EXHIBIT 17.5


                                 COLUMBIA FUNDS

                    CLASS T SHARES SHAREHOLDER SERVICES PLAN

         SECTION 1. Upon the recommendation of Columbia Management Company (the
"Administrator"), for each of the Columbia Funds listed on the attached Schedule
A (each, a "Fund"), any officer of the Fund is authorized to execute and deliver
written agreements in substantially the form attached hereto or in any other
form duly approved by the Board of Directors ("Servicing Agreements") with
securities dealers, financial institutions and other industry professionals that
are shareholders or dealers of record or which have a servicing relationship
("Service Organizations") with the beneficial owners of Class T shares of each
Fund listed on the attached schedule. Pursuant to said Agreements, Service
Organizations shall provide administrative support services as set forth therein
to their customers who beneficially own Class T Shares (as described in the
applicable Fund prospectus) of the Funds in consideration of fees, computed and
paid in the manner set forth in the Servicing Agreements, at the annual rate of
up to 0.50% in the aggregate of the net asset value of the Class T Shares
beneficially owned by such customers. The initial fee for administrative support
services approved by each Fund's Board of Directors shall be as set forth on
Schedule A to this Agreement. Any bank, trust company, thrift institution or
broker-dealer is eligible to become a Service Organization and to receive fees
under this Plan, including FleetBoston Financial Corporation and its affiliates.
All expenses incurred by a Fund with respect to Class T Shares of a particular
Fund in connection with Servicing Agreements and the implementation of this Plan
shall be borne entirely by the holders of the applicable series of Shares of the
Fund. Each Servicing Agreement will provide for a fee waiver by a Service
Organization to the extent that the net investment income of a series of Shares
of a particular Fund earned in the applicable period is less than the fee due
from such series for such period.

         SECTION 2. The Administrator shall monitor the arrangements pertaining
to the Fund's Servicing Agreements with Service Organizations. The Administrator
shall not, however, be obliged by this Plan to recommend, and the Fund shall not
be obliged to execute, any Servicing Agreement with any qualifying Service
Organization.

         SECTION 3. So long as this Plan is in effect, the Administrator shall
provide to the Fund's Board of Directors, and the trustees shall review, at
least quarterly, a written report of the amounts expended pursuant to this Plan
and the purposes for which such expenditures were made.

         SECTION 4. Unless sooner terminated, this Plan shall continue until
July 31, 2003 and thereafter shall continue automatically for successive annual
periods provided such continuance is approved at least annually by a majority of
the Board of Directors, including a majority of the trustees who are not
"interested persons" of the Fund and who have no direct or indirect financial
interest in the operation of this Plan or in any Agreement related to this Plan
(the "Disinterested Directors").



         SECTION 5. This Plan may be amended at any time with respect to any
Fund by the Board of Directors, provided that any material amendments of the
terms of this Plan shall become effective only upon the approvals set forth in
Section 4.

         SECTION 6. This Plan is terminable at any time with respect to any Fund
by vote of a majority of the Disinterested Directors.

         SECTION 7. While this Plan is in effect, the selection and nomination
of the directors of the Fund who are not "interested persons" (as defined in the
Act) of the Fund shall be committed to the discretion of the Fund's
Disinterested Directors.

         SECTION 8. This Plan has been adopted by each Fund as of July 31, 2002.

















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                                   SCHEDULE A



Name of Fund                          Initial Fee (annual percentage rate of net asset value)

                                   
Columbia Special Fund, Inc.                 0.30%
Columbia Growth Fund, Inc.                  0.30%
Columbia Short Term Bond Fund, Inc.         0.15%





















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