USALLIANZ FUNDS, N-18F1, 1999-10-28

USALLIANZ FUNDS
N-18F1, 1999-10-28

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                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549



                                  FORM N-18F-1



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


                                 USALLIANZ FUNDS
                           (Exact Name of Registrant)


NOTIFICATION OF ELECTION

              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 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, the Registrant has caused this  Notification of Election to
be duly  executed on its behalf in the City of Columbus and the State of Ohio on
the 27th day of October, 1999.

                                    USALLIANZ FUNDS



                                    By:/s/ Charles Booth
                                       Charles Booth
                                       Attorney-in-Fact for
                                       David P. Marks, President and Trustee
ATTEST:



By:/s/ Paige C. Hodgin
   Paige C. Hodgin
   Assistant Secretary