<PAGE>
Rule 497(e)
R-33-16439
GLOBAL VALUE FUND PROSPECTUS SUPPLEMENT
TO PROSPECTUS DATED APRIL 1, 1997
The unaudited financial highlights presented below for the Global Value
Fund relate to the period April 1, 1997 to June 30, 1997. The unaudited
financial statements for that Fund for that period are incorporated by reference
into the Statement of Additional Information and may be obtained by shareholders
upon request.
Financial Highlights - Class A Shares
For the
For a share outstanding Period Ended
throughout each period: June 30,1997 (1)(unaudited)
- --------------------------------------------------------------------------------
Net Asset Value, beginning of period $ 10.00
Net investment income 0.06
Net realized gain and unrealized appreciation on investments 0.63
- --------------------------------------------------------------------------------
Net Increase in Net Assets Resulting From Operations 0.69
Distributions from net investment income --
Distributions from realized gain on investments --
Net Asset Value, end of period $ 10.69
Total Return 6.90%
Ratios/Supplemental Data
- --------------------------------------------------------------------------------
Net Assets, end of period (000s) $ 16,403
Ratio of Expenses to Average Net Assets 1.95%(2)
Ratio of Net Investment Income to Average Net Assets 2.80%(2)
Portfolio Turnover Rate 57%
Average Commission Rate Paid(3) $ 0.0264
- -------------------------
(1) Class A shares were first issued on April 1, 1997.
(2) If the Fund had paid all of its expenses and there had been no
reimbursement from the Adviser, total return would have been 6.5%,
the ratio of expenses to average net assets would have been 4.42%,
and the ratio of net investment income to average net assets would
have been 0.33%.
(3) A fund is required to disclose its average commission rate per
share for security trades on which a commission is charged. This
amount may vary from fund to fund and period to period depending
on the mix of trades executed in various markets where trading
practices and commission rate structures may differ. This rate
generally does not reflect markups, markdowns or spreads on shares
traded on a principle basis, if any.
Ratios, except for total return and portfolio turnover rate, have been
annualized.
Per-share data with the respect to Class A Shares for the period has been
determined by using the average number of Class A shares outstanding
throughout the period. Distributions reflect actual per-share amounts
distributed for the year.
The accompanying notes are an integral part of these financial statements.
December 3, 1997
ROBERTSON STEPHENS INVESTMENT TRUST
<PAGE>
Rule 497(e)
R-33-16439
ROBERTSON STEPHENS INVESTMENT TRUST
Supplement to Statement of Additional Information
dated April 1, 1997
The financial highlights and financial statements in respect of the
Robertson Stephens Global Value Fund, included in the Semi-Annual Report of that
Fund for the period ended June 30, 1997, filed electronically on September 30,
1997 (File No. 811-5159), are incorporated into this Statement of Additional
Information by reference.
December 3, 1997
