[Logo of USAA INVESTMENT MANAGEMENT COMPANY
USAA Eagle ----------------------------------------------------
appears here] 9800 Fredericksburg Road San Antonio, Texas 78288
May 1, 1997
VIA EDGAR
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
RE: USAA Mutual Fund, Inc.
1933 Act File No. 2-49560
1940 Act File No. 811-2429
Dear Sir or Madam:
Pursuant to Rule 497(j) under the Securities Act of 1933, the
registrant identified above certifies that the form of Prospectus and Statement
of Additional Information that would have been filed under paragraph (b) or (c)
of Rule 497 would not have differed from that contained in the most recent
Post-Effective Amendment to the registrant's Registration Statement filed on
April 21, 1997, and the text of the most recent Post-Effective Amendment to the
registrant's Registration Statement has been filed electronically.
Sincerely,
/s/ Mark S. Howard
----------------------------
Mark S. Howard
Executive Director
Securities Counsel
cc: Philip H. Newman, Esq.
Alex M. Ciccone
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