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.














                             NVEST COMPANIES TRUST I
                            Exact Name of Registrant


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                            Notification of Election

     Nvest Companies  Trust I (the "Trust"),  a registered  open-end  investment
company,   hereby   notifies  the  Securities  and  Exchange   Commission   (the
"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 (the "1940 Act"). 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 1940 Act,  the Trust
has caused this  Notification  of Election to be duly  executed on its behalf in
the city of Boston and the state of  Massachusetts on the 14th day of September,
2000.

                                                  NVEST COMPANIES TRUST I


                                                  By:  /s/  JOHN T. HAILER
                                                            John T. Hailer
                                                            President

Attest:  /s/   JAMES M. WALL
Name:          James M. Wall
Title:         Assistant Secretary



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