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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM N18F-1
Notification of Election Pursuant to Rule 18f-1
Under the Investment Company Act of 1940
SAFECO COMMON STOCK TRUST
NOTIFICATION OF ELECTION
The undersigned registered open-end investment company, on behalf of the
following series: SAFECO U.S. Value Fund ("Series"), hereby notifies the
Securities and Exchange Commission that the Series 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.
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 Seattle and the State of Washington as of
the 14th day of July, 1997.
SAFECO COMMON STOCK TRUST
/s/ David F. Hill
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David F. Hill
President
Attest:
/s/ Neal A. Fuller
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Neal A. Fuller
Assistant Secretary
