ENDOWMENTS
One Market, Steuart Tower, Suite 1800 S San Francisco, California 94105-1409
Mailing Address: P.O. Box 7650, San Francisco, California 94120-7650
Telephone (415) 421-9360
October 5, 1998
Document Control
U.S. Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: Endowments
File No. 2-34371 and 811-1884
Gentlemen:
Enclosed for filing is the above-referenced Registrant's current definitive
Prospectus and Statement of Additional Information. No changes have been made
to either the Prospectus or The Statement of Additional Information since
Registrant's filing of Post-Effective Amendment No. 48 under the Securities Act
of 1933 and Amendment No. 27 under the Investment Company Act of 1940 filed
electronically on September 29, 1998. This material is filed pursuant to the
requirements of Reg.230.497 under the Securities Act of 1933.
Sincerely,
Patrick F. Quan
Secretary
Enclosures
cc: Mr. Frank Dalton
Mr. Bric Barrientos
(Division of Investment Management)
