COLONIAL TRUST II /
497, 1997-08-04
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                           NEWPORT GREATER CHINA FUND

                       Supplement to Prospectus Supplement
                               dated June 20, 1997


In connection with the Public  Subscription Offer, as described on page S-7, the
minimum purchase of Load-Waived Class A shares is lowered from $3,000 to $1,000.





GC-43/001E-0797                      August 1, 1997





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