STEIN ROE INCOME TRUST
Bond Funds
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Stein Roe Limited Maturity Income Fund
Stein Roe Government Income Fund
Stein Roe Intermediate Bond Fund
Stein Roe Income Fund
Supplement to Prospectus dated July 1, 1996
The Board of Trustees of Stein Roe Income Trust voted on
September 13, 1996 to liquidate and terminate Stein Roe
Limited Maturity Income Fund. The Board directed that sales
of Fund shares be suspended as of September 16, 1996, and
that distribution to remaining shareholders be made on
October 18, 1996.
The Board's decision to terminate Limited Maturity
Income Fund was prompted primarily by the Fund's relatively
small size and the belief that, given current economic
conditions, it would not be likely to attract significant
new assets in the near future. Funds of nominal asset size
generally tend to be inefficient for shareholders--they may
have higher expense ratios and less investment flexibility
and, consequently, lower returns over the long term.
This Supplement is Dated September 16, 1996
