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DECHERT PRICE & RHOADS
1500 K STREET, N.W.
WASHINGTON, D.C. 20005
(202) 626-3300
August 5, 1997
VIA ELECTRONIC TRANSMISSION
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Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: Rea-Graham Funds, Inc.
File Nos. 2-76762 and 811-3434
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Dear Sirs:
Pursuant to Rule 497(j) under the Securities Act of 1933, we hereby
certify on behalf of Rea-Graham Funds, Inc. (the "Company"), that the form of
Prospectus and Statement of Additional Information for the Company's separate
investment series, Rea-Graham Balance Fund, that would have been filed under
Rule 497(c), does not differ from those contained in Post-Effective Amendment
No. 20 which was filed on July 31, 1997. The text of Post-Effective Amendment
No. 20 was filed electronically.
Please do not hesitate to contact the undersigned at (202) 626-3364 if
you have any questions concerning this certification.
Very truly yours,
/s/ Patrick W.D. Turley