COLONIAL MUNICIPAL MONEY MARKET FUND
Supplement to the Statement of Additional Information
dated July 1, 1996
Effective October 1, 1996, the investment restriction no. 1 under the
caption Fundamental Investment Policies has been revised in its
entirety, as follows:
As a fundamental policy, neither the Fund nor the Portfolio may:
1. Invest in a security if, with respect to 75% of the Portfolio's assets, as a
result of such investment, more than 5% of its total assets (taken at market
value at the time of such investment) would be invested in the securities of
any one issuer (for this purpose, the issuer(s) of a security being deemed
to be only the entity or entities whose assets or revenues are subject to
the principal and interest obligations of the security), except (1) in the
case of a guarantor of securities (including an issuer of a letter of
credit), the value of the guarantee (or letter of credit) may be excluded
from this computation if the aggregate value of securities owned by the Fund
or the Portfolio and guaranteed by such guarantor (plus any other
investments of the Fund or the Portfolio in securities issued by the
guarantor) does not exceed 10% of the Fund's or the Portfolio's total
assets, (2) this restriction does not apply to U.S. government securities or
repurchase agreements for such securities and (3) the Fund may invest all or
substantially all of its assets in another registered investment company
having the same investment objective and substantially similar investment
policies.(1)
TM-39/614C-0996 September 9, 1996
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(1) Notwithstanding the foregoing, and in accordance with Rule 2a-7 under
the Investment Company Act of 1940 (Rule), the Fund or the Portfolio
will not, immediately after the acquisition of any security (other than
a government security or certain other securities as permitted under
the Rule) invest more than 5% of its assets in the securities of any
one issuer; provided, however, that the Fund or the Portfolio may
invest up to 25% of its total assets in First Tier Securities (as that
term is defined in the Rule) of a single issuer for a period of up to
three business days after the purchase thereof.
