-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, VYjUyoVIumv9nzlPaW77d+NWVy4KlOMjhwtWTey7BUN1N4aBNV2qCxTvyQAOINEP Layof0hVmkB6+laD2GNK/g== 0000021832-04-000190.txt : 20041015 0000021832-04-000190.hdr.sgml : 20041015 20041015164405 ACCESSION NUMBER: 0000021832-04-000190 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20041015 DATE AS OF CHANGE: 20041015 EFFECTIVENESS DATE: 20041015 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COLUMBIA FUNDS TRUST II CENTRAL INDEX KEY: 0000315665 IRS NUMBER: 046452949 FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-66976 FILM NUMBER: 041081443 BUSINESS ADDRESS: STREET 1: ONE FINANCIAL CENTER CITY: BOSTON STATE: MA ZIP: 02111 BUSINESS PHONE: 6174263750 FORMER COMPANY: FORMER CONFORMED NAME: LIBERTY FUNDS TRUST II DATE OF NAME CHANGE: 19991015 FORMER COMPANY: FORMER CONFORMED NAME: COLONIAL TRUST II / DATE OF NAME CHANGE: 19950926 FORMER COMPANY: FORMER CONFORMED NAME: COLONIAL MONEY MARKET FUND DATE OF NAME CHANGE: 19920703 497 1 master.txt OFFICERS COLUMBIA FUNDS TRUST I Columbia High Yield Opportunity Fund Columbia Strategic Income Fund COLUMBIA FUNDS TRUST II Columbia Money Market Fund COLUMBIA FUNDS TRUST III Columbia Global Equity Fund Columbia Contrarian Income Fund Columbia Intermediate Government Income Fund Columbia Quality Plus Bond Fund Columbia Corporate Bond Fund COLUMBIA FUNDS TRUST IV Columbia Tax-Exempt Fund Columbia Tax-Exempt Insured Fund Columbia Utilities Fund Columbia Municipal Money Market Fund COLUMBIA FUNDS TRUST V Columbia Large Company Index Fund Columbia U.S. Treasury Index Fund Columbia Small Company Index Fund COLUMBIA FUNDS TRUST VIII Columbia Income Fund Columbia Intermediate Bond Fund The funds listed above are all referred to collectively as the "Funds" and the Trusts listed above are all referred to collectively as the "Trusts." SUPPLEMENT TO THE STATEMENT OF ADDITIONAL INFORMATION The disclosure following the caption "Trustees and Officers" located in the section "Management of the Funds" in Part 2 of the Statement of Information is restated in its entirety: TRUSTEES AND OFFICERS (THIS SECTION APPLIES TO ALL OF THE FUNDS) The Trustees and officers serve terms of indefinite duration. The names, addresses and ages of the Trustees and officers of the Fund Complex, the year each was first elected or appointed to office, their principal business occupations during at least the last five years, the number of portfolios overseen by each Trustee and other directorships they hold are shown below.
Number of Portfolios Year First in Fund Elected or Complex Name, Address Position Appointed Principal Occupation(s) Overseen Other and Age with Funds to Office(1) During Past Five Years by Trustee Directorships Held ------- ---------- ------------ ---------------------- ---------- ------------------ DISINTERESTED TRUSTEES Douglas A. Hacker Trustee 1996 Executive Vice President - 118 Orbitz, Inc. (Age 48) Strategy of United Airlines (on-line travel P.O. Box 66100 (airline) since December, 2002 company) Chicago, IL 60666 (formerly President of UAL Loyalty Services (airline) from September, 2001 to December, 2002; Executive Vice President and Chief Financial Officer of United Airlines from March, 1999 to September, 2001; Senior Vice President-Finance from March, 1993 to July, 1999).
Number of Portfolios Year First in Fund Elected or Complex Name, Address Position Appointed Principal Occupation(s) Overseen Other and Age with Funds to Office(1) During Past Five Years by Trustee Directorships Held ------- ---------- ------------ ---------------------- ---------- ------------------ DISINTERESTED TRUSTEES Janet Langford Kelly Trustee 1996 Private Investor since March, 118 None (Age 46) 2004 (formerly Chief 9534 W. Gull Lake Administrative Officer and Drive Senior Vice President, Kmart Richland, MI Holding Corporation (consumer 49083-8530 goods), from September, 2003 to March, 2004; Executive Vice President-Corporate Development and Administration, General Counsel and Secretary, Kellogg Company (food manufacturer), from September, 1999 to August, 2003; Senior Vice President, Secretary and General Counsel, Sara Lee Corporation (branded, packaged, consumer-products manufacturer) from January, 1995 to September, 1999). Richard W. Lowry Trustee 1995 Private Investor since August, 120(3) None (Age 68) 1987 (formerly Chairman and 10701 Charleston Drive Chief Executive Officer, U.S. Vero Beach, FL 32963 Plywood Corporation (building products manufacturer)).
Number of Portfolios Year First in Fund Elected or Complex Name, Address Position Appointed Principal Occupation(s) Overseen Other and Age with Funds to Office(1) During Past Five Years by Trustee Directorships Held ------- ---------- ------------ ---------------------- ---------- ------------------ DISINTERESTED TRUSTEES Charles R. Nelson Trustee 1981 Professor of Economics, 118 None (Age 62) University of Washington, since Department of January, 1976; Ford and Louisa Economics Van Voorhis Professor of University of Political Economy, University of Washington Washington, since September, Seattle, WA 98195 1993 (formerly Director, Institute for Economic Research, University of Washington from September, 2001 to June, 2003) Adjunct Professor of Statistics, University of Washington, since September, 1980; Associate Editor, Journal of Money Credit and Banking, since September, 1993; consultant on econometric and statistical matters. John J. Neuhauser Trustee 1985 Academic Vice President and Dean 121(3,4) Saucony, Inc. (Age 61) of Faculties since August, 1999, (athletic 84 College Road Boston College (formerly Dean, footwear) Chestnut Hill, MA Boston College School of 02467-3838 Management from September, 1977 to September, 1999). Patrick J. Simpson Trustee 2000 Partner, Perkins Coie L.L.P. 118 None (Age 60) (law firm). 1120 N.W. Couch Street Tenth Floor Portland, OR 97209-4128
Number of Portfolios Year First in Fund Elected or Complex Name, Address Position Appointed Principal Occupation(s) Overseen Other and Age with Funds to Office(1) During Past Five Years by Trustee Directorships Held ------- ---------- ------------ ---------------------- ---------- ------------------ DISINTERESTED TRUSTEES Thomas E. Stitzel Trustee 1998 Business Consultant since 1999 118 None (Age 68) (formerly Professor of Finance 2208 Tawny Woods Place from 1975 to 1999, College of Boise, ID 83706 Business, Boise State University); Chartered Financial Analyst. Thomas C. Theobald Trustee 1996 Partner and Senior Advisor, 118 Anixter (Age 67)(5) and Chicago Growth Partners (private International 303 W. Madison Chairman equity investing) since (network support Suite 2500 of the September, 2004 (formerly equipment Chicago, IL 60606 Board Managing Director, William Blair distributor); Capital Partners (private equity Ventas, Inc. investing) from September, 1994 (real estate to September, 2004). investment trust); Jones Lang LaSalle (real estate management services) and MONY Group (life insurance) Anne-Lee Verville Trustee 1998 Retired since 1997 (formerly 119(4) Chairman of the (Age 59) General Manager, Global Board of 359 Stickney Hill Road Education Industry, IBM Directors, Enesco Hopkinton, NH 03229 Corporation (computer and Group, Inc. technology) from 1994 to 1997). (designer, importer and distributor of giftware and collectibles)
Number of Portfolios Year First in Fund Elected or Complex Name, Address Position Appointed Principal Occupation(s) Overseen Other and Age with Funds to Office(1) During Past Five Years by Trustee Directorships Held ------- ---------- ------------ ---------------------- ---------- ------------------ DISINTERESTED TRUSTEES Richard L. Woolworth Trustee 1991 Retired since December 2003 118 Northwest Natural (Age 63) (formerly Chairman and Chief Gas Co. (natural 100 S.W. Market Street Executive Officer, The Regence gas service #1500 Group (regional health insurer); provider) Portland, OR 97207 Chairman and Chief Executive Officer, BlueCross BlueShield of Oregon; Certified Public Accountant, Arthur Young & Company)
Number of Portfolios Year First in Fund Elected or Complex Name, Address Position Appointed Principal Occupation(s) Overseen Other and Age with Funds to Office(1) During Past Five Years by Trustee Directorships Held ------- ---------- ------------ ---------------------- ---------- ------------------ INTERESTED TRUSTEE William E. Mayer(2) Trustee 1994 Managing Partner, Park Avenue 120(3) Lee Enterprises (Age 64) Equity Partners (private equity) (print media), WR 399 Park Avenue since February, 1999 (formerly Hambrecht + Co. Suite 3204 Founding Partner, Development (financial New York, NY 10022 Capital LLC from November 1996 service to February, 1999). provider); First Health (healthcare); Reader's Digest (publishing); OPENFIELD Solutions (retail industry technology provider)
(1) In October 2003, the trustees of the Liberty Funds and Stein Roe Funds (both as defined in Part 1 of this SAI) were elected to the boards of the Columbia Funds; simultaneous with that election, Patrick J. Simpson and Richard L. Woolworth, who had been directors/trustees of the Columbia Funds were appointed to serve as trustees of the Liberty Funds and Stein Roe Funds. The date shown is the earliest date on which a trustee/director was elected or appointed to the board of a Fund in the Fund Complex. (2) Mr. Mayer is an "interested person" (as defined in the Investment Company Act of 1940 (1940 Act)) by reason of his affiliation with WR Hambrecht + Co. (3) Messrs. Lowry, Neuhauser and Mayer also serve as directors/trustees of the All-Star Funds (as defined in Part 1 of this SAI). (4) Mr. Neuhauser and Ms. Verville also serve as disinterested directors of Columbia Management Multi-Strategy Hedge Fund, LLC, which is advised by the Advisor. (5) Mr. Theobald was appointed as Chairman of the Board effective December 10, 2003.
Year First Elected or Name, Address Position Appointed Principal Occupation(s) and Age with Funds to Office During Past Five Years ------- ---------- --------- ---------------------- OFFICERS Christopher L. Wilson President 2004 President of the Columbia Funds, Liberty Funds and Stein Roe (Age 47) Funds since October, 2004 (formerly President and Chief One Financial Center Executive Officer, CDC IXIS Asset Management Services, Inc. from Boston, MA 02111 September, 1998 to August, 2004). J. Kevin Connaughton Treasurer 2000 Treasurer of the Columbia Funds since October, 2003 and of the (Age 39) Liberty Funds, Stein Roe Funds and All-Star Funds since One Financial Center December, 2000; Vice President of the Advisor since April, 2003 Boston, MA 02111 (formerly President of the Columbia Funds, Liberty Funds and Stein Roe Funds from February, 2004 to October, 2004; Chief Accounting Officer and Controller of the Liberty Funds and of the All-Star Funds from February, 1998 to October, 2000); Treasurer of the Galaxy Funds since September, 2002; Treasurer, Columbia Management Multi-Strategy Hedge Fund, LLC since December, 2002 (formerly Vice President of Colonial Management Associates, Inc. from February, 1998 to October, 2000). Mary Joan Hoene Senior 2004 Senior Vice President and Chief Compliance Officer of the (Age 54) Vice Columbia Funds, Liberty Funds and Stein Roe Funds since August, 40 West 57th Street President 2004; Chief Compliance Officer of the All-Star Funds since New York, NY 10019 and Chief August, 2004 (formerly Partner, Carter, Ledyard & Milburn LLP Compliance from January, 2001 to August, 2004; Counsel, Carter, Ledyard & Officer Milburn LLP from November, 1999 to December, 2000; Vice President and Counsel, Equitable Life Assurance Society of the United States from April, 1998 to November, 1999,). Michael G. Clarke Chief 2004 Chief Accounting Officer of the Columbia Funds, Liberty Funds, (Age 34) Accounting Stein Roe Funds and All-Star Funds since October, 2004 (formerly One Financial Center Officer Controller of the Columbia Funds, Liberty Funds, Stein Roe Funds Boston, MA 02111 and All-Star Funds from May, 2004 to October, 2004; Assistant Treasurer from June, 2002 to May, 2004; Vice President, Product Strategy & Development of the Liberty Funds and Stein Roe Funds from February, 2001 to June, 2002; Assistant Treasurer of the Liberty Funds, Stein Roe Funds and the All-Star Funds from August, 1999 to February, 2001; Audit Manager, Deloitte & Touche LLP from May, 1997 to August, 1999).
Year First Elected or Name, Address Position Appointed Principal Occupation(s) and Age with Funds to Office During Past Five Years ------- ---------- --------- ---------------------- OFFICERS Jeffrey R. Coleman Controller 2004 Controller of the Columbia Funds, Liberty Funds, Stein Roe Funds (Age 34) and All-Star Funds since October, 2004 (formerlyVice President of CDC IXIS Asset One Financial Center Management Services, Inc. and Deputy Treasurer of Boston, MA 02111 The CDC Nvest Funds and Loomis Sayles Funds from February, 2003 to September, 2004; Assistant Vice President of CDC IXIS Asset Management Services, Inc. and Assistant Treasurer of the CDC Nvest Funds from August, 2000 to February, 2003; Tax Manager of PFPC, Inc. from November, 1996 to August, 2000). David A. Rozenson Secretary 2003 Secretary of the Columbia Funds, Liberty Funds, Stein Roe Funds (Age 50) and All-Star Funds since December, 2003; Senior Counsel, Bank of One Financial Center America Corporation (formerly FleetBoston Financial Corporation) Boston, MA 02111 since January, 1996; Associate General Counsel, Columbia Management Group since November, 2002.
G-35/296T-1004 October 15, 2004 COLUMBIA FUNDS TRUST I Columbia Tax-Managed Growth Fund Columbia Tax-Managed Growth Fund II* Columbia Tax-Managed Value Fund Columbia Tax-Managed Aggressive Growth Fund COLUMBIA FUNDS TRUST II Columbia Newport Greater China Fund COLUMBIA FUNDS TRUST III Columbia Mid Cap Value Fund Columbia Liberty Fund Columbia Federal Securities Fund COLUMBIA FUNDS TRUST V Columbia California Tax-Exempt Fund* Columbia Connecticut Tax-Exempt Fund* Columbia Massachusetts Tax-Exempt Fund* Columbia New York Tax-Exempt Fund* Columbia Intermediate Tax-Exempt Bond Fund* Columbia Massachusetts Intermediate Municipal Bond Fund* Columbia Connecticut Intermediate Municipal Bond Fund* Columbia New Jersey Intermediate Municipal Bond Fund* Columbia New York Intermediate Municipal Bond Fund* Columbia Rhode Island Intermediate Municipal Bond Fund* Columbia Florida Intermediate Municipal Bond Fund* Columbia Pennsylvania Intermediate Municipal Bond Fund* COLUMBIA FUNDS TRUST VI Columbia Growth & Income Fund Columbia Small Cap Value Fund Columbia Newport Asia Pacific Fund COLUMBIA FUNDS TRUST VII Columbia Newport Tiger Fund Columbia Europe Fund* COLUMBIA FUNDS TRUST VIII Columbia High Yield Municipal Fund* Columbia Managed Municipals Fund* COLUMBIA FUNDS TRUST IX Columbia High Yield Municipal Fund Columbia Managed Municipals Fund COLUMBIA FUNDS TRUST XI Columbia Young Investor Fund Columbia Growth Stock Fund Columbia Global Thematic Equity Fund* Columbia European Thematic Equity Fund* Columbia Asset Allocation Fund* Columbia Dividend Income Fund* Columbia Large Cap Core Fund* Columbia International Equity Fund* Columbia Large Cap Growth Fund* Columbia Disciplined Value Fund* Columbia Small Cap Fund* Columbia Small Company Equity Fund* The funds listed above are all referred to collectively as the "Funds" and the Trusts listed above are all referred to collectively as the "Trusts". SUPPLEMENT TO THE STATEMENTS OF ADDITIONAL INFORMATION (REPLACING SUPPLEMENT DATED MARCH 31, 2004 Each Fund's Statement of Additional Information is amended as follows: 1. Effective March 1, 2004, PricewaterhouseCoopers LLP, located at 125 High Street, Boston, Massachusetts 02110-1707, replaced Ernst & Young LLP as independent accountants for all of the Funds. PricewaterhouseCoopers LLP provides audit and tax return review services, and assistance and consultation in connection with the review of various Securities and Exchange Commission filings. (Relevant to funds with asterisk.) 2. Effective June 18, 2003, Salvatore Macera retired as a Trustee from the Board of Trustees/Managers. 3. At the June, 2003 Board of Trustees meeting the Trustees approved the following changes to the compensation for the Trustees: The Trustees serve as trustees of all open-end funds managed by Columbia Management Advisors, Inc. for which each Trustee will receive an annual retainer of $45,000 and attendance fees of $9,500 for each regular and special joint board meeting and $1,000 for each special telephonic joint board meeting. The Chairman of the Board receives an annual retainer of $40,000. All committee chairs, except the Audit Committee chair, receive an annual retainer of $5,000 and Committee chairs receive $1,500 for each special committee meeting attended on a day other than a regular joint board meeting day. The Audit Committee chair receives an annual retainer of $10,000 and receives $2,000 for each Audit Committee meeting. Committee members receive $1,500 for each special committee meeting attended on a day other than a regular joint board meeting day. Two-thirds of the Trustee fees are allocated among the Funds based on each Fund's relative net assets and one-third of the fees is divided equally among the Funds. 4. Each of the committees listed under the section TRUSTEES AND TRUSTEES' FEES have had a change in the committee members. The following changes were effective October 8, 2003: AUDIT COMMITTEE Ms. Verville and Messrs. Hacker, Stitzel and Woolworth are members of the Audit Committee of the Board of Trustees of the Funds. Prior to October 8, 2003, Ms. Verville and Messrs. Hacker, Nelson and Neuhauser were members of the Audit Committee of the Board of Trustees of the Funds. GOVERNANCE COMMITTEE Messrs. Lowry, Mayer, Simpson and Theobald are members of the Governance Committee of the Board of Trustees of the Funds. Prior to October 8, 2003, Ms. Verville and Messrs. Hacker, Lowry, Mayer and Theobald were members of the Governance Committee of the Board of Trustees of the Funds. ADVISORY FEES & EXPENSES COMMITTEE Ms. Kelly and Messrs. Mayer, Nelson and Neuhauser are members of the Advisory Fees and Expenses Committee of the Board of Trustees of the Funds. Prior to October 8, 2003, Ms. Kelly and Messrs. Mayer, Neuhauser, Stitzel and Theobald were members of the Advisory Fees and Expenses Committee of the Board of Trustees of the Funds. 5. The paragraph Trading Oversight Committee under the section TRUSTEES AND TRUSTEES' FEES is replaced with the following: INVESTMENT OVERSIGHT COMMITTEES Beginning in 2004, each Trustee of the Funds also began serving on an Investment Oversight Committee ("IOC"). Each IOC is responsible for monitoring, on an ongoing basis, a select group of funds in the Fund Complex and gives particular consideration to such matters as the Funds' adherence to their investment mandates, historical performance, changes in investment processes and personnel, and proposed changes to investment objectives. Investment personnel who manage the Funds attend IOC meetings from time to time to assist each IOC in its review of the Funds. Each IOC meets four times a year. The following are members of the respective IOCs and the general categories of funds in the Fund Complex which they review: IOC #1: Messrs. Lowry, Mayer and Neuhauser are responsible for reviewing funds in the following asset categories: Large Growth Diversified, Large Growth Concentrated, Small Growth, Outside Managed (i.e., sub-advised), Municipal and Bank Loan. IOC #2: Mr. Hacker and Ms. Verville are responsible for reviewing funds in the following asset categories: Large Blend, Small Blend, Foreign Stock, Fixed Income - Multi Sector, Fixed Income - Core and Young Investor. IOC#3: Messrs. Theobald and Stitzel and Ms. Kelly are responsible for reviewing funds in the following asset categories: Large Value, Mid Cap Value, Small Value, Asset Allocation, High Yield and Money Market. IOC#4: Messrs. Nelson, Simpson and Woolworth are responsible for reviewing funds in the following asset categories: Large/Multi-Cap Blend, Mid Cap Growth, Small Growth, Asset Allocation, Specialty Equity and Taxable Fixed Income. 6. On October 7, 2003 the Board of Trustees/Managers of the Trusts elected Patrick J. Simpson and Richard L. Woolworth as new trustees of the Trusts. 7. The following table sets forth the compensation paid to Messrs. Simpson and Woolworth in their capacities as Trustees of the Columbia Board:
Total Compensation from the Columbia Funds Complex Paid to the Trustee Trustees for the Calendar Year Ended December 31, 2003 - ------- ------------------------------------------------------ Patrick J. Simpson $64,234 Richard L. Woolworth 64,234
8. As of December 31, 2003, Messrs. Simpson and Woolworth did not own any shares of the Funds. Under the heading SHARE OWNERSHIP under the section TRUSTEES AND TRUSTEES' FEES the column "Aggregate Dollar Range of Equity Securities Owned in All Funds Overseen by Trustee in Columbia Funds Complex" is revised as follows: The following table shows the dollar range of equity securities beneficially owned by each Trustee as of December 31, 2003 (i) in each Fund and (ii) in the funds in the Fund Complex:
Aggregate Dollar Range of Equity Securities Owned in All Funds Overseen by Trustee in Name of Trustee Fund Complex --------------- ------------ DISINTERESTED TRUSTEES Patrick J. Simpson $50,001-$100,000 Richard L. Woolworth Over $100,000
9. The disclosure following the caption "Trustees and Officers" located in the section "Management of the Funds" in Part 2 of the Statement of Information is restated in its entirety: TRUSTEES AND OFFICERS (THIS SECTION APPLIES TO ALL OF THE FUNDS) The Trustees and officers serve terms of indefinite duration. The names, addresses and ages of the Trustees and officers of the Fund Complex, the year each was first elected or appointed to office, their principal business occupations during at least the last five years, the number of portfolios overseen by each Trustee and other directorships they hold are shown below.
Number of Year First Portfolios in Elected or Fund Complex Other Name, Address Position Appointed to Principal Occupation(s) Overseen Directorships and Age with Funds Office(1) During Past Five Years by Trustee Held - -------------------------- ---------- ------------ --------------------------------------------- ------------- ---------------- DISINTERESTED TRUSTEES Douglas A. Hacker (Age 48) Trustee 1996 Executive Vice President - Strategy of United 118 Orbitz, Inc. P.O. Box 66100 Airlines (airline) since December, 2002 (on-line travel Chicago, IL 60666 (formerly President of UAL Loyalty Services company) (airline) from September, 2001 to December, 2002; Executive Vice President and Chief Financial Officer of United Airlines from March, 1999 to September, 2001; Senior Vice President-Finance from March, 1993 to July, 1999).
Number of Year First Portfolios in Elected or Fund Complex Other Name, Address Position Appointed to Principal Occupation(s) Overseen Directorships and Age with Funds Office(1) During Past Five Years by Trustee Held - -------------------------- ---------- ------------ --------------------------------------------- ------------- ---------------- DISINTERESTED TRUSTEES Janet Langford Kelly Trustee 1996 Private Investor since March, 2004 (formerly 118 None (Age 46) Chief Administrative Officer and Senior Vice 9534 W. Gull Lake Drive President, Kmart Holding Corporation (consumer Richland, MI 49083-8530 goods), from September, 2003 to March, 2004; Executive Vice President-Corporate Development and Administration, General Counsel and Secretary, Kellogg Company (food manufacturer), from September, 1999 to August, 2003; Senior Vice President, Secretary and General Counsel, Sara Lee Corporation (branded, packaged, consumer-products manufacturer) from January, 1995 to September, 1999). Richard W. Lowry (Age 68) Trustee 1995 Private Investor since August, 1987 (formerly 120(3) None 10701 Charleston Drive Chairman and Chief Executive Officer, U.S. Vero Beach, FL 32963 Plywood Corporation (building products manufacturer)).
Number of Year First Portfolios in Elected or Fund Complex Other Name, Address Position Appointed to Principal Occupation(s) Overseen Directorships and Age with Funds Office(1) During Past Five Years by Trustee Held - -------------------------- ---------- ------------ --------------------------------------------- ------------- ---------------- DISINTERESTED TRUSTEES Charles R. Nelson (Age 62) Trustee 1981 Professor of Economics, University of 118 None Department of Economics Washington, since January, 1976; Ford and University of Washington Louisa Van Voorhis Professor of Political Seattle, WA 98195 Economy, University of Washington, since September, 1993 (formerly Director, Institute for Economic Research, University of Washington from September, 2001 to June, 2003) Adjunct Professor of Statistics, University of Washington, since September, 1980; Associate Editor, Journal of Money Credit and Banking, since September, 1993; consultant on econometric and statistical matters. John J. Neuhauser (Age 61) Trustee 1985 Academic Vice President and Dean of Faculties 121(3,4) Saucony, Inc. 84 College Road since August, 1999, Boston College (formerly (athletic Chestnut Hill, MA Dean, Boston College School of Management footwear) 02467-3838 from September, 1977 to September, 1999). Patrick J. Simpson Trustee 2000 Partner, Perkins Coie L.L.P. (law firm). 118 None (Age 60) 1120 N.W. Couch Street Tenth Floor Portland, OR 97209-4128
Number of Year First Portfolios in Elected or Fund Complex Other Name, Address Position Appointed to Principal Occupation(s) Overseen Directorships and Age with Funds Office(1) During Past Five Years by Trustee Held - -------------------------- ---------- ------------ --------------------------------------------- ------------- ---------------- DISINTERESTED TRUSTEES Thomas E. Stitzel (Age 68) Trustee 1998 Business Consultant since 1999 (formerly 118 None 2208 Tawny Woods Place Professor of Finance from 1975 to 1999, Boise, ID 83706 College of Business, Boise State University); Chartered Financial Analyst. Thomas C. Theobald Trustee and 1996 Partner and Senior Advisor, Chicago Growth 118 Anixter (Age 67) 5 Chairman of Partners (private equity investing) since International 303 W. Madison the Board September, 2004 (formerly Managing Director, (network support Suite 2500 William Blair Capital Partners (private equipment Chicago, IL 60606 equity investing) from September, 1994 to distributor); September, 2004). Ventas, Inc. (real estate investment trust); Jones Lang LaSalle (real estate management services) and MONY Group (life insurance) Anne-Lee Verville (Age 59) Trustee 1998 Retired since 1997 (formerly General Manager, 119(4) Chairman of the 359 Stickney Hill Road Global Education Industry, IBM Corporation Board of Hopkinton, NH 03229 (computer and technology) from 1994 to 1997). Directors, Enesco Group, Inc. (designer, importer and distributor of giftware and collectibles)
Number of Year First Portfolios in Elected or Fund Complex Other Name, Address Position Appointed to Principal Occupation(s) Overseen Directorships and Age with Funds Office(1) During Past Five Years by Trustee Held - -------------------------- ---------- ------------ --------------------------------------------- ------------- ---------------- DISINTERESTED TRUSTEES Richard L. Woolworth Trustee 1991 Retired since December 2003 (formerly Chairman 118 Northwest (Age 63) and Chief Executive Officer, The Regence Group Natural Gas Co. 100 S.W. Market Street (regional health insurer); Chairman and Chief (natural gas #1500 Executive Officer, BlueCross BlueShield of service Portland, OR 97207 Oregon; Certified Public Accountant, Arthur provider) Young & Company)
Number of Year First Portfolios in Elected or Fund Complex Other Name, Address Position Appointed to Principal Occupation(s) Overseen Directorships and Age with Funds Office(1) During Past Five Years by Trustee Held - -------------------------- ---------- ------------ --------------------------------------------- ------------- ---------------- INTERESTED TRUSTEE William E. Mayer(2) (Age 64) Trustee 1994 Managing Partner, Park Avenue Equity Partners 120(3) Lee Enterprises 399 Park Avenue (private equity) since February, 1999 (print media), Suite 3204 (formerly Founding Partner, Development WR Hambrecht + New York, NY 10022 Capital LLC from November 1996 to February, Co. (financial 1999). service provider); First Health (healthcare); Reader's Digest (publishing); OPENFIELD Solutions (retail industry technology provider)
1 In October 2003, the trustees of the Liberty Funds and Stein Roe Funds (both as defined in Part 1 of this SAI) were elected to the boards of the Columbia Funds; simultaneous with that election, Patrick J. Simpson and Richard L. Woolworth, who had been directors/trustees of the Columbia Funds were appointed to serve as trustees of the Liberty Funds and Stein Roe Funds. The date shown is the earliest date on which a trustee/director was elected or appointed to the board of a Fund in the Fund Complex. 2 Mr. Mayer is an "interested person" (as defined in the Investment Company Act of 1940 (1940 Act)) by reason of his affiliation with WR Hambrecht + Co. 3 Messrs. Lowry, Neuhauser and Mayer also serve as directors/trustees of the All-Star Funds (as defined in Part 1 of this SAI). 4 Mr. Neuhauser and Ms. Verville also serve as disinterested directors of Columbia Management Multi-Strategy Hedge Fund, LLC, which is advised by the Advisor. 5 Mr. Theobald was appointed as Chairman of the Board effective December 10, 2003.
Year First Elected or Name, Address Position Appointed to Principal Occupation(s) and Age with Funds Office During Past Five Years - ------------------------------ ----------- ------------ ------------------------------------------------------------------------- OFFICERS Christopher L. Wilson (Age 47) President 2004 President of the Columbia Funds, Liberty Funds and Stein Roe Funds since One Financial Center October, 2004 (formerly President and Chief Executive Officer, CDC IXIS Boston, MA 02111 Asset Management Services, Inc. from September, 1998 to August, 2004). J. Kevin Connaughton (Age 39) Treasurer 2000 Treasurer of the Columbia Funds since October, 2003 and of the Liberty One Financial Center Funds, Stein Roe Funds and All-Star Funds since December, 2000; Vice Boston, MA 02111 President of the Advisor since April, 2003 (formerly President of the Columbia Funds, Liberty Funds and Stein Roe Funds from February, 2004 to October, 2004; Chief Accounting Officer and Controller of the Liberty Funds and of the All-Star Funds from February, 1998 to October, 2000); Treasurer of the Galaxy Funds since September, 2002; Treasurer, Columbia Management Multi-Strategy Hedge Fund, LLC since December, 2002 (formerly Vice President of Colonial Management Associates, Inc. from February, 1998 to October, 2000). Mary Joan Hoene (Age 54) Senior Vice 2004 Senior Vice President and Chief Compliance Officer of the Columbia Funds, 40 West 57th Street President Liberty Funds and Stein Roe Funds since August, 2004; Chief Compliance New York, NY 10019 and Chief Officer of the All-Star Funds since August, 2004 (formerly Partner, Compliance Carter, Ledyard & Milburn LLP from January, 2001 to August, 2004; Officer Counsel, Carter, Ledyard & Milburn LLP from November, 1999 to December, 2000; Vice President and Counsel, Equitable Life Assurance Society of the United States from April, 1998 to November, 1999,). Michael G. Clarke (Age 34) Chief 2004 Chief Accounting Officer of the Columbia Funds, Liberty Funds, Stein Roe One Financial Center Accounting Funds and All-Star Funds since October, 2004 (formerly Controller of the Boston, MA 02111 Officer Columbia Funds, Liberty Funds, Stein Roe Funds and All-Star Funds from May, 2004 to October, 2004; Assistant Treasurer from June, 2002 to May, 2004; Vice President, Product Strategy & Development of the Liberty Funds and Stein Roe Funds from February, 2001 to June, 2002; Assistant Treasurer of the Liberty Funds, Stein Roe Funds and the All-Star Funds from August, 1999 to February, 2001; Audit Manager, Deloitte & Toche LLP from May, 1997 to August, 1999).
Year First Elected or Name, Address Position Appointed to Principal Occupation(s) and Age with Funds Office During Past Five Years - ------------------------------ ----------- ------------ ------------------------------------------------------------------------- OFFICERS Jeffrey R. Coleman (Age 34) Controller 2004 Controller of the Columbia Funds, Liberty Funds, Stein Roe Funds and One Financial Center All-Star Funds since October, 2004 (formerly Vice President of CDC IXIS Asset Management Services, Inc. and Deputy Treasurer of The CDC Nvest Funds and Loomis Sayles Funds from February, 2003 to September, 2004; Assistant Vice President of CDC IXIS Asset Management Services, Inc. and Assistant Treasurer of the CDC Nvest Funds from August, 2000 to February, 2003; Tax Manager of PFPC, Inc. from November, 1996 to August, 2000). Boston, MA 02111 David A. Rozenson (Age 50) Secretary 2003 Secretary of the Columbia Funds, Liberty Funds, Stein Roe Funds and One Financial Center All-Star Funds since December, 2003; Senior Counsel, Bank of America Boston, MA 02111 Corporation (formerly FleetBoston Financial Corporation) since January, 1996; Associate General Counsel, Columbia Management Group since November, 2002.
G-35/194T-1004 October 15, 2004 -----END PRIVACY-ENHANCED MESSAGE-----