IPS FUNDS, 497J, 1998-05-13

IPS FUNDS
497J, 1998-05-13

Previous: DUFF & PHELPS CREDIT RATING CO, 10-Q, 1998-05-13

Next: TRAVELERS LIFE & ANNUITY CO, 10-Q, 1998-05-13



                                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/ Gregory D'Amico
                              Gregory D'Amico
                              President

Dated as of May 13, 1998