COLUMBIA COMMON STOCK FUND, INC.
                           COLUMBIA GROWTH FUND, INC.
                     COLUMBIA INTERNATIONAL STOCK FUND, INC.
                       COLUMBIA MID CAP GROWTH FUND, INC.
                      COLUMBIA SMALL CAP GROWTH FUND, INC.
                     COLUMBIA REAL ESTATE EQUITY FUND, INC.
                         COLUMBIA TECHNOLOGY FUND, INC.
                     COLUMBIA STRATEGIC INVESTOR FUND, INC.
                          COLUMBIA BALANCED FUND, INC.
                       COLUMBIA SHORT TERM BOND FUND, INC.
                   COLUMBIA FIXED INCOME SECURITIES FUND, INC.
                   COLUMBIA NATIONAL MUNICIPAL BOND FUND, INC.
                    COLUMBIA OREGON MUNICIPAL BOND FUND, INC.
                         COLUMBIA HIGH YIELD FUND, INC.
                          COLUMBIA DAILY INCOME COMPANY


      SUPPLEMENT TO THE COLUMBIA FUNDS' STATEMENT OF ADDITIONAL INFORMATION
                             DATED OCTOBER 13, 2003


The Funds' Statement of Additional Information is revised as follows:

         The following sub-heading and paragraph are added to the section
entitled "Programs for Reducing or Eliminating Sales Charges" in the Statement
of Additional Information for the Columbia Funds.

         NAV Transfer Program. Investors who have previously purchased shares of
other investment companies offered by another mutual fund complex within the
last 48 months and have been charged either a front-end load or other sales
charge (i.e. CDSC) on such purchases may invest the proceeds of redemptions of
those shares in Class A shares of the Funds (excluding Columbia Daily Income
Company, Columbia Small Cap Growth Fund, Inc. and Columbia International Stock
Fund, Inc.), without incurring an additional sales charge. This NAV transfer
program is limited to redemption proceeds of less than $1 million. The purchase
of Class A shares of the Funds from the proceeds of those redemptions which were
previously subject to an upfront-sales load must be made within 60 days from the
date of the redemption (12 months in the case of redemption proceeds that paid a
CDSC). This NAV transfer program shall be available for purchases by eligible
investors through participating FSFs through December 31, 2003. Class A shares
are subject to a 12b-1 distribution and service fee.


COL-35/531Q-1103                                               November 25, 2003