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File No. 333-61751 Rule 497(e) STEIN ROE FLOATING RATE INCOME FUND Supplement to Nov. 20, 1998 Prospectus Effective June 29, 1999, Stein Roe Floating Rate Income Fund is closed to new investors. Existing shareholders may continue to make investments in the Fund. This Supplement is Dated June 29, 1999
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