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Securities and Exchange Commission
450 Fifth Street N.W.
Washington, D.C. 20549
RE: SMA&R BALANCED FUND, INC.
File Numbers: 002-61491
811-02818
Dear Sir or Madam:
Pursuant to paragraph (j) of 497 (the "Rule") under the Securities Act
of 1933, the captioned registrant hereby certifies, in lieu of filing under
paragraph (c) of the Rule, that the forms of prospectus and Statement of
Additional Information that would have been filed under paragraph (c) would
not have differed from that contained in the registrant's most recent
amendment to the registration statement, Post-Effective Amendment No. 36.
SM&R BALANCED FUND, INC.
By: /s/ Teresa E. Axelson
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Teresa Axelson, Secretary
April 27, 2000
