LIBERTY MIDCAP GROWTH FUND
Class A, B and C Shares
SUPPLEMENT TO PROSPECTUS DATED AUGUST 1, 2000
The Prospectus is revised as follows:
The table entitled "EXAMPLE EXPENSES" under the heading "YOUR EXPENSES" is
replaced with the following:
<TABLE>
<CAPTION>
Expenses Example (your actual costs may be high or lower)
<S> <C> <C> <C> <C> <C> <C>
Class 1 Year 3 Years 5 Years 10 Years
Class A $728 $1,091 $1,476 $2,554
--------------------------------------- ---------- ----------- ----------- -----------
Class B: did not sell your
shares $228 $744 $1,288 $2,586
sold all your shares at
the end of the period $728 $1,044 $1,488 $2,586
--------------------------------------- ---------- ----------- ----------- -----------
Class C: did not sell your
shares $228 $744 $1,288 $2,771
sold all your shares at
the end of the period $328 $744 $1,288 $2,771
</TABLE>
August 10 , 2000
796-36/558C-0800
August 11, 2000
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C. 20549
Liberty-Stein Roe Funds Investment Trust
Liberty Midcap Growth Fund
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 supplement dated August , 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 Statement of Additional Information 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
