N-18F1 1 0001.txt NOTIFICATION OF ELECTION 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 GROWTH AND INCOME FUND, INC. ------------------------------------ Exact Name of Registrant NOTIFICATION OF ELECTION The undersigned registered open-end investment company, Pilgrim Growth and Income 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 Growth and Income Fund, Inc. -------------------------------------- (Exact Name of Registrant) By: /s/ James M. Hennessy -------------------------------------- James M. Hennessy Executive Vice President and Secretary Attest: Kim Anderson ------------------------------- Name: Kim Anderson Title: Assistant Vice President