Exhibit (i)
COLUMBIA MANAGEMENT CO.
1300 S.W. Sixth Avenue
Portland, Oregon 97201-1350
August 1, 2000
The Trustees
CMC Fund Trust
1300 S.W. Sixth Avenue
P.O. Box 1350
Portland, Oregon 97207-1350
As general counsel to Columbia Management Co. (the "Advisor"), the
investment advisor to CMC Fund Trust (the "Trust"), I have had responsibility
for the preparation and filing of the Fund's Registration Statement on Form N-1A
(the "Registration Statement") under the Securities Act of 1933 and the
Investment Company Act of 1940 covering an indefinite number of shares of the
CMC Small/Mid Cap Fund (the "Small/Mid Cap Fund"), a portfolio of the Trust,
pursuant to Rule 24f-2. I have reviewed the corporate action of the Trust in
connection with this matter and have examined those documents, corporate records
and other instruments I deemed necessary for purposes of this opinion.
Based upon the foregoing, it is my opinion that:
1. The Trust has been duly organized and is validly existing as a
business trust under the laws of the State of Oregon;
2. An unlimited number of Shares of the Trust have been duly
authorized; and
3. Shares of the Trust representing a beneficial interest in the
CMC Small/Mid Cap Fund, when issued and sold in the manner described in the
Funds' Prospectus included with the Registration Statement and in accordance
with resolutions adopted by the Trustees of the Trust, and when payment therefor
shall have been received by the Trust, will be legally issued, fully paid and
nonassessable.
I hereby consent to the filing of this opinion as an exhibit to the
Registration Statement.
Very truly yours,
MARK A. WENTZIEN
Mark A. Wentzien
Vice President-Legal
Columbia Management Co.
