The Victory Portfolios
3435 Stelzer Road
Columbus, Ohio 43219
July 29, 1999
VIA EDGAR
Securities and Exchange Commission
450 Fifth Street, N.W., Judiciary Plaza
Washington, D.C. 20549
Re: The Victory Portfolios
File Nos. 33-8982; 811-4852; CIK: 0000802716
Ladies and Gentlemen:
On behalf of The Victory Portfolios ("Registrant") and pursuant to Rule
497(j) under the Securities Act of 1933, as amended (the "Securities Act"), I
hereby certify that (i) the prospectuses and statements of additional
information for the Established Value Fund and the Small Company Opportunity
Fund, each a series of Registrant, that would have been filed pursuant to Rule
497(c) under the Securities Act would not have differed from those contained in
Post-Effective Amendment No. 52 to Registrant's Registration Statement on Form
N-1A ("the Amendment"), constituting the most recent amendment to this
Registration Statement; and (ii) the text of the Amendment was filed
electronically with the Securities and Exchange Commission on July 27, 1999,
accession number 0000922423-99-000913.
If you have any questions or comments regarding this filing, please
call Jay G. Baris at (212) 715-7515 or Peter Song (212) 715-9404.
Very truly yours,
The Victory Portfolios
By: /s/ Joel B. Engle
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Joel B. Engle
Treasurer
