-----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, ArIMQerXPu90NY4QkbuACMIRUNk6UpO6GBZGfxAkW9luHb8zfgRFPQinF3Dwa/B8 RPEcn5svKxUdtgu7aJc9Gg== 0000021832-02-000012.txt : 20020414 0000021832-02-000012.hdr.sgml : 20020414 ACCESSION NUMBER: 0000021832-02-000012 CONFORMED SUBMISSION TYPE: NSAR-B PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20011130 FILED AS OF DATE: 20020129 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COLONIAL CALIFORNIA INSURED MUNICIPAL FUND CENTRAL INDEX KEY: 0001092896 STATE OF INCORPORATION: MA FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: NSAR-B SEC ACT: 1940 Act SEC FILE NUMBER: 811-09537 FILM NUMBER: 02519781 BUSINESS ADDRESS: STREET 1: C/O ROPES & GRAY STREET 2: ONE INTERNATIONAL PLACE CITY: BOSTON STATE: MA ZIP: 02110 BUSINESS PHONE: 6179517000 MAIL ADDRESS: STREET 1: C/O ROPES & GRAY STREET 2: ONE INTERNATIONAL PLACE CITY: BOSTON STATE: MA ZIP: 02110 FORMER COMPANY: FORMER CONFORMED NAME: PREMIER CALIFORNIA MUNICIPAL INCOME FUND DATE OF NAME CHANGE: 19990809 NSAR-B 1 answer.fil PAGE 1 000 B000000 11/30/2001 000 C000000 0001092896 000 D000000 N 000 E000000 NF 000 F000000 Y 000 G000000 N 000 H000000 N 000 I000000 6.1 000 J000000 A 001 A000000 COLONIAL CALIFORNIA INSURED MUNICIPAL FUND 001 B000000 811-9537 001 C000000 6174263750 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 N 007 B000000 0 007 C010100 1 007 C010200 2 007 C010300 3 007 C010400 4 007 C010500 5 007 C010600 6 007 C010700 7 007 C010800 8 007 C010900 9 007 C011000 10 008 A000001 COLONIAL MANAGEMENT ASSOCIATES, INC. 008 B000001 A 008 C000001 801-2019 008 D010001 BOSTON 008 D020001 MA 008 D030001 02111 011 A000001 PAINEWEBBER INCORPORATED 011 B000001 8-16267 011 C010001 NEW YORK 011 C020001 NY 011 C030001 10019 011 A000002 A.G. 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R040000 362 074 S000000 0 074 T000000 68128 074 U010000 2768 074 U020000 0 074 V010000 15.78 074 V020000 0.00 074 W000000 0.0000 074 X000000 29 074 Y000000 0 075 A000000 0 075 B000000 43532 076 000000 16.60 077 A000000 Y 077 B000000 Y 077 C000000 Y 077 D000000 N 077 E000000 N 077 F000000 N 077 G000000 N 077 H000000 N 077 I000000 N 077 J000000 N 077 K000000 N 077 L000000 N 077 M000000 N 077 N000000 N 077 O000000 N 077 P000000 N PAGE 9 077 Q010000 Y 077 Q020000 N 077 Q030000 N 078 000000 N 080 A000000 ICI MUTUAL INSURANCE COMPANY 080 B000000 N/A 080 C000000 35000 081 A000000 Y 081 B000000 137 082 A000000 N 082 B000000 0 083 A000000 N 083 B000000 0 084 A000000 N 084 B000000 0 085 A000000 Y 085 B000000 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 0 087 A010000 COLONIAL CALIFORNIA INSURED MUNICIPAL FUND 087 A020000 195598107 087 A030000 CCA SIGNATURE DOUGLAS RODES TITLE VICE PRESIDENT EX-99 3 exh.txt 77C Matters submitted to a vote of security holders On September 26, 2001, the Annual Meeting of Shareholders of the Colonial California Insured Municipal Fund was held to conduct a vote for and against the approval of the Items listed on the Fund's Proxy Statement for said Meeting. On July 16, 2001, the record date for the Meeting, the Fund had 2,767,557.660 shares of beneficial interest outstanding. The votes cast were as follows: Election of Trustees For Withheld Douglas A. Hacker 2,654,951.7025 31,368.000 Janet Langford Kelly 2,657,736.7025 28,583.000 Richard W. Lowry 2,657,736.7025 28,583.000 William E. Mayer 2,657,736.7025 28,583.000 Charles R. Nelson 2,657,736.7025 28,583.000 John J. Neuhauser 2,657,736.7025 28,583.000 Joseph R. Palombo 2,657,736.7025 28,583.000 Thomas C. Theobald 2,657,736.7025 28,583.000 Anne-Lee Verville 2,657,736.7025 28,583.000 To approve a new investment advisory agreement with Colonial Management Associates: For 2,560,897.703 shares of beneficial interest being a majority of the shares of beneficial interest represented at the Meeting Against 63,267.000 shares of beneficial interest Abstain 62,155.000 shares of beneficial interest On July 16, 2001, the record date for the Meeting, the Fund had preferred shares outstanding of 978. The votes cast were as follows: Election of Trustees: For Withheld Douglas A. Hacker 978.000 0.000 Janet Langford Kelly 978.000 0.000 Richard W. Lowry 978.000 0.000 Salvatore Macera 978.000 0.000 William E. Mayer 978.000 0.000 Charles R. Nelson 978.000 0.000 John J. Neuhauser 978.000 0.000 Joseph R. Palombo 978.000 0.000 Thomas E. Stitzel 978.000 0.000 Thomas C. Theobald 978.000 0.000 Anne-Lee Verville 978.000 0.000 To approve a new investment advisory agreement Colonial Management Associates: For 977.000 preferred shares of being a majority of the preferred shares represented at the Meeting Abstain 1.000 preferred shares (proxy statement incorporated herein by reference to Accession number 0000950135-01-502264) 77Q1 - Exhibits Management Agreement COLONIAL CALIFORNIA INSURED MUNICIPAL FUND MANAGEMENT AGREEMENT AGREEMENT dated as of November 1, 2001, between COLONIAL CALIFORNIA INSURED MUNICIPAL FUND, a Massachusetts business trust ("Fund"), and COLONIAL MANAGEMENT ASSOCIATES, INC., a Massachusetts corporation ("Advisor"). In consideration of the promises and covenants herein, the parties agree as follows: 1. The Advisor will manage the investment of the assets of the Fund in accordance with its investment policies and will perform the other services herein set forth, subject to the supervision of the Board of Trustees of the Fund. 2. In carrying out its investment management obligations, the Advisor shall: (a) evaluate such economic, statistical and financial information and undertake such investment research as it shall believe advisable; (b) purchase and sell securities and other investments for the Fund in accordance with the procedures approved by the Board of Trustees; and (c) report results to the Board of Trustees. 3. The Advisor shall furnish at its expense the following: (a) office space, supplies, facilities and equipment; (b) executive and other personnel for managing the affairs of the Fund (including preparing financial information of the Fund and reports and tax returns required to be filed with public authorities, but exclusive of those related to custodial, transfer, dividend and plan agency services, determination of net asset value and maintenance of records required by Section 31(a) of the Investment Company Act of 1940, as amended, and the rules thereunder (1940 Act)); and (c) compensation of Trustees who are directors, officers, partners or employees of the Advisor or its affiliated persons (other than a registered investment company). 4. The Advisor shall be free to render similar services to others so long as its services hereunder are not impaired thereby. 5. The Fund shall pay the Advisor monthly a fee at the annual rate of 0.65% of the average weekly net assets of the Fund. 6. If the operating expenses of the Fund for any fiscal year exceed the most restrictive applicable expense limitation for any state in which shares are sold, the Advisor's fee shall be reduced by the excess but not to less than zero. Operating expenses shall not include brokerage, interest, taxes, deferred organization expenses and extraordinary expenses, if any. The Advisor may waive its compensation (and, bear expenses of the Fund) to the extent that expenses of the Fund exceed any expense limitation the Advisor declares to be effective. 7. This Agreement shall become effective as of the date of its execution, and (a) unless otherwise terminated, shall continue until July 31, 2003 and from year to year thereafter so long as approved annually in accordance with the 1940 Act; (b) may be terminated without penalty on sixty days' written notice to the Advisor either by vote of the Board of Trustees of the Fund or by vote of a majority of the outstanding voting securities of the Fund; (c) shall automatically terminate in the event of its assignment; and (d) may be terminated without penalty by the Advisor on sixty days' written notice to the Fund. 8. This Agreement may be amended in accordance with the 1940 Act. 9. For the purpose of the Agreement, the terms "vote of a majority of the outstanding voting securities", "affiliated person" and "assignment" shall have their respective meanings defined in the 1940 Act and exemptions and interpretations issued by the Securities and Exchange Commission under the 1940 Act. 10. In the absence of willful misfeasance, bad faith or gross negligence on the part of the Advisor, or reckless disregard of its obligations and duties hereunder, the Advisor shall not be subject to any liability to the Fund, to any shareholder of the Fund or to any other person, firm or organization, for any act or omission in the course of, or connected with, rendering services hereunder. COLONIAL CALIFORNIA INSURED MUNICIPAL FUND By: ____________________________________________ William J. Ballou Secretary COLONIAL MANAGEMENT ASSOCIATES, INC. By: ____________________________________________ William J. Ballou Senior Vice President A copy of the document establishing the Fund is filed with the Secretary of The Commonwealth of Massachusetts. This Agreement is executed by officers not as individuals and is not binding upon any of the Trustees, officers or shareholders of the Fund individually but only upon the assets of the Fund. Accountant's Report on Internal Control [PricewaterhouseCoopers logo] PricewaterhouseCoopers LLP 160 Federal Street Boston, MA 02110-9862 Report of Independent Accountants To the Board of Trustees and Shareholders of Colonial California Insured Municipal Fund In planning and performing our audits of the financial statements of Colonial California Insured Municipal Fund (the "Fund") for the year ended November 30, 2001, we considered its internal control, including control activities for safeguarding securities, in order to determine our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-SAR, and not to provide assurance on internal control. The management of the Fund is responsible for establishing and maintaining internal control. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. Generally, controls that are relevant to an audit pertain to the entity's objective of preparing financial statements for external purposes that are fairly presented in conformity with generally accepted accounting principles. Those controls include the safeguarding of assets against unauthorized acquisition, use or disposition. Because of inherent limitations in internal control, errors or fraud may occur and not be detected. Also, projection of any evaluation of internal control to future periods is subject to the risk that it may become inadequate because of changes in conditions or that the effectiveness of the design and operation may deteriorate. Our consideration of internal control would not necessarily disclose all matters in internal control that might be material weaknesses under standards established by the American Institute of Certified Public Accountants. A material weakness is a condition in which the design or operation of one or more of the internal control components does not reduce to a relatively low level the risk that misstatements caused by error or fraud in amounts that would be material in relation to the financial statements being audited may occur and not be detected within a timely period by employees in the normal course of performing their assigned functions. However, we noted no matters involving internal control and its operation, including controls for safeguarding securities, that we consider to be material weaknesses as defined above as of November 30, 2001. This report is intended solely for the information and use of the Board of Trustees, management and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties. PricewaterhouseCoopers LLP January 10, 2002 -----END PRIVACY-ENHANCED MESSAGE-----