CFS INVESTMENT TRUST
Supplement Dated November 17, 1995
to Prospectus Dated September 1, 1995
Although each Fund is permitted to invest without limit in debt
securities rated below investment grade, commonly known as "junk
bonds," it is not expected that Convertible Fund or Growth Fund will
invest as much as 35% of its net assets in such securities. Those
securities entail greater risks, including default risks, than those
found in higher rated securities. Investors should carefully
consider those risks before investing. See "Debt Securities."
Although each Fund is permitted to invest in convertible
securities, only Convertible Fund has a policy of investing at least
65% of its net assets in convertible securities under normal
circumstances. Strategic Income Fund and Growth and Income Fund
expect that a significant portion of their respective assets will be
invested in convertible securities, but there is no minimum
percentage of their assets that will be so invested.
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