COLONIAL NEWPORT JAPAN FUND
Supplement to Prospectus dated June 3, 1996
The third paragraph under the caption HOW TO BUY SHARES is revised in its
entirety as follows:
The Fund also offers Class Z shares which are offered through a separate
Prospectus only to (i) certain institutions (including certain insurance
companies and banks investing for their own account, trusts, endowment funds,
foundations and investment companies) and defined benefit retirement plans
investing a minimum of $5 million in the Fund and (ii) the Adviser and its
affiliates. Class Z shares have no initial or contingent deferred sales charge
and no Rule 12b-1 fee. Otherwise, Class Z share expenses are the same as for
Classes A, B and D shares. Class Z shares may be exchanged at net asset value
for the Class A shares of any other Colonial fund.
JF-36/656C-0996 September 12, 1996
