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Filed Pursuant to Rule 497(d)
Registration No. 33-16439
ROBERTSON STEPHENS INVESTMENT TRUST
PROSPECTUS SUPPLEMENT DATED JANUARY 1, 1996
to Prospectus dated November 15, 1995
ROBERTSON STEPHENS CONTRARIAN FUND
Principally as a result of significant stock price appreciation, at the date of
this Prospectus Supplement, approximately 26% of the Contrarian Fund's total
assets were invested in common stock of Diamond Fields Resources, a Canadian
corporation. As a result, a decline in the stock price of Diamond Fields
Resources would have a significant adverse effect on the net asset value of the
Fund.
ROBERTSON STEPHENS VALUE + GROWTH FUND
The Value + Growth Fund has adopted a Distribution Plan, pursuant to which the
Fund will make payments to Robertson, Stephens & Company LLC ("RS&Co."), its
distributor, accrued daily and paid monthly, at the annual rate of 0.25% of the
Fund's average daily net assets, commencing on January 1, 1996. The
Distribution Plan is intended to compensate RS&Co. for the services it provides
and for the expenses it bears in connection with the offering of the Fund's
shares. Robertson, Stephens & Company Investment Management, L.P., the
Fund's investment adviser, has agreed to reduce the management fees payable to
it by an amount equal to the payments received by RS&Co. under the Distribution
Plan. The following information replaces the data provided on page 2 of the
Prospectus under the caption "Annual Fund Operating Expenses" with respect to
the Value + Growth Fund:
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Management Fees 1.00%
Rule 12b-1 Expenses 0.25%
Other Expenses 0.43%
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Total Fund Operating Expenses 1.68%
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