CAPITAL MANAGEMENT INVESTMENT TRUST
SUPPLEMENT DATED MARCH 31, 2000
for the
CAPITAL MANAGEMENT MID-CAP FUND
and the
CAPITAL MANAGEMENT SMALL-CAP FUND
The Rule 12b-1 Distribution Plans ("Distribution Plans") described in the
Investor Shares Prospectuses and Statements of Additional Information for the
Capital Management Small-Cap Fund and the Capital Management Mid-Cap Fund (the
"Funds") will not become effective until those Distribution Plans have been
approved by shareholders of the Investor Shares ("Shareholders") of the Funds.
It is anticipated that the Shareholders will approve the Distribution Plans at a
Special Shareholder Meeting of the Funds that is scheduled to be held on April
27, 2000.
INVESTORS SHOULD RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
