DRIEHAUS MUTUAL FUNDS
497J, 2000-05-02
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VEDDER PRICE

                                           VEDDER, PRICE, KAUFMAN & KAMMHOLZ
                                           222 NORTH LASALLE STREET
                                           CHICAGO, ILLINOIS  60601-1003
                                           312-609-7500
                                           FACSIMILE: 312-609-5005

                 A PARTNERSHIP INCLUDING VEDDER, PRICE, KAUFMAN & KAMMHOLZ, P.C.
                 WITH OFFICES IN CHICAGO AND NEW YORK CITY

                                             May 2, 2000

Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C.  20549

         Re:      DRIEHAUS MUTUAL FUNDS
                  FILE NOS. 333-05265  AND 811-7655

To The Commission:

     Pursuant to Rule 497(j) of Regulation C, under the Securities Act of 1933,
in lieu of filing under paragraph (b) or (c) of Rule 497, on behalf of the
Registrant, we hereby certify that (1) the form of Prospectus dated May 1, 2000
and Statement of Additional Information dated May 1, 2000 for the
above-captioned Registrant that would have been filed under paragraph (b) or (c)
of Rule 497 does not differ from that contained in the most recent registration
statement or amendment and (2) the text of the most recent registration
statement or amendment has been filed electronically.

                                               Very truly yours,



                                               /s/Stephanie Grauerholz-Lofton
                                               ------------------------------

                                               Stephanie Grauerholz-Lofton

SGL/sp


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