COLONIAL AGGRESSIVE GROWTH FUND
Supplement to Prospectus dated
September 30, 1996
Effective January 24, 1997, James P. Haynie and Michael E. Rega no longer
co-manage the Fund.
Mark Stoeckle, Vice President of the Adviser, has co-managed the Fund since
January, 1997. Prior to joining the Adviser in 1996, Mr. Stoeckle was a
portfolio manager at Massachusetts Financial Services Company and an investment
banker at Bear, Stearns & Co. Inc.
Peter Wiley, Vice President of the Adviser, has co-managed the Fund since
January, 1997 and has co-managed various other Colonial equity funds since 1995.
Prior to co-managing the Fund, Mr. Wiley was an Equity Research Analyst of the
Adviser. Prior to joining the Adviser in 1992, Mr. Wiley was an Analyst at State
Street Bank and Trust Company.
AG-36\444D-0297 March 10, 1997
