COLONIAL U.S. FUND FOR GROWTH
Supplement to Prospectus
dated October 28, 1996
On October 18, 1996, the Trustees voted to terminate the sub-advisory
agreement with State Street Bank and Trust Company effective no later
than December 31, 1996. Following such termination, Colonial
Management Associates, Inc. (Colonial) will provide the Fund with
investment management services under its current management
agreement, without involvement by any sub-adviser. The portfolio
managers of the Fund will be Mark Stoeckle and Peter Wiley, each of
whom is a Vice President of Colonial. Prior to joining Colonial in
1996, Mr. Stoeckle was a portfolio manager at Massachusetts Financial
Services Company and an investment banker at Bear, Stearns & Co. Inc.
Prior to joining Colonial in 1992, Mr. Wiley was an Analyst at State
Street Bank and Trust Company and an Assistant Technical Staff Member
of the Massachusetts Institute of Technology's Lincoln Laboratory.
The Fund will continue to seek growth exceeding over time that of the
S&P 500 Index by investing primarily in large capitalization U.S.
equity securities.
US-36/844C-1096 November 4, 1996
COLONIAL U.S. FUND FOR GROWTH
Supplement to the Statement of Additional Information
dated October 28, 1996
On October 18, 1996, the Trustees voted to terminate the sub-
advisory agreement with State Street Bank and Trust Company
effective no later than December 31, 1996. Following such
termination, Colonial Management Associates, Inc. (Colonial) will
provide the Fund with investment management services under its
current management agreement agreement, without involvement by
any sub-adviser. The portfolio managers of the Fund will be Mark
Stoeckle and Peter Wiley, each of whom is a Vice President of
Colonial. Prior to joining Colonial in 1996, Mr. Stoeckle was a
portfolio manager at Massachusetts Financial Services Company and
an investment banker at Bear, Stearns & Co. Inc. Prior to
joining Colonial in 1992, Mr. Wiley was an Analyst at State
Street Bank and Trust Company and an Assistant Technical Staff
Member of the Massachusetts Institute of Technology's Lincoln
Laboratory. The Fund will continue to seek growth exceeding over
time that of the S&P 500 Index by investing primarily in large
capitalization U.S. equity securities.
US-39/932C-1096 November 4, 1996
