CAPSTONE FIXED INCOME SERIES INC
497J, 1996-04-29
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<PAGE>     1
                         CAPSTONE FIXED INCOME SERIES, INC.

                                    CERTIFICATION


          The undersigned, President of Capstone Fixed Income Series, Inc.,
a Maryland corporation (the "Funds"), hereby certifies that:

          (a)  The forms of Prospectus and Statement of Additional
               Information that would have been filed pursuant to Rule
               497(c) of the Securities Act of 1933, as amended, would not
               have differed from that contained in Post-Effective
               Amendment No. 48 to the Registration Statement of the Funds.

          (b)  The text of Post-Effective Amendment No. 48 to the
               Registration Statement of the Funds has been filed
               electronically.

          IN WITNESS WHEREOF, the undersigned has signed and delivered this
Certification as of the 29th day of April, 1996.



                                /s/EDWARD L. JAROSKI          
                                -------------------------------
                                Edward L. Jaroski
                                President



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