INVESTORS CAPITAL SERVICES, INC.
600 Fifth Avenue, 26th Floor
New York, New York 10020
212-332-5211 Telephone
212-332-5190 Fax
February 2, 1999
Mr. Brion R. Thompson
Senior Counsel
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: SAMCO Fund, Inc. (the "Fund")
File Nos. 333-33365, 811-8323
Dear Mr. Thompson:
Pursuant to Rule 497(j) under the Securities Act of 1933, as amended,
please accept this letter as certification that the prospectus and
statement of additional information of the Fund do not differ from
that contained in Post-Effective Amendment No. 3 to the Fund's Registration
Statement on Form N-1A which was filed on January 27, 1999.
Please direct any questions or comments to the undersigned at (212) 332-5194.
Yours truly,
/s/ Eric P. Nachimovsky
Eric P. Nachimovsky, Esq.
