NATIONS INSTITUTIONAL RESERVES
                  (formerly known as The Capitol Mutual Funds)
                      Registration Nos. 33-33144; 811-6030

                             CERTIFICATE PURSUANT TO
                              17 C.F.R. 230.497(j)


         The  undersigned  hereby  certifies on behalf of Nations  Institutional
Reserves  (the  "Trust")  that  the  forms  of  Prospectuses  and  Statement  of
Additional  Information  for all Funds of the Trust  that  would have been filed
pursuant  to 17  C.F.R.  230.497(c)  do not  differ  from the  Prospectuses  and
Statement of Additional  Information  contained in Post-Effective  Amendment No.
20, the most recent  amendment  to the Trust's  Registration  Statement  on Form
N-1A, the text of which was filed electronically on August 28, 1997.

         IN  WITNESS  WHEREOF,  the  Trust has  caused  this  certificate  to be
executed and witnessed in its name and on its behalf by the  undersigned  on the
4th day of September, 1997.


Witness:                                      NATIONS INSTITUTIONAL RESERVES

By:      /s/ Louise P. Newcomb                By:     /s/ Richard H. Blank, Jr.
Name:    Louise P. Newcomb                    Name:   Richard H. Blank, Jr.
Title:   Assistant Secretary                  Title:  Secretary