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Allmerica Investment Trust (the "Trust")
Supplement effective August 11, 2000
to
Statement of Additional Information ("SAI")
dated May 1, 2000
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The following replaces the first paragraph under the heading "Repurchase
Agreements and Reverse Repurchase Agreements" in the section entitled,
"Investment Strategies and Techniques", on page 12 of the SAI:
Each Fund may enter into repurchase agreements. Under a repurchase
agreement, a Fund may purchase only instruments in which the Fund is
authorized to invest (except in the case of the Money Market Fund that such
instruments may have remaining maturities in excess of one year), with an
agreement that the seller will repurchase the obligation at an agreed upon
price and date. Normally, the instruments that are subject to repurchase
agreements are obligations issued or guaranteed by the U.S. Government, its
agencies or instrumentalities or high grade corporate debt securities. The
repurchase price reflects an agreed-upon interest rate which is unrelated
to the coupon rate on the purchased obligation. Repurchase agreements
usually are for short periods, such as under one week, but may be as long
as thirty days or more. No repurchase agreement will be effected if, as a
result, more than 30% of a Fund's total assets taken at current value will
be invested in repurchase agreements, except that the Money Market Fund may
invest up to 100% of its total assets in repurchase agreements. No more
than 15% (10% for the Money Market Fund) of a Fund's total assets taken at
current value will be invested in repurchase agreements extending for more
than seven days and in other securities which are not readily marketable.
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The second sentence of the third paragraph under the heading "Repurchase
Agreements and Reverse Repurchase Agreements" in the section entitled,
"Investment Strategies and Techniques", on page 12 of the SAI is amended as
follows:
Repurchase agreement guidelines have been established for use by the Funds'
Manager and Sub-Advisers.
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The chart containing information about the Trustees and Officers of the Trust
under the section entitled, "MANAGEMENT OF THE TRUST", on page 24 of the SAI is
amended relative to Cynthia A. Hargadon and information regarding Kristin L.
Bushard is included in the chart as follows:
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Positions Held Present Position and Principal
Name, Address and Age with the Trust(1) Occupations During the Past 5 Years
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**Cynthia A. Hargadon (45) Trustee President, Potomac Asset Management, May 2000 - present;
1880 Virginia Avenue Director of Investments, National Automobile Dealers
McLean, Virginia Association (retirement trust), 1999 - May 2000;
President, Stable Value Investment Association
(investment trade group), 1996 - 1998; Senior Vice
President and Chief Investment Officer, ICMA Retirement
Corporation (investment adviser), 1987 - 1996
Kristin L. Bushard (33)(2) Vice President Director, Investment Advisory Services - Allmerica Asset
440 Lincoln Street Management, Inc. since April 2000; Manager, Stable Value
Worcester, Massachusetts Products; and risk analyst and investment consultant with
First Allmerica, 1990 - April 2000.
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