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RS INVESTMENT TRUST
PROSPECTUS SUPPLEMENT
TO PROSPECTUS DATED MAY 1, 2000
SUMMARY INFORMATION
Objective, Principal Investment Strategies, and Principal Risks
RS MIDCAP OPPORTUNITIES FUND
The first sentence of the section "Principal Investment Strategies" on page 16
of the Prospectus is replaced with the following:
"The Fund invests in equity and debt securities of mid-cap companies that
offer the potential for capital appreciation and/or current income. A company
will be considered a mid-cap company if it has at the time of purchase by the
Fund a market capitalization of at least $1.5 billion and at most 120% of the
market capitalization of the largest company included in the Russell Midcap
-Registered Trademark- Index on the date of the last reconstitution of that
index."
November 6, 2000
