Goldman, Sachs & Co.
85 Broad Street, 12th Floor
New York, New York 10004
(212) 902-1000
August 7, 1995
Securities and Exchange Commission
Filing Desk
Judiciary Plaza
450 Fifth Street, N.W.
Washington, DC 20549
Re: Paragon Portfolio (the "Registrant")
Securities Act File No. 33-31334
Investment Company Act File No. 811-05879
Ladies and Gentlemen:
On behalf of the Registrant, pursuant to the Securities Act
of 1933, as amended and Rule 497(j) thereunder, the Registrant
certifies that the form of prospectus and statement of additional
information does not differ from the form of the aforementioned
documents that was filed electronically in the Registrant's most
recent registration statement on July 31, 1995.
Sincerely,
Angelique Barrow
ANGELIQUE BARROW