COLONIAL STRATEGIC BALANCED FUND
CLASS A, B, AND C SHARES
SUPPLEMENT TO PROSPECTUS DATED MARCH 1, 1999
REPLACING SUPPLEMENT DATED JULY 13, 1999
Effective immediately, Gita Rao no longer co-manages the Fund. Nicolas Ghajar
replaces Ms. Rao as a co-manager of the Fund.
The sub-caption Portfolio Managers is changed in its entirety as follows:
CARL C. ERICSON, a Senior Vice President and Director and Manager of the Taxable
Fixed Income Group of Colonial Management Associates, Inc. (Colonial), has
co-managed the Fund since its inception in 1994 and has been employed by
Colonial as a portfolio manager since 1985.
LAURA A. OSTRANDER, a Senior Vice President of Colonial, has co-managed the Fund
since July, 1999 and has co-managed various other Colonial funds since December,
1996. Prior to joining Colonial, Ms. Ostrander was a portfolio manager with
American Express Financial Advisers from July, 1994 to November, 1996.
NICOLAS GHAJAR, an Assistant Vice President of Colonial, has co-managed the
Fund since September, 1999. Mr. Ghajar has either been an associate portfolio
manager or an equity analyst of various other equity funds at Colonial since
1992.
SB-36/779H-0999 September 14, 1999
