January 5, 1998
VIA EDGAR
Securities and Exchange Commission
450 Fifth Street, NW
Washington, DC 20549
RE: Albemarle Investment Trust (the "Trust"); (File Nos. 33-13133 and
811-05098) on behalf of North Carolina Tax Free Bond Fund (the "Fund")
Ladies and Gentlemen,
Pursuant to Rule 497(j) under the Securities Act of 1933, as amended, please
accept this letter as certification that the prospectus and statement of
additional information for the Fund does not differ from that contained in Post
Effective Amendment No. 27 (the "Amendment") to the Trust's Registration
Statement on Form N-1A, which was filed electronically.
Yours truly,
/s/ C. Frank Watson III
C. Frank Watson III
Secretary