STEIN ROE ADVISOR TRUST
Stein Roe International Fund
Supplement to Prospectus dated February 2, 1998
Effective October 26, 1998, the portfolio manager for Stein
Roe Advisor International Fund is Gita Rao who is jointly employed
by Colonial Management Associates, Inc. ("CMA") and Stein Roe &
Farnham Incorporated (each of which is an indirect wholly owned
subsidiary of Liberty Financial Companies, Inc.). Ms. Rao, has
co-managed the Colonial Global Equity Fund and the Colonial
International Horizons Fund since 1996. Prior to joining the CMA
in 1995, Ms. Rao was a quantitative research analyst at Fidelity
Management & Research Company, and a Vice President in the equity
research group at Kidder, Peabody and Company.
The Adviser may use both its own trading facilities and those
of CMA to place orders for the purchase and sale of portfolio
securities for the Fund. For trades placed through CMA, in
selecting broker-dealers, the Adviser may direct CMA to consider
research and brokerage services furnished to the Adviser.
This Supplement is Dated October 26, 1998
