LIBERTY FUNDS TRUST IV
497, 2000-05-11
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                            COLONIAL UTILITIES FUND

                        Supplement to Prospectuses dated

                                  April 1, 2000

                             Class A, B and C Shares

                                 Class Z Shares

The first paragraph under the caption "Primary Investment Strategies" is revised
in its entirety as follows:

The  Fund  invests  at  least  65% of its  assets  in  securities  of  utilities
companies.  Up to 35% of the Fund's assets may be invested in equity  securities
of non-utilities related companies.  The Fund may invest up to 20% of its assets
in foreign utilities company securities.

759-36/335B-0500                 May 12, 2000


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