THE COLONIAL FUND
COLONIAL STRATEGIC BALANCED FUND
Supplement to Prospectuses
Effective immediately, the
Custodian of each Fund is The
Chase Manhattan Bank, 4 Chase
MetroTech Center, Brooklyn, NY
11245.
Also effective immediately,
Colonial Investment Services,
Inc.'s (Distributor) name is
changed to Liberty Financial
Investments, Inc. The address
and telephone number of the
Distributor remain unchanged.
D-36/264E-1097 October 20, 1997
<PAGE>
THE COLONIAL FUND
COLONIAL STRATEGIC BALANCED FUND
Supplement to the Statements of Additional Information
Effective immediately, Colonial Investment Services, Inc.'s (CISI)
name is changed to Liberty Financial Investments, Inc. (LFII). All
references to CISI in the Statement of Additional Information are now
references to LFII.
The paragraph following the caption CUSTODIAN in Part 1 of each Fund's
Statement of Additional Information is revised in its entirety as
follows:
The Chase Manhattan Bank is the Fund's custodian. The custodian is
responsible for safeguarding the Fund's cash and securities, receiving
and delivering securities and collecting the Fund's interest and
dividends.
D-39/265E-1097 October 20, 1997
