[Logo of USAA INVESTMENT TRUST
USAA Eagle Income Strategy Fund
appears here] Growth and Tax Strategy Fund
Balanced Strategy Fund
Cornerstone Strategy Fund
Growth Strategy Fund
Emerging Markets Fund
Gold Fund
International Fund
World Growth Fund
GNMA Trust
Treasury Money Market Trust
SUPPLEMENT DATED JANUARY 2, 1997
TO THE STATEMENT OF ADDITIONAL INFORMATION
DATED OCTOBER 1, 1996
AS SUPPLEMENTED DECEMBER 2, 1996
TAX-DEFERRED RETIREMENT PLANS on page 5 of the Statement of Additional
Information is amended to reflect that USAA Federal Savings Bank replaced
State Street Bank as Custodian for the tax-deferred retirement plans under the
programs made available by USAA Investment Management Company.
29463-0197