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Columbia Funds
Supplement to the Columbia Funds
Statement of Additional Information
Dated February 24, 1997
A third paragraph has been added under "REDEMPTIONS" on page 7 of the Statement
of Additional Information to read as follows:
"The Funds anticipate that, under normal circumstances, all redemptions shall be
paid in cash. Additionally, each of the Funds has made an election pursuant to
Rule 18f-1 of the Investment Company Act of 1940. This election commits each
Fund to pay in cash all requests for redemption by any shareholder of record, to
the extent such requests made during any ninety - day period are limited in
amount to the lesser of $250,000 or 1% of the net asset value of the Fund at the
beginning of the ninety - day period. If the redemption request is for an amount
in excess of the amount each Fund is committed to pay in cash pursuant to Rule
18f-1, each Fund reserves the right to pay such redemption request in kind if it
is deemed to be in the best interests of the Fund."
May 13, 1997
