<PAGE>
Securities and Exchange Commission
450 Fifth Street, N. W.
Washington, D. C. 20549
RE: SM&R GROWTH FUND, INC.
File Numbers: 002-10305
811-00623
Dear Sir or Madam:
Pursuant to paragraph (j) of Rule 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. 100.
SM&R GROWTH FUND, INC.
By: /s/ Teresa E. Axelson
----------------------------
Teresa E. Axelson, Secretary
April 27, 2000
