SUPPLEMENT DATED APRIL 1, 1996 TO GIT EQUITY TRUST PROSPECTUS
DATED JULY 31, 1995
1. 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.
2. Investors who purchase or redeem shares through a securities broker may be
charged a transaction fee by the broker for the handling of the transaction if
the broker so elects. Such charges are retained by the broker and not
transmitted to the Trust. However, investors may engage in any transaction
directly with the Trust to avoid such charges.
