THE ATALANTA/SOSNOFF INVESTMENT TRUST
ATALANTA/SOSNOFF FUND
SUPPLEMENT TO PROSPECTUS
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The Prospectus dated June 5, 1998 of the Atalanta/Sosnoff Fund is hereby amended
to reflect the following updated prior performance information of the Adviser as
found on page 3 of the Prospectus:
PERIODIC RATES OF RETURN FOR PAST 10 YEARS
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Equity Composite S&P
(dollar weighted 500
and net of fees) Index
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Six months ended
December 31, 1988 -1.12% 3.38%
1989 34.95% 31.60%
1990 -0.70% -3.11%
1991 46.63% 30.33%
1992 4.63% 7.62%
1993 18.05% 10.06%
1994 -3.52% 1.31%
1995 34.76% 37.58%
1996 10.55% 22.96%
1997 25.86% 33.37%
Six months ended
June 30, 1998 20.15% 17.71%
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ANNUALIZED RETURNS FOR PERIODS ENDED JUNE 30, 1998
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S&P
Equity 500
Composite Index
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1 year 27.23% 30.17%
5 years 17.63% 23.08%
10 years 17.96% 18.53%
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The date of this Supplement is July 21, 1998.