MANAGED ACCOUNTS SERVICES PORTFOLIO TRUST
N-18F1, 1995-06-23
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                          SECURITIES AND EXCHANGE COMMISSION

                               Washington, D.C.  20549

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                   NOTIFICATION OF ELECTION PURSUANT TO RULE 18f-1

                      UNDER THE INVESTMENT COMPANY ACT OF 1940

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                      MANAGED ACCOUNTS SERVICES PORTFOLIO TRUST
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                               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 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 22nd day of June, 1995.


                                       MANAGED ACCOUNTS SERVICES
                                         PORTFOLIO TRUST


                                       By:  /s/ Gregory K. Todd
                                          _____________________________
                                          Gregory K. Todd
                                          Vice President and Assistant
                                                Secretary


     Attest:  /s/ Joan L. Cohen
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              Name: Joan L. Cohen
              Title: Vice President and
                     Assistant Secretary
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