[USAA                         USAA INVESTMENT TRUST
EAGLE                       CORNERSTONE STRATEGY FUND
LOGO]
                          SUPPLEMENT DATED APRIL 5, 2002
                                TO THE PROSPECTUS
                              DATED OCTOBER 1, 2001


EFFECTIVE MARCH 29, 2002, R. DAVID ULLOM IS THE ASSET ALLOCATION  MANAGER OF THE
CORNERSTONE  STRATEGY  FUND.  PAGES  15-16 OF THE  PROSPECTUS  UNDER THE HEADING
PORTFOLIO MANAGERS IS AMENDED TO REFLECT THE FOLLOWING CHANGE:

PORTFOLIO MANAGERS

U.S.  STOCKS

R. David Ullom,  CFA,  assistant  vice president of Equity  Investments,  is the
asset  allocation  manager and has managed the U.S. Stocks  investment  category
since August 1998. He has 26 years'  investment  management  experience  and has
worked for us for 15 years.  Mr. Ullom earned the  Chartered  Financial  Analyst
designation in 1980 and is a member of the Association for Investment Management
and Research and the San Antonio Financial  Analysts  Society,  Inc. He holds an
MBA  from  Washington  University,  Missouri,  and  a  BS  from  Oklahoma  State
University.

PRECIOUS METALS AND MINERALS SECURITIES
AND REAL ESTATE SECURITIES

Mark W.  Johnson,  CFA,  assistant  vice  president of Equity  Investments,  has
managed the Precious Metals and Minerals  Securities and Real Estate  Securities
investment categories since January 1994. He has 27 years' investment management
experience and has worked for us for 13 years.  Mr. Johnson earned the Chartered
Financial  Analyst  designation in 1978 and is a member of the  Association  for
Investment  Management  and  Research  and the San  Antonio  Financial  Analysts
Society, Inc. He holds an MBA and a BBA from the University of Michigan.

               PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERNCE


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