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PPM America Funds
225 West Wacker Drive, Suite 1200
Chicago, Illinois 60606
May 4, 2000
BY EDGAR
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Ladies and Gentlemen:
PPM AMERICA FUNDS
1933 ACT REGISTRATION NO. 333-63295
1940 ACT REGISTRATION NO. 811-09001
In accordance with Rule 497(j) of Regulation C under the Securities Act
of 1933, PPM America Funds (the "Trust") certifies that:
a. the form of prospectus and statement of additional information
that would have been filed under paragraph (c) of Rule 497
would not have differed from that contained in the most recent
post-effective amendment to the Trust's registration statement
on Form N-1A; and
b. the text of the most recent post-effective amendment to the
Trust's registration statement was filed with the Commission
via EDGAR on May 1, 2000.
Very truly yours,
PPM AMERICA FUNDS
/s/ Mark D. Nerud
Mark D. Nerud
Secretary
