The Milestone Funds
The Milestone Funds Treasury Obligations Portfolio
March 25, 1996
VIA ELECTRONIC FILING
Securities and Exchange Commission
450 Fifth Street, N.W.
Judiciary Plaza
Washington, DC 20549
Attn.: Division of Investment Management
Re: The Milestone Funds
The Milestone Funds Treasury Obligations Portfolio
Post-Effective Amendment No. 3 to the
Registration Statement on Form N-1A
File No. 33-81574
File No. 811-8620
Ladies and Gentlemen:
Pursuant to Rule 497(j) under the Securities Act of 1933, as amended (the "1933
Act"), The Milestone Funds (the "Trust") hereby certifies that:
(1) the form of prospectus and Statement of Additional Information that
would have been filed pursuant to Rule 497(c) under the 1933 Act would
not have differed from that contained in Post-Effective Amendment No. 3
to the Trust's Registration Statement on Form N-1A, constituting the
most recent amendment to the Trust's Registration Statement on Form
N-1A; and
(2) the text of Post-Effective Amendment No. 3 to the Trust's Registration
Statement on Form N-1A was filed electronically with the Securities and
Exchange Commission on February 23, 1996.
Very truly yours,
THE MILESTONE FUNDS
By: /s/ Jeffrey R. Hanson
Jeffrey R. Hanson, Chief Operating Officer
