ALLMERICA INVESTMENT TRUST
PROSPECTUS SUPPLEMENT DATED JANUARY 4, 1996
(Supplement to Prospectus Dated May 1, 1995)
GROWTH FUND
On January 3, 1996, Morgan Stanley Group Inc. acquired Miller Anderson &
Sherrerd, LLP (the "Sub-Adviser") in a transaction in which Morgan Stanley
Asset Management Holdings Inc., an indirect wholly owned subsidiary of Morgan
Stanley Group Inc., became the sole general partner of the Sub-Adviser.
Morgan Stanley Asset Management Holdings Inc. and two other wholly owned
subsidiaries of Morgan Stanley Group Inc. became the limited partners of the
Sub-Adviser.
In connection with this transaction, the Sub-Adviser entered into a new Sub-
Adviser Agreement with Allmerica Investment Management Company, Inc., dated as
of January 3, 1996, which Agreement was approved by the shareholders of the
Growth Fund at a special meeting held on October 18, 1995. The Sub-Adviser
will retain its name and remain at its current location, One Tower Bridge,
West Conshohocken, PA 19428. The Sub-Adviser will continue to provide
investment advisory services to employee benefit plans, endowments,
foundations, and other institutional investors, including registered
investment companies.
