BRAZOS INSURANCE FUNDS
N-18F1, 2000-02-09
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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
- --------------------------------------------------------------------------------


                             Brazos Insurance Funds
                         -------------------------------
                            Exact Name of Registrant

         The undersigned registered open-end investment company hereby notifies
the Securities and Exchange Commission that it elects to commit itself to paying
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.

         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 Dallas and the State of Texas on the 9th
day of February, 2000.




                                           BRAZOS INSURANCE FUNDS


                                           Signature: /s/ DANIEL L. HOCKENBROUGH
                                                      --------------------------
                                                  By: Daniel L. Hockenbrough
                                                      President


Attest: /s/ TRICIA A. HUNDLEY
       -----------------------------
       Tricia A. Hundley
       Secretary



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