File No. 333-61749
Rule 497(e)
STEIN ROE INSTITUTIONAL FLOATING RATE INCOME FUND
Supplement to Nov. 20, 1998 Prospectus
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REDUCTION OF FEES. Effective August 3, 1999, the annual
management fee was decreased from 0.85% of average net assets to
0.45%; and the annual administrative fee was reduced from 0.25% of
average net assets to 0.20%.
REPURCHASE REQUEST DEADLINES. Quarterly Repurchase Request
Deadlines will be on the 15th day in each of the months of March,
June, September and December. If the 15th is a weekend or
holiday, the Repurchase Request Deadline will be the next business
day.
This Supplement is Dated August 3, 1999
