NOTIFICATION OF ELECTION PURSUANT TO RULE 18f-1
UNDER THE INVESTMENT COMPANY ACT OF 1940
PAINEWEBBER FINANCIAL SERVICES GROWTH FUND INC.
(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.
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 New York and the State of New York on the
13th day of January, 1997.
PAINEWEBBER FINANCIAL SERVICES
GROWTH FUND INC.
By: /s/ Dianne E. O'Donnell
-----------------------------------
Dianne E. O'Donnell
Vice President and Secretary
ATTEST: /s/ Keith A. Weller
--------------------------
Keith A. Weller
Vice President and
Assistant Secretary
