File No. 33-11351
Rule 497(e)
STEINROE INVESTMENT TRUST
SteinRoe International Fund
Supplement to February 1, 1995 Statement of Additional Information
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Transfer Agency Fees. Effective May 1, 1995, the fees for
transfer agency services described in this Statement of Additional
information under the caption Transfer Agent have been changed.
The revised fee schedule calls for the Fund to pay to SteinRoe
Services Inc. at an annual rate of 0.22% of the Fund's average
daily net assets.
Investment Adviser. Effective June 15, 1995, Stein Roe &
Farnham Incorporated (the "Adviser") will assume responsibility
for management of the Fund's portfolio through its Global Capital
Management Division. Until June 15, 1995, the Fund's portfolio
will continue to be managed by a team of investment professionals
employed by the Fund's sub-adviser, Rockefeller & Co.
Additional Investment Considerations. The Adviser seeks to
provide superior long-term investment results through a
disciplined, research-intensive approach to investment selection
and prudent risk management. It has worked to build wealth for
generations by being guided by three primary objectives which it
believes are the foundation of a successful investment program.
These objectives are preservation of capital, limited volatility
through managed risk, and consistent above-average returns.
Because every investor's needs are different, SteinRoe mutual
funds are designed to accommodate different investment objectives,
risk tolerance levels, and time horizons. In selecting a mutual
fund, investors should ask the following questions:
What are my investment goals?
It is important to a choose a fund that has investment objectives
compatible with your investment goal.
What is my investment time frame?
If you have a short investment time frame (e.g., less than three
years), a mutual fund that seeks to provide a stable share price,
such as a money market fund, or one that seeks capital
preservation as one of its objectives may be appropriate. If you
have a longer investment time frame, you may seek to maximize your
investment returns by investing in a mutual fund that offers
greater yield or appreciation potential in exchange for greater
investment risk.
What is my tolerance for risk?
All investments, including those in mutual funds, have risks which
will vary depending on investment objective and security type.
However, mutual funds seek to reduce risk through professional
investment management and portfolio diversification.
In general, equity mutual funds emphasize long-term capital
appreciation and tend to have more volatile net asset values than
bond or money market mutual funds. Although there is no guarantee
that they will be able to maintain a stable net asset value of
$1.00 per share, money market funds emphasize safety of principal
and liquidity, but tend to offer lower income potential than bond
funds. Bond funds tend to offer higher income potential than
money market funds but tend to have greater risk of principal and
yield volatility.
The Date of this Supplement is September 1, 1995.
