LEXINGTON MANAGEMENT CORPORATION
INVESTMENT ADVISER TO THE LEXINGTON FUNDS
PARK 80 WEST PLAZA TWO
SADDLE BROOK, NJ 07663
May 5, 1999
Securities and Exchange Commission
Division of Investment Management
450 Fifth Street, N.W.
Washington, DC 20549
Re: Lexington Corporate Leaders Trust Fund
1933 Act File No. 002-10694
1940 Act File No. 811-0091
The form of prospectus for Lexington Corporate Leaders Trust Fund 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, 1999.
The text of this most recent amendment has been filed electronically on
April 30, 1999 under the form type "485BPOS".
Sincerely,
Peter Corniotes
Vice President and Assistant Secretary-
Lexington Management Corporation