COLONIAL U.S. STOCK FUND
Supplement to Statement of Additional Information
dated October 27, 1997
The following is added after the eighth paragraph under the
caption PERFORMANCE MEASURES:
General. From time to time, the Fund may discuss, or quote its
current portfolio manager as well as other investment personnel,
including such persons' views on: the economy; securities
markets; portfolio securities and their issuers; investment
philosophies, strategies, techniques and criteria used in the
selection of securities to be purchased or sold for the Fund,
including the New ValueTM investment strategy that expands upon
the principals of traditional value investing; the Fund's
portfolio holdings; the investment research and analysis process;
the formulation and evaluation of investment recommendations; and
the assessment and evaluation of credit, interest rate, market
and economic risks and similar or related matters.
The Fund may also quote evaluations mentioned in independent
radio or television broadcasts, and use charts and graphs to
illustrate the past performance of various indices such as those
mentioned in Appendix II and illustrations using hypothetical
rates of return to illustrate the effects of compounding and tax-
deferral. The Fund may advertise examples of the effects of
periodic investment plans, including the principle of dollar
costs averaging. In such a program, an investor invests a fixed
dollar amount in a fund at periodic intervals, thereby purchasing
fewer shares when prices are high and more shares when prices are
low.
The Fund may also discuss any sub-advisers and the investment
adviser's process of selecting sub-advisers, including the
benefits to shareholders of multiple sub-advisers and the
characteristics of the sub-advisers.
From time to time, the Fund may also discuss or quote the views
of its distributor, its investment adviser and other financial
planning, legal, tax, accounting, insurance, estate planning and
other professionals, or from surveys, regarding individual and
family financial planning. Such views may include information
regarding: retirement planning; general investment techniques
(e.g., asset allocation and disciplined saving and investing);
business succession; issues with respect to insurance (e.g.,
disability and life insurance and Medicare supplemental
insurance); issues regarding financial and health care management
for elderly family members; and similar or related matters.
SF-39/962E-0398 March 16, 1998
