COLONIAL INTERNATIONAL EQUITY FUND
Supplement to the October 30, 1998 Prospectus
The Fund's Prospectus is amended as follows:
(1) Under the caption HOW THE FUND IS MANAGED the fourth paragraph is revised
in its entirety as follows:
Gita Rao, a Vice President of the Advisor, co-manages the Fund. Ms. Rao has
managed various other Colonial funds since 1995. Prior to joining the Advisor,
she was a global equity research analyst at Fidelity Management & Research
Company from 1994 to 1995 and a Vice President in the domestic equity research
group at Kidder, Peabody and Company from 1991 to 1994.
IE-36/259G-1198 November 13, 1998
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