The Preferred Group of Mutual Funds
First Financial Plaza
411 Hamilton Boulevard
Peoria, Illinois 61602
November 5, 1997
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: The Preferred Group of Mutual Funds (File Nos. 33-46479, 811-06602)
Ladies and Gentlemen:
On behalf of The Preferred Group of Mutual Funds (the "Trust"), the
undersigned hereby certifies, pursuant to Rule 497(j) under the Securities Act
of 1933, that the forms of Prospectus and Statement of Additional Information
that would have been filed under paragraphs (b) or (c) of Rule 497 would not
have differed from those included in Post- Effective Amendment No. 13 to the
Trust's Registration Statement, as filed electronically with the Securities and
Exchange Commission on October 28, 1997.
THE PREFERRED GROUP OF MUTUAL FUNDS
By: FRED L. KAUFMAN
Fred L. Kaufman
Vice President and Treasurer
