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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
RYDEX SERIES TRUST
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 Rockville in the State of Maryland
on the 26th day of August, 1998.
Signature:
RYDEX SERIES TRUST
By: /s/ Albert P. Viragh
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Albert P. Viragh
President
Attest: /s/ Carl Verboncoeur
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Carl Verboncoeur
Vice President
