BAUPOST FUND
497, 2000-03-01
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                                THE BAUPOST FUND
                          44 Brattle Street, 5th Floor
                                 P.O. Box 381288
                         Cambridge, Massachusetts 02238
                                  617-497-3380

                                                        March 1, 2000

VIA EDGAR

Securities and Exchange Commission
450 Fifth Street, NW
Washington, DC  20549

         Re:      The Baupost Fund (the "Fund")
                  (File Nos. 33-35851 and 811-6138)

Ladies and Gentlemen:

         Pursuant to Rule 497(j) under the  Securities  Act of 1933, as amended,
the  undersigned  hereby  certifies  on  behalf  of the  Fund  that  the form of
Prospectus and Statement of Additional Information that would have been filed on
behalf of the Fund pursuant to Rule 497(c) do not differ from those contained in
Post-Effective  Amendment  No. 12 to the Fund's  Registration  Statement on Form
N-1A filed electronically on February 28, 2000.

         If you have any  questions  about this  certification,  please call the
undersigned at (800) 241-6680.

                                                        Very truly yours,

                                                        /s/ Paul Gannon
                                                        Paul Gannon
                                                        Vice President


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