Rydex Series Trust
6116 Executive Boulevard
Suite 400
Rockville, Maryland 20852
August 13, 1997
VIA EDGAR TRANSMISSION
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: Rydex Series Trust
Certification Pursuant to Rule 497(j) under
the Securities Act of 1933
File Nos. 33-59692 and 811-7584
Ladies and Gentlemen:
In lieu of filing the forms of Prospectuses and Statements of
Additional Information for Rydex Series Trust (the "Trust"), pursuant to
paragraph (c) of Rule 497 under the Securities Act of 1933, as amended (the
"1933 Act), the Trust certifies that:
i. the forms of the Prospectuses and Statements of
Additional Information that would have been filed
under paragraph (c) of Rule 497 under the 1933 Act
do not differ from those forms of the Prospectuses
and Statements of Additional Information contained
in Post-Effective Amendment No. 28 to the Trust's
registration statement on Form N-1A, the most
r e cent amendment to the Trust's registration
statement; and
ii. the text of Post-Effective Amendment No. 28 to the
Trust's registration statement on Form N-1A, the
most recent amendment to the Trust's registration
statement, has been filed with the Securities and
E x c hange Commission electronically via EDGAR
transmission, on July 30, 1997.
If you should have any questions regarding the foregoing, please
contact the undersigned at (301) 468-8520.
RYDEX SERIES TRUST
(Registrant)
By:/S/Albert P. Viragh, Jr.
Albert P. Viragh, Jr., Chairman
cc: Mr. Sothara Chin
W. Randolph Thompson, Esq.
James Bernstein, Esq.<PAGE>
