497 1 clzsup.txt CLASS Z SUPP COLUMBIA FUNDS TRUST I COLUMBIA FUNDS TRUST VI Columbia High Yield Opportunity Fund Columbia Growth & Income Fund Columbia Strategic Income Fund Columbia Small Cap Value Fund Columbia Tax-Managed Growth Fund Columbia Tax-Managed Growth Fund II COLUMBIA FUNDS TRUST VII Columbia Tax-Managed Value Fund Columbia Newport Tiger Fund COLUMBIA FUNDS TRUST II COLUMBIA FUNDS TRUST VIII Columbia Newport Greater China Fund Columbia Income Fund Columbia Money Market Fund Columbia Intermediate Bond Fund COLUMBIA FUNDS TRUST III COLUMBIA FUNDS TRUST IX Columbia Mid Cap Value Fund Columbia High Yield Municipal Fund Columbia Liberty Fund Columbia Managed Municipals Fund Columbia Intermediate Government Income Fund Columbia Quality Plus Bond Fund COLUMBIA FUNDS TRUST XI Columbia Corporate Bond Fund Columbia Young Investors Fund Columbia Federal Securities Fund Columbia Growth Stock Fund Columbia Asset Allocation Fund COLUMBIA FUNDS TRUST IV Columbia Dividend Income Fund Columbia Utilities Fund Columbia Large Cap Core Fund Columbia Municipal Money Market Fund Columbia Large Cap Growth Fund Columbia Disciplined Value Fund COLUMBIA FUNDS TRUST V Columbia Small Company Equity Fund Columbia Large Company Index Fund Columbia U.S. Treasury Index Fund Columbia Small Company Index Fund Columbia Intermediate Tax-Exempt Bond Fund Columbia Massachusetts Intermediate Municipal Bond Fund Columbia Connecticut Intermediate Municipal Bond Fund Columbia New Jersey Intermediate Municipal Bond Fund Columbia New York Intermediate Municipal Bond Fund Columbia Rhode Island Intermediate Municipal Bond Fund Columbia Florida Intermediate Municipal Bond Fund Columbia Pennsylvania Intermediate Municipal Bond Fund
The Funds listed above are referred to collectively as the "Funds" and the Trusts listed above are referred to collectively as "Trusts." Supplement to each Fund's Current Class Z Prospectus The disclosure under the section entitled "ELIGIBLE INVESTORS" is revised in its entirety as follows: ELIGIBLE INVESTORS ------------------------------------------------------------------------------- Only Eligible Investors may purchase Class Z shares of the Funds, directly or by exchange. Class Z shares of the Funds generally are available only to certain "grandfathered" shareholders and to investors holding accounts with intermediaries that assess account level fees for the services they provide. Please read the following section for a more detailed description of the eligibility requirements. The Eligible Investors described below are subject to different minimum initial investment requirements. Important Things to Consider When Deciding on a Class of Shares: Broker-dealers, investment advisers or financial planners selling mutual fund shares may offer their clients more than one class of shares in a Fund with different pricing options. This allows you and your financial adviser to choose among different types of sales charges and different levels of ongoing operating expenses, depending on the investment programs your financial adviser offers. Investors should consider carefully any separate transactions and other fees charged by these programs in connection with investing in any available share class before selecting a share class. Eligibility for certain waivers, exemptions or share classes by new or existing investors may not be readily available or accessible through all intermediaries or all types of accounts offered by an intermediary. Accessibility of these waivers through a particular intermediary may also change at any time. If you believe you are eligible to purchase shares under a specific exemption, but are not permitted by your intermediary to do so, please contact your intermediary. You may be asked to provide information, including account statements and other records, regarding your eligibility. Eligible Investors and their applicable investment minimums are as follows: No minimum initial investment o Any client of Bank of America Corporation or a subsidiary purchasing shares through an asset management company, trust, retirement plan administration or similar arrangement with Bank of America Corporation or the subsidiary; o Any group retirement plan, including defined benefit and defined contribution plans such as 401(k), 403(b), and 457(b) plans (but excluding individual retirement accounts (IRAs)), for which an intermediary or other entity provides services and is not compensated by the Funds for those services, other than payments for shareholder servicing or sub-accounting performed in place of the Fund's transfer agent; o Any investor purchasing through a Columbia Management Group state tuition plan organized under Section 529 of the Internal Revenue Code; or o Any person investing all or part of the proceeds of a distribution, rollover or transfer of assets into a Columbia Management Individual Retirement Account, from any deferred compensation plan which was a shareholder of any of the funds of Columbia Acorn Trust (formerly named Liberty Acorn Trust) on September 29, 2000, in which the investor was a participant and through which the investor invested in one or more of the funds of Columbia Acorn Trust immediately prior to the distribution, transfer or rollover. $1,000 minimum initial investment o Any shareholder (as well as any family member of a shareholder or person listed on an account registration for any account of the shareholder) of a fund distributed by Columbia Funds Distributor, Inc. (i) who holds Class Z shares; (ii) who holds Class A shares that were obtained by exchange of Class Z shares; or (iii) who purchased certain no-load shares of a fund merged with a fund distributed by Columbia Funds Distributor, Inc.; o Any trustee or director (or family member of a trustee or director) of any fund distributed by Columbia Funds Distributor, Inc.; o Any employee (or family member of an employee) of Bank of America Corporation or a subsidiary; o Any investor participating in an account offered by an intermediary or other entity that provides services to such an account, is paid an asset-based fee by the investor and is not compensated by the Funds for those services, other than payments for shareholder servicing or sub-accounting performed in place of the Fund's transfer agent (each investor purchasing through an intermediary must independently satisfy the $1,000 minimum investment requirement); or o Any insurance company, trust company, bank, endowment, investment company or foundation purchasing shares for its own account. The Funds reserve the right to change the criteria for eligible investors and the investment minimums. No minimum investment applies to accounts participating in the automatic investment plan; however, each investment requires a $50 minimum purchase. The Funds also reserve the right to refuse a purchase order for any reason, including if it believes that doing so would be in the best interest of the Fund and its shareholders. SUP-47/85363-0405 April 29, 2005