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Liberty-Stein Roe Advisor Trust
LIBERTY INTERMEDIATE BOND FUND
STEIN ROE ADVISOR HIGH-YIELD MUNICIPALS FUND
Class K Shares
(the "Funds")
SUPPLEMENT TO PROSPECTUS
dated November 1, 2000
On November 13, 2000, the Board of Trustees that oversees each of the Funds,
decided to liquidate Liberty Intermediate Bond Fund and Stein Roe Advisor
High-Yield Municipals Fund as of the close of business on December 20, 2000. The
Trustee's decision was based on the determination that each Fund had failed to
grow to a sufficient size to be operated on a cost-effective basis. In
connection with the liquidation of the Funds, the Board of Trustees has
suspended the sale of each Fund's shares. Consequently, purchase orders for Fund
shares received after December 1, 2000, (except those purchases that are part of
the Automatic Investment Plan, Automated Dollar Cost Averaging program,
Automatic Dividend Diversification program, dividend reinvestments and
contributions to certain existing retirement plan accounts) will be rejected by
the Funds.
November 30, 2000
Job code
