Rule 497(e)
File Nos. 33-53368
and 811-07290
Supplement dated February 10, 1998 to
Statement of Additional Information
dated December 24, 1997
BEAR STEARNS INVESTMENT TRUST
EMERGING MARKETS DEBT PORTFOLIO
The Statement of Additional Information is amended as follows:
1. On page 2, in the section entitled "Investment Objective and Policies,"
the following sentences will be added after the first sentence in the
subsection entitled "Convertible Securities":
"Convertible securities include corporate bonds, debentures,
notes and other similar corporate debt instruments, and may
also include forms of preferred or preference stock.
Convertible debt securities have characteristics of both fixed
income and equity investments."
2. On page 6, in the section entitled "Investment Objective and Policies,"
the following subsection will be added after the subsection entitled
"Indexed Securities":
"Other. New forms of securities continue to be
developed. The Portfolio may invest in such securities to the
extent consistent with its investment objectives and
investment policies, subject to Federal and state law and
regulatory requirements and prior shareholder notification."
