IPS FUNDS, 497J, 2000-04-04

IPS FUNDS
497J, 2000-04-04

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                                    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 April 3, 2000