COLUMBIA NEWPORT GREATER CHINA FUND
                           COLUMBIA NEWPORT TIGER FUND
                                  (the "Funds")
              Supplement to Prospectuses dated January 1, 2005 and
        to the Statement of Additional Information dated January 1, 2005,
                            as revised July 12, 2005
                  (Replacing Supplement dated October 5, 2005)


I.   Effective October 10, 2005, Columbia Newport Greater China Fund will change
     its name to  Columbia  Greater  China  Fund;  accordingly,  all  references
     throughout the  prospectuses  and Statement of Additional  Information  are
     changed as appropriate.

II.  At a meeting held on September 28, 2005,  shareholders of Columbia  Newport
     Tiger Fund approved the  reorganization of Columbia Newport Tiger Fund into
     Columbia  International  Stock  Fund,  Inc.  (the  "Reorganization").   The
     Reorganization  took  place on October  10,  2005.  Accordingly,  effective
     October 10, 2005,  all  references  to Columbia  Newport  Tiger Fund in the
     Statement of Additional Information are removed.


   SUP-39/91110-1005                                            October 7, 2005