November 15, 2000
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C. 20549
Liberty Funds Trust II
Newport Japan Opportunities Fund
Newport Greater China 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 Supplement dated November 10, 2000 now being
used in connection with the public offering and sale of shares of the Funds.
Sincerely,
LIBERTY FUNDS TRUSTS II
Tracy S. DiRienzo
Assistant Secretary
Enclosures
<PAGE>
NEWPORT JAPAN OPPORTUNITIES FUND
NEWPORT GREATER CHINA FUND
Class A, B and C Shares
Supplement to Prospectuses
(Replacing Supplements dated April 27, 2000, June 23, 2000,
July 14, 2000 and August 1, 2000)
The Funds' Prospectuses are revised as follows:
(1) Effective April 27, 2000, Newport Japan Opportunities Fund changed its
name to Liberty Newport Japan Opportunities Fund and effective July 14,
2000, Newport Greater China Fund changed its name to Liberty Newport
Greater China Fund.
(2) The Shareholder Fees table for the Liberty Newport Japan Opportunities
Fund 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.
(3) The Shareholder Fees table for the Liberty Newport Greater China Fund
under the caption YOUR EXPENSES is amended and restated as follows:
Shareholder Fees(8) (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(9) 5.00 1.00
--------------------------------------------------- ---------------- -------------- ----------------------
Redemption fee (as a percentage of amount
redeemed, if applicable) (10) (10) (10)
--------------------------------------------------- ---------------- -------------- ----------------------
</TABLE>
(8) A $10 annual fee is deducted from accounts of less than $1,000 and
paid to the transfer agent.
(9) This charge applies only to certain Class A shares bought without
an initial sales charge
that are sold within 18 months of purchase.
(10) 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 for both the Liberty Newport Japan Opportunities
Fund and the Liberty Newport Greater China Fund 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) 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.
734-36/297D-1000 November 10, 2000
<PAGE>
NEWPORT JAPAN OPPORTUNITIES FUND
NEWPORT GREATER CHINA FUND
Class Z Shares
Supplement to Prospectus dated January 1, 2000
(Replacing Supplements dated April 13, 2000, April 27, 2000,
June 23, 2000 and August 15, 2000)
The Prospectus is revised as follows:
(1) Effective April 27, 2000, Newport Japan Opportunities Fund changed its
name to Liberty Newport Japan Opportunities Fund and effective July 14,
2000, Newport Greater China Fund changed its name to Liberty Newport
Greater China Fund.
(2) The categories of investors who are eligible to purchase Class Z shares
are revised as follows:
The following investors are now eligible to purchase Class Z shares:
(i) clients of broker-dealers or registered investment advisors that
both recommend the purchase of Fund shares and charge such clients an
asset-based fee; (ii) a retirement plan (or the custodian for such
plan) with aggregate plan assets of at least $5 million at the time of
purchase and which purchases shares directly from Liberty Funds
Distributor, Inc., the Funds' distributor, or through a third party
broker-dealer; (iii) any insurance company, trust company or bank
purchasing shares for its own account; (iv) any endowment, investment
company or foundation; (v) clients of investment advisory affiliates of
the distributor provided that the clients meet certain criteria
established by the distributor and its affiliates; (vi) any shareholder
(or family member of such shareholder) who owned shares of any of the
funds of Liberty Acorn Trust on September 29, 2000 (when all of the
then outstanding shares of Liberty Acorn Trust were re-designated Class
Z shares) and who has since then continued to own shares of any funds
distributed by Liberty Funds Distributor, Inc.; (vii) any person
investing all or part of the proceeds of a distribution, roll over or
transfer of assets into a Liberty IRA, from any deferred compensation
plan which was a shareholder of any of the funds of Liberty Acorn Trust
on September 29, 2000, in which the investor was a participant and
through which the investor invested in one or more of the funds of
Liberty Acorn Trust immediately prior to the distribution, roll over or
transfer; (viii) any trustee of Liberty Acorn Trust, any employee of
Liberty Wanger Asset Management, L.P., or a member of the family of
such trustee or employee; and (ix) any person or entity listed in the
account registration for any account (such as joint owners, trustees,
custodians, and designated beneficiaries) that held shares of any of
the funds of Liberty Acorn Trust on September 29, 2000 and that has
since then continued to hold shares of any fund distributed by Liberty
Funds Distributor, Inc.
Initial purchases of Class Z shares are subject to a minimum purchase
amount of $100,000, except that purchases by (a) retirement plans
described in clause (ii) above are not subject to any initial
investment minimum, and (b) investors described in clauses (vi), (viii)
and (ix) above are subject to a minimum purchase amount of $1,000. The
Funds reserve the right to change the investment minimums.
<PAGE>
(3) The Shareholder Fees table for the Liberty Newport Japan Opportunities
Fund under the caption YOUR EXPENSES is amended and restated as
follows:
Shareholder Fees(2) (paid directly from your investment)
Maximum sales charge (load) on purchases (%) (as
a percentage of the offering price) 0.00
--------------------------------------------------- -----------------
Maximum deferred sales charge (load) on
redemptions (%) (as a percentage of the lesser of
purchase price or redemption price) 0.00
--------------------------------------------------- -----------------
Redemption fee (as a percentage of amount
redeemed, if applicable) (3)
--------------------------------------------------- -----------------
(2) A $10 annual fee is deducted from accounts of less than $1,000 and paid
to the transfer agent.
(3) There is a $7.50 charge for wiring sale proceeds to your bank.
(4) The Shareholder Fees table for the Liberty Newport Greater China Fund
under the caption YOUR EXPENSES is amended and restated as follows:
Shareholder Fees(7) (paid directly from your investment)
Maximum sales charge (load) on purchases (%) (as
a percentage of the offering price) 0.00
--------------------------------------------------- -----------------
Maximum deferred sales charge (load) on
redemptions (%) (as a percentage of the lesser of
purchase price or redemption price) 0.00
--------------------------------------------------- -----------------
Redemption fee (as a percentage of amount
redeemed, if applicable) (8)
--------------------------------------------------- -----------------
(7) A $10 annual fee is deducted from accounts of less than $1,000 and paid
to the transfer agent.
(8) There is a $7.50 charge for wiring sale proceeds to your bank.
(5) The second paragraph in the sidebar, UNDERSTANDING EXPENSES, under the
caption YOUR EXPENSES for both the Liberty Newport Japan Opportunities Fund
and the Liberty Newport Greater China Fund is deleted in its entirety.
(6) The last three paragraphs under the caption SALES CHARGES are deleted in
their entirety.
734-36/296D-1000 November 10, 2000
<PAGE>
LIBERTY NEWPORT JAPAN OPPORTUNITIES FUND
Class J and N Shares
Supplement to Prospectus dated April 6, 2000
The Prospectus is revised as follows:
(1) The Shareholder Fees table under the caption YOUR EXPENSES is amended
and restated as follows:
Shareholder Fees(3) (paid directly from your investment)
Class J Class N
Maximum sales charge (load) on purchases (%) (as
a percentage of the offering price) 3.00 0.00
--------------------------------------------------- ---------------- -----------
Maximum deferred sales charge (load) on
redemptions (%) (as a percentage of the lesser of
purchase price or redemption price) 0.00 3.00
--------------------------------------------------- ---------------- -----------
Redemption fee (as a percentage of amount
redeemed, if applicable) (4) (4)
--------------------------------------------------- ---------------- -----------
(3) A $10 annual fee is deducted from accounts of less than $1,000 and
paid to the transfer agent.
(4) There is a $7.50 charge for wiring sale proceeds to your bank.
(2) The second paragraph in the sidebar, UNDERSTANDING EXPENSES, under the
caption YOUR EXPENSES is deleted in its entirety.
(3) The last three paragraphs under the caption SALES CHARGES are deleted in
their entirety.
November 10, 2000
