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022 A000001 MERRILL LYNCH & CO.
022 B000001 135674085
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022 A000002 NATIONSBANK MONTGOMERY SECURITIES
022 B000002 750520130
022 C000002    486339
022 D000002     29904
022 A000003 LEHMAN BROTHERS, INC.
022 B000003 132518466
022 C000003    438600
022 D000003         0
022 A000004 MORGAN (JP) SECURITIES
022 B000004 133224016
022 C000004    397274
022 D000004     19902
022 A000005 GOLDMAN SACHS & CO.
022 B000005 135108880
022 C000005    413318
022 D000005         0
022 A000006 ASSOCIATES CORP OF NORTH AMERICA
022 B000006 741494554
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022 A000008 BANCAMERICA SECURITIES
      PAGE  2
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SIGNATURE   J. JERRY INSKEEP JR.
TITLE       PRESIDENT

EX-27

 

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
AUDITED ANNUAL REPORT OF THE COLUMBIA FUNDS DATED DECEMBER 31, 1999, AND
THE AUDITED ANNUAL REPORT OF THE COLUMBIA FUNDS DATED DECEMBER 31, 1998,
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.

<CIK> 0000022082
<NAME> COLUMBIA DAILY INCOME COMPANY

                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-START>                             JAN-01-1999
<PERIOD-END>                               DEC-31-1999
<INVESTMENTS-AT-COST>                    1,169,732,677
<INVESTMENTS-AT-VALUE>                   1,169,732,677
<RECEIVABLES>                                4,545,703
<ASSETS-OTHER>                               4,000,000
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                           1,178,278,380
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                   12,988,968
<TOTAL-LIABILITIES>                         12,988,968
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                 1,165,289,412
<SHARES-COMMON-STOCK>                    1,165,289,412
<SHARES-COMMON-PRIOR>                    1,109,141,211
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                             1,165,289,412
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                           58,656,221
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               7,038,691
<NET-INVESTMENT-INCOME>                     51,617,530
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                       51,617,530
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                   51,617,530
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                  1,662,164,367
<NUMBER-OF-SHARES-REDEEMED>              1,657,605,607
<SHARES-REINVESTED>                         51,589,441
<NET-CHANGE-IN-ASSETS>                      56,148,201
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        5,232,688
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              7,118,819
<AVERAGE-NET-ASSETS>                     1,120,672,008
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                   .046
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                              .046
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                   0.64


 

EX-99

Report of Independent Accountants

To the Board of Directors and Shareholders of
Columbia Daily Income Company

In planning and performing our audit of the
financial statements of Columbia Daily Income
Company (the Fund) for the year ended December 31,
1999, 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, 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 controls may become inadequate
because of changes in conditions or that the
effectiveness of their 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 December 31, 1999.

This report is intended solely for the information
and use of the Board of Directors, 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
Portland, Oregon
February 4, 2000