SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-18f-1
File No. 2-84920
ICA No. 811-3792
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NOTIFICATION OF ELECTION PURSUANT TO RULE 18f-1
UNDER THE INVESTMENT COMPANY ACT OF 1940.
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SBSF FUNDS, INC.
(d/b/a Key Mutual Funds)
(Exact name of Registrant)
3435 Stelzer Road
Columbus, Ohio 43219
(Address of Principal Executive Office)
(800) 539-3863
(Area Code and Telephone Number)
NOTIFICATION OF ELECTION
The undersigned registered open-end investment company hereby notifies
the Securities and Exchange Commission (the "Commission") that it elects to
commit itself to pay in cash all redemptions by a shareholder of record of the
funds listed on the attached Schedule A as provided by Rule 18f-1 under the
Investment Company Act of 1940, as amended. 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 Columbus and the state of Ohio on the 25th
day of November, 1996.
Signature: SBSF Funds, Inc.
d/b/a Key Mutual Funds
By: /s/Scott A. Englehart
Scott A. Englehart
Vice President
Attest: /s/Kevin L. Martin
Kevin L. Martin
Treasurer
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SCHEDULE A
TO THE FORM N-18f-1
OF
SBSF FUNDS, INC. d/b/a KEY MUTUAL FUNDS
Name of Fund
1. SBSF Convertible Securities Fund
2. SBSF Capital Growth Fund
3. SBSF Fund
4. Key Money Market Mutual Fund
5. Key Stock Index Fund
6. Key International Index Fund
7. KeyChoice Growth Fund
8. KeyChoice Moderate Growth Fund
9. KeyChoice Income and Growth Fund
