AQUILA ROCKY MOUNTAIN EQUITY FUND, 497J, 1996-04-30

AQUILA ROCKY MOUNTAIN EQUITY FUND
497J, 1996-04-30

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           Aquila Rocky Mountain Equity Fund
         Registration Nos. 33-72212, 811-8168


         CERTIFICATION PURSUANT TO RULE 497(j)

          Pursuant to paragraph (j) of Rule 497 (the
"Rule") under the Securities Act of 1933, the captioned
registrant hereby certifies, in lieu of filing under
paragraph (c) of the Rule, that the form of prospectus
and Statement of Additional Information that would have
been filed under paragraph (c) would not have differed
from that contained in the registrant's most recent
amendment to its registration statement, Post-Effective
Amendment No. 2.


                    AQUILA ROCKY MOUNTAIN EQUITY FUND


                    By: /s/ Patricia A. Craven 
                    _____________________________
                              Patricia A. Craven,
                              Assistant Secretary