-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
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 94TgEWcm4Nq2I/6kdfM+0A==

<SEC-DOCUMENT>0000950147-97-000104.txt : 19970304
<SEC-HEADER>0000950147-97-000104.hdr.sgml : 19970304
ACCESSION NUMBER:		0000950147-97-000104
CONFORMED SUBMISSION TYPE:	N-18F1
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19970303
SROS:			NONE

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ADVISORS SERIES TRUST
		CENTRAL INDEX KEY:			0001027596
		STANDARD INDUSTRIAL CLASSIFICATION:	 []
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1130

	FILING VALUES:
		FORM TYPE:		N-18F1
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-07959
		FILM NUMBER:		97549624

	BUSINESS ADDRESS:	
		STREET 1:		2025 E FINANCIAL WAY SUITE 101
		CITY:			GLENDORA
		STATE:			CA
		ZIP:			91741
		BUSINESS PHONE:		8188521033

	MAIL ADDRESS:	
		STREET 1:		2025 E FINANCIAL WAY
		STREET 2:		SUITE 101
		CITY:			GLENDORA
		STATE:			CA
		ZIP:			91741
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-18F1
<SEQUENCE>1
<DESCRIPTION>FORM N-18F1
<TEXT>

                       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.


                              ADVISORS 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 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
3rd day of March, 1997.

                                     ADVISORS SERIES TRUST


                                     BY /s/ Robert H. Wadsworth
                                      ---------------------------------------
                                              Robert H. Wadsworth
                                              Assistant Secretary

Attest:/s/ Chris O. Kissack
             Secretary
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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