File No. 333-11351
Rule 497(e)
LIBERTY-STEIN ROE INSTITUTIONAL FLOATING RATE INCOME FUND
(formerly named Stein Roe Institutional Floating Rate Income Fund)
Supplement to November 20, 1998 Prospectus
_________________________
The name of Stein Roe Institutional Floating Rate Income Fund has
changed to Liberty-Stein Roe Institutional Floating Rate Income
Fund.
This Supplement is Dated November 8, 1999
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LIBERTY-STEIN ROE INSTITUTIONAL FLOATING RATE INCOME FUND
(formerly named Stein Roe Institutional Floating Rate Income Fund)
Supplement to November 20, 1998 Statement of
Additional Information
_________________________
The name of Stein Roe Institutional Floating Rate Income Fund has
changed to Liberty-Stein Roe Institutional Floating Rate Income
Fund effective October 18, 1999.
This Supplement is Dated November 8, 1999