COLONIAL INVESTMENT GRADE INTERVAL TRUST
497, 2000-01-27
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                       COLONIAL INVESTMENT GRADE BOND FUND
                             Class A, B and C Shares

                 Supplement to Prospectus dated January 18, 2000

During the period  February 1 through  April 30, 2000,  shareholders  will pay a
reduced  sales charge on purchases of Class A shares  according to the following
table:

         Dollar Amount of
           Transaction                  Sales Charge

Less than $100,000                          1.50%
$100,000 to less than $500,000              1.50%
$500,000 to less than $1,000,000            1.25%
$1,000,000 or more                          0.00%

Purchases of $1,000,000 to  $5,000,000  are subject to a 1.00% Early  Withdrawal
Charge  (calculated on the lesser of cost or market value) on redemptions within
18 months from the first day of the month  following each purchase.  The portion
of a  purchase  in  excess  of  $5,000,000  will  not be  subject  to the  Early
Withdrawal Charge.





766-36/256A-0100                        February 1, 2000



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