Rule 497(c)
File No. 33-91770
File No. 811-9038
January 7, 1997
VIA EDGAR
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: The Olstein Funds
CIK No. 0000944690
Ladies and Gentlemen:
On behalf of The Olstein Funds (the "Fund") and
pursuant to Rule 497(j) under the Securities Act of
1933, the undersigned hereby certifies that the form of
Prospectus and Statement of Additional Information that
would have been filed under paragraph (b) or (c) of
Rule 497 would not have differed from that contained in
Post-Effective Amendment No. 5 to the Fund's
Registration Statement on Form N-1A as filed
electronically on December 29, 1997.
All questions and comments regarding this filing
should be addressed to the undersigned at Rodney Square
Management Corporation, Rodney Square North, 1100 North
Market Street, Wilmington, Delaware 19890-0001, phone
number: (302) 651-8408.
Sincerely,
/s/ Molly Graham
Molly Graham
Senior Fund Administrator
