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 effective registration
statement or amendment, and (2) the text of the most recent registration
statement or amendment has been filed electronically.
IPS FUNDS
/s/ Greg D'Amico
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Gregory D'Amico
President
Dated as of August 4, 1998