FILE NO. 33-11351
                                                       RULE 497(e)


                    STEINROE INVESTMENT TRUST
                     SteinRoe Prime Equities

          Supplement to Prospectus dated September 1, 1995


     Effective February 1, 1996, SteinRoe Prime Equities will be 
renamed Stein Roe Growth & Income Fund, with the following 
investment objective:  "The Fund seeks to provide both growth of 
capital and current income."


         The Date of this Supplement is November 20, 1995



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