<PAGE> PAGE 1
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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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<PAGE> PAGE 18
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<PAGE> PAGE 19
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072 P000200 0
072 Q000200 65
072 R000200 31
072 S000200 4
072 T000200 658
072 U000200 0
072 V000200 0
072 W000200 19
072 X000200 2007
072 Y000200 0
072 Z000200 10727
072AA000200 9663
072BB000200 7324
072CC010200 0
072CC020200 299
072DD010200 8496
072DD020200 2180
072EE000200 0
073 A010200 0.0000
073 A020200 0.0000
073 B000200 0.0000
073 C000200 0.0000
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074 B000200 7112
074 C000200 0
074 D000200 145282
074 E000200 1256
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074 J000200 29
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074 N000200 156950
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<PAGE> PAGE 20
074 R040200 244
074 S000200 0
074 T000200 156704
074 U010200 18499
074 U020200 5591
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015 A000301 BOSTON SAFE DEPOSIT AND TRUST COMPANY
015 B000301 C
015 C010301 BOSTON
015 C020301 MA
015 C030301 02108
015 E010301 X
015 A000302 FIRST NATIONAL BANK OF BOSTON
015 B000302 S
015 C010302 BUENOS AIRES
015 D010302 ARGENTINA
015 E040302 X
015 A000303 NATIONAL AUSTRALIA BANK, LTD.
015 B000303 S
015 C010303 MELBOURNE
015 D010303 AUSTRALIA
015 E040303 X
015 A000304 CREDITANSTALT-BANKVERIEN
015 B000304 S
015 C010304 VIENNA
015 D010304 AUSTRIA
015 E040304 X
015 A000305 EUROCLEAR CLEARANCE SYSTEM
015 B000305 S
015 C010305 BRUSSELS
015 D010305 BELGIUM
015 E040305 X
015 A000306 CITIBANK, N.A.
015 B000306 S
015 C010306 SAO PAULO
015 D010306 BRAZIL
015 E040306 X
015 A000307 CANADIAN IMPERIAL BANK OF COMMERCE
015 B000307 S
015 C010307 TORONTO
015 D010307 CANADA
015 E040307 X
015 A000308 DEN DANSKE BANK
015 B000308 S
<PAGE> PAGE 21
015 C010308 COPENHAGEN
015 D010308 DENMARK
015 E040308 X
015 A000311 MERITA BANK LTD.
015 B000311 S
015 C010311 HELSINKI
015 D010311 FINLAND
015 E040311 X
015 A000312 BANQUE PARIBAS
015 B000312 S
015 C010312 PARIS
015 D010312 FRANCE
015 E040312 X
015 A000313 DRESDNER BANK A.G.
015 B000313 S
015 C010313 FRANKFURT
015 D010313 GERMANY
015 E040313 X
015 A000314 NATIONAL BANK OF GREECE
015 B000314 S
015 C010314 ATHENS
015 D010314 GREECE
015 E040314 X
015 A000315 THE HONGKONG AND SHANGHAI BANKING CORP.
015 B000315 S
015 C010315 HONG KONG
015 D010315 HONG KONG
015 E040315 X
015 A000316 THE HONGKONG AND SHANGHAI BANKING CORP.
015 B000316 S
015 C010316 JAKARTA
015 D010316 INDONESIA
015 E040316 X
015 A000317 BANK OF IRELAND
015 B000317 S
015 C010317 DUBLIN
015 D010317 IRELAND
015 E040317 X
015 A000318 MORGAN GUARANTY TRUST CO.
015 B000318 S
015 C010318 MILAN
015 D010318 ITALY
015 E040318 X
015 A000319 THE MITSUBISHI BANK, LTD.
015 B000319 S
015 C010319 TOKYO
015 D010319 JAPAN
015 E040319 X
015 A000320 CEDEL, S.A.
015 B000320 S
015 C010320 LUXEMBOURG
<PAGE> PAGE 22
015 D010320 LUXEMBOURG
015 E040320 X
015 A000321 STANDARD CHARTERED BANK
015 B000321 S
015 C010321 KUALA LUMPUR
015 D010321 MALAYSIA
015 E040321 X
015 A000322 BANCO NACIONAL DE MEXICO S.A.
015 B000322 S
015 C010322 MEXICO CITY
015 D010322 MEXICO
015 E040322 X
015 A000323 MEESPIERSON N.V.
015 B000323 S
015 C010323 AMSTERDAM
015 D010323 NETHERLANDS
015 E040323 X
015 A000324 NATIONAL NOMINEES, LTD.
015 B000324 S
015 C010324 AUCKLAND
015 D010324 NEW ZEALAND
015 E040324 X
015 A000325 NOR/UNION BANK OF NORWAY
015 B000325 S
015 C010325 OSLO
015 D010325 NORWAY
015 E040325 X
015 A000326 THE HONGKONG AND SHANGHAI BANKING CORP.
015 B000326 S
015 C010326 MANILA
015 D010326 PHILIPPINES
015 E040326 X
015 A000327 BANCO TOTTA & ACORES S.A.
015 B000327 S
015 C010327 LISBON
015 D010327 PORTUGAL
015 E040327 X
015 A000329 DEVELOPMENT BANK OF SINGAPORE
015 B000329 S
015 C010329 SINGAPORE
015 D010329 SINGAPORE
015 E040329 X
015 A000332 BANCO URQUIJO
015 B000332 S
015 C010332 MADRID
015 D010332 SPAIN
015 E040332 X
015 A000333 THE HONGKONG AND SHANGHAI BANKING CORP.
015 B000333 S
015 C010333 COLOMBO
015 D010333 SRI LANKA
<PAGE> PAGE 23
015 E040333 X
015 A000334 SVENSKA HANDELSBANKEN
015 B000334 S
015 C010334 STOCKHOLM
015 D010334 SWEDEN
015 E040334 X
015 A000335 BANK LEU LTD.
015 B000335 S
015 C010335 ZURICH
015 D010335 SWITZERLAND
015 E040335 X
015 A000336 THE HONGKONG AND SHANGHAI BANKING CORP.
015 B000336 S
015 C010336 BANGKOK
015 D010336 THAILAND
015 E040336 X
015 A000337 CITIBANK, N.A.
015 B000337 S
015 C010337 CARACUS
015 D010337 VENEZUELA
015 E040337 X
015 A000339 DEUTSCHE BANK
015 B000339 S
015 C010339 KARACHI
015 D010339 PAKISTAN
015 E040339 X
015 A000340 GENERALE BANK
015 B000340 S
015 C010340 BRUSSELS
015 D010340 BELGIUM
015 E040340 X
015 A000341 FIRST NATIONAL BANK OF BOSTON
015 B000341 S
015 C010341 SANTIAGO
015 D010341 CHILE
015 E040341 X
015 A000342 BARCLAYS BANK PLC
015 B000342 S
015 C010342 NICOSIA
015 D010342 CYPRUS
015 E040342 X
015 A000343 BANK HAPOALIM B.M.
015 B000343 S
015 C010343 TEL AVIV
015 D010343 ISRAEL
015 E040343 X
015 A000344 ARAB BANK
015 B000344 S
015 C010344 AMMAN
015 D010344 JORDAN
015 E040344 X
<PAGE> PAGE 24
015 A000345 KOREA EXCHANGE BANK
015 B000345 S
015 C010345 SEOUL
015 D010345 KOREA
015 E040345 X
015 A000346 BANQUE GENERALE DU LUXEMBOURG
015 B000346 S
015 C010346 LUXEMBOURG
015 D010346 LUXEMBOURG
015 E040346 X
015 A000347 OSMANLI BANKASI A.S.
015 B000347 S
015 C010347 ISTANBUL
015 D010347 TURKEY
015 E040347 X
015 A000348 MIDLAND BANK PLC
015 B000348 S
015 C010348 LONDON
015 D010348 UNITED KINGDOM
015 E040348 X
015 A000349 FIRST NATIONAL BANK OF BOSTON
015 B000349 S
015 C010349 MONTEVIDEO
015 D010349 URUGUAY
015 E040349 X
015 A000350 THE STANDARD BANK OF SOUTH AFRICA, LIMITED
015 B000350 S
015 C010350 JOHANNESBURG
015 D010350 SOUTH AFRICA
015 E040350 X
015 A000351 THE HONGKONG AND SHANGHAI BANKING CORP
015 B000351 S
015 C010351 BOMBAY
015 D010351 INDIA
015 E040351 X
015 A000352 THE HONGKONG AND SHANGHAI BANKING CORP
015 B000352 S
015 C010352 SHENZHEN
015 D010352 CHINA
015 E040352 X
015 A000353 BANK POLSKA KASA OPIEKI S.A.
015 B000353 S
015 C010353 WARSAW
015 D010353 POLAND
015 E040353 X
015 A000354 MELLON BANK N.A.
015 B000354 S
015 C010354 LONDON
015 D010354 UNITED KINGDOM
015 E040354 X
015 A000355 THE HONG KONG AND SHANGAHI BANKING CO
<PAGE> PAGE 25
015 B000355 S
015 C010355 SHANGHAI
015 D010355 CHINA
015 E040355 X
015 A000356 CESKOSLOVENSKA OBCHODNI BANKA A.S.
015 B000356 S
015 C010356 PRAGUE
015 D010356 CZECH REPUBLIC
015 E040356 X
015 A000357 BANCO DE BOGOTA
015 B000357 S
015 C010357 BOGOTA
015 D010357 COLUMBIA
015 E040357 X
015 A000358 STANDARD CHARTERED BANK
015 B000358 S
015 C010358 DAHAKA
015 D010358 BANGLADESH
015 E040358 X
015 A000359 THE STANDBIC BANK BOTSWANA LIMITED
015 B000359 S
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015 D010359 BOTSWANA
015 E040359 X
015 A000360 THE MERCHANT BANK (GHANA) LIMITED
015 B000360 S
015 C010360 ACCRA
015 D010360 GHANA
015 E040360 X
015 A000361 THE HONGKONG AND SHANGHAI BANKING CORP
015 B000361 S
015 C010361 PORTLOUIS
015 D010361 MAURITIUS
015 E040361 X
015 A000362 BANCO DE CREDITO DEL PERU
015 B000362 S
015 C010362 LIMA
015 D010362 PERU
015 E040362 X
015 A000363 CENTRAL TRUST OF CHINA
015 B000363 S
015 C010363 TAIPEI
015 D010363 TAIWAN
015 E040363 X
015 A000364 THE STANDBIC BANK ZIMBABWE LIMITED
015 B000364 S
015 C010364 HARARE
015 D010364 ZIMBABWE
015 E040364 X
015 A000365 CESKOSLOVENSKA OBCHODNA BANKA A.S.
015 B000365 S
<PAGE> PAGE 26
015 C010365 BRATISLABA
015 D010365 SLOVAK REPUBLIC
015 E040365 X
015 A000366 CREDITANSTALT RT.
015 B000366 S
015 C010366 BUDAPEST
015 D010366 HUNGARY
015 E040366 X
024 000300 N
025 D000301 0
025 D000302 0
025 D000303 0
025 D000304 0
025 D000305 0
025 D000306 0
025 D000307 0
025 D000308 0
028 A010300 26671
028 A020300 5036
028 A030300 0
028 A040300 23280
028 B010300 23086
028 B020300 5131
028 B030300 0
028 B040300 25458
028 C010300 21428
028 C020300 5169
028 C030300 0
028 C040300 22132
028 D010300 23709
028 D020300 5218
028 D030300 0
028 D040300 23839
028 E010300 18591
028 E020300 5226
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028 F040300 18823
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028 G020300 38436
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029 000300 Y
030 A000300 1809
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<PAGE> PAGE 27
031 B000300 0
032 000300 1584
033 000300 0
034 000300 Y
035 000300 2079
036 A000300 N
036 B000300 0
037 000300 N
038 000300 0
039 000300 N
040 000300 Y
041 000300 Y
042 A000300 0
042 B000300 0
042 C000300 100
042 D000300 0
042 E000300 0
042 F000300 0
042 G000300 0
042 H000300 0
043 000300 9723
044 000300 0
045 000300 Y
046 000300 N
047 000300 Y
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048 A010300 1000000
048 A020300 0.650
048 B010300 1000000
048 B020300 0.600
048 C010300 0
048 C020300 0.000
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048 D020300 0.000
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048 E020300 0.000
048 F010300 0
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048 G010300 0
048 G020300 0.000
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048 H020300 0.000
048 I010300 0
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048 J010300 0
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050 000300 N
051 000300 N
<PAGE> PAGE 28
052 000300 N
053 A000300 N
055 A000300 N
055 B000300 N
056 000300 Y
057 000300 N
062 A000300 Y
062 B000300 0.0
062 C000300 0.0
062 D000300 2.3
062 E000300 0.0
062 F000300 0.0
062 G000300 0.0
062 H000300 0.0
062 I000300 0.0
062 J000300 0.0
062 K000300 0.0
062 L000300 0.0
062 M000300 26.3
062 N000300 3.2
062 O000300 0.0
062 P000300 41.3
062 Q000300 22.8
062 R000300 4.1
063 A000300 0
063 B000300 7.1
064 A000300 N
064 B000300 Y
065 000300 N
066 A000300 N
067 000300 N
068 A000300 N
068 B000300 N
069 000300 N
070 A010300 Y
070 A020300 Y
070 B010300 N
070 B020300 N
070 C010300 Y
070 C020300 N
070 D010300 N
070 D020300 N
070 E010300 Y
070 E020300 N
070 F010300 N
070 F020300 N
070 G010300 Y
070 G020300 N
070 H010300 N
070 H020300 N
070 I010300 N
<PAGE> PAGE 29
070 I020300 N
070 J010300 Y
070 J020300 Y
070 K010300 Y
070 K020300 N
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070 L020300 Y
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070 M020300 Y
070 N010300 Y
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070 Q020300 N
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<PAGE> PAGE 30
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SIGNATURE GAIL KNUDSEN
TITLE ASSISTANT CONTROLLER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
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<LEGEND>
THIS SCHEDULE CONTAIN SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FINANCIAL
STATEMENTS OF COLONIAL HIGH YIELD SECURITIES FUND, CLASS A YEAR END DEC-31-1997
AND IS QUALIFIED IN ITS ENTIRETY BY REFRENCE TO SUCH FINANCIAL STATEMENTS OF
COLONIAL HIGH YIELD SECURITIES FUND, CLASS A YEAR END DEC-31-1997
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<EXPENSE-RATIO> 1.20
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAIN SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FINANCIAL
STATEMENTS OF COLONIAL HIGH YIELD SECURITIES FUND, CLASS B YEAR END DEC-31-1997
AND IS QUALIFIED IN ITS ENTIRETY BY REFRENCE TO SUCH FINANCIAL STATEMENTS OF
COLONIAL HIGH YIELD SECURITIES FUND, CLASS B YEAR END DEC-31-1997
</LEGEND>
<CIK> 0000021832
<NAME> COLONIAL TRUST 1
<SERIES>
<NUMBER> 1
<NAME> COLONIAL HIGH YIELD SECURITIES FUND, CLASS B
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> DEC-31-1997
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAIN SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FINANCIAL
STATEMENTS OF COLONIAL HIGH YIELD SECURITIES FUND, CLASS C YEAR END DEC-31-1997
AND IS QUALIFIED IN ITS ENTIRETY BY REFRENCE TO SUCH FINANCIAL STATEMENTS OF
COLONIAL HIGH YIELD SECURITIES FUND, CLASS C YEAR END DEC-31-1997
</LEGEND>
<CIK> 0000021832
<NAME> COLONIAL TRUST 1
<SERIES>
<NUMBER> 1
<NAME> COLONIAL HIGH YIELD SECURITIES FUND, CLASS C
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
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<EXPENSE-RATIO> 1.85
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000021832
<NAME> COLONIAL TRUST 1
<SERIES>
<NUMBER> 3
<NAME> COLONIAL STRAGETIC INCOME FUND, CLASS A
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<S> <C>
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<FISCAL-YEAR-END> DEC-31-1997
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</TABLE>
<TABLE> <S> <C>
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<CIK> 0000021832
<NAME> COLONIAL TRUST 1
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<NUMBER> 3
<NAME> COLONIAL STRAGETIC INCOME FUND, CLASS B
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</TABLE>
