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COLUMBIA FUNDS SERIES TRUST

Columbia Overseas Value Fund
(the "Fund")

Supplement dated January 30, 2013 to the
Fund's prospectuses dated July 1, 2012, as supplemented

(Columbia Overseas Value Fund)

Effective immediately, the second paragraph of the section of the prospectuses for the Fund entitled "Principal Investment Strategies" is deleted in its entirety and replaced with the following disclosure:

The Fund may invest in currency forwards and futures for both hedging and non-hedging purposes, including, for example, to seek to enhance returns or, in certain unusual circumstances, when holding a derivative is deemed preferable to holding the underlying asset.