USAA INVESTMENT TRUST
497, 1999-10-07
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                             USAA INVESTMENT TRUST
                           CORNERSTONE STRATEGY FUND
                              GROWTH STRATEGY FUND
                               INTERNATIONAL FUND
                               WORLD GROWTH FUND
                             EMERGING MARKETS FUND

                        SUPPLEMENT DATED OCTOBER 1, 1999
                           TO EACH FUND'S PROSPECTUS
                             DATED OCTOBER 1, 1999

Effective  October 1, 1999,  Kevin P. Moore replaced W. Travis Selmier,  II, as
the  portfolio  manager  of  the  Emerging  Markets  Fund,  co-manager  of  the
"International Stocks" investment category of the Cornerstone Strategy Fund and
Growth Strategy Fund, and co-manager of the International Fund and the "Foreign
Securities" section of the World Growth Fund.

KEVIN P. MOORE,  the  Portfolio  Manager,  has 12 years  investment  management
experience  and  has  worked  for us for  five  years.  He is a  member  of the
Association  for  Investment  Management  and  Research  and  the  San  Antonio
Financial  Analysts Society,  Inc. Mr. Moore holds a BBA from George Washington
University.

35015-1099


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