USAA USAA INVESTMENT TRUST
EAGLE Cornerstone Strategy Fund
LOGO
SUPPLEMENT DATED AUGUST 17, 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. Mr. Miller served as the Fund's asset
allocation manager from October 1, 1992 through August 17, 1998. Mr. Miller
also served as the portfolio manager of the Basic Value Stocks category of the
Fund from February 1995 through August 17, 1998.
Effective August 17, 1998, the Basic Value Stocks category is managed by a team
of portfolio managers who are responsible for the day-to-day management of the
category's portfolio. The team is also responsible for managing the asset
allocation of the Fund. The team meets regularly to review the Fund's portfolio
holdings and will make adjustments when appropriate to keep the Fund in line
with its investment objective.
32965-0898
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USAA USAA INVESTMENT TRUST
EAGLE Growth and Tax Strategy Fund
LOGO
SUPPLEMENT DATED AUGUST 17, 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 Manager
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. Effective August 17, 1998, the Blue Chip Stocks category of the Fund
is managed by a team of portfolio managers who are responsible for the
day-to-day management of the category's portfolio. The team meets regularly
to review the category's portfolio holdings and will make adjustments when
appropriate to keep the Fund in line with its investment objective.
32967-0898
<PAGE>
