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Stein Roe Advisor Trust Advisor Growth Stock Fund Supplement to Prospectus dated October 15, 1997 Liberty Financial Investments, Inc. (the "Distributor") has extended the period for which the Distributor will pay financial service firms 100% of the initial sales charge attributable to Class A and Class B share purchases, through January 31, 1998. This Supplement is Dated Jan. 2, 1998
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