FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange
Act of 1934, Section 17(a) of the Public Utility Holding
Company Act of 1935 or Section 30(f) of the Investment
Company Act of 1940
(Print or Type Responses)
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1. Name and Address of Reporting Person*
Boyd William W.
(Last) (First) (Middle)
c/o Stein Roe Institutional Floating Rate Income Fund
One South Wacker Drive, Suite 3200
(Street)
Chicago IL 60606
(City) (State) (Zip)
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2. Date of Event Requiring Statement (Month/Day/Year)
11/20/98
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Issuer Name and Ticker or Trading Symbol
Stein Roe Institutional Floating Rate Income Fund
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__ Director __10% Owner
__ Officer (give X Other (specify below)
title below)
Trustee
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6. If Amendment, Date of Original (Month/Day/Year)
10/2/98
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7. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
__ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Beneficially Owned
<TABLE>
<CAPTION>
1. Title of Security 2. Amount of Securities 3. Ownership 4. Nature of Indirect
(Instr. 4) Beneficially Owned Form: Direct Beneficial Owner-
(Instr. 4) (D) or Indirect ship
(I) (Instr. 5) (Instr. 5)
<C> <S> <S> <S>
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</TABLE>
Reminder: Report on a separate line for each class of securities
beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see
Instruction 5(b)(v).
(Over)
SEC 1473 (7-96)
<PAGE 2>
FORM 3 (continued)
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible
securities)
<TABLE>
<CAPTION>
1. Title of Derivative 2. Date Exer- 3. Title and Amount 4. Conver- 5. Owner- 6. Nature
Security (Instr. 4) cisable and of Securities sion or ship of
Expiration Underlying Deriv- Exercise Form of Indirect
Date (Month/ ative Security Price of Deriv- Beneficial
(Day/Year) (Instr. 4) Derivative ative Ownership
--------------- ----------------- Security Security: (Instr. 5)
Date Expira- Amount or Direct (D)
Exer- tion Number or In-
cisable Date of direct (I)
Title Shares (Instr. 5)
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<C> <S> <S> <S> <S> <S> <S> <S>
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</TABLE>
Explanation of Responses:
** Intentional misstatements or omissions of facts constitute
Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C.
78ff(a).
Note: File three copies of this Form, one of which must be
manually signed. If space is insufficient, See Instruction 6 for
procedure.
Potential persons who are to respond to the collection of
information contained in this form are not required to respond
unless the form displays a currently valid OMB Number.
HEIDI J. WALTER 11/24/98
**Signature of Reporting Person Date
Attorney in fact
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SEC 1473 (7-96)
