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LIBERTY
COLONIAL CRABBE HUSON NEWPORT STEIN ROE ADVISOR
May 5, 2000
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: Liberty Funds Trust IV
Colonial Intermediate Tax-Exempt Fund
Colonial Tax-Exempt Fund
Colonial Tax-Exempt Insured Fund (the "Funds")
File Nos. 811-2865 & 2-62492
Dear Sir/Madam:
Pursuant to the requirements of Rule 497(e), submitted for filing via EDGAR is
the form of a Prospectus Supplement dated May 5, 2000, which is now being used
in connection with the public offering and sale of shares of the Funds. Please
be advised that the Funds' Statement of Additional Information and Annual Report
(each of which was filed via EDGAR) have not been revised since the date of the
last filing.
Sincerely,
Colonial Intermediate Tax-Exempt Fund
Colonial Tax-Exempt Fund
Colonial Tax-Exempt Insured Fund
William Ballou
/s/William Ballou
Assistant Secretary
Enclosures
cc: M. Muller (Ropes & Gray)
J. DiMaria (PWC)
Deborah Young (2)
Ronnie Wallace
Bill Loring
Gary Swayze
Brian Hartford
Blue Sky
One Financial Center, Boston, MA 02111-2621
COLONIAL TAX-EXEMPT FUND
COLONIAL TAX-EXEMPT INSURED FUND
COLONIAL INTERMEDIATE TAX-EXEMPT FUND
Supplement to Prospectus dated April 1, 2000
Effective May 1, 2000, the Funds' Prospectus is amended as follows:
Joanne T. Costopoulos will no longer manage the Fund.
As a result, the caption PORTFOLIO MANAGERS is revised as follows:
Veronica Wallace, a vice president of Stein Roe & Farnham Incorporated (Stein
Roe), co-manages the Colonial Intermediate Tax-Exempt Fund. Miss Wallace joined
Stein Roe in June of 1965 as an account administrator. Miss Wallace has been a
portfolio manager of Stein Roe and Colonial Management Associates, Inc.
(Colonial) municipal funds since 1995.
William C. Loring, a senior vice president of Colonial, co-manages the
Colonial Intermediate Tax-Exempt Fund. Mr. Loring has managed various other
Colonial tax-exempt funds since 1986.
Gary Swayze, a senior vice president of Colonial, has managed the Colonial
Tax-Exempt Insured Fund since September 1997. Prior to joining Colonial in 1997,
Mr. Swayze was a portfolio manager and group leader at Fidelity Management and
Research Company from June, 1980 to June, 1995.
Brian M. Hartford, a senior vice president of Colonial, has co-managed the
Colonial Tax-Exempt Fund since May, 1997. Mr. Hartford has managed various
other Colonial tax-exempt funds since 1993.
Miss Wallace, Messrs. Loring, Swayze, and Hartford all became joint employees of
Colonial and Stein Roe on March 15, 2000. Both Colonial and Stein Roe are
indirect wholly-owned subsidiaries of Liberty Financial Companies (LFC).
TEF-36/321B-0500 May 5, 2000
