FUND/PLAN SERVICES, INC.
#2 West Elm Street
Conshohocken, PA 19428
July 26, 1996
VIA EDGAR
SECURITIES AND EXCHANGE COMMISSION
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: FAIRPORT FUNDS
1933 Act File No. 33-84186
1940 Act File No. 811-8774
To the Staff of the Commission:
Attached for filing on behalf of the above-named Registrant,
pursuant to Rule 18f-1 of the Investment Company Act of 1940,
as amended, is the Registrant's Form N-18f-1: Notification
of Election pursuant to Rule 18f-1.
Should you have any questions concerning this matter, please
contact the undersigned at (610) 834-3598.
Sincerely,
Deborah Ann Potter
Manager, Compliance Administration
cc: Kathryn G. Balazs (Fairport Funds)
Kristin Hay Ives, Esq, (Baker & Hostetler)
<PAGE>
Date: July 26, 1996
To: SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
From: FAIRPORT FUNDS
1933 Act File No. 33-84186
1940 Act File No. 811-8774
FORM N-18F-1:
NOTIFICATION OF ELECTION PURSUANT TO RULE 18f-1
UNDER THE INVESTMENT COMPANY ACT OF 1940
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 the 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
Cleveland in the State of Ohio on the 26th day of July, 1996.
FAIRPORT FUNDS
By:
Kathryn G. Balazs
Title: Secretary
Attest:
(name)
(title)
