497

Financial Investors Trust

1290 Broadway, Suite 1100

Denver, Colorado 80203

January 11, 2013

Via EDGAR

Mr. Edward Bartz

Division of Investment Management

U.S. Securities and Exchange Commission

100 F Street, N.E.

Washington, DC 20549

Re: Financial Investors Trust (the “Registrant”)

Vulcan Value Partners Fund and Vulcan Value Partners Small Cap Fund (the “Funds”)

File Nos. 33-72424, 811-8194

Dear Mr. Bartz:

On behalf of the Registrant and pursuant to Rule 497(e) under the Securities Act of 1933, as amended, attached for filing are exhibits containing interactive data format risk/return summary information that mirrors the risk/return summary information contained in a supplement dated December 31, 2012, to the prospectus dated August 31, 2012, with respect to the Funds. The purpose of this filing is to submit the 497(e) filing dated December 31, 2012 in XBRL for the Funds.

If you have any questions or further comments, please contact the undersigned at (720) 917-0864.

Very truly yours,

/s/ David T. Buhler

David T. Buhler

Secretary of Financial Investors Trust

cc: Peter H. Schwartz, Esq., Davis Graham & Stubbs LLP

XML

FINANCIAL INVESTORS TRUST

Vulcan Value Partners Fund

Vulcan Value Partners Small Cap Fund

SUPPLEMENT DATED DECEMBER 31, 2012 TO THE PROSPECTUS FOR VULCAN VALUE PARTNERS FUND AND VULCAN VALUE PARTNERS SMALL CAP FUND DATED AUGUST 31, 2012.

Prospectus

Effective January 1, 2013, the section "Fees and Expenses of the Fund" in the summary section of for the Vulcan Value Partners Small Cap Fund is hereby deleted and replaced in its entirety with the following:

FEES AND EXPENSES OF THE FUND

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder Fees (fees paid directly from your investment)
Redemption Fee (as a percentage of exchange price or amount redeemed within 90 days of purchase)	2.00%
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Management Fees	1.15%
Other Expenses	0.61%
Total Annual Fund Operating Expenses	1.76%
Fee Waiver and Expense Reimbursement(1)	-0.51%
Total Annual Fund Operating Expenses After Fee Waiver/Expense Reimbursement	1.25%

⁽¹⁾ Vulcan Value Partners, LLC ("Vulcan" or the "Adviser") has contractually agreed to limit the Fund's total annual fund operating expenses (exclusive of Acquired Fund Fees and Expenses, brokerage expenses, interest expense, taxes and extraordinary expenses) to 1.25% of the Fund's average daily net assets. This agreement is in effect through August 31, 2013. If the Adviser foregoes any fees and/or reimburses the Fund pursuant to this letter agreement with respect to a particular fiscal year, then the Adviser shall be entitled to recover from the Fund the amount foregone or reimbursed to the extent that the Fund's expenses in later periods fall below the annual rates set forth in the relevant agreement. The Adviser may not discontinue this waiver without the approval by the Fund's Board of Trustees.

EXAMPLE

This example is intended to help you compare the costs of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Number of Years You Own Your Shares	1 Year	3 Years	5 Years	10 Years
You would pay the following expenses if you did not redeem your shares:	$127	$504	$906	$2,028

XML

Label

Element

Value

Risk/Return:

rr_RiskReturnAbstract

Registrant Name

dei_EntityRegistrantName

FINANCIAL INVESTORS TRUST

Prospectus Date

rr_ProspectusDate

Aug. 31, 2012

Supplement [Text Block]

fit4_SupplementTextBlock

FINANCIAL INVESTORS TRUST

Vulcan Value Partners Fund

Vulcan Value Partners Small Cap Fund

SUPPLEMENT DATED DECEMBER 31, 2012 TO THE PROSPECTUS FOR VULCAN VALUE PARTNERS FUND AND VULCAN VALUE PARTNERS SMALL CAP FUND DATED AUGUST 31, 2012.

Prospectus

Effective January 1, 2013, the section "Fees and Expenses of the Fund" in the summary section of for the Vulcan Value Partners Small Cap Fund is hereby deleted and replaced in its entirety with the following:

FEES AND EXPENSES OF THE FUND

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder Fees (fees paid directly from your investment)
Redemption Fee (as a percentage of exchange price or amount redeemed within 90 days of purchase)	2.00%
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Management Fees	1.15%
Other Expenses	0.61%
Total Annual Fund Operating Expenses	1.76%
Fee Waiver and Expense Reimbursement(1)	-0.51%
Total Annual Fund Operating Expenses After Fee Waiver/Expense Reimbursement	1.25%

⁽¹⁾ Vulcan Value Partners, LLC ("Vulcan" or the "Adviser") has contractually agreed to limit the Fund's total annual fund operating expenses (exclusive of Acquired Fund Fees and Expenses, brokerage expenses, interest expense, taxes and extraordinary expenses) to 1.25% of the Fund's average daily net assets. This agreement is in effect through August 31, 2013. If the Adviser foregoes any fees and/or reimburses the Fund pursuant to this letter agreement with respect to a particular fiscal year, then the Adviser shall be entitled to recover from the Fund the amount foregone or reimbursed to the extent that the Fund's expenses in later periods fall below the annual rates set forth in the relevant agreement. The Adviser may not discontinue this waiver without the approval by the Fund's Board of Trustees.

EXAMPLE

This example is intended to help you compare the costs of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Number of Years You Own Your Shares	1 Year	3 Years	5 Years	10 Years
You would pay the following expenses if you did not redeem your shares:	$127	$504	$906	$2,028

Vulcan Value Partners Small Cap Fund

Risk/Return:

rr_RiskReturnAbstract

Supplement [Text Block]

fit4_SupplementTextBlock

FINANCIAL INVESTORS TRUST

Vulcan Value Partners Fund

Vulcan Value Partners Small Cap Fund

SUPPLEMENT DATED DECEMBER 31, 2012 TO THE PROSPECTUS FOR VULCAN VALUE PARTNERS FUND AND VULCAN VALUE PARTNERS SMALL CAP FUND DATED AUGUST 31, 2012.

Prospectus

Effective January 1, 2013, the section "Fees and Expenses of the Fund" in the summary section of for the Vulcan Value Partners Small Cap Fund is hereby deleted and replaced in its entirety with the following:

FEES AND EXPENSES OF THE FUND

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder Fees (fees paid directly from your investment)
Redemption Fee (as a percentage of exchange price or amount redeemed within 90 days of purchase)	2.00%
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Management Fees	1.15%
Other Expenses	0.61%
Total Annual Fund Operating Expenses	1.76%
Fee Waiver and Expense Reimbursement(1)	-0.51%
Total Annual Fund Operating Expenses After Fee Waiver/Expense Reimbursement	1.25%

⁽¹⁾ Vulcan Value Partners, LLC ("Vulcan" or the "Adviser") has contractually agreed to limit the Fund's total annual fund operating expenses (exclusive of Acquired Fund Fees and Expenses, brokerage expenses, interest expense, taxes and extraordinary expenses) to 1.25% of the Fund's average daily net assets. This agreement is in effect through August 31, 2013. If the Adviser foregoes any fees and/or reimburses the Fund pursuant to this letter agreement with respect to a particular fiscal year, then the Adviser shall be entitled to recover from the Fund the amount foregone or reimbursed to the extent that the Fund's expenses in later periods fall below the annual rates set forth in the relevant agreement. The Adviser may not discontinue this waiver without the approval by the Fund's Board of Trustees.

EXAMPLE

This example is intended to help you compare the costs of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Number of Years You Own Your Shares	1 Year	3 Years	5 Years	10 Years
You would pay the following expenses if you did not redeem your shares:	$127	$504	$906	$2,028

Expense [Heading]

rr_ExpenseHeading

FEES AND EXPENSES OF THE FUND

Expense Narrative [Text Block]

rr_ExpenseNarrativeTextBlock

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder Fees Caption [Text]

rr_ShareholderFeesCaption

Shareholder Fees (fees paid directly from your investment)

Operating Expenses Caption [Text]

rr_OperatingExpensesCaption

Annual Fund Operating Expenses
    (expenses that you pay each year as a percentage of the value of your investment)

Fee Waiver or Reimbursement over Assets, Date of Termination

rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination

August 31, 2013

Expense Example [Heading]

rr_ExpenseExampleHeading

EXAMPLE

Expense Example Narrative [Text Block]

rr_ExpenseExampleNarrativeTextBlock

This example is intended to help you compare the costs of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Expense Example, No Redemption, By Year, Caption [Text]

rr_ExpenseExampleNoRedemptionByYearCaption

You would pay the following expenses if you did not redeem your shares:

Vulcan Value Partners Small Cap Fund | Vulcan Value Partners Small Cap Fund

Risk/Return:

rr_RiskReturnAbstract

Redemption Fee (as a percentage of exchange price or amount redeemed within 90 days of purchase)

rr_RedemptionFeeOverRedemption

2.00%

Management Fees

rr_ManagementFeesOverAssets

1.15%

Other Expenses

rr_OtherExpensesOverAssets

0.61%

Total Annual Fund Operating Expenses

rr_ExpensesOverAssets

1.76%

Fee Waiver and Expense Reimbursement

rr_FeeWaiverOrReimbursementOverAssets

(0.51%)

^[1]

Total Annual Fund Operating Expenses After Fee Waiver/Expense Reimbursement

rr_NetExpensesOverAssets

1.25%

1 Year

rr_ExpenseExampleNoRedemptionYear01

127

3 Years

rr_ExpenseExampleNoRedemptionYear03

504

5 Years

rr_ExpenseExampleNoRedemptionYear05

906

10 Years

rr_ExpenseExampleNoRedemptionYear10

2,028

[1] Vulcan Value Partners, LLC ("Vulcan" or the "Adviser") has contractually agreed to limit the Fund's total annual fund operating expenses (exclusive of Acquired Fund Fees and Expenses, brokerage expenses, interest expense, taxes and extraordinary expenses) to 1.25% of the Fund's average daily net assets. This agreement is in effect through August 31, 2013. If the Adviser foregoes any fees and/or reimburses the Fund pursuant to this letter agreement with respect to a particular fiscal year, then the Adviser shall be entitled to recover from the Fund the amount foregone or reimbursed to the extent that the Fund's expenses in later periods fall below the annual rates set forth in the relevant agreement. The Adviser may not discontinue this waiver without the approval by the Fund's Board of Trustees.

XML

Document and Entity Information	12 Months Ended
	Aug. 31, 2012
Risk/Return:
Document Type	Other
Document Period End Date	Apr. 30, 2012
Registrant Name	FINANCIAL INVESTORS TRUST
Central Index Key	0000915802
Amendment Flag	false
Document Creation Date	Dec. 31, 2012
Document Effective Date	Dec. 31, 2012
Prospectus Date	Aug. 31, 2012

XML

Label	Element	Value
Risk/Return:	rr_RiskReturnAbstract
Registrant Name	dei_EntityRegistrantName	FINANCIAL INVESTORS TRUST
Prospectus Date	rr_ProspectusDate	Aug. 31, 2012
Document Creation Date	dei_DocumentCreationDate	Dec. 31, 2012