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Allmerica Investment Trust (the "Trust")
(Supplement effective January 2, 1998 to Prospectus dated May 1, 1997)
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The information regarding the Small-Mid Cap Value Fund and the first footnote in
the fifth paragraph in the section entitled "How are the Funds Managed?" are
amended to read:
Small-Mid Cap Value Fund Cramer Rosenthal McGlynn, LLC*
*Cramer Rosenthal McGlynn, LLC assumed sub-adviser responsibilities from
CRM Advisors, LLC on January 2, 1998.
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The information under "Sub-Adviser" in the section entitled, "What are the
Investment Objectives and Policies?" for the Small-Mid Cap Value Fund is amended
to read:
Sub-Adviser: Cramer Rosenthal McGlynn, LLC ("CRM") serves as Sub-Adviser to the
Small-Mid Cap Value Fund. CRM provides advisory and sub-advisory services to
mutual funds with a total of over $200 million in assets under management. CRM
is owned by its active investment professionals, Cramer Rosenthal McGlynn, Inc.
("Cramer Rosenthal") and WT Investments, Inc., an indirect, wholly-owned
subsidiary of Wilmington Trust Corporation. Founded in 1973, Cramer Rosenthal
currently has over $2.5 billion in assets under management and provides
investment advice to individuals, state and local government agencies, pension
and profit sharing plans, trusts, estates, endowments and other organizations.
The Sub-Adviser is located at 707 Westchester Avenue, White Plains, New York
10604.
Dated: January 2, 1998
