File No. 33-11351
Rule 497(e)
STEIN ROE INVESTMENT TRUST
Stein Roe Midcap Growth Fund
Supplement to Prospectus dated February 2, 1999
Effective June 21, 1999 Arthur J. McQueen will take over as sole
portfolio manager of Stein Roe Midcap Growth Fund. Mr. McQueen
has been co-manager of the Fund since its inception in 1997. Mr.
McQueen has been employed by Stein Roe as an analyst since 1987
and is currently a senior vice president. He received a B.S.
degree from Villanova University and an M.B.A. degree from Wharton
School of the University of Pennsylvania.
This Supplement is Dated June 21, 1999
