PIC INVESTMENT TRUST
RW, 1999-11-12
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PIC INVESTMENT TRUST
300 North Lake Avenue
Pasadena, CA 91101
Tele No. 626-449-8500


VIA EDGAR

                                November 12, 1999


Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC 20549-1004

     Re: PIC Investment Trust
         File Nos. 33-44579 and 811-06498

Dear Sir/Madam:

         On behalf of PIC Investment Trust (the  "Registrant"),  I hereby submit
this  application  for  withdrawal  of  Post-Effective  Amendment  No. 33 to the
Registrant's  Registration  Statement on Form N-1A (the "Amendment") pursuant to
Rule 477(a) of the Securities Act of 1933 (the "Act").

         The  Amendment  was  filed  to  register  Concentrated  Fund I and  UAM
Provident Focus Fund, two new series of the  Registrant.  The Amendment is being
withdrawn  because the  Registrant  has decided not to  establish  these two new
series.

         The  Amendment  will become  effective on December 29, 1999 pursuant to
Rule 485(a) of the Act.  Please issue an order with respect to this  application
for withdrawal as soon as possible.

         Pursuant to the  requirements of Rule 478 of the Act, this  application
for  withdrawal  of the  Amendment  has been duly signed by the President of the
Registrant this 8th day of November, 1999.

                                Very truly yours,

                                /s/ Douglas B. Allen

                                Douglas B. Allen
                                President


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