COLONIAL INTERNATIONAL
                                 FUND FOR GROWTH


                            Supplement to Prospectus
                             dated February 27, 1998



Pursuant to approval of the Board of Trustees on February 20, 1998, shareholders
of Colonial  International  Fund for Growth  (Fund) will  consider a proposal to
merge the Fund with Colonial  International  Horizons Fund at a special  meeting
scheduled for July 24, 1998.

Beginning on March 31, 1998, the Fund will be closed to initial,  subsequent and
exchange  purchases,  exclusive of investments made under retirement  plans, the
Fundamatic investment program and the dividend reinvestment program.





IN-36/958E-0398                                                   March 31, 1998



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