N-Q 1 a04-11569_6nq.htm N-Q

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

OMB APPROVAL

 

OMB Number:    3235-0578
Expires:    February 28, 2006
Estimated average burden hours per response........20.00

 

 

 

 

FORM N-Q

 

 

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANY

 

Investment Company Act file number

811-9537

 

Colonial California Insured Municipal Fund

(Exact name of registrant as specified in charter)

One Financial Center, Boston, Massachusetts

02111

(Address of principal executive offices)

(Zip code)

Vincent Pietropaolo, Esq.
Columbia Management Group, Inc.
One Financial Center
Boston, MA 02111

(Name and address of agent for service)

 

 

 

Registrant's telephone number, including area code:

1-617-772-3698

 

 

Date of fiscal year end:

11/30/04

 

 

Date of reporting period:

6/1/04 - 8/31/04

 

 


Item 1. Schedule of Investments.

 

INVESTMENT PORTFOLIO

Colonial California Insured Municipal Fund

August 31, 2004 (California unless otherwise stated)(Unaudited)

 

 

 

 

 

 

 

Par ($)

 

Value ($)

 

Municipal Bonds - 98.9%

 

 

 

 

 

 

 

 

 

EDUCATION - 3.7%

 

 

 

 

 

 

 

 

 

California Educational Facilities Authority,

 

 

 

 

 

 

 

 

 

Pooled College and University, Series 2000 B,

 

 

 

 

 

 

 

 

 

 

 

6.625

%

06/01/20

 

250,000

 

276,132

 

 

 

 

 

 

 

 

 

 

 

State Community College Financing Authority,

 

 

 

 

 

 

 

 

 

West Valley Mission Community College,

 

 

 

 

 

 

 

 

 

Series 1997,

 

 

 

 

 

 

 

 

 

 

 

5.625

%

05/01/22

 

2,000,000

 

2,188,720

 

 

 

EDUCATION TOTAL

 

2,464,852

 

 

 

 

 

 

 

 

 

 

 

HEALTH CARE - 2.0%

 

 

 

 

 

 

 

 

 

Congregate Care Retirement - 0.4%

 

 

 

 

 

 

 

 

 

Statewide Community Development Authority,

 

 

 

 

 

 

 

 

 

Eskaton Village - Grass Valley, Series 2000,

 

 

 

 

 

 

 

 

 

 

 

8.250

%

11/15/31

(a)

250,000

 

273,660

 

 

 

Congregate Care Retirement Total

 

273,660

 

 

 

 

 

 

 

 

 

 

 

Hospitals - 1.6%

 

 

 

 

 

 

 

 

 

State Health Facilities Financing Authority,

 

 

 

 

 

 

 

 

 

Cedars-Sinai Medical Center, Series 1999 A,

 

 

 

 

 

 

 

 

 

 

 

6.125

%

12/01/30

 

250,000

 

267,380

 

Statewide Community Development Authority,

 

 

 

 

 

 

 

 

 

Catholic Healthcare West, Series 1999,

 

 

 

 

 

 

 

 

 

 

 

6.500

%

07/01/20

 

500,000

 

541,775

 

Whittier Health Facility, Presbyterian Intercommunity

 

 

 

 

 

 

 

 

 

Hospital, Series 2002,

 

 

 

 

 

 

 

 

 

 

 

5.750

%

06/01/31

 

250,000

 

258,650

 

 

 

Hospitals Total

 

1,067,805

 

 

 

HEALTH CARE TOTAL

 

1,341,465

 

HOUSING - 7.7%

 

 

 

 

 

 

 

 

 

Assisted Living/Senior- 3.4%

 

 

 

 

 

 

 

 

 

Abag Finance Authority for Nonprofit Corps.,

 

 

 

 

 

 

 

 

 

Odd Fellows Home, Series 1999,

 

 

 

 

 

 

 

 

 

 

 

6.000

%

08/15/24

 

2,000,000

 

2,208,820

 

 

 

Assisted Living/Senior Total

 

2,208,820

 

 

 

 

 

 

 

 

 

 

 

Multi-Family - 3.9%

 

 

 

 

 

 

 

 

 

Abag Finance Authority for Nonprofit Corps.,

 

 

 

 

 

 

 

 

 

Civic Center Drive Apartments, Series 1999 A, AMT,

 

 

 

 

 

 

 

 

 

 

 

5.875

%

03/01/32

 

2,500,000

 

2,593,500

 

 

 

Multi-Family Total

 

2,593,500

 

 

 

 

 

 

 

 

 

 

 

Single Family - 0.4%

 

 

 

 

 

 

 

 

 

State Rural Home Mortgage Finance Authority:

 

 

 

 

 

 

 

 

 

Series 1998 A, AMT,

 

 

 

 

 

 

 

 

 

 

 

6.350

%

12/01/29

 

140,000

 

141,597

 

Series 1998 B-4, AMT,

 

 

 

 

 

 

 

 

 

 

 

6.350

%

12/01/29

 

125,000

 

126,011

 

 

 

Single Family Total

 

267,608

 

 

 

HOUSING TOTAL

 

5,069,928

 

 

 

 

 

 

 

 

 

 

 

OTHER - 6.3%

 

 

 

 

 

 

 

 

 

Refunded/Escrowed (b) - 6.3%

 

 

 

 

 

 

 

 

 

El Dorado California District Certificates

 

 

 

 

 

 

 

 

 

of Participation, Series 2004 A,

 

 

 

 

 

 

 

 

 

 

 

5.000

%

03/01/21

(c)

1,000,000

 

1,054,920

 

Los Angeles Department of Water & Power:

 

 

 

 

 

 

 

 

 

Series 1999,

 

 

 

 

 

 

 

 

 

 

 

6.100

%

10/15/39

 

750,000

 

884,640

 

Series 2004 C,

 

 

 

 

 

 

 

 

 

 

 

5.000

%

07/01/22

 

1,000,000

 

1,054,770

 

Oakland, Harrison Foundation,

 

 

 

 

 

 

 

 

 

Series 1999 A,

 

 

 

 

 

 

 

 

 

 

 

6.000

%

01/01/29

 

1,000,000

 

1,163,930

 

 

 

Refunded/Escrowed Total

 

4,158,260

 

 

 

OTHER TOTAL

 

4,158,260

 

 

 

 

 

 

 

RESOURCE RECOVERY - 3.7%

 

 

 

 

 

 

 

 

 

Disposal - 3.7%

 

 

 

 

 

 

 

 

 

Sacramento City Financing Authority,

 

 

 

 

 

 

 

 

 

Series 1999,

 

 

 

 

 

 

 

 

 

 

 

5.875

%

12/01/29

 

1,250,000

 

1,396,125

 

 

See notes to investment portfolio.

 


 

Salinas Valley Solid Waste Authority,

 

 

 

 

 

 

 

 

 

Series 2002, AMT,

 

 

 

 

 

 

 

 

 

 

 

5.125

%

08/01/22

 

500,000

 

515,895

 

Sunnyvale Solid Waste Authority,

 

 

 

 

 

 

 

 

 

Series 2003, AMT,

 

 

 

 

 

 

 

 

 

 

 

4.500

%

10/01/08

 

500,000

 

531,775

 

 

 

Disposal Total

 

2,443,795

 

 

 

RESOURCE RECOVERY TOTAL

 

2,443,795

 

 

 

 

 

 

 

 

 

 

 

TAX-BACKED - 54.0%

 

 

 

 

 

 

 

 

 

Local Appropriated - 10.5%

 

 

 

 

 

 

 

 

 

Del Norte County, Series 1999,

 

 

 

 

 

 

 

 

 

 

 

5.400

%

06/01/29

 

500,000

 

528,175

 

 

 

 

 

 

 

 

 

 

 

Los Angeles County Schools,

 

 

 

 

 

 

 

 

 

Series 1999 A:

 

 

 

 

 

 

 

 

 

 

 

 

(d)

08/01/18

 

2,020,000

 

1,056,783

 

 

 

 

(d)

08/01/23

 

2,220,000

 

848,439

 

Pacifica, Series 1999,

 

 

 

 

 

 

 

 

 

 

 

5.875

%

11/01/29

 

1,500,000

 

1,665,915

 

San Bernardino County,

 

 

 

 

 

 

 

 

 

Medical Center Financing Project,

 

 

 

 

 

 

 

 

 

Series 1994,

 

 

 

 

 

 

 

 

 

 

 

5.500

%

08/01/17

 

2,500,000

 

2,846,500

 

 

 

Local Appropriated Total

 

6,945,812

 

 

 

 

 

 

 

 

 

 

 

Local General Obligations - 16.0%

 

 

 

 

 

 

 

 

 

Brea-Olinda Unified School District,

 

 

 

 

 

 

 

 

 

Series 1999 A,

 

 

 

 

 

 

 

 

 

 

 

5.600

%

08/01/20

 

1,000,000

 

1,118,990

 

Inglewood Unified School District,

 

 

 

 

 

 

 

 

 

Series 1999 A,

 

 

 

 

 

 

 

 

 

 

 

5.600

%

10/01/24

 

1,185,000

 

1,298,523

 

Los Angeles Unified School District,

 

 

 

 

 

 

 

 

 

Series 2002,

 

 

 

 

 

 

 

 

 

 

 

5.750

%

07/01/16

 

500,000

 

591,675

 

Newhall School District

 

 

 

 

 

 

 

 

 

Series 2004,

 

 

 

 

 

 

 

 

 

 

 

5.000

%

05/01/20

 

500,000

 

551,005

 

Pomona Unified School District,

 

 

 

 

 

 

 

 

 

Series 2000 A,

 

 

 

 

 

 

 

 

 

 

 

6.550

%

08/01/29

 

1,000,000

 

1,268,140

 

San Diego Unified School District,

 

 

 

 

 

 

 

 

 

Election of 1998, Series 2000 B,

 

 

 

 

 

 

 

 

 

 

 

6.000

%

07/01/19

 

1,000,000

 

1,214,530

 

Temecula Valley Unified School District,

 

 

 

 

 

 

 

 

 

Series 2004,

 

 

 

 

 

 

 

 

 

 

 

5.000

%

08/01/20

 

500,000

 

551,595

 

Union Elementary School District,

 

 

 

 

 

 

 

 

 

Series 1999 A,

 

 

 

 

 

 

 

 

 

 

 

 

(d)

09/01/18

 

1,630,000

 

854,104

 

Upland Unified School District,

 

 

 

 

 

 

 

 

 

Series 2001,

 

 

 

 

 

 

 

 

 

 

 

5.125

%

08/01/25

 

25,000

 

260,803

 

Vallejo City Unified School District,

 

 

 

 

 

 

 

 

 

Series 2002 A:

 

 

 

 

 

 

 

 

 

 

 

5.900

%

02/01/21

 

500,000

 

598,615

 

 

 

5.900

%

08/01/25

 

500,000

 

592,695

 

West Contra Costa Unified School District,

 

 

 

 

 

 

 

 

 

Series 2001 A,

 

 

 

 

 

 

 

 

 

 

 

5.700

%

02/01/23

 

500,000

 

584,905

 

West Covina Unified School District,

 

 

 

 

 

 

 

 

 

Series 2002 A,

 

 

 

 

 

 

 

 

 

 

 

5.800

%

02/01/21

 

500,000

 

594,580

 

Yuba City Unified School District,

 

 

 

 

 

 

 

 

 

Series 2000,

 

 

 

 

 

 

 

 

 

 

 

 

(d)

09/01/18

 

1,000,000

 

523,990

 

 

 

Local General Obligations Total

 

10,604,150

 

 

See notes to investment portfolio.

 


 

Special Non-Property Tax - 7.1%

 

 

 

 

 

 

 

 

 

PR Commonwealth of Puerto Rico

 

 

 

 

 

 

 

 

 

Highway & Transportation Authority:

 

 

 

 

 

 

 

 

 

Series 1996 Y:

 

 

 

 

 

 

 

 

 

 

 

5.500

%

07/01/36

 

500,000

 

533,425

 

 

 

5.500

%

07/01/36

 

1,000,000

 

1,095,820

 

Series 2002 E,

 

 

 

 

 

 

 

 

 

 

 

5.500

%

07/01/21

 

250,000

 

290,910

 

San Francisco City & County Hotel Tax

 

 

 

 

 

 

 

 

 

Agency, Series 1994,

 

 

 

 

 

 

 

 

 

 

 

6.750

%

07/01/25

 

1,000,000

 

1,024,000

 

State Economic Recovery,

 

 

 

 

 

 

 

 

 

Series 2004 A, AMT,

 

 

 

 

 

 

 

 

 

 

 

5.250

%

07/01/14

 

1,000,000

 

1,133,360

 

VI Virgin Islands Public Finance Authority,

 

 

 

 

 

 

 

 

 

Series 1999,

 

 

 

 

 

 

 

 

 

 

 

6.500

%

10/01/24

 

550,000

 

626,940

 

 

 

Special Non-Property Tax Total

 

4,704,455

 

 

 

 

 

 

 

 

 

 

 

Special Property Tax - 10.8%

 

 

 

 

 

 

 

 

 

Carson Redevelopment Agency,

 

 

 

 

 

 

 

 

 

Redevelopment Project Area A-1, Series 2003 B,

 

 

 

 

 

 

 

 

 

 

 

5.250

%

10/01/20

 

500,000

 

541,730

 

Huntington Beach Community Facilities

 

 

 

 

 

 

 

 

 

District, Grand Coast Resort, Series 2001,

 

 

 

 

 

 

 

 

 

 

 

6.450

%

09/01/31

 

100,000

 

104,079

 

Huntington Park Public Financing Authority Revenue,

 

 

 

 

 

 

 

 

 

Series 2004,

 

 

 

 

 

 

 

 

 

 

 

5.250

%

09/01/19

 

1,000,000

 

1,111,270

 

Lancaster California Financing Authority

 

 

 

 

 

 

 

 

 

Redevelopment Project No. 5 & 6, Series 2003,

 

 

 

 

 

 

 

 

 

 

 

5.250

%

02/01/20

 

1,075,000

 

1,207,321

 

Oceanside Community Development Commission,

 

 

 

 

 

 

 

 

 

Downtown Redevelopment Project, Series 2003,

 

 

 

 

 

 

 

 

 

 

 

5.700

%

09/01/25

 

500,000

 

514,890

 

Orange County Community Facilities District,

 

 

 

 

 

 

 

 

 

Ladera Ranch:

 

 

 

 

 

 

 

 

 

Series 1999 A,

 

 

 

 

 

 

 

 

 

 

 

6.700

%

08/15/29

 

200,000

 

220,188

 

Series 2004 A,

 

 

 

 

 

 

 

 

 

 

 

5.625

%

08/15/34

 

150,000

 

151,834

 

Palmdale Elementary School District,

 

 

 

 

 

 

 

 

 

Community Facilities District No. 90-1,

 

 

 

 

 

 

 

 

 

Series 1999,

 

 

 

 

 

 

 

 

 

 

 

5.800

%

08/01/29

 

1,500,000

 

1,661,130

 

Pittsburgh Redevelopment Agency,

 

 

 

 

 

 

 

 

 

Los Medanos Project, Series 1999,

 

 

 

 

 

 

 

 

 

 

 

 

(d)

08/01/21

 

2,575,000

 

1,120,795

 

Ridgecrest Civic Center,

 

 

 

 

 

 

 

 

 

Series 1999,

 

 

 

 

 

 

 

 

 

 

 

6.250

%

06/30/26

 

500,000

 

533,100

 

 

 

Special Property Tax Total

 

7,166,337

 

 

 

 

 

 

 

 

 

 

 

State Appropriated - 5.0%

 

 

 

 

 

 

 

 

 

State Public Works Board, Department of Health Services,

 

 

 

 

 

 

 

 

 

Series 1999 A,

 

 

 

 

 

 

 

 

 

 

 

5.750

%

11/01/24

(e)

2,500,000

 

2,749,750

 

State Public Works Board, Department of Mental Health Services,

 

 

 

 

 

 

 

 

 

Coalinga State Hospital, Series A,

 

 

 

 

 

 

 

 

 

 

 

5.500

%

06/01/09

 

500,000

 

545,260

 

 

 

State Appropriated Total

 

3,295,010

 

 

 

 

 

 

 

 

 

 

 

State General Obligations - 4.6%

 

 

 

 

 

 

 

 

 

PR Commonwealth of Puerto Rico

 

 

 

 

 

 

 

 

 

Series 2004 A,

 

 

 

 

 

 

 

 

 

 

 

5.000

%

07/01/31

 

250,000

 

274,858

 

State of California:

 

 

 

 

 

 

 

 

 

Series 2002,

 

 

 

 

 

 

 

 

 

 

 

6.000

%

02/01/17

 

1,000,000

 

1,204,000

 

Series 2003,

 

 

 

 

 

 

 

 

 

 

 

5.250

%

02/01/20

 

500,000

 

551,925

 

Series 2004,

 

 

 

 

 

 

 

 

 

 

 

5.000

%

02/01/22

 

1,000,000

 

1,038,780

 

 

 

State General Obligations Total

 

3,069,563

 

 

 

TAX-BACKED TOTAL

 

35,785,327

 

 

 

 

 

 

 

 

 

 

 

TRANSPORTATION - 2.4%

 

 

 

 

 

 

 

 

 

Airports - 1.6%

 

 

 

 

 

 

 

 

 

Port of Oakland, Series 2000 K, AMT,

 

 

 

 

 

 

 

 

 

 

 

5.750

%

11/01/29

 

1,000,000

 

1,075,160

 

 

 

Airports Total

 

1,075,160

 

 

 

 

 

 

 

 

 

 

 

Ports - 0.4%

 

 

 

 

 

 

 

 

 

Port of Oakland, Series 2002 L, AMT,

 

 

 

 

 

 

 

 

 

 

 

5.500

%

11/01/20

 

250,000

 

270,680

 

 

 

Ports Total

 

270,680

 

 

See notes to investment portfolio.

 


 

Transportation - 0.4%

 

 

 

 

 

 

 

 

 

San Francisco Bay Area Rapid Transit District,

 

 

 

 

 

 

 

 

 

Series 1999,

 

 

 

 

 

 

 

 

 

 

 

5.500

%

07/01/34

 

250,000

 

267,630

 

 

 

Transportation Total

 

267,630

 

 

 

TRANSPORTATION TOTAL

 

1,613,470

 

 

 

 

 

 

 

 

 

 

 

UTILITY - 19.1%

 

 

 

 

 

 

 

 

 

Independent Power Producers - 0.4%

 

 

 

 

 

 

 

 

 

PR Commonwealth of Puerto Rico Industrial,

 

 

 

 

 

 

 

 

 

Educational, Medical & Environmental

 

 

 

 

 

 

 

 

 

Cogeneration Facilities, AES Project,

 

 

 

 

 

 

 

 

 

Series 2000, AMT,

 

 

 

 

 

 

 

 

 

 

 

6.625

%

06/01/26

 

250,000

 

267,418

 

 

 

Independent Power Producers Total

 

267,418

 

 

 

 

 

 

 

 

 

 

 

Investor Owned - 4.8%

 

 

 

 

 

 

 

 

 

State Pollution Control Financing Authority:

 

 

 

 

 

 

 

 

 

Pacific Gas & Electric Co., Series 1996 A, AMT,

 

 

 

 

 

 

 

 

 

 

 

5.350

%

12/01/16

 

1,000,000

 

1,082,410

 

San Diego Gas & Electric Co., Series 1991 A, AMT,

 

 

 

 

 

 

 

 

 

 

 

6.800

%

06/01/15

 

500,000

 

569,445

 

Southern California Edison Co., Series 1999 B,

 

 

 

 

 

 

 

 

 

 

 

5.450

%

09/01/29

 

1,500,000

 

1,558,245

 

 

 

Investor Owned Total

 

3,210,100

 

 

 

 

 

 

 

 

 

 

 

Municipal Electric - 4.8%

 

 

 

 

 

 

 

 

 

PR Puerto Rico Electric Power Authority,

 

 

 

 

 

 

 

 

 

Series 1997 AA,

 

 

 

 

 

 

 

 

 

 

 

5.375

%

07/01/27

 

2,500,000

 

2,612,600

 

State Department of Water Resources,

 

 

 

 

 

 

 

 

 

Series 2002 A,

 

 

 

 

 

 

 

 

 

 

 

5.500

%

05/01/14

 

500,000

 

563,955

 

 

 

Municipal Electric Total

 

3,176,555

 

 

 

 

 

 

 

 

 

 

 

Water & Sewer - 9.1%

 

 

 

 

 

 

 

 

 

Culver City, Series 1999 A,

 

 

 

 

 

 

 

 

 

 

 

5.700

%

09/01/29

 

1,500,000

 

1,643,910

 

Pico Rivera Water Authority, Series 1999 A,

 

 

 

 

 

 

 

 

 

 

 

5.500

%

05/01/29

 

2,000,000

 

2,223,700

 

Placer County Water Agency, Series 1999,

 

 

 

 

 

 

 

 

 

 

 

5.500

%

07/01/29

 

1,000,000

 

1,064,680

 

Pomona Public Financing Authority,

 

 

 

 

 

 

 

 

 

Series 1999 AC,

 

 

 

 

 

 

 

 

 

 

 

5.500

%

05/01/29

 

1,000,000

 

1,070,350

 

 

 

Water & Sewer Total

 

6,002,640

 

 

 

UTILITY TOTAL

 

12,656,713

 

 

 

 

 

 

 

 

 

 

 

Total Municipal Bonds - 98.9%

 

 

 

 

 

 

 

 

 

(cost of $59,333,036)

 

 

 

 

 

 

 

65,533,810

 

 

 

 

 

 

 

 

 

 

 

Short-Term Obligation - 0.2%

 

 

 

 

 

 

 

 

 

Variable Rate Demand Note (f) - 0.2%

 

 

 

 

 

 

 

 

 

Quad Cities Regional Economic Development

 

 

 

 

 

 

 

 

 

Authority,

 

 

 

 

 

 

 

 

 

Two Rivers YMCA, Series 2002,

 

 

 

 

 

 

 

 

 

 

 

1.400

%

12/01/31

 

100,000

 

100,000

 

 

 

Variable Rate Demand Note Total

 

100,000

 

Total Short-Term Obligation - 0.2%

 

 

 

 

 

 

 

 

 

(cost of $100,000)

 

 

 

 

 

 

 

100,000

 

 

 

 

 

 

 

 

 

 

 

Total Investments - 99.1% (Cost of $59,433,036)(g)

 

 

 

 

 

 

 

65,633,810

 

 

 

 

 

 

 

 

 

 

 

Other Assets & Liabilities, Net - 0.9%

 

 

 

 

 

 

 

619,154

 

 

 

 

 

 

 

 

 

 

 

Net Assets* - 100.0%

 

 

 

 

 

 

 

66,252,964

 

 

Notes to Investment Portfolio:

*                 Net assets represent both Common Shares and Auction Preferred Shares.

(a)     Denotes a restricted security, which is subject to restrictions on resale under federal securities laws.  At August 31, 2004, the value of this security represents 0.7% of net assets.

 

Security

 

Acquisition Date

 

Acquisition Cost

 

Statewide Community Development

 

 

 

 

 

Authority, Eskaton Village - Grass

 

 

 

 

 

Valley, Series 2000,

 

 

 

 

 

8.250% 11/15/31

 

09/08/00

 

$

250,000

 

 

(b) The Fund has been informed that each issuer has placed direct obligations of the U.S. Government in an irrevocable trust, solely for the payment of principal and interest.

(c)  Security purchased on a delayed delivery basis.

(d) Zero coupon bond.

(e)  The security or a portion of the security pledged as collateral for open futures contracts.  As of August 31, 2004,

 

See notes to investment portfolio.

 


 

the total market value of securities pledged amounted to $2,023,816.

(f)  Variable rate demand note.  These securities are payable upon demand and are secured by letters of credit or other credit support agreements from banks.  The interest rate change periodically and the interest rates shown reflect the rate as of August 31, 2004.

(g) Cost for federal income tax purposes is $59,370,225.

 

At August 31, 2004, the Fund held the following open short futures contracts:

 

Type

 

Value

 

Aggregate
Face Value

 

Expiration
Date

 

Unrealized
Depreciation

 

U.S. Treasury Notes

 

 

 

 

 

 

 

 

 

10-Year

 

$

13,028,250

 

$

12,987,142

 

Dec-2004

 

$

(41,108

)

 

 

 

 

 

 

 

 

$

(41,108

)

 

The Fund holds investments that are insured by private insurers who guarantee the

payment of principal and interest in the event of default.  A list of these insurers at August 31, 2004 is as follows:

 

Insurer

 

% of Total
Investments

 

MBIA Insurance Corp.

 

40.0

 

Financial Guaranty Insurance Corp.

 

17.9

 

Ambac Assurance Corp.

 

17.0

 

Financial Security Assurance, Inc.

 

13.5

 

 

 

88.4

 

 

Acronym

 

Name

 

Abag

 

Association of Bay Area Government

 

AMT

 

Alternative Minimum Tax

 

 

See notes to investment portfolio.

 


Item 2. Controls and Procedures.

 

(a)        The registrant’s principal executive officer and principal financial officer, based on their evaluation of the registrant’s disclosure controls and procedures as of a date within 90 days of the filing of this report, have concluded that such controls and procedures are adequately designed to ensure that information required to be disclosed by the registrant in Form N-Q is accumulated and communicated to the registrant’s management, including the principal executive officer and principal financial officer, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.

 

(b)       There were no changes in the registrant’s internal control over financial reporting that occurred during the registrant’s last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

 

Item 3. Exhibits.

 

Certifications pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) attached hereto as Exhibit 99.CERT.

 


SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

(registrant)

 

Colonial California Insured Municipal Fund

 

 

By (Signature and Title)

 

/S/ Christopher L. Wilson

 

 

Christopher L. Wilson, President

 

Date

 

October 28, 2004

 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

By (Signature and Title)

 

/S/ Christopher L. Wilson

 

 

Christopher L. Wilson, President

 

By (Signature and Title)

 

/S/ J. Kevin Connaughton

 

 

J. Kevin Connaughton, Treasurer

 

 

 

Date

 

October 28, 2004