SCHEDULE 14A
SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of
the Securities Exchange Act of 1934
(Amendment No. __)
Filed by the Registrant [X]
Filed by a Party other than the Registrant [ ]
Check the appropriate box:
[ ] Preliminary Proxy Statement
[ ] Confidential, for Use of the Commission Only (as permitted by Rule
14a-6(e)(2))
[ ] Definitive Proxy Statement
[X] Definitive Additional Materials
[ ] Soliciting Material Pursuant to Section 240.14a-11(c) or Section
240.14a-12
USAA Investment Trust
(Name of Registrant as Specified In Its Charter)
_________________________________________________________________
(Name of Person(s) Filing Proxy Statement,
if other than the Registrant)
Payment of Filing Fee (Check the appropriate box):
[X] No fee required.
[ ] Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.
1) Title of each class of securities to which transaction applies:
___________________________________________________________________________
2) Aggregate number of securities to which transaction applies:
___________________________________________________________________________
3) Per unit price or other underlying value of transaction computed pursuant
to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is
calculated and state how it was determined):
___________________________________________________________________________
4) Proposed maximum aggregate value of transaction:
___________________________________________________________________________
5) Total fees paid:
___________________________________________________________________________
[ ] Fee paid previously with preliminary materials.
[ ] Check box if any part of the fee is offset as provided by Exchange Act
Rule 0-11(a)(2) and identify the filing for which the offsetting fee was
paid previously. Identify the previous filing by registration statement
number, or the Form or Schedule and the date of its filing.
1) Amount Previously Paid:
___________________________________________________________________________
2) Form, Schedule or Registration Statement No.:
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3) Filing Party:
___________________________________________________________________________
4) Date Filed:
___________________________________________________________________________
ARTICLE PUBLISHED IN INSIDE USAA
GET OUT THE VOTE
IMCO SEEKS SHAREHOLDER INPUT
Check your mailboxes. If, as of May 25, you owned shares in any of the 40 USAA
mutual funds, you are eligible to vote on the following important proposals to:
* Elect directors of each fund
* Amend or eliminate certain investment restrictions
* Approve a change in the Gold Fund's concentration policy
* Approve a new advisory agreement with IMCO for certain funds
as part of a broader initiative to restructure the fund's service and
fee arrangements
* Approve a sub-advisory agreement for the S&P 500 Index Fund and permit IMCO
to change the fund's sub-adviser in the future without shareholder approval
A key feature of the proposal to approve a new advisory agreement is the use of
performance-based pricing across all USAA funds, except money market and index
funds. This feature would align IMCO's interest with that of fund shareholders.
IMCO, like all other USAA companies, continually measures itself against
industry leaders such as Vanguard, Fidelity, T. Rowe Price, Janus and others.
And, according to IMCO's internal performance measures, USAA funds, in many
cases, exceed those managed by competitors. IMCO management believes this makes
performance-based pricing attractive to both IMCO and the funds' shareholders.
If you're a shareholder, you should vote soon by casting your vote in one of
the following ways:
* On the Internet at WWW.PROXYVOTE.COM
* By calling toll free at 1-800-690-6903
* By mail
* In person at the shareholder meeting.
The shareholder meeting is scheduled Friday, July 20, at 2 p.m. in the
McDermott Building auditorium at the San Antonio office. It is important that
shareholders cast their vote on these proposals.
SCRIPT FOR PROXY SOLICITATION
- -------------------------------------------------------------------------------
"Hello. My name is ______. I'm calling on behalf of USAA Investment Management
Company (IMCO). May I speak with ____? Briefly, you were sent a proxy statement
for the USAA Mutual Funds shareholder meeting to be held on July 20, 2001. Have
you had a chance to vote yet?" yet?"
- -------------------------------------------------------------------------------
YES NO
[ARROW] [ARROW]
- --------------------------- ------------------------------------
"Thank You very much for "If you like, we can quickly review
your prompt response. Have the proposals and you can vote by
a nice ___. telephone right now. Would you like
- --------------------------- [ARROW] to do that?"
YES ------------------------------------
[ARROW] NO
[ARROW]
- ----------------------------------------
"Would you like to vote as recommended
by the Mutual Funds Board of Directors?"
- ----------------------------------------
NO YES [ARROW]
[ARROW]
[ARROW]
------------------------------------------
"I have recorded your vote and will send a
printed confirmation to (address). Is this
the correct address?" If not, obtain the
correct address. "And, for your protection,
could you tell me the last four digits of
your social security number?"
------------------------------------------
YES
- ----------------------------------------- [ARROW]
"Would you like to review the proposals?"
- -----------------------------------------
NO YES (READ BRIEFLY)
[ARROW]
- -----------------------------------------
"Thank you very much for your time.
Your Mutual Funds Board of Directors
would really appreciate a prompt
response. As a reminder, when you [ARROW]
are ready, you can vote by internet,
by phone, or by mailing your card. If
you have any questions about your
proxy, please call a USAA representative
at 1-800-245-4275."
- -----------------------------------------
- -------------------------------------------------------------------------------
"Thank you for your time and have a good ______."
- -------------------------------------------------------------------------------
===============================================================================
MACHINE: This message is to remind you that a USAA Mutual Funds shareholder
meeting is scheduled for July 20, 2001. To quickly vote your shares over the
telephone, simply call (888) 696-3158. When calling please refer to record #__.
Representatives are available until 11:00 p.m. eastern time and will be happy
to assist. Your vote is important! Thank you. you.
===============================================================================
"Hello, my name is ____. I will be recording your vote.
"Would you like to vote as recommended by the Board of Directors?"
If not voting "FOR" all the proposals, ask for vote on
each proposal as applicable to each of the funds owned.
Example: "Regarding your Money Market Fund, how do you
vote on Proposal 1? Proposal 2? Etc.
"I have recorded your vote and will send a printed confirmation
to (address). Is this the correct address?" If not, obtain the
correct address. "And, for your protection, could you tell me
the last four digits of your social security number?"
"Thank you for your time and have a good ____."
- -------------------------------------------------------------------------------
"Hello. This is ______. I'm calling from USAA Investment Management Company
(IMCO). May I speak with ____? Briefly, you were sent a proxy statement for the
USAA Mutual Funds shareholder meeting to be held on July 20, 2001. Have you had
a chance to vote yet?"
- -------------------------------------------------------------------------------
YES NO
[ARROW] [ARROW]
- ----------------- ----------------------
"Thank you very "If you like, we can
much for your quickly review the --------------------------
prompt response. proposals and you can NO "Thank you very much for
Have a nice ___." vote by telephone [ARROW] your time. Your Mutual
- ----------------- right now. Would you Funds Board of Directors
like to do that?" would really appreciate
---------------------- a prompt response. As a
YES reminder, when you are
[ARROW] ready, you can vote by
internet, by phone, or
by mailing your card. If
you have any questions
about your proxy, please
call a USAA representative
at 1-800-245-4275."
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Explain that you will be transferring
to Shareholder Communications so that
they may register the vote and mail a
confirmation statement.
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