(Safeco Logo)
SAFECO Plaza Phone: (206) 545-5000
Seattle, WA 98185-0001
May 2, 2000
Securities and Exchange Commission
450 Fifth Street, NW
Washington, DC 20549
Re: SAFECO Taxable Bond Trust
1933 Act File Number - 33-22132
1940 Act File Number - 811-5571
Ladies and Gentlemen:
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 hereby
certify that each of (i) the form of the No-Load Class prospectus and Statement
of Additional Information each dated May 1, 2000, and (ii) the form of the
Advisor Class A, Advisor Class B and Advisor Class C prospectus and Statement of
Additional Information each dated May 1, 2000, for the Registrant that would
have been filed under paragraph (c) of this section do not differ from that
contained in the most recent amendment to the registration statement. I further
certify that the most recent registration statement was filed electronically on
April 28, 2000 and became effective April 29, 2000.
If you have any comments or questions concerning the filing, please call me at
(206) 545-6145.
Sincerely,
/s/Lizbeth A. Englund
Lizbeth A. Englund
Counsel