ADVISORS SERIES TRUST

c/o U.S. Bancorp Fund Services, LLC

615 E. Michigan Street

Milwaukee, Wisconsin 53202

March 4, 2011

VIA EDGAR TRANSMISSION

U.S. Securities and Exchange Commission

Division of Investment Management

100 “F” Street, N.E.

Washington, D.C.  20549

Re: Advisors Series Trust (the “Trust”)

File Nos.: 333-17391 and 811-07959

PIA High Yield Fund (S000029824)

PIA High Yield (MACS) Fund (S000029825)

Dear Sir or Madam:

Pursuant to Rule 497(j) under the Securities Act of 1933, as amended, the Trust on behalf of its series, he PIA High Yield Fund and the PIA High Yield (MACS) Fund, hereby certifies that the forms of Prospectus and Statement of Additional Information that would have been filed under Rule 497(b) or (c) would not have differed from that contained in the most recent amendment dated February 28, 2011, and filed electronically as Post-Effective Amendment No. 351 to the Trust’s Registration Statement on Form N-1A on February 28, 2011.

If you have any questions or require further information, please do not hesitate to contact the undersigned at (414) 765-6609.

Sincerely,

/s/ Jeanine M. Bajczyk          

Jeanine M. Bajczyk, Esq.

for U.S. Bancorp Fund Services, LLC