COLONIAL NEWPORT TIGER FUND
Supplement to Prospectus dated
March 1, 1995,
Revised April 28, 1995
During the period October 1,
1995, through November 30, 1995
(Sales Period), which may be
extended by Colonial Investment
Services, Inc. (Distributor),
the Distributor will pay
participating financial service
firms 100% of the applicable
sales charge on Class A shares
of the Fund sold by such firms
during the Sales Period. In
addition, the Distributor will
pay participating financial
service firms an additional
commission equal to 0.50% of
the net asset value of the
Class B shares of the Fund and
0.15% of the net asset value of
the Class D shares of the Fund
sold by such firms during the
Sales Period.
NT-261B-0995 September 26,
1995
COLONIAL NEWPORT TIGER FUND
Supplement to Prospectus dated
March 1, 1995,
Revised April 28, 1995
A new sentence has been added
to the end of the first
paragraph under the caption How
the Fund is managed as follows:
Thomas R. Tuttle, Managing
Director of the Adviser, has co-
managed the Fund since
September 1995. Mr. Tuttle has
been a Managing Director of the
Adviser and Newport Pacific
Management since 1992 and a
Director of Newport Pacific
Management since 1984.
A new sentence has been added
to end of the fifth paragraph
under the caption How the Fund
is managed as follows:
Effective May 1, 1995, the
Administrator provides pricing
and bookkeeping services to the
Fund for a monthly fee of
$2,250 plus a percentage of the
Fund's average net assets over
$50 million.
NT-260B-0995 September 26,
1995
COLONIAL NEWPORT TIGER FUND
Supplement to the Statement of Additional Information dated
March 1, 1995
(Supplanting Supplement dated June 1, 1995)
Non-fundamental policy 1 under the caption Other Investment
Policies has been revised in its entirety as follows:
1. Own securities of any company if officers and Trustees of the
Trust or officers and directors of the Adviser who
individually own more than 0.5% of such securities together
own more than 5% of such securities;
The first paragraph under the caption Investment Performance
is revised in its entirety as follows:
The Fund's average annual total returns at December 31, 1994
were:
May 31, 1989
(commencement of investment operations)
1 year 5 years through December 31, 1994
(11.96)% 15.03% 15.45%
The first paragraph under the sub-caption Reinvestment Privilege under
the caption INVESTOR SERVICES is revised in its entirety as follows:
An investor who has redeemed Class A, B, D or T shares may, upon request,
reinvest within one year a portion or all of the proceeds of such sale
in shares of the same Class of any Colonial fund at the NAV next determined
after CISC receives a written reinvestment request and payment. Any CDSC
paid at the time of the redemption will be credited to the shareholder upon
reinvestment. The period between the redemption and the reinvestment will
not be counted in aging the reinvested shares for purposes of calculating
any CDSC or conversion date. Investors who desire to exercise this Privilege
should contact their FSF or CISC. Shareholders may exercise this Privilege
an unlimited number of times. Exercise of this Privilege does not alter the
federal income tax treatment of any capital gains realized on the prior sale
of Fund shares, but to the extent any such shares were sold at a loss, some
or all of the loss may be disallowed for tax purposes. Consult your tax
adviser.
NT-39/071B-0795 July 14, 1995
