COLONIAL GROWTH AND INCOME FUND, VARIABLE SERIES
SUPPLEMENT TO PROSPECTUSES DATED MAY 1, 2000
Pursuant to the Board of Trustees approval, effective June 1, 2000, the Colonial
Growth and Income Fund, Variable Series will change its name to Liberty Value
Fund, Variable Series.
June 1, 2000
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COLONIAL HIGH YIELD SECURITIES FUND, VARIABLE SERIES
SUPPLEMENT TO PROSPECTUS DATED MAY 1, 2000
The Fund's Prospectus is amended as follows:
Under the Fund's description under the caption PRIMARY INVESTMENT STRATEGIES and
the sentence which describes how the Fund achieves its investment goals, the
four bullet points describing the securities ratings in which the Fund may
invest are revised as follows:
o BB through C by Standard & Poor's Corporation
o Ba through D by Moody's Investors Service, Inc.
o a comparable rating by another nationally recognized rating service, or
o the security is unrated and the advisor believes it to be comparable in
quality to securities having such ratings as noted above.
June 1, 2000
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COLONIAL GROWTH AND INCOME FUND, VARIABLE SERIES
STEIN ROE GLOBAL UTILITIES FUND, VARIABLE SERIES
COLONIAL INTERNATIONAL FUND FOR GROWTH, VARIABLE SERIES
COLONIAL U.S. GROWTH & INCOME FUND, VARIABLE SERIES
COLONIAL STRATEGIC INCOME FUND, VARIABLE SERIES
NEWPORT TIGER FUND, VARIABLE SERIES
LIBERTY ALL-STAR EQUITY FUND, VARIABLE SERIES
COLONIAL SMALL CAP VALUE FUND, VARIABLE SERIES
COLONIAL HIGH YIELD SECURITIES FUND, VARIABLE SERIES
SUPPLEMENT TO PROSPECTUSES DATED MAY 1, 2000
Effective June 1, 2000, the Funds will begin offering a new class of shares. The
new class of shares will be designated Class B shares. The existing class of
shares will be designated Class A shares. The classes differ only in that each
share class has its own expense structure.
Pursuant to the Board of Trustees approval, effective June 1, 2000, the Colonial
Growth and Income Fund, Variable Series will change its name to Liberty Value
Fund, Variable Series.
June 1, 2000
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COLONIAL INTERNATIONAL HORIZONS FUND, VARIABLE SERIES
COLONIAL GLOBAL EQUITY FUND, VARIABLE SERIES
CRABBE HUSON REAL ESTATE INVESTMENT FUND, VARIABLE SERIES
SUPPLEMENT TO PROSPECTUSES DATED MAY 1, 2000
Effective June 1, 2000, the Funds will begin offering a new class of shares. The
new class of shares will be designated Class A shares. The existing class of
shares will be designated Class B shares. The classes differ only in that each
share class has its own expense structure.
June 1, 2000
<PAGE>
COLONIAL STRATEGIC INCOME FUND, VARIABLE SERIES
SUPPLEMENT TO PROSPECTUS DATED MAY 1, 2000
The Fund's Prospectus is amended as follows:
Under the Fund's description under the caption Primary Investment Strategies and
the sentence which describes how the Fund achieves its investment goals, the
four bullet points describing the securities ratings in which the Fund may
invest are revised as follows:
o BB through C by Standard & Poor's Corporation
o Ba through D by Moody's Investors Service, Inc.
o a comparable rating by another nationally recognized rating service, or
o the security is unrated and the advisor believes it to be comparable in
quality to securities having such ratings as noted above.
June 1, 2000
