STEIN ROE ADVISOR TRUST
Stein Roe Advisor Growth & Income Fund
Supplement to Prospectus dated February 14, 1997
Stein Roe Advisor Trust has appointed Colonial Investors
Service Center, Inc. as transfer agent of Stein Roe Advisor
Growth & Income Fund, effective October 15, 1997. Formerly
the Fund's sub-transfer agent, Colonial Investors Service
Center, Inc.--P.O. Box 1722, Boston, MA 02105-1722--replaces
SteinRoe Services Inc.
Also effective October 15, 1997, the Fund's shares have
been redesignated "Class K" shares. No other class of shares
of the Fund is outstanding at this time.
In addition, the following language replaces the third
paragraph under the heading "Performance Information":
The performance of Advisor Growth & Income Fund may be
compared to various indices. Performance and quotations from
various publications may be included in sales literature and
advertisements.
Advisor Growth & Income Fund invests all of its net
investable assets in Growth & Income Portfolio, which has the
same investment objective and substantially the same
investment policies as Advisor Growth & Income Fund. Advisor
Growth & Income Fund commenced operations on February 14,
1997. The historical performance of Class K shares for the
period prior to February 14, 1997 is based on the performance
of Growth & Income Portfolio, restated to reflect 12b-1 fees
and other expenses applicable to the class as set forth in
the Fee Table, without giving effect to any fee
reimbursements described therein and assuming reinvestment of
dividends and capital gains. Historical performance as
restated should not be interpreted as indicative of Advisor
Growth & Income Fund's future performance. The average
annual returns for Class K shares as of September 30, 1997
were as follows:
Class K
--------
1 year 30.55%
5 years 18.71
10 years 13.14
This Supplement is Dated October 15, 1997
<PAGE>
STEIN ROE ADVISOR TRUST
Stein Roe Advisor International Fund
Supplement to Prospectus dated February 14, 1997
Stein Roe Advisor Trust has appointed Colonial Investors
Service Center, Inc. as transfer agent of Stein Roe Advisor
International Fund, effective October 15, 1997. Formerly the
Fund's sub-transfer agent, Colonial Investors Service Center,
Inc.--P.O. Box 1722, Boston, MA 02105-1722--replaces SteinRoe
Services Inc.
Also effective October 15, 1997, the Fund's shares have
been redesignated "Class K" shares. No other class of shares
of the Fund is outstanding at this time.
In addition, the following language replaces the third
paragraph under the heading "Performance Information":
The performance of Advisor International Fund may be compared
to various indices. Performance and quotations from various
publications may be included in sales literature and
advertisements.
Advisor International Fund invests all of its net investable
assets in International Portfolio, which has the same
investment objective and substantially the same investment
policies as Advisor International Fund. Advisor
International Fund commenced operations on February 14, 1997.
The historical performance of Class K shares for the period
prior to February 14, 1997 is based on the performance of
International Portfolio, restated to reflect 12b-1 fees and
other expenses applicable to the class as set forth in the
Fee Table, without giving effect to any fee reimbursements
described therein and assuming reinvestment of dividends and
capital gains. Historical performance as restated should not
be interpreted as indicative of Advisor International Fund's
future performance. The average annual returns for Class K
shares as of September 30, 1997 were as follows:
Class K
-------
1 year 9.24%
Life of Fund
(from 3/1/94) 5.96
This Supplement is Dated October 15, 1997
<PAGE>
STEIN ROE ADVISOR TRUST
Stein Roe Advisor Young Investor Fund
Supplement to Prospectus dated February 14, 1997
Stein Roe Advisor Trust has appointed Colonial Investors
Service Center, Inc. as transfer agent of Stein Roe Advisor
Young Investor Fund, effective October 15, 1997. Formerly
the Fund's sub-transfer agent, Colonial Investors Service
Center, Inc.--P.O. Box 1722, Boston, MA 02105-1722--replaces
SteinRoe Services Inc.
Also effective October 15, 1997, the Fund's shares have
been redesignated "Class K" shares. No other class of shares
of the Fund is outstanding at this time.
In addition, the following language replaces the third
paragraph under the heading "Performance Information":
The performance of Advisor Young Investor Fund may be
compared to various indices. Performance and quotations from
various publications may be included in sales literature and
advertisements.
Advisor Young Investor Fund invests all of its net investable
assets in Growth Investor Portfolio, which has the same
investment objective and substantially the same investment
policies as Advisor Young Investor Fund. Advisor Young
Investor Fund commenced operations on February 14, 1997. The
historical performance of Class K shares for the period prior
to February 14, 1997 is based on the performance of Growth
Investor Portfolio, restated to reflect 12b-1 fees and other
expenses applicable to the class as set forth in the Fee
Table, without giving effect to any fee reimbursements
described therein and assuming reinvestment of dividends and
capital gains. Historical performance as restated should not
be interpreted as indicative of Advisor Young Investor Fund's
future performance. The average annual returns for Class K
shares as of September 30, 1997 were as follows:
Class K
-------
1 year 26.26%
Life of Fund
(from 4/29/94) 29.92
This Supplement is Dated October 15, 1997
<PAGE>
STEIN ROE ADVISOR TRUST
Stein Roe Advisor Special Venture Fund
Supplement to Prospectus dated February 14, 1997
Stein Roe Advisor Trust has appointed Colonial Investors
Service Center, Inc. as transfer agent of Stein Roe Advisor
Special Venture Fund, effective October 15, 1997. Formerly
the Fund's sub-transfer agent, Colonial Investors Service
Center, Inc.--P.O. Box 1722, Boston, MA 02105-1722--replaces
SteinRoe Services Inc.
Also effective October 15, 1997, the Fund's shares have
been redesignated "Class K" shares. No other class of shares
of the Fund is outstanding at this time.
In addition, the following language replaces the third
paragraph under the heading "Performance Information":
The performance of Advisor Special Venture Fund may be
compared to various indices. Performance and quotations from
various publications may be included in sales literature and
advertisements.
Advisor Special Venture Fund invests all of its net
investable assets in Special Venture Portfolio, which has the
same investment objective and substantially the same
investment policies as Advisor Special Venture Fund. Advisor
Special Venture Fund commenced operations on February 14,
1997. The historical performance of Class K shares for the
period prior to February 14, 1997 is based on the performance
of Special Venture Portfolio, restated to reflect 12b-1 fees
and other expenses applicable to the class as set forth in
the Fee Table, without giving effect to any fee
reimbursements described therein and assuming reinvestment of
dividends and capital gains. Historical performance as
restated should not be interpreted as indicative of Advisor
Special Venture Fund's future performance. The average
annual returns for Class K shares as of September 30, 1997
were as follows:
Class K
--------
1 year 21.46%
Life of Fund
(from 10/17/94) 26.91
This Supplement is Dated October 15, 1997
<PAGE>
STEIN ROE ADVISOR TRUST
Stein Roe Advisor Balanced Fund
Supplement to Prospectus dated February 14, 1997
Stein Roe Advisor Trust has appointed Colonial Investors
Service Center, Inc. as transfer agent of Stein Roe Advisor
Balanced Fund, effective October 15, 1997. Formerly the
Fund's sub-transfer agent, Colonial Investors Service Center,
Inc.--P.O. Box 1722, Boston, MA 02105-1722--replaces SteinRoe
Services Inc.
Also effective October 15, 1997, the Fund's shares have
been redesignated "Class K" shares. No other class of shares
of the Fund is outstanding at this time.
In addition, the following language replaces the third
paragraph under the heading "Performance Information":
The performance of Advisor Balanced Fund may be compared to
various indices. Performance and quotations from various
publications may be included in sales literature and
advertisements.
Advisor Balanced Fund invests all of its net investable
assets in Balanced Portfolio, which has the same investment
objective and substantially the same investment policies as
Advisor Balanced Fund. Advisor Balanced Fund commenced
operations on February 14, 1997. The historical performance
of Class K shares for the period prior to February 14, 1997
is based on the performance of Balanced Portfolio, restated
to reflect 12b-1 fees and other expenses applicable to the
class as set forth in the Fee Table, without giving effect to
any fee reimbursements described therein and assuming
reinvestment of dividends and capital gains. Historical
performance as restated should not be interpreted as
indicative of Advisor Balanced Fund's future performance.
The average annual returns for Class K shares as of September
30, 1997 were as follows:
Class K
--------
1 year 23.34%
5 years 13.02
10 years 10.76
This Supplement is Dated October 15, 1997
<PAGE>
STEIN ROE ADVISOR TRUST
Stein Roe Advisor Special Fund
Supplement to Prospectus dated February 14, 1997
Stein Roe Advisor Trust has appointed Colonial Investors
Service Center, Inc. as transfer agent of Stein Roe Advisor
Special Fund, effective October 15, 1997. Formerly the
Fund's sub-transfer agent, Colonial Investors Service Center,
Inc.--P.O. Box 1722, Boston, MA 02105-1722--replaces SteinRoe
Services Inc.
Also effective October 15, 1997, the Fund's shares have
been redesignated "Class K" shares. No other class of shares
of the Fund is outstanding at this time.
In addition, the following language replaces the third
paragraph under the heading "Performance Information":
The performance of Advisor Special Fund may be compared to
various indices. Performance and quotations from various
publications may be included in sales literature and
advertisements.
Advisor Special Fund invests all of its net investable assets
in Special Portfolio, which has the same investment objective
and substantially the same investment policies as Advisor
Special Fund. Advisor Special Fund commenced operations on
February 14, 1997. The historical performance of Class K
shares for the period prior to February 14, 1997 is based on
the performance of Special Portfolio, restated to reflect
12b-1 fees and other expenses applicable to the class as set
forth in the Fee Table, without giving effect to any fee
reimbursements described therein and assuming reinvestment of
dividends and capital gains. Historical performance as
restated should not be interpreted as indicative of Advisor
Special Fund's future performance. The average annual
returns for Class K shares as of September 30, 1997 were as
follows:
Class K
-------
1 year 33.30%
5 years 18.30
10 years 14.85
This Supplement is Dated October 15, 1997
