STEIN ROE INVESTMENT TRUST
497, 1999-04-29
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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 an automatic investment plan is 
now $100.  However, from April 29, 1999, through the close of 
business on July 30, 1999, this minimum has been reduced to $0, 
provided that the automatic investment plan continue at a monthly 
minimum investment of $50 until the account has a value of at 
least $1,000.  (See Your Account-Purchasing Shares.)

           This Supplement is Dated April 29, 1999




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