Columbia Funds Series Trust I -
Semi-annual N-SAR report for the period ending 01/31/11

CMG Ultra Short Term Bond Fund



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. On January 10, 2011, plaintiffs filed a notice of
appeal with the Eighth Circuit.

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.