August 30, 2000
Securities and Exchange Commission
450 Fifth Street, N.W.
Judiciary Plaza
Washington, D.C. 20549
Attention: Division of Investment Management
Re: Financial Institutions Series Trust-
Summit Cash Reserves Post-Effective Amendment
No. 20 to the Registration Statement on Form
N-1A (Securities Act File No. 2-78646
Investment Company Act File No. 811-3189)
Ladies and Gentlemen:
Pursuant to Rule 497 (j) under the Securities Act
of 1933, as amended (the "1933 Act"), Financial
Institutions Series Trust-Summit Cash Reserves
(the "Trust") hereby certifies that:
(1) the form of prospectus and statement of additional
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. 20 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.20 to the
Trust's Registration Statement on Form N-1A was filed
electronically with the Securities and Exchange
Commission on August 28, 2000.
Very truly yours,
Financial Institutions Series Trust
-Summit Cash Reserves
By: Terry K. Glenn /s/
_________________________
Terry K. Glenn
President
