Fiduciary Counselling, Inc.
332 Minnesota Street, Suite 2100
St. Paul, Minnesota 55101-1394
May 23, 1996
VIA ELECTRONIC TRANSMISSION
File Desk
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20054
RE: Clearwater Investment Trust (the "Registrant")
File No. 33-12289
To Whom It May Concern:
Pursuant to the requirements of Rule 497(j)under the Securities Act of
1993, the Registrant hereby certifies that(i)the form of prospectus and
statement of additional information that would have been filed as of this date
pursuant to Rule 497(c) does not differ from that contained in the most recent
post-effective amendment ("PEA No. 10") to the Registrant's registration
statement filed pursuant to Rule 485(b) on April 30, 1996, and (ii) the text of
PEA No. 10 has been filed electronically.
If there are any questions related to this letter, please contact Lloyd
Lipsett, counsel to the Registrant, at (617) 526-6249.
Sincerely,
/s/Richard T. Holm
Richard T. Holm
cc: Lloyd Lipsett, Esq.
