STEPSTONE FUNDS, AW, 1996-04-26

STEPSTONE FUNDS
AW, 1996-04-26

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                    [MORGAN, LEWIS & BOCKIUS LLP LETTERHEAD]



April 26, 1996


VIA EDGAR

Securities and Exchange Commissions
450 Fifth Street, N.W.
Judiciary Plaza
Washington, D.C.  20549

Re:      Stepstone Funds
         File Nos. 33-37687 and 811-6192
         CIK No.:  0000869094

Ladies and Gentlemen:

On behalf of our client, Stepstone Funds (the "Registrant"), we request, via
Form Type A/W that the Registrant's filing on Form Type 485APOS, as filed on
March 29, 1996 (Accession #0000893220- 96-000510), be withdrawn.  This 485APOS
was filed without its signature page and Part C.  We have subsequently re-filed
the Form 485APOS with its signature page and Part C (Accession
#0000893220-96-000531) to bring the Registrant into compliance with Section 10
of the Securities Act.

Please do not hesitate to contact either Cathy Taulbee (202/467-7370) or me at
(202/467-7087) if you have any questions or wish to discuss this matter.



Sincerely,



/s/ JOHN H. GRADY, JR.
- ----------------------
John H. Grady, Jr.