POWER OF ATTORNEY FOR SIGNATURE
The undersigned constitutes William J. Ballou, Suzan M. Barron, Truman S.
Casner, Tracy S. DiRienzo, Ellen Harrington, Russell L. Kane, John M. Loder,
Pamela A. McGrath and Vincent P. Pietropaolo, individually, as my true and
lawful attorney, with full power to each of them to sign for me and in my name,
any and all registration statements and any and all amendments to the
registration statements filed under the Securities Act of 1933 or the Investment
Company Act of 1940 with the Securities and Exchange Commission for the purpose
of complying with such registration requirements in my capacity as a trustee or
officer of certain mutual funds for which Liberty Funds Distributor, Inc. serves
as principal underwriter or Colonial Management Associates, Inc. serves as
investment manager or administrator of (i) Liberty Funds Trust I - VIII,
(together "Liberty Funds Group - Boston") (ii) Colonial Investment Grade
Municipal Trust, Colonial High Income Municipal Trust, Colonial InterMarket
Income Trust I, Colonial Municipal Income Trust, Colonial Intermediate High
Income Fund, Colonial New York Insured Municipal Fund, Colonial Insured
Municipal Fund, Colonial California Insured Municipal Fund, Liberty Investment
Grade Bond Fund and Liberty Floating Rate Advantage Fund, (together "Liberty
Closed-End Funds"). This Power of Attorney authorizes the above individuals to
sign my name and will remain in full force and effect until specifically
rescinded by me.
I specifically permit this Power of Attorney to be filed, as an exhibit to a
registration statement or amendment to a registration statement of any or all
Liberty Funds Group - Boston or Liberty Closed-End Funds with the Securities and
Exchange Commission and I request that this Power of Attorney then constitutes
authority to sign additional amendments and registration statements by virtue of
its incorporation by reference into the registration statements and amendments
for the Liberty Funds Group - Boston or Liberty Closed-End Funds.
In witness, I have signed this Power of Attorney on this 23rd August, 2000.
/s/ JOSEPH R. PALOMBO
________________________________
Joseph R. Palombo
