ALBEMARLE INVESTMENT TRUST/, 497, 2000-01-10

ALBEMARLE INVESTMENT TRUST/
497, 2000-01-10

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The NORTH CAROLINA
   Tax Free Bond Fund
                                             Post Office Box 5354
                                             Cincinnati, Ohio 45201-5354
                                             800.841.0987

January 10, 2000

Securities and Exchange Commission
Public Filing Desk
Judiciary Plaza
450 Fifth Street, NW
Washington, DC 20549

Re:  Albemarle Investment Trust (the "Trust")
     File Nos. 33-13133

Ladies and Gentlemen:

Pursuant  to Rule  497(j)  under the  Securities  Act of 1933,  the  undersigned
certifies   that  (i)  the  form  of  Prospectus  and  Statement  of  Additional
Information that would have been filed under paragraph (c) of Rule 497 would not
have  differed  from that  contained in  Post-Effective  Amendment No. 30 to the
Trust's registration  statement on Form N-1A and (ii) the text of Post-Effective
Amendment No. 30 has been filed electronically.

Very truly yours,

/s/ Wade Bridge

Wade Bridge
Assistant Secretary