STEIN ROE ADVISOR TRUST
Stein Roe Advisor Balanced Fund
Stein Roe Advisor Special Venture Fund
Stein Roe Advisor International Fund
Supplement to Prospectus dated Feb. 2, 1998
The Board of Trustees of Stein Roe Advisor Trust voted on
Nov. 3, 1998, to liquidate Stein Roe Advisor Balanced Fund, Stein
Roe Advisor Special Venture Fund, and Stein Roe Advisor
International Fund. The Board directed that sales of Fund shares
be suspended as of Nov. 5, 1998, and that the Funds be liquidated
on Dec. 7, 1998, or before that time if all shareholders have
redeemed their interests in the Fund.
The Board's decision to liquidate the Funds was prompted
by the Funds' relatively small size and the belief that, under
current conditions, they would not be likely to attract
significant new assets in the near future. Funds of nominal
asset size generally tend to be inefficient for shareholders--
they may have higher expense ratios and less investment
flexibility and, consequently, lower returns over the long term.
This Supplement is Dated Nov. 5, 1998
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STEIN ROE ADVISOR TRUST
Stein Roe Advisor Income Fund
Supplement to Prospectus dated Nov. 1, 1998
The Board of Trustees of Stein Roe Advisor Trust voted on
Nov. 3, 1998, to liquidate Stein Roe Advisor Income Fund. The
Board directed that sales of Fund shares be suspended as of Nov.
5, 1998, and that the Fund be liquidated on Dec. 7, 1998, or
before that time if all shareholders have redeemed their interests
in the Fund.
The Board's decision to liquidate the Fund was prompted by
the Fund's relatively small size and the belief that, under
current conditions, it would not be likely to attract significant
new assets in the near future. Funds of nominal asset size
generally tend to be inefficient for shareholders--they may have
higher expense ratios and less investment flexibility and,
consequently, lower returns over the long term.
This Supplement is Dated Nov. 5, 1998
