Daniel A. Peterson

Partner

190 Carondelet Plaza, Suite 600

St. Louis, MO  63105

Direct: 314.345.6246

Fax: 314.480.1505

dan.peterson@huschblackwell.com

August 26, 2014

VIA EDGAR

United States Securities and Exchange Commission

100 F. Street NE

Washington, DC 20549

Re:             Tributary Funds, Inc. (“Tributary” or the “Registrant”)

SEC File Nos. 811-08846 & 33-85982

To the Commission:

On August 26, 2014, the Registrant filed a post-effective amendment to its registration statement under Rule 485(a) of the Securities Act of 1933, as amended (the “Post-Effective Amendment”).  This letter is being submitted on behalf of the Registrant in order to identify the undersigned, Daniel A. Peterson, of Husch Blackwell LLP, the Registrant’s outside counsel, as the appropriate party to receive any comments from the Securities and Exchange Commission staff (the “Staff”) in connection with the Post-Effective Amendment.

The changes outlined in the Post-Effective Amendment will be implemented and effective on October 1, 2014.   As such, we respectfully request that the Staff declare the Post-Effective Amendment effective as soon as possible, and that you contact the undersigned at your earliest convenience to convey the Staff’s comments in order for the Registrant to respond to such comments in a timely manner such that Tributary can meet the appropriate deadlines to accelerate effectiveness of the Post-Effective Amendment.

I appreciate your support and cooperation in this matter.  Please do not hesitate to contact me as counsel for the Fund at (314) 345-6246 with any questions.

Sincerely,

/s/ Daniel A. Peterson

Daniel A. Peterson

Partner

cc:Ms. Brittany Fahrenkrog

    Tributary Capital Management

 1620 Dodge Street, Stop 1089

 Omaha, Nebraska 68197

 Ms. Angela Burke

 Jackson National Asset Management

 225 West Wacker Drive, Suite 1000

 Chicago, Illinois 60606