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SMITH BARNEY INVESTMENT TRUST on behalf of SMITH BARNEY MID CAP BLEND FUND (the "Fund") Supplement dated July 27, 1999 to Prospectus dated March 30, 1999 The following revises and supersedes, as applicable, the discussion under "More on the fund's investments": While the Fund intends to be substantially fully invested in equity securities, the Fund may maintain up to 10% of its assets in money market instruments and/or cash to pay expenses and meet redemption requests. FD01679
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