USAA USAA INVESTMENT TRUST
EAGLE GROWTH AND TAX STRATEGY FUND
LOGO
SUPPLEMENT DATED NOVEMBER 1, 1999
TO THE PROSPECTUS
DATED OCTOBER 1, 1999
AS A RESULT OF TWO RETIREMENTS THAT REQUIRED A REORGANIZATION OF OUR FIXED
INCOME INVESTMENTS AREA, PAGE 14 OF THE PROSPECTUS UNDER THE HEADING "PORTFOLIO
MANAGERS" IS AMENDED TO REFLECT THE FOLLOWING CHANGE EFFECTIVE NOVEMBER 1,
1999.
Portfolio Managers
CLIFFORD A. GLADSON, Vice President of Fixed Income Investments, assumes
portfolio management responsibilities of the Tax-Exempt Bonds and Tax-Exempt
Money Market Instruments investment categories of the Growth and Tax Strategy
Fund replacing Kenneth E. Willmann.
Mr. Gladson has 12 years investment management experience and has worked for us
for nine years. He earned the Chartered Financial Analyst designation in 1990
and is a member of the Association for Investment Management and Research, the
San Antonio Financial Analysts Society, Inc., and the National Federation of
Municipal Analysts. He holds an MS from the University of Wisconsin, Milwaukee
and a BS from Marquette University.
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USAA USAA INVESTMENT TRUST
EAGLE GNMA TRUST
LOGO
SUPPLEMENT DATED NOVEMBER 1, 1999
TO THE PROSPECTUS
DATED OCTOBER 1, 1999
AS A RESULT OF TWO RETIREMENTS THAT REQUIRED A REORGANIZATION OF OUR FIXED
INCOME INVESTMENTS AREA, PAGE 9 OF THE PROSPECTUS UNDER THE HEADING "PORTFOLIO
MANAGER" IS AMENDED TO REFLECT THE FOLLOWING CHANGE EFFECTIVE NOVEMBER 1, 1999.
Portfolio Manager
DONNA J. BAGGERLY, Assistant Vice President of Fixed Income Investments,
assumes portfolio management responsibilities of the GNMA Trust replacing
Kenneth E. Willmann.
Ms. Baggerly has 12 years investment management experience and has worked for
us for four years. Prior to joining us, Ms. Baggerly worked for Allstate
Insurance Company from December 1990 to October 1995. She earned the Chartered
Financial Analyst designation in 1998 and is a member of the Association for
Investment Management and Research and the San Antonio Financial Analysts
Society, Inc. She holds a BSB from Eastern Illinois University.
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