LIBERTY INCOME BOND FUND CLASS A
(the "Fund")
SUPPLEMENT TO PROSPECTUS DATED AUGUST 1, 2000
------------------------
The section of the prospectus entitled "Principal Investment Risks" is
supplemented as follows:
Foreign securities are subject to special risks. Foreign stock markets can be
extremely volatile. Fluctuations in currency exchange rates may impact the value
of foreign securities without a change in the intrinsic value of those
securities. The liquidity of foreign securities may be more limited than
domestic securities, which means that the Fund may, at times, be unable to sell
foreign securities at desirable prices. Brokerage commissions, custodial fees
and other fees are generally higher for foreign investments. In addition,
foreign governments may impose withholding taxes which would reduce the amount
of income and capital gains available to distribute to shareholders. Other risks
include the following: possible delays in the settlement of transactions or in
the notification of income; less publicly available information about companies;
the impact of political, social or diplomatic events; and possible seizure,
expropriation or nationalization of the company or its assets or imposition of
currency exchange controls.
August 7, 2000
751-36/535C-0800
August 11, 2000
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C. 20549
Liberty-Stein Roe Funds Income Trust (the "Trust")
Stein Roe Income Fund (the "Fund")
File Nos. 811-4552 and 33-02633
Ladies and Gentlemen:
Pursuant to the requirements of Rule 497(e), submitted for filing via EDGAR is a
prospectus supplement dated August 7, 2000, which is now being used in
connection with the public offering and sale of shares of the Funds. Please be
advised that each Fund's 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 Income Trust
/s/ Vincent Pietropaolo
Vincent Pietropaolo
Assistant Secretary
Enclosures
