Filed Pursuant to Rule 424(b)(3)
Registration Statement No. 333-38515
Supplement dated January 20, 1998
to Prospectus dated October 30, 1997
The following information supplements and amends the Prospectus,
dated October 30, 1997, of Security Capital Industrial Trust ("SCI")
relating to the offer and sale from time to time by the Selling
Shareholders named therein of SCI's common shares of beneficial interest,
$.01 par value per share (the "Common Shares"). This Supplement should be
read in conjunction with the Prospectus dated October 30, 1997. All terms
not otherwise defined herein have the meanings ascribed to them in the
Prospectus dated October 30, 1997.
In order to update the information contained in the section
entitled "Selling Shareholders", the following table replaces the table in
such section in the Prospectus dated October 30, 1997:
Number of Common
Shares That May Be
Name Issued Hereunder
---- ----------------
Jeffrey H. Schwartz................................... 128,263
Krauss Group, Inc..................................... 130,301
The Krauss Portfolio, Ltd............................. 179,535
Elmer J. Krauss, as Trustee........................... 125,409
Wisconsin Lutheran College Conference, Inc............ 20,000
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Total........................................ 583,508
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