KAYNE ANDERSON MUTUAL FUNDS, 497J, 1997-05-06

KAYNE ANDERSON MUTUAL FUNDS
497J, 1997-05-06

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                  INVESTMENT COMPANY ADMINISTRATION CORPORATION
                        2025 E. FINANCIAL WAY, SUITE 101
                               GLENDORA, CA 91741
                                 (818) 852-1033


May 6, 1997

VIA EDGAR
- ---------

Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549-1004

Re:      Kayne Anderson Mutual Funds
         File No. 333-08045, 811-07705
         CIK No. 0001018593


Ladies and Gentlemen:

We are filing  electronically,  on behalf of Kayne  Anderson  Mutual  Funds (the
"Funds"),  this  certification  pursuant to Rule  497(j).  On April 30, 1997 the
above referenced  registrant  filed a Post Effective  Amendment Number 2 on Form
N1-A, the final Prospectus and Statement of Additional Information do not differ
from that  contained  in the N1-A  filing.  The N1-A filing  received  accession
number 0000950147-97-000266.

Please give me a call if you have any questions at (818) 852-1033.

Very Truly Yours,

/s/ Rita Dam
Rita Dam
Assistant Treasurer
Kayne Anderson Mutual Funds