ADMINISTRATION AGREEMENT


AGREEMENT dated as of November 1, 2003, between COLUMBIA FUNDS TRUST IV, a
Massachusetts business trust (the "Trust"), with respect to Columbia Municipal
Money Market Fund (the "Fund"), and COLUMBIA MANAGEMENT ADVISORS, INC., an
Oregon corporation (the "Administrator").

In consideration of the promises and covenants herein, the parties agree as
follows:

1. Subject to the general  direction and control of the Board of Trustees of the
Trust, the Administrator shall perform such administrative  services as may from
time to time be reasonably  requested by the Trust,  which shall include without
limitation:  (a)  providing  office  space,  equipment  and  clerical  personnel
necessary for  maintaining  the  organization of the Fund and for performing the
administrative  functions  herein set forth;  (b)  arranging,  if desired by the
Trust,  for Directors,  officers and employees of the  Administrator to serve as
Trustees,  officers or agents of the Fund if duly  elected or  appointed to such
positions and subject to their individual consent and to any limitations imposed
by law; (c) preparing  and, if  applicable,  filing all  documents  required for
compliance  by  the  Fund  with  applicable  laws  and  regulations,   including
registration  statements,  registration  fee  filings,  semi-annual  and  annual
reports to shareholders,  proxy  statements and tax returns;  (d) preparation of
agendas and  supporting  documents  for and  minutes of  meetings  of  Trustees,
committees of Trustees and shareholders;  (e) monitoring  compliance by the Fund
with Rule  2a-7  under  the  Investment  Company  Act of 1940  ("1940  Act") and
reporting to the Trustees from time to time with respect thereto; (f) monitoring
the investments and operations of any open-end  investment  company in which the
Fund may invest and  reporting  to the  Trustees  from time to time with respect
thereto;  (g)  coordinating  and  overseeing  the activities of the Fund's other
third-party service providers; and (h) maintaining books and records of the Fund
(exclusive   of  records   required   by   Section   31(a)  of  the  1940  Act).
Notwithstanding  the foregoing,  the  Administrator  shall not be deemed to have
assumed  any duties  with  respect  to, and shall not be  responsible  for,  the
management  of the Fund's  assets or the  rendering  of  investment  advice with
respect  thereto,  or of insuring that any investment  company in which the Fund
may  invest  complies  with  Rule  2a-7  under  the  1940  Act,  nor  shall  the
Administrator be deemed to have assumed or have any responsibility  with respect
to  functions  specifically  assumed by any  transfer  agent or custodian of the
Fund.

2.   The Administrator shall be free to render similar services to others so
     long as its services hereunder are not impaired thereby.

3.   The Fund shall pay the Administrator monthly a fee at the annual rate of
     0.25% of the first $500 million of the average daily net assets of the
     Fund, 0.20% of the next $500 million and 0.15% in excess of $1 billion.

4.   This Agreement shall become effective as of the date of its execution, and
     may be terminated without penalty by the Board of Trustees of the Trust or
     by the Administrator, in each case on sixty days' written notice to the
     other party.

5.   This Agreement may be amended only by a writing signed by both parties.

6.   In the absence of willful misfeasance, bad faith or gross negligence on the
     part of the Administrator, or reckless disregard of its obligations and
     duties hereunder, the Administrator shall not be subject to any liability
     to the Trust or Fund, to any shareholder of the Trust or the Fund or to any
     other person, firm or organization, for any act or omission in the course
     of, or connected with, rendering services hereunder.

COLUMBIA FUNDS TRUST IV
on behalf of Columbia Municipal Money Market Fund


By:  _____________________________
      Joseph R. Palombo
      President

                       COLUMBIA MANAGEMENT ADVISORS, INC.


By:  _____________________________
      Joseph R. Palombo
      Executive Vice President and Chief Operating Officer


A copy of the document establishing the Trust is filed with the Secretary of The
Commonwealth of Massachusetts. This Agreement is executed by officers not as
individuals and is not binding upon any of the Trustees, officers or
shareholders of the Trust individually but only upon the assets of the Fund.