EX-99.77D POLICIES 3 dex9977d.txt EXHIBIT 77D Exhibit 77D COLUMBIA ACORN TRUST (THE "TRUST")--ANNUAL N-SAR REPORT FOR THE PERIOD ENDING 12/31/11 Columbia Acorn Fund Columbia Acorn International Columbia Acorn USA Columbia Acorn Select Columbia Acorn International Select Columbia Thermostat Fund Columbia Acorn European Fund Columbia Acorn Emerging Markets Fund (the "Funds") -------------------------------------------------------------------------------- ITEM 77D/77Q1(B)--POLICIES WITH RESPECT TO SECURITIES INVESTMENTS: On December 12, 2011, Form Type 497, ACCESSION NO. 0001193125-11-337544, a supplement to the registration statement of Columbia Acorn Trust on behalf of Columbia Thermostat Fund was filed with the SEC. It is hereby incorporated by reference as part of the response to these Items 77D and 77Q1(b) of Form N-SAR. The supplement disclosed, among other things, changes to the allocation of underlying funds in the principal investment strategy of Columbia Thermostat Fund.