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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
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<SEC-DOCUMENT>0000912057-01-523622.txt : 20010713
<SEC-HEADER>0000912057-01-523622.hdr.sgml : 20010713
ACCESSION NUMBER:		0000912057-01-523622
CONFORMED SUBMISSION TYPE:	497
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20010712

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			RS INVESTMENT TRUST
		CENTRAL INDEX KEY:			0000814232
		STANDARD INDUSTRIAL CLASSIFICATION:	 []
		IRS NUMBER:				946649069
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		497
		SEC ACT:		
		SEC FILE NUMBER:	033-16439
		FILM NUMBER:		1680175

	BUSINESS ADDRESS:	
		STREET 1:		555 CALIFORNIA ST STE 2600
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94104
		BUSINESS PHONE:		8007663863

	MAIL ADDRESS:	
		STREET 1:		555 CALIFORNIA ST.
		STREET 2:		SUITE 2600
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94104

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ROBERTSON STEPHENS INVESTMENT TRUST
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ROBERTSON STEPHENS EMERGING GROWTH FD
		DATE OF NAME CHANGE:	19920315

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ROBERTSON STEPHENS EMERGING GROWTH FUND
		DATE OF NAME CHANGE:	19920312
</SEC-HEADER>
<DOCUMENT>
<TYPE>497
<SEQUENCE>1
<FILENAME>a2054139z497.txt
<DESCRIPTION>497
<TEXT>

<PAGE>

                             RS INVESTMENT TRUST

                            PROSPECTUS SUPPLEMENT
                       TO PROSPECTUS DATED MAY 1, 2001


THE INFORMATION AGE FUND AND RS VALUE + GROWTH FUND

RS Investment Management, L.P. serves as investment adviser to The
Information Age Fund and RS Value + Growth Fund.  RS Investment Management,
L.P. furnishes a continuing investment program for those Funds and makes
investment decisions on their behalf.

The Information Age Fund is managed by James L. Callinan and Stephen J.
Bishop.  The Value + Growth Fund is managed by a team of investment
professionals at RS Investments led by John L. Wallace.  Information
regarding Messrs. Bishop, Callinan, and Wallace appears on pages 42 - 43 of
the Prospectus.  Elijah Asset Management, LLC no longer serves as sub-adviser
to either of those Funds.


July 11, 2001


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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