This certification is provided pursuant to Section 906 of the Sarbanes-Oxley Act
of 2002, 18 U.S.C. 1350, and accompanies the report on Form N-CSR for the period
ended May 31, 2003 of IPS Funds (the "company").

I Greg D'Amico, the President of the company, certify that:

(i)  the form N-CSR fully  complies  with the  requirements  of Section 13(a) or
     Section  15(d) of the  Securities  Exchange Act of 1934 (15 U.S.C 78m(a) or
     78o(d)); and

(ii) the  information  contained  in the Form N-CSR  fairly  represents,  in all
     material respects, the financial condition and results of operations of the
     Issuer.

Date: 8/08/03                      /s/ Greg D'Amico, President
      -----------------            ------------------------------



This certification is provided pursuant to Section 906 of the Sarbanes-Oxley Act
of 2002, 18 U.S.C. 1350, and accompanies the report on Form N-CSR for the period
ended May 31, 2003 of IPS Funds (the "company").

I Greg D'Amico , the Treasurer of the company, certify that:

(i)  the form N-CSR fully  complies  with the  requirements  of Section 13(a) or
     Section  15(d) of the  Securities  Exchange Act of 1934 (15 U.S.C 78m(a) or
     78o(d)); and

(ii) the  information  contained  in the Form N-CSR  fairly  represents,  in all
     material respects, the financial condition and results of operations of the
     Issuer.

Date: 8/08/03                      /s/ Greg D'Amico, Treasurer
      -----------------            ------------------------------