COLUMBIA FUNDS SERIES TRUST I

                Columbia Oregon Intermediate Municipal Bond Fund

     Supplement to the Prospectuses and Statement of Additional Information,
                           each dated January 1, 2008


Columbia Oregon Intermediate Municipal Bond Fund currently operates as a
"diversified" fund for purposes of the Investment Company Act of 1940, as
amended.  Accordingly, the Fund's prospectuses and statement of additional
information are revised and supplemented as follows:

1)       The fifth paragraph under the section entitled "Principal Investment
         Strategies" and the reference to "Non-diversified mutual fund risk" in
         the accompanying "FUNDimensions" information table in the prospectuses
         are deleted in their entirety.

2)       The "Non-Diversified Mutual Fund Risk" bullet in the section entitled
         "Principal Risks", and any additional references to non-diversified
         mutual fund risk, in the prospectuses are deleted in their entirety.

3)       The third paragraph under the section entitled "About the Trust" in the
         statement of additional information is revised and replaced in its
         entirety with the following:

           Each of the Funds represents a separate series of the Trust and is an
           open-end management investment company. Each of the Columbia
           Conservative High Yield Fund, Columbia Federal Securities Fund and
           Columbia Balanced Fund is a diversified series of the Trust. Columbia
           Oregon Intermediate Municipal Bond Fund is operating as a diversified
           series of the Trust. Each of the Funds has a fiscal year end of
           August 31st.







INT-47/153727-0508                                                 May 12, 2008