COLUMBIA FUNDS SERIES TRUST

                       Columbia Masters Heritage Portfolio
                    Columbia Masters Global Equity Portfolio
               (each a "Portfolio" and together the "Portfolios")

            Supplement dated August 18, 2009 to the Prospectuses and
            Statement of Additional Information dated August 1, 2009

The Board of Trustees of Columbia Funds Series Trust, of which each of the
Portfolios is a series, approved a plan of liquidation and termination (the
"Plan") pursuant to which each of the Portfolios will be liquidated and
terminated. Each Portfolio is expected to be liquidated completely on or about
September 30, 2009 (the "Liquidation Date"). Accordingly, each Portfolio expects
to make a final liquidating distribution to each of its shareholders of record
determined as of the close of business on the Liquidation Date in an amount
equal to the value of each shareholder's Portfolio holdings calculated as of
4:00 p.m. Eastern time on the Liquidation Date. As soon as practicable following
the completion of all final liquidating distributions on the Liquidation Date
pursuant to the Plan, each Portfolio will be terminated.

Effective September 1, 2009, each Portfolio will be closed to new investors and
existing shareholders and accounts, except with respect to existing shareholders
who reinvest Portfolio distributions, if any. Shareholders of a Portfolio may
redeem their investments in the Portfolio at any time prior to the close of
business on the Liquidation Date.

Contingent Deferred Sales Charges (CDSCs) and redemption fees will not apply to
redemptions or exchanges of Portfolio shares made on or after the date of this
Supplement.



        Shareholders should retain this Supplement for future reference.







INT-47/22308-0809