Advisors Series Trust

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

615 E. Michigan Street

Milwaukee, Wisconsin  53202

May 3, 2013

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

Phocas Real Estate Fund (S000013666)

Dear Sir or Madam:

Pursuant to Rule 497(j) under the Securities Act of 1933, as amended, the Investment Company Act of 1940, as amended, and the regulations thereunder, the Trust, on behalf of its series, the Phocas Real Estate 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 April 30, 2013, and filed electronically as Post-Effective Amendment No. 503 to the Trust’s Registration Statement on Form N-1A on April 25, 2013.

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

Sincerely,

/s/ Jeanine M. Bajczyk                                                      

Jeanine M. Bajczyk, Esq.

Secretary

Advisors Series Trust