August 24, 2000
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C. 20549
Liberty-Stein Roe Funds Investment Trust
Liberty Small Company Growth Fund Class A
File Nos. 811-4978 and 33-11351
Ladies and Gentlemen:
Pursuant to the requirements of Rule 497(e), submitted for filing via EDGAR is
prospectus supplement dated August 21, 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/Russell Kane
Russell Kane
Assistant Secretary
Enclosures
Liberty Small Company Growth Fund
Class A
Supplement to Prospectus dated
August 1, 2000
The Fund is changing its primary benchmark from the S&P SmallCap 600 Index to
the Russell 2000 Growth Index, an unmanaged index that tracks the performance of
those Russell 2000 companies with higher price-to-book ratios and higher
forecasted growth values. The Russell 2000 Growth Index is more representative
of the Fund's small cap growth investment style and should allow for more
meaningful performance comparisons. For the 1-year, 5-year and 10-year periods
ended December 31, 1999, the average annual total returns for the Russell 2000
Growth Index were 43.09%, 18.99% and 13.51%, respectively.
This Supplement is dated August 21, 2000.
