EXHIBIT 10.1

                                COLUMBIA FUNDS*

  FORM OF RULE 12b-1 DISTRIBUTION PLAN APPLYING TO CLASS A, B, D AND G SHARES

         Each of the Columbia Funds (each a "Fund" and together the "Funds")
hereby adopts the following distribution plan (the "Plan") pursuant to Rule
12b-1 (the "Rule") under the Investment Company Act of 1940 (the "Act"), for the
purpose of providing personal service and/or the maintenance of shareholder
accounts and to facilitate the distribution of shares of each Fund. This Plan
applies only to the Class A, Class B, Class D and Class G shares of each Fund.

1.       PLAN

         1.1      CLASS A, B AND D SHARES

                  1.1.1 Each Fund with Class A, B or D shares shall pay to
Liberty Funds Distributors, Inc. , or any other person retained by the Funds
pursuant to the terms of a distribution agreement approved by the Board of
Directors (each such person so acting from time to time, the "Distributor") as
compensation for acting as the distributor of the Fund's shares (i) a service
fee which shall be calculated and accrue daily at an annual rate of up to 0.25%
of the average daily net assets of its Class A, B and D shares and (ii) a
distribution fee which shall be calculated and accrue daily at an annual rate of
up to (x) 0.10% of the average daily net assets of its Class A shares (except
that neither the Columbia International Stock Fund, Inc. nor the Columbia
Strategic Value Fund, Inc. will have a distribution fee for their Class A
shares) and (y) 0.75 % of the average daily net assets of its Class B and D
shares. The initial service and distribution fees for Class A, B and D shares
approved by each Fund's board of directors shall be as set forth on Schedule B
to this Agreement.

                  1.1.2 Payments to the Distributor under subsection 1.1.1(ii)
above pursuant to the terms of a distribution agreement shall be used by the
Distributor to cover expenses and activities primarily intended to result in the
sale of Fund shares. These expenses and activities may include but are not
limited to: (a) direct out-of-pocket promotional expenses incurred by the
Distributor in advertising and marketing Fund shares; (b) expenses incurred in
connection with preparing, printing, mailing, and distributing or publishing
advertisements and sales literature; (c) expenses incurred in connection with
printing and mailing prospectuses and Statements of Additional Information to
other than current shareholders; (d) periodic payments or commissions to one or
more securities dealers, brokers, financial institutions and other industry
professionals ("Service Organizations") with respect to the Funds' shares
beneficially owned by customers for whom the Service Organization is the
shareholder of record; (e) the direct and indirect cost of financing the
payments or expenses included in (a) and (d) above; or (f) such other services
as may be construed by any court or governmental agency or commission, including
the Securities and Exchange Commission (the "Commission"), to constitute
distribution services under the 1940 or rules and regulations thereunder.




-------------------
* See Schedule A to this Plan


         1.2      CLASS G SHARES

                  1.2.1 Each Fund with Class G shares shall pay to (i) a
Distributor, as the distributor of the Class G shares, a distribution fee which
shall be calculated and accrue daily at an annual rate of up to 0.65% of the
average daily net assets of its Class G shares and (ii) Service Organizations an
annual service fee for (x) Shareholder Liaison Services provided with respect to
Class G shares of their customers which shall be calculated and accrue daily at
an annual rate of up to 0.25% of the average daily net assets of the Fund's
Class G shares and (y) Administrative Support Services provided with respect to
Class G shares of their customers which shall be calculated and accrue daily at
an annual rate of up to 0.25% of the average daily net assets of the Fund's
Class G shares, which Class G shares are owned of record or beneficially by the
Service Organization's customers for whom such Service Organization is the
dealer of record or shareholder of record or with whom it has a servicing
relationship. The initial distribution fee and service fees for the Class G
shares approved by each Fund's board of directors shall be as set forth on
Schedule B to this Agreement.

                  1.2.2 Payments to the Distributor under subsection 1.2.1(i)
above shall be used by the Distributor as described in subsection 1.1.2.

                  1.2.3 Payments to a Service Organization under subsection
1.2.1(ii)(x) above for Shareholder Liaison Services shall be provided pursuant
to a shareholder servicing agreement ("Servicing Agreement") approved by the
Fund's Board of Directors. Payments to a Service Organization under subsection
1.2.1(ii)(y) above for Administrative Support Services shall be provided
pursuant to a Servicing Agreement approved by the Fund's Board of Directors. Any
organization providing distribution services to the Funds may also become a
Service Organization and receive fees for Shareholder Liaison Services and
Administrative Support Services pursuant to a Servicing Agreement under this
Plan.

                  1.2.4 Shareholder Liaison Services provided to Class G shares
under the Distribution and Services Plan referred to in subsection 1.2.1(ii)
above means "personal service and/or the maintenance of shareholder accounts"
within the meaning of the Conduct Rules of the National Association of
Securities Dealers, Inc., such as responding to customers inquiries and
providing information on their investments.

                  1.2.5 Administrative Support Services provided to Class G
shares under the Distribution and Services Plan referred to in subsection
1.2.1(ii) above may include, but are not limited to, (a) transfer agent and
subtransfer agent services for beneficial owners of Class G shares; (b)
aggregating and processing purchase and redemption orders; (c) providing
beneficial owners with statements showing their positions in Class G shares; (d)
processing dividend payments; (e) providing sub-accounting services for Class G
shares held beneficially; (f) forwarding shareholder communications, such as
proxies, shareholder reports, divided and tax notices, and updating prospectuses
to beneficial owners; and (g) reviewing, tabulating and transmitting proxies
executed by beneficial owners.

         1.3      Amounts payable under this Section 1 are subject to any
limitations prescribed by applicable laws or rules.

                                       2


2.       PAYMENTS OF FEES UNDER THE PLAN

         Each Fund shall make all payments of service and distribution fees
under this Plan to Liberty Funds Distributor, Inc. (the "Distributor") monthly,
on the 20th day of each month or, if such day is not a business day, on the next
business day thereafter. No Fund shall pay, nor shall the Distributor be
entitled to receive, any amount under this Plan if such payment would result in
the Distributor receiving amounts in excess of those permitted by applicable law
or by rules of the National Association of Securities Dealers, Inc.

3.       REPORTING

         The Distributor shall provide to each Fund's directors, and the
directors shall review, at least quarterly, written reports setting forth all
Plan expenditures, and the purposes for those expenditures.

4.       OTHER PAYMENTS AUTHORIZED

         Nothing in this Plan shall prohibit a Fund's investment adviser from
making payments out of its own funds for distribution or services costs.

5.       EFFECTIVE DATE

         This Plan shall not take effect with respect to a Fund until the Plan,
together with any related agreements, has been approved by votes of a majority
of both (a) the Fund's Board of Directors and (b) those directors of the Fund
who are not "interested persons" of the Fund (as defined in the 1940 Act) and
who have no direct or indirect financial interest in the operation of this Plan
or any agreement related to it (the "independent directors"), cast in person at
a meeting (or meetings) called for the purpose of voting on this Plan and such
related agreements..

6.       CONTINUATION; AMENDMENT; TERMINATION

         This Plan shall continue in effect with respect to Class A, Class B,
Class D and Class G shares only so long as specifically approved for that class
at least annually as provided in the manner provided for in Section 5. The Plan
may not be amended to increase materially the service fee or distribution fee
set forth in Section 1 with respect to a class of shares without approval of a
majority of the outstanding shares of the class, and all material amendments of
the Plan must be approved in the manner provided for approval in Section 5. The
Plan may be terminated with respect to any Fund or to any class of shares at any
time, without payment of any penalty. The continuance of the Plan shall be
effective only if the selection and nomination of the Funds' directors who are
not interested persons (as defined under the Act) of the Funds is effected by
such non-interested directors as required by the Rule.

7.       RECORDS

         Each Fund shall preserve copies of this Plan and any related agreements
and all reports made pursuant Section 3 for a period of not less than six years
from the date of this Plan, any such agreement or any such report, as the case
may be, the first two years in an easily accessible place.

                                            Approved by the Board of Directors
                                            as of July 31, 2002.


                                            By:  _______________________________




                                       3


* SCHEDULE A


Columbia Common Stock Fund, Inc.
Columbia Growth Fund, Inc.
Columbia International Stock Fund, Inc.
Columbia Special Fund, Inc.
Columbia Small Cap Fund, Inc.
Columbia Real Estate Equity Fund, Inc.
Columbia Technology Fund, Inc.
Columbia Strategic Value Fund, Inc
Columbia Balanced Fund, Inc.
         (each of the preceding nine funds, an "equity fund")

Columbia Short Term Bond Fund, Inc.
Columbia Fixed Income Securities Fund, Inc.
Columbia Oregon Municipal Bond Fund, Inc.
Columbia High Yield Fund, Inc.
Columbia National Municipal Bond Fund, Inc.
         (each of the preceding five funds, a "bond fund")



Dated as of the effective date of the Columbia Funds Rule 12b-1 Distribution
Plan

                                      A-1


SCHEDULE B

Initial Service Fees and Distribution Fee for the following classes of shares of
the Funds:

CLASS A:      For all Funds except the International Stock Fund and Strategic
              Value Fund:
              0.15% service fee and
              0.10% distribution fee (0.25% total)

Class A:      For the International Stock Fund and Strategic Value Fund:
              0.25% service fee and
              0.00% distribution fee (0.25% total)

CLASS B:      0.25% service fee and
              0.75% distribution fee (1.00% total)

CLASS D:      0.25% service fee and
              0.75% distribution fee (1.00% total)

CLASS G:
              For each of the equity funds on SCHEDULE A:
                  [0.45%] distribution fee,
                  [0.25%] service fee for Shareholder Liaison Services and
                  [0.25%] service fee for Administrative Support Services
                          (0.95% total)

              For each of the bond funds on SCHEDULE A:
                  [0.40%] distribution fee,
                  [0.20%] service fee for Shareholder Liaison Services and
                  [0.20%] service fee for Administrative Support Services
                          (0.80% total)




Dated as of July 31, 2002




                                      B-1