497 1 aafundprosupp.txt FIXED INCOME PM SUPPS 1106 COLUMBIA FUNDS SERIES TRUST I Supplement to the Prospectuses dated February 1, 2006 Columbia Asset Allocation Fund (the "Fund") The paragraphs describing the portfolio managers for the non-investment grade bonds sleeve of the Fund under the section MANAGING THE FUND: PORTFOLIO MANAGERS are restated in their entirety to reflect the current management of that team.: Non-investment grade bonds Kevin L. Cronk, a senior vice president of Columbia Advisors, is a co-manager for the Fund and has co-managed the Fund since November, 2006. Mr. Cronk has been associated with Columbia Advisors or its predecessors since August, 1999. Thomas A. LaPointe, a senior vice president of Columbia Advisors, is a co-manager for the Fund and has co-managed the Fund since November, 2006. Mr. LaPointe has been associated with Columbia Advisors or its predecessors since February, 1999. INT-47/114958-1006 November 8, 2006 COLUMBIA FUNDS SERIES TRUST I COLUMBIA ASSET ALLOCATION FUND (the "Fund") Supplement to the Statement of Additional Information dated February 1, 2006 Effective immediately, the following information as pertains to the investment grade bonds sleeve of the Fund is revised as follows: . The following is added to the table under the heading "Other Accounts Managed by the Portfolio Managers":
Portfolio Other SEC-registered open- Other pooled investment Other accounts Manager end and closed-end funds vehicles ----------------------------------------------------------------------------------------------------------- Number of Number of Number of accounts Assets accounts Assets accounts Assets ----------------------------------------------------------------------------------------------------------- Kevin L. Cronk* 12 $8.1 billion 10** $1.1 billion 5 $424 million Thomas A. LaPointe* 12 $8.1 billion 10** $1.1 billion 5 $424 million
*Account information is provided as of September 30, 2006. **Included among these accounts are four accounts, totaling $809 million in assets that include an advisory fee based on performance. . The following is added to the table under the heading "Ownership of Securities": Dollar Range of Equity Securities Portfolio Manager in the Fund Beneficially Owned ---------------------------------------------------------------------- Kevin L. Cronk* None Thomas A. LaPointe* None *Account information is provided as of September 30, 2006. . The following is added to the table under the heading "Compensation":
Portfolio Manager Peer Group Performance Benchmark ------------------------------------------------------------------------------------------------ Kevin L. Cronk Lipper Moderate Allocation S&P 500 Index (60%) Category Lehman Brothers Aggregate Bond (40%) Thomas A. LaPointe Lipper Moderate Allocation S&P 500 Index (60%) Category Lehman Brothers Aggregate Bond (40%)
INT-50/114959-1006 November 8, 2006 COLUMBIA FUNDS SERIES TRUST I Supplement to the Statement of Additional Information Dated January 1, 2006 Columbia Balanced Fund (the "Fund") Effective immediately, the following information as it pertains to the Fund is revised as follows: . The following is added to the table under the heading "Other Accounts Managed by the Portfolio Managers":
Portfolio Manager Other SEC-registered open-end Other pooled investment Other accounts and closed-end funds vehicles ------------------------------------------------------------------------------------------------------------------------ Number of Number of Number of accounts Assets accounts Assets accounts Assets ------------------------------------------------------------------------------------------------------------------------ Leonard A. Aplet* 12 $ 3.74 billion 8 $1.62 billion 130 $7.5 billion Kevin L. Cronk* 12 $ 8.2 billion 10** $1.1 billion 5 $424 million Thomas A. LaPointe* 12 $ 8.2 billion 10** $1.1 billion 5 $424 million Ronald B. Stahl* 7 $ 1.642 million 6 $1.028 million 108 $7.5 billion
*Account information is provided as of September 30, 2006. **Included among these accounts are four accounts, totaling $809 million in assets that include an advisory fee based on performance. . The following is added to the table under the heading "Ownership of Securities": Dollar Range of Equity Securities Portfolio Manager in the Fund Beneficially Owned ----------------------------------------------------------------------------- Leonard A. Aplet* $50,001-$100,000 Kevin L. Cronk* None Thomas A. LaPointe* None Ronald B. Stahl* $1-$10,000 *Account information is provided as of September 30, 2006. . The following is added to the table under the heading "Compensation":
Portfolio Manager Peer Group Performance Benchmark ---------------------------------------------------------------------------------------------------------------- Leonard A. Aplet Lipper Moderate Allocation S&P 500 Index (60%) Category Lehman Brothers Aggregate Bond (40%) Kevin L. Cronk Lipper Moderate Allocation S&P 500 Index (60%) Category Lehman Brothers Aggregate Bond (40%) Thomas A. LaPointe Lipper Moderate Allocation S&P 500 Index (60%) Category Lehman Brothers Aggregate Bond (40%) Ronald B. Stahl Lipper Moderate Allocation S&P 500 Index (60%) Category Lehman Brothers Aggregate Bond (40%)
INT-50/114961-1006 November 8, 2006 COLUMBIA FUNDS SERIES TRUST I Supplement to the Prospectuses Dated January 1, 2006 Columbia Balanced Fund (the "Fund") The paragraphs under the heading "Portfolio Managers" are replaced in their entirety by the following paragraphs: Leonard A. Aplet, a managing director of Columbia Advisors, is a co-manager for the Fund and has co-managed the Fund since October, 1991. Mr. Aplet has been associated with Columbia Advisors or its predecessors since 1987. Kevin L. Cronk, a senior vice president of Columbia Advisors, is a co-manager for the Fund and has co-managed the Fund since November, 2006. Mr. Cronk has been associated with Columbia Advisors or its predecessors since August, 1999. Jeffrey D. Huffman, a Portfolio Manager with Columbia Advisors, is a co-manager for the Fund and has co-managed the Fund since December, 2005. Mr. Huffman has been associated with Columbia Advisors or its predecessors since April, 2000. Thomas A. LaPointe, a senior vice president of Columbia Advisors, is a co-manager for the Fund and has co-managed the Fund since November, 2006. Mr. LaPointe has been associated with Columbia Advisors or its predecessors since February, 1999. Guy W. Pope, a Senior Vice President of Columbia Advisors, is a co-manager for the Fund and has co-managed the Fund since 1997. Mr. Pope has been associated with Columbia Advisors or its predecessors since 1993. Ronald B. Stahl, a senior fixed income portfolio manager with Columbia Advisors, is a co-manager for the Fund and has co-managed the Fund since March, 2005. Mr. Stahl has been associated with Columbia Advisors or its predecessors since 1998. The Statement of Additional Information provides additional information about the managers' compensation, other accounts managed and ownership of securities in the Fund. INT-47/114870-1006 November 8, 2006 COLUMBIA FUNDS SERIES TRUST I Supplement to the Prospectus Dated January 1, 2006 (the "Prospectus") Columbia Conservative High Yield Fund (the "Fund") The paragraphs under the heading "Portfolio Managers" is replaced in its entirety by the following paragraphs: Kevin L. Cronk, a senior vice president of Columbia Advisors, is a co-manager for the Fund and has co-managed the Fund since September, 2005. Mr. Cronk has been associated with Columbia Advisors or its predecessors since August, 1999. Thomas A. LaPointe, a senior vice president of Columbia Advisors, is a co-manager for the Fund and has comanaged the Fund since September, 2005. Mr. LaPointe has been associated with Columbia Advisors or its predecessors since February, 1999. The Statement of Additional Information provides additional information about the managers' compensation, other accounts managed and ownership of securities in the Fund. INT-47/114962-1006 November 8, 2006 COLUMBIA FUNDS SERIES TRUST I Supplement to the Statement of Additional Information Dated August 1, 2006 Columbia Conservative High Yield Fund (the "Fund") Effective immediately, the following information as it pertains to the Fund is revised as follows: . The following table under the heading "Other Accounts Managed by the Portfolio Managers" is replaced and revised in its entirety:
Portfolio Other SEC-registered open- Other pooled investment Manager end and closed-end funds vehicles Other accounts -------------------------------------------------------------------------------------------------------------- Number of Number of Number of accounts Assets accounts Assets accounts Assets -------------------------------------------------------------------------------------------------------------- Kevin L. Cronk* 12 $7.4 billion 10** $1.1 billion 5 $424 million Thomas A. LaPointe* 12 $7.4 billion 10** $1.1 billion 5 $424 million
*Account information is provided as of September 30, 2006. **Included among these accounts are four accounts, totaling $809 million in assets that include an advisory fee based on performance. . The following table under the heading "Ownership of Securities" is replaced and revised in its entirety:: Dollar Range of Equity Securities Portfolio Manager in the Fund Beneficially Owned ------------------------------------------------------------------------- Kevin L. Cronk* None Thomas A. LaPointe* None *Account information is provided as of September 30, 2006. . The following is added to the table under the heading "Compensation":
Portfolio Manager Peer Group Performance Benchmark --------------------------------------------------------------------------------------------------- Kevin L. Cronk Lipper High Current Yield Category JP Morgan Developed BB High Yield Index Thomas A. LaPointe Lipper High Current Yield Category JP Morgan Developed BB High Yield Index
INT-50/114871-1006 November 8, 2006 COLUMBIA FUNDS SERIES TRUST I Supplement to the Prospectuses Dated September 1, 2006 Columbia Core Bond Fund (the "Fund") The paragraphs under the heading "Portfolio Manager" are replaced in their entirety by the following paragraphs: Leonard A. Aplet, a Managing Director of Columbia Advisors, is a co-manager for the Fund and has co-managed the fund since November, 2006. Mr. Aplet has been associated with Columbia Advisors or its predecessors since 1987. Brian Drainville, a Vice President of Columbia Advisors, is a co-manager for the Fund and has co-managed the Fund since November, 2006. Mr. Drainville has been associated with Columbia Advisors or its predecessors since 1996. Driscoll M. DoCanto, a Vice President of Columbia Advisors, is a co-manager for the Fund and has co-managed the Fund since November, 2006. Mr. DoCanto has been associated with Columbia Advisors or its predecessors since June, 2003. Prior to June, 2003, Mr. DoCanto was employed by JP Morgan Asset Management. The Statement of Additional Information provides additional information about the managers' compensation, other accounts managed and ownership of securities in the Fund. INT-47/115049-1006 November 8, 2006 COLUMBIA FUNDS SERIES TRUST I Supplement to the Statement of Additional Information Dated September 1, 2006 Columbia Core Bond Fund (the "Fund") Effective immediately, the following information as it pertains to the Fund is revised adding information relating to Mr. Leonard Aplet, Mr. Brian Drainville and Mr. Driscoll DoCanto as co-managers of that Fund: . The following is added to the table under the heading "Other Accounts Managed by the Portfolio Managers":
Other SEC-registered open-end Other pooled investment Portfolio Manager and closed-end funds vehicles Other accounts ------------------------------------------------------------------------------------------------------------------------ Number of Number of Number of accounts Assets accounts Assets accounts Assets ------------------------------------------------------------------------------------------------------------------------ Leonard Aplet 12 $3.74 billion 8 $1.62 billion 130 $7.5 billion Brian Drainville 2 $658 million 12 $3 billion 64 $5.236 billion Driscoll DoCanto 0 $0 12 $3 billion 64 $5.236 billion
Account information is provided as of September 30, 2006. . The following is added to the table under the heading "Ownership of Securities": Dollar Range of Equity Securities Portfolio Manager in the Fund Beneficially Owned ----------------------------------------------------------------------------- Leonard Aplet Over $1,000,000 Brian Drainville NONE Driscoll DoCanto NONE Account information is provided as of September 30, 2006. . The following is added to the table under the heading "Compensation":
Portfolio Manager Peer Group Performance Benchmark ---------------------------------------------------------------------------------------------------------------- Leonard Aplet Lipper Corporate Debt Funds A Rated Category Lehman Aggregate Bond Index Brian Drainville Lipper Corporate Debt Funds A Rated Category Lehman Aggregate Bond Index Driscoll DoCanto Lipper Corporate Debt Funds A Rated Category Lehman Aggregate Bond Index
INT-50/115050-1006 November 8, 2006 COLUMBIA FUNDS SERIES TRUST I Supplement to the Prospectus Dated August 1, 2006 (the "Prospectus") Columbia Income Fund (the "Fund") The paragraphs under the heading "Portfolio Manager" are replaced in their entirety by the following paragraphs: Kevin L. Cronk, a vice president of Columbia Advisors, is a co-manager for the Fund and has co-managed the Fund since March, 2003. Mr. Cronk has been associated with Columbia Advisors or its predecessors since August, 1999. Thomas A. LaPointe, a vice president of Columbia Advisors, is a co-manager for the Fund and has co-managed the Fund since March, 2003. Mr. LaPointe has been associated with Columbia Advisors or its predecessors since February, 1999. Carl W. Pappo, a senior vice president of Columbia Advisors, is a co-manager for the Fund and has co-managed the Fund since March, 2005. Mr. Pappo has been associated with Columbia Advisors or its predecessors since January, 1993. The Statement of Additional Information provides additional information about the managers' compensation, other accounts managed and ownership of securities in the Fund. INT-47/114963-1006 November 8, 2006 COLUMBIA FUNDS SERIES TRUST I Supplement to the Statement of Additional Information Dated August 1, 2006 Columbia Income Fund (the "Fund") Effective immediately, the following information as it pertains to the Fund is revised in its entirety: . The following table under the heading "Other Accounts Managed by the Portfolio Managers" is revised and replaced in its entirety:
Portfolio Other SEC-registered open- Other pooled investment Manager end and closed-end funds vehicles Other accounts ------------------------------------------------------------------------------------------------------------- Number of Number of Number of accounts Assets accounts Assets accounts Assets ------------------------------------------------------------------------------------------------------------- Kevin Cronk 12 $7.88 billion 10* $1.1 billion* 5 $420 million Thomas A. LaPointe 12 $7.88 billion 10* $1.1 billion* 5 $420 million Carl W. Pappo 1 $1.2 billion 2 $1.2 billion 68 $2.1 billion
*Included among these accounts are four accounts, totaling $843 million in assets, that include an advisory fee based on performance. . The following table under the heading "Ownership of Securities" is revised and replaced in its entirety: Dollar Range of Equity Securities Portfolio Manager in the Fund Beneficially Owned -------------------------------------------------------------------- Kevin Cronk None Thomas A. LaPointe None Carl W. Pappo None . The following table under the heading "Compensation" is revised and replaced in its entirety:
Portfolio Manager Peer Group Performance Benchmark --------------------------------------------------------------------------------------------------- Kevin Cronk Lipper Corporate Debt Funds BBB Rated Category Lehman Brothers Intermediate Government/Credit Index Thomas A. LaPointe Lipper Corporate Debt Funds BBB Rated Category Lehman Brothers Intermediate Government/Credit Index Carl W. Pappo Lipper Corporate Debt Funds BBB Rated Category Lehman Brothers Intermediate Government/Credit Index
INT-50/114872-1006 November 8, 2006 COLUMBIA FUNDS SERIES TRUST I Supplement to the Prospectus Dated August 1, 2006 (the "Prospectus") Columbia Intermediate Bond Fund (the "Fund") The paragraphs under the heading "Portfolio Manager" is replaced in its entirety by the following paragraphs: Kevin L. Cronk, a vice president of Columbia Advisors, is a co-manger of the Fund and has co-managed the Fund since November, 2006. Mr. Cronk has been associated with Columbia Advisors or its predecessors since August, 1999. Carl W. Pappo, a senior vice president of Columbia Advisors, is the lead manager for the Fund and has co-managed the Fund since March, 2005. Mr. Pappo has been associated with Columbia Advisors or its predecessors since January, 1993. Ann T. Peterson, a senior vice president of Columbia Advisors, is a co-manager for the Fund and has managed or co-managed the Fund since March, 2005. Since 1993, she has served as a manager or co-manager of various other taxable income funds for Columbia Advisors or its predecessors. Thomas A. LaPointe, a senior vice president of Columbia Advisors, is a co-manager for the Fund and has co-managed the Fund since March, 2003. Mr. LaPointe has been associated with Columbia Advisors or its predecessors since February, 1999. The Statement of Additional Information provides additional information about the managers' compensation, other accounts managed and ownership of securities in the Fund. INT-47/115051-1006 November 8, 2006 COLUMBIA FUNDS SERIES TRUST I Supplement to the Statement of Additional Information Dated August 1, 2006 Columbia Intermediate Bond Fund (the "Fund") Effective immediately, the following information as it pertains to the Fund is revised as follows: . The following table under the heading "Other Accounts Managed by the Portfolio Managers" is revised and replaced in its entirety:
Other SEC-registered open-end Other pooled investment Portfolio Manager and closed-end funds vehicles Other accounts ---------------------------------------------------------------------------------------------------------------------- Number of Number of Number of accounts Assets accounts Assets accounts Assets ---------------------------------------------------------------------------------------------------------------------- Kevin Cronk* 12 $6.5 billion 10** $1.1 billion 5 $ 424 million Thomas A. LaPointe 12 $6.64 billion 10*** $1.1 billion 6 $ 420 million Carl W. Pappo 1 $650 million 2 $1.2 billion 68 $ 2.1 billion Ann T. Petersen 2 $1.1 billion 0 N/A 3 $600,000
*Account information is provided as of September 30, 2006. ** Included among these accounts are four accounts, totaling $809 million in assets that include an advisory fee based on performance. *** Included among these accounts are four accounts, totaling $843 million in assets that include an advisory fee based on performance. . The following table under the heading "Ownership of Securities" is revised and replaced in its entirety: Dollar Range of Equity Securities Portfolio Manager in the Fund Beneficially Owned ------------------------------------------------------------------------- Kevin Cronk* None Thomas A. LaPointe None Carl W. Pappo None Ann T. Petersen None *Account information is provided as of September 30, 2006. . The following table under the heading "Compensation" is revised and replaced in its entirety:
---------------------------------------------------------------------------------------------------------------- Portfolio Manager Peer Group Performance Benchmark ---------------------------------------------------------------------------------------------------------------- Kevin Cronk Lipper Intermediate Investment Grade Debt Lehman Aggregate Bond Index Category Thomas A. LaPointe Lipper Intermediate Investment Grade Debt Lehman Aggregate Bond Index Category Carl W. Pappo Lipper Intermediate Investment Grade Debt Lehman Aggregate Bond Index Category Ann T. Petersen Lipper Intermediate Investment Grade Debt Lehman Aggregate Bond Index Category
INT-50/114964-1006 November 8, 2006