USAA USAA INVESTMENT TRUST
EAGLE Cornerstone Strategy Fund
LOGO
SUPPLEMENT DATED AUGUST 28, 1998
TO THE PROSPECTUS
DATED OCTOBER 1, 1997
Page 23 of the Prospectus under the heading "PORTFOLIO MANAGERS" is amended to
reflect the following change.
PORTFOLIO MANAGERS
After 24 years of service with USAA Investment Management Company, Harry W.
Miller, the Fund's asset allocation manager and portfolio manager of the Fund's
Basic Value Stocks category, is retiring.
R. David Ullom, Assistant Vice President of Equity Investments, is the Fund's
asset allocation manager and portfolio manager of the Basic Value Stocks
category. He has 23 years investment management experience and has worked for
us for 12 years. Mr. Ullom earned the Chartered Financial Analyst designation
in 1980 and is a member of the Association for Investment Management and
Research and the San Antonio Financial Analysts Society, Inc. He holds an MBA
from Washington University, Missouri, and a BS from Oklahoma State University.
32965-0898
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USAA USAA INVESTMENT TRUST
EAGLE Growth and Tax Strategy Fund
LOGO
SUPPLEMENT DATED AUGUST 28, 1998
TO THE PROSPECTUS
DATED OCTOBER 1, 1997
Pages 12-13 of the Prospectus under the heading "Portfolio Managers" is amended
to reflect the following change.
Portfolio Managers
After 24 years of service with USAA Investment Management Company, Harry W.
Miller, the portfolio manager of the Fund's Blue Chip Stocks category, is
retiring.
Patrick O'Hare, Assistant Vice President of Equity Investments, is the
portfolio manager of the Fund's Blue Chip Stocks category. He has five years
investment management experience and has worked for us for five years. Mr.
O'Hare earned the Chartered Financial Analyst designation in 1996 and is a
member of the Association for Investment Management and Research and the San
Antonio Financial Analysts Society, Inc. He holds an MBA from the Wharton
School, University of Pennsylvania and a BBA from the University of Oklahoma.
32967-0898
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