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STEIN ROE INCOME TRUST
Bond Funds
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Stein Roe Intermediate Bond Fund
Stein Roe Income Fund
Stein Roe High Yield Fund
Supplement to February 2, 1998 Statement of Additional Information
The following is hereby added to the section of the Statement
of Additional Information entitled Purchases and Redemptions:
"Purchases Through Third Parties. You may purchase (or
redeem) shares through certain broker-dealers, banks, or other
intermediaries ("Intermediaries"). These Intermediaries may
charge for their services or place limitations on the extent to
which you may use the services offered by Income Trust. There are
no charges or limitations imposed by Income Trust, other than
those described in the prospectus, if shares are purchased (or
redeemed) directly from Income Trust.
"Some Intermediaries that maintain nominee accounts with the
Funds for their clients for whom they hold Fund shares charge an
annual fee of up to 0.35% of the average net assets held in such
accounts for accounting, servicing, and distribution services they
provide with respect to the underlying Fund shares. The Adviser
and the Funds' transfer agent share in the expense of these fees,
and the Adviser pays all sales and promotional expenses."
This Supplement is Dated July 1, 1998
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STEIN ROE INCOME TRUST
Stein Roe Cash Reserves Fund
Supplement to March 2, 1998 Statement of Additional Information
The following is hereby added to the section of the Statement
of Additional Information entitled Purchases and Redemptions:
"Purchases Through Third Parties. You may purchase (or
redeem) shares through certain broker-dealers, banks, or other
intermediaries ("Intermediaries"). These Intermediaries may
charge for their services or place limitations on the extent to
which you may use the services offered by Income Trust. There are
no charges or limitations imposed by Income Trust, other than
those described in the prospectus, if shares are purchased (or
redeemed) directly from Income Trust.
"Some Intermediaries that maintain nominee accounts with the
Fund for their clients for whom they hold Fund shares charge an
annual fee of up to 0.35% of the average net assets held in such
accounts for accounting, servicing, and distribution services they
provide with respect to the underlying Fund shares. The Adviser
and the Fund's transfer agent share in the expense of these fees,
and the Adviser pays all sales and promotional expenses."
This Supplement is Dated July 1, 1998
