Columbia Large Cap Value Fund

On December 6, 2005 Columbia Large Cap Value Fund (Fund) purchased 317,411 par
value of notes of XL Capital Ltd. Conv Pref (Securities) for a Total purchase
price of 7,935,275 from Citigroup Global Markets/Salomon Brothers pursuant to a
public offering in which Banc of America Securities acted as a participating
underwriter. Banc of America Securities may be considered to be an affiliate of
the Fund.

The following information was collected pursuant to Rule 10f-3 procedures
adopted by the Fund's Trustees:

o The Fund's advisor, Columbia Management Advisors, LLC. (Advisor), believed
that the gross underwriting spread associated with the purchase of the
Securities was reasonable and fair compared to the spreads in connection with
similar underwritings of similar securities being sold during a comparable
period of time;

o        The Securities were offered pursuant to an underwriting or similar
         agreement under which the underwriters were committed to purchase all
         of the Securities being offered;

o       The issuer of the Securities has been in continuous operation for at
        least three years;

o       The amount of Securities purchased did not exceed 25% of the amount
        of the offering;

o       The Securities were to be purchased at not more than the public offering
        price no later than the first day of the offering.


Along with Banc of America Securities, the following is a list of members of the
underwriting syndicate for the aforementioned Securities: Citigroup; Goldman
Sachs & Co.; JP Morgan; Merrill Lynch & Co.; Wachovia Securities; Deutsche Bank
Securities, Inc.; Lehman Brothers; Calyon Securities (USA) Incc;
ING Financial Markets LLC; Keybanc Capital Markets; UBS Investment Bank;
Barclays Capital; HSBC; Lazard Capital Markets; ABN AMRO Rothschild LLC.

Columbia Large Cap Value Fund

On December 6, 2005 Columbia Large Cap Value Fund (Fund)
purchased 192,716 par value of notes of XL Capital Ltd. Conv Pref
(Securities) for a Total purchase price of 12,526,540 from Citigroup Global
Markets/Salomon Brothers pursuant to a public offering in which Banc of America
Securities acted as a participating underwriter. Banc of America Securities may
be considered to be an affiliate of the Fund.

The following information was collected pursuant to Rule 10f-3 procedures
adopted by the Fund's Trustees:

o The Fund's advisor, Columbia Management Advisors, LLC. (Advisor), believed
that the gross underwriting spread associated with the purchase of the
Securities was reasonable and fair compared to the spreads in connection with
similar underwritings of similar securities being sold during a comparable
period of time;

o        The Securities were offered pursuant to an underwriting or similar
         agreement under which the underwriters were committed to purchase all
         of the Securities being offered;

o       The issuer of the Securities has been in continuous operation for at
        least three years;

o       The amount of Securities purchased did not exceed 25% of the amount
        of the offering;

o       The Securities were to be purchased at not more than the public offering
        price no later than the first day of the offering.


Along with Banc of America Securities, the following is a list of members of the
underwriting syndicate for the aforementioned Securities: Citigroup; Goldman
Sachs & Co.; JP Morgan; Merrill Lynch & Co.; Wachovia Securities; Deutsche Bank
Securities, Inc.; Lehman Brothers; Calyon Securities (USA) Incc;
ING Financial Markets LLC; Keybanc Capital Markets; UBS Investment Bank;
 Barclays Capital; HSBC; Lazard Capital Markets; ABN AMRO Rothschild LLC.