We show that two continuous inverse limit actions α and β of a locally compact group G on two pro-C *-algebras A and B are stably outer conjugate if and only if there is a full Hilbert A-module E and a continuous action u of G on E such that E and E *(the dual module of E) are countably generated in M(E)(the multiplier module of E), respectively M(E *) and the pair (E, u) implements a strong Morita equivalence between α and β. This is a generalization of a result of F. Combes [Proc. London Math. Soc. 49(1984), 289–306].