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The Payden & Rygel Investment Group
333 South Grand Avenue
Los Angeles, California 90071
Telephone (213) 625-1900
March 9, 2000
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: The Payden & Rygel Investment Group
Rule 497(j) Certification
File Nos. 811-6625, 33-46973
CIK No. 0000885709
Ladies and Gentlemen:
Pursuant to Rule 497(j) under the Securities Act of 1933 (the "1933
Act"), I, on behalf of The Payden & Rygel Investment Group (the "Group"), hereby
certify as follows:
1. This certification is made in lieu of making a filing under Rule
497(b) or (c) of the 1933 Act;
2. The form of prospectus and Statement of Additional Information that
would have been filed under paragraph (b) or (c) of this Rule 497 do not differ
from that contained in the most recent Post-Effective Amendment, No. 42, to the
Group's Registration Statement, No. 33-46973, effective February 28, 2000; and
3. The text of the most recent Post-Effective Amendment, No. 42, to the
Group's Registration Statement, No. 33-46973 was filed electronically.
If you have any questions concerning the foregoing, please telephone me
at the number set forth above.
Very truly yours,
The Payden & Rygel Investment Group
/s/Edward S. Garlock
Edward S. Garlock
Secretary
