Bingham McCutchen LLP
One Federal Street
Boston, Massachusetts 02110



October 29, 2013
 

VIA EDGAR

Securities and Exchange Commission
Division of Investment Management
100 F Street, NE
Washington, D.C.  20549

Re:           Aquila Funds Trust
 (File Nos. 2-79722 and 811-3578)

Ladies and Gentlemen:

On behalf of Aquila Funds Trust, a Massachusetts business trust (the “Registrant”) and pursuant to Rule 497(c) under the Securities Act of 1933, as amended, attached for filing are exhibits containing in interactive data format the risk/return summary information that appears in a supplement dated October 11, 2013 to the Prospectus relating to Aquila Three Peaks High Income Fund and Aquila Three Peaks Opportunity Growth Fund (each, a “Fund”), each a series of the Registrant.

Any questions or comments relating to the filing should be directed to the undersigned at (617) 951-8458 or Toby R. Serkin at (617) 951-8760.


Sincerely,

/s/ Jeremy B. Kantrowitz

Jeremy B. Kantrowitz


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