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 Current Prospectuses

Legal Proceedings. Columbia Management Advisors, Inc. ("CMA"), the Funds'
adviser, and Columbia Funds Distributor, Inc. ("CFDI") the distributor of the
Funds' shares, and certain of their affiliates (collectively, "Columbia") have
received information requests and subpoenas from various regulatory authorities,
including the Securities and Exchange Commission ("SEC") and the New York
Attorney General, in connection with their investigations of late trading and
market timing in mutual funds. Columbia has not uncovered any instances where
CMA or CFDI were knowingly involved in late trading of mutual fund shares.
Columbia has identified a limited number of investors who had informal
arrangements for trading Fund shares between 1998 and 2003. A majority of the
transactions in connection with these arrangements occurred in one international
fund and two domestic funds. The majority of the trading under these
arrangements was made by three entities. A substantial majority of the trading
had ended by October 2002. None of these arrangements exists today. Information
relating to those trading arrangements has been supplied to various regulatory
authorities. To the extent that any Fund whose shares were involved in those
trading activities was harmed by them, Columbia has undertaken to reimburse the
Fund.

The SEC staff has issued notices to the effect that it has made a preliminary
determination to recommend that the SEC bring civil enforcement actions,
including injunctive proceedings, against CMA and CFDI, alleging that they have
violated certain provisions of the federal securities laws. Columbia believes
that those allegations are based principally on the trading arrangements
referred to above. CMA and CFDI are engaged in discussions with the SEC staff in
an effort to reach a satisfactory resolution of these matters. However, there
can be no assurance that such a resolution will be reached. Any potential
resolution of these matters may include, but not be limited to, sanctions,
financial penalties, damages or injunctions regarding CMA or CFDI, and
structural changes in the conduct of their business.

Although Columbia does not believe that these regulatory developments or their
resolution will have a material adverse effect on the Funds, or on the ability
of CMA and CFDI to provide services to the Funds, there can be no assurance that
these matters or any adverse publicity or other developments resulting from them
will not result in increased redemptions or reduced sales of Fund shares, which
could increase transactions costs or operating expenses, or other consequences
for the Funds.




[CODE] January 15, 2004