File No. 33-11351
Rule 497(e)
STEIN ROE GROWTH & INCOME FUND
A SERIES OF STEIN ROE INVESTMENT TRUST
SUPPLEMENT TO PROSPECTUS DATED FEBRUARY 1, 1999
________________________
As of November 15, 1999, the current shares of Stein Roe Growth &
Income Fund (the "Fund") will be redesignated Class S shares.
Each share of the Fund outstanding on that date will thereafter be
a Class S share of the Fund. Like the existing shares from which
they are being converted, these Class S shares are no-load shares
carrying no sales charge or 12b-1 fee.
As of the close of business October 31, 1999, the shares of the
Fund to be designated Class S shares will no longer be available
for purchase by new investors except for purchases by eligible
investors as described below.
If you are already a shareholder of the Fund, you may continue to
purchase additional Class S shares of the Fund for your account or
you may open another Class S share account with the Fund.
In addition, you may open a new Class S share account if:
* as of October 31, 1999, you are a shareholder of any other Stein
Roe Fund, having purchased shares directly from Stein Roe, and
you are opening a new account by exchange or by dividend
reinvestment as described in the prospectus;
* you are a client of the Fund's investment adviser, Stein Roe &
Farnham Incorporated;
* you purchase shares (i) under an asset allocation program
sponsored by a financial advisor, broker-dealer, bank, trust
company or other intermediary or (ii) from certain financial
advisors who charge a fee for services and who, as of October
31, 1999, held shares of Growth & Income Fund for its clients;
or
* you purchase shares for an employee benefit plan whose records
are maintained by a trust company or plan administrator under an
investment program that included Growth & Income Fund on October
31, 1999.
If you have questions about your eligibility to purchase shares of
the Fund, please call 800-338-2550.
This Supplement is Dated August 30, 1999
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STEIN ROE GROWTH & INCOME FUND
A SERIES OF STEIN ROE INVESTMENT TRUST
SUPPLEMENT TO DEFINED CONTRIBUTION PLANS PROSPECTUS
DATED FEBRUARY 25, 1999
_______________________
As of November 15, 1999, the current shares of Stein Roe Growth &
Income Fund (the "Fund") will be redesignated Class S shares.
Each share of the Fund outstanding on that date will thereafter be
a Class S share of the Fund. Like the existing shares from which
they are being converted, these Class S shares are no-load shares
carrying no sales charge or 12b-1 fee.
As of the close of business October 31, 1999, the shares of the
Fund to be designated Class S shares will no longer be available
for purchase by new investors except for purchases by eligible
investors as described below.
If you are already a shareholder of the Fund, you may continue to
purchase additional Class S shares of the Fund for your account or
you may open another Class S share account with the Fund.
In addition, you may open a new Class S share account if:
* as of October 31, 1999, you are a shareholder of any other Stein
Roe Fund, having purchased shares directly from Stein Roe, and
you are opening a new account by exchange or by dividend
reinvestment as described in the prospectus;
* you are a client of the Fund's investment adviser, Stein Roe &
Farnham Incorporated;
* you purchase shares (i) under an asset allocation program
sponsored by a financial advisor, broker-dealer, bank, trust
company or other intermediary or (ii) from certain financial
advisors who charge a fee for services and who, as of October
31, 1999, held shares of Growth & Income Fund for its clients;
or
* you purchase shares for an employee benefit plan whose records
are maintained by a trust company or plan administrator under an
investment program that included Growth & Income Fund on October
31, 1999.
If you have questions about your eligibility to purchase shares of
the Fund, please call 800-338-2550.
This Supplement is Dated August 30, 1999
