File No. 2-99357
Rule 497(e)
STEIN ROE MUNICIPAL TRUST
Stein Roe Municipal Money Market Fund
Stein Roe Intermediate Municipals Fund
Stein Roe Managed Municipals Fund
Stein Roe High-Yield Municipals Fund
Supplement to November 1, 1999 Statement of Additional Information
The last sentence of the third paragraph in the description of
Municipal Securities found in the Glossary section of this
Statement of Additional Information (page 52) has been changed to
read as follows:
"Each Fund may invest more than 5% of its net assets
in the Municipal Securities described in this paragraph."
This Supplement is dated February 17, 2000
