COLONIAL AGGRESSIVE GROWTH FUND
COLONIAL EQUITY INCOME FUND
COLONIAL FEDERAL SECURITIES FUND
COLONIAL GLOBAL EQUITY FUND
COLONIAL GLOBAL UTILITIES FUND
COLONIAL INTERMEDIATE U.S. GOVERNMENT FUND
COLONIAL INTERNATIONAL EQUITY FUND
COLONIAL INTERNATIONAL FUND FOR GROWTH
COLONIAL INTERNATIONAL HORIZONS FUND
COLONIAL MONEY MARKET FUND
COLONIAL MUNICIPAL MONEY MARKET FUND
COLONIAL SHORT DURATION U.S. GOVERNMENT FUND
COLONIAL SELECT VALUE FUND
COLONIAL SMALL CAP VALUE FUND
COLONIAL STRATEGIC BALANCED FUND
NEWPORT TIGER FUND
NEWPORT TIGER CUB FUND
NEWPORT JAPAN OPPORTUNITIES FUND
NEWPORT GREATER CHINA FUND
THE COLONIAL FUND
Supplement to Statements of Additional Information
The following is added as the last paragraphs under the caption PERFORMANCE
MEASURES:
General. From time to time, the Fund may discuss, or quote its current portfolio
manager as well as other investment personnel, including such persons' views on:
the economy; securities markets; portfolio securities and their issuers;
investment philosophies, strategies, techniques and criteria used in the
selection of securities to be purchased or sold for the Fund, including the New
ValueTM investment strategy that expands upon the principles of traditional
value investing; the Fund's portfolio holdings; the investment research and
analysis process; the formulation and evaluation of investment recommendations;
and the assessment and evaluation of credit, interest rate, market and economic
risks and similar or related matters.
The Fund may also quote evaluations mentioned in independent radio or television
broadcasts, and use charts and graphs to illustrate the past performance of
various indices such as those mentioned in Appendix II and illustrations using
hypothetical rates of return to illustrate the effects of compounding and
tax-deferral. The Fund may advertise examples of the effects of periodic
investment plans, including the principle of dollar costs averaging. In such a
program, an investor invests a fixed dollar amount in a fund at periodic
intervals, thereby purchasing fewer shares when prices are high and more shares
when prices are low.
From time to time, the Fund may also discuss or quote the views of its
distributor, its investment adviser and other financial planning, legal, tax,
accounting, insurance, estate planning and other professionals, or from surveys,
regarding individual and family financial planning. Such views may include
information regarding: retirement planning; general investment techniques (e.g.,
asset allocation and disciplined saving and investing); business succession;
issues with respect to insurance (e.g., disability and life insurance and
Medicare supplemental insurance); issues regarding financial and health care
management for elderly family members; and similar or related matters.
D-39/514F-0698 June 22, 1998
