OPPENHEIMER SELECT MANAGERS SERIES
N-18F1, 2000-12-22
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                                                          Reg. No. 333-49774
                                                          File No.  811-10153



                                  FORM N-18F-1


                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549





                 Notification of Election pursuant to Rule 18f-1
                    Under the Investment Company Act of 1940






                           OPPENHEIMER SELECT MANAGERS
                              6803 South Tucson Way
                            Englewood, Colorado 80122
                     -------------------------------------
                         Name and Address of Registrant



<PAGE>



                            NOTIFICATION OF ELECTION
                          ----------------------------

The undersigned registered 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 Denver and the State of  Colorado  on the
22nd day of December, 2000.


                                        OPPENHEIMER SELECT MANAGERS
                               -------------------------------------------------
                                    Name of Registrant


                               /s/ Andrew J. Donohue
                               Andrew J. Donohue, Vice President and Secretary


ATTEST:



_/s/Robert G. Zack_
Robert G. Zack, Assistant Secretary




SelectManagers. N-18F-1




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