Alger Portfolios – ‘N-18F1’ on 5/1/97

As of:  Thursday, 5/1/97   ·   Accession #:  930413-97-239   ·   File #:  811-05550

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Notice of Election   —   Form N-18F-1
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: N-18F1      Notice of Election                                     2      4K 

N-18F1
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FORM N-18F-1

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 NOTIFICATION OF ELECTION PURSUANT TO RULE 18F-1
UNDER THE INVESTMENT COMPANY ACT OF 1940

 THE ALGER AMERICAN FUND
Exact Name of Registrant

N-18F1
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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 New York and the state of New York on the
1 day of May, 1997.                                                             

                                    Signature: The Alger American Fund

                             By:     /s/ Gregory S. Duch
                                          --------------------------------
                                     Gregory S. Duch
                  Title: Treasurer

Attest:  /s/ Mary Marsden-Cochran                                               
-------------------------------                               
Mary Marsden-Cochran                                          
Secretary