COLONIAL TRUST I, 497, 1996-10-01

COLONIAL TRUST I
497, 1996-10-01

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                       COLONIAL HIGH YIELD MUNICIPAL FUND
                       COLONIAL HIGH YIELD SECURITIES FUND
                         COLONIAL STRATEGIC INCOME FUND
                           COLONIAL NEWPORT TIGER FUND

                            Supplement to Prospectus

During the period from October 1, 1996 through November 30, 1996 (Sales Period),
unless  extended  by  Colonial  Investment  Services,  Inc.  (Distributor),  the
Distributor  will pay to each of A.G.  Edwards & Sons,  Inc., Royal Alliance and
SunAmerica (collectively,  the "Brokers") 100% of the applicable sales charge on
Class A shares of each of the funds  listed  above  (Funds)  sold by the Brokers
during the Sales Period.  In addition,  the Distributor  will pay the Brokers an
additional  commission  equal  to 0.50% of the net  asset  value of the  Class B
shares of the Funds,  and 0.15% of the net asset  value of the Class D shares of
the Funds, if applicable, sold by the Brokers during the Sales Period.

D-749C-0996                           October 1, 1996