Flag Investors Real Estate Securities Fund, Inc.
Statement of Certification
Pursuant to Rule 497(j)
Flag Investors Real Estate Securities Fund, Inc. (the
"Fund") hereby certifies that the forms of prospectus and
statement of additional information, as supplemented, that would
have been filed under Paragraph (c) of Rule 497 under the
Securities Act of 1933, as amended, would not have differed from
those contained in Post-Effective Amendment No. 2 to the Fund's
Registration Statement on Form N-1A (File Nos. 33-78648 and 811-
8500) which was filed electronically on May 30, 1995 (Accession
No. 0000950116-95-000207).
FLAG INVESTORS REAL ESTATE SECURITIES
FUND, INC.
Date: June 5, 1995 By: /s/ Brian C. Nelson
Brian C. Nelson
Vice President and
Secretary
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