<PAGE> PAGE 1
000 B000000 12/31/1999
000 C000000 0000876980
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000 E000000 NF
000 F000000 Y
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000 J000000 A
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001 C000000 6174263750
002 A000000 ONE FINANCIAL CENTER
002 B000000 BOSTON
002 C000000 MA
002 D010000 02111
003 000000 N
004 000000 N
005 000000 N
006 000000 N
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007 C020100 COLONIAL NEWPORT TIGER FUND
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007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 50
019 C00AA00 COLGPFUNDS
020 A000001 BARING SECURITIES
020 C000001 274
020 A000002 CREDIT LYONNAIS SECURITIES ASIA
020 C000002 154
020 A000003 JARDINE FLEMING
020 C000003 72
020 A000004 CD FIRST BOSTON CORP.
020 C000004 62
020 A000005 BEAR STERNS & CO.
020 C000005 47
020 A000006 ABN AMRO CHICAGO
020 C000006 47
020 A000007 DEUTSCHE SECURITIES ASIA
<PAGE> PAGE 2
020 C000007 46
020 A000008 SOCIETE GENERAL
020 C000008 43
020 A000009 MERILL LYNCH, PIERCE, FENNER
020 C000009 39
020 A000010 SG WARBURG
020 C000010 36
021 000000 820
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022 B000001 13-3227945
022 C000001 1248742
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022 A000002 LEHMAN BROTHERS
022 C000002 1234058
022 D000002 0
022 A000003 CHASE MANHATTAN BANK
022 C000003 46547
022 D000003 11352
022 A000004 WARBURG REPO
022 C000004 119797
022 D000004 0
022 A000005 MORGAN STANLEY & CO.
022 C000005 8774
022 D000005 0
022 A000006 INTERFUND TRADES
022 C000006 157
022 D000006 11351
022 A000007 BARING SECURITITES
022 C000007 1200
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<PAGE> PAGE 3
077 C000000 N
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
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082 A00AA00 Y
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084 A00AA00 N
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086 B010000 0
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<PAGE> PAGE 4
010 C010101 BOSTON
010 C020101 MA
010 C030101 02111
012 A000101 COLONIAL INVESTORS SERVICE CENTER, INC
012 B000101 84-1329
012 C010101 BOSTON
012 C020101 MA
012 C030101 02111
013 A000101 PRICE WATERHOUSE LLP
013 B010101 BOSTON
013 B020101 MA
013 B030101 02110
015 A000101 THE CHASE MANHATTAN BANK
015 B000101 C
015 C010101 NEW YORK
015 C020101 NY
015 C030101 10004
015 E010101 X
015 A000102 THE CHASE MANHATTAN BANK N.A.
015 B000102 S
015 C010102 BUENOS AIRES
015 D010102 ARGENTINA
015 E040102 X
015 A000103 THE CHASE MANHATTAN BANK
015 B000103 S
015 C010103 SYDNEY
015 D010103 AUSTRALIA
015 E040103 X
015 A000104 CREDITANSTALT BANKVEREIN
015 B000104 S
015 C010104 VIENNA
015 D010104 AUSTRIA
015 E040104 X
015 A000105 BRITISH BANK OF THE MIDDLE EAST
015 B000105 S
015 C010105 MANAMA
015 D010105 BAHRAIN
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015 A000106 STANDARD CHARTERED BANK
015 B000106 S
015 C010106 DHAKA
015 D010106 BANGLADESH
015 E040106 X
015 A000107 GENERALE BANK
015 B000107 S
015 C010107 BRUXELLES
015 D010107 BELGIUM
015 E040107 X
015 A000108 BARCLAYS BANK OF BOTSWANA
015 B000108 S
015 C010108 GABORONE
<PAGE> PAGE 5
015 D010108 BOTSWANA
015 E040108 X
015 A000109 CITIBANK NA
015 B000109 S
015 C010109 SAO PAULO
015 D010109 BRAZIL
015 E040109 X
015 A000110 CANADA TRUST
015 B000110 S
015 C010110 TORONTO
015 D010110 CANADA
015 E040110 X
015 A000111 CITIBANK, N.A.
015 B000111 S
015 C010111 SANTIAGO
015 D010111 CHILE
015 E040111 X
015 A000112 THE HONG KONG & SHANGHAI BANKING CORP/
015 B000112 S
015 C010112 SHANGHAI
015 D010112 CHINA
015 E040112 X
015 A000113 THE HONG KONG & SHANGHAI BANKING CORP.
015 B000113 S
015 C010113 SHENZHEN
015 D010113 CHINA
015 E040113 X
015 A000114 CITITRUST COLUMBIA, S.A.
015 B000114 S
015 C010114 BOGOTA
015 D010114 COLUMBIA
015 E040114 X
015 A000115 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
015 B000115 S
015 C010115 PRAHA
015 D010115 CZECH REPUBLIC
015 E040115 X
015 A000116 DEN DANSKE BANK
015 B000116 S
015 C010116 COPENHAGEN
015 D010116 DENMARK
015 E040116 X
015 A000117 CITIBANK, N.A.
015 B000117 S
015 C010117 QUITO
015 D010117 ECUADOR
015 E040117 X
015 A000118 NATIONAL BANK OF EGYPT
015 B000118 S
015 C010118 CAIRO
015 D010118 EGYPT
<PAGE> PAGE 6
015 E040118 X
015 A000119 MERITA BANK
015 B000119 S
015 C010119 HELSINKI
015 D010119 FINLAND
015 E040119 X
015 A000120 BANQUE PARIBUS
015 B000120 S
015 C010120 CEDEX
015 D010120 FRANCE
015 E040120 X
015 A000121 DRESDNER BANK A.G.
015 B000121 S
015 C010121 FRANKFURT
015 D010121 GERMANY
015 E040121 X
015 A000122 BARCLAY'S BANK OF GHANA LIMITED
015 B000122 S
015 C010122 ACCRA
015 D010122 GHANA
015 E040122 X
015 A000123 BARCLAYS BANK GHANA
015 B000123 S
015 C010123 ATHENS
015 D010123 GREECE
015 E040123 X
015 A000124 THE CHASE MANHATTAN BANK
015 B000124 S
015 C010124 CENTRAL
015 D010124 HONG KONG
015 E040124 X
015 A000125 CITIBANK BUDAPEST R.T.
015 B000125 S
015 C010125 BUDAPEST
015 D010125 HUNGARY
015 E040125 X
015 A000126 THE HONG KONG & SHANGHAI BANKING CORP
015 B000126 S
015 C010126 BOMBAY
015 D010126 INDIA
015 E040126 X
015 A000127 THE HONG KONG & SHANGHAI BANKING CORP.
015 B000127 S
015 C010127 JAKARTA
015 D010127 INDONESIA
015 E040127 X
015 A000128 BANK OF ISELAND
015 B000128 S
015 C010128 DUBLIN
015 D010128 IRELAND
015 E040128 X
<PAGE> PAGE 7
015 A000129 BANK LEUMI LE-ISREAL B.M.
015 B000129 S
015 C010129 TEL AVIV
015 D010129 ISRAEL
015 E040129 X
015 A000130 BANQUE PARIBUS
015 B000130 S
015 C010130 MILAN
015 D010130 ITALY
015 E040130 X
015 A000131 THE FUJI BANK LTD
015 B000131 S
015 C010131 TOKYO
015 D010131 JAPAN
015 E040131 X
015 A000132 ARAB BANK PLC
015 B000132 S
015 C010132 AMMAN
015 D010132 JORDAN
015 E040132 X
015 A000133 BARCLAY'S BANK OF KENYA LIMITED
015 B000133 S
015 C010133 NAIROBI
015 D010133 KENYA
015 E040133 X
015 A000134 THE HONG KONG & SHANGHAI BANKING CORP
015 B000134 S
015 C010134 SEOUL
015 D010134 SOUTH KOREA
015 E040134 X
015 A000135 BRITISH BANK OF THE MIDDLE EAST
015 B000135 S
015 C010135 BEIRUT
015 D010135 LEBANON
015 E040135 X
015 A000136 THE CHASE MANHATTAN BANK
015 B000136 S
015 C010136 KUALA LUMPUR
015 D010136 MALAYSIA
015 E040136 X
015 A000137 HONGKONG AND SHANGHAI BANKING CORP
015 B000137 S
015 C010137 CUREPIPE
015 D010137 MAURITIUS
015 E040137 X
015 A000138 THE CHASE MANHATTAN BANK
015 B000138 S
015 C010138 MEXICO DF
015 D010138 MEXICO
015 E040138 X
015 A000139 BANQUE COMMERCIALE DU MAROC
<PAGE> PAGE 8
015 B000139 S
015 C010139 CASA BLANCA
015 D010139 MOROCCO
015 E040139 X
015 A000140 STANDARD BANK NAMBIA LTD
015 B000140 S
015 C010140 WINDHOEK
015 D010140 NAMBIA
015 E040140 X
015 A000141 ABN AMRO BANK
015 B000141 S
015 C010141 DE BREDA
015 D010141 NETHERLANDS
015 E040141 X
015 A000142 NATIONAL NOMINEES LTD
015 B000142 S
015 C010142 AUCKLAND
015 D010142 NEW ZEALAND
015 E040142 X
015 A000143 DEN NORSKE BANK
015 B000143 S
015 C010143 OSLO
015 D010143 NORWAY
015 E040143 X
015 A000144 BRITISH BANK OF THE MIDDLE EAST
015 B000144 S
015 C010144 MUSCAT
015 D010144 OMAN
015 E040144 X
015 A000145 CITIBANK N.A
015 B000145 S
015 C010145 KARACHI
015 D010145 PAKISTAN
015 E040145 X
015 A000146 DELETE
015 A000147 CITIBANK, N.A.
015 B000147 S
015 C010147 LIMA
015 D010147 PERU
015 E040147 X
015 A000148 THE HONG KONG & SHANGHAI BANKING CORP
015 B000148 S
015 C010148 MANILA
015 D010148 PHILIPPINES
015 E040148 X
015 A000149 BANK POLSKA KASA OPIEKI S.A
015 B000149 S
015 C010149 WARSAW
015 D010149 POLAND
015 E040149 X
015 A000150 BANCO ESPIRITO SANTO E COMERCIAL SE LISONA, S
<PAGE> PAGE 9
015 B000150 S
015 C010150 LISBON
015 D010150 PORTUGAL
015 E040150 X
015 A000151 STANDARD CHARTERED BANK
015 B000151 S
015 C010151 SINGAPORE
015 D010151 SINGAPORE
015 E040151 X
015 A000152 CESKOSLOVENSKA OBCHOSNI BANKA
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015 C010152 BRATISLAVA
015 D010152 SLOVAKIA
015 E040152 X
015 A000153 STANDARD BANK OF SOUTH AFRICA
015 B000153 S
015 C010153 JOHANNESBURG
015 D010153 SOUTH AFRICA
015 E040153 X
015 A000154 THE CHASE MANHATTAN BANK
015 B000154 S
015 C010154 MADRID
015 D010154 SPAIN
015 E040154 X
015 A000155 HONGKONG AND SHANGHAI BANKING CORP
015 B000155 S
015 C010155 COLOMBO
015 D010155 SRI LANKA
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015 E040156 X
015 A000157 SKANDINAVISKA ENSKILDA BANKEN
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015 C010157 STOCKHOLM
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<PAGE> PAGE 10
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015 C010165 LUSAKA
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015 A000167 EUROCLEAR
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024 000100 Y
025 A000101 HSBC
025 C000101 E
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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062 O000100 0.0
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<PAGE> PAGE 13
062 Q000100 0.0
062 R000100 0.0
063 A000100 0
063 B000100 0.0
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066 B000100 N
066 C000100 Y
066 D000100 N
066 E000100 N
066 F000100 N
066 G000100 N
067 000100 N
068 A000100 N
068 B000100 Y
069 000100 N
070 A010100 Y
070 A020100 Y
070 B010100 N
070 B020100 N
070 C010100 N
070 C020100 N
070 D010100 N
070 D020100 N
070 E010100 N
070 E020100 N
070 F010100 Y
070 F020100 N
070 G010100 N
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 N
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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SIGNATURE GAIL KNUDSEN
TITLE ASSISTANT CONTROLLER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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</TABLE>
[PricewaterhouseCoopers logo]
PricewaterhouseCoopers LLP
160 Federal Street
Boston, MA 02110-9862
To the Shareholders and Trustees of Liberty Funds Trust VII
In planning and performing our audit of the financial statements of Newport
Tiger Fund (the "Fund") for the year ended December 31, 1999, we considered its
internal control, including control activities for safeguarding securities, in
order to determine our auditing procedures for the purpose of expressing our
opinion on the financial statements and to comply with the requirements of Form
N-SAR, and not to provide assurance on internal control.
The management of the Fund is responsible for establishing and maintaining
internal control. In fulfilling this responsibility, estimates and judgments by
management are required to assess the expected benefits and related costs of
controls. Generally, controls that are relevant to an audit pertain to the
entity's objective of preparing financial statements for external purposes that
are fairly presented in conformity with generally accepted accounting
principles. Those controls include the safeguarding of assets against
unauthorized acquisition, use or disposition.
Because of inherent limitations in internal control, errors or fraud may occur
and not be detected. Also, projection of any evaluation of internal control to
future periods is subject to the risk that it may become inadequate because of
changes in conditions or that the effectiveness of the design and operation may
deteriorate.
Our consideration of internal control would not necessarily disclose all matters
in internal control that might be material weaknesses under standards
established by the American Institute of Certified Public Accountants. A
material weakness is a condition in which the design or operation of one or more
of the internal control components does not reduce to a relatively low level the
risk that misstatements caused by error or fraud in amounts that would be
material in relation to the financial statements being audited may occur and not
be detected within a timely period by employees in the normal course of
performing their assigned functions. However, we noted no matters involving
internal control and its operation, including controls for safeguarding
securities, that we consider to be material weaknesses as defined above as of
December 31, 1999.
This report is intended solely for the information and use of management and the
Trustees of Liberty Funds Trust VII and the Securities and Exchange Commission
and is not intended to be and should not be used by anyone other than these
specified parties.
PricewaterhouseCoopers LLP
Boston, MA
February 11, 2000
