VOYAGEUR INVESTMENT TRUST
Delaware-Voyageur Tax-Free Florida Fund
Delaware-Voyageur Tax-Free Kansas Fund
Delaware-Voyageur Tax-Free New Mexico Fund
Delaware-Voyageur Tax-Free Utah Fund
Supplement Dated September 10, 1998
to the Prospectus Dated April 30, 1998
The Board of Trustees of Voyageur Investment Trust
unanimously voted, subject to shareholder approval, to adopt a
new Investment Management Agreement between Delaware
Management Company (the "Manager") and each Fund noted above.
Pursuant to the current Investment Management Agreement for
each Fund, the Fund pays the Manager an annual fee equal to
0.50% of the Fund's average daily net assets. Under the
proposed Investment Management Agreement, each Fund will pay
the Manager an annual fee equal to 0.55% on the first $500
million, 0.50% on the next $500 million, 0.45% on the next
$1.5 billion, and 0.425% on assets over $2.5 billion (all
calculated as a percentage of the Fund's average daily net
assets).
Individuals who are shareholders of these Funds on
September 7, 1998 will be asked to approve the proposed
Investment Management Agreement at a Joint Annual Meeting of
Shareholders to be held on or about December 4, 1998. The
proposed management fee will become effective immediately
after shareholders approve the proposed Investment Management
Agreement.
