The NORTH CAROLINA
Tax Free Bond Fund
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Post Office Box 5354 Cincinnati, Ohio 45201-5354 800.841.0987
January 2, 2001
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. 31 to the
Trust's registration statement on Form N-1A and (ii) the text of Post-Effective
Amendment No. 31 has been filed electronically.
Very truly yours,
/s/ Tina D. Hosking
Tina D. Hosking
Secretary
