<PAGE>
FLAG INVESTORS FUNDS
One South Street
Baltimore, Maryland 21202
October 2, 2000
EDGAR Operations Branch
Securities and Exchange Commission
Division of Investment Management
450 Fifth Street, NW
Washington, DC 20549
RE: FLAG INVESTORS EQUITY PARTNERS FUND, INC. (the "Fund")
1933 Act File No. 33-86832
1940 Act File No. 811-8886
Dear Sir or Madam:
Pursuant to Rule 497(j) under the Securities Act of 1933, the above-named Fund
hereby certifies that the definitive forms of prospectus and statement of
additional information, dated October 1, 2000, do not differ from the forms of
prospectus and statement of additional information contained in the most recent
registration statement for the Fund, which was electronically filed under Rule
485(b) as Post-Effective Amendment No. 8 on September 28, 2000.
If you have any questions regarding this certification, please call me at (410)
895-3776.
Very truly yours,
/s/ Daniel O. Hirsch
Daniel O. Hirsch
Assistant Secretary