SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM N-1A
File No. 33-42827
File No. 811-6411
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
Pre-Effective Amendment No.
Post-Effective Amendment No. 14
AND
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF
1940
Amendment No. 14
VOYAGEUR INVESTMENT TRUST
(Exact Name of Registrant as Specified in Charter)
1818 Market Street, Philadelphia, Pennsylvania 19103
(Address of Principal Executive Offices) (Zip Code)
Registrant's Telephone Number, including Area Code:(215) 255-2923
George M. Chamberlain, Jr., 1818 Market Street, Philadelphia, PA
19103
(Name and Address of Agent for Service)
Approximate Date of Public Offering: April 30, 1998
It is proposed that this filing will become effective:
immediately upon filing pursuant to paragraph (b)
X on April 30, 1998 pursuant to paragraph (b)
60 days after filing pursuant to paragraph (a)(1)
on (date) pursuant to paragraph (a)(1)
75 days after filing pursuant to paragraph (a)(2)
on (date) pursuant to paragraph (a)(2) of Rule 485
If appropriate:
____ this post-effective amendment designates a new
effective date for a previously filed post-
effective amendment
Title of Securities Being Registered
Tax-Free California Insured Fund A Class
Tax-Free California Insured Fund B Class
Tax-Free California Insured Fund C Class
Tax-Free Florida Insured Fund A Class
Tax-Free Florida Insured Fund B Class
Tax-Free Florida Insured Fund C Class
Tax-Free Florida Fund A Class
Tax-Free Florida Fund B Class
Tax-Free Florida Fund C Class
Tax-Free Kansas Fund A Class
Tax-Free Kansas Fund B Class
Tax-Free Kansas Fund C Class
Tax-Free Missouri Insured Fund A Class
Tax-Free Missouri Insured Fund B Class
Tax-Free Missouri Insured Fund C Class
Tax-Free New Mexico Fund A Class
Tax-Free New Mexico Fund B Class
Tax-Free New Mexico Fund C Class
Tax-Free Oregon Insured Fund A Class
Tax-Free Oregon Insured Fund B Class
Tax-Free Oregon Insured Fund C Class
Tax-Free Utah Fund A Class
Tax-Free Utah Fund B Class
Tax-Free Utah Fund C Class
Tax-Free Washington Insured Fund A Class
Tax-Free Washington Insured Fund B Class
Tax-Free Washington Insured Fund C Class
--- C O N T E N T S ---
This Post-Effective Amendment No. 14 to Registration File
No. 33-42827 includes the following:
1. Facing Page
2. Contents Page
3. Cross-Reference Sheets(1)
4. Part A - Prospectus(2)
5. Part B - Statement of Additional Information(2)
6. Part C - Other Information(2)(3)
7. Signatures
(1) This Post-Effective Amendment relates to the Registrant's
nine series of shares and their classes. Shares of each
Series are described in a common Prospectus, Statement of
Additional Information and Part C.
(2) The Registrant's Prospectus and Statement of Additional
Information dated April 30, 1998 are incorporated into
this filing by reference to the electronic filing of Post-
Effective Amendment No. 19 to the Registration Statement of
Voyageur Mutual Funds, Inc. filed April 29, 1998.
(3) Items 28 and 29 to Part C are incorporated into this filing
by reference to the electronic filing of Post-Effective
Amendment No. 19 to the Registration Statement of Voyageur
Mutual Funds, Inc. filed April 29, 1998.
CROSS-REFERENCE SHEET
PART A
Item No. Description Location in Prospectus*
1 Cover Page. . . . . . . . Cover Page
2 Synopsis. . . . . . . . . Synopsis; Summary
of Expenses
3 Condensed Financial
Information . . . . . . . Financial Highlights
4 General Description of
Registrant. . . . . . . . Investment Objectives
and Policies; Classes
of Shares
5 Management of the Fund. . Management of the Funds
6 Capital Stock and
Other Securities. . . . . The Delaware Difference;
Dividends and
Distributions; Taxes;
Classes of Shares
7 Purchase of Securities
Being Offered . . . . . . Cover Page; How to Buy
Shares; Calculation of
Offering Price and
Net Asset Value Per
Share; Management
of the Funds
8 Redemption or Repurchase. How to Buy Shares;
Redemption and Exchange
9 Legal Proceedings . . . . None
* The Prospectus is included in and hereby incorporated by
reference to Post-Effective Amendment No. 19 of
Voyageur Mutual Funds, Inc.'s Registration Statement
(File No. 33-63238).
CROSS-REFERENCE SHEET
PART B
Item No. Description Location in Statement of
Additional Information*
10 Cover Page. . . . . . . . Cover Page
11 Table of Contents . . . . Table of Contents
12 General Information
and History . . . . . . . Inapplicable
13 Investment Objectives
and Policy. . . . . . . . Investment Policies
and Restrictions
14 Management of the
Registrant. . . . . . . . Officers and Directors
15 Control Persons and
Principal Holders of
Securities. . . . . . . . Officers and Directors
16 Investment Advisory
and Other Services. . . . Officers and Directors;
Investment Management
Agreements and
Sub-Advisory Agreements;
General Information;
Financial Statements
17 Brokerage Allocation. . . Trading Practices and
Brokerage
18 Capital Stock and
Other Securities. . . . . Capitalization and
Noncumulative Voting
(under General
Information)
19 Purchase, Redemption and
Pricing of Securities
Being Offered . . . . . . Purchasing Shares;
Determining Offering
Price and Net Asset
Value; Redemption and
Repurchase; Exchange
Privilege
20 Tax Status. . . . . . . . Distributions; Taxes
21 Underwriters. . . . . . . Purchasing Shares
22 Calculation of
Performance Data. . . . . Performance Information
23 Financial Statements. . . Financial Statements
* The Statement of Additional Information is included in and
hereby incorporated by reference to Post-Effective
Amendment No. 19 of Voyageur Mutual Funds, Inc.'s
Registration Statement (File No. 33-63238).
CROSS-REFERENCE SHEET
PART C
Item No. Description Location in Part C
24 Financial Statements
and Exhibits. . . . . . . Item 24
25 Persons Controlled by
or under Common Control
with Registrant . . . . . Item 25
26 Number of Holders
of Securities . . . . . . Item 26
27 Indemnification . . . . . Item 27
28 Business and Other
Connections of Investment
Adviser . . . . . . . . . Item 28
29 Principal Underwriters. . Item 29
30 Location of Accounts
and Records . . . . . . . Item 30
31 Management Services . . . Item 31
32 Undertakings. . . . . . . Item 32
PART C
Other Information
Item 24. Financial Statements and Exhibits
(a) Financial Statements:
Part A - Financial Highlights
*Part B - Statement of Net Assets
Statement of Operations
Statement of Changes in Net Assets
Notes to Financial Statements
Accountant's Report
* The financial statements and Accountant's
Report listed above relating to Voyageur
Investment Trust are incorporated into this
filing by reference into the Fund's Part B
from the Registrant's Annual Report for the
fiscal year ended December 31, 1997.
(b) Exhibits:
(1) Articles of Incorporation.
(a) Amended and Restated Agreement and
Declaration of Trust (February 16, 1994)
incorporated into this filing by
reference to Post-Effective Amendment
No. 11 filed April 30, 1996.
(2) By-Laws. By-Laws, as amended (January, 24,
1995) incorporated into this filing by
reference to Post-Effective Amendment No. 11
filed April 30, 1996.
(3) Voting Trust Agreement. Inapplicable.
(4) Copies of All Instruments Defining the Rights
of Holders.
(a) Articles of Incorporation and Articles
Supplementary.
(i) Article V of Declaration of Trust
(February 16, 1994) incorporated
into this filing by reference to
Post-Effective Amendment No. 11
filed April 30, 1996.
(b) By-Laws.
(i) Article II incorporated into this
filing by reference to Post-
Effective Amendment No. 11 filed
April 30, 1996.
(5) Investment Management Agreement.
(a) Investment Management Agreement
(April 30, 1997) between Voyageur Fund
Managers, Inc. and the Registrant on
behalf of Tax-Free Florida Insured Fund
and Tax-Free Florida Fund incorporated
into this filing by reference to Post-
Effective Amendment No. 13 filed
August 28, 1997.
(b) Investment Management Agreement
(April 30, 1997) between Voyageur Fund
Managers, Inc. and the Registrant on
behalf of Tax-Free California Insured
Fund, Tax-Free Missouri Insured Fund,
Tax-Free Oregon Insured Fund, Tax-Free
Washington Insured Fund, Tax-Free Kansas
Fund, Tax-Free New Mexico Fund and Tax-
Free Utah Fund incorporated into this
filing by reference to Post-Effective
Amendment No. 13 filed August 28, 1997.
(6) (a) Distribution Agreement.
(i) Proposed Distribution Agreement (1997)
between Delaware Distributors, L.P. and
the Registrant on behalf of each Fund
incorporated into this filing by
reference to Post-Effective Amendment
No. 13 filed August 28, 1997.
(b) Administration and Service Agreement.
Form of Administration and Service
Agreement (as amended November 1995)
(Module) incorporated into this filing
by reference to Post-Effective Amendment
No. 13 filed August 28, 1997.
(c) Dealer's Agreement. Dealer's Agreement
(as amended November 1995) (Module)
incorporated into this filing by
reference to Post-Effective Amendment
No. 13 filed August 28, 1997.
(d) Mutual Fund Agreement for the Delaware
Group of Funds (as amended November
1995) (Module) incorporated into this
filing by reference to Post-Effective
Amendment No. 13 filed August 28, 1997.
(7) Bonus, Profit Sharing, Pension Contracts.
Inapplicable.
(8) Custodian Agreement.
(a) Custodian Contract with Norwest Bank
Minnesota N.A. (April 20, 1992)
incorporated into this filing by
reference to Post-Effective Amendment
No. 11 filed April 30, 1996.
(9) Other Material Contracts.
(a) Shareholder Services Agreement (1997)
between Delaware Service Company, Inc.
and the Registrant on behalf of each
Fund (Module) incorporated into this
filing by reference to Post-Effective
Amendment No. 13 filed August 28, 1997.
(b) Executed Fund Accounting Agreement
(August 19, 1996) between Delaware
Service Company, Inc. and the Registrant
on behalf of each Fund (Module)
incorporated into this filing by
reference to Post-Effective Amendment
No. 13 filed August 28, 1997.
(i) Executed Amendment No. 7
(October 14, 1997) to Schedule A
to Delaware Group of Funds
Fund Accounting Agreement attached
as Exhibit.
(ii) Executed Amendment No. 8
(December 18, 1997) to Schedule A
to Delaware Group of Funds
Fund Accounting Agreement attached
as Exhibit.
(10) Opinion of Counsel. Attached as Exhibit.
(11) Consent of Auditors. Attached as Exhibit.
(12) Inapplicable.
(13) Letter of Investment Intent incorporated into
this filing by reference to Pre-Effective
Amendment No. 1 filed on November 22, 1992.
(14) Inapplicable.
(15) Plans under Rule 12b-1.
(a) Plan under Rule 12b-1 for Class A, B and
C Shares (1997) of Voyageur Investment
Trust on behalf of each Fund
incorporated into this filing by
reference to Post-Effective Amendment
No. 11 filed April 30, 1996.
(16) Schedules of Computation for each Performance
Quotation.
(a) Schedules of Computation of Fund
performance for each Fund incorporated
into this filing by reference to Post-
Effective Amendment No. 11 filed
April 30, 1996.
(17) Financial Data Schedules. Attached as
Exhibits.
(18) Plan under Rule 18f-3.
(a) Plan under Rule 18f-3 (June 19, 1997)
attached as Exhibit.
(19) Other: Trustees' Power of Attorney.
Attached as Exhibit.
Item 25. Persons Controlled by or under Common Control with
Registrant. None.
Item 26. Number of Holders of Securities.
(1) (2)
Number of
Title of Class Record Holders
Voyageur Investment
Trust Tax-Free Florida
Insured Fund's:
Tax-Free Florida Insured
Fund A Shares:
Shares of Beneficial
Interest with No Par 3,829 Accounts
Value Per Share as of February 28, 1998
Tax-Free Florida Insured
Fund Class B Shares:
Shares of Beneficial
Interest with No Par 83 Accounts
Value Per Share as of February 28, 1998
Tax-Free Florida Insured
Fund Class C Shares:
Shares of Beneficial
Interest with No Par 2 Accounts
Value Per Share as of February 28, 1998
Voyageur Investment Trust
Tax-Free California
Insured Fund's:
Tax-Free California Insured
Fund Class A Shares:
Shares of Beneficial
Interest with No Par 519 Accounts
Value Per Share as of February 28, 1998
Tax-Free California Insured
Fund Class B Shares:
Shares of Beneficial
Interest with No Par 121 Accounts
Value Per Share as of February 28, 1998
Tax-Free California Insured
Fund Class C Shares:
Shares of Beneficial
Interest with No Par 7 Accounts
Value Per Share as of February 28, 1998
Voyageur Investment Trust
Tax-Free Missouri
Insured Fund's:
Tax-Free Missouri Insured
Fund Class A Shares:
Shares of Beneficial
Interest with No Par 1,338 Accounts
Value Per Share as of February 28, 1998
Tax-Fre Income of a Non-Daily Dividend Fund will be
allocated to each class of shares of such Fund on
the basis of the net asset value of each such
class in relation to the net asset value of the
Fund.
(ii) Realized and unrealized gains and losses of a Non-
Daily Dividend Fund will be allocated to each
class of shares of such Fund on the basis of the
net asset value of each such class in relation to
the net asset value of the Fund.
V. Amendment of Plan; Periodic Review.
A. New Funds and New Classes. With respect to any new portfolio
of a Company created after the date of this Plan and any new class of
shares of the existing Funds created after the date of this Plan, the
Board of Directors/Trustees of such Company shall approve amendments to
this Plan setting forth the attributes of the classes of shares of such
new portfolio or of such new class of shares.
B. Material Amendments and Periodic Reviews. The Board of
Directors/Trustees of each Company, including a majority of the
independent directors/trustees, shall periodically review this Plan for
its continued appropriateness and shall approve any material amendment of
this Plan as it relates to any class of any Fund covered by this Plan.
VI. Effective Date of Plan.
This Plan shall become effective for a Fund upon conversion of the
accounting system for such Fund (the "Effective Date"). Upon the
Effective Date, this Plan shall supersede any other plan pursuant to Rule
18f-3 which previously has been adopted for a Fund.
POWER OF ATTORNEY
Each of the undersigned, a member of the Boards of
Directors/Trustees of the Delaware Group Funds listed on Exhibit A to
this Power of Attorney, hereby constitutes and appoints on behalf of each
of the Funds listed on Exhibit A, Wayne A. Stork, Jeffrey J. Nick and
Walter P. Babich and any one of them acting singly, his true and lawful
attorneys-in-fact, in his name, place, and stead, to execute and cause to
be filed with the Securities and Exchange Commission and other federal or
state government agency or body, such registration statements, and any
and all amendments thereto as either of such designees may deem to be
appropriate under the Securities Act of 1933, as amended, the Investment
Company Act of 1940, as amended, and all other applicable federal and
state securities laws.
IN WITNESS WHEREOF, the undersigned have executed this instrument as
of this 18th day of December, 1997.
/s/Walter P. Babich /s/Thomas F. Madison
Walter P. Babich Thomas F. Madison
/s/Anthony D. Knerr /s/Jeffrey J. Nick
Anthony D. Knerr Jeffrey J. Nick
/s/Ann R. Leven /s/Charles E. Peck
Ann R. Leven Charles E. Peck
/s/W. Thacher Longstreth /s/Wayne A. Stork
W. Thacher Longstreth Wayne A. Stork
POWER OF ATTORNEY
EXHIBIT A
DELAWARE GROUP FUNDS
DELAWARE GROUP EQUITY FUNDS I, INC.
DELAWARE GROUP EQUITY FUNDS II, INC.
DELAWARE GROUP EQUITY FUNDS III, INC.
DELAWARE GROUP EQUITY FUNDS IV, INC.
DELAWARE GROUP EQUITY FUNDS V, INC.
DELAWARE GROUP INCOME FUNDS, INC.
DELAWARE GROUP GOVERNMENT FUND, INC.
DELAWARE GROUP CASH RESERVE, INC.
DELAWARE GROUP LIMITED-TERM GOVERNMENT FUNDS, INC.
DELAWARE GROUP TAX-FREE FUND, INC.
DELAWARE GROUP TAX-FREE MONEY FUND, INC.
DELAWARE GROUP GLOBAL & INTERNATIONAL FUNDS, INC.
DELAWARE GROUP ADVISER FUNDS, INC.
DELAWARE POOLED TRUST, INC.
DELAWARE GROUP PREMIUM FUND, INC.
DELAWARE GROUP STATE TAX-FREE INCOME TRUST
DELAWARE GROUP DIVIDEND AND INCOME FUND, INC.
DELAWARE GROUP GLOBAL DIVIDEND AND INCOME FUND, INC.
DELAWARE GROUP FOUNDATION FUNDS
VOYAGEUR FUNDS, INC.
VOYAGEUR INSURED FUNDS, INC.
VOYAGEUR INTERMEDIATE TAX FREE FUNDS, INC.
VOYAGEUR INVESTMENT TRUST
VOYAGEUR INVESTMENT TRUST II
VOYAGEUR MUTUAL FUNDS, INC.
VOYAGEUR MUTUAL FUNDS II, INC.
VOYAGEUR MUTUAL FUNDS III, INC.
VOYAGEUR TAX FREE FUNDS, INC.
VOYAGEUR ARIZONA MUNICIPAL INCOME FUND, INC.
VOYAGEUR COLORADO INSURED MUNICIPAL INCOME FUND, INC.
VOYAGEUR FLORIDA INSURED MUNICIPAL INCOME FUND
VOYAGEUR MINNESOTA MUNICIPAL INCOME FUND, INC.
VOYAGEUR MINNESOTA MUNICIPAL INCOME FUND II, INC.
VOYAGEUR MINNESOTA MUNICIPAL INCOME FUND III, INC.
