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Rule 497(e) File Nos. 33-53368 and 811-07290 BEAR STEARNS INVESTMENT TRUST SUPPLEMENT DATED DECEMBER 29, 1997 TO PROSPECTUS DATED DECEMBER 24, 1997 The Prospectus is amended as follows: 1. On the cover page, immediately under the heading "Emerging Markets Debt Portfolio", insert the following text: "Class A, Class B and C Shares". 2. On the cover page, at the end of the page, insert the following text: "December 24, 1997".
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