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 Mutual Funds 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:
___________________________________________________________________________
[GRAPHIC OMITTED] YOUR VOTE COUNTS.
>> VOTE TODAY.
[ ] Review the proxy statement and submit your vote
YOUR VOTE COUNTS --------------------------------
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A special message from the CEO
REVIEW PROXY STATEMENT, SUBMIT VOTE
Summary of the proposals
If you owned a USAA mutual fund as of MAY 26,
2006, you recently received a proxy statement in
the mail. It tells you about important issues that
affect USAA mutual funds.
USAA's mutual fund board of directors carefully
considered the proposals and recommends voting IN
FAVOR OF all of the proposals. Your "FOR" vote on
these issues will enable us to meet your future
investment needs with the quality you expect.
Please review your proxy statement and submit your
vote on or before the shareholder meeting on JULY
19, 2006.
BEFORE YOU VOTE
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* Read your proxy statement and determine your vote.
* Have your proxy card(s) available. You should have a separate proxy
card for each of your accounts.
* If you did not receive proxy card(s) or if you have questions about
voting, call Summary of the proposals toll-free, 1-800-531-8448.
FOUR WAYS TO VOTE
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1. INTERNET
* Go to: PROXYVOTE.COM
* Enter the 12-digit control number from
each proxy card. This number can be found
[arrow] in the box next to the arrow
* Follow the instructions on the site.
* Submit your vote separately for each
proxy card you received.
2. PHONE
* Call toll-free 1-800-690-6903.
* Enter the 12-digit control number from
each proxy card. This number can be found
[arrow] in the box next to the arrow
* Follow the recorded instructions.
3. MAIL
* Mark your choices and sign each proxy card.
* Return completed proxy card(s) in the provided postage-paid envelope
4. IN PERSON
* You are invited to attend the mutual fund shareholder meeting:
JULY 19, 2006, 2:00 p.m. Central Time
USAA Building, McDermott Auditorium
9800 Fredericksburg Road, San Antonio, Texas
==============================================
S A M P L E
PROXY FOR THE SHAREHOLDER MEETING
2 p.m., Central Time, on July 19, 2006
All properly executed voting instructions
will be voted as directed. If no instructions
are indicated on a properly executed proxy,
the proxy will be voted FOR approval of the
proposal(s).
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TO VOTE BY INTERNET
1) Read the Proxy Statement and have
the proxy card below at hand.
2) Go to Web site www.proxyvote.com.
3) Follow the instructions provided
on the Web site.
TO VOTE BY TELEPHONE
1) Read the Proxy Statement and have the
proxy card below at hand.
2) Call 1-800-690-6903.
3) Follow the instructions.
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Joint owners should EACH sign. Please sign
EXACTLY as your name(s) appear(s) on this
card. When signing as attorney, trustee,
executor, administrator, guardian or
corporation officer, please give your FULL
title.
THIS PROXY IS SOLICITED ON BEHALF OF THE
FUNDS' BOARD OF TRUSTEES.
NOTE: IF YOU VOTE BY PHONE OR
INTERNET, PLEASE DO NOT RETURN YOUR
VOTING INSTRUCTION CARD.
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This communication is being made on behalf of USAA Mutual Fund, Inc., USAA Tax
Exempt Fund, Inc., USAA Investment Trust and USAA Mutual Funds Trust (formerly
known as USAA State Tax-Free Trust). Shareholders of the affected USAA mutual
funds will receive a proxy statement on these matters. Shareholders should read
the proxy statement when it becomes available because it contains important
information. Shareholders may obtain an additional free copy of the proxy
statement and any other relevant documents when they become available from USAA
Investment Management Company or the SEC's Web site at WWW.SEC.GOV.
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