COLONIAL GLOBAL EQUITY FUND
Supplement to Prospectus dated
February 28, 1997, Revised August 1, 1997
On September 30, 1997, the shareholders of the Fund approved a management fee
change. Effective immediately, the Fund will pay Colonial Management Associates,
Inc. ("Adviser") a monthly management fee equal to 0.95% of the Fund's average
daily net assets.
As a result of the management fee change, and based on "Other expenses" incurred
in the Fund's most recent fiscal year, the following information under the
caption SUMMARY OF EXPENSES is revised as follows:
Annual Operating Expenses (as a % of average net assets)
Class A Class B Class C
Management fee 0.95% 0.95% 0.95%
12b-1 fees 0.25 1.00 1.00
Other expenses 0.58 0.58 0.58
---- ---- ----
Total operating expenses 1.78% 2.53% 2.53%
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Example
The Example shows the cumulative expenses attributable to a hypothetical $1,000
investment in each class of shares of the Fund for the periods specified,
assuming a 5% annual return, and, unless otherwise noted, redemption at period
end. The 5% return and expenses used in this Example should not be considered
indicative of actual or expected Fund performance or expenses, both of which
will vary.
Class A Class B Class C
Period: (6) (7) (6) (7)
1 year $ 75 $ 76 $ 26 $ 36 $ 26
3 years 110 109 79 79(9) 79
5 years 148 155 135 134 134
10 years 255 268(8) 268(8) 286 286
(6) Assumes redemption at period end.
(7) Assumes no redemption.
(8) Class B shares automatically convert to Class A shares after approximately
8 years; therefore, years 9 and 10 reflect Class A share expenses.
(9) Class C shares do not incur a contingent deferred sales charge on
redemptions made after one year.
The third paragraph under the caption HOW THE FUND IS MANAGED is revised in its
entirety as follows:
The Adviser furnishes the Fund with investment management, accounting and
administrative personnel and services, office space and other equipment and
services at the Adviser's expense. For these services, the Fund pays the Adviser
a fee of 0.95% of the Fund's average daily net assets. For these services, the
Fund paid the Adviser 0.75% of the Fund's average daily net assets for fiscal
year 1996.
Effective October 15, 1997 the Distributor's name changed to "Liberty Financial
Investments, Inc."
GE-36/297E -1097 October 20, 1997
