COLONIAL SMALL CAP VALUE FUND
COLONIAL U.S. STOCK FUND
COLONIAL GLOBAL UTILITIES FUND
COLONIAL INTERNATIONAL FUND FOR GROWTH
COLONIAL STRATEGIC BALANCED FUND
COLONIAL NEWPORT TIGER FUND
COLONIAL NEWPORT JAPAN FUND
COLONIAL NEWPORT TIGER CUB FUND
Supplement to Prospectuses
Recently, the Funds' Trustees approved a name change for each Fund's Class D
shares and eliminated the Class D share initial sales charge. Each Fund's "Class
D" shares have been renamed "Class C" shares and any reference in the Funds'
Prospectuses to "Class D" shares is now a reference to "Class C" shares. Except
as described below, the other features of Class D shares remain unchanged,
including the 1.00% contingent deferred sales charge.
In connection with this change, the "Maximum Sales Charge" under Shareholder
Transaction Expenses on Page 2 is deleted, and the "Maximum Initial Sales Charge
Imposed on a Purchase" is reduced to 0.00%. Purchases of $1,000,000 or more must
be for Class A shares.
The Funds' Examples, as they relate to cumulative expenses attributable to a
hypothetical $1,000 investment in each Fund's Class C shares for the periods
specified, assuming a 5% annual return and, unless otherwise noted, redemption
at period end, are revised as follows:
<TABLE>
<CAPTION>
Example 1 (assumes redemption at period end)
Global International Strategic Newport
Small Cap U.S. Stock Utilities Fund for Balanced Newport Japan Fund Newport Tiger
Value Fund Fund Fund Growth (1) Fund (1) Tiger Fund (1) Cub Fund (1)
Period Class C Class C Class C Class C Class C Class C Class C Class C
<C> <C> <C> <C> <C> <C> <C> <C> <C>
1 year $ 32 $ 32 $ 32 $ 35 $ 31 $ 35 $ 38 $ 40
3 years $ 67 $ 68 $ 67 $ 78 $ 66 $ 78 $ 85 $ 93
5 years $114 $117 $115 $133 $113 $133 $145 $158
10 years $246 $251 $247 $284 $243 $283 $308 $332
</TABLE>
<TABLE>
<CAPTION>
Example 2 (assumes no redemption)
Global International Strategic Newport
Small Cap U.S. Stock Utilities Fund for Balanced Newport Japan Fund Newport
Value Fund Fund Fund Growth (1) Fund (1) Tiger Fund (1) Tiger
Cub Fund (1)
Period Class C Class C Class C Class C Class C Class C Class C Class C
<C> <C> <C> <C> <C> <C> <C> <C> <C>
1 year $ 22 $ 22 $ 22 $ 25 $ 21 $ 25 $ 28 $ 30
3 years $ 67 $ 68 $ 67 $ 78 $ 66 $ 78 $ 85 $ 93
5 years $114 $117 $115 $133 $113 $133 $145 $158
10 years $246 $251 $247 $284 $243 $283 $308 $332
</TABLE>
(1) Includes voluntary fee reductions.
Example 3 (assumes redemption at period end without voluntary fee reductions)
Newport
International Strategic Japan Fund Newport Tiger
Fund for Growth Balanced Fund Cub Fund
Period Class C Class C Class C Class C
1 year $ 36 $ 33 $ 67 $ 64
3 years $ 79 $ 72 $171 $161
5 years $135 $123 $282 $268
10 years $287 $263 $554 $530
<PAGE>
Example 4 (assumes no redemption without voluntary fee reductions)
Newport
International Strategic Japan Fund Newport Tiger
Fund for Growth Balanced Fund Cub Fund
Period Class C Class C Class C Class C
1 year $ 26 $ 23 $ 57 $ 54
3 years $ 79 $ 72 $171 $161
5 years $135 $123 $282 $268
10 years $287 $263 $554 $530
The two paragraphs following the subcaption Class D Shares under the caption How
to Buy Shares are revised in their entirety as follows:
Class C Shares. Class C shares are offered at net asset value and are subject to
a 0.75% annual distribution fee and a 1.00% contingent deferred sales charge on
redemptions made within one year after the end of the month in which the
purchase was accepted.
The Distributor pays financial service firms an initial commission of 1.00% on
Class C share purchases and an ongoing commission of 0.75% annually commencing
after the shares purchased have been outstanding for one year. Payment of the
ongoing commission is conditioned on receipt by the Distributor of the 0.75%
annual distribution fee referred to above. The commission may be reduced or
eliminated if the distribution fee paid by each Fund is reduced or eliminated
for any reason.
Effective August 15, 1997, each Fund's Class C share exchange policy will be
modified to permit only one "roundtrip" exchange per three- month period,
measured from the date of the initial purchase. For example, an exchange from
Fund A to Fund B and back to Fund A would be permitted only once during each
three-month period.
D-785D-0697 July 1, 1997
<PAGE>
COLONIAL SMALL CAP VALUE FUND
COLONIAL U.S. STOCK FUND
COLONIAL GLOBAL UTILITIES FUND
COLONIAL INTERNATIONAL FUND FOR GROWTH
COLONIAL STRATEGIC BALANCED FUND
COLONIAL NEWPORT TIGER FUND
COLONIAL NEWPORT JAPAN FUND
COLONIAL NEWPORT TIGER CUB FUND
Supplement to Statements of Additional Information
Recently, the Funds' Trustees approved a name change for each Fund's Class D
shares and eliminated the Class D share initial sales charge. Each Fund's "Class
D" shares have been renamed "Class C" shares and any reference in each Fund's
Prospectus and Statement of Additional Information to "Class D" shares is now a
reference to "Class C" shares. Class C shares are described in each Fund's
Prospectus Supplement dated July 1, 1997.
D-39/877D-0797 July 10, 1997
