CALVERT IMPACT FUND INC
N-18F1, 2000-09-25
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                 NOTIFICATION OF ELECTION PURSUANT TO RULE 18F-1
                    UNDER THE INVESTMENT COMPANY ACT OF 1940


                               Calvert Impact Fund
                            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 Bethesda, and the state of Maryland on the
18th  day  of  September  2000.


                              Signature     Calvert  Impact  Fund
                                         Name  of  Registrant

                                                      By /s/ Jennifer P. Streaks
                                             Jennifer  P.  Streaks
                                            Assistant  Secretary


Attest  /s/  Edith  Lillie







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