SIFE TRUST FUND
N-18F1, 1999-08-04
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                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549


                 NOTIFICATION OF ELECTION PURSUANT TO RULE 18F-1
                    UNDER THE INVESTMENT COMPANY ACT OF 1940



                                 SIFE TRUST FUND
                        ---------------------------------
                           (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 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.


         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 Walnut  Creek and the State of  California
on the 3rd day of August, 1999.

         SIFE TRUST FUND



         By:     /s/Bruce W. Woods
                 -----------------
                 Bruce W. Woods
                 President & CEO

         Attest: /s/ Cary D. McReynolds, Esq.
                 ----------------------------
                 Cary D. McReynolds, Esq.
                 Assistant to the Compliance Officer





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