LAW OFFICES
DRINKER BIDDLE & REATH LLP
Philadelphia National Bank Building
1345 Chestnut Street
Philadelphia, PA 19107-3496
Telephone: (215) 988-2700
Fax: (215) 988-2757
Suite 900 Suite 300
901 Fifteenth Street, N.W. 105 College Road East
Washington, DC 20005-2333 P.O. Box 627
(202) 842-8800 Princeton, NJ 08542-0627
(609) 716-6500
Beth K. Werths Suite 300
215-988-2482 1000 Westlakes Drive
[email protected] Berwyn, PA 19312-2409
(610) 990-2200
April 30, 1997
VIA EDGAR TRANSMISSION
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Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, NW
Washington, DC 20549
Re: Pegasus Variable Annuity Fund (1933 Act
Registration No. 33-86186 and 1940 Act
Registration No. 811-8854)
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Ladies and Gentlemen:
On behalf of Pegasus Variable Annuity Fund (the "Trust") and
pursuant to Rule 497(j) of the Securities Act of 1933 (the "1933 Act"), I
hereby certify that (i) the prospectus and statement of additional information
listed below that would have been filed under paragraph (c) of Rule 497 of
the 1933 Act would not have differed from that prospectus and statement of
additional information contained in the Trust's most recent post-effective
amendment, Post-Effective Amendment No. 8 to the Trust's Registration
Statement on Form N-1A under the Securities Act of 1933 and the Investment
Company of 1940 ("Post-Effective Amendment No. 8"), which was filed on
April 24, 1997; and (ii) the text of Post-Effective Amendment No. 8 has been
filed electronically:
1. Prospectus dated April 30, 1997 for the Managed Assets
Balanced Fund, Growth and Value Fund, Mid-Cap Opportunity Fund,
Growth Fund, Intrinsic Value Fund, Bond Fund and Money Market
Fund;
2. Statement of Additional Information dated April 30, 1997 for
the Managed Assets Balanced Fund, Growth and Value Fund,
Mid-Cap Opportunity Fund, Growth Fund, Intrinsic Value Fund,
Bond Fund and Money Market Fund.
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DRINKER BIDDLE & REATH LLP
Securities and Exchange Commission
April 30, 1997
Page 2
If you have any questions or comments regarding this filing, do not
hesitate to contact the undersigned at (215) 988-2482.
Very truly yours,
/s/ Beth K. Werths
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Beth K. Werths
