COLONIAL GOVERNMENT MONEY MARKET FUND
           COLONIAL ADJUSTABLE RATE U.S. GOVERNMENT FUND
                   COLONIAL U.S. GOVERNMENT FUND
                   COLONIAL GROWTH SHARES FUND
                 COLONIAL FEDERAL SECURITIES FUND
                          THE COLONIAL FUND
                     COLONIAL GLOBAL EQUITY FUND
                COLONIAL GLOBAL NATURAL RESOURCES FUND
                   COLONIAL STRATEGIC BALANCED FUND
                COLONIAL INTERNATIONAL FUND FOR GROWTH
                       COLONIAL SMALL STOCK FUND
                     COLONIAL U.S. FUND FOR GROWTH

            Supplement to Statement of Additional Information


The following Trustees are being added under the sub-caption
Trustees and Officers under the caption MANAGEMENT OF THE
FUNDS:

Robert J. Birnbaum(1), Trustee, is a Trustee (formerly
Special Counsel, Dechert, Price & Rhoads; President and
Chief Operating Officer, New York Stock Exchange, Inc.), 
313 Bedford Road, Ridgewood, NJ 07450

James E. Grinnell(1), Trustee, is a Private Investor, 
22 Harbor Avenue, Marblehead, MA 01945

Richard W. Lowry(1), Trustee, is a Private Investor, 
10701 Charleston Drive, Vero Beach, FL 32963

(1)  Elected to the Colonial Funds Complex on April 21,
     1995.

The first paragraph under the sub-caption Reinvestment
Privilege under the caption INVESTOR SERVICES is revised in
its entirety as follows:

An investor who has redeemed Class A, B or D shares may,
upon request, reinvest within one year a portion or all of
the proceeds of such sale in shares of the same Class of any
Colonial fund at the NAV next determined after CISC receives
a written reinvestment request and payment.  Any CDSC paid
at the time of the redemption will be credited to the
shareholder upon reinvestment.  The period between the
redemption and the reinvestment will not be counted in aging
the reinvested shares for purposes of calculating any CDSC
or conversion date.  Investors who desire to exercise this
Privilege should contact their FSF or CISC.  Shareholders
may exercise this Privilege an unlimited number of times.
Exercise of this Privilege does not alter the federal income
tax treatment of any capital gains realized on the prior
sale of Fund shares, but to the extent any such shares were
sold at a loss, some or all of the loss may be disallowed
for tax purposes.  Consult your tax adviser.




D-942A-0595                                            June 1, 1995