MORGAN GRENFELL INVESTMENT TRUST
885 Third Avenue
New York, New York 10022
April 30, 1997
VIA EDGAR
Securities and Exchange Commission
File Desk
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: Morgan Grenfell Investment Trust (the "Trust")
File Nos. 33-68704 and 811-8006
Ladies and Gentlemen:
Enclosed herewith for filing on behalf of the Trust pursuant to the
Securities Act of 1933, as amended, and Rule 497(e) thereunder are the following
documents:
(a) a supplement dated April 30, 1997 to the prospectus dated March 7,
1997 for institutional shares of Morgan Grenfell Fixed Income Fund,
Morgan Grenfell Municipal Bond Fund, Morgan Grenfell Short-Term Fixed
Income Fund, Morgan Grenfell Short-Term Municipal Bond Fund, Morgan
Grenfell Smaller Companies Fund, Morgan Grenfell Microcap Fund and
Morgan Grenfell Large Cap Growth Fund (collectively, the "Domestic
Funds").
(b) a supplement dated April 30, 1997 to the prospectus dated January
16, 1997 for institutional shares of the Domestic Funds other than
Morgan Grenfell Microcap Fund and Morgan Grenfell Large Cap Growth
Fund.
(c) a supplement dated April 30, 1997 to the prospectus dated March 7,
1997 for service shares of the Domestic Funds.
Please contact Michael P. Scanlon, Esq. of Hale and Dorr LLP, counsel
to the Trust, at (617) 526-6521 if you have any questions concerning this
filing.
Very truly yours,
/s/ Robert Frederick, Jr.
Robert Frederick, Jr.
Attachments
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SUPPLEMENT DATED APRIL 30, 1997
TO PROSPECTUS DATED MARCH 7, 1997
FOR INSTITUTIONAL SHARES OF THE FOLLOWING FUNDS:
Morgan Grenfell Fixed Income Fund
Morgan Grenfell Municipal Bond Fund
Morgan Grenfell Short-Term Fixed Income Fund
Morgan Grenfell Short-Term Municipal Bond Fund
Morgan Grenfell Smaller Companies Fund
Morgan Grenfell Microcap Fund
Morgan Grenfell Large Cap Growth Fund
Effective April 22, 1997, Robert Kern left Morgan Grenfell Capital
Management, Inc. to pursue other opportunities. Accordingly, Mr. Kern is no
longer a member of the team that manages the investments of Morgan Grenfell
Smaller Companies Fund and Morgan Grenfell Microcap Fund. References in the
Prospectus to Mr. Kern should be disregarded.
Audrey M. T. Jones and David A. Baratta continue to be members of the
team that manages the investments of Morgan Grenfell Smaller Companies Fund and
Morgan Grenfell Microcap Fund. Both Ms. Jones and Mr. Baratta have served as
members of this team since the inception of each Fund.
<PAGE>
SUPPLEMENT DATED APRIL 30, 1997
TO PROSPECTUS DATED JANUARY 16, 1997
FOR INSTITUTIONAL SHARES OF THE FOLLOWING FUNDS:
Morgan Grenfell Fixed Income Fund
Morgan Grenfell Municipal Bond Fund
Morgan Grenfell Short-Term Fixed Income Fund
Morgan Grenfell Short-Term Municipal Bond Fund
Morgan Grenfell Smaller Companies Fund
Effective April 22, 1997, Robert Kern left Morgan Grenfell Capital
Management, Inc. to pursue other opportunities. Accordingly, Mr. Kern is no
longer a member of the team that manages Morgan Grenfell Smaller Companies
Fund's investments. Audrey M. T. Jones and David A. Baratta continue to be
members of the team that manages the Fund's investments. Both Ms. Jones and Mr.
Baratta have served as members of this team since the Fund's inception
Morgan Grenfell Smaller Companies Fund is no longer prohibited from
investing more than 5% of its total assets in purchased options other than
protective put options. However, for the remainder of the current fiscal year,
the Fund does not intend to exceed this 5% limit other than on a temporary
basis.
<PAGE>
SUPPLEMENT DATED APRIL 30, 1997
TO PROSPECTUS DATED MARCH 7, 1997
FOR SERVICE SHARES OF THE FOLLOWING FUNDS:
Morgan Grenfell Fixed Income Fund
Morgan Grenfell Municipal Bond Fund
Morgan Grenfell Short-Term Fixed Income Fund
Morgan Grenfell Short-Term Municipal Bond Fund
Morgan Grenfell Smaller Companies Fund
Morgan Grenfell Microcap Fund
Morgan Grenfell Large Cap Growth Fund
Effective April 22, 1997, Robert Kern left Morgan Grenfell Capital
Management, Inc. to pursue other opportunities. Accordingly, Mr. Kern is no
longer a member of the team that manages the investments of Morgan Grenfell
Smaller Companies Fund and Morgan Grenfell Microcap Fund. References in the
Prospectus to Mr. Kern should be disregarded.
Audrey M. T. Jones and David A. Baratta continue to be members of the
team that manages the investments of Morgan Grenfell Smaller Companies Fund and
Morgan Grenfell Microcap Fund. Both Ms. Jones and Mr. Baratta have served as
members of this team since the inception of each Fund.
