USAA USAA LIFE INVESTMENT TRUST
EAGLE LIFE INCOME FUND, LIFE WORLD GROWTH FUND,
LOGO AND LIFE INTERNATIONAL FUND
SUPPLEMENT DATED JANUARY 19, 2000
TO THE PROSPECTUS
DATED MAY 1, 1999
LIFE INCOME FUND
After 29 years of service with USAA Investment Management Company, John W.
Saunders, Jr., the Fund's portfolio manager, will be retiring on January 31,
2000. Page 7B of the Prospectus under the heading "Portfolio Manager" is
amended to reflect the following change effective February 1, 2000.
PORTFOLIO MANAGER
MARGARET "DIDI" WEINBLATT, Vice President of Mutual Fund Portfolios, assumes
portfolio management responsibilities of the Life Income Fund replacing Mr.
Saunders.
Ms. Weinblatt has 20 years investment management experience and became a member
of our portfolio management team in January 2000. Prior to joining us she
worked for Countrywide Investments from June 1998 to November 1999; Copernicus
Asset Management, Ltd. from January 1996 to June 1998; and Neuberger & Berman
from 1986 to October 1995.
LIFE WORLD GROWTH FUND
DAVID G. PEEBLES, Senior Vice President of Equity Investments, no longer acts
as the asset allocation manager nor co-manages the Foreign Securities
investment category of the Life World Growth Fund. Albert C. Sebastian and
Kevin P. Moore will co-manage the Foreign Securities investment category, and
Mr. Sebastian will act as the asset allocation manager of the Fund.
LIFE INTERNATIONAL FUND
DAVID G. PEEBLES, Senior Vice President of Equity Investments, no longer
co-manages the Life International Fund. Albert C. Sebastian and Kevin P. Moore
will co-manage the Fund.
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
