WHATIFI FUNDS
N-18F1, 1999-12-22
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                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549




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




                                  whatifi Funds
                            Exact Name of Registrant










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                              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  Washington,  the District of Columbia on the 22nd day
of December 1999.


                                      Signature         whatifI Funds
                                                        (Name of Registrant)


                                                         By /s/David M. Leahy
                                                            David M. Leahy
                                                            Trustee
Attest: /s/Lisa J. Bond
         Lisa J. Bond
         Secretary


         The name "whatifi  Funds" is the  designation of the Trustees under the
Declaration  of Trust,  dated December 15, 1999, as amended from time to time. A
Certificate  of Trust has been filed with the Secretary of State of the State of
Delaware.  The  obligations  of the Trust are not  personally  binding upon, nor
shall  resort  be  had  to,  the  private  property  of  any  of  the  Trustees,
shareholders,  officers,  employees or agents of the Trust, but only the Trust's
property shall be bound.





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