File No. 33-11351
Rule 497(e)
STEIN ROE INVESTMENT TRUST
Stein Roe Capital Opportunities Fund
Supplement to Feb. 1, 1999 Prospectus
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Effective May 6, 1999, the portfolio managers of Stein Roe
Capital Opportunities Fund are Erik P. Gustafson and David P.
Brady. Mr. Gustafson joined Stein Roe & Farnham Incorporated in
1992 as a portfolio manager for privately managed accounts and is
a senior vice president. He is portfolio manager of SR&F Growth
Investor Portfolio (the master fund of Stein Roe Young Investor
Fund and Stein Roe Growth Investor Fund) and SR&F Growth Stock
Portfolio. Mr. Brady joined Stein Roe in 1993 as an associate
portfolio manager of Stein Roe Special Fund and is a senior vice
president. He is portfolio manager of SR&F Growth Investor
Portfolio and Stein Roe Large Company Focus Fund and associate
portfolio manager of SR&F Growth Stock Portfolio.
This Supplement is Dated May 19, 1999