June 22, 2000
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: Stein Roe Advisor Floating Rate Fund
File Nos. 811-09709 & 333-91637
Liberty-Stein Roe Advisor Floating Rate Advantage Fund
File Nos. 811-09709 & 333-91637
(together, the "Funds")
Dear Sir/Madam:
Pursuant to the requirements of Rule 497(e), submitted for filing via EDGAR is
the form of a Prospectus Supplement dated June 22, 2000, which is now being used
in connection with the public offering and sale of shares of the Funds. Please
be advised that the each Fund's Statement of Additional Information and Annual
Report (each of which was filed via EDGAR) have not been revised since the date
of the last filing.
Sincerely,
Stein Roe Advisor Floating Rate Fund
Stein Roe Advisor Floating Rate Advantage Fund
William Ballou
Assistant Secretary
Enclosures
cc: Cameron Avery, Bell Boyd & Lloyd
J. DiMaria (PWC)
Deborah Young (2)
Blue Sky
Jim Fellows
Brian Good
Wendy Rauch
Marlys Jarstfer
LIBERTY-STEIN ROE ADVISOR FLOATING RATE ADVANTAGE FUND
STEIN ROE ADVISOR FLOATING RATE FUND
Class A, B and C Shares Supplement to Prospectuses
(ReplacingSupplement dated May 1, 2000)
During the period May 1 through June 30, 2000, for Stein Roe Advisor Floating
Rate Fund, and May 1 through September 30, 2000 for Liberty-Stein Roe Advisor
Floating Rate Advantage Fund, shareholders will pay a reduced sales charge on
purchases of Class A shares according to the following table:
Dollar Amount of
Transaction Sales Charge
Less than $100,000 1.50%
$100,000 to less than $500,000 1.50%
$500,000 to less than $1,000,000 1.25%
$1,000,000 or more 0.00%
Purchases of $1,000,000 to $5,000,000 are subject to a 1.00% Early Withdrawal
Charge (calculated on the lesser of cost or market value) on redemptions within
18 months from the first day of the month following each purchase. The portion
of a purchase in excess of $5,000,000 will not be subject to the Early
Withdrawal Charge.
FR-36/908B-0600 June 22, 2000
