N-18F-1

As filed with the Securities and Exchange Commission on June 10, 2011

File Nos. 033-72416; 811-8200

UNITED STATES

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

BRIDGEWAY FUNDS, INC.

(Exact Name of Registrant)

NOTIFICATION OF ELECTION

The undersigned registered open-end investment company (“Registrant”), on behalf of its series, the Omni Small-Cap Value Fund, 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 Houston and the state of Texas on the 8th day of June 2011.

Signature:BRIDGEWAY FUNDS, INC

on behalf of its series, the Omni Small-Cap Value Fund

By: Michael D. Mulcahy

Michael D. Mulcahy

President

Attest Deborah L. Hanna

Deborah L. Hanna

Secretary