POTOMAC FUNDS
497J, 2001-01-08
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KIRKPATRICK & LOCKHART LLP
1800 MASSACHUSETTS AVENUE, N.W.
WASHINGTON, D.C.  20036

                                                    Francine J. Rosenberger
                                                    202.778.9187
                                                    Fax:  202.778.9100
                                                    [email protected]

                                January 8, 2001

EDGAR FILING

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


                  Re:   Potomac Funds
                        File Nos. 333-28697 and 811-08243
                        ---------------------------------

Dear Sir or Madam:

      Pursuant to 497(j) of the  Securities  Act of 1933, I hereby  certify that
the  combined  form of  Statement  of  Additional  Information  ("SAI")  for the
Investor  Class of the  Potomac  U.S.  Plus Fund  ("U.S.  Plus  Fund"),  Potomac
U.S./Short  Fund,  Potomac OTC Plus Fund ("OTC Plus  Fund"),  Potomac  OTC/Short
Fund,  Potomac Dow 30SM Plus Fund ("Dow 30SM Fund"),  Potomac Internet Plus Fund
("Internet Plus Fund"), Potomac Internet Short Fund, Potomac Small Cap Plus Fund
("Small Cap Plus  Fund"),  Potomac  Small  Cap/Short  Fund and the Potomac  U.S.
Government Money Market Fund ("Money Market Fund") and for the Advisor Class and
Broker Class of the U.S. Plus Fund, OTC Plus Fund, Dow 30SM Plus Fund,  Internet
Plus Fund,  Small Cap Plus Fund and the Money  Market Fund used with  respect to
the above  Registrant  does not differ from the SAI contained in  Post-Effective
Amendment  No. 6 ("PEA No. 6") to its  Registration  Statement  on Form N-1A and
that PEA No. 6 was filed  electronically.  If you have any questions or comments
concerning the foregoing, please call me at (202) 778-9187.

                                    Very truly yours,

                                    /s/Francine J. Rosenberger

                                    Francine J. Rosenberger

Attachments

cc:  Daniel O'Neill
      Rafferty Asset Management, LLC



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