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May 6, 1997
VIA ELECTRONIC FILING
Securities and Exchange Commission
450 5th Street NW
Washington, DC 20549
Re: SAFECO Taxable Bond Trust ("Registrant")
1933 Act File No. 33-22132
1940 Act File No. 811-5574
Dear Sir or Madam:
Pursuant to paragraph (j) of Rule 497 of Regulation C, under the Securities Act
of 1933, as amended, in lieu of filing under paragraph (c) of Rule 497, I
certify that the form of No-Load Class Shares Prospectus dated April 30, 1997
for the above-captioned registrant that would have been filed under paragraph
(c) of Rule 497 does not differ from that contained in the most recent amendment
to the registration statement, and further, that the text of the most recent
registration statement was filed electronically on April 30, 1997.
Sincerely,
/s/ Mark A. Chapleau
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Mark A. Chapleau
Counsel
