Stein Roe Disciplined Stock Fund
Stein Roe Growth & Income Fund
Stein Roe Small Cap Tiger Fund
(the "Funds")
SUPPLEMENT TO PROSPECTUSES
(Replacing Supplement dated November 1, 2000)
On October 17 or October 26, 2000, the respective Boards of Trustees of the
Funds approved a proposal to reorganize each of the Funds into the respective
Acquiring Fund listed below, subject to shareholder approval. If shareholders of
each Fund approve the proposal, all of the assets of the Fund will be
transferred to the respective Acquiring Fund and shareholders of each Fund will
receive shares of the Acquiring Fund in exchange for their shares. Shareholders
of each Fund are scheduled to vote on the proposal at a special meeting of
shareholders to be held on December 27, 2000. If approved on that date, the
reorganizations are proposed to take place in January, 2001. Shareholders of the
Funds will be mailed information detailing the proposal on or about November 20,
2000.
In connection with the proposed reorganizations of the Funds, the Boards of
Trustees has suspended the sale of each Fund's shares effective November 8,
2000. Consequently, purchase orders for Fund shares received (except those
purchases that are part of the Dividend Purchase Option, Dollar Cost Averaging
program, dividend reinvestments, contributions to certain existing retirement
plan accounts and purchases through wrap fee accounts) will be rejected by each
Fund.
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Funds Acquiring Funds
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Stein Roe Disciplined Liberty Select Value
Stock Fund Fund
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Stein Roe Growth & Liberty Growth and
Income Fund Income Fund
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Stein Roe Small Cap Liberty Newport Asia
Tiger Fund Pacific Fund
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G-36/888D-1100 November 15, 2000
November 27, 2000
