NEWPORT JAPAN OPPORTUNITIES FUND
NEWPORT GREATER CHINA FUND
NEWPORT TIGER FUND
NEWPORT ASIA PACIFIC FUND
NEWPORT EUROPE FUND
STEIN ROE SMALL CAP ASIAN TIGER FUND
STEIN ROE ADVISOR FLOATING RATE FUND
LIBERTY-STEIN ROE ADVISOR FLOATING RATE ADVANTAGE FUND
COLONIAL INVESTMENT GRADE BOND FUND
Supplement to current Class Z share Prospectuses
The Class Z share prospectuses of the above Funds are amended to revise the
categories of investors who are eligible to purchase Class Z shares. 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; and (v) clients of investment advisory affiliates of the distributor
provided that the clients meet certain criteria established by the distributor
and its affiliates.
G-36/051B-0400 April 13, 2000
