497 1 a06-14287_1497.htm DEFINITIVE MATERIALS

Supplement dated June 29, 2006
to the Statement of Additional Information
of Columbia Acorn Trust dated May 1, 2006

On June 6, 2006, the board of trustees of Columbia Acorn Trust (“Acorn” or the “Trust”) elected Patricia H. Werhane as trustee of the Trust. On June 7, 2006 the board of trustees of Wanger Advisors Trust (“WAT”), on which Ms. Werhane currently serves, unanimously nominated all of the Acorn trustees for election by the WAT shareholders as the trustees of the WAT board.

As a result of Ms. Werhane’s election as a trustee of the Trust, the following information is added to the Statement of Additional Information (“SAI”):

1. To the table entitled “Trustees who are not interested persons of Columbia Acorn” located on page 34:

 

Name, Position(s)
with Columbia
Acorn and Age
at January 1, 2006

 

Year First
Elected or
Appointed
to Office

 

Principal Occupation(s) 
during
 Past 5 Years

 

Number of
Portfolios in
Fund Complex
Overseen by
Trustee/Officer

 

Other
Directorships

Patricia H. Werhane,
70, Trustee

 

2006

 

Ruffin Professor of Business Ethics, Darden Graduate School of Business Administration, University of Virginia (since 1993); Senior Fellow of the Olsson Center for Applied Ethics, Darden Graduate School of Business Administration, University of Virginia (2001 to present); and Wicklander Chair of Business Ethics and Director of the Institute for Business and Professional Ethics, DePaul University (since September 2003).

 

10

 

Wanger
Advisors
Trust
(4 portfolios).

 

Ms. Werhane’s address is Columbia Wanger Asset Management, L.P. (“CWAM”), 227 West Monroe Street, Suite 3000, Chicago, Illinois 60606.




2. To the table entitled “Trustees who are not interested persons of Columbia Acorn” on page 55:

The following table shows the dollar range of equity securities “beneficially” owned (within the meaning of that term as defined in rule 16a-1(a)(2) under the 1934 Act) by Ms. Werhane as of December 31, 2005 (i) in the Funds and (ii) in the funds in the Columbia Funds Complex.

 

Name of Trustee

 

Name of Fund

 

Dollar Range of
Equity
Securities Owned
in each Fund

 

Aggregate Dollar Range
of Equity Securities in All
Registered Investment
Companies Overseen by
Trustee in Columbia
Fund Complex

 

Trustees who are not interested persons of Columbia Acorn:

 

Patricia H. Werhane

 

Columbia Acorn Fund
Columbia Acorn International
Columbia Acorn USA
Columbia Acorn Select
Columbia Acorn International Select
Columbia Thermostat Fund

 

None
None
None
None
None
None

 

None

 

Ms. Werhane does not own beneficially or of record, any security of CWAM or any person (other than a registered investment company) directly or indirectly controlling, controlled by or under common control with CWAM.




Additionally, at its meeting on June 6, 2006, the board of trustees appointed Joseph LaPalm and John Kunka as vice president and assistant treasurer of the Trust, respectively. The following information is added to the table entitled “Officers of Columbia Acorn” located on page 36 of the SAI:

 

Name, Position(s) 
with Columbia
Acorn
and Age at
January 1, 2006

 

Year First Elected or
Appointed
to Office

 

Principal Occupation(s) 
during
Past Five Years

 

Number of
Portfolios in
Fund
Complex for
Which
Officer Acts
in Same
Capacity

 

Other
Directorships

 

 

 

 

 

 

 

 

 

Joseph LaPalm,
36, Vice President

 

2006

 

Chief compliance officer, CWAM since 2005; vice president, Wanger Advisors Trust, since 2006; prior thereto, compliance officer with William Blair & Company.

 

10

 

None.

 

 

 

 

 

 

 

 

 

John Kunka, 35,
Assistant Treasurer

 

2006

 

Director of Accounting and Operations, CWAM, since 2006; assistant treasurer, Wanger Advisors Trust, since 2006; Manager of Mutual Fund Operations, Calamos Asset Management, 2005 to 2006; prior thereto, Manager of Mutual Fund Administration, Van Kampen Investments.

 

10

 

None.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

INT-50/111495-0606