File No. 33-11351
Rule 497(e)
STEIN ROE BALANCED FUND,
a series of Liberty-Stein Roe Funds Investment Trust
Supplement to Prospectus Dated February 1, 2000
There is a typographical error in this prospectus with respect to
the 1999 performance of Balanced Fund. The Fund's performance for
calendar year 1999 in the bar chart on page 5 and the table on
page 6 which was shown as 47.95% should have been 12.26%. In
addition, the worst quarter was the third quarter of 1990, not the
third quarter of 1998. The corrected bar chart and table are as
follows:
[bar chart]
YEAR-BY-YEAR TOTAL RETURNS
45%
40%
35%
30%
25% 29.59%
20% 22.65%
15% 17.05% 17.47%
10% 12.34% 12.19% 12.26%
5% 7.89%
0%
- -5% -1.72% -4.12%
1990 1991 1992 1993 1994 1995 1996 1997 1998 1999
[ ] Balanced Fund
[end of bar chart]
Best quarter: 4th quarter 1998, +12.53%
Worst quarter: 3rd quarter, 1990, -9.49%
AVERAGE ANNUAL TOTAL RETURNS
Periods ending December 31, 1999
1 yr 5 yr 10 yr
- --------------------------------------------------------
Balanced Fund 12.26% 16.26% 12.13%
S&P 500 Index* 21.03% 28.54% 18.19%
*The S&P 500 Index is an unmanaged group of stocks that differs
from the Fund's composition; it is not available for direct
investment.
This Supplement is Dated February 11, 2000
