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NORTHSTAR INVESTMENT MANAGEMENT CORPORATION
TWO PICKWICK PLAZA
GREENWICH, CONNECTICUT 06830
(203) 863-6216
March 5, 1998
Via EDGAR
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Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: Northstar Balance Sheet Opportunities Fund (formerly the "Northstar
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Advantage Income Fund"), File Nos. 33-00850 and 811-04433
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Ladies and Gentlemen:
Pursuant to Rule 497(j) under the Securities Act of 1933, as amended, please
accept this letter as certification that the prospectuses and statements of
additional information for the Northstar Balance Sheet Opportunities Fund
(the "Fund") do not differ from that contained in Post-Effective Amendment
No. 23 (the "Amendment") to the Fund's Registration Statement on Form N1-A.
This Amendment was filed electronically on February 27, 1998.
Should you have any questions regarding this filing, please phone the
undersigned at (203)863-6216.
Sincerely,
STEPHANIE L. BECKNER
Stephanie L. Beckner
Secretary
