COLONIAL HIGH YIELD SECURITIES FUND
COLONIAL STRATEGIC INCOME FUND
COLONIAL GROWTH SHARES FUND
THE COLONIAL FUND
COLONIAL STRATEGIC BALANCED FUND
COLONIAL SMALL STOCK FUND
COLONIAL NEWPORT TIGER FUND
During the period from July 1, 1996, through September 30,
1996 (Sales Period), unless extended by Colonial
Investment Services, Inc. (Distributor), the Distributor
will pay to each of A.G. Edwards & Sons, Inc., Royal
Alliance and SunAmerica (collectively, the "Brokers")
100% of the applicable sales charge on Class A shares of
each of the funds listed above (Funds) sold by the Brokers
during the Sales Period. In addition, the Distributor will
pay the Brokers an additional commission equal to 0.50% of
the net asset value of the Class B shares of the Funds,
and 0.15% of the net asset value of the Class D shares of
the Funds, if applicable, sold by the Brokers during the
Sales Period.
D-324C-0696 July 1, 1996
