E TRADE FUNDS
497J, 2000-05-05
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                                  E*TRADE Funds
                               4500 Bohannon Drive
                              Menlo Park, CA 94025

                                   May 5, 2000



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

                  Re:      E*TRADE Funds
                           File Nos. 333-66807 and 811-09093

Dear Madam or Sir:

     Pursuant  to Rule  497(j)  under the  Securities  Act of 1933,  as amended,
E*TRADE Funds (the "Trust") hereby  certifies that the form of its  Prospectuses
and  Statements of  Additional  Information  for the Trust,  with respect to the
E*TRADE  E-Commerce Index and E*TRADE  Technology  Index Funds,  that would have
been filed under Rule 497(c) would not have differed from that  contained in the
Trust's  most recent  amendment  with  respect to these  series,  Post-Effective
Amendment  No.  20 to its  Registration  Statement  on Form  N-1A.  The  Trust's
Post-Effective  Amendment No. 20 to its Registration  Statement on Form N-1A was
filed electronically with the Commission on April 28, 2000.

                                                     Very truly yours,


                                                 /s/ W. David Moore
                                                     ------------------
                                                     W. David Moore
                                                     Title:  Vice President

cc:      Laura J. Riegel, Esq.
         Securities and Exchange Commission



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