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Stein Roe Institutional High Yield Fund
a series of Stein Roe Institutional Trust
Supplement to Prospectus dated November 5, 1997
The Board of Trustees of Stein Roe Institutional Trust voted
on September 25, 1998, to liquidate Stein Roe Institutional High
Yield Fund (the "Fund"). The Board directed that sales of Fund
shares be suspended as of September 30, 1998, and that the Fund be
liquidated on October 30, 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 September 28, 1998