MORGAN GRENFELL INVESTMENT TRUST
497, 1996-09-25
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September 25, 1996


The Securities & Exchange Commission
450 Fifth Street, N.W.
Washington, DC   20549

Re:      Morgan Grenfell Investment Trust (the "Trust")
         (File Nos. 33-68704 and 811-8006)

Dear Ladies and Gentlemen:

Enclosed herewith for filing on behalf of the Trust pursuant to Rule 497 (e)
under the Securities Act of 1933, as amended, please find a sticker dated
September 25, 1996 that will be attached to the prospectus, dated February 14,
1996 as revised May 10, 1996, covering the following series of the Trust: Morgan
Grenfell Global Fixed Income Fund, Morgan Grenfell International Fixed Income
Fund and Morgan Grenfell Emerging Markets Debt Fund.

The sticker reflects the addition of Ms. Annette Fraser as the co-portfolio
manager of Morgan Grenfell Global Fixed Income Fund and Morgan Grenfell
International Fixed Income Fund, and the departure of Mr. Martin Hall from this
position.

If you have any questions concerning this filing, please contact Jim Capezzuto,
Esq. of Morgan Grenfell Capital Management, Inc., at 212-230-2670 (collect).

Sincerely,



/s/ Robert Frederick

Robert Frederick
Funds Compliance Officer

<PAGE>


                        MORGAN GRENFELL INVESTMENT TRUST

                    Morgan Grenfell Global Fixed Income Fund
                 Morgan Grenfell International Fixed Income Fund
                   Morgan Grenfell Emerging Markets Debt Fund

                              --------------------

                Supplement dated September 25, 1996 to Prospectus
                 dated February 14, 1996 as revised May 10, 1996


     Martin Hall no longer serves as co-portfolio manager of Morgan Grenfell
Global Fixed Income Fund or Morgan Grenfell International Fixed Income Fund. All
references in the Prospectus to Mr. Hall should be replaced by references to
Annette Fraser, the new co-portfolio manager of Morgan Grenfell Global Fixed
Income Fund and Morgan Grenfell International Fixed Income Fund.

         Annette Fraser's area of expertise and professional experience are as
follows:

Portfolio Manager          Expertise                   Professional Experience
- -----------------          ---------                   -----------------------
Annette Fraser             European Bond Markets       Fund Manager, Fixed
                                                       Income Team MGIS (since
                                                       1992); Fund Manager,
                                                       Morgan Grenfell
                                                       International Funds
                                                       Management, Inc. (since
                                                       1990).




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