
By: /s/ Theodore E. Charles
Name: Theodore E. Charles
Title: President
Attest: /s/ Thomas N. Calabria
Name: Thomas N. Calabria
Title: Fund Administrator
