SMITH BARNEY INVESTMENT TRUST, 497, 1996-10-04

SMITH BARNEY INVESTMENT TRUST
497, 1996-10-04

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                        SMITH BARNEY
                    INTERMEDIATE MATURITY
                  NEW YORK MUNICIPALS FUND
                        (the "Fund")
                              
        Supplement to Prospectus dated March 22, 1996


      The  following information supersedes the  information
set  forth in the Fund's Prospectus under "Management of the
Trust and the Fund:"

     Portfolio Management

           Peter M. Coffey, Investment Officer  of
     the  Fund  and  Managing  Director  of  Smith
     Barney  Mutual  Funds  Management  Inc.,   is
     responsible   for  managing  the   day-to-day
     operations  of the Fund including making  all
     investment decisions.


___________________________
October 4, 1996






FD0 1207  10/96