Supplement dated December 14, 1995 to
GIT Equity Trust Prospectus dated July 31, 1995
The sub-advisory agreement between the Adviser and Cramblit
& Carney, sub-adviser to the Special Growth Portfolio, is
being terminated under mutually agreed-upon terms.
Effective December 14, 1995, the individual primarily
responsible for the management of the Special Growth
Portfolio is Charles J. Tennes, executive vice president of
the Adviser. Mr Tennes has been associated with the Adviser
since 1985, and has served as portfolio manager of the
Select Growth and Equity Income Portfolios since early 1993.
With this change, all of the Equity Trust portfolios will be
under the supervision of the same management team.
