COLUMBIA FUNDS SERIES TRUST I

COLUMBIA EMERGING MARKETS FUND
(the "Fund")

Supplement dated January 4, 2013 to the
Fund's prospectus dated January 1, 2013

(Columbia Emerging Markets Fund)

Effective immediately, the following changes are hereby made to the prospectus for the Fund:

The bar chart under the section of the prospectus for the Fund entitled "Performance Information" is deleted in its entirety and replaced with the following disclosure:

The bar chart shows how the Fund's Class Z share performance has varied for each full calendar year shown.

Year by Year Total Return (%) as of December 31 Each Year

^[1]

[1] Year-to-date return as of September 30, 2012: 14.21%