Supplement to Prospectuses
Liberty Midcap Growth Fund Classes A, B and C
Liberty Capital Opportunities Fund Class A
Liberty Small Company Growth Fund Class A
Liberty Large Company Focus Fund Class A
Liberty Intermediate Bond Fund Class A
Liberty Income Bond Fund Class A
Liberty HighYield Bond Fund Class A
Liberty High Income Municipals Fund Class A
The Prospectuses are revised as follows:
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% CDSC if the
shares are sold within 18 months of the time of purchase. Subsequent Class A
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 contingent deferred
sales charge does not apply to retirement plans purchased through a fee-based
program.
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*
* 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% commission
from the distributor on all purchases of less than $3 million.
G-36/333C-0700 August 1, 2000
July 31, 2000
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C. 20549
Liberty-Stein Roe Funds Municipal Trust
Stein Roe High Yield Municipal Fund
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 August 1,, 2000, which is now being used in
connection with the public offering and sale of shares of the Fund. Please be
advised that the Fund's Prospectus, as supplemented and Annual Report (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
/s/Vincent Pietropalo
Vincent Pietropalo
Assistant Secretary
Enclosures
