The Colonial fund
Supplement to Prospectuses dated March 1, 1999
(Replacing Supplements Dated June 28, 1999)
The sub-caption Portfolio Managers is revised in its entirety as follows:
The portfolio managers of the Fund's equity investments are as follows:
John E. Lennon, a Chartered Financial Analyst and Senior Vice President
(formerly Vice President) of Colonial, has co-managed the Fund since October,
1997 and has managed various other Colonial equity funds since 1982.
Peter Wiley, a Chartered Financial Analyst and Vice President of Colonial has
co-managed the Fund since June, 1999. Prior to joining Colonial in 1999, Mr.
Wiley was a Senior Portfolio Manager and Principal at State Street Global
Advisors from April, 1997 to March, 1999 and a Vice President at Colonial from
August, 1992 to April, 1997.
The portfolio managers for the Fund's fixed-income investments are as follows:
Leslie W. Finnemore, Senior Vice President (formerly Vice President) of
Colonial, has co-managed the Fund since December, 1997 and managed various other
Colonial taxable fixed-income funds since 1987.
Ann T. Peterson, a Chartered Financial Analyst and Vice President of Colonial
has co-managed the Fund since July, 1999. Ms. Peterson has also served as a
manager or co-manager of various Colonial taxable income funds since 1993.
TF-36/466H-0799 August 2, 1999
