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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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<PAGE> PAGE 18
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<PAGE> PAGE 19
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<PAGE> PAGE 20
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<PAGE> PAGE 21
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<PAGE> PAGE 22
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062 D000600 0.0
062 E000600 0.5
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062 H000600 0.0
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062 J000600 0.0
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062 L000600 0.0
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062 O000600 98.4
062 P000600 0.0
062 Q000600 0.0
062 R000600 1.1
063 A000600 0
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064 A000600 N
064 B000600 N
070 A010600 Y
070 A020600 N
070 B010600 N
070 B020600 N
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070 C020600 Y
070 D010600 N
070 D020600 N
070 E010600 Y
070 E020600 Y
070 F010600 N
070 F020600 N
070 G010600 Y
070 G020600 N
070 H010600 N
070 H020600 N
070 I010600 N
070 I020600 N
070 J010600 Y
070 J020600 N
070 K010600 Y
070 K020600 N
070 L010600 N
070 L020600 N
070 M010600 N
070 M020600 N
<PAGE> PAGE 23
070 N010600 Y
070 N020600 N
070 O010600 Y
070 O020600 N
070 P010600 Y
070 P020600 N
070 Q010600 N
070 Q020600 N
070 R010600 Y
070 R020600 N
071 A000600 10829
071 B000600 7007
071 C000600 99534
071 D000600 7
072 A000600 6
072 B000600 3285
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<PAGE> PAGE 24
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015 B000701 C
015 C010701 KANSAS CITY
015 C020701 MO
015 C030701 64106
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028 A010700 940
028 A020700 331
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<PAGE> PAGE 25
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<PAGE> PAGE 26
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062 E000700 0.4
062 F000700 0.0
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063 A000700 0
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065 000700 N
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070 B020700 N
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070 E020700 Y
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070 F020700 N
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070 H010700 N
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070 I010700 N
070 I020700 N
070 J010700 Y
070 J020700 N
070 K010700 Y
070 K020700 N
070 L010700 N
070 L020700 N
070 M010700 N
070 M020700 N
070 N010700 Y
070 N020700 N
070 O010700 Y
070 O020700 N
070 P010700 Y
<PAGE> PAGE 27
070 P020700 N
070 Q010700 N
070 Q020700 N
070 R010700 Y
070 R020700 N
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071 B000700 26877
071 C000700 127925
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<PAGE> PAGE 28
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015 B000801 C
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015 C030801 64106
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028 A010800 3814
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<PAGE> PAGE 29
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<PAGE> PAGE 30
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<PAGE> PAGE 31
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<PAGE> PAGE 32
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<PAGE> PAGE 33
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<PAGE> PAGE 34
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<PAGE> PAGE 35
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<PAGE> PAGE 36
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<PAGE> PAGE 37
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<PAGE> PAGE 38
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<PAGE> PAGE 39
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<PAGE> PAGE 40
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SIGNATURE JANET SHORE
TITLE ASSISTANT SECRETARY
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FINANCIAL
STATEMENTS OF COLONIAL MASSACHUSETTS TAX-EXEMPT FUND, CLASS A YEAR END
JAN-31-1996 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS OF COLONIAL MASSACHUSETTS TAX-EXEMPT FUND, CLASS A YEAR END
JAN-31-1996
</LEGEND>
<CIK> 0000810891
<NAME> COLONIAL TRUST V
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<NAME> COLONIAL MASSACHUSETTS TAX-EXEMPT FUND, CLASS A
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<DISTRIBUTIONS-OF-INCOME> 5750
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1609
<NUMBER-OF-SHARES-REDEEMED> 1807
<SHARES-REINVESTED> 404
<NET-CHANGE-IN-ASSETS> 11641
<ACCUMULATED-NII-PRIOR> 31
<ACCUMULATED-GAINS-PRIOR> (4579)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 701
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1400
<AVERAGE-NET-ASSETS> 202454
<PER-SHARE-NAV-BEGIN> 7.390
<PER-SHARE-NII> 0.217
<PER-SHARE-GAIN-APPREC> 0.210
<PER-SHARE-DIVIDEND> 0.217
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 7.6
<EXPENSE-RATIO> 0.82
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FINANCIAL
STATEMENTS OF COLONIAL MASSACHUSETTS TAX-EXEMPT FUND, CLASS B YEAR END
JAN-31-1996 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS OF COLONIAL MASSACHUSETTS TAX-EXEMPT FUND, CLASS B YEAR END
JAN-31-1996.
</LEGEND>
<CIK> 0000810891
<NAME> COLONIAL TRUST V
<SERIES>
<NUMBER> 1
<NAME> COLONIAL MASSACHUSETTS TAX-EXEMPT FUND, CLASS B
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JAN-31-1996
<PERIOD-END> JUL-31-1995
<INVESTMENTS-AT-COST> 243517
<INVESTMENTS-AT-VALUE> 256784
<RECEIVABLES> 3721
<ASSETS-OTHER> 24
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 260529
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1612
<TOTAL-LIABILITIES> 1612
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 60169
<SHARES-COMMON-STOCK> 7699
<SHARES-COMMON-PRIOR> 7308
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 34
<ACCUMULATED-NET-GAINS> (7158)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 13267
<NET-ASSETS> 258917
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 8378
<OTHER-INCOME> 0
<EXPENSES-NET> 1282
<NET-INVESTMENT-INCOME> 7096
<REALIZED-GAINS-CURRENT> (2579)
<APPREC-INCREASE-CURRENT> 9769
<NET-CHANGE-FROM-OPS> 14286
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1414
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 733
<NUMBER-OF-SHARES-REDEEMED> 448
<SHARES-REINVESTED> 106
<NET-CHANGE-IN-ASSETS> 11641
<ACCUMULATED-NII-PRIOR> 31
<ACCUMULATED-GAINS-PRIOR> (4579)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 701
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1400
<AVERAGE-NET-ASSETS> 57465
<PER-SHARE-NAV-BEGIN> 7.390
<PER-SHARE-NII> 0.188
<PER-SHARE-GAIN-APPREC> 0.210
<PER-SHARE-DIVIDEND> 0.188
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 7.600
<EXPENSE-RATIO> 1.57
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FINANCIAL
STATEMENTS OF COLONIAL CONNECTICUT TAX-EXEMPT FUND, CLASS A YEAR END JAN-31-1996
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS OF
COLONIAL CONNECTICUT TAX-EXEMPT FUND, CLASS A YEAR END JAN-31-1996
</LEGEND>
<CIK> 0000810891
<NAME> COLONIAL TRUST V
<SERIES>
<NUMBER> 2
<NAME> COLONIAL CONNECTICUT TAX-EXEMPT FUND, CLASS A
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JAN-31-1996
<PERIOD-END> JUL-31-1995
<INVESTMENTS-AT-COST> 153856
<INVESTMENTS-AT-VALUE> 156187
<RECEIVABLES> 2350
<ASSETS-OTHER> 18
<OTHER-ITEMS-ASSETS> 4
<TOTAL-ASSETS> 158559
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 984
<TOTAL-LIABILITIES> 984
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 80147
<SHARES-COMMON-STOCK> 10828
<SHARES-COMMON-PRIOR> 10539
<ACCUMULATED-NII-CURRENT> 19
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (6676)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2331
<NET-ASSETS> 157575
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 4681
<OTHER-INCOME> 0
<EXPENSES-NET> 621
<NET-INVESTMENT-INCOME> 4060
<REALIZED-GAINS-CURRENT> (2875)
<APPREC-INCREASE-CURRENT> 6831
<NET-CHANGE-FROM-OPS> 8016
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2227
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1008
<NUMBER-OF-SHARES-REDEEMED> 899
<SHARES-REINVESTED> 180
<NET-CHANGE-IN-ASSETS> 9379
<ACCUMULATED-NII-PRIOR> 91
<ACCUMULATED-GAINS-PRIOR> (3801)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 423
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1030
<AVERAGE-NET-ASSETS> 78709
<PER-SHARE-NAV-BEGIN> 7.080
<PER-SHARE-NII> 0.203
<PER-SHARE-GAIN-APPREC> 0.184
<PER-SHARE-DIVIDEND> 0.207
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 7.260
<EXPENSE-RATIO> 0.42
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FINANCIAL
STATEMENTS OF COLONIAL CONNECTICUT TAX-EXEMPT FUND, CLASS B YEAR END JAN-31-1996
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS OF
COLONIAL CONNECTICUT TAX-EXEMPT FUND, CLASS B YEAR END JAN-31-1996
</LEGEND>
<CIK> 0000810891
<NAME> COLONIAL TRUST V
<SERIES>
<NUMBER> 2
<NAME> COLONIAL CONNECTICUT TAX-EXEMPT FUND, CLASS B
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JAN-31-1996
<PERIOD-END> JUL-31-1995
<INVESTMENTS-AT-COST> 153856
<INVESTMENTS-AT-VALUE> 156187
<RECEIVABLES> 2350
<ASSETS-OTHER> 18
<OTHER-ITEMS-ASSETS> 4
<TOTAL-ASSETS> 158559
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 984
<TOTAL-LIABILITIES> 984
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 81762
<SHARES-COMMON-STOCK> 10864
<SHARES-COMMON-PRIOR> 10393
<ACCUMULATED-NII-CURRENT> 19
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (6676)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2331
<NET-ASSETS> 157575
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 4681
<OTHER-INCOME> 0
<EXPENSES-NET> 621
<NET-INVESTMENT-INCOME> 4060
<REALIZED-GAINS-CURRENT> (2875)
<APPREC-INCREASE-CURRENT> 6831
<NET-CHANGE-FROM-OPS> 8016
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1913
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 882
<NUMBER-OF-SHARES-REDEEMED> 570
<SHARES-REINVESTED> 159
<NET-CHANGE-IN-ASSETS> 9379
<ACCUMULATED-NII-PRIOR> 91
<ACCUMULATED-GAINS-PRIOR> (3801)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 423
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1030
<AVERAGE-NET-ASSETS> 78036
<PER-SHARE-NAV-BEGIN> 7.080
<PER-SHARE-NII> 0.175
<PER-SHARE-GAIN-APPREC> 0.184
<PER-SHARE-DIVIDEND> 0.179
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 7.260
<EXPENSE-RATIO> 1.17
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FINANCIAL
STATEMENTS OF COLONIAL MICHIGAN TAX-EXEMPT FUND, CLASS A YEAR END JAN-31-1996
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS OF
COLONIAL MICHIGAN TAX-EXEMPT FUND, CLASS A YEAR END JAN-31-1996
</LEGEND>
<CIK> 0000810891
<NAME> COLONIAL TRUST V
<SERIES>
<NUMBER> 4
<NAME> COLONIAL MICHIGAN TAX-EXEMPT FUND, CLASS A
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JAN-31-1996
<PERIOD-END> JUL-31-1995
<INVESTMENTS-AT-COST> 54324
<INVESTMENTS-AT-VALUE> 55220
<RECEIVABLES> 848
<ASSETS-OTHER> 91
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 56159
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 298
<TOTAL-LIABILITIES> 298
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 42589
<SHARES-COMMON-STOCK> 6191
<SHARES-COMMON-PRIOR> 6282
<ACCUMULATED-NII-CURRENT> 86
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (2644)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 902
<NET-ASSETS> 55861
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1792
<OTHER-INCOME> 0
<EXPENSES-NET> 259
<NET-INVESTMENT-INCOME> 1533
<REALIZED-GAINS-CURRENT> (1322)
<APPREC-INCREASE-CURRENT> 1916
<NET-CHANGE-FROM-OPS> 2127
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1226
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 175
<NUMBER-OF-SHARES-REDEEMED> 366
<SHARES-REINVESTED> 100
<NET-CHANGE-IN-ASSETS> (127)
<ACCUMULATED-NII-PRIOR> 134
<ACCUMULATED-GAINS-PRIOR> (1322)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 155
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 358
<AVERAGE-NET-ASSETS> 42911
<PER-SHARE-NAV-BEGIN> 6.66
<PER-SHARE-NII> 0.189
<PER-SHARE-GAIN-APPREC> 0.066
<PER-SHARE-DIVIDEND> (0.195)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 6.72
<EXPENSE-RATIO> 0.72
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FINANCIAL
STATEMENTS OF COLONIAL MICHIGAN TAX-EXEMPT FUND, CLASS B YEAR END JAN-31-1996
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS OF
COLONIAL MICHIGAN TAX-EXEMPT FUND, CLASS B YEAR END JAN-31-1996
</LEGEND>
<CIK> 0000810891
<NAME> COLONIAL TRUST V
<SERIES>
<NUMBER> 4
<NAME> COLONIAL MICHIGAN TAX-EXEMPT FUND, CLASS B
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JAN-31-1996
<PERIOD-END> JUL-31-1995
<INVESTMENTS-AT-COST> 54324
<INVESTMENTS-AT-VALUE> 55220
<RECEIVABLES> 848
<ASSETS-OTHER> 91
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 56159
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 298
<TOTAL-LIABILITIES> 298
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 14928
<SHARES-COMMON-STOCK> 2116
<SHARES-COMMON-PRIOR> 2123
<ACCUMULATED-NII-CURRENT> 86
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (2644)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 902
<NET-ASSETS> 55861
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1792
<OTHER-INCOME> 0
<EXPENSES-NET> 259
<NET-INVESTMENT-INCOME> 1533
<REALIZED-GAINS-CURRENT> (1322)
<APPREC-INCREASE-CURRENT> 1916
<NET-CHANGE-FROM-OPS> 2127
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 356
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 109
<NUMBER-OF-SHARES-REDEEMED> 142
<SHARES-REINVESTED> 26
<NET-CHANGE-IN-ASSETS> (127)
<ACCUMULATED-NII-PRIOR> 134
<ACCUMULATED-GAINS-PRIOR> (1322)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 155
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 358
<AVERAGE-NET-ASSETS> 14348
<PER-SHARE-NAV-BEGIN> 6.66
<PER-SHARE-NII> 0.164
<PER-SHARE-GAIN-APPREC> 0.066
<PER-SHARE-DIVIDEND> (0.170)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 6.72
<EXPENSE-RATIO> 1.47
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FINANCIAL
STATEMENTS OF COLONIAL MINNESOTA TAX-EXEMPT FUND, CLASS A YEAR END JAN-31-1996
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS OF
COLONIAL MINNESOTA TAX-EXEMPT FUND, CLASS A YEAR END JAN-31-1996
</LEGEND>
<CIK> 0000810891
<NAME> COLONIAL TRUST V
<SERIES>
<NUMBER> 5
<NAME> COLONIAL MINNESOTA TAX-EXEMPT FUND, CLASS A
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JAN-31-1996
<PERIOD-END> JUL-31-1995
<INVESTMENTS-AT-COST> 52207
<INVESTMENTS-AT-VALUE> 52953
<RECEIVABLES> 749
<ASSETS-OTHER> 51
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 53753
<PAYABLE-FOR-SECURITIES> 920
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 416
<TOTAL-LIABILITIES> 1336
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 36161
<SHARES-COMMON-STOCK> 5144
<SHARES-COMMON-PRIOR> 5242
<ACCUMULATED-NII-CURRENT> 22
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1632)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 746
<NET-ASSETS> 52417
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1685
<OTHER-INCOME> 0
<EXPENSES-NET> 275
<NET-INVESTMENT-INCOME> 1410
<REALIZED-GAINS-CURRENT> (894)
<APPREC-INCREASE-CURRENT> 1842
<NET-CHANGE-FROM-OPS> 2358
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1037)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 194
<NUMBER-OF-SHARES-REDEEMED> 392
<SHARES-REINVESTED> 100
<NET-CHANGE-IN-ASSETS> 1840
<ACCUMULATED-NII-PRIOR> 39
<ACCUMULATED-GAINS-PRIOR> (738)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 142
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 338
<AVERAGE-NET-ASSETS> 36559
<PER-SHARE-NAV-BEGIN> 6.84
<PER-SHARE-NII> 0.197
<PER-SHARE-GAIN-APPREC> 0.132
<PER-SHARE-DIVIDEND> (0.199)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 6.97
<EXPENSE-RATIO> 0.82
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FINANCIAL
STATEMENTS OF COLONIAL MINNESOTA TAX-EXEMPT FUND, CLASS B YEAR END JAN-31-1996
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS OF
COLONIAL MINNESOTA TAX-EXEMPT FUND, CLASS B YEAR END JAN-31-1996
</LEGEND>
<CIK> 0000810891
<NAME> COLONIAL TRUST V
<SERIES>
<NUMBER> 5
<NAME> COLONIAL MINNESOTA TAX-EXEMPT FUND, CLASS B
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JAN-31-1996
<PERIOD-END> JUL-31-1995
<INVESTMENTS-AT-COST> 52207
<INVESTMENTS-AT-VALUE> 52953
<RECEIVABLES> 749
<ASSETS-OTHER> 51
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 53753
<PAYABLE-FOR-SECURITIES> 920
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 416
<TOTAL-LIABILITIES> 1336
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 17119
<SHARES-COMMON-STOCK> 2378
<SHARES-COMMON-PRIOR> 2154
<ACCUMULATED-NII-CURRENT> 22
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1632)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 746
<NET-ASSETS> 52417
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1685
<OTHER-INCOME> 0
<EXPENSES-NET> 275
<NET-INVESTMENT-INCOME> 1410
<REALIZED-GAINS-CURRENT> (894)
<APPREC-INCREASE-CURRENT> 1842
<NET-CHANGE-FROM-OPS> 2358
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (391)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 290
<NUMBER-OF-SHARES-REDEEMED> 102
<SHARES-REINVESTED> 36
<NET-CHANGE-IN-ASSETS> 1840
<ACCUMULATED-NII-PRIOR> 39
<ACCUMULATED-GAINS-PRIOR> (738)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 142
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 338
<AVERAGE-NET-ASSETS> 15910
<PER-SHARE-NAV-BEGIN> 6.84
<PER-SHARE-NII> 0.171
<PER-SHARE-GAIN-APPREC> 0.132
<PER-SHARE-DIVIDEND> (0.173)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 6.97
<EXPENSE-RATIO> 1.57
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FINANCIAL
STATEMENTS OF COLONIAL NEW YORK TAX-EXEMPT FUND, CLASS A YEAR END JAN-31-1996
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS OF
COLONIAL NEW YORK TAX-EXEMPT FUND, CLASS A YEAR END JAN-31-1996
</LEGEND>
<CIK> 0000810891
<NAME> COLONIAL TRUST V
<SERIES>
<NUMBER> 6
<NAME> COLONIAL NEW YORK TAX-EXEMPT FUND, CLASS A
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JAN-31-1996
<PERIOD-END> JUL-31-1995
<INVESTMENTS-AT-COST> 97138
<INVESTMENTS-AT-VALUE> 101961
<RECEIVABLES> 1807
<ASSETS-OTHER> 27
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 103795
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 661
<TOTAL-LIABILITIES> 661
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 55983
<SHARES-COMMON-STOCK> 7960
<SHARES-COMMON-PRIOR> 7988
<ACCUMULATED-NII-CURRENT> 122
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (8478)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 4843
<NET-ASSETS> 103134
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 3285
<OTHER-INCOME> 0
<EXPENSES-NET> 445
<NET-INVESTMENT-INCOME> 2840
<REALIZED-GAINS-CURRENT> (2681)
<APPREC-INCREASE-CURRENT> 5653
<NET-CHANGE-FROM-OPS> 5812
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1674
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 711
<NUMBER-OF-SHARES-REDEEMED> 856
<SHARES-REINVESTED> 117
<NET-CHANGE-IN-ASSETS> 6646
<ACCUMULATED-NII-PRIOR> 199
<ACCUMULATED-GAINS-PRIOR> (5797)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 277
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 669
<AVERAGE-NET-ASSETS> 55540
<PER-SHARE-NAV-BEGIN> 6.680
<PER-SHARE-NII> 0.203
<PER-SHARE-GAIN-APPREC> 0.206
<PER-SHARE-DIVIDEND> 0.209
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 6.880
<EXPENSE-RATIO> 0.52
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FINANCIAL
STATEMENTS OF COLONIAL NEW YORK TAX-EXEMPT FUND, CLASS B YEAR END JAN-31-1996
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS OF
COLONIAL NEW YORK TAX-EXEMPT FUND, CLASS B YEAR END JAN-31-1996.
</LEGEND>
<CIK> 0000810891
<NAME> COLONIAL TRUST V
<SERIES>
<NUMBER> 6
<NAME> COLONIAL NEW YORK TAX-EXEMPT FUND, CLASS B
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JAN-31-1996
<PERIOD-END> JUL-31-1995
<INVESTMENTS-AT-COST> 97138
<INVESTMENTS-AT-VALUE> 101961
<RECEIVABLES> 1807
<ASSETS-OTHER> 27
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 103795
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 661
<TOTAL-LIABILITIES> 661
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 50666
<SHARES-COMMON-STOCK> 7040
<SHARES-COMMON-PRIOR> 6466
<ACCUMULATED-NII-CURRENT> 122
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (8478)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 4843
<NET-ASSETS> 103134
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 3285
<OTHER-INCOME> 0
<EXPENSES-NET> 445
<NET-INVESTMENT-INCOME> 2840
<REALIZED-GAINS-CURRENT> (2681)
<APPREC-INCREASE-CURRENT> 5653
<NET-CHANGE-FROM-OPS> 5812
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1244
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 850
<NUMBER-OF-SHARES-REDEEMED> 377
<SHARES-REINVESTED> 101
<NET-CHANGE-IN-ASSETS> 6646
<ACCUMULATED-NII-PRIOR> 199
<ACCUMULATED-GAINS-PRIOR> (5797)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 277
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 669
<AVERAGE-NET-ASSETS> 47196
<PER-SHARE-NAV-BEGIN> 6.680
<PER-SHARE-NII> 0.177
<PER-SHARE-GAIN-APPREC> 0.206
<PER-SHARE-DIVIDEND> 0.183
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 6.880
<EXPENSE-RATIO> 1.27
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FINANCIAL
STATEMENTS OF COLONIAL OHIO TAX-EXEMPT FUND, CLASS A YEAR END JAN-31-1996 AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS OF COLONIAL
OHIO TAX-EXEMPT FUND, CLASS A YEAR END JAN-31-1996
</LEGEND>
<CIK> 0000810891
<NAME> COLONIAL TRUST V
<SERIES>
<NUMBER> 7
<NAME> COLONIAL OHIO TAX-EXEMPT FUND, CLASS A
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JAN-31-1996
<PERIOD-END> JUL-31-1995
<INVESTMENTS-AT-COST> 125027
<INVESTMENTS-AT-VALUE> 126550
<RECEIVABLES> 3662
<ASSETS-OTHER> 81
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 130293
<PAYABLE-FOR-SECURITIES> 1927
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 736
<TOTAL-LIABILITIES> 2663
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 71925
<SHARES-COMMON-STOCK> 10202
<SHARES-COMMON-PRIOR> 10406
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (20)
<ACCUMULATED-NET-GAINS> (3535)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1356
<NET-ASSETS> 127630
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 3961
<OTHER-INCOME> 0
<EXPENSES-NET> 736
<NET-INVESTMENT-INCOME> 3225
<REALIZED-GAINS-CURRENT> (2457)
<APPREC-INCREASE-CURRENT> 5470
<NET-CHANGE-FROM-OPS> 6238
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1991)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 281
<NUMBER-OF-SHARES-REDEEMED> 677
<SHARES-REINVESTED> 192
<NET-CHANGE-IN-ASSETS> 1960
<ACCUMULATED-NII-PRIOR> 42
<ACCUMULATED-GAINS-PRIOR> (1078)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 348
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 829
<AVERAGE-NET-ASSETS> 73495
<PER-SHARE-NAV-BEGIN> 6.93
<PER-SHARE-NII> 0.190
<PER-SHARE-GAIN-APPREC> 0.163
<PER-SHARE-DIVIDEND> (0.193)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 7.09
<EXPENSE-RATIO> 0.820
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FINANCIAL
STATEMENTS OF COLONIAL OHIO TAX-EXEMPT FUND, CLASS B YEAR END JAN-31-1996 AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS OF COLONIAL
OHIO TAX-EXEMPT FUND, CLASS B YEAR END JAN-31-1996
</LEGEND>
<CIK> 0000810891
<NAME> COLONIAL TRUST V
<SERIES>
<NUMBER> 7
<NAME> COLONIAL OHIO TAX-EXEMPT FUND, CLASS B
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JAN-31-1996
<PERIOD-END> JUL-31-1995
<INVESTMENTS-AT-COST> 125027
<INVESTMENTS-AT-VALUE> 126550
<RECEIVABLES> 3662
<ASSETS-OTHER> 81
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 130293
<PAYABLE-FOR-SECURITIES> 1927
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 736
<TOTAL-LIABILITIES> 2663
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 57906
<SHARES-COMMON-STOCK> 7798
<SHARES-COMMON-PRIOR> 7726
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (20)
<ACCUMULATED-NET-GAINS> 3535
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 127630
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 3961
<OTHER-INCOME> 0
<EXPENSES-NET> 736
<NET-INVESTMENT-INCOME> 3225
<REALIZED-GAINS-CURRENT> (2457)
<APPREC-INCREASE-CURRENT> 5470
<NET-CHANGE-FROM-OPS> 6238
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1297)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 426
<NUMBER-OF-SHARES-REDEEMED> 479
<SHARES-REINVESTED> 125
<NET-CHANGE-IN-ASSETS> 1960
<ACCUMULATED-NII-PRIOR> 42
<ACCUMULATED-GAINS-PRIOR> (1078)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 348
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 829
<AVERAGE-NET-ASSETS> 55613
<PER-SHARE-NAV-BEGIN> 6.93
<PER-SHARE-NII> 0.164
<PER-SHARE-GAIN-APPREC> 0.163
<PER-SHARE-DIVIDEND> (0.167)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 7.09
<EXPENSE-RATIO> 1.57
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FINANCIAL
STATEMENTS OF COLONIAL CALIFORNIA TAX-EXEMPT FUND, CLASS A YEAR END JAN-31-1995
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS OF
COLONIAL CALIFORNIA TAX-EXEMPT FUND, CLASS A YEAR END JAN-31-1996
</LEGEND>
<CIK> 0000810891
<NAME> COLONIAL TRUST V
<SERIES>
<NUMBER> 8
<NAME> COLONIAL CALIFORNIA TAX-EXEMPT FUND, CLASS A
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JAN-31-1996
<PERIOD-END> JUL-31-1995
<INVESTMENTS-AT-COST> 393976
<INVESTMENTS-AT-VALUE> 404242
<RECEIVABLES> 7861
<ASSETS-OTHER> 76
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 412179
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 7719
<TOTAL-LIABILITIES> 7719
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 307588
<SHARES-COMMON-STOCK> 42611
<SHARES-COMMON-PRIOR> 43919
<ACCUMULATED-NII-CURRENT> 14
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (16064)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 10266
<NET-ASSETS> 404460
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 13006
<OTHER-INCOME> 0
<EXPENSES-NET> 2173
<NET-INVESTMENT-INCOME> 10833
<REALIZED-GAINS-CURRENT> (6172)
<APPREC-INCREASE-CURRENT> 18639
<NET-CHANGE-FROM-OPS> 23300
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 8625
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1289
<NUMBER-OF-SHARES-REDEEMED> 3118
<SHARES-REINVESTED> 521
<NET-CHANGE-IN-ASSETS> 3573
<ACCUMULATED-NII-PRIOR> 257
<ACCUMULATED-GAINS-PRIOR> 9892
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1111
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2231
<AVERAGE-NET-ASSETS> 309530
<PER-SHARE-NAV-BEGIN> 6.870
<PER-SHARE-NII> 0.195
<PER-SHARE-GAIN-APPREC> 0.214
<PER-SHARE-DIVIDEND> 0.199
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 7.080
<EXPENSE-RATIO> 0.87
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FINANCIAL
STATEMENTS OF COLONIAL CALIFORNIA TAX-EXEMPT FUND, CLASS B YEAR END JAN-31-1996
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS OF
COLONIAL CALIFORNIA TAX-EXEMPT FUND, CLASS B YEAR END JAN-31-1996
</LEGEND>
<CIK> 0000810891
<NAME> COLONIAL TRUST V
<SERIES>
<NUMBER> 8
<NAME> COLONIAL CALIFORNIA TAX-EXEMPT FUND, CLASS B
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JAN-31-1996
<PERIOD-END> JUL-31-1995
<INVESTMENTS-AT-COST> 393976
<INVESTMENTS-AT-VALUE> 404242
<RECEIVABLES> 7861
<ASSETS-OTHER> 76
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 412179
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 7719
<TOTAL-LIABILITIES> 7719
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 108130
<SHARES-COMMON-STOCK> 14504
<SHARES-COMMON-PRIOR> 14398
<ACCUMULATED-NII-CURRENT> 14
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (16064)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 10266
<NET-ASSETS> 404460
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 13006
<OTHER-INCOME> 0
<EXPENSES-NET> 2173
<NET-INVESTMENT-INCOME> 10833
<REALIZED-GAINS-CURRENT> (6172)
<APPREC-INCREASE-CURRENT> 18639
<NET-CHANGE-FROM-OPS> 23300
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2481
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 915
<NUMBER-OF-SHARES-REDEEMED> 989
<SHARES-REINVESTED> 180
<NET-CHANGE-IN-ASSETS> 3573
<ACCUMULATED-NII-PRIOR> 257
<ACCUMULATED-GAINS-PRIOR> 9892
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1111
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2231
<AVERAGE-NET-ASSETS> 102857
<PER-SHARE-NAV-BEGIN> 6.870
<PER-SHARE-NII> 0.168
<PER-SHARE-GAIN-APPREC> 0.214
<PER-SHARE-DIVIDEND> 0.172
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 7.080
<EXPENSE-RATIO> 1.62
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FINANCIAL
STATEMENTS OF COLONIAL FLORIDA TAX-EXEMPT FUND, CLASS A YEAR END JAN-31-1996 AND
IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS OF
COLONIAL FLORIDA TAX-EXEMPT FUND, CLASS A YEAR END JAN-31-1996
</LEGEND>
<CIK> 0000810891
<NAME> COLONIAL TRUST V
<SERIES>
<NUMBER> 9
<NAME> COLONIAL FLORIDA TAX-EXEMPT FUND, CLASS A
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JAN-31-1996
<PERIOD-END> JUL-31-1995
<INVESTMENTS-AT-COST> 65493
<INVESTMENTS-AT-VALUE> 66635
<RECEIVABLES> 1250
<ASSETS-OTHER> 40
<OTHER-ITEMS-ASSETS> 24
<TOTAL-ASSETS> 67949
<PAYABLE-FOR-SECURITIES> 3487
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 452
<TOTAL-LIABILITIES> 3939
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 31628
<SHARES-COMMON-STOCK> 4205
<SHARES-COMMON-PRIOR> 3871
<ACCUMULATED-NII-CURRENT> 103
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (3986)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1141
<NET-ASSETS> 64010
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1856
<OTHER-INCOME> 0
<EXPENSES-NET> 227
<NET-INVESTMENT-INCOME> 1629
<REALIZED-GAINS-CURRENT> (2365)
<APPREC-INCREASE-CURRENT> 3854
<NET-CHANGE-FROM-OPS> 3118
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 856
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 783
<NUMBER-OF-SHARES-REDEEMED> 490
<SHARES-REINVESTED> 41
<NET-CHANGE-IN-ASSETS> 5396
<ACCUMULATED-NII-PRIOR> 169
<ACCUMULATED-GAINS-PRIOR> (1621)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 167
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 432
<AVERAGE-NET-ASSETS> 29157
<PER-SHARE-NAV-BEGIN> 7.100
<PER-SHARE-NII> 0.207
<PER-SHARE-GAIN-APPREC> 0.189
<PER-SHARE-DIVIDEND> 0.216
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 7.280
<EXPENSE-RATIO> 0.33
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FINANCIAL
STATEMENTS OF COLONIAL FLORIDA TAX-EXEMPT FUND, CLASS B YEAR END JAN-31-1996 AND
IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS OF
COLONIAL FLORIDA TAX-EXEMPT FUND, CLASS B YEAR END JAN-31-1996
</LEGEND>
<CIK> 0000810891
<NAME> COLONIAL TRUST V
<SERIES>
<NUMBER> 9
<NAME> COLONIAL FLORIDA TAX-EXEMPT FUND, CLASS B
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JAN-31-1996
<PERIOD-END> JUL-31-1995
<INVESTMENTS-AT-COST> 65493
<INVESTMENTS-AT-VALUE> 66635
<RECEIVABLES> 1250
<ASSETS-OTHER> 40
<OTHER-ITEMS-ASSETS> 24
<TOTAL-ASSETS> 67949
<PAYABLE-FOR-SECURITIES> 3487
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 452
<TOTAL-LIABILITIES> 3939
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 35129
<SHARES-COMMON-STOCK> 4588
<SHARES-COMMON-PRIOR> 4382
<ACCUMULATED-NII-CURRENT> 103
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (3986)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1141
<NET-ASSETS> 64010
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1856
<OTHER-INCOME> 0
<EXPENSES-NET> 227
<NET-INVESTMENT-INCOME> 1629
<REALIZED-GAINS-CURRENT> (2365)
<APPREC-INCREASE-CURRENT> 3854
<NET-CHANGE-FROM-OPS> 3118
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 844
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 537
<NUMBER-OF-SHARES-REDEEMED> 371
<SHARES-REINVESTED> 40
<NET-CHANGE-IN-ASSETS> 5396
<ACCUMULATED-NII-PRIOR> 169
<ACCUMULATED-GAINS-PRIOR> (1621)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 167
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 432
<AVERAGE-NET-ASSETS> 32895
<PER-SHARE-NAV-BEGIN> 7.100
<PER-SHARE-NII> 0.180
<PER-SHARE-GAIN-APPREC> 0.189
<PER-SHARE-DIVIDEND> 0.189
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 7.280
<EXPENSE-RATIO> 1.08
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FINANCIAL
STATEMENTS OF COLONIAL NORTH CAROLINA TAX-EXEMPT FUND, CLASS A YEAR END
JAN-31-1996 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS OF COLONIAL NORTH CAROLINA TAX-EXEMPT FUND, CLASS A YEAR END
JAN-31-1996
</LEGEND>
<CIK> 0000810891
<NAME> COLONIAL TRUST V
<SERIES>
<NUMBER> 10
<NAME> COLONIAL NORTH CAROLINA TAX-EXEMPT FUND, CLASS A
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JAN-31-1996
<PERIOD-END> JUL-31-1995
<INVESTMENTS-AT-COST> 35456
<INVESTMENTS-AT-VALUE> 34860
<RECEIVABLES> 580
<ASSETS-OTHER> 33
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 35473
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 501
<TOTAL-LIABILITIES> 501
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 17127
<SHARES-COMMON-STOCK> 2314
<SHARES-COMMON-PRIOR> 2125
<ACCUMULATED-NII-CURRENT> 13
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1111)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (713)
<NET-ASSETS> 34972
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1002
<OTHER-INCOME> 0
<EXPENSES-NET> (108)
<NET-INVESTMENT-INCOME> 894
<REALIZED-GAINS-CURRENT> (676)
<APPREC-INCREASE-CURRENT> 1799
<NET-CHANGE-FROM-OPS> 2017
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (439)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 358
<NUMBER-OF-SHARES-REDEEMED> 205
<SHARES-REINVESTED> 36
<NET-CHANGE-IN-ASSETS> 3614
<ACCUMULATED-NII-PRIOR> 12
<ACCUMULATED-GAINS-PRIOR> (435)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 92
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 253
<AVERAGE-NET-ASSETS> 15522
<PER-SHARE-NAV-BEGIN> 6.68
<PER-SHARE-NII> 0.196
<PER-SHARE-GAIN-APPREC> 0.241
<PER-SHARE-DIVIDEND> (0.197)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 6.92
<EXPENSE-RATIO> 0.22
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FINANCIAL
STATEMENTS OF COLONIAL NORTH CAROLINA TAX-EXEMPT FUND, CLASS B YEAR END
JAN-31-1996 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS OF COLONIAL NORTH CAROLINA TAX-EXEMPT FUND, CLASS B YEAR END
JAN-31-1996
</LEGEND>
<CIK> 0000810891
<NAME> COLONIAL TRUST V
<SERIES>
<NUMBER> 10
<NAME> COLONIAL NORTH CAROLINA TAX-EXEMPT FUND, CLASS B
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JAN-31-1996
<PERIOD-END> JUL-31-1995
<INVESTMENTS-AT-COST> 35456
<INVESTMENTS-AT-VALUE> 34860
<RECEIVABLES> 580
<ASSETS-OTHER> 33
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 35473
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 501
<TOTAL-LIABILITIES> 501
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 19660
<SHARES-COMMON-STOCK> 2743
<SHARES-COMMON-PRIOR> 2571
<ACCUMULATED-NII-CURRENT> 13
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1111)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (713)
<NET-ASSETS> 34972
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1002
<OTHER-INCOME> 0
<EXPENSES-NET> (108)
<NET-INVESTMENT-INCOME> 894
<REALIZED-GAINS-CURRENT> (676)
<APPREC-INCREASE-CURRENT> 1799
<NET-CHANGE-FROM-OPS> 2017
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (459)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 290
<NUMBER-OF-SHARES-REDEEMED> 152
<SHARES-REINVESTED> 34
<NET-CHANGE-IN-ASSETS> 3614
<ACCUMULATED-NII-PRIOR> 12
<ACCUMULATED-GAINS-PRIOR> (435)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 92
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 253
<AVERAGE-NET-ASSETS> 18717
<PER-SHARE-NAV-BEGIN> 6.68
<PER-SHARE-NII> 0.170
<PER-SHARE-GAIN-APPREC> 0.241
<PER-SHARE-DIVIDEND> (0.171)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 6.92
<EXPENSE-RATIO> 0.97
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
