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062 E000600 1.7
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064 B000600 N
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070 A020600 N
070 B010600 N
070 B020600 N
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070 C020600 Y
070 D010600 N
070 D020600 N
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070 E020600 Y
070 F010600 N
070 F020600 N
<PAGE> PAGE 22
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070 G020600 N
070 H010600 N
070 H020600 N
070 I010600 N
070 I020600 N
070 J010600 Y
070 J020600 Y
070 K010600 Y
070 K020600 N
070 L010600 N
070 L020600 N
070 M010600 N
070 M020600 N
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
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071 B000600 39817
071 C000600 102455
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072 B000600 6616
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<PAGE> PAGE 23
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028 A010700 626
028 A020700 324
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<PAGE> PAGE 24
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<PAGE> PAGE 25
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070 I010700 N
070 I020700 N
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<PAGE> PAGE 26
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<PAGE> PAGE 27
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<PAGE> PAGE 28
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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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SIGNATURE JANET SHORE
TITLE ASSISTANT SECRETARY
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<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FINANCIAL
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JAN-31-1996 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
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</LEGEND>
<CIK> 0000810891
<NAME> COLONIAL TRUST V
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<NAME> COLONIAL MASSACHUSETTS TAX-EXEMPT FUND, CLASS A
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</TABLE>
<TABLE> <S> <C>
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<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
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<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
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<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 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 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> 0000053660
<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
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<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
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<PERIOD-END> JAN-31-1996
<INVESTMENTS-AT-COST> 99637
<INVESTMENTS-AT-VALUE> 109372
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<ASSETS-OTHER> 70
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<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
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<ACCUMULATED-NET-GAINS> (5667)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 9714
<NET-ASSETS> 110300
<DIVIDEND-INCOME> 0
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<REALIZED-GAINS-CURRENT> (1905)
<APPREC-INCREASE-CURRENT> 10524
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<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 3241
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<NUMBER-OF-SHARES-SOLD> 1214
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<SHARES-REINVESTED> 234
<NET-CHANGE-IN-ASSETS> 13812
<ACCUMULATED-NII-PRIOR> 199
<ACCUMULATED-GAINS-PRIOR> (5797)
<OVERDISTRIB-NII-PRIOR> 0
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<GROSS-EXPENSE> 1374
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<PER-SHARE-NAV-BEGIN> 6.68
<PER-SHARE-NII> 0.401
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<PER-SHARE-DISTRIBUTIONS> 0
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<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 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
<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> 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>
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 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>
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
<GROSS-ADVISORY-FEES> 186
<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>
