-----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, SKOdg64VS+PeFe4l7IuA5SPiH9YedO8cYdF1/EUqTwcJb7BRs+xZcXnwUdG+6qm/ nV7Z/yrRDJTfCWSkn0L2Jg== 0000773757-11-000003.txt : 20110125 0000773757-11-000003.hdr.sgml : 20110125 20110125150656 ACCESSION NUMBER: 0000773757-11-000003 CONFORMED SUBMISSION TYPE: NSAR-B PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20101130 FILED AS OF DATE: 20110125 DATE AS OF CHANGE: 20110125 EFFECTIVENESS DATE: 20110125 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: NSAR-B SEC ACT: 1940 Act SEC FILE NUMBER: 811-04367 FILM NUMBER: 11546367 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 S000010620 Columbia Tax-Exempt Fund C000029373 Class A COLTX C000029374 Class B CTEBX C000029375 Class C COLCX C000029376 Class Z CTEZX NSAR-B 1 cfstiannualanswer.fil ANSWER FILE PAGE 1 000 B000000 11/30/2010 000 C000000 0000773757 000 D000000 N 000 E000000 NF 000 F000000 Y 000 G000000 N 000 H000000 N 000 I000000 6.1 000 J000000 A 001 A000000 COLUMBIA FUNDS SERIES TRUST I 001 B000000 811-04367 001 C000000 6175854125 002 A000000 ONE FINANCIAL CENTER 002 B000000 BOSTON 002 C000000 MA 002 D010000 02111 003 000000 N 004 000000 N 005 000000 N 006 000000 N 007 A000000 Y 007 B000000 52 007 C010600 6 007 C020600 Columbia Tax-Exempt Fund 007 C030600 N 008 A00AA01 COLUMBIA MANAGEMENT INVESTMENT ADVISERS, LLC 008 B00AA01 A 008 C00AA01 801-25943 008 D01AA01 BOSTON 008 D02AA01 MA 008 D03AA01 02110 010 A00AA01 COLUMBIA MANAGEMENT INVESTMENT ADVISERS, LLC 010 B00AA01 801-25943 010 C01AA01 BOSTON 010 C02AA01 MA 010 C03AA01 02110 011 A00AA01 COLUMBIA MANAGEMENT INVESTMENT DISTRIBUTORS 011 B00AA01 8-25845 011 C01AA01 BOSTON 011 C02AA01 MA 011 C03AA01 02111 012 A00AA01 COLUMBIA MANAGEMENT INVESTMENT SERVICES CORP. 012 B00AA01 84-05685 012 C01AA01 BOSTON 012 C02AA01 MA 012 C03AA01 02266 012 C04AA01 8081 013 A00AA01 PRICEWATERHOUSECOOPERS LLP 013 B01AA01 BOSTON 013 B02AA01 MA 013 B03AA01 02110 PAGE 2 014 A00AA01 AMERICAN ENTERPRISE INVESTMENT SERVICES, INC. 014 B00AA01 8-42582 014 A00AA02 SECURITIES AMERICA, INC. 014 B00AA02 8-26602 014 A00AA03 AMERIPRISE FINANCIAL SERVICES, INC. 014 B00AA03 8-16791 014 A00AA04 RIVERSOURCE DISTRIBUTORS, INC. 014 B00AA04 8-67196 014 A00AA05 COLUMBIA MANAGEMENT INVESTMENT DISTRIBUTORS 014 B00AA05 8-25845 015 A00AA01 HSBC BANK MIDDLE EAST 015 B00AA01 S 015 C01AA01 MANAMA 015 D01AA01 BAHRAIN 015 E04AA01 X 015 A00AA02 STANDARD CHARTERED BANK 015 B00AA02 S 015 C01AA02 DHAKA 015 D01AA02 BANGLADESH 015 E04AA02 X 015 A00AA03 SOCIETE GENERALE DE BANQUES EN COTE DIVOIRE 015 B00AA03 S 015 C01AA03 ABIDJAN, IVORY COAST 015 D01AA03 BENIN 015 E04AA03 X 015 A00AA04 BANK OF BERMUDA LIMITED 015 B00AA04 S 015 C01AA04 HAMILTON 015 D01AA04 BERMUDA 015 E04AA04 X 015 A00AA05 BARCLAYS BANK OF BOTSWANA LIMITED 015 B00AA05 S 015 C01AA05 GABORONE 015 D01AA05 BOTSWANA 015 E04AA05 X 015 A00AA06 CITIBANK, N.A. 015 B00AA06 S 015 C01AA06 SAO PAULO 015 D01AA06 BRAZIL 015 E04AA06 X 015 A00AA07 ING BANK N.V. 015 B00AA07 S 015 C01AA07 SOFIA 015 D01AA07 BULGARIA 015 E04AA07 X 015 A00AA08 SOCIETE GENERALE DE BANQUES EN COTE DIVOIRE 015 B00AA08 S 015 C01AA08 ABIDJAN, IVORY COAST 015 D01AA08 BURKINA FASO 015 E04AA08 X 015 A00AA09 STATE STREET TRUST COMPANY CANADA PAGE 3 015 B00AA09 S 015 C01AA09 TORONTO 015 D01AA09 CANADA 015 E04AA09 X 015 A00AA10 HONGKONG AND SHANGHAI BANKING CORP LIMITED 015 B00AA10 S 015 C01AA10 SHANGHAI 015 D01AA10 CHINA 015 E04AA10 X 015 A00AA11 CITITRUST COLOMBIA S.A. SOCIEDAD FIDUCIARIA 015 B00AA11 S 015 C01AA11 BOGOTA 015 D01AA11 COLOMBIA 015 E04AA11 X 015 A00AA12 BANCO BCT S.A. 015 B00AA12 S 015 C01AA12 SAN JOSE 015 D01AA12 COSTA RICA 015 E04AA12 X 015 A00AA13 PRIVREDNA BANKA ZAGREB D.D. 015 B00AA13 S 015 C01AA13 ZAGREB 015 D01AA13 CROATIA 015 E04AA13 X 015 A00AA14 CESKOSLOVENSKA OBCHODNI BANKA A.S. 015 B00AA14 S 015 C01AA14 PRAGUE 015 D01AA14 CZECH REPUBLIC 015 E04AA14 X 015 A00AA15 HSBC BANK EGYPT S.A.E. 015 B00AA15 S 015 C01AA15 CAIRO 015 D01AA15 EGYPT 015 E04AA15 X 015 A00AA16 BARCLAYS BANK OF GHANA LIMITED 015 B00AA16 S 015 C01AA16 ACCRA 015 D01AA16 GHANA 015 E04AA16 X 015 A00AA17 NATIONAL BANK OF GREECE S.A. 015 B00AA17 S 015 C01AA17 ATHENS 015 D01AA17 GREECE 015 E04AA17 X 015 A00AA18 SOCIETE GENERALE DE BANQUES EN COTE DIVOIRE 015 B00AA18 S 015 C01AA18 ABIDJAN, IVORY COAST 015 D01AA18 GUINEA-BISSAU 015 E04AA18 X 015 A00AA19 STANDARD CHARTERED BANK 015 B00AA19 S PAGE 4 015 C01AA19 HONG KONG 015 D01AA19 HONG KONG (SAR) 015 E04AA19 X 015 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BANGKOK 015 D01AA55 THAILAND 015 E04AA55 X 015 A00AA56 SOCIETE GENERALE DE BANQUES EN COTE DIVOIRE 015 B00AA56 S 015 C01AA56 ABIDJAN, IVORY COAST 015 D01AA56 TOGO 015 E04AA56 X 015 A00AA57 REPUBLIC BANK LIMITED 015 B00AA57 S 015 C01AA57 PORT-OF-SPAIN 015 D01AA57 TRINIDAD & TOBAGO 015 E04AA57 X 015 A00AA58 BANQUE INTERNATIONALE ARABE DE TUNISIE 015 B00AA58 S 015 C01AA58 TUNIS 015 D01AA58 TUNISIA 015 E04AA58 X 015 A00AA59 CITIBANK, N.A. 015 B00AA59 S 015 C01AA59 ISTANBUL 015 D01AA59 TURKEY 015 E04AA59 X 015 A00AA60 ING BANK UKRAINE PAGE 8 015 B00AA60 S 015 C01AA60 KIEV 015 D01AA60 UKRAINE 015 E04AA60 X 015 A00AA61 HSBC BANK MIDDLE EAST 015 B00AA61 S 015 C01AA61 DUBAI 015 D01AA61 UNITED ARAB EMIRATES 015 E04AA61 X 015 A00AA62 STATE STREET BANK & TRUST COMPANY 015 B00AA62 S 015 C01AA62 LONDON 015 D01AA62 UNITED KINGDOM 015 E04AA62 X 015 A00AA63 STATE STREET BANK & TRUST COMPANY 015 B00AA63 C 015 C01AA63 BOSTON 015 C02AA63 MA 015 C03AA63 02110 015 D01AA63 UNITED STATES 015 E01AA63 X 015 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2234058 076 000600 0.00 077 A000000 Y 077 B000000 Y 077 C000000 N 077 D000000 Y PAGE 18 077 E000000 Y 077 F000000 N 077 G000000 N 077 H000000 N 077 I000000 Y 077 J000000 N 077 K000000 N 077 L000000 N 077 M000000 N 077 N000000 N 077 O000000 N 077 P000000 N 077 Q010000 Y 077 Q020000 N 077 Q030000 N 078 000000 N 080 A00AA00 ICI Mutual Insurance Company 080 C00AA00 25000 081 A00AA00 Y 081 B00AA00 107 082 A00AA00 N 082 B00AA00 0 083 A00AA00 N 083 B00AA00 0 084 A00AA00 N 084 B00AA00 0 085 A00AA00 Y 085 B00AA00 N 086 A010000 0 086 A020000 0 086 B010000 0 086 B020000 0 086 C010000 0 086 C020000 0 086 D010000 0 086 D020000 0 086 E010000 0 086 E020000 0 086 F010000 0 086 F020000 0 SIGNATURE SCOTT PLUMMER TITLE VICE PRESIDENT - CHIEF COUNSEL EX-99 2 exh.txt EXHIBIT Columbia Funds Series Trust I - Annual N-SAR report for the period ending 11/30/10 Columbia Tax-Exempt Fund (the "Fund") Item 77B - Report of Independent Registered Public Accounting Firm To the Trustees and Shareholders of Columbia Funds Series Trust I In planning and performing our audit of the financial statements of the Columbia Tax-Exempt Fund (a series of Columbia Funds Series Trust I and hereafter referred to as the "Fund") as of and for the year ended November 30, 2010, in accordance with the standards of the Public Company Accounting Oversight Board (United States), we considered the Fund's internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-SAR, but not for the purpose of expressing an opinion on the effectiveness of the Fund's internal control over financial reporting. Accordingly, we do not express an opinion on the effectiveness of the Fund's internal control over financial reporting. The management of the Fund is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A fund's internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A fund's internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the fund; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the fund are being made only in accordance with authorizations of management and trustees of the fund; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a fund's assets that could have a material effect on the financial statements. Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Fund's annual or interim financial statements will not be prevented or detected on a timely basis. Our consideration of the Fund's internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control over financial reporting that might be material weaknesses under standards established by the Public Company Accounting Oversight Board (United States). However, we noted no deficiencies in the Fund's internal control over financial reporting and its operation, including controls over safeguarding securities that we consider to be material weaknesses as defined above as of November 30, 2010. This report is intended solely for the information and use of management and the Board of Trustees of the Fund and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties. /s/PricewaterhouseCoopers LLP Boston, Massachusetts January 21, 2011 Item 77D/77Q1(b) - Policies with Respect to Securities Investments: On October 26, 2010, a Form Type 497, Accession No. 0001193125-10-236505, which included a supplement to the registration statement of Columbia Funds Series Trust I, was filed with the SEC. This is hereby incorporated by reference as part of the response to the Items 77D and 77Q1(b) of Form N-SAR. The supplement disclosed, among other things, a change that was made to the section of the Fund's prospectuses entitled "Principal Investment Strategies." Item 77E - Legal Proceedings: Information Regarding Pending and Settled Legal Proceedings In June 2004, an action captioned John E. Gallus et al. v. American Express Financial Corp. and American Express Financial Advisors Inc. was filed in the United States District Court for the District of Arizona. The plaintiffs allege that they are investors in several American Express Company (now known as legacy RiverSource) mutual funds and they purport to bring the action derivatively on behalf of those funds under the Investment Company Act of 1940. The plaintiffs allege that fees allegedly paid to the defendants by the funds for investment advisory and administrative services are excessive. The plaintiffs seek remedies including restitution and rescission of investment advisory and distribution agreements. The plaintiffs voluntarily agreed to transfer this case to the United States District Court for the District of Minnesota (the District Court). In response to defendants' motion to dismiss the complaint, the District Court dismissed one of plaintiffs' four claims and granted plaintiffs limited discovery. Defendants moved for summary judgment in April 2007. Summary judgment was granted in the defendants' favor on July 9, 2007. The plaintiffs filed a notice of appeal with the Eighth Circuit Court of Appeals (the Eighth Circuit) on August 8, 2007. On April 8, 2009, the Eighth Circuit reversed summary judgment and remanded to the District Court for further proceedings. On August 6, 2009, defendants filed a writ of certiorari with the U.S. Supreme Court (the Supreme Court), asking the Supreme Court to stay the District Court proceedings while the Supreme Court considers and rules in a case captioned Jones v. Harris Associates, which involves issues of law similar to those presented in the Gallus case. On March 30, 2010, the Supreme Court issued its ruling in Jones v. Harris Associates, and on April 5, 2010, the Supreme Court vacated the Eighth Circuit's decision in the Gallus case and remanded the case to the Eighth Circuit for further consideration in light of the Supreme Court's decision in Jones v. Harris Associates. On June 4, 2010, the Eighth Circuit remanded the Gallus case to the District Court for further consideration in light of the Supreme Court's decision in Jones v. Harris Associates. On December 9, 2010, the District Court reinstated its July 9,2007 summary judgment order in favor of the defendants. In December 2005, without admitting or denying the allegations, American Express Financial Corporation (AEFC, which is now known as Ameriprise Financial, Inc. (Ameriprise Financial)), entered into settlement agreements with the Securities and Exchange Commission (SEC) and Minnesota Department of Commerce (MDOC) related to market timing activities. As a result, AEFC was censured and ordered to cease and desist from committing or causing any violations of certain provisions of the Investment Advisers Act of 1940, the Investment Company Act of 1940, and various Minnesota laws. AEFC agreed to pay disgorgement of $10 million and civil money penalties of $7 million. AEFC also agreed to retain an independent distribution consultant to assist in developing a plan for distribution of all disgorgement and civil penalties ordered by the SEC in accordance with various undertakings detailed at http://www.sec.gov/litigation/admin/ia-2451.pdf. Ameriprise Financial and its affiliates have cooperated with the SEC and the MDOC in these legal proceedings, and have made regular reports to the funds' Boards of Directors/Trustees. Ameriprise Financial and certain of its affiliates have historically been involved in a number of legal, arbitration and regulatory proceedings, including routine litigation, class actions, and governmental actions, concerning matters arising in connection with the conduct of their business activities. Ameriprise Financial believes that the Funds are not currently the subject of, and that neither Ameriprise Financial nor any of its affiliates are the subject of, any pending legal, arbitration or regulatory proceedings that are likely to have a material adverse effect on the Funds or the ability of Ameriprise Financial or its affiliates to perform under their contracts with the Funds. Ameriprise Financial is required to make 10-Q, 10-K and, as necessary, 8-K filings with the Securities and Exchange Commission on legal and regulatory matters that relate to Ameriprise Financial and its affiliates. Copies of these filings may be obtained by accessing the SEC website at www.sec.gov. There can be no assurance that these matters, or the adverse publicity associated with them, will not result in increased fund redemptions, reduced sale of fund shares or other adverse consequences to the Funds. Further, although we believe proceedings are not likely to have a material adverse effect on the Funds or the ability of Ameriprise Financial or its affiliates to perform under their contracts with the Funds, these proceedings are subject to uncertainties and, as such, we are unable to estimate the possible loss or range of loss that may result. An adverse outcome in one or more of these proceedings could result in adverse judgments, settlements, fines, penalties or other relief that could have a material adverse effect on the consolidated financial condition or results of operations of Ameriprise Financial. Item 77I/77Q1(d) - Terms of new or amended securities: An Amended and Restated Multi-Class Plan, pursuant to Rule 18f-3(d), for the Fund dated September 7, 2010 is incorporated by reference to Post-Effective Amendment No. 111 to the Registration Statement of the Registrant on Form Type 485(b) filed on September 27, 2010, Accession No. 0001193125-10-217500. -----END PRIVACY-ENHANCED MESSAGE-----