WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001068200
<NAME> LIBERTY-STEIN ROE ADVISOR FLOATING RATE FUND
<SERIES>
<NUMBER> 0
<NAME> LSRAFRFA
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> AUG-31-2000
<PERIOD-START> SEP-01-1999
<PERIOD-END> AUG-31-2000
<INVESTMENTS-AT-COST> 322963
<INVESTMENTS-AT-VALUE> 322505
<RECEIVABLES> 0
<ASSETS-OTHER> 7760
<OTHER-ITEMS-ASSETS> 23
<TOTAL-ASSETS> 330288
<PAYABLE-FOR-SECURITIES> 769
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 106
<TOTAL-LIABILITIES> 875
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 329805
<SHARES-COMMON-STOCK> 14722
<SHARES-COMMON-PRIOR> 89
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (28)
<ACCUMULATED-NET-GAINS> 94
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (458)
<NET-ASSETS> 329413
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 9633
<OTHER-INCOME> 1
<EXPENSES-NET> 1342
<NET-INVESTMENT-INCOME> 8292
<REALIZED-GAINS-CURRENT> 94
<APPREC-INCREASE-CURRENT> (459)
<NET-CHANGE-FROM-OPS> 7927
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (3948)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 145898
<NUMBER-OF-SHARES-REDEEMED> (1278)
<SHARES-REINVESTED> 2733
<NET-CHANGE-IN-ASSETS> 328520
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1342
<AVERAGE-NET-ASSETS> 98856
<PER-SHARE-NAV-BEGIN> 10.05
<PER-SHARE-NII> 0.71
<PER-SHARE-GAIN-APPREC> (0.05)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (0.71)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.00
<EXPENSE-RATIO> 1.20%
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
