May 1, 1996
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, DC 20549
Attention: Filings - Rule 497(j)
Re: SCM Portfolio Fund, Inc. (the "Fund")
Registration Statement File No.: 33-23517
CIK No.: 0000837220
Dear Sir/Madam:
Pursuant to Rule 497(j) under the Securities Act of 1933,
this is to certify on behalf of the Fund that the form of
Prospectus and Statement of Additional Information that would
have been filed under paragraphs (b) or (c) of that section do
not differ from those contained in the most recent amendment,
Post-Effective Amendment No. 8, to the Fund's Registration
Statement, electronically filed with the Securities and Exchange
Commission on April 22, 1996, and effective on April 29, 1996.
Very truly yours,
Dorothy M. Allison, Esquire
cc: Stephen C. McCutcheon
scm-497.rev
