BAILARD BIEHL & KAISER INTERNATIONAL FUND GROUP INC
N-18F1, 1999-12-07
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                                     N-18F1
                            Notification of Election

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                 Notification of Election Pursuant to Rule 18f-1
                    under the Investment Company Act of 1940

             Bailard, Biehl & Kaiser International Fund Group, Inc.

                            NOTIFICATION OF ELECTION

     The undersigned  registered  open-end  investment company, on behalf of the
Bailard,  Biehl & Kaiser International  Equity Fund and Bailard,  Biehl & Kaiser
International  Bond Fund 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.

                                    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 it behalf in the City of Foster City in the State of  California  on
the 30th day of November, 1999.

                          Signature:

                          Bailard, Biehl & Kaiser International Fund Group, Inc.


                          By: /s/ Burnice E. Sparks
                              --------------------------------------------------
                              Burnice E. Sparks, Jr.
                              President


Attest: /s/ Janis M. Horne
        --------------------------------
         Janis M. Horne
           Secretary


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