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Beth K. Werths
215-988-2482
[email protected]
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
May 11, 1998
VIA EDGAR TRANSMISSION
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Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, NW
Re: Pegasus Variable Funds
Registration No. 33-86186 and 811-8854
Ladies and Gentlemen:
On behalf of Pegasus Variable Funds (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 the prospectus and statement of additional information contained
in the Trust's most recent post-effective amendment, Post-Effective Amendment
No. 9 to the Trust's Registration Statement on Form N-1A under the Securities
Act of 1933 and the Investment Company Act of 1940 ("Post-Effective Amendment
No. 9"), which was filed on April 30, 1998; and (ii) the text of Post-Effective
Amendment No. 9 have been filed electronically:
1. Prospectus dated April 30, 1998;
2. Statement of Additional Information dated April 30, 1998.
Very truly yours,
/s/ Beth K. Werths
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Beth K. Werths
