SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-18F-1
NOTIFICATION OF ELECTION PURSUANT TO RULE 18f-1
UNDER THE INVESTMENT COMPANY ACT OF 1940
PILGRIM SMALLCAP ASIA GROWTH FUND, INC.
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Exact Name of Registrant
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NOTIFICATION OF ELECTION
The undersigned registered open-end investment company, Pilgrim SmallCap
Asia Growth Fund, Inc. (the "Fund"), hereby notifies the Securities and Exchange
Commission that the Fund 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 Phoenix and the state of Arizona on the
21st day of August, 2000.
Signature: Pilgrim SmallCap Asia Growth Fund, Inc.
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(Exact Name of Registrant)
By: /s/ James M. Hennessy
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James M. Hennessy
Executive Vice President and Secretary
Attest: Kim Anderson
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Name: Kim Anderson
Title: Assistant Vice President
