File No. 33-11351
Rule 497(e)
Stein Roe Capital Opportunities Fund
a series of Stein Roe Investment Trust
Supplement to Prospectus dated February 3, 1997
_____________________
Stein Roe Capital Opportunities Fund (the "Fund") will
open to new investors on March 31, 1997.
The Fund was closed to new investors for several months
(as described in the prospectus at page 27) in order to
facilitate management of the Fund's portfolio. The closing
was prompted by very large net cash inflow that, if it had
continued, might have hindered effective portfolio
management.
The Adviser intends to continue to monitor the Fund's
cash inflow, and the Fund reserves the right to re-close to
new investors without prior notice if its Board of Trustees
determines it advisable to do so.
This Supplement is Dated March 24, 1997
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Stein Roe Capital Opportunities Fund
a series of Stein Roe Investment Trust
Supplement to Defined Contribution Plans Prospectus
dated February 3, 1997
_____________________
Stein Roe Capital Opportunities Fund (the "Fund") will
open to new investors on March 31, 1997.
The Fund was closed to new investors for several months
(as described in the prospectus at page 7) in order to
facilitate management of the Fund's portfolio. The closing
was prompted by very large net cash inflow that, if it had
continued, might have hindered effective portfolio
management.
The Adviser intends to continue to monitor the Fund's
cash inflow, and the Fund reserves the right to re-close to
new investors without prior notice if its Board of Trustees
determines it advisable to do so.
This Supplement is Dated March 24, 1997
