UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                  SCHEDULE 14A
                                 (RULE 14A-101)

                    INFORMATION REQUIRED IN PROXY STATEMENT
                            SCHEDULE 14A INFORMATION

                PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE
                        SECURITIES EXCHANGE ACT OF 1934

                                (AMENDMENT NO. )


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[ ] Definitive Proxy Statement

[X] Definitive Additional Materials
[ ] Soliciting Material Pursuant to sec.240.14a-11(c) or sec.240.14a-12
[ ] Confidential, for Use of the Commission Only (as permitted by Rule
    14a-6(e)(2))

                   LIBERTY - STEIN ROE FUNDS INVESTMENT TRUST

                     LIBERTY - STEIN ROE FUNDS INCOME TRUST

                    LIBERTY - STEIN ROE FUNDS MUNICIPAL TRUST


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                                                              Important Reminder


                             Stein Roe Mutual Funds
                  One Financial Center o Boston, Massachusetts
                                                              September 10, 2001

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                         SPECIAL MEETING OF SHAREHOLDERS
                   TO BE HELD ON WEDNESDAY, SEPTEMBER 26, 2001

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Dear Shareholder:

Recently,  we  distributed  proxy  material  regarding  the  Special  Meeting of
Shareholders  scheduled to take place on  Wednesday,  September  26,  2001.  The
Funds' records  indicate that we have not received your vote. We urge you to act
promptly in order to allow us to obtain a sufficient number of votes to hold the
Meeting as scheduled and avoid the possibility of an  adjournment.  In order for
your shares to be  represented,  we must receive your  instructions on or before
September 26, 2001.

For  your  convenience,  we have  established  three  easy  methods  by which to
register your vote:

1.   By Internet:  Log onto  www.steinroe.com  and have your proxy card
                   available. Click on the proxy link and follow the
                   instructions provided.

2.   By Phone:     Call  1-888-832-5694.  Representatives are available to take
                   your vote Monday through Friday between 9 a.m. and 11 p.m.
                   and Saturday noon to 6 p.m. eastern time.

3.   By  Mail:     Complete your proxy  card  and  return  it  in  the  enclosed
                   postage-paid  envelope.  We recommend,  however,  that you
                   vote by phone or Internet, if possible, as that will improve
                   the chances that your vote will be received in time for the
                   Meeting.


                      PLEASE TAKE THE TIME AND VOTE TODAY!


If you should have any questions  regarding the meeting  agenda or the execution
of your proxy,  please call  Georgeson  Shareholder  Communications,  the Funds'
proxy  agent,  at  1-888-832-5694.  If you have  already  cast your vote for the
Meeting, please disregard this notice.

Thank you for your prompt attention and continued support.