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DRINKER BIDDLE & REATH LLP
Philadelphia National Bank Building
1345 Chestnut Street
Philadelphia, PA 19107-3496
January 7, 1998
VIA EDGAR TRANSMISSION
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Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, NW
Washington, DC 20549
Re: Excelsior Funds
File Nos. 33-71306/811-8132
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Ladies and Gentlemen:
On behalf of Excelsior Funds (the "Trust") and pursuant to
Rule 497(j) under the Securities Act of 1933, as amended (the "1933 Act"), I
hereby certify that the Prospectus and Statement of Additional Information dated
January 1, 1998 for the Institutional Money Fund that would have been filed
under paragraph (c) of Rule 497 under the 1933 Act would not have differed from
the Prospectus and Statement of Additional Information contained in the Trust's
most recent Post-Effective Amendment to its Registration Statement on Form N-1A
under the 1933 Act and the Investment Company Act of 1940, as amended, ("PEA
#6"), which was filed on December 30, 1997; and (ii) the text of PEA #6 has been
filed electronically.
Questions and comments concerning this letter may be directed
to the undersigned at (215) 988-2670.
Very truly yours,
/s/ Daniel A. Moonay
Daniel A. Moonay
