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SUPPLEMENT dated October 1, 1996
to USAA Life Investment Trust PROSPECTUS dated May 1, 1996
Under federal law, we are providing this notice that the section of the
prospectus entitled "Portfolio Managers" under the sub-title "VA World Growth
Fund" is amended to reflect the following change effective October 1, 1996:
The following individuals are primarily responsible for managing the Fund.
David G. Peebles, Vice President of Equity Investments since February 1988, is
the asset allocation manager for the Fund. He has been the portfolio manager
for the Fund's investments in foreign securities since its inception in October
1992. He has 30 years investment management experience and has worked for IMCO
for 12 years.
Effective October 1, 1996, Albert C. Sebastian and W. Travis Selmier, II, will
co-manage the Fund's investments in foreign securities with Mr. Peebles. Mr.
Peebles, Vice President of Equity Investments, will coordinate the activities of
the Managers.
Albert C. Sebastian, Assistant Vice President Executive of Equity Investments
since September 1996, has 12 years investment management experience and has
worked for IMCO for five years where he has held various positions in Equity
Investments.
W. Travis Selmier, II, Assistant Vice President of Equity Investments since
September 1996, has nine years investment management experience and has worked
for IMCO for five years where he has held various positions in Equity
Investments.
R. David Ullom, Assistant Vice President of Equity Investments since September
1994, has managed the Fund's Investments in domestic stocks since February 1995.
Mr. Ullom has 21 years investment management experience and has worked for IMCO
for ten years.
