STEIN ROE INVESTMENT TRUST
497, 1999-08-13
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                                                 File No. 33-11351
                                                 Rule 497(e)


                  STEIN ROE INVESTMENT TRUST
                 Stein Roe Young Investor Fund

             Supplement to Feb. 2, 1999 Prospectus
                        ________________

The minimum initial amount that must be invested to open a Young
Investor Fund account under the automatic investment plan is $100.
The automatic investment plan must continue until your account has
a value of at least $1,000 (for custodial accounts) or $2,500 (for
regular accounts).


             This Supplement is Dated August 13, 1999




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