<PAGE> 1
Hotchkis and Wiley Funds
800 West Sixth Street
Fifth Floor
Los Angeles, California 90017
August 29, 1997
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: Hotchkis and Wiley Funds Post-Effective Amendment No. 25 to the
Registration Statement on Form N-1A
File Nos. 2-96219; 811-4182
Ladies and Gentlemen:
The above-referenced Registrant hereby certifies pursuant to Rule 497(j)
under the Securities Act of 1933 that (i) the form of Prospectuses and Statement
of Additional Information that would have been filed under paragraph (c) of the
Rule would not have differed from those contained in the most recent amendment
and (ii) the text of the most recent amendment to the Registrant's registration
statement has been filed electronically.
Very truly yours,
/s/ NANCY D. CELICK
-------------------
Nancy D. Celick
President
