-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, SPvJtDwCcAFejH7yhsWcBaB7kaloB+T/oCZ04j38vSCYBDBLbSEJtkEr0SaBkLJ5 HNDqlpRRb1OHDVy//ZoT/w== 0000773757-07-000029.txt : 20070227 0000773757-07-000029.hdr.sgml : 20070227 20070227145104 ACCESSION NUMBER: 0000773757-07-000029 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20070227 DATE AS OF CHANGE: 20070227 EFFECTIVENESS DATE: 20070227 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COLUMBIA FUNDS SERIES TRUST I CENTRAL INDEX KEY: 0000773757 IRS NUMBER: 363376651 STATE OF INCORPORATION: MA FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-99356 FILM NUMBER: 07652858 BUSINESS ADDRESS: STREET 1: ONE FINANCIAL CENTER CITY: BOSTON STATE: MA ZIP: 02111 BUSINESS PHONE: 8003382550 MAIL ADDRESS: STREET 1: ONE FINANCIAL CENTER CITY: BOSTON STATE: MA ZIP: 02111 FORMER COMPANY: FORMER CONFORMED NAME: COLUMBIA FUNDS TRUST IX DATE OF NAME CHANGE: 20031107 FORMER COMPANY: FORMER CONFORMED NAME: LIBERTY STEIN ROE FUNDS MUNICIPAL TRUST DATE OF NAME CHANGE: 19991025 FORMER COMPANY: FORMER CONFORMED NAME: STEINROE MUNICIPAL TRUST DATE OF NAME CHANGE: 19920703

0000773757 S000010615 Columbia High Yield Municipal Fund

C000029350 Class A

C000029351 Class B

C000029352 Class C

C000029353 Class Z

0000773757 S000010617 Columbia Strategic Income Fund

C000029358 Class A

C000029359 Class B

C000029360 Class C

C000029361 Class J

C000029362 Class Z

0000773757 S000010619 Columbia Federal Securities Fund

C000029369 Class A

C000029370 Class B

C000029371 Class C

C000029372 Class Z

0000773757 S000010620 Columbia Tax-Exempt Fund

C000029373 Class A

C000029374 Class B

C000029375 Class C

C000029376 Class Z

0000773757 S000010622 Columbia International Stock Fund

C000029381 Class A

C000029382 Class B

C000029383 Class C

C000029384 Class D

C000029385 Class G

C000029386 Class Z

0000773757 S000012068 Columbia Balanced Fund

C000032838 Class A

C000032839 Class B

C000032840 Class C

C000032841 Class D

C000032842 Class Z

0000773757 S000012069 Columbia Greater China Fund

C000032843 Class A

C000032844 Class B

C000032845 Class C

C000032846 Class Z

0000773757 S000012070 Columbia Mid Cap Growth Fund

C000032847 Class A

C000032848 Class B

C000032849 Class C

C000032850 Class D

C000032851 Class G

C000032852 Class R

C000032853 Class T

C000032854 Class Z

0000773757 S000012071 Columbia Oregon Intermediate Municipal Bond Fund

C000032858 Class A

C000032859 Class B

C000032860 Class C

C000032861 Class D

C000032862 Class Z

0000773757 S000012072 Columbia Real Estate Equity Fund

C000032863 Class A

C000032864 Class B

C000032865 Class C

C000032866 Class D

C000032867 Class Z

0000773757 S000012073 Columbia Small Cap Growth Fund I

C000032868 Class A

C000032869 Class B

C000032870 Class C

C000032871 Class Z

0000773757 S000012074 Columbia Strategic Investor Fund

C000032872 Class A

C000032873 Class B

C000032874 Class C

C000032875 Class D

C000032876 Class Z

0000773757 S000012075 Columbia Technology Fund

C000032877 Class A

C000032878 Class B

C000032879 Class C

C000032880 Class D

C000032881 Class Z

0000773757 S000012096 Columbia Income Fund

C000032979 Class A

C000032980 Class B

C000032981 Class C

C000032982 Class Z

0000773757 S000012097 Columbia Intermediate Bond Fund

C000032983 Class A

C000032984 Class B

C000032985 Class C

C000032986 Class R

C000032987 Class Z

0000773757 S000012098 Columbia U.S. Treasury Index Fund

C000032988 Class A

C000032989 Class B

C000032990 Class C

C000032991 Class Z

0000773757 S000012099 Columbia World Equity Fund

C000032992 Class A

C000032993 Class B

C000032994 Class C

0000773757 S000012100 Columbia Core Bond Fund

C000032995 Class A

C000032996 Class B

C000032997 Class C

C000032998 Class G

C000032999 Class T

C000033000 Class Z

0000773757 S000012101 Columbia High Yield Opportunity Fund

C000033001 Class A

C000033002 Class B

C000033003 Class C

C000033004 Class Z

0000773757 S000012102 Columbia Small Cap Value Fund I

C000033005 Class A

C000033006 Class B

C000033007 Class C

C000033008 Class Z

0000773757 S000012126 Columbia Conservative High Yield Fund

C000033072 Class A

C000033073 Class B

C000033074 Class C

C000033075 Class D

C000033076 Class Z

497 1 cfstipro.txt PORTFOLIO HOLDINGS DISCLOSURE SUPPLEMENTS Columbia Funds Series Trust I

Each prospectus is revised to add the below section entitled "PORTFOLIO HOLDINGS DISCLOSURE" as applicable to a Fund immediately following the section entitled "PRINCIPAL INVESTMENT RISKS." 1. For All Funds: PORTFOLIO HOLDINGS DISCLOSURE A description of the Fund's policies and procedures with respect to the disclosure of Fund portfolio securities is available in the Fund's Statement of Additional Information. The Fund discloses its portfolio holdings on the Fund's website, www.columbiafunds.com, as described below. Once posted, the portfolio holdings information will remain available on such website until at least the date on which the Fund files a Form N-CSR or Form N-Q for the period that includes the date as of which the information is current. 2. For Columbia Greater China Fund, Columbia International Stock Fund, Columbia Mid Cap Growth Fund, Columbia Real Estate Equity Fund, Columbia Small Cap Growth Fund I, Columbia Strategic Investor Fund, Columbia Technology Fund, Columbia World Equity Fund and Columbia Small Cap Value Fund I: The Fund's complete portfolio holdings as of a month-end are disclosed approximately 30 calendar days after such month-end. The Fund's largest 15 holdings as a percent of the Fund's portfolio as of a month-end are disclosed approximately 15 calendar days after such month-end. 3. For Columbia Balanced Fund: The Fund's complete portfolio holdings as of a month-end are disclosed approximately 30 calendar days after such month-end. The Fund's largest 5 equity holdings as a percent of the Fund's portfolio as of a month-end are disclosed approximately 15 calendar days after such month-end. 4. For Columbia Income Fund, Columbia Conservative High Yield Fund, Columbia Intermediate Bond Fund, Columbia Federal Securities Fund, Columbia U.S. Treasury Index Fund, Columbia Oregon Intermediate Municipal Bond Fund, Columbia High Yield Opportunity Fund, Columbia Strategic Income Fund, Columbia High Yield Municipal Fund and Columbia Core Bond Fund: The Fund's complete portfolio holdings as of a fiscal quarter-end are disclosed approximately 60 calendar days after such quarter-end. 5. For Columbia Income Fund, Columbia Intermediate Bond Fund, Columbia Federal Securities Fund, Columbia U.S. Treasury Index Fund, Columbia Oregon Intermediate Municipal Bond Fund, Columbia Strategic Income Fund, Columbia High Yield Municipal Fund and Columbia Core Bond Fund: The Fund's largest 15 holdings as a percent of the Fund's portfolio as of a month-end are disclosed approximately 15 calendar days after such month-end. 6. For Columbia Conservative High Yield Fund and Columbia High Yield Opportunity Fund: The Fund's largest 15 issuers as a percent of the Fund's portfolio as of a month-end are disclosed approximately 15 calendar days after such month-end. For each prospectus, the third paragraph of the back cover is deleted in its entirety. INT-47/116516-0107 February 27, 2007 Columbia Funds Series Trust I Columbia Tax-Exempt Fund Supplement to the Prospectuses dated March 27, 2006 1. Each prospectus is revised to add the below section entitled "Portfolio Holdings Disclosure" immediately following the section entitled "Principal Investment Risks." PORTFOLIO HOLDINGS DISCLOSURE A description of the Fund's policies and procedures with respect to the disclosure of Fund portfolio securities is available in the Fund's Statement of Additional Information. The Fund discloses its complete portfolio holdings as of a fiscal quarter-end approximately 60 calendar days after such quarter-end. The Fund also discloses its largest 15 holdings as a percent of the Fund's portfolio as of a month-end approximately 15 calendar days after such month-end. Such holdings are disclosed on the Fund's website, www.columbiafunds.com. Once posted, the portfolio holdings information will remain available on such website until at least the date on which the Fund files a Form N-CSR or Form N-Q for the period that includes the date as of which the information is current. 2. For each prospectus, the third paragraph of the back cover is deleted in its entirety. INT-47/128107-0207 February 27, 2007 Columbia Funds Series Trust I

For all Statements of Additional Information, the section captioned "Disclosure of Portfolio Information" is removed and replaced in its entirety with the following disclosure: Disclosure of Fund Information The Board has adopted policies and procedures with respect to the disclosure of the Funds' portfolio holdings by the Funds, CMA and their affiliates. These policies and procedures are designed to ensure that disclosure of information regarding the Funds' portfolio securities is in the best interest of Fund shareholders and to address conflicts between the interests of a Fund's shareholders, on the one hand, and those of CMA, CMD or any affiliated person of a Fund, on the other. These policies and procedures provide that Fund portfolio holdings information generally may not be disclosed to any party prior to: (1) the business day next following the posting of such information on the Funds' website, if applicable, or (2) the time a Fund discloses the information in a publicly available SEC filing required to include such information. Certain limited exceptions that have been approved consistent with the policies and procedures are described below. The Board will be updated as needed regarding compliance with these policies and procedures. The policies and procedures prohibit CMA and the Funds' other service providers from entering into any agreement to disclose Fund portfolio holdings information in exchange for any form of consideration. These policies and procedures apply to all categories of funds and include variations tailored to the different categories of funds. Under this tailored approach, some of the provisions described here do not apply to Funds covered by this SAI. CMA has also adopted policies and procedures to monitor for compliance with these portfolio holdings disclosure policies and procedures. Public Disclosures The Funds' portfolio holdings are currently disclosed to the public through required filings with the SEC and on the Funds' website. This information is available on the Funds' website as described below. |X| For equity, convertible, balanced and asset allocation Funds, a complete list of portfolio holdings as of a month-end is posted approximately 30 calendar days after such month-end. |X| For fixed income Funds, a complete list of portfolio holdings as of a fiscal quarter-end is posted approximately 60 calendar days after such quarter-end. |X| For money market Funds, a complete list of portfolio holdings as of a month-end is posted approximately the fifth business day after such month-end. Certain Funds shall also disclose their largest holdings, as a percent of the Funds' portfolios, as of month-end on their website generally within 15 calendar days after such month-end; with the equity Funds posting their largest 10-15 holdings, the balanced Funds posting their largest 5 equity holdings, and certain fixed income Funds posting their top 5-15 holdings. The scope of the information provided pursuant to the Funds' policies relating to each Fund's portfolio that is made available on the website may change from time to time without prior notice. The Funds file their portfolio holdings with the SEC for each fiscal quarter on Form N-CSR (with respect to each annual period and semi-annual period) and Form N-Q (with respect to the first and third quarters of each Fund's fiscal year). Shareholders may obtain the Funds' Form N-CSR and N-Q filings on the SEC's website at www.sec.gov, a link to which is provided on the Columbia Funds' website. In addition, the Funds' Form N-CSR and N-Q filings may be reviewed and copied at the SEC's public reference room in Washington, D.C. You may call the SEC at 1-800-SEC-0330 for information about the SEC's website or the operation of the public reference room. With respect to the variable insurance trusts, holdings information is disclosed no earlier than the time such information is filed in a publicly available SEC filing required to include such information. The Funds, CMA and their affiliates may include portfolio holdings information that has already been made public through a web posting or SEC filing in marketing literature and other communications to shareholders, advisers or other parties, provided that the information is disclosed no earlier than the business day after the date the information is disclosed publicly on the Funds' website or no earlier than the time the Funds file such information in a publicly available SEC filing required to include such information. Other Disclosures The Funds' policies and procedures provide that no disclosures of the Funds' portfolio holdings may be made prior to the holdings information being made public unless (1) the Funds have a legitimate business purpose for making such disclosure, (2) the Funds' chief executive officer authorizes such non-public disclosure of information, and (3) the party receiving the non-public information enters into an appropriate confidentiality agreement or is otherwise subject to a confidentiality obligation. In determining the existence of a legitimate business purpose, the following factors, and any additional relevant factors, are considered: (1) that any prior disclosure must be consistent with the anti-fraud provisions of the federal securities laws and the fiduciary duties of CMA; (2) any conflicts of interest between the interests of Fund shareholders, on the one hand, and those of CMA, CMD or any affiliated person of a Fund, on the other; and (3) that prior disclosure to a third party, although subject to a confidentiality agreement, would not make lawful conduct that is otherwise unlawful. In addition, the Funds periodically disclose their portfolio information on a confidential basis to various service providers that require such information in order to assist the Funds with their day-to-day business affairs. In addition to CMA and its affiliates, these service providers include the Funds' sub-advisers, the Funds' independent registered public accounting firm, legal counsel, financial printers, the Funds' proxy solicitor, the Funds' proxy voting service provider, and rating agencies that maintain ratings on certain Columbia Funds. These service providers are required to keep such information confidential, and are prohibited from trading based on the information or otherwise using the information except as necessary in providing services to the Funds. The Funds may also disclose portfolio holdings information to broker/dealers and certain other entities in connection with potential transactions and management of the Funds, provided that reasonable precautions, including limitations on the scope of the portfolio holdings information disclosed, are taken to avoid any potential misuse of the disclosed information. The Funds currently have ongoing arrangements with certain approved recipients to disclose portfolio holdings information prior to such information being made public. Portfolio holdings information disclosed to such recipients is current as of the time of its disclosure and is disclosed to each recipient solely for purposes consistent with the services described below and has been authorized by the Funds' chief executive officer. These special arrangements are the following:

INT-50/116618-0107 February 27, 2007 -----END PRIVACY-ENHANCED MESSAGE-----