STEIN ROE ADVISOR FLOATING RATE ADVANTAGE FUND/MA
N-8A, 1999-11-24
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                     U.S. SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                                    FORM N-8A

           NOTIFICATION OF REGISTRATION FILED PURSUANT TO SECTION 8(a)
                      OF THE INVESTMENT COMPANY ACT OF 1940


The undersigned  investment  company hereby notifies the Securities and Exchange
Commission  that it registers  under and pursuant to the  provisions  of Section
8(a)  of  the  Investment  Company  Act of  1940  and in  connection  with  such
notification of registration submits the following information:

Name:          Liberty-Stein Roe Advisor Floating Rate Advantage Fund

Address of Principal Business Office:
               One Financial Center, Boston, MA  02111

Telephone Number (including area code):      (617) 426-3750

Name and address of agent for service of process:
    Nancy L. Conlin, Esq.
    Colonial Management Associates, Inc.
    One Financial Center
    Boston, Massachusetts 02111

with copies to:
    Stacy Winick
    Bell, Boyd & Lloyd
    70 West Madison St. Suite 3300
    Chicago, IL 60602-4207

Check Appropriate Box:

          Registrant is filing a Registration Statement pursuant to Section 8(b)
          of the Investment Company Act of 1940 concurrently with the filing of
          Form N-8A:     [x]  Yes      [ ] No



<PAGE>



                                   SIGNATURES

         A copy of the Agreement and Declaration of Trust of  Liberty-Stein  Roe
Advisor  Floating Rate  Advantage Fund is on file with the Secretary of State of
The  Commonwealth  of  Massachusetts,  and  notice  is  hereby  given  that this
instrument  is  executed  on behalf of the Trust by an officer or Trustee of the
Trust in his or her  capacity  as an  officer  or  Trustee  of the Trust and not
individually  and that the  obligations of or arising out of this instrument are
not binding upon any of the Trustees, officers, or shareholders individually but
are binding only upon the assets and property of the Trust.

         Pursuant to the requirements of the Investment Company Act of 1940, the
Registrant has caused this Notification of Registration to be duly signed on its
behalf in the City of Boston and The  Commonwealth of  Massachusetts on the 24th
day of November,1999.

                                     LIBERTY-STEIN ROE ADVISOR
                                  FLOATING RATE ADVANTAGE FUND





                                       By: /s/ STEPHEN E. GIBSON
                                             --------------------
                                               Stephen E. Gibson
                                               President




Attest: /s/WILLIAM J. BALLOU
       ------------------
           William J. Ballou
           Assistant Secretary



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