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FUND
FACTS
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Lord Abbett
Investment Trust
U.S. Government
Securities Series
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A portfolio designed
to help you with your
current income needs
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Lord Abbett U.S. Government Securities Series
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INVESTMENT OBJECTIVE: Lord Abbett Investment Trust--U.S. Government Securities
Series is designed to provide high current income. The Series invests
exclusively in U.S. Government securities.
How the Fund Compares Against Inflation(1):
Growth of $10,000: 12/31/87 - 12/31/97
U.S. GOVERNMENT SECURITIES SERIES INFLATION
(CONSUMER PRICE INDEX)
1987 9519 10000
1988 10259 10442
1989 11565 10927
1990 12639 11594
1991 14776 11950
1992 15824 12296
1993 17286 12634
1994 16551 12972
1995 19140 13380
1996 19456 13744
1997 21238 13977
U.S. Government Securities Series $21,238
Inflation (Consumer Price Index) $13,977
The U.S. Government Securities Series' Average Annual Rate of Total Return
12/31/87 - 12/31/97: 7.8%
(1) The Series' inception date is 7/15/96. Performance shown prior to 7/15/96
relates to the Series' predecessor, Lord Abbett U.S. Government Securities
Fund, which was established 9/19/32. Total return is the percent change in
value, assuming the reinvestment of all distributions. The maximum sales
charge of 4.75%, applicable to Class A share investments of $10,000, has
been deducted from the Series investment. The Series issues additional
classes of shares with distinct pricing options. For a full discussion of
the differences in pricing alternatives, please call 800-874-3733 and ask
for the Trust's current prospectus. Although the payment of principal and
interest on the Series' investments is backed or guaranteed by the U.S.
Government, its agencies or instrumentalities, the Series' investment
return and principal value will fluctuate. The U.S. Government does not
back or guarantee the Series' shares.
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SEC RETURNS:
Average annual compounded returns at the Class A share maximum 4.75% sales
charge for periods ending 12/31/97:
1 year 5 years 10 years
+3.90% +5.03% +7.82%
SEC yield for the 30 days ended 12/31/97 was 4.93%.
Past performance is no indication of future results. The investment return and
principal value of an investment in the Series will fluctuate so that shares, on
any given day or when redeemed, may be worth more or less than their original
cost.
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The Fund's Investor Advantage
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o The opportunity for high current income;
o The comfort of owning U.S. Government securities, which have the top
investment grade and carry the least credit risk (among fixed-income
securities);
o Active portfolio management, based both on broad economic trends and
relative value of various types of U.S. Government securities.
Minimum Initial Investment:
$500; $250 for IRAs
Quotron Symbols:
A Shares - LAGVX
B Shares - LAVBX*
C Shares - LAUSX
* Proposed.
Monthly Dividends:
May be taken in cash or reinvested in additional shares at net asset value.
The Fund's Investment Strategy
Lord Abbett Investment Trust--U.S.
Government Securities Series is actively managed based upon Lord, Abbett & Co.'s
economic and interest-rate outlooks.
o Investment Strategy Meetings are held to determine long-term strategy.
Formal meetings are held weekly to assure a timely, thorough review of the
markets;
o Fundamental Research is conducted to assess the probable effect of
economic and interest-rate influences on individual securities.
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The Fund's Manager
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Zane E. Brown
Partner and Director of Fixed Income
"Our research-driven, value approach to asset management has helped the Series
produce competitive long-term performance."
The Series is managed by Zane E. Brown, Partner and Director of Fixed Income.
Mr. Brown works with a team of analysts and portfolio managers in the management
of the Series.
The Fund's Performance
Average Annual Total Returns For Periods Ending December 31, 1997:
5 yrs. 10 yrs.
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The Series(2) 6.1% 8.4%
Morningstar Average of
U.S. Government Funds 5.8% 7.7
The Fund: Something To Talk About...
Value Line Mutual Fund Survey says: "Lord Abbett U.S. Government Securities Fund
had outpaced its Government peer group over all trailing time periods through
December [1997]. The fund has a strong dividend yield and well-below average
expenses."
January 20, 1998
(2) The Series' inception date is 7/15/96. Performance shown prior to 7/15/96
relates to the Series' predecessor, Lord Abbett U.S. Government Securities
Fund, which was established 9/19/32. Fund performance is at net asset
value. For performance at the maximum 4.75% sales charge applicable to
Class A share investments, see SEC Returns.
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Portfolio Profile
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When you invest in the Series, you become an owner of a well-structured and
diversified portfolio of securities that the Series' manager believes offer
substantial value. The Series' portfolio is managed continuously and its
holdings are subject to change. Below is a snapshot of the portfolio on
12/31/97:
[The following table was depicted as a pie chart in the printed material.]
FNMA ............................. 49.13%
U.S. Government Securities ....... 26.90%
GNMA ............................. 15.50%
FHLMC ............................ 4.43%
Other ............................ 4.04%
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The Fund's Investment Manager
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LORD, ABBETT & CO.
o Experienced Management
Founded in 1929, Lord, Abbett & Co. was one of the nation's first mutual
fund managers. Lord Abbett manages over $25 billion in a family of mutual
funds and separately-managed accounts.
o A Complete Family
The Lord Abbett Family of Funds consists of 28 mutual funds.
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For more complete information about any Lord Abbett mutual fund, such as Lord
Abbett Investment Trust -- U.S. Government Securities Series, including charges
and expenses, call your investment professional or Lord Abbett Distributor llc
at 800-874-3733 for a prospectus. An investor should read the prospectus
carefully before investing. If used after 3/31/98, this piece must be
accompanied by Lord Abbett's Performance Quarterly for the most recently
completed calendar quarter.
Numbers to Keep Handy
For Shareholder Account
or Statement Inquiries: 800-821-5129
For Literature: 800-874-3733
For More Information: 800-426-1130
Visit Our Web Site: http://www.lordabbett.com
[LOGO] LORD ABBETT & CO.
Investment Management
A Tradition of Performance Through Disciplined Investing
LORD ABBETT DISTRIBUTOR LLC
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The GM Building o 767 Fifth Avenue o New York, NY 10153-0203 o 800-426-1130
LAUSGS-12-1297
(2/98)
