<PAGE> 1
THE ONE GROUP(R) INVESTMENT TRUST
Supplement dated December 10, 1998
to Prospectus dated May 1, 1998
GOVERNMENT BOND FUND
ASSET ALLOCATION FUND
GROWTH OPPORTUNITIES FUND
LARGE COMPANY GROWTH FUND
EQUITY INDEX FUND
The One Group Investment Trust Government Bond Fund will now be managed by a
team of portfolio managers, research analysts and fixed income traders. The team
works together to establish general duration and sector strategies for the Fund.
Each team member makes recommendations about securities in the Fund. The
research analysts and trading personnel provide individual security and sector
recommendations, while the portfolio managers select and allocate individual
securities in a manner designed to meet the investment objectives of the Fund.
The One Group Investment Trust Asset Allocation Fund, The One Group Investment
Trust Growth Opportunities Fund, and The One Group Investment Trust Large
Company Growth Fund will now be managed by a team of portfolio managers,
research analysts, and other investment management professionals. Each team
member makes recommendations about the securities in a Fund. The research
analysts provide in-depth industry analysis and recommendations, while the
portfolio managers determine strategy, industry weightings, Fund holdings, and
cash positions.
INVESTORS SHOULD RETAIN THIS SUPPLEMENT WITH THE PROSPECTUS
FOR FUTURE REFERENCE
