<PAGE> 1
January 4, 1996
Securities and Exchange Commission VIA EDGAR
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: The Pilot Funds (the "Funds"): File Nos. 2-78440 and 811-3517
Ladies and Gentlemen:
This letter is being transmitted by means of electronic submission by the Fund
pursuant to Rule 497(j) under the Securities Act of 1933, as amended, and
Regulation S-T.
As Secretary of the Fund, I hereby certify that the definitive Prospectuses
for the Funds' Pilot Short-Term U.S. Treasury Fund, Pilot Short-Term
Diversified Assets Fund, Pilot Short-Term Tax-Exempt Diversified Fund and Pilot
Missouri Short-Term Tax-Exempt Fund -- Pilot Shares, Administration Shares, and
Investor Shares, respectively, Pilot Growth and Income Fund, Pilot Equity
Income Fund, Pilot U.S. Government Securities Fund, Pilot Intermediate U.S.
Government Securities Fund, Pilot Municipal Bond Fund and Pilot Intermediate
Municipal Bond Fund -- Pilot Shares, Class A Shares and Class B Shares,
respectively, and Pilot International Equity Fund -- Pilot Shares and Class A
Shares, respectively and the Statement of Additional Information, each dated
December 29, 1995, each of which has been in use since January 3, 1996, which
would have been filed by the Fund pursuant to Rule 497(c) do not differ from
those contained in the Funds' most recent registration statement on Form N-1A,
filed pursuant to EDGAR on January 2, 1996.
If you have any questions concerning this filing, please do not hesitate to
call me at (614) 470-8656.
Sincerely,
/s/ GEORGE O. MARTINEZ
George O. Martinez
Secretary
