497 1 corefixedsupps.txt COLUMBIA FUNDS CORE FIXED INCOME SUPPLEMENTS COLUMBIA FUNDS INSTITUTIONAL TRUST CMG Core Bond Fund CMG Mortgage and Asset-Backed Securities Fund Supplement to the Prospectus dated December 1, 2006 1. Effective December 15, 2007, the section in the prospectus entitled "Management - Management Fees and Portfolio Managers" for CMG Core Bond Fund is replaced in its entirety with the following: Alexander D. Powers is a co-manager for the Fund and has been associated with Columbia Advisors or its predecessors since July 2007. Jonathan P. Carlson is a co-manager for the Fund and has been associated with Columbia Advisors or its predecessors since June 2007. Michael Zazzarino is a co-manager for the Fund and has been associated with Columbia Advisors or its predecessors since July 2007. Brian Drainville is a co-manager for the Fund and has been associated with Columbia Advisors or its predecessors since 1996. 2. Effective December 15, 2007, the section in the prospectus entitled "Management - Management Fees and Portfolio Managers" for CMG Mortgage and Asset-Backed Securities Fund is replaced in its entirety with the following: Michael Zazzarino is a co-manager for the Fund and has been associated with Columbia Advisors or its predecessors since July 2007. Lee Reddin is a co-manager for the Fund and has been associated with Columbia Advisors or its predecessors since March, 2000. INT-47/137528-1107 November 28, 2007 COLUMBIA FUNDS SERIES TRUST I Columbia Core Bond Fund Supplement to the Prospectuses dated September 1, 2007 Effective December 15, 2007, the section of the Prospectuses captioned "Portfolio Managers" is removed and replaced in its entirety by the following disclosure: Information about the Advisor's portfolio managers that are primarily responsible for overseeing the Fund's investments is shown in the table below. The SAI provides more information about each portfolio manager's compensation, other accounts managed by each portfolio manager and each portfolio manager's ownership of securities in the Fund. ----------------------------------------------------------------- Alexander D. Powers Service with the Fund (co-manager) since December 2007 Investment management experience since 1979. Managing Director of the Advisor; associated with the Advisor or its predecessors since July 2007. ----------------------------------------------------------------- ----------------------------------------------------------------- Jonathan P. Carlson Service with the Fund (co-manager) since December 2007 Investment management experience since 1988. Portfolio manager of the Advisor; associated with the Advisor or its predecessors since 2007. ----------------------------------------------------------------- ----------------------------------------------------------------- Michael Zazzarino Service with the Fund (co-manager) since December 2007 Investment management experience since 1988. Managing Director of the Advisor; associated with the Advisor or its predecessors since July 2007. ----------------------------------------------------------------- ----------------------------------------------------------------- Brian Drainville Service with the Fund (co-manager) since November 2006 Investment management experience since 1994 Director of the Advisor; associated with the Advisor or its predecessors since 1996. ----------------------------------------------------------------- INT-47/137525-1107 November 28, 2007 COLUMBIA FUNDS SERIES TRUST Corporate Bond Portfolio Supplement to the Prospectuses dated August 1, 2007 Effective December 15, 2007, the section of the Prospectuses captioned "Portfolio Managers" is removed and replaced in its entirety by the following disclosure: Information about the Advisor's portfolio managers that are primarily responsible for overseeing the Fund's investments is shown in the table below. The SAI provides more information about each portfolio manager's compensation, other accounts managed by each portfolio manager and each portfolio manager's ownership of securities in the Fund. ----------------------------------------------------------------- Carl W. Pappo Service with the Fund (co-manager) since November 2006 Investment management experience since 1991 Portfolio manager of the Advisor; associated with the Advisor or its predecessors since January 1993. ----------------------------------------------------------------- ----------------------------------------------------------------- Brian Drainville Service with the Fund (co-manager) since November 2006 Investment management experience since 1994 Director of the Advisor; associated with the Advisor or its predecessors since 1996. ----------------------------------------------------------------- INT-47/137527-1107 November 28, 2007 COLUMBIA FUNDS SERIES TRUST I Columbia Federal Securities Fund the ("Fund") Supplement to the Prospectuses dated January 1, 2007 Effective December 15, 2007, the section of the Prospectuses captioned "Portfolio Manager" is replaced in its entirety with the following: PORTFOLIO MANAGER Jonathan P. Carlson, a portfolio manager of Columbia Advisors, is a co-manager for the Fund and has managed or co-managed the Fund since June 2007. Prior to joining Columbia Advisors in June 2007, Mr. Carlson was a portfolio manager and a partner at Merganser Capital Management since August 2004. Prior to August 2004, Mr. Carlson was a portfolio manager and mortgage-backed securities specialist at CIGNA Investment Management from August 2002 to August 2004. Prior to August 2002, Mr. Carlson was a portfolio manager at Zurich Scudder Investments from January 1998 to August 2002. Michael Zazzarino, a managing director of Columbia Advisors, is a co-manager for the Fund and has co-managed the Fund since December 2007. Mr. Zazzarino joined Columbia Advisors in July 2007. Mr. Zazzarino has been a Managing Director of U.S. Trust since March 2005. Prior to joining U.S. Trust, he was a Vice President and Portfolio Manager in the Core Fixed Income Group at Brown Brothers Harriman from December 1998 to February 2005. INT-47/137427-1107 November 28, 2007 COLUMBIA FUNDS SERIES TRUST Mortgage- and Asset-Backed Portfolio Supplement to the Prospectuses dated August 1, 2007 Effective December 15, 2007, the section of the Prospectuses captioned "Portfolio Managers" is removed and replaced in its entirety by the following disclosure: Information about the Advisor's portfolio managers that are primarily responsible for overseeing the Fund's investments is shown in the table below. The SAI provides more information about each portfolio manager's compensation, other accounts managed by each portfolio manager and each portfolio manager's ownership of securities in the Fund. ----------------------------------------------------------------- Lee Reddin Service with the Fund (co-manager) since December 2007 Investment management experience since 1992. Vice President of the Advisor; associated with the Advisor or its predecessors since March 2000. ----------------------------------------------------------------- ----------------------------------------------------------------- Michael Zazzarino Service with the Fund (co-manager) since December 2007 Investment management experience since 1988. Managing Director of the Advisor; associated with the Advisor or its predecessors since July 2007. ----------------------------------------------------------------- INT-47/137619-1107 November 28, 2007 COLUMBIA FUNDS SERIES TRUST Columbia Total Return Bond Fund Supplement to the Prospectuses dated August 1, 2007 Effective December 15, 2007, the section of the Prospectuses captioned "Portfolio Managers" is removed and replaced in its entirety by the following disclosure: Information about the Advisor's portfolio managers that are primarily responsible for overseeing the Fund's investments is shown in the table below. The SAI provides more information about each portfolio manager's compensation, other accounts managed by each portfolio manager and each portfolio manager's ownership of securities in the Fund. ----------------------------------------------------------------- Alexander D. Powers Service with the Fund (co-manager) since December 2007 Investment management experience since 1979. Managing director of the Advisor; associated with the Advisor or its predecessors since July 2007. ----------------------------------------------------------------- ----------------------------------------------------------------- Jonathan P. Carlson Service with the Fund (co-manager) since December 2007 Investment management experience since 1988. Portfolio manager of the Advisor; associated with the Advisor or its predecessors since June 2007. ----------------------------------------------------------------- ----------------------------------------------------------------- Carl W. Pappo Service with the Fund (co-manager) since November 2006 Investment management experience since 1991 Portfolio manager of the Advisor; associated with the Advisor or its predecessors since January 1993. ----------------------------------------------------------------- ----------------------------------------------------------------- Lee Reddin Service with the Fund (co-manager) since December 2007 Investment management experience since 1992. Vice President of the Advisor; associated with the Advisor or its predecessors since March 2000. ----------------------------------------------------------------- ----------------------------------------------------------------- Kevin Cronk Service with the Fund (co-manager) since November 2004 Investment management experience since 1994 Portfolio manager of the Advisor; associated with the Advisor or its predecessors since 1999. ----------------------------------------------------------------- ----------------------------------------------------------------- Thomas LaPointe Service with the Fund (co-manager) since March 2005 Investment management experience since 1994 Portfolio manager of the Advisor; associated with the Advisor or its predecessors since 1999. ----------------------------------------------------------------- ----------------------------------------------------------------- Laura Ostrander Service with the Fund (co-manager) since November 2004 Investment management experience since 1985 Portfolio manager of the Advisor; associated with the Advisor or its predecessors since 1996. ----------------------------------------------------------------- INT-47/137618-1107 November 28, 2007