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ONE GROUP(R) INVESTMENT TRUST
STATEMENT OF ADDITIONAL INFORMATION
Supplement dated February 29, 2000
to Statement of Additional Information dated March 31, 1999
as Revised January 1, 2000
This supplement clarifies an investment policy of the Equity Index Portfolio.
The first restriction under the section entitled INVESTMENT RESTRICTIONS in the
Statement of Additional Information is restated as follows:
Each Portfolio may not:
1. Purchase securities of any issuer (except securities issued or
guaranteed by the United States, its agencies or instrumentalities
and repurchase agreements involving such securities) if as a
result more than 5% of the total assets of the Portfolio would be
invested in the securities of such issuer or the Portfolio would
own more than 10% of the outstanding voting securities of such
issuer. This restriction applies to 75% of the Portfolio's assets.
With respect to the Equity Index Portfolio, no more than 10% of
the Portfolio's assets may be invested in securities issued or
guaranteed by the United States, its agencies or
instrumentalities. For purposes of this limitation, a security is
considered to be issued by the government entity whose assets and
revenues guarantee or back the security. With respect to private
activity bonds or industrial development bonds backed only by the
assets and revenues of a nongovernmental user, such user would be
considered the issuer. Repurchase agreements held in margin
deposits and segregated accounts for futures contracts are not
considered securities issued or guaranteed by the United States,
its agencies or instrumentalities ("Government Securities") for
purposes of the Equity Index Portfolio's 10% limitation on
investments in Government Securities.
INVESTORS SHOULD RETAIN THIS SUPPLEMENT
WITH THE STATEMENT OF ADDITIONAL INFORMATION FOR FUTURE REFERENCE
