COLONIAL NEWPORT TIGER FUND
Supplement to the Statement of Additional Information dated March 1, 1995
(Replacing Supplement dated September 26, 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%
A new paragraph has been added after the last paragraph under the
sub-caption Waiver of Contingent Deferred Sales Charges (CDSCs),
which is under the caption HOW TO BUY SHARES, as follows:
The CDSC also may be waived where the financial service firm
agrees to return all or an agreed upon portion of the commission
earned on the sale of the shares being redeemed.
The first paragraph under the sub-caption Reinvestment Privilege,
which is 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.
The following sources have been added under the caption Appendix II:
1994
SOURCE CATEGORY RETURN (%)
Bloomberg NA NA
Credit Lyonnais NA NA
Lipper Pacific Ex Japan Funds -18.94
Statistical Abstract of the U.S. NA NA
Strategic Insight NA NA
World Economic Outlook NA NA
NT-377B-1195 November 8, 1995
