Average Annual Total Returns Columbia Multi-Advisor International Value Fund Class A, B, C, I and R4 Shares

Column

Label

Index No Deduction for Fees, Expenses, Taxes [Text]

1 year

5 years

Since inception

Inception Date

before taxes Class A

Columbia Multi-Advisor International Value Fund:

Class A — before taxes

2.43%

(1.88%)

6.51%

Sep. 28, 2001

before taxes Class B

Columbia Multi-Advisor International Value Fund:

Class B — before taxes

2.96%

(1.73%)

6.39%

Sep. 28, 2001

before taxes Class C

Columbia Multi-Advisor International Value Fund:

Class C — before taxes

6.85%

(1.45%)

6.39%

Sep. 28, 2001

before taxes Class I

Columbia Multi-Advisor International Value Fund:

Class I — before taxes

9.54%

(0.15%)

5.26%

Mar. 04, 2004

before taxes Class R4

Columbia Multi-Advisor International Value Fund:

Class R4 — before taxes

9.20%

(0.32%)

7.50%

Sep. 28, 2001

after taxes on distributions Class A

Columbia Multi-Advisor International Value Fund:

Class A — after taxes on distributions

1.55%

(3.15%)

5.54%

Sep. 28, 2001

after taxes on distributions and redemption of fund shares Class A

Columbia Multi-Advisor International Value Fund:

Class A — after taxes on distributions and redemption of fund shares

1.78%

(1.72%)

5.58%

Sep. 28, 2001

Morgan Stanley Capital International (MSCI) EAFE Value Index (Net)

^[1]

(reflects reinvested dividends net of withholding taxes but reflects no deduction for fees, expenses or other taxes)

3.25%

1.37%

Morgan Stanley Capital International (MSCI) EAFE Value Index (Net) Since Inception, 2001-09-28

7.36%

Sep. 28, 2001

Morgan Stanley Capital International (MSCI) EAFE Value Index (Net) Since Inception, 2004-03-04

5.68%

Mar. 04, 2004

MSCI EAFE Value Index (Gross)

^[1]

(reflects no deduction for fees, expenses or taxes)

3.81%

1.96%

MSCI EAFE Value Index (Gross) Since Inception, 2001-09-28

7.90%

Sep. 28, 2001

MSCI EAFE Value Index (Gross) Since Inception, 2004-03-04

6.28%

Mar. 04, 2004

Lipper International Multi-Cap Value Funds Index

(reflects no deduction for fees or taxes)

10.40%

3.37%

Lipper International Multi-Cap Value Funds Index Since Inception, 2001-09-28

8.98%

Sep. 28, 2001

Lipper International Multi-Cap Value Funds Index Since Inception, 2004-03-04

6.89%

Mar. 04, 2004

- Definition

If the Fund has annual returns for at least one calendar year, provide a table showing the Fund's (A) average annual total return; (B) average annual total return (after taxes on distributions); and (C) average annual total return (after taxes on distributions and redemption). A Money Market Fund should show only the returns described in clause (A) of the preceding sentence. All returns should be shown for 1-, 5-, and 10- calendar year periods ending on the date of the most recently completed calendar year (or for the life of the Fund, if shorter), but only for periods subsequent to the effective date of the Fund's registration statement. The table also shouldshow the returns of an appropriate broadbased securities market index as defined in Instruction 5 to Item 22(b)(7) for the same periods. A Fund that has been in existence for more than 10 years also may include returns for the life of the Fund. A Money Market Fund may provide the Fund's 7-day yield ending on the date of the most recent calendar year or disclose a toll-free (or collect) telephone number that investors can use to obtain the Fund's current 7-day yield. For a Fund (other than a Money Market Fund or a Fund described in General Instruction C.3.(d)(iii)), provide the information in the following table with the specified captions AVERAGE ANNUAL TOTAL RETURNS (For the periods ended December 31, _____). For a Fund that provides annual total returns for only one calendar year or for a Fund that does not include the bar chart because it does not have annual returns for a full calendar year, modify, as appropriate, the narrative explanation required by paragraph (c)(2)(i) (e.g., by stating that the information gives some indication of the risks of an investment in the Fund by comparing the Fund's performance with a broad measure of market performance).

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