STEIN ROE INCOME TRUST
497, 1998-10-01
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                   STEIN ROE INCOME TRUST
               Stein Roe Intermediate Bond Fund

          Supplement to Prospectus Dated February 2, 1998
                         ________________

     Effective October 1, 1998, through the close of business on 
November 30, 1998, the minimum initial amount that must be 
invested to open an Intermediate Bond Fund regular account under 
an automatic investment plan has been reduced from $1,000 to $500, 
provided that the automatic investment plan continue until the 
account has a value of at least $2,500.  (See How to Purchase 
Shares.)  If you buy shares through an Intermediary, the reduced 
minimum initial investment may not apply.

            This Supplement is Dated October 1, 1998


SRSUP9/98



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