COLONIAL STRATEGIC INCOME FUND
Supplement to Statement of Additional
Information dated May 3, 1999
The Board of Trustees recently approved a change to the management agreement
between the Fund and Colonial Management Associates, Inc. ("Advisor").
The Fund's current management fee paid to the Advisor is 0.65% of the first $1
billion of the average daily net assets of the Fund and 0.60% in excess of $1
billion. Effective June 18, 1999, the Trustees approved a second breakpoint that
would result in a reduction of the fee to 0.55% of average daily net assets in
excess of $2 billion.
SI-39/438H-0799 July 21, 1999
