BT GLOBAL ADVISORS
N-18F1, 1995-08-24
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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





                             BT GLOBAL INVESTORS

                            EXACT NAME OF REGISTRANT





                            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 Boston and the Commonwealth of
Massachusetts on the 24th day of August, 1995.

BT GLOBAL INVESTORS


By:/S/THOMAS M. LENZ
   Thomas M. Lenz, Trustee

Attest: /S/SUZAN M. BARRON
      Suzan M. Barron, Trustee




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