COUNTRYWIDE INVESTMENT TRUST, 497, 1997-09-22

COUNTRYWIDE INVESTMENT TRUST
497, 1997-09-22

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                                                         September 22, 1997


                          COUNTRYWIDE INVESTMENT TRUST
                       Short Term Government Income Fund/
                    Intermediate Term Government Income Fund

                Supplement to Prospectus Dated February 1, 1997,
                             Revised March 31, 1997


         Class C shares of the  Intermediate  Term  Government  Income Fund (the
"Fund") are no longer available for sale. Effective  immediately,  all purchases
of shares of the Fund are for the purchase of Class A shares.








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                                                        September 22, 1997


                          COUNTRYWIDE INVESTMENT TRUST
                 Adjustable Rate U.S. Government Securities Fund

                Supplement to Prospectus Dated February 1, 1997,
                             Revised March 31, 1997


         Class C shares of the Adjustable Rate U.S.  Government  Securities Fund
(the  "Fund")  are no longer  available  for sale.  Effective  immediately,  all
purchases of shares of the Fund are for the purchase of Class A shares.

















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