SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-18F-1
NOTIFICATION OF ELECTION PURSUANT TO RULE 18f-1
UNDER THE INVESTMENT COMPANY ACT OF 1940
PILGRIM GLOBAL CORPORATE LEADERS FUND, INC.
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Exact Name of Registrant
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NOTIFICATION OF ELECTION
The undersigned registered open-end investment company, Pilgrim Global
Corporate Leaders Fund, Inc. (the "Fund"), hereby notifies the Securities and
Exchange Commission that the Fund 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 Phoenix and the state of Arizona on the
21st day of August, 2000.
Signature: Pilgrim Global Corporate Leaders Fund, Inc.
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(Exact Name of Registrant)
By: /s/ James M. Hennessy
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James M. Hennessy
Executive Vice President and Secretary
Attest: Kim Anderson
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Name: Kim Anderson
Title: Assistant Vice President
