IPS FUNDS
CERTIFICATE
The undersigned, as President of IPS Funds hereby certifies, pursuant
to Rule 497(j) of Regulation C under the Securities Act of 1933 that (1)
the form of Prospectus and Statement of Additional Information that
would have been filed under paragraph (b) or (c) of this section would not
have differed from that contained in the most recent registration statement
or amendment, and (2) the text of the most recent registration statement
or amendment has been filed electronically.
IPS FUNDS
/s/ Gregory D'Amico
Gregory D'Amico
President
Dated as of April 16, 1996