LIBERTY FUNDS TRUST II
497, 2000-04-25
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                       NEWPORT JAPAN OPPORTUNITIES FUND
                         Class A, B, C and Z Shares

                Supplement to Prospectus dated January 1, 2000

Pursuant to the Board of Trustees  approval,  effective April 27, 2000, the Fund
will change its name to Liberty Newport Japan Opportunities Fund.


734-36/171B-0400                    April 27, 2000



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