Supplement dated February 5, 1997 to GIT Equity Trust
Prospectus dated July 31, 1996
1. As of the date of this supplement, the individuals
primarily responsible for the day-to-day management of the
Trust's portfolios are Jay R. Sekelsky and Frank E. Burgess.
Mr. Sekelsky, vice president, has served as a principal of
Madison Investment Advisors, Inc. since 1990. Prior to
joining Madison, he was vice president for Wellington
Management Group of Boston, Massachusetts. Mr. Burgess,
President and founder of Madison, began managing the Trust's
portfolios after July 31, 1996.
2. The portion of the Equity Income Portfolio that is not
invested in equity securities may be invested in debt
instruments. The "Debt Instruments" in which the Equity
Income Portfolio may invest are limited to the following
U.S. dollar denominated investments: (1) U.S. Government
securities; (2) obligations of banks having total assets of
$750 million or more (including assets of affiliates); (3)
high grade commercial paper; (4) other corporate
and foreign government obligations of investment grade
issued and sold publicly within the United States; and (5)
repurchase agreements involving any of the foregoing
securities.
Supplement dated February 3, 1997 to GIT Equity Trust
Worldwide Growth Portfolio Prospectus dated July 31, 1996
As of the date of this supplement, the individuals
primarily responsible for the day-to-day management of the
Trust's portfolios are Jay R. Sekelsky and Frank E. Burgess.
Mr. Sekelsky, vice president, has served as a principal of
Madison Investment Advisors, Inc. since 1990. Prior to
joining Madison, he was vice president for Wellington
Management Group of Boston, Massachusetts. Mr. Burgess,
President and founder of Madison, began managing the Trust's
portfolios after July 31, 1996.
