COREFUNDS INC
N-18F1, 1997-12-24
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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

                                 CoreFunds, Inc.

                            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 a withdrawal of this Notification of Election.

                                   SIGNATURES

                  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 Oaks in the State of
Pennsylvania on the 11th day of December, 1997.

                                              Signature:

                                              CoreFunds, Inc.

                                              By: /s/ Marc Cahn
                                                  ----------------
                                                  Vice President
                                                  Marc Cahn

Attest:  /s/ Michael Bellopede
         -----------------------
         Assistant Secretary
         Michael Bellopede


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