-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 S7E2Xz8adNtx0SM4JVxbFTMrfel3fMYSdNV/RI204kqpEBg1qkGFNm1PLWB0DFIe
 mxUUoFnyRNSucW6cJ0ZvbA==

<SEC-DOCUMENT>0000912057-96-026093.txt : 19961115
<SEC-HEADER>0000912057-96-026093.hdr.sgml : 19961115
ACCESSION NUMBER:		0000912057-96-026093
CONFORMED SUBMISSION TYPE:	497
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19961113
SROS:			NONE

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PIPER FUNDS INC II
		CENTRAL INDEX KEY:			0000943887
		STANDARD INDUSTRIAL CLASSIFICATION:	UNKNOWN SIC - 0000 [0000]
		STATE OF INCORPORATION:			MN
		FISCAL YEAR END:			0831

	FILING VALUES:
		FORM TYPE:		497
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	033-60515
		FILM NUMBER:		96662167

	BUSINESS ADDRESS:	
		STREET 1:		PIPER CAPITAL MANAGEMENT
		STREET 2:		222 S 9TH STREET 20TH FLOOR
		CITY:			MINNEAPOLIS
		STATE:			MN
		ZIP:			55402
		BUSINESS PHONE:		6123426412

	MAIL ADDRESS:	
		STREET 1:		C/O PIPER CAPITAL MANAGEMENT
		STREET 2:		222 59TH STREET 20TH FLOOR
		CITY:			MINNEAPOLIS
		STATE:			MN
		ZIP:			55402

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	JAFFRAY FUNDS INC
		DATE OF NAME CHANGE:	19950413
</SEC-HEADER>
<DOCUMENT>
<TYPE>497
<SEQUENCE>1
<DESCRIPTION>FORM 497
<TEXT>

<PAGE>


                                 DORSEY & WHITNEY LLP

                                     [LETTERHEAD]

                                  November 13, 1996


Securities and Exchange Commission
450 Fifth Street N.W.                       ELECTRONICALLY FILED VIA EDGAR
Washington, D.C. 20549

    Re:  Piper Funds Inc.--II
         File Nos.  33-60515 and 811-07279

Dear Sir or Madam:

         Pursuant to Rule 497(j), Piper Funds Inc.--II certifies that:

         (1) the form of Prospectuses and Statement of Additional Information
that would have been filed under paragraph (c) of Rule 497 would not have
differed from that contained in the most recent amendment to the registration
statement (Post-Effective Amendment #3 filed November 6, 1996); and

         (2) the text of the most recent amendment to the registration
statement has been filed electronically.


                                  Very truly yours,


                                  /s/ Bethany Brand

                                  Bethany S. Brand

cc:  Kathleen Prudhomme
    Kathleen Gorman
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----