MENTOR FUNDS
901 East Byrd Street
Richmond, Virginia 23211
May 10, 1999
VIA EDGAR
Securities and Exchange Commission
450 Fifth Street, NW
Washington, D.C. 20549
Re: Mentor Funds (File Nos. 33-45315; 811-6550)
Ladies and Gentlemen:
Mentor Funds (the "Trust") hereby applies, pursuant to paragraph (a) of
Rule 477 under the Securities Act of 1933, as amended, to withdraw
Post-Effective Amendment No. 23 to the Trust's Registration Statement on
Form N-1A, filed with the Commission on March 5, 1999 ("Amendment No. 23").
The Trust is applying for such withdrawal in light of the determination of the
Trust not to make a public offering at this time of a new series of the Trust
(Mentor Value Portfolio) that was the subject of the disclosure in Amendment
No. 23.
Very truly yours,
/s/ Paul F. Costello
Paul F. Costello
President