Supplement dated June 27, 2016

to the Prospectus and Summary Prospectus of the following Fund:

Fund	Prospectus and Summary Prospectus Dated
Columbia Acorn Trust
Columbia Acorn Emerging Markets FundSM	5/1/2016

1. The table under the caption “Fees and Expenses of the Fund” in the “Summary of the Fund” section of the Prospectus and the Summary Prospectus is hereby superseded and replaced with the following:

Shareholder Fees (fees paid directly from your investment)
	Class A	Class C	Classes I, R4, R5, Y and Z
Maximum sales charge (load) imposed on purchases (as a % of offering price)	5.75%	None	None
Maximum deferred sales charge (load) imposed on redemptions (as a % of the lower of the original purchase price or current net asset value)	1.00% (a)	1.00% (b)	None

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
	Class A	Class C	Class I	Class R4	Class R5	Class Y	Class Z
Management fees(c)	1.10%	1.10%	1.10%	1.10%	1.10%	1.10%	1.10%
Distribution and/or service (12b-1) fees	0.25%	1.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other expenses(d)	0.45%	0.45%	0.29%	0.45%	0.34%	0.29%	0.45%
Total annual Fund operating expenses	1.80%	2.55%	1.39%	1.55%	1.44%	1.39%	1.55%

(a)	This charge is imposed on certain investments of between $1 million and $50 million redeemed within 18 months after purchase, as follows: 1.00% if redeemed within 12 months after purchase, and 0.50% if redeemed more than 12, but less than 18, months after purchase, with certain limited exceptions.
(b)	This charge applies to redemptions within 12 months after purchase, with certain limited exceptions.
(c)	Management fees have been restated to reflect current fees based on current asset levels.
(d)	Other expenses have been restated and are based on estimated amounts for the Fund’s current fiscal year, taking into consideration changes in the Fund’s net assets and changes in the method of allocating transfer agent expenses among Class A, Class C, Class R4 and Class Z shares of the Fund.
2.	The expense example table that appears under the caption “Fees and Expenses of the Fund – Example” in the “Summary of the Fund” section of the Prospectus and the Summary Prospectus is hereby superseded and replaced with the following:

	1 year	3 years	5 years	10 years
Class A (whether or not shares are redeemed)	$747	1,109	$1,494	$2,569
Class C (assuming redemption of all shares at the end of the period)	$358	793	$1,355	$2,885
Class C (assuming no redemption of shares)	$258	793	$1,355	$2,885
Class I (whether or not shares are redeemed)	$142	440	$ 761	$1,669
Class R4 (whether or not shares are redeemed)	$158	490	$ 845	$1,845
Class R5 (whether or not shares are redeemed)	$147	456	$ 787	$1,724
Class Y (whether or not shares are redeemed)	$142	440	$ 761	$1,669
Class Z (whether or not shares are redeemed)	$158	490	$ 845	$1,845

Shareholders should retain this Supplement for future reference.

SUP108_12_005_(06/16)