THE COLONIAL FUND
Supplement to Prospectuses
Effective in mid-October, the following portfolio management changes occurred:
Daniel Rie and James P. Haynie ceased to be co-managers of the Fund.
John E. Lennon, a Vice President of Colonial Management Associates, Inc., was
named as a co-manager of the Fund. Mr. Lennon has managed or co-managed various
other Colonial equity funds since 1982.
In addition, the following other changes occurred during the month of October:
A new custodian was named for the Fund. The new Custodian is The Chase Manhattan
Bank, 4 Chase MetroTech Center, Brooklyn, NY
11245.
The Fund's Distributor changed its name to "Liberty Financial Investments, Inc."
The Distributor's address and telephone number remain unchanged.
TF-36/494E-1197 November 26, 1997
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