77O Transactions effected pursuant to Rule 10f-3
Columbia Mid Cap Growth Fund (Fund)

On April 19, 2004, Columbia Mid Cap Growth Fund (Fund) purchased 145,750
par value of equity of Community Health Sys Inc New (Securities) for
a total purchase price of $3,570,875.00 from Goldman Sachs & Co to a public
offering in which Banc of America Securities acted as a participating
underwriter. Banc of America Securities may be considered to be an affiliate of
the Fund.

The following information was collected pursuant to Rule 10f-3 procedures
adopted by the Fund's Trustees:

o        The Fund's advisor, Columbia Management Advisors, Inc. believed that
         the gross underwriting spread associated with the purchase of the
         Securities was reasonable and fair compared to the spreads in
         connection with similar underwritings of similar securities being sold
         during a comparable period of time;

o        The Securities were offered pursuant to an underwriting or similar
         agreement under which the underwriters were committed to purchase all
         of the Securities being offered;

o        The issuer of the Securities has been in continuous operation for at
         least three years;

o        The amount of Securities purchased did not exceed 25% of the amount
         of the offering;

o        The Securities were to be purchased at not more than the public
         offering price no later than the first day of the offering.

Along with Banc of America Securities, the following is a list of members of the
underwriting syndicate for the aforementioned Securities: Goldman Sachs & Co.;
JP Morgan; Credit Suisse First Boston Corp.; Merrill Lynch & Co,; Wachovia
Securities, Inc.; BNP Paribas; BNY Capital Markets; UBS; Wells Fargo Securities;
Bear Stearns & co., Inc.; Morgan Stanley & Co, International; Lehman Brothers;
Suntrust Capital Markets; Deutsche Bank AG London; Lehman Brothers Intl (Europe)
Merrill Lynch International Ltd; Deutsche Bank Securities Inc; Banc One Capital
Markets; Credit Lyonnais; Scotia Capital Markets; Citigroup; Harris Nesbit
Thomson Securities; Calyon Securities USA Inc; Natexis Bleichroeder Inc.;
ABN Amro; Dresdner Kleinwort Wasserstein Sec; Mizuho International PLC; Bank of
New York; Barclays Capital; Harris Nesbitt; RBS Greenwich Capital;
Societe Generale; Williams Capital Group LP; Royal Bank of Scotland PLC (US);
SG Americas Securities LLC; Natcity Investments; PNC Capital Markets; Mitsubishi
Securities International; HSBC Securities.



77O Transactions effected pursuant to Rule 10f-3
Columbia Mid Cap Growth Fund (Fund)

On October 27, 2004, Columbia Mid Cap Growth Fund (Fund) purchased 31,700
par value of equity of Dreamworks Animation SKG (Securities) for
a total purchase price of $887,600.00 from JP Morgan Securities to a public
offering in which Banc of America Securities acted as a participating
underwriter. Banc of America Securities may be considered to be an affiliate of
the Fund.

The following information was collected pursuant to Rule 10f-3 procedures
adopted by the Fund's Trustees:

o        The Fund's advisor, Columbia Management Advisors, Inc. believed that
         the gross underwriting spread associated with the purchase of the
         Securities was reasonable and fair compared to the spreads in
         connection with similar underwritings of similar securities being sold
         during a comparable period of time;

o        The Securities were offered pursuant to an underwriting or similar
         agreement under which the underwriters were committed to purchase all
         of the Securities being offered;

o        The issuer of the Securities has been in continuous operation for at
         least three years;

o        The amount of Securities purchased did not exceed 25% of the amount
         of the offering;

o        The Securities were to be purchased at not more than the public
         offering price no later than the first day of the offering.

Along with Banc of America Securities, the following is a list of members of the
underwriting syndicate for the aforementioned Securities: Goldman Sachs & Co.;
JP Morgan; Credit Suisse First Boston Corp.; Merrill Lynch & Co,; Wachovia
Securities, Inc.; BNP Paribas; BNY Capital Markets; UBS; Wells Fargo Securities;
Bear Stearns & co., Inc.; Morgan Stanley & Co, International; Lehman Brothers;
Suntrust Capital Markets; Deutsche Bank AG London; Lehman Brothers Intl (Europe)
Merrill Lynch International Ltd; Deutsche Bank Securities Inc; Banc One Capital
Markets; Credit Lyonnais; Scotia Capital Markets; Citigroup; Harris Nesbit
Thomson Securities; Calyon Securities USA Inc; Natexis Bleichroeder Inc.;
ABN Amro; Dresdner Kleinwort Wasserstein Sec; Mizuho International PLC; Bank of
New York; Barclays Capital; Harris Nesbitt; RBS Greenwich Capital;
Societe Generale; Williams Capital Group LP; Royal Bank of Scotland PLC (US);
SG Americas Securities LLC; Natcity Investments; PNC Capital Markets; Mitsubishi
Securities International; HSBC Securities.