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Columbia
COLUMBIA FUNDS
Supplement to the
Columbia Funds Prospectus
dated February 23, 1998
Effective September 30, 1998, Alan J. Folkman will retire as portfolio
manager of Columbia Special Fund (the "Fund"), and Richard J. Johnson will
assume responsibility as portfolio manager of the Fund effective October 1,
1998.
Mr. Johnson has been portfolio manager of Columbia Small Cap Fund since
October 1996. A Chartered Financial Analyst, he is also Vice President of
Columbia Funds Management Company, the Fund's investment adviser. Before joining
Columbia in 1994, Mr. Johnson served as a portfolio manager and analyst at
Provident Investment Counsel (1990-1994), a major west coast money management
firm. A 1980 graduate of Occidental College, Mr. Johnson received a Masters of
Business Administration from the Anderson School of Management at UCLA in 1990.
September 10, 1998
