<PAGE>
June 4, 1998
FINANCIAL INVESTORS TRUST
SUPPLEMENT TO THE STATEMENT OF ADDITIONAL INFORMATION DATED
FEBRUARY 22, 1998
The following information supplements and should be read in conjunction
with the Statement of Additional Information dated February 22, 1998 describing
the shares of the Aristata Equity Fund, Aristata Quality Bond Fund, and the
Aristata Colorado Quality Tax-Exempt Fund.
The following information should be inserted in lieu of the information
contained in the section entitled "FEES AND EXPENSES" on page 16 of the
Statement of Additional Information:
<TABLE>
<CAPTION>
ADVISORY FEE ADMINISTRATIVE FEE
<S> <C> <C>
Aristata Quality Bond Fund 0.50% 0.20%*
Aristata Equity Fund 0.85% 0.20%*
Aristata Colorado Quality 0.50% 0.20%*
Tax-Exempt Fund
</TABLE>
* Subject to minimum annual fee of $90,000, $180,000 and $60,000 for the
Aristata Quality Bond Fund, Aristata Equity Fund and Aristata Colorado Quality
Tax-Exempt Fund, respectively.
