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<PAGE> PAGE 6
SIGNATURE J. JERRY INSKEEP, JR.
TITLE PRESIDENT
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
AUDITED ANNUAL REPORT OF THE COLUMBIA FUNDS DATED DECEMBER 31, 1999, AND
THE AUDITED ANNUAL REPORT OF THE COLUMBIA FUNDS DATED DECEMBER 31, 1998,
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
<CIK> 0000022105
<NAME> COLUMBIA GROWTH FUND, INC.
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-START> JAN-01-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 1,393,398,680
<INVESTMENTS-AT-VALUE> 2,178,080,129
<RECEIVABLES> 6,990,928
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 2,185,071,057
<PAYABLE-FOR-SECURITIES> 9,192,767
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 15,139,770
<TOTAL-LIABILITIES> 24,332,537
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,307,169,087
<SHARES-COMMON-STOCK> 44,176,432
<SHARES-COMMON-PRIOR> 41,238,820
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 68,887,984
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 784,681,449
<NET-ASSETS> 2,160,738,520
<DIVIDEND-INCOME> 9,512,389
<INTEREST-INCOME> 1,765,725
<OTHER-INCOME> 0
<EXPENSES-NET> 12,564,560
<NET-INVESTMENT-INCOME> (1,286,446)
<REALIZED-GAINS-CURRENT> 293,681,987
<APPREC-INCREASE-CURRENT> 158,791,288
<NET-CHANGE-FROM-OPS> 451,186,829
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 31,399
<DISTRIBUTIONS-OF-GAINS> 188,737,105
<DISTRIBUTIONS-OTHER> 0
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<NUMBER-OF-SHARES-REDEEMED> 10,645,707
<SHARES-REINVESTED> 3,704,725
<NET-CHANGE-IN-ASSETS> 407,714,979
<ACCUMULATED-NII-PRIOR> 31,399
<ACCUMULATED-GAINS-PRIOR> (4,438,960)
<OVERDISTRIB-NII-PRIOR> 0
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</TABLE>
Report of Independent Accountants
To the Board of Directors and Shareholders of
Columbia Growth Fund, Inc.
In planning and performing our audit of the
financial statements of Columbia Growth Fund, Inc.
(the Fund) for the year ended December 31, 1999,
we considered its internal control, including
control activities for safeguarding securities, in
order to determine our auditing procedures for the
purpose of expressing our opinion on the financial
statements and to comply with the requirements of
Form N-SAR, not to provide assurance on internal
control.
The management of the Fund is responsible for
establishing and maintaining internal control. In
fulfilling this responsibility, estimates and
judgments by management are required to assess the
expected benefits and related costs of controls.
Generally, controls that are relevant to an audit
pertain to the entity's objective of preparing
financial statements for external purposes that
are fairly presented in conformity with generally
accepted accounting principles. Those controls
include the safeguarding of assets against
unauthorized acquisition, use or disposition.
Because of inherent limitations in internal
control, errors or fraud may occur and not be
detected. Also, projection of any evaluation of
internal control to future periods is subject to
the risk that controls may become inadequate
because of changes in conditions or that the
effectiveness of their design and operation may
deteriorate.
Our consideration of internal control would not
necessarily disclose all matters in internal
control that might be material weaknesses under
standards established by the American Institute of
Certified Public Accountants. A material weakness
is a condition in which the design or operation of
one or more of the internal control components
does not reduce to a relatively low level the risk
that misstatements caused by error or fraud in
amounts that would be material in relation to the
financial statements being audited may occur and
not be detected within a timely period by
employees in the normal course of performing their
assigned functions. However, we noted no matters
involving internal control and its operation,
including controls for safeguarding securities,
that we consider to be material weaknesses as
defined above as of December 31, 1999.
This report is intended solely for the information
and use of the Board of Directors, management and
the Securities and Exchange Commission and is not
intended to be and should not be used by anyone
other than these specified parties.
PricewaterhouseCoopers LLP
Portland, Oregon
February 4, 2000
EXHIBIT 77.O
77.O TRANSACTIONS EFFECTED PURSUANT TO RULE 10F-3
Columbia Growth Fund, Inc.:
Qualifying transactions are listed below. On a quarterly
basis, the Registrant's Board of Directors receives a Form
10F-3 containing information that enables them to determine
that all purchases made during the quarter were effected in
compliance with the Registrant's 10F-3 procedures.
1) Issuer: Charter Communications
Date of Purchase: 11/8/1999
Underwriter from whom Purchased:
Morgan Stanley & Co.
NB Montgomery Securities
Neuberger Berman
Prudential Securities
Raymond James
A.G. Edwards & Sons
Wasserstein Perella Securities
Advest, Inc.
Bradford (JC) & Co.
McDonald Investments
Affiliated Underwriters:
BKB Robertson Stephens
Other Members of Syndicate:
Goldman Sachs & Co.
Bear, Stearsn & Co.
Morgan Stanley & Co.
Donaldson, Lufkin & Jenrette
Merrill Lynch, Pierce, Fenner
Salomon Smith Barney
A.G Edwards & Sons
M.R. Beal & Co.
Allen & Co.
Banc of America Securities
CIBC World Markets
Chase Securities
CS First Boston Corp
First Union Securities
Ing Barings
Edward D. Jones & Co.
Nesbitt Burns Securities
Prudential Securities
RBC Dominion Securities
Cowen (SG) Securities
TD Securities
Wasserstein Perella Securities
Advest, Inc.
Baird (Robert) & Co.
Blair (William) & Co.
Bradford (JC) & Co.
Chapman Co.
Chatsworth Securities
Dain Rauscher, Inc.
Hilliard Lyons
Huntleigh Securities
Janco Partners
Legg Mason Wood Walker
McDonald Investments
Neuberger & Berman LLC
Olde Discount Corp
Ramirez & Co.
Raymond James & Assoc.
Muriel Siebert & Co.
Stephens, Inc.
Stifel, Nicolaus & Co.
Aggregate dollar amount of purchase:
$38,095,000
Aggregate dollar amount of offering:
$4,275,000,000
Purchase price (net of fees and expenses):
$18.56
Date offering commenced:
11/8/1999
Commission: $0.44
2) Issuer: United Parcel Service
Date of Purchase: 11/9/1999
Underwriter from whom Purchased:
CS First Boston
Affiliated Underwriters:
BKB Robertson Stephens
Other Members of Syndicate:
Morgan Stanley & Co.
Goldman Sachs & Co.
Merrill Lynch, Pierce, Fenner
CS First Boston
Salomon Smith Barney
Warburg Dillon Read LLC
ABN Amro, Inc.
Banc of America Securities
Bear, Stearns & Co.
Sanford C. Bernstein & Co.
Blaylock & Partners
Bradford (JC) & Co.
Chatsworth Securities
Deutsche Bank Securities
Donaldson, Lufkin & Jenrette
E* Offering Corp
Edwards (AG) & Sons
First Union Securities
Gruntal & Co.
Guzman & Co.
Hilliard Lyons
Ing Barings LLC
Jackson Securities
Edward D. Jones & Co.
Lazard Freres & Co.
Legg Mason Wood Walker
Lehman Brothers
Melvin Securities
Morgan (JP) Securities
Morgan Keegan & Co.
Nesbitt Burns Securities
Paine Webber
Prudential Securities
Ramirez & Co.
RBC Dominion Securities
Robinson-Humphrey Co.
Schwab (Charles) & Co.
Scott & Stringfellow
Muriel Siebert & Co.
Tucker Anthony Cleary Gull
Utendahl Capital Partners
Wachovia Securities
Williams Capital Group
Aggregate dollar amount of purchase:
$26,225,000
Aggregate dollar amount of offering:
$5,470,000,000
Purchase price (net of fees and expenses):
$48.92
Date offering commenced:
11/9/1999
Commission: $1.08
3) Issuer: Agilent Technologies
Date of Purchase: 11/17/1999
Underwriter from whom Purchased:
SG Cowen Securities Corp
Goldman Sachs & Co.
Affiliated Underwriters:
BKB Robertson Stephens
Other Members of Syndicate:
Morgan Stanley & Co.
Goldman Sachs & Co.
CS First Boston Corp
Merrill Lynch, Pierce, Fenner
Salomon Smith Barney
Bear, Stears & Co.
Morgan (JP) Securities
Lehman Brothers
SG Cowen Securities Corp
ABN Amro, Inc.
Buckingham Research Group
Deutsche Bank Securities
Hambrecht & Quist
Williams Capital Group
Aggregate dollar amount of purchase:
$15,045,000
Aggregate dollar amount of offering:
$1,950,000,000
Purchase price (net of fees and expenses):
$29.21
Date offering commenced:
11/17/1999
Commission: $0.79
