[LOGO] FORUM
       FINANCIAL GROUP

                                                March 3, 2003

VIA EDGAR

Securities and Exchange Commission
Office of Document Control
450 Fifth Street, N.W.

Washington, D.C. 20549

Re:      Forum Funds
         File Nos.  2-67052; 811-3023
         CIK:  0000315774

Ladies and Gentlemen:

         On behalf of Forum  Funds,  (the  "Registrant")  and  pursuant  to Rule
497(j)  of the  Securities  Act of 1933 as  amended  (the  "Act"),  the  form of
Prospectus and Statement of Additional  Information with respect to Fountainhead
Special Value Fund,  dated March 1, 2003, that would have been filed pursuant to
Rule  497(c) of the Act  would not have  differed  from  that  contained  in the
Registration Statement of the Registrant which was filed electronically by EDGAR
on February 28, 2003, accession number 0001004402-03-000152.

         If you  have  any  questions  concerning  this  filing,  please  do not
hesitate to call me collect at (207) 822-6680.

                                        Sincerely,

                                        /s/ Leslie K. Klenk

                                        Leslie K. Klenk
                                        Forum Administrative Services. LLC

Enclosure

                                                             
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