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SUMMIT CASH RESERVES FUND OF FINANCIAL INSTITUTIONS
October 4, 1996
Securities and Exchange Commission
450 Fifth Street, N.W.
Judiciary Plaza
Washington, D.C. 20549
Attention: Division of Investment Management
Re: Summit Cash Reserves Fund of Financial
Institutions Series Trust
Post-Effective Amendment No. 15 to the Registration
Statement on Form N-1A (Securities Act File
No. 2-78646; Investment Company Act File No. 811-3189)
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Ladies and Gentlemen:
Pursuant to Rule 497(j) under the Securities Act of 1933, as amended (the
"1933 Act"), Summit Cash Reserves Fund of Financial Institutions Series Trust
(the "Trust") hereby certifies that:
(1) the form of prospectus and statement of addtional information
that would have been filed pursuant to Rule 497(c) under the
1933 Act would not have differed from that contained in
Post-Effective Amendment No. 15 to the Trust's Registration
Statement on Form N-1A, constituting the most recent amendment
to the Trust's Registration Statement on Form N-1A; and
(2) the text of Post-Effective Amendment No. 15 to the Trust's
Registration Statement on Form N-1A was filed electronically
with the Securities and Exchange Commission on September 30,
1996.
Very truly yours,
SUMMIT CASH RESERVES FUND OF FINANCIAL
INSTITUTIONS SERIES TRUST
By: /s/ Gerald M. Richard
Authorized Officer
