November 15, 2000
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C. 20549
Liberty Funds Trust II
Stein Roe Small Cap Tiger Fund
Registration File Nos. 2-66976 & 811-3009
Dear Sir/Madam:
Pursuant to the requirements of Rule 497(e), submitted for filing via EDGAR is
the form of Prospectus Supplements dated November 10, 2000 now being
used in connection with the public offering and sale of shares of the Fund.
Sincerely,
LIBERTY FUNDS TRUSTS II
Tracy S. DiRienzo
Assistant Secretary
Enclosures
<PAGE>
STEIN ROE SMALL CAP TIGER FUND
Class A, B and C Shares
Supplement to Prospectus dated January 1,
2000 (Replacing Supplements dated May 1, 2000, July 14,
2000 and August 1, 2000)
The Prospectus is revised as follows:
(1) Effective May 1, 2000, the Fund changed its name from Stein Roe Small
Cap Asian Tiger Fund to Stein Roe Small Cap Tiger Fund.
(2) Effective July 14, 2000, the Fund changed its Class A, B and C names to
Liberty Newport Tiger Cub Fund Class A, Liberty Newport Tiger Cub Fund
Class B and Liberty Newport Tiger Cub Fund Class C.
(3) The Shareholder Fees table under the caption YOUR EXPENSES is amended
and restated as follows:
Shareholder Fees(2) (paid directly from your investment)
<TABLE>
<CAPTION>
Class A Class B Class C
<S> <C> <C> <C>
Maximum sales charge (load) on purchases (%) (as
a percentage of the offering price) 5.75 0.00 0.00
--------------------------------------------------- ---------------- -------------- ----------------------
Maximum deferred sales charge (load) on
redemptions (%) (as a percentage of the lesser of
purchase price or redemption price) 1.00(3) 5.00 1.00
--------------------------------------------------- ---------------- -------------- ----------------------
Redemption fee (as a percentage of amount
redeemed, if applicable) (4) (4) (4)
--------------------------------------------------- ---------------- -------------- ----------------------
</TABLE>
(2) A $10 annual fee is deducted from accounts of less than $1,000 and
paid to the transfer agent.
(3) This charge applies only to certain Class A shares bought without
an initial sales charge that are sold within 18 months of purchase.
(4) There is a $7.50 charge for wiring sale proceeds to your bank.
(4) The second paragraph in the sidebar, UNDERSTANDING EXPENSES, under the
caption YOUR EXPENSES is deleted in its entirety.
(5) The footnote to the table "Class A Sales Charges" under the subcaption
SALES CHARGES under the section YOUR ACCOUNT is revised as follows:
Class A shares bought without an initial sales charge in accounts aggregating $1
million to $25 million at the time of purchase are subject to a 1.00% CDSC if
the shares are sold within 18 months of the time of purchase. Subsequent Class A
share purchases that bring your account value above $1 million are subject to a
CDSC if redeemed within 18 months of the date of purchase. The 18-month period
begins on the first day of the month following each purchase. The CDSC does not
apply to retirement plans purchased through a fee-based program.
(6)
<PAGE>
(6) The following replaces the table called "Purchases Over $1 Million"
under the subcaption SALES CHARGES under the section YOUR ACCOUNT:
Amount purchased Commission %
First $3 million 1.00
------------------------------------------------------- -----------------------
$3 million to less than $5 million 0.80
------------------------------------------------------- -----------------------
$5 million to less than $25 million 0.50
------------------------------------------------------- -----------------------
$25 million or more 0.25
------------------------------------------------------- -----------------------
The commission to financial advisors for Class A share purchases of $25 million
or more is paid over 12 months but only to the extent the shares remain
outstanding.
For Class A share purchases by participants in certain group retirement plans
offered through a fee-based program, financial advisors receive a 1.00%
commission from the distributor on all purchases of less than $3 million.
(7) The last three paragraphs under the caption SALES CHARGES are deleted
in their entirety.
(8) The paragraph under the caption How To Exchange Shares is revised in
its entirety as follows:
You may exchange your shares for shares of the same share class of
another fund distributed by Liberty Funds Distributor, Inc. at net
asset value. Shareholders of Liberty Acorn funds that qualify to
purchase Class A shares at net asset value may exchange their Class A
shares for Class Z shares of another fund distributed by Liberty Funds
Distributor, Inc. (see the Statement of Additional Information for a
description of these situations). If your shares are subject to a CDSC,
you will not be charged a CDSC upon the exchange. However, when you
sell the shares acquired through the exchange, the shares sold may be
subject to a CDSC, depending upon when you originally purchased the
shares you exchanged. For purposes of computing the CDSC, the length of
time you have owned your shares will be computed from the date of your
original purchase, and the applicable CDSC will be the CDSC of the
original fund. Unless your account is part of a tax-deferred retirement
plan, an exchange is a taxable event. Therefore, you may realize a gain
or a loss for tax purposes. The Fund may terminate your exchange
privilege if the advisor determines that your exchange activity is
likely to adversely impact its ability to manage the Fund. To exchange
by telephone, call 1-800-422-3737.
735-36/294D-1000 November 10, 2000
<PAGE>
STEIN ROE SMALL CAP TIGER FUND
Class S Shares
Supplement to Prospectus dated January 1, 2000, Revised May 1, 2000
The Prospectus is revised as follows:
(1) The table under the caption Your Expenses is amended and restated as
follows:
Your Expenses This table shows fees and expenses
you may pay if you buy and hold
shares of the Fund. You do not pay
any sales charge when you purchase or
sell your shares.(a) However, you
pay various other indirect expenses
because the Fund pays fees and other
expenses that reduce your investment
return.
Annual Fund Operating Expenses(a)
(expenses that are deducted from Fund assets)
Management and administration fees(b) 1.40%
---------------------------------------------- ------------
Distribution (12b-1) fees None
---------------------------------------------- ------------
Other expenses 1.95%
---------------------------------------------- ------------
---------------------------------------------- ------------
Total annual fund operating expenses 3.35%
---------------------------------------------- ------------
(a) There is a $7.00 charge for wiring redemption
proceeds to your bank.
(b) The Fund's Advisor and Administrator have
voluntarily agreed to waive advisory and
administration fees and reimburse the Fund
for certain expenses. As a result, the
actual management and administration fees for
Class S shares would be 0.06%, other expenses
for Class S shares would be 1.94% and total
annual fund operating expenses for Class S
shares would be 2.00%.
(2) The last three paragraphs under the caption Selling Shares are deleted
in their entirety.
S40-36/145D-0900 November 10, 2000
