Colonial Global Utilities Fund
Supplement to March 1, 2000 Prospectus
and Statement of Additional Information
(Replacing Supplement dated March 15, 2000)
The Fund's Prospectus and Statement of Additional Information are amended as
follows:
Portfolio Managers. On March 15, 2000, Ophelia Barsketis and Deborah A.
Jansen, the co-managers of the Fund, became joint employees of Stein Roe &
Farnham Incorporated (Stein Roe), Colonial Management Associates, Inc.
(Colonial), and Newport Fund Management, Inc. (Newport). Stein Roe, the
Fund's investment advisor, and Colonial are indirect wholly owned
subsidiaries of Liberty Financial Companies, Inc. (LFC). Newport, a
federally registered investment advisor that specializes in international
investing, is a wholly owned subsidiary of LFC.
Ms. Barsketis is a Senior Vice President of both Colonial and Stein Roe, and a
Managing Director of Newport. Ms. Barsketis joined Stein Roe in 1983 and
progressed through a variety of equity analyst positions before assuming her
current responsibilities as co-manager of the Fund since September, 1993,
co-manager of Stein Roe Global Utilities Fund, Variable Series, since November,
1997, and co-manager of Colonial Global Equity Fund since March 15, 2000.
Ms. Jansen is a Senior Vice President of Stein Roe, Colonial and Newport.
Ms. Jansen joined Stein Roe in 1987 and served as an associate economist
and senior economist before assuming her current responsibilities as
co-manager of the Fund since April, 1996, co-manager of Stein Roe Global
Utilities Fund, Variable Series, since November, 1997, and co-manager of
Colonial Global Equity Fund since March 15, 2000. Ms. Jansen left Stein Roe
in January, 1995, and returned to her position as Vice President in March,
1996. For a period of time before returning to Stein Roe in March, 1996,
Ms. Jansen was a Senior Equity Research Analyst for BancOne
Investment Advisers Corporation.
Investment Advisor. On March 15, 2000, Stein Roe started using Newport's trading
facilities to buy and sell foreign securities for the Fund's portfolio. Newport
executes all trades under its own procedures.
This Supplement is dated June 5, 2000.
733-36/675B-0500
