Registration Nos: 33-12109
811-5030
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form N-1A
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 [ X ]
Pre-Effective Amendment No. [ ]
Post-Effective Amendment No. 20 [ X ]
--
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 [ X ]
Amendment No. 21 [ X ]
--
COLONIAL TRUST V
(Exact Name of Registrant as Specified in Charter)
One Financial Center, Boston, Massachusetts 02111
(Address of Principal Executive Offices)
(617) 426-3750
(Registrant's Telephone Number, including Area Code)
Name and Address of Agent for Service: Copy to:
Arthur O. Stern, Esquire John M. Loder, Esquire
Colonial Management Associates, Inc. Ropes & Gray
One Financial Center One International Place
Boston, Massachusetts 02111 Boston, Massachusetts 02110-2624
It is proposed that this filing will become effective (check appropriate box):
[ ] immediately upon filing pursuant to paragraph (b).
[ X ] on May 31, 1996 pursuant to paragraph (b).
[ ] 60 days after filing pursuant to paragraph (a)(1).
[ ] on (date) pursuant to paragraph (a)(1) of Rule 485.
[ ] 75 days after filing pursuant to paragraph (a)(2).
[ ] on (date) pursuant to paragraph (a)(2) of Rule 485.
If appropriate, check the following box:
[ ] this post-effective amendment designates a new
effective date for a previously filed post-effective
amendment.
STATEMENT PURSUANT TO RULE 24f-2
The Registrant has registered an indefinite number of its shares of beneficial
interest under the Securities Act of 1933 pursuant to Rule 24f-2 under the
Investment Company Act of 1940. On March 22, 1996, the Registrant filed the Rule
24f-2 Notice for Registrant's fiscal year ended January 31, 1996.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933 and the Investment
Company Act of 1940, the Registrant certifies that it meets all the requirements
for effectiveness of the Registration Statement pursuant to Rule 485(b) and has
duly caused this Post-Effective Amendment No. 19 to its Registration Statement
under the Securities Act of 1933 and Amendment No. 20 to its Registration
Statement under the Investment Company Act of 1940, to be signed in this City of
Boston and The Commonwealth of Massachusetts on the
21st day of May, 1996.
COLONIAL TRUST V
By: /s/ HAROLD W. COGGER
Harold W. Cogger, President
Pursuant to the requirements of the Securities Act of 1933, this Post-Effective
Amendment has been signed below by the following persons in their capacities and
on the date indicated.
SIGNATURES TITLE DATE
HAROLD W. COGGER President May 21, 1996
Harold W. Cogger
RICHARD A. SILVER Treasurer and Chief May 21, 1996
Richard A. Silver Financial Officer
PETER L. LYDECKER Controller May 21, 1996
Peter L. Lydecker
ROBERT J. BIRNBAUM Trustee
Robert J. Birnbaum
TOM BLEASDALE Trustee
Tom Bleasdale
LORA S. COLLINS
Lora S. Collins Trustee
JAMES E. GRINNELL
James E. Grinnell Trustee
WILLIAM D. IRELAND, JR. Trustee
William D. Ireland, Jr.
RICHARD W. LOWRY Trustee
Richard W. Lowry
WILLIAM E. MAYER Trustee
William E. Mayer
JAMES L. MOODY, JR. Trustee
James L. Moody, Jr.
JOHN J. NEUHAUSER Trustee
John J. Neuhauser
GEORGE L. SHINN Trustee MICHAEL H. KOONCE
George L. Shinn Michael H. Koonce
Attorney-in-fact
May 21, 1996
ROBERT L. SULLIVAN Trustee
Robert L. Sullivan
SINCLAIR WEEKS, JR. Trustee
Sinclair Weeks, Jr.
<PAGE>
EXHIBIT INDEX
Exhibit
17.(a) Financial Data Schedule (Class A) (CCATEF)
(b) Financial Data Schedule (Class B) (CCATEF)
(c) Financial Data Schedule (Class A)(CCTTEF)
(d) Financial Data Schedule (Class B)(CCTTEF)
(e) Financial Data Schedule (Class A)(CFLTEF)
(f) Financial Data Schedule (Class B)(CFLTEF)
(g) Financial Data Schedule (Class A)(CMATEF)
(h) Financial Data Schedule (Class B)(CMATEF)
(i) Financial Data Schedule (Class A)(CMITEF)
(j) Financial Data Schedule (Class B)(CMITEF)
(k) Financial Data Schedule (Class A)(CMNTEF)
(l) Financial Data Schedule (Class B)(CMNTEF)
(m) Financial Data Schedule (Class A)(CNYTEF)
(n) Financial Data Schedule (Class B)(CNYTEF)
(o) Financial Data Schedule (Class A)(CNCTEF)
(p) Financial Data Schedule (Class B)(CNCTEF)
(q) Financial Data Schedule (Class A)(COHTEF)
(r) Financial Data Schedule (Class B)(COHTEF)
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-31-1996
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> YEAR
<FISCAL-YEAR-END> JAN-31-1996
<PERIOD-END> JAN-31-1996
<INVESTMENTS-AT-COST> 379172
<INVESTMENTS-AT-VALUE> 409603
<RECEIVABLES> 14111
<ASSETS-OTHER> 21
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 423736
<PAYABLE-FOR-SECURITIES> 9333
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2896
<TOTAL-LIABILITIES> 12229
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 283822
<SHARES-COMMON-STOCK> 40391
<SHARES-COMMON-PRIOR> 43919
<ACCUMULATED-NII-CURRENT> 28
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (8413)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 30322
<NET-ASSETS> 411506
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 25444
<OTHER-INCOME> 0
<EXPENSES-NET> 4412
<NET-INVESTMENT-INCOME> 21032
<REALIZED-GAINS-CURRENT> (741)
<APPREC-INCREASE-CURRENT> 38695
<NET-CHANGE-FROM-OPS> 58986
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 16481
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2147
<NUMBER-OF-SHARES-REDEEMED> 6670
<SHARES-REINVESTED> 995
<NET-CHANGE-IN-ASSETS> 10620
<ACCUMULATED-NII-PRIOR> 257
<ACCUMULATED-GAINS-PRIOR> (9865)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2207
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 4463
<AVERAGE-NET-ASSETS> 305339
<PER-SHARE-NAV-BEGIN> 6.87
<PER-SHARE-NII> 0.388
<PER-SHARE-GAIN-APPREC> 0.671
<PER-SHARE-DIVIDEND> 0.389
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 7.54
<EXPENSE-RATIO> 0.89
<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> YEAR
<FISCAL-YEAR-END> JAN-31-1996
<PERIOD-END> JAN-31-1996
<INVESTMENTS-AT-COST> 379172
<INVESTMENTS-AT-VALUE> 409603
<RECEIVABLES> 14111
<ASSETS-OTHER> 21
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 423735
<PAYABLE-FOR-SECURITIES> 9333
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2896
<TOTAL-LIABILITIES> 12229
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 105748
<SHARES-COMMON-STOCK> 14180
<SHARES-COMMON-PRIOR> 14398
<ACCUMULATED-NII-CURRENT> 28
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (8413)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 30322
<NET-ASSETS> 411506
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 25444
<OTHER-INCOME> 0
<EXPENSES-NET> 4412
<NET-INVESTMENT-INCOME> 21032
<REALIZED-GAINS-CURRENT> (741)
<APPREC-INCREASE-CURRENT> 38695
<NET-CHANGE-FROM-OPS> 58986
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 4822
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1634
<NUMBER-OF-SHARES-REDEEMED> 2203
<SHARES-REINVESTED> 351
<NET-CHANGE-IN-ASSETS> 10620
<ACCUMULATED-NII-PRIOR> 257
<ACCUMULATED-GAINS-PRIOR> (9865)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2207
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 4463
<AVERAGE-NET-ASSETS> 103795
<PER-SHARE-NAV-BEGIN> 6.87
<PER-SHARE-NII> 0.334
<PER-SHARE-GAIN-APPREC> 0.671
<PER-SHARE-DIVIDEND> 0.335
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 7.54
<EXPENSE-RATIO> 1.64
<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> YEAR
<FISCAL-YEAR-END> JAN-31-1996
<PERIOD-END> JAN-31-1996
<INVESTMENTS-AT-COST> 151380
<INVESTMENTS-AT-VALUE> 161508
<RECEIVABLES> 2360
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 163868
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1044
<TOTAL-LIABILITIES> 1044
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 77722
<SHARES-COMMON-STOCK> 10496
<SHARES-COMMON-PRIOR> 10539
<ACCUMULATED-NII-CURRENT> 52
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (6740)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 10082
<NET-ASSETS> 162824
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 9383
<OTHER-INCOME> 0
<EXPENSES-NET> 1392
<NET-INVESTMENT-INCOME> 7991
<REALIZED-GAINS-CURRENT> (2937)
<APPREC-INCREASE-CURRENT> 14582
<NET-CHANGE-FROM-OPS> 19636
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 4306
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1635
<NUMBER-OF-SHARES-REDEEMED> 2028
<SHARES-REINVESTED> 350
<NET-CHANGE-IN-ASSETS> 14628
<ACCUMULATED-NII-PRIOR> 91
<ACCUMULATED-GAINS-PRIOR> (3801)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 854
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2064
<AVERAGE-NET-ASSETS> 78925
<PER-SHARE-NAV-BEGIN> 7.080
<PER-SHARE-NII> 0.400
<PER-SHARE-GAIN-APPREC> 0.552
<PER-SHARE-DIVIDEND> 0.402
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 7.630
<EXPENSE-RATIO> 0.510
<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 ENTRIETY 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> YEAR
<FISCAL-YEAR-END> JAN-31-1996
<PERIOD-END> JAN-31-1996
<INVESTMENTS-AT-COST> 151380
<INVESTMENTS-AT-VALUE> 161508
<RECEIVABLES> 2360
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 163868
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1044
<TOTAL-LIABILITIES> 1044
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 81707
<SHARES-COMMON-STOCK> 10857
<SHARES-COMMON-PRIOR> 10393
<ACCUMULATED-NII-CURRENT> 52
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (6740)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 10082
<NET-ASSETS> 162824
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 9383
<OTHER-INCOME> 0
<EXPENSES-NET> 1392
<NET-INVESTMENT-INCOME> 7991
<REALIZED-GAINS-CURRENT> (2937)
<APPREC-INCREASE-CURRENT> 14582
<NET-CHANGE-FROM-OPS> 19636
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 3736
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1370
<NUMBER-OF-SHARES-REDEEMED> 1221
<SHARES-REINVESTED> 315
<NET-CHANGE-IN-ASSETS> 14628
<ACCUMULATED-NII-PRIOR> 91
<ACCUMULATED-GAINS-PRIOR> (3801)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 854
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2064
<AVERAGE-NET-ASSETS> 79481
<PER-SHARE-NAV-BEGIN> 7.080
<PER-SHARE-NII> 0.345
<PER-SHARE-GAIN-APPREC> 0.552
<PER-SHARE-DIVIDEND> 0.347
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 7.630
<EXPENSE-RATIO> 1.25
<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> YEAR
<FISCAL-YEAR-END> JAN-31-1996
<PERIOD-END> JAN-31-1996
<INVESTMENTS-AT-COST> 66550
<INVESTMENTS-AT-VALUE> 70093
<RECEIVABLES> 1950
<ASSETS-OTHER> 104
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 72147
<PAYABLE-FOR-SECURITIES> 3387
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 420
<TOTAL-LIABILITIES> 3807
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 32133
<SHARES-COMMON-STOCK> 4280
<SHARES-COMMON-PRIOR> 3871
<ACCUMULATED-NII-CURRENT> 66
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (3283)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3530
<NET-ASSETS> 68340
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 3790
<OTHER-INCOME> 0
<EXPENSES-NET> 538
<NET-INVESTMENT-INCOME> 3252
<REALIZED-GAINS-CURRENT> (1641)
<APPREC-INCREASE-CURRENT> 6243
<NET-CHANGE-FROM-OPS> 7854
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1724
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1327
<NUMBER-OF-SHARES-REDEEMED> 1005
<SHARES-REINVESTED> 87
<NET-CHANGE-IN-ASSETS> 9726
<ACCUMULATED-NII-PRIOR> 169
<ACCUMULATED-GAINS-PRIOR> (1621)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 346
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 891
<AVERAGE-NET-ASSETS> 30476
<PER-SHARE-NAV-BEGIN> 7.10
<PER-SHARE-NII> 0.404
<PER-SHARE-GAIN-APPREC> 0.535
<PER-SHARE-DIVIDEND> (0.419)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 7.62
<EXPENSE-RATIO> 5.45
<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 FLORDIA 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-EXMEPT 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> YEAR
<FISCAL-YEAR-END> JAN-31-1996
<PERIOD-END> JAN-31-1996
<INVESTMENTS-AT-COST> 66550
<INVESTMENTS-AT-VALUE> 70093
<RECEIVABLES> 1950
<ASSETS-OTHER> 104
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 72147
<PAYABLE-FOR-SECURITIES> 3387
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 420
<TOTAL-LIABILITIES> 3807
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 35894
<SHARES-COMMON-STOCK> 4693
<SHARES-COMMON-PRIOR> 4382
<ACCUMULATED-NII-CURRENT> 66
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (3283)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3530
<NET-ASSETS> 68340
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 3790
<OTHER-INCOME> 0
<EXPENSES-NET> 538
<NET-INVESTMENT-INCOME> 3252
<REALIZED-GAINS-CURRENT> (1641)
<APPREC-INCREASE-CURRENT> 6243
<NET-CHANGE-FROM-OPS> 7854
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1662
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 959
<NUMBER-OF-SHARES-REDEEMED> 725
<SHARES-REINVESTED> 77
<NET-CHANGE-IN-ASSETS> 9726
<ACCUMULATED-NII-PRIOR> 169
<ACCUMULATED-GAINS-PRIOR> (1621)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 346
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 891
<AVERAGE-NET-ASSETS> 33741
<PER-SHARE-NAV-BEGIN> 7.10
<PER-SHARE-NII> 0.351
<PER-SHARE-GAIN-APPREC> 0.533
<PER-SHARE-DIVIDEND> (0.364)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 7.62
<EXPENSE-RATIO> 4.72
<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 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
<SERIES>
<NUMBER> 1
<NAME> COLONIAL MASSACHUSETTS TAX-EXEMPT FUND, CLASS A
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> JAN-31-1996
<PERIOD-END> JAN-31-1996
<INVESTMENTS-AT-COST> 239182
<INVESTMENTS-AT-VALUE> 266194
<RECEIVABLES> 3609
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 269803
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1393
<TOTAL-LIABILITIES> 1393
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 188369
<SHARES-COMMON-STOCK> 25836
<SHARES-COMMON-PRIOR> 26175
<ACCUMULATED-NII-CURRENT> 34
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (5945)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 27019
<NET-ASSETS> 268410
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 16637
<OTHER-INCOME> 0
<EXPENSES-NET> 2673
<NET-INVESTMENT-INCOME> 13964
<REALIZED-GAINS-CURRENT> (1354)
<APPREC-INCREASE-CURRENT> 23521
<NET-CHANGE-FROM-OPS> 36131
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 11196
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2677
<NUMBER-OF-SHARES-REDEEMED> 3796
<SHARES-REINVESTED> 780
<NET-CHANGE-IN-ASSETS> 21134
<ACCUMULATED-NII-PRIOR> 31
<ACCUMULATED-GAINS-PRIOR> (4579)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1414
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2826
<AVERAGE-NET-ASSETS> 203563
<PER-SHARE-NAV-BEGIN> 7.390
<PER-SHARE-NII> 0.424
<PER-SHARE-GAIN-APPREC> 0.650
<PER-SHARE-DIVIDEND> 0.424
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 8.040
<EXPENSE-RATIO> 0.85
<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, JAN-31-1995 AND
IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS OF
COLONIAL MASSACHUSETTS TAX-EXEMPT FUND, CLASS B YEAR END JAN-31-1995.
</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> YEAR
<FISCAL-YEAR-END> JAN-31-1995
<PERIOD-END> JAN-31-1995
<INVESTMENTS-AT-COST> 240272
<INVESTMENTS-AT-VALUE> 244818
<RECEIVABLES> 4080
<ASSETS-OTHER> 29
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 248927
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1651
<TOTAL-LIABILITIES> 1651
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 57193
<SHARES-COMMON-STOCK> 7308
<SHARES-COMMON-PRIOR> 6373
<ACCUMULATED-NII-CURRENT> 31
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (4579)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3498
<NET-ASSETS> 247276
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 16977
<OTHER-INCOME> 0
<EXPENSES-NET> 2228
<NET-INVESTMENT-INCOME> 14749
<REALIZED-GAINS-CURRENT> (2999)
<APPREC-INCREASE-CURRENT> (22859)
<NET-CHANGE-FROM-OPS> (11109)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2748
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1841
<NUMBER-OF-SHARES-REDEEMED> 1111
<SHARES-REINVESTED> 205
<NET-CHANGE-IN-ASSETS> (30179)
<ACCUMULATED-NII-PRIOR> 98
<ACCUMULATED-GAINS-PRIOR> (1580)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1446
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2526
<AVERAGE-NET-ASSETS> 52906
<PER-SHARE-NAV-BEGIN> 8.130
<PER-SHARE-NII> 0.388
<PER-SHARE-GAIN-APPREC> (0.738)
<PER-SHARE-DIVIDEND> 0.390
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 7.390
<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 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> YEAR
<FISCAL-YEAR-END> JAN-31-1996
<PERIOD-END> JAN-31-1996
<INVESTMENTS-AT-COST> 54524
<INVESTMENTS-AT-VALUE> 58262
<RECEIVABLES> 767
<ASSETS-OTHER> 28
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 59057
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 513
<TOTAL-LIABILITIES> 513
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 41033
<SHARES-COMMON-STOCK> 6072
<SHARES-COMMON-PRIOR> 6282
<ACCUMULATED-NII-CURRENT> 18
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1310)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3730
<NET-ASSETS> 58544
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 3507
<OTHER-INCOME> 0
<EXPENSES-NET> 564
<NET-INVESTMENT-INCOME> 2943
<REALIZED-GAINS-CURRENT> (716)
<APPREC-INCREASE-CURRENT> 4744
<NET-CHANGE-FROM-OPS> 6971
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2375)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 343
<NUMBER-OF-SHARES-REDEEMED> 749
<SHARES-REINVESTED> 196
<NET-CHANGE-IN-ASSETS> 2556
<ACCUMULATED-NII-PRIOR> 134
<ACCUMULATED-GAINS-PRIOR> (1322)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 309
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 707
<AVERAGE-NET-ASSETS> 42684
<PER-SHARE-NAV-BEGIN> 6.66
<PER-SHARE-NII> 0.368
<PER-SHARE-GAIN-APPREC> 0.484
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (0.382)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 7.13
<EXPENSE-RATIO> 0.80
<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> YEAR
<FISCAL-YEAR-END> JAN-31-1996
<PERIOD-END> JAN-31-1996
<INVESTMENTS-AT-COST> 54524
<INVESTMENTS-AT-VALUE> 58262
<RECEIVABLES> 767
<ASSETS-OTHER> 28
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 59057
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 513
<TOTAL-LIABILITIES> 513
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 15073
<SHARES-COMMON-STOCK> 2136
<SHARES-COMMON-PRIOR> 2123
<ACCUMULATED-NII-CURRENT> 18
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1310)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3730
<NET-ASSETS> 58544
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 3507
<OTHER-INCOME> 0
<EXPENSES-NET> 564
<NET-INVESTMENT-INCOME> 2943
<REALIZED-GAINS-CURRENT> (716)
<APPREC-INCREASE-CURRENT> 4744
<NET-CHANGE-FROM-OPS> 6971
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (697)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 242
<NUMBER-OF-SHARES-REDEEMED> 282
<SHARES-REINVESTED> 53
<NET-CHANGE-IN-ASSETS> 2556
<ACCUMULATED-NII-PRIOR> 134
<ACCUMULATED-GAINS-PRIOR> (1322)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 309
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 707
<AVERAGE-NET-ASSETS> 14467
<PER-SHARE-NAV-BEGIN> 6.66
<PER-SHARE-NII> 0.317
<PER-SHARE-GAIN-APPREC> 0.484
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (0.331)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 7.13
<EXPENSE-RATIO> 1.55
<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> YEAR
<FISCAL-YEAR-END> JAN-31-1996
<PERIOD-END> JAN-31-1996
<INVESTMENTS-AT-COST> 53660
<INVESTMENTS-AT-VALUE> 56968
<RECEIVABLES> 963
<ASSETS-OTHER> 11
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 57942
<PAYABLE-FOR-SECURITIES> 1957
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1279
<TOTAL-LIABILITIES> 2273
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 34628
<SHARES-COMMON-STOCK> 4980
<SHARES-COMMON-PRIOR> 5242
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (7)
<ACCUMULATED-NET-GAINS> (941)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3303
<NET-ASSETS> 55669
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 3341
<OTHER-INCOME> 0
<EXPENSES-NET> 581
<NET-INVESTMENT-INCOME> 2760
<REALIZED-GAINS-CURRENT> (533)
<APPREC-INCREASE-CURRENT> 4399
<NET-CHANGE-FROM-OPS> 6626
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2013
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 574
<NUMBER-OF-SHARES-REDEEMED> 1030
<SHARES-REINVESTED> 194
<NET-CHANGE-IN-ASSETS> 5092
<ACCUMULATED-NII-PRIOR> 39
<ACCUMULATED-GAINS-PRIOR> (738)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 288
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 706
<AVERAGE-NET-ASSETS> 36493
<PER-SHARE-NAV-BEGIN> 6.84
<PER-SHARE-NII> 0.384
<PER-SHARE-GAIN-APPREC> 0.516
<PER-SHARE-DIVIDEND> (0.390)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 7.35
<EXPENSE-RATIO> 0.85
<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> YEAR
<FISCAL-YEAR-END> JAN-31-1996
<PERIOD-END> JAN-31-1996
<INVESTMENTS-AT-COST> 53660
<INVESTMENTS-AT-VALUE> 56968
<RECEIVABLES> 963
<ASSETS-OTHER> 11
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 57942
<PAYABLE-FOR-SECURITIES> 1957
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1279
<TOTAL-LIABILITIES> 2273
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 18686
<SHARES-COMMON-STOCK> 2597
<SHARES-COMMON-PRIOR> 2154
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (7)
<ACCUMULATED-NET-GAINS> (941)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3303
<NET-ASSETS> 55669
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 3341
<OTHER-INCOME> 0
<EXPENSES-NET> 581
<NET-INVESTMENT-INCOME> 2760
<REALIZED-GAINS-CURRENT> (533)
<APPREC-INCREASE-CURRENT> 4399
<NET-CHANGE-FROM-OPS> 6626
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 799
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 573
<NUMBER-OF-SHARES-REDEEMED> 205
<SHARES-REINVESTED> 75
<NET-CHANGE-IN-ASSETS> 5092
<ACCUMULATED-NII-PRIOR> 39
<ACCUMULATED-GAINS-PRIOR> (738)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 288
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 706
<AVERAGE-NET-ASSETS> 16832
<PER-SHARE-NAV-BEGIN> 6.84
<PER-SHARE-NII> 0.332
<PER-SHARE-GAIN-APPREC> 0.516
<PER-SHARE-DIVIDEND> (0.338)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 7.35
<EXPENSE-RATIO> 1.60
<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> YEAR
<FISCAL-YEAR-END> JAN-31-1996
<PERIOD-END> JAN-31-1996
<INVESTMENTS-AT-COST> 99637
<INVESTMENTS-AT-VALUE> 109372
<RECEIVABLES> 1522
<ASSETS-OTHER> 70
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 110964
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 664
<TOTAL-LIABILITIES> 664
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 53073
<SHARES-COMMON-STOCK> 7839
<SHARES-COMMON-PRIOR> 7988
<ACCUMULATED-NII-CURRENT> 120
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (5667)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 9714
<NET-ASSETS> 110300
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 6616
<OTHER-INCOME> 0
<EXPENSES-NET> 979
<NET-INVESTMENT-INCOME> 5637
<REALIZED-GAINS-CURRENT> (1905)
<APPREC-INCREASE-CURRENT> 10524
<NET-CHANGE-FROM-OPS> 14256
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 3241
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1214
<NUMBER-OF-SHARES-REDEEMED> 1597
<SHARES-REINVESTED> 234
<NET-CHANGE-IN-ASSETS> 13812
<ACCUMULATED-NII-PRIOR> 199
<ACCUMULATED-GAINS-PRIOR> (5797)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 566
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1374
<AVERAGE-NET-ASSETS> 55644
<PER-SHARE-NAV-BEGIN> 6.68
<PER-SHARE-NII> 0.401
<PER-SHARE-GAIN-APPREC> 0.576
<PER-SHARE-DIVIDEND> (0.407)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 7.25
<EXPENSE-RATIO> 5.72
<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 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 FUMD, CLASS B
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> JAN-31-1996
<PERIOD-END> JAN-31-1996
<INVESTMENTS-AT-COST> 99637
<INVESTMENTS-AT-VALUE> 109372
<RECEIVABLES> 1522
<ASSETS-OTHER> 70
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 110964
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 664
<TOTAL-LIABILITIES> 664
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 53060
<SHARES-COMMON-STOCK> 7384
<SHARES-COMMON-PRIOR> 6466
<ACCUMULATED-NII-CURRENT> 120
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (5667)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 9714
<NET-ASSETS> 110300
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 6616
<OTHER-INCOME> 0
<EXPENSES-NET> 979
<NET-INVESTMENT-INCOME> 5637
<REALIZED-GAINS-CURRENT> (1905)
<APPREC-INCREASE-CURRENT> 10524
<NET-CHANGE-FROM-OPS> 14256
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2495
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1599
<NUMBER-OF-SHARES-REDEEMED> 886
<SHARES-REINVESTED> 205
<NET-CHANGE-IN-ASSETS> 13812
<ACCUMULATED-NII-PRIOR> 199
<ACCUMULATED-GAINS-PRIOR> (5797)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 566
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1374
<AVERAGE-NET-ASSETS> 49311
<PER-SHARE-NAV-BEGIN> 6.68
<PER-SHARE-NII> 0.349
<PER-SHARE-GAIN-APPREC> 0.576
<PER-SHARE-DIVIDEND> (0.355)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 7.25
<EXPENSE-RATIO> 4.97
<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> YEAR
<FISCAL-YEAR-END> JAN-31-1996
<PERIOD-END> JAN-31-1996
<INVESTMENTS-AT-COST> 33049
<INVESTMENTS-AT-VALUE> 34580
<RECEIVABLES> 1017
<ASSETS-OTHER> 136
<OTHER-ITEMS-ASSETS> 20
<TOTAL-ASSETS> 35753
<PAYABLE-FOR-SECURITIES> 1129
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 218
<TOTAL-LIABILITIES> 1347
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 16151
<SHARES-COMMON-STOCK> 2174
<SHARES-COMMON-PRIOR> 2125
<ACCUMULATED-NII-CURRENT> 22
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1604)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1519
<NET-ASSETS> 34406
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2001
<OTHER-INCOME> 0
<EXPENSES-NET> 255
<NET-INVESTMENT-INCOME> 1746
<REALIZED-GAINS-CURRENT> (1167)
<APPREC-INCREASE-CURRENT> 4031
<NET-CHANGE-FROM-OPS> 4610
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (852)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 495
<NUMBER-OF-SHARES-REDEEMED> (516)
<SHARES-REINVESTED> 70
<NET-CHANGE-IN-ASSETS> 3048
<ACCUMULATED-NII-PRIOR> 12
<ACCUMULATED-GAINS-PRIOR> (435)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 186
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 516
<AVERAGE-NET-ASSETS> 15568
<PER-SHARE-NAV-BEGIN> 6.68
<PER-SHARE-NII> 0.386
<PER-SHARE-GAIN-APPREC> 0.588
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (0.384)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 7.27
<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 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> YEAR
<FISCAL-YEAR-END> JAN-31-1996
<PERIOD-END> JAN-31-1996
<INVESTMENTS-AT-COST> 33049
<INVESTMENTS-AT-VALUE> 34580
<RECEIVABLES> 1017
<ASSETS-OTHER> 136
<OTHER-ITEMS-ASSETS> 20
<TOTAL-ASSETS> 35753
<PAYABLE-FOR-SECURITIES> 1129
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 218
<TOTAL-LIABILITIES> 1347
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 18318
<SHARES-COMMON-STOCK> 2557
<SHARES-COMMON-PRIOR> 2571
<ACCUMULATED-NII-CURRENT> 22
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1604)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1519
<NET-ASSETS> 34406
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2001
<OTHER-INCOME> 0
<EXPENSES-NET> 255
<NET-INVESTMENT-INCOME> 1746
<REALIZED-GAINS-CURRENT> (1167)
<APPREC-INCREASE-CURRENT> 4031
<NET-CHANGE-FROM-OPS> 4610
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (894)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 440
<NUMBER-OF-SHARES-REDEEMED> (521)
<SHARES-REINVESTED> 67
<NET-CHANGE-IN-ASSETS> 3048
<ACCUMULATED-NII-PRIOR> 12
<ACCUMULATED-GAINS-PRIOR> (435)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
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<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 516
<AVERAGE-NET-ASSETS> 18917
<PER-SHARE-NAV-BEGIN> 6.68
<PER-SHARE-NII> 0.334
<PER-SHARE-GAIN-APPREC> 0.588
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (0.332)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 7.27
<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 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> YEAR
<FISCAL-YEAR-END> JAN-31-1996
<PERIOD-END> JAN-31-1996
<INVESTMENTS-AT-COST> 122332
<INVESTMENTS-AT-VALUE> 131204
<RECEIVABLES> 1645
<ASSETS-OTHER> 68
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 132917
<PAYABLE-FOR-SECURITIES> 1709
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 665
<TOTAL-LIABILITIES> 2374
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 69566
<SHARES-COMMON-STOCK> 99076
<SHARES-COMMON-PRIOR> 10406
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (52)
<ACCUMULATED-NET-GAINS> (3443)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 8855
<NET-ASSETS> 130543
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<EXPENSES-NET> 1509
<NET-INVESTMENT-INCOME> 6277
<REALIZED-GAINS-CURRENT> (2577)
<APPREC-INCREASE-CURRENT> 12969
<NET-CHANGE-FROM-OPS> 16669
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 3859
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 500
<NUMBER-OF-SHARES-REDEEMED> (1318)
<SHARES-REINVESTED> 319
<NET-CHANGE-IN-ASSETS> 4873
<ACCUMULATED-NII-PRIOR> 42
<ACCUMULATED-GAINS-PRIOR> (1078)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 696
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1654
<AVERAGE-NET-ASSETS> 73281
<PER-SHARE-NAV-BEGIN> 6.93
<PER-SHARE-NII> 0.375
<PER-SHARE-GAIN-APPREC> 0.585
<PER-SHARE-DIVIDEND> (0.380)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 7.51
<EXPENSE-RATIO> 5.19
<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 TIS 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> YEAR
<FISCAL-YEAR-END> JAN-31-1996
<PERIOD-END> JAN-31-1996
<INVESTMENTS-AT-COST> 122332
<INVESTMENTS-AT-VALUE> 131204
<RECEIVABLES> 1645
<ASSETS-OTHER> 68
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 132917
<PAYABLE-FOR-SECURITIES> 1709
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 665
<TOTAL-LIABILITIES> 2374
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 55617
<SHARES-COMMON-STOCK> 7479
<SHARES-COMMON-PRIOR> 7726
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (52)
<ACCUMULATED-NET-GAINS> (3443)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 8855
<NET-ASSETS> 130543
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 7786
<OTHER-INCOME> 0
<EXPENSES-NET> 1509
<NET-INVESTMENT-INCOME> 6277
<REALIZED-GAINS-CURRENT> (2577)
<APPREC-INCREASE-CURRENT> 12969
<NET-CHANGE-FROM-OPS> 16669
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2516
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 765
<NUMBER-OF-SHARES-REDEEMED> (1228)
<SHARES-REINVESTED> 216
<NET-CHANGE-IN-ASSETS> 4873
<ACCUMULATED-NII-PRIOR> 42
<ACCUMULATED-GAINS-PRIOR> (1078)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 696
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1654
<AVERAGE-NET-ASSETS> 55723
<PER-SHARE-NAV-BEGIN> 6.93
<PER-SHARE-NII> 0.321
<PER-SHARE-GAIN-APPREC> 0.585
<PER-SHARE-DIVIDEND> (0.326)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 7.51
<EXPENSE-RATIO> 4.44
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
