File No. 811-3668


                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

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


                         THE WRIGHT MANAGED INCOME TRUST
                           (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 holder of record of an interest  in the  registrant,
limited in amount with  respect to each holder  during any 90-day  period to the
lesser  of (i)  $250,000,  or (ii) one  percent  of the net  asset  value of the
registrant at the beginning of such period,  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 19th day of June, 1996.

                                          THE WRIGHT MANAGED INCOME TRUST


                                          By  /s/ Peter M. Donovan
                                              Peter M. Donovan
                                              President and Trustee

Attest:   /s/ Janet E. Sanders
           Janet E. Sanders
           Assistant Secretary