THE CALDWELL & ORKIN MARKET OPPORTUNITY FUND
CERTIFICATE
The undersigned, as President of the Caldwell & Orkin Market
Opportunity Fund hereby certifies, pursuant to Rule 497(j) of
Regulation C under the Securities Act of 1933 that (1) the form of
Prospectus and Statement of Additional Information that would have
been filed under paragraph (b) or (c) of this section would not have
differed from that contained in the most recent effective registration
statement or amendment, and (2) the text of the most recent registration
statement or amendment has been filed electronically.
CALDWELL & ORKIN MARKET
OPPORTUNITY FUND
/s/ Michael B. Orkin
Michael B. Orkin
President
Dated as of November 17, 1998