Advisors Series Trust

c/o U.S. Bank Global Fund Services

2020 East Financial Way, Suite 100

Glendora, California 91741

VIA EDGAR TRANSMISSION

May 5, 2021

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 No.:     333-17391

Capital Advisors Growth Fund (S000005062)

Ladies and Gentlemen:

Pursuant to Rule 497(j) under the Securities Act of 1933, as amended and the regulations thereunder, the Trust on behalf of its series, the Capital Advisors Growth Fund, hereby certifies that the forms of Prospectus and Statement of Additional Information that would have been filed under Rule 497(c) would not have differed from that contained in the most recent amendment dated April 30, 2021, and filed electronically as Post-Effective Amendment No. 1022 to the Trust’s Registration Statement on Form N 1A on April 20, 2021.

If you have any questions regarding the enclosed, please do not hesitate to contact the undersigned at (626) 914-7392.

Sincerely,

/s/ Elaine E. Richards

Elaine E. Richards

Secretary

Advisors Series Trust

Enclosure