August 1, 1999
COUNTRYWIDE INVESTMENT TRUST
INTERMEDIATE TERM GOVERNMENT INCOME FUND
SUPPLEMENT TO PROSPECTUS DATED AUGUST 1, 1999
During the period from August 1, 1999 until September 30, 1999, the
Trust's principal underwriter, Countrywide Investments, Inc. (the "Adviser") is
offering a special promotion to participating broker-dealers. During the
promotion, broker-dealers who open accounts in shares of the Fund will be
paid an additional reallowance by the Adviser. Therefore, the table of sales
loads for accounts opened after July 31, 1999 contained in the section entitled
"How to Purchase Shares" on page 13 of the Prospectus is revised as follows to
be in effect during the promotion:
Dealer
Reallowance
Sales Load as % of: as % of
Public Net Public
Offering Amount Offering
Amount of Investment Price Invested Price
- -------------------- ------ -------- -------
Less than $50,000 4.75% 4.99% 4.50%
$ 50,000 but less than $100,000 4.50% 4.72% 4.25%
$100,000 but less than $250,000 3.50% 3.63% 3.25%
$250,000 but less than $500,000 2.95% 3.04% 2.70%
$500,000 but less than $1,000,000 2.25% 2.31% 2.00%
$1,000,000 or more None* None*
* There is no front-end sales load on purchases of $1 million or more but a
contingent deferred sales load of 1% may apply if a commission was paid by the
Adviser to a participating unaffiliated dealer and the shares are redeemed
within twelve months from the date of purchase.
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August 1, 1999
COUNTRYWIDE INVESTMENT TRUST
INTERMEDIATE BOND FUND
SUPPLEMENT TO PROSPECTUS DATED AUGUST 1, 1999
During the period from August 1, 1999 until September 30, 1999, the
Trust's principal underwriter, Countrywide Investments, Inc. (the "Adviser") is
offering a special promotion to participating broker-dealers. During the
promotion, broker-dealers who open accounts in Class A shares of the Fund
will be paid an additional reallowance by the Adviser. Therefore, the table
of sales loads for accounts opened after July 31, 1999 contained in the sectio
entitled "How to Purchase Shares" on page 18 of the Prospectus is revised as
follows to be in effect during the promotion:
Dealer
Reallowance
Sales Load as % of: as % of
Public Net Public
Offering Amount Offering
Amount of Investment Price Invested Price
- -------------------- ------- -------- ---------
Less than $50,000 4.75% 4.99% 4.50%
$ 50,000 but less than $100,000 4.50% 4.72% 4.25%
$100,000 but less than $250,000 3.50% 3.63% 3.25%
$250,000 but less than $500,000 2.95% 3.04% 2.70%
$500,000 but less than $1,000,000 2.25% 2.31% 2.00%
$1,000,000 or more None* None*
* There is no front-end sales load on purchases of $1 million or more but a
contingent deferred sales load of 1% may apply with respect to Class A shares if
a commission was paid by the Adviser to a participating unaffiliated dealer and
the shares are redeemed within twelve months from the date of purchase.
