STEIN ROE INVESTMENT TRUST
Stein Roe Emerging Markets Fund
Stein Roe International Fund
Supplement to Prospectus dated February 2, 1998
Effective October 26, 1998, the portfolio manager for Stein
Roe Emerging Markets Fund and Stein Roe International Fund is Gita
Rao who is jointly employed by Colonial Management Associates,
Inc. ("CMA") and Stein Roe & Farnham Incorporated (each of which
is an indirect wholly owned subsidiary of Liberty Financial
Companies, Inc.). Ms. Rao, has co-managed the Colonial Global
Equity Fund and the Colonial International Horizons Fund since
1996. Prior to joining the CMA in 1995, Ms. Rao was a
quantitative research analyst at Fidelity Management & Research
Company, and a Vice President in the equity research group at
Kidder, Peabody and Company.
The Adviser may use both its own trading facilities and those
of CMA to place orders for the purchase and sale of portfolio
securities for the Funds. For trades placed through CMA, in
selecting broker-dealers, the Adviser may direct CMA to consider
research and brokerage services furnished to the Adviser.
This Supplement is Dated October 26, 1998
