File No. 33-11351
Rule 497(e)
LIBERTY-STEIN ROE FUNDS INVESTMENT TRUST
(formerly named Stein Roe Investment Trust)
Stein Roe Balanced Fund
Stein Roe Growth & Income Fund
Stein Roe Growth Stock Fund
Stein Roe Midcap Growth Fund (formerly named Stein Roe
Growth Opportunities Fund)
Stein Roe Disciplined Stock Fund (formerly named Stein
Roe Special Fund)
Stein Roe Capital Opportunities Fund
Stein Roe Large Company Focus Fund
Supplement to February 1, 1999 Prospectus
_________________________
Name Change. The name of Stein Roe Investment Trust has changed
to Liberty-Stein Roe Funds Investment Trust. Stein Roe Growth &
Income Fund has been redesignated Stein Roe Growth & Income Fund,
Class S.
Defining Capitalization. In this prospectus, we refer frequently
to market capitalization as a means to distinguish among companies
based on their size. A company's market capitalization is simply
its stock price multiplied by the number of shares of stock it has
issued and outstanding. In the financial markets, companies
generally are sorted into one of three capitalization-based
categories: large capitalization (large cap); medium
capitalization (midcap); or small capitalization (small cap). In
defining a company's market capitalization, we use capitalization-
based categories as defined by Lipper, Inc. According to Lipper,
Inc., as of October 1999, large-cap companies had market
capitalizations greater than $8.2 billion, midcap companies had
market capitalizations between $1.9 and $8.2 billion and small-cap
companies had market capitalizations less than $1.9 billion.
These amounts are subject to change.
Portfolio Turnover. There are no limits on portfolio turnover.
Turnover may vary significantly form year to year. Stein Roe does
not expect it to exceed 100% under normal conditions. The Funds
generally intend to purchase securities for long-term investment
although, to a limited extent, the Funds may purchase securities
in anticipation of relatively short-term price gains. Portfolio
turnover typically produces capital gains or losses, resulting in
tax consequences for Fund investors. It also increases
transaction expenses, which reduces the Fund's return.
Stein Roe Large Company Focus Fund-Principal Investment Strategy.
Large Company Focus Fund invests in a limited number of large
capitalization companies that the portfolio manager believes have
above-average growth potential. As a "focus" fund, under normal
conditions, the Fund will primarily hold between 15-25 common
stocks. To select investments for the Fund, the portfolio manager
considers companies that are dominant in their particular
industries or markets that can generate consistent earnings
growth. The portfolio manager selects investments across many
sectors. Since the Fund is "non-diversified," the percentage of
assets that it may invest in any one issuer is not limited. The
Fund may invest up to 25% of its assets in foreign stocks.
This Supplement is Dated November 8, 1999
<PAGE>
LIBERTY-STEIN ROE FUNDS INVESTMENT TRUST
(formerly named Stein Roe Investment Trust)
Stein Roe Balanced Fund
Stein Roe Growth & Income Fund
Stein Roe Growth Stock Fund
Stein Roe Midcap Growth Fund (formerly named Stein Roe
Growth Opportunities Fund)
Stein Roe Disciplined Stock Fund (formerly named Stein
Roe Special Fund)
Stein Roe Capital Opportunities Fund
Stein Roe Large Company Focus Fund
Supplement to February 1, 1999 Statement of Additional Information
_________________________
The name of Stein Roe Investment Trust has changed to Liberty-
Stein Roe Funds Investment Trust effective October 18, 1999.
Stein Roe Growth & Income Fund has been redesignated Stein Roe
Growth & Income Fund, Class S.
This Supplement is Dated November 8, 1999
<PAGE>
LIBERTY-STEIN ROE FUNDS INVESTMENT TRUST
(formerly named Stein Roe Investment Trust)
Stein Roe International Fund
Supplement to February 1, 1999 Prospectus
_________________________
Name Change. The name of Stein Roe Investment Trust has changed
to Liberty-Stein Roe Funds Investment Trust.
Portfolio Turnover. There are no limits on portfolio turnover.
Turnover may vary significantly form year to year. Stein Roe does
not expect it to exceed 100% under normal conditions. The Fund
generally intends to purchase securities for long-term investment
although, to a limited extent, the Fund may purchase securities in
anticipation of relatively short-term price gains. Portfolio
turnover typically produces capital gains or losses, resulting in
tax consequences for Fund investors. It also increases
transaction expenses, which reduces the Fund's return.
This Supplement is Dated November 8, 1999
<PAGE>
LIBERTY-STEIN ROE FUNDS INVESTMENT TRUST
(formerly named Stein Roe Investment Trust)
Stein Roe International Fund
Supplement to February 1, 1999 Statement of Additional Information
_________________________
The name of Stein Roe Investment Trust changed to Liberty-Stein
Roe Funds Investment Trust effective October 18, 1999.
This Supplement is Dated November 8, 1999
<PAGE>
LIBERTY-STEIN ROE FUNDS INVESTMENT TRUST
(formerly named Stein Roe Investment Trust)
Stein Roe Young Investor Fund
Supplement to February 1, 1999 Prospectus
_________________________
Name Change. The name of Stein Roe Investment Trust has changed
to Liberty-Stein Roe Funds Investment Trust.
Portfolio Turnover. There are no limits on portfolio turnover.
Turnover may vary significantly form year to year. Stein Roe does
not expect it to exceed 100% under normal conditions. The Fund
generally intends to purchase securities for long-term investment
although, to a limited extent, the Fund may purchase securities in
anticipation of relatively short-term price gains. Portfolio
turnover typically produces capital gains or losses, resulting in
tax consequences for Fund investors. It also increases
transaction expenses, which reduces the Fund's return.
This Supplement is Dated November 8, 1999
<PAGE>
LIBERTY-STEIN ROE FUNDS INVESTMENT TRUST
(formerly named Stein Roe Investment Trust)
Stein Roe Young Investor Fund
Supplement to February 1, 1999 Statement of Additional Information
_________________________
The name of Stein Roe Investment Trust changed to Liberty-Stein
Roe Funds Investment Trust effective October 18, 1999.
This Supplement is Dated November 8, 1999
<PAGE>
LIBERTY-STEIN ROE FUNDS INVESTMENT TRUST
(formerly named Stein Roe Investment Trust)
Stein Roe Small Company Growth Fund
Supplement to February 2, 1999 Prospectus
_________________________
Name Change. The name of Stein Roe Investment Trust has changed
to Liberty-Stein Roe Funds Investment Trust.
Defining Capitalization. In this prospectus, we refer frequently
to market capitalization as a means to distinguish among companies
based on their size. A company's market capitalization is simply
its stock price multiplied by the number of shares of stock it has
issued and outstanding. In the financial markets, companies
generally are sorted into one of three capitalization-based
categories: large capitalization (large cap); medium
capitalization (midcap); or small capitalization (small cap). In
defining a company's market capitalization, we use capitalization-
based categories as defined by Lipper, Inc. According to Lipper,
Inc., as of October 1999, large-cap companies had market
capitalizations greater than $8.2 billion, midcap companies had
market capitalizations between $1.9 and $8.2 billion and small-cap
companies had market capitalizations less than $1.9 billion.
These amounts are subject to change.
Portfolio Turnover. There are no limits on portfolio turnover.
Turnover may vary significantly form year to year. Stein Roe does
not expect it to exceed 100% under normal conditions. The Fund
generally intends to purchase securities for long-term investment
although, to a limited extent, the Fund may purchase securities in
anticipation of relatively short-term price gains. Portfolio
turnover typically produces capital gains or losses, resulting in
tax consequences for Fund investors. It also increases
transaction expenses, which reduces the Fund's return.
This Supplement is Dated November 8, 1999
<PAGE>
LIBERTY-STEIN ROE FUNDS INVESTMENT TRUST
(formerly named Stein Roe Investment Trust)
Stein Roe Small Company Growth Fund
Supplement to February 2, 1999 Statement of Additional Information
_________________________
The name of Stein Roe Investment Trust has changed to Liberty-
Stein Roe Funds Investment Trust effective October 18, 1999.
This Supplement is Dated November 8, 1999
<PAGE>
LIBERTY-STEIN ROE FUNDS INVESTMENT TRUST
(formerly named Stein Roe Investment Trust)
Stein Roe Growth Investor Fund, Class S
Supplement to March 31, 1999 Prospectus
_________________________
Name Change. The name of Stein Roe Investment Trust has changed
to Liberty-Stein Roe Funds Investment Trust. Stein Roe Growth
Investor Fund has been redesignated Stein Roe Growth Investor
Fund, Class S.
Portfolio Turnover. There are no limits on portfolio turnover.
Turnover may vary significantly form year to year. Stein Roe does
not expect it to exceed 100% under normal conditions. The Fund
generally intends to purchase securities for long-term investment
although, to a limited extent, the Fund may purchase securities in
anticipation of relatively short-term price gains. Portfolio
turnover typically produces capital gains or losses, resulting in
tax consequences for Fund investors. It also increases
transaction expenses, which reduces the Fund's return.
This Supplement is Dated November 8, 1999
<PAGE>
LIBERTY-STEIN ROE FUNDS INVESTMENT TRUST
(formerly named Stein Roe Investment Trust)
Stein Roe Growth Investor Fund, Class S
Supplement to March 31, 1999 Statement of Additional Information
_________________________
The name of Stein Roe Investment Trust changed to Liberty-Stein
Roe Funds Investment Trust effective October 18, 1999. Stein Roe
Growth Investor Fund has been redesignated Stein Roe Growth
Investor Fund, Class S.
This Supplement is Dated November 8, 1999
<PAGE>
LIBERTY-STEIN ROE FUNDS INVESTMENT TRUST
(formerly named Stein Roe Investment Trust)
Stein Roe Asia Pacific Fund
Supplement to October 19, 1998 Prospectus
_________________________
Name Change. The name of Stein Roe Investment Trust has changed
to Liberty-Stein Roe Funds Investment Trust.
Portfolio Turnover. There are no limits on portfolio turnover.
Turnover may vary significantly form year to year. Stein Roe does
not expect it to exceed 100% under normal conditions. The Fund
generally intends to purchase securities for long-term investment
although, to a limited extent, the Fund may purchase securities in
anticipation of relatively short-term price gains. Portfolio
turnover typically produces capital gains or losses, resulting in
tax consequences for Fund investors. It also increases
transaction expenses, which reduces the Fund's return.
This Supplement is Dated November 8, 1999
<PAGE>
LIBERTY-STEIN ROE FUNDS INVESTMENT TRUST
(formerly named Stein Roe Investment Trust)
Stein Roe Asia Pacific Fund
Supplement to October 19, 1998 Statement of Additional Information
_________________________
The name of Stein Roe Investment Trust changed to Liberty-Stein
Roe Funds Investment Trust effective October 18, 1999.
This Supplement is Dated November 8, 1999
<PAGE>
LIBERTY-STEIN ROE FUNDS INVESTMENT TRUST
(formerly named Stein Roe Investment Trust)
Stein Roe Balanced Fund
Supplement to February 25, 1999 Defined Contribution
Plans Prospectus
_________________________
Name Change. The name of Stein Roe Investment Trust has changed
to Liberty-Stein Roe Funds Investment Trust.
Defining Capitalization. In this prospectus, we refer frequently
to market capitalization as a means to distinguish among companies
based on their size. A company's market capitalization is simply
its stock price multiplied by the number of shares of stock it has
issued and outstanding. In the financial markets, companies
generally are sorted into one of three capitalization-based
categories: large capitalization (large cap); medium
capitalization (midcap); or small capitalization (small cap). In
defining a company's market capitalization, we use capitalization-
based categories as defined by Lipper, Inc. According to Lipper,
Inc., as of October 1999, large-cap companies had market
capitalizations greater than $8.2 billion, midcap companies had
market capitalizations between $1.9 and $8.2 billion and small-cap
companies had market capitalizations less than $1.9 billion.
These amounts are subject to change.
Portfolio Turnover. There are no limits on portfolio turnover.
Turnover may vary significantly form year to year. Stein Roe does
not expect it to exceed 100% under normal conditions. The Fund
generally intends to purchase securities for long-term investment
although, to a limited extent, the Fund may purchase securities in
anticipation of relatively short-term price gains. Portfolio
turnover typically produces capital gains or losses, resulting in
tax consequences for Fund investors. It also increases
transaction expenses, which reduces the Fund's return.
This Supplement is Dated November 8, 1999
<PAGE>
LIBERTY-STEIN ROE FUNDS INVESTMENT TRUST
(formerly named Stein Roe Investment Trust)
Stein Roe Growth & Income Fund
Supplement to February 25, 1999 Defined Contribution
Plans Prospectus
_________________________
Name Change. The name of Stein Roe Investment Trust has changed
to Liberty-Stein Roe Funds Investment Trust. Stein Roe Growth &
Income Fund has been redesignated Stein Roe Growth & Income Fund,
Class S.
Defining Capitalization. In this prospectus, we refer frequently
to market capitalization as a means to distinguish among companies
based on their size. A company's market capitalization is simply
its stock price multiplied by the number of shares of stock it has
issued and outstanding. In the financial markets, companies
generally are sorted into one of three capitalization-based
categories: large capitalization (large cap); medium
capitalization (midcap); or small capitalization (small cap). In
defining a company's market capitalization, we use capitalization-
based categories as defined by Lipper, Inc. According to Lipper,
Inc., as of October 1999, large-cap companies had market
capitalizations greater than $8.2 billion, midcap companies had
market capitalizations between $1.9 and $8.2 billion and small-cap
companies had market capitalizations less than $1.9 billion.
These amounts are subject to change.
Portfolio Turnover. There are no limits on portfolio turnover.
Turnover may vary significantly form year to year. Stein Roe does
not expect it to exceed 100% under normal conditions. The Fund
generally intends to purchase securities for long-term investment
although, to a limited extent, the Fund may purchase securities in
anticipation of relatively short-term price gains. Portfolio
turnover typically produces capital gains or losses, resulting in
tax consequences for Fund investors. It also increases
transaction expenses, which reduces the Fund's return.
This Supplement is Dated November 8, 1999
<PAGE>
LIBERTY-STEIN ROE FUNDS INVESTMENT TRUST
(formerly named Stein Roe Investment Trust)
Stein Roe Growth Stock Fund
Supplement to February 25, 1999 Defined Contribution
Plans Prospectus
_________________________
Name Change. The name of Stein Roe Investment Trust has changed
to Liberty-Stein Roe Funds Investment Trust.
Defining Capitalization. In this prospectus, we refer frequently
to market capitalization as a means to distinguish among companies
based on their size. A company's market capitalization is simply
its stock price multiplied by the number of shares of stock it has
issued and outstanding. In the financial markets, companies
generally are sorted into one of three capitalization-based
categories: large capitalization (large cap); medium
capitalization (midcap); or small capitalization (small cap). In
defining a company's market capitalization, we use capitalization-
based categories as defined by Lipper, Inc. According to Lipper,
Inc., as of October 1999, large-cap companies had market
capitalizations greater than $8.2 billion, midcap companies had
market capitalizations between $1.9 and $8.2 billion and small-cap
companies had market capitalizations less than $1.9 billion.
These amounts are subject to change.
Portfolio Turnover. There are no limits on portfolio turnover.
Turnover may vary significantly form year to year. Stein Roe does
not expect it to exceed 100% under normal conditions. The Fund
generally intends to purchase securities for long-term investment
although, to a limited extent, the Fund may purchase securities in
anticipation of relatively short-term price gains. Portfolio
turnover typically produces capital gains or losses, resulting in
tax consequences for Fund investors. It also increases
transaction expenses, which reduces the Fund's return.
This Supplement is Dated November 8, 1999
<PAGE>
LIBERTY-STEIN ROE FUNDS INVESTMENT TRUST
(formerly named Stein Roe Investment Trust)
Stein Roe Midcap Growth Fund (formerly named
Stein Roe Growth Opportunities Fund)
Supplement to February 25, 1999 Defined Contribution
Plans Prospectus
_________________________
Name Change. The name of Stein Roe Investment Trust has changed
to Liberty-Stein Roe Funds Investment Trust.
Defining Capitalization. In this prospectus, we refer frequently
to market capitalization as a means to distinguish among companies
based on their size. A company's market capitalization is simply
its stock price multiplied by the number of shares of stock it has
issued and outstanding. In the financial markets, companies
generally are sorted into one of three capitalization-based
categories: large capitalization (large cap); medium
capitalization (midcap); or small capitalization (small cap). In
defining a company's market capitalization, we use capitalization-
based categories as defined by Lipper, Inc. According to Lipper,
Inc., as of October 1999, large-cap companies had market
capitalizations greater than $8.2 billion, midcap companies had
market capitalizations between $1.9 and $8.2 billion and small-cap
companies had market capitalizations less than $1.9 billion.
These amounts are subject to change.
Portfolio Turnover. There are no limits on portfolio turnover.
Turnover may vary significantly form year to year. Stein Roe does
not expect it to exceed 100% under normal conditions. The Fund
generally intends to purchase securities for long-term investment
although, to a limited extent, the Fund may purchase securities in
anticipation of relatively short-term price gains. Portfolio
turnover typically produces capital gains or losses, resulting in
tax consequences for Fund investors. It also increases
transaction expenses, which reduces the Fund's return.
This Supplement is Dated November 8, 1999
<PAGE>
LIBERTY-STEIN ROE FUNDS INVESTMENT TRUST
(formerly named Stein Roe Investment Trust)
Stein Roe Disciplined Stock Fund (formerly
named Stein Roe Special Fund)
Supplement to February 25, 1999 Defined Contribution
Plans Prospectus
_________________________
Name Change. The name of Stein Roe Investment Trust has changed
to Liberty-Stein Roe Funds Investment Trust.
Defining Capitalization. In this prospectus, we refer frequently
to market capitalization as a means to distinguish among companies
based on their size. A company's market capitalization is simply
its stock price multiplied by the number of shares of stock it has
issued and outstanding. In the financial markets, companies
generally are sorted into one of three capitalization-based
categories: large capitalization (large cap); medium
capitalization (midcap); or small capitalization (small cap). In
defining a company's market capitalization, we use capitalization-
based categories as defined by Lipper, Inc. According to Lipper,
Inc., as of October 1999, large-cap companies had market
capitalizations greater than $8.2 billion, midcap companies had
market capitalizations between $1.9 and $8.2 billion and small-cap
companies had market capitalizations less than $1.9 billion.
These amounts are subject to change.
Portfolio Turnover. There are no limits on portfolio turnover.
Turnover may vary significantly form year to year. Stein Roe does
not expect it to exceed 100% under normal conditions. The Fund
generally intends to purchase securities for long-term investment
although, to a limited extent, the Fund may purchase securities in
anticipation of relatively short-term price gains. Portfolio
turnover typically produces capital gains or losses, resulting in
tax consequences for Fund investors. It also increases
transaction expenses, which reduces the Fund's return.
This Supplement is Dated November 8, 1999
<PAGE>
LIBERTY-STEIN ROE FUNDS INVESTMENT TRUST
(formerly named Stein Roe Investment Trust)
Stein Roe Capital Opportunities Fund
Supplement to February 25, 1999 Defined Contribution
Plans Prospectus
_________________________
Name Change. The name of Stein Roe Investment Trust has changed
to Liberty-Stein Roe Funds Investment Trust.
Defining Capitalization. In this prospectus, we refer frequently
to market capitalization as a means to distinguish among companies
based on their size. A company's market capitalization is simply
its stock price multiplied by the number of shares of stock it has
issued and outstanding. In the financial markets, companies
generally are sorted into one of three capitalization-based
categories: large capitalization (large cap); medium
capitalization (midcap); or small capitalization (small cap). In
defining a company's market capitalization, we use capitalization-
based categories as defined by Lipper, Inc. According to Lipper,
Inc., as of October 1999, large-cap companies had market
capitalizations greater than $8.2 billion, midcap companies had
market capitalizations between $1.9 and $8.2 billion and small-cap
companies had market capitalizations less than $1.9 billion.
These amounts are subject to change.
Portfolio Turnover. There are no limits on portfolio turnover.
Turnover may vary significantly form year to year. Stein Roe does
not expect it to exceed 100% under normal conditions. The Fund
generally intends to purchase securities for long-term investment
although, to a limited extent, the Fund may purchase securities in
anticipation of relatively short-term price gains. Portfolio
turnover typically produces capital gains or losses, resulting in
tax consequences for Fund investors. It also increases
transaction expenses, which reduces the Fund's return.
This Supplement is Dated November 8, 1999
<PAGE>
LIBERTY-STEIN ROE FUNDS INVESTMENT TRUST
(formerly named Stein Roe Investment Trust)
Stein Roe Large Company Focus Fund
Supplement to February 25, 1999 Defined Contribution
Plans Prospectus
_________________________
Name Change. The name of Stein Roe Investment Trust has changed
to Liberty-Stein Roe Funds Investment Trust.
Defining Capitalization. In this prospectus, we refer frequently
to market capitalization as a means to distinguish among companies
based on their size. A company's market capitalization is simply
its stock price multiplied by the number of shares of stock it has
issued and outstanding. In the financial markets, companies
generally are sorted into one of three capitalization-based
categories: large capitalization (large cap); medium
capitalization (midcap); or small capitalization (small cap). In
defining a company's market capitalization, we use capitalization-
based categories as defined by Lipper, Inc. According to Lipper,
Inc., as of October 1999, large-cap companies had market
capitalizations greater than $8.2 billion, midcap companies had
market capitalizations between $1.9 and $8.2 billion and small-cap
companies had market capitalizations less than $1.9 billion.
These amounts are subject to change.
Portfolio Turnover. There are no limits on portfolio turnover.
Turnover may vary significantly form year to year. Stein Roe does
not expect it to exceed 100% under normal conditions. The Fund
generally intends to purchase securities for long-term investment
although, to a limited extent, the Fund may purchase securities in
anticipation of relatively short-term price gains. Portfolio
turnover typically produces capital gains or losses, resulting in
tax consequences for Fund investors. It also increases
transaction expenses, which reduces the Fund's return.
Principal Investment Strategy. Large Company Focus Fund invests
in a limited number of large capitalization companies that the
portfolio manager believes have above-average growth potential.
As a "focus" fund, under normal conditions, the Fund will
primarily hold between 15-25 common stocks. To select investments
for the Fund, the portfolio manager considers companies that are
dominant in their particular industries or markets that can
generate consistent earnings growth. The portfolio manager
selects investments across many sectors. Since the Fund is "non-
diversified," the percentage of assets that it may invest in any
one issuer is not limited. The Fund may invest up to 25% of its
assets in foreign stocks.
This Supplement is Dated November 8, 1999
<PAGE>
LIBERTY-STEIN ROE FUNDS INVESTMENT TRUST
(formerly named Stein Roe Investment Trust)
Stein Roe Young Investor Fund
Supplement to February 25, 1999 Defined Contribution
Plans Prospectus
_________________________
Name Change. The name of Stein Roe Investment Trust has changed
to Liberty-Stein Roe Funds Investment Trust.
Portfolio Turnover. There are no limits on portfolio turnover.
Turnover may vary significantly form year to year. Stein Roe does
not expect it to exceed 100% under normal conditions. The Fund
generally intends to purchase securities for long-term investment
although, to a limited extent, the Fund may purchase securities in
anticipation of relatively short-term price gains. Portfolio
turnover typically produces capital gains or losses, resulting in
tax consequences for Fund investors. It also increases
transaction expenses, which reduces the Fund's return.
This Supplement is Dated November 8, 1999
<PAGE>
LIBERTY-STEIN ROE FUNDS INVESTMENT TRUST
(formerly named Stein Roe Investment Trust)
Stein Roe Small Company Growth Fund
Supplement to February 25, 1999 Defined Contribution
Plans Prospectus
_________________________
Name Change. The name of Stein Roe Investment Trust has changed
to Liberty-Stein Roe Funds Investment Trust.
Defining Capitalization. In this prospectus, we refer frequently
to market capitalization as a means to distinguish among companies
based on their size. A company's market capitalization is simply
its stock price multiplied by the number of shares of stock it has
issued and outstanding. In the financial markets, companies
generally are sorted into one of three capitalization-based
categories: large capitalization (large cap); medium
capitalization (midcap); or small capitalization (small cap). In
defining a company's market capitalization, we use capitalization-
based categories as defined by Lipper, Inc. According to Lipper,
Inc., as of October 1999, large-cap companies had market
capitalizations greater than $8.2 billion, midcap companies had
market capitalizations between $1.9 and $8.2 billion and small-cap
companies had market capitalizations less than $1.9 billion.
These amounts are subject to change.
Portfolio Turnover. There are no limits on portfolio turnover.
Turnover may vary significantly form year to year. Stein Roe does
not expect it to exceed 100% under normal conditions. The Fund
generally intends to purchase securities for long-term investment
although, to a limited extent, the Fund may purchase securities in
anticipation of relatively short-term price gains. Portfolio
turnover typically produces capital gains or losses, resulting in
tax consequences for Fund investors. It also increases
transaction expenses, which reduces the Fund's return.
This Supplement is Dated November 8, 1999
