August 31, 2000
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C. 20549
Liberty-Stein Roe Funds Investment Trust
File Nos. 811-4978 and 33-11351
Ladies and Gentlemen:
Pursuant to the requirements of Rule 497(e), submitted for filing via EDGAR is a
prospectus supplements dated September 1, 2000 , which is now being used in
connection with the public offering and sale of shares of the Fund. Please be
advised that the Fund's Prospectus, as supplemented and Annual Report (each of
which was filed via EDGAR) have not been revised since the date of the last
filing.
Sincerely,
Liberty-Stein Roe Funds Investment Trust
/s/Vincent Pietropaolo
Vincent Pietropaolo
Assistant Secretary
Enclosures
<PAGE>
Supplement to Prospectuses
Stein Roe Asia Pacific Fund
Stein Roe Balanced Fund
Stein Roe Capital Opportunities Fund
Stein Roe Disciplined Stock Fund
Stein Roe International Fund
Stein Roe Large Company Focus Fund
Stein Roe Midcap Growth Fund
Stein Roe Small Company Growth Fund
Stein Roe Young Investor Fund
Stein Roe Intermediate Bond Fund
Stein Roe Income Fund
Stein Roe HighYield Fund
Stein Roe Cash Reserves Fund
Stein Roe High Yield Municipals Fund
Stein Roe Intermediate Municipals Fund
Stein Roe Municipal Money Market Fund
Stein Roe Managed Municipals Fund
The section entitled "BY PHONE" under the heading "SELLING SHARES" is replaced
with the following:
BY PHONE: You may sell your shares by telephone and request that a check be sent
to your address of record by calling 800-338-2550, unless you have notified the
Fund of an address change within the previous 30 days. The dollar limit for
telephone redemptions is $100,000 in a 30-day period. This feature is
automatically added to your account unless you decline it on your application.
September 1, 2000
S36-36/737C-0800
