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Beth K. Werths
215-988-2482
[email protected]
Law Offices
DRINKER BIDDLE & REATH LLP
Philadelphia National Bank Building
1345 Chestnut Street
Philadelphia, PA 19107-3496
Telephone (215) 988-2700
Fax: (215) 988-2757
May 11, 1998
VIA EDGAR TRANSMISSION
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Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, NW
Re: Pegasus Funds
Registration No. 33-13990 and 811-5148
Ladies and Gentlemen:
On behalf of Pegasus Funds (the "Trust") and pursuant to Rule 497 (j) of
the Securities Act of 1933 (the "1933 Act"), I hereby certify that (i) the
prospectuses and statements of additional information listed below that would
have been filed under paragraph (c) of Rule 497 of the 1933 Act would not have
differed from the prospectuses and statements of additional information
contained in the Trust's most recent post-effective amendment, Post-Effective
Amendment No. 47 to the Trust's Registration Statement on Form N-1A under the
Securities Act of 1933 and the Investment Company Act of 1940 ("Post-Effective
Amendment No. 47"), which was filed on April 30, 1998; and (ii) the text of
Post-Effective Amendment No. 47 have been filed electronically:
1. Prospectus dated April 30, 1998 for the bond and equity portfolios;
2. Prospectus dated April 30, 1998 for qualified employee benefit plans
(Class A shares);
3. Prospectus dated April 30, 1998 for qualified employee benefit plans
(Class I shares);
4. Prospectus dated April 30, 1998 for Money Market portfolios;
5. Prospectus dated April 30, 1998 for the Cash Management portfolios;
6. Statement of Additional Information dated April 30, 1998 for the bond
and equity portfolios and the qualified employee benefit plans;
7. Statement of Additional Information dated April 30, 1998 for the Money
Market portfolios; and
8. Statement of Additional Information dated April 30, 1998 for the Cash
Management portfolios.
Very truly yours,
/s/ Beth K. Werths
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Beth K. Werths
