Shareholder Accounts Corporate Offices
c/o MGF Service Corp. 3707 W. Maple Road
P.O. Box 5354 Bloomfield Hills, MI 48301
Cincinnati, OH 45201-5354 (810) 644-8500
1-800-543-0407 Fax (810) 644-4250
SCHWARTZ VALUE FUND
May 13, 1997
Securities and Exchange Commission
Public Filing Desk
Judiciary Plaza
450 Fifth Street, NW
Washington, DC 20549
Re: Schwartz Investment Trust
File Nos. 33-51626 and 811-7148
Ladies and Gentlemen:
Pursuant to Rule 497(j) under the Securities Act of 1933, the undersigned
certifies that (i) the form of Prospectus and Statement of Additional
Information that would have been filed under paragraph (c) of Rule 497 would not
have differed from that contained in the most recent amendment to the Schwartz
Investment Trust's registration statement on Form N-1A and (ii) the text of the
most recent amendment (Post-Effective Amendment No. 5) has been filed
electronically.
Very truly yours,
/s/ John F. Splain
John F. Splain
Secretary
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