REYNOLDS FUNDS INC
497J, 2000-01-05
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                                                                 January 5, 2000



VIA EDGAR SYSTEM

Securities and Exchange Commission
450 Fifth Street, N.W.
Judiciary Plaza
Washington, DC  20549

          Re:    Reynolds Funds, Inc.
                 File Nos. 33-21718 and 811-05549
                 Rule 497(j) Certification

Ladies & Gentlemen:

          The undersigned  officer of Reynolds Funds,  Inc. (the "Company") does
hereby certify pursuant to Rule 497(j)  promulgated  under the Securities Act of
1933, as amended:

          1. that the form of prospectus and statement of additional information
that would have been filed under paragraph (c) of Rule 497 promulgated under the
Securities Act of 1933, as amended,  would not have differed from that contained
in Post-Effective  Amendment No. 15 to Form N-1A Registration Statement filed by
the  Fund on  January  4,  2000,  which  is the most  recent  amendment  to such
registration statement; and

          2. that the text of Post-Effective Amendment No. 15 was filed with the
Securities  and  Exchange  Commission  by direct  transmittal  through the EDGAR
system on January 4, 2000.

                                          Very truly yours,

                                          REYNOLDS FUNDS, INC.



                                          By:  /s/ Camille F. Wildes
                                               ---------------------------------
                                               Camille F. Wildes,
                                               Secretary



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