DECHERT PRICE & RHOADS
1775 EYE STREET, N.W.
WASHINGTON, D.C. 20009
June 12, 2000
VIA ELECTRONIC TRANSMISSION
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: FBR Family of Funds
File Nos. 333-05675 and 811-07665
Ladies and Gentlemen:
Pursuant to Rule 497(j) under the Securities Act of 1933, as amended
(the "1933 Act"), the undersigned has been authorized by FBR Family of Funds
(the "Trust") to submit this filing in lieu of a filing under Rule 497(c) under
the 1933 Act, and to certify that:
1. the Forms of Prospectus and Statement of Additional Information
dated February 28, 2000, as supplemented June 1, 2000, describing
the shares of the FBR Financial Services Fund, the FBR Small Cap
Financial Fund, the FBR Small Cap Value Fund, and the FBR Realty
Growth Fund of the Trust that would have been filed under Rule
497(c) under the 1933 Act does not differ from the forms
contained in the Trust's most recent amendment to its
registration statement; and
2. the text of the Trust's most recent amendment to its registration
statement, filed on March 27, 2000, has been filed
electronically.
No fees are required in connection with this filing. Please contact the
undersigned at (202) 261-3336 with any questions or comments regarding this
matter.
Sincerely,
/s / John H. Lively
