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.:
    ___________________________________________________________________________

3)  Filing Party:
    ___________________________________________________________________________

4)  Date Filed:
    ___________________________________________________________________________


FOR INVESTORS ONLY -  ARTICLE

HAVE YOU EXERCISED YOUR RIGHT TO VOTE?

If Americans learned anything from last fall's presidential election, it's that
every vote counts.  That truth is no less important  during this summer's proxy
vote for USAA mutual fund shareholders.

If you were a USAA mutual fund shareholder as of May 25, 2001 (the proxy record
date),  you should have  received a packet of proxy voting  materials  early in
June. The proxy packet contained--

*  a proxy statement outlining a number of important proposals,
*  a message from the Chairman and a summary of the proposals, and
*  a proxy card for each USAA mutual fund account you own.


The proxy statement  includes several  proposals  related to your fund(s),  and
asks you to  indicate  your  approval  or  disapproval  of each.  "We need your
approval of these proposals so that your association will be able to facilitate
your  investment  needs in the future with the quality  you  expect,"  said Bob
Davis,  USAA CEO and  Chairman of the USAA Mutual Fund Boards.  Therefore,  the
board of directors recommends you vote FOR all of the proposals.

If you have  already  voted,  we thank  you.  If you put it aside  for a while,
please  review your proxy  materials  and vote your  shares  before the rapidly
approaching  shareholder  meeting and final vote count on July 20, 2001. Please
vote as soon as  possible  to help us reduce  the need for  additional,  costly
mailings and phone calls.

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FOUR EASY WAYS TO VOTE

INTERNET
You'll need your 12-digit proxy control number, printed on the upper right side
of your proxy  card.  Visit  PROXYVOTE.COM,  enter your  control  number  where
indicated, and follow the instructions to complete your voting.

PHONE
You'll also need your 12-digit proxy control number, printed on the upper right
side of your proxy card.  Call the toll-free,  automated  touch-tone  telephone
system,  available 24 hours a day, seven days a week, at 1-800-690-6903.  Enter
your control number and follow the instructions to record your vote.

MAIL
Using the proxy materials sent to you in early June,  indicate your vote on the
proxy card, sign, and return it in the postage-paid  return envelope  provided.
IMPORTANT:  If you own  shares  in more  than one  account,  please  be sure to
complete, sign, and return a proxy card for each account.

IN PERSON AT THE USAA MUTUAL FUND SHAREHOLDER MEETING
The meeting  will be held on Friday,  July 20, 2001,  at 2 p.m.  CT,  McDermott
Auditorium  in the USAA  Building at 9800  Fredericksburg  Road,  San  Antonio,
Texas.
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                                  QUESTIONS?

Call  1-800-245-4275 to speak to a USAA member service  representative  who can
answer your proxy-related questions and guide you through the voting process.

                               YOUR VOTE COUNTS

                              PLEASE VOTE TODAY.