Supplement to Prospectuses
Stein Roe Asia Pacific Fund
Stein Roe Balanced Fund
Stein Roe Capital Opportunities Fund Stein Roe Disciplined Stock Fund Stein Roe
International Fund Stein Roe Large Company Focus Fund Stein Roe Midcap Growth
Fund Stein Roe Small Company Growth Fund Stein Roe Young Investor Fund Stein Roe
Intermediate Bond Fund Stein Roe Income Fund Stein Roe HighYield Fund Stein Roe
Cash Reserves Fund Stein Roe High Yield Municipals Fund Stein Roe Intermediate
Municipals Fund Stein Roe Municipal Money Market Fund Stein Roe Managed
Municipals Fund
The section entitled "BY PHONE" under the heading "SELLING SHARES" is replaced
with the following:
BY PHONE: You may sell your shares by telephone and request that a check be sent
to your address of record by calling 800-338-2550, unless you have notified the
Fund of an address change within the previous 30 days. The dollar limit for
telephone redemptions is $100,000 in a 30-day period. This feature is
automatically added to your account unless you decline it on your application.
September 1, 2000
S36-36/737C-0800
August 31, 2000
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C. 20549
Liberty-Stein Roe Funds Municipal Trust (the "Trust") Stein Roe Intermediate
Municipals Fund Stein Roe High-Yield Municipals Fund Stein Roe Municipal Money
Market Fund Stein Roe Managed Municipals Fund (the "Funds") File Nos. 811-4367
and 2-99356
Ladies and Gentlemen:
Pursuant to the requirements of Rule 497(e), submitted for filing via
EDGAR is a prospectus supplement dated September 1 2000, which is now
being used in connection with the public offering and sale of shares
of the Funds. Please be advised that the Funds' Prospectus, Statements
of Additional Information and Annual Reports (each of which was filed
via EDGAR) have not been revised since the date of the last filing.
Sincerely,
Liberty-Stein Roe Funds Municipal Trust
Vincent Pietropaolo
Assistant Secretary
Enclosures
