USAA USAA INVESTMENT TRUST
EAGLE INCOME STRATEGY FUND
LOGO BALANCED STRATEGY FUND
SUPPLEMENT DATED MARCH 1, 2000
TO EACH FUND'S PROSPECTUS
DATED OCTOBER 1, 1999
Page 12 of each Fund's Prospectus under the heading "Portfolio Managers" is
amended to reflect the following change effective March 1, 2000.
PORTFOLIO MANAGERS
DAVID G. PARSONS, Assistant Vice President of Equity Investments, assumes
portfolio management responsibilities of the Stocks investment category of the
Income Strategy Fund and Balanced Strategy Fund replacing Patrick O'Hare, who
will now manage the USAA Growth Fund. Mr. Parsons will also act as the asset
allocation manager of the Balanced Strategy Fund.
Mr. Parsons has 16 years investment management experience working for us. He
earned the Chartered Financial Analyst designation in 1986 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 University of Texas,
an MA from Southern Illinois University, and a BA from Austin College, Texas.
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE 35664-0300
