LEXINGTON MANAGEMENT CORPORATION
INVESTMENT ADVISER TO THE LEXINGTON FUNDS
PARK 80 WEST PLAZA TWO
SADDLE BROOK, NJ 07663
May 8, 1997
Securities and Exchange Commission
Division of Investment Management
450 Fifth Street, N.W.
Washington, DC 20549
Re: Lexington Corporate Leaders Fund (the "Fund")
1933 Act File No. 002-10694
1940 Act File No. 811-0091
Gentlemen and/or Ladies:
The Fund hereby 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
amendment to the Fund's registration statement dated April 30, 1998.
The text of this most recent amendment has been filed electronically on
April 30, 1998 under the form type "485BPOS".
Sincerely,
Peter Corniotes
Assistant Secretary
