COLONIAL UTILITIES FUND
Supplement to Prospectus dated
March 30, 1995
A new fifth paragraph under the caption HOW THE
FUND IS MANAGED is added as follows:
James P. Haynie, Vice President of the Adviser,
has co-managed the Fund since June, 1995, and has
managed various other Colonial equity funds since
1993. Prior to joining the Adviser in 1993, Mr.
Haynie was a Vice President at Massachusetts
Financial Services Company and a Portfolio Manager
at Trinity Investment Management.
John E. Lennon serves as the other co-manager of the
Fund. Mr. Lennon, Vice President of the Adviser, has
managed the Fund since 1984 and various other Colonial
equity funds since 1982.
UF-36/023B-0695 June 23, 1995
