SEI INSTITUTIONAL INVESTMENTS TRUST
497, 1997-07-16
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                      SEI INSTITUTIONAL INVESTMENTS TRUST
 
                                 SMALL CAP FUND
 
                           SUPPLEMENT DATED JULY 10, 1997
                     TO THE PROSPECTUS DATED JUNE 14, 1996
 
THIS SUPPLEMENT PROVIDES NEW AND ADDITIONAL INFORMATION BEYOND THAT CONTAINED IN
THE PROSPECTUS, AND SHOULD BE READ IN CONJUNCTION WITH SUCH PROSPECTUS.
 
    At a meeting held on February 28, 1997, the Shareholders of the Small Cap 
Fund of SEI Institutional Investments Trust approved LSV Asset Management 
("LSV") as a new Sub-Adviser. In addition, Shareholders approved a new 
sub-advisory agreement between LSV and SEI Financial Management Corporation 
relating to the Small Cap Fund. This prospectus is hereby amended to reflect 
this addition.
 
               PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE


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