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[FRANK RUSSELL LETTERHEAD]
May 3, 2000
VIA ELECTRONIC TRANSMISSION
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Securities and Exchange Commission
450 - 5th Street N.W.
Judiciary Plaza
Washington, D.C. 20549
Re: Frank Russell Investment Company (the "Registrant") -- Post-Effective
Amendment No. 46 Under the 1933 Act and Amendment No. 46 Under the 1940 Act
-- File No. 2-71299 -- 1933 Act; File No. 811-3153 -- 1940 Act
Ladies and Gentlemen:
I serve as Legal Counsel to Frank Russell Investment Company (the "Registrant).
I also serve as an officer of the Registrant.
As Legal Counsel, I have reviewed the Registrant's Post-Effective Amendment No.
46 to the Registrant's Registration Statement. I hereby certify that the form of
prospectuses and Statements of Additional Information which would have been
filed pursuant to Paragraph (c) of Rule 497 does not differ from that contained
in the Post-Effective Amendment No. 46 and is therefore eligible for filing
pursuant to Paragraph (j) of Rule 497. I further certify that the text of Post-
Effective Amendment No. 46 was filed electronically with the Securities and
Exchange Commission under Paragraph (b) of Rule 485 of the Securities Act of
1933 on April 27, 2000 with an effective date of May 1, 2000.
Sincerely,
/s/
Mary Beth Rhoden
Staff Counsel
