RAVEN FUNDS
N-8A, 2000-09-01
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                       SECURITIES AND EXCHANGE COMMISSION

                              Washington, DC 20549

                                    FORM N-8A

                          NOTIFICATION OF REGISTRATION

                      FILED PURSUANT TO SECTION 8(a) OF THE

                            INVESTMENT COMPANY ACT OF 1940




    The undersigned investment company hereby notifies the Securities and
Exchange Commission that it registers under and pursuant to the provisions of
Section 8(a) of the Investment Company Act of 1940 and in connection with such
notification of registration submits the following information:

                                   RAVEN FUNDS

                        ADDRESS AND PRINCIPAL BUSINESS OFFICE:

                              5800 Corporate Drive

                       Pittsburgh, Pennsylvania 15237-7010

                       (Address of Principal Executive Offices)

                                 (412) 288-1900

                         (Registrant's Telephone Number)

                   NAME AND ADDRESS OF AGENT FOR SERVICE OF PROCESS:

                           C. Grant Anderson, Esquire

                            Federated Investors Tower

                               1001 Liberty Avenue

                       Pittsburgh, Pennsylvania 15222-3779

                        (Name and Address of Agent for Service)
                   (Notices should be sent to the Agent for Service)


    Registrant is filing a Registration Statement pursuant to Section 8(b) of
the Investment Company Act of 1940 concurrently with the filing of Form N-8A.

              Yes  XX                                       No
                  ----                                         ----

    Pursuant to the requirements of the Investment Company Act of 1940, the
Trustee of the Registrant has caused this notification of registration to be
duly signed on behalf of the Registrant in the City of Pittsburgh and the State
of Pennsylvania on the 1st day of September 2000.

By:  /S/ C. GRANT ANDERSON

     C. Grant Anderson
     President and Trustee

    Attorney In Fact
    for the Trustees



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