497 1 cmgall_497-41019.txt 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 Statement of Additional Information dated January 1, 2004 (Replacing Supplement dated March 31, 2004) The following sections describing Directors and Officers under Management are restated in entirety. All references to Joseph R. Palombo therein and within the Management section of the statement of additional information have been omitted.
Directors and Officers DISINTERESTED DIRECTORS: Number of Portfolios in Position(s) Term of Office Fund Complex Name, Address Held and Length of Principal Occupation(s) Overseen Other Directorships and Age with Funds Time Served*(1) During Past Five Years By Trustee(1) Held by Trustee ------------- ---------- ------------- ---------------------- ------------ --------------- Douglas A. Hacker (Age 48) Director Since Executive Vice President - Strategy 118 Orbitz, Inc. (on-line p.o. bOX 66100 October 2003 of United Airlines (airline) since travel company) Chicago, IL 60666 December, 2002 (formerly President of UAL Loyalty Services (airline) from September, 2001 to December, 2002; Executive Vice President and Chief Financial Officer of United Airlines from March, 1999 to September, 2001; Senior Vice President-Finance from March, 1993 to July, 1999). Janet Langford Kelly Director Since Private Investor since March, 2004 118 None (Age 46) October 2003 (formerly Chief Administrative 9534 W. Gull Lake Drive Officer and Senior Vice President, Richland, MI 49083-8530 Kmart Holding Corporation (consumer goods), from September, 2003 to March, 2004; Executive Vice President-Corporate Development and Administration, General Counsel and Secretary, Kellogg Company (food manufacturer), from September, 1999 to August, 2003; Senior Vice President, Secretary and General Counsel, Sara Lee Corporation (branded, packaged, consumer-products manufacturer) from January, 1995 to September, 1999). Number of Portfolios in Position(s) Term of Office Fund Complex Name, Address Held and Length of Principal Occupation(s) Overseen Other Directorships and Age with Funds Time Served*(1) During Past Five Years By Trustee(1) Held by Trustee ------------- ---------- ------------- ---------------------- ------------ --------------- Richard W. Lowry (Age 68) Director Since Private Investor since August, 1987 120(3) None 10701 Charleston Drive October 2003 (formerly Chairman and Chief Executive Vero Beach, FL 32963 Officer, U.S. Plywood Corporation (building products manufacturer)). Charles R. Nelson (Age 62) Director Served for Professor of Economics, University 118 None Department of Economics 1 year of Washington, since January, 1976; University of Washington Ford and Louisa Van Voorhis Seattle, WA 98195 Professor of Political Economy, University of Washington, since September, 1993 (formerly Director, Institute for Economic Research, University of Washington from September, 2001 to June, 2003) Adjunct Professor of Statistics, University of Washington, since September, 1980; Associate Editor, Journal of Money Credit and Banking, since September, 1993; consultant on econometric and statistical matters. John J. Neuhauser (Age 61) Director Since Academic Vice President and Dean of 121(3),(4) Saucony, Inc. 84 College Road October 2003 Faculties since August, 1999, (athletic footwear) Chestnut Hill, MA Boston College (formerly Dean, Boston 02467-3838 College School of Management from September, 1977 to September, 1999). Patrick J. Simpson (Age 60) Director Served for Partner, Perkins Coie L.L.P. 118 None 1120 N.W. Couch Street 3 years (law firm). Tenth Floor Portland, OR 97209-4128 Thomas E. Stitzel (Age 68) Director Since Business Consultant since 1999 118 None 2208 Tawny Woods Place October 2003 (formerly Professor of Finance Boise, ID 83706 from 1975 to 1999, College of Business, Boise State University); Chartered Financial Analyst. Thomas C. Theobald Director and Since Partner and Senior Advisor, Chicago 118 Anixter International (Age 67) (5) Chairman of October 2003 Growth Partners (private equity (network support 303 W. Madison the Board investing) since September, 2004 equipment Suite 2500 (formerly Managing Director, William distributor); Ventas, Chicago, IL 60606 Blair Capital Partners (private equity Inc. (real estate investing) from September, 1994 to investment trust); September, 2004). Jones Lang LaSalle (real estate management services) and MONY Group (life insurance) Anne-Lee Verville (Age 59) Director Since Retired since 1997 (formerly General 119(4) Chairman of the Board 359 Stickney Hill Road October 2003 Manager, Global Education Industry, IBM of Directors, Enesco Hopkinton, NH 03229 Corporation (computer and technology) Group, Inc.(designer, from 1994 to 1997). importer and distributor of giftware and collectibles) Number of Portfolios in Position(s) Term of Office Fund Complex Name, Address Held and Length of Principal Occupation(s) Overseen Other Directorships and Age with Funds Time Served*(1) During Past Five Years By Trustee(1) Held by Trustee ------------- ---------- ------------- ---------------------- ------------ --------------- Richard L. Woolworth Director Served for 12 Retired since December 2003 118 Northwest Natural Gas (Age 63) years (formerly Chairman and Chief Co. (natural gas 100 S.W. Market Street Executive Officer, The Regence Group service provider) #1500 (regional health insurer); Chairman Portland, OR 97207 and Chief Executive Officer, BlueCross BlueShield of Oregon; Certified Public Accountant, Arthur Young & Company) INTERESTED DIRECTOR: Number of Portfolios in Position(s) Term of Office Fund Complex Name, Address Held and Length of Principal Occupation(s) Overseen Other Directorships and Age with Funds Time Served*(1) During Past Five Years By Director(1) Held by Director ------------- ---------- ------------- ---------------------- ------------ --------------- William E. Mayer(2)(Age 64) Director Since Managing Partner, Park Avenue 120(3) Lee Enterprises 399 Park Avenue October 2003 Equity Partners (private equity) (print media), WR Suite 3204 since February, 1999 (formerly Hambrecht + Co. New York, NY 10022 Founding Partner, Development (financial service Capital LLC from November 1996 provider); First to February, 1999). Health (healthcare); Reader's Digest (publishing); OPENFIELD Solutions (retail industry technology provider) * Each director serves for an indefinite term until the date the director resigns, retires or is removed in accordance with the Bylaws of each Fund. 1 As of December 31, 2003, the Columbia Complex consisted of 132 open-end and 15 closed end management investment company portfolios. In October 2003, the trustees of the Liberty Funds and Stein Roe Funds were elected to the boards of the Columbia Funds; simultaneous with that election, Patrick J. Simpson and Richard L. Woolworth, who had been directors/trustees of the Columbia Funds were appointed to serve as trustees of the Liberty Funds and Stein Roe Funds. The date shown is the earliest date on which a trustee/director was elected or appointed to the board of a Fund in the Fund Complex. 2 Mr. Mayer is an "interested person" (as defined in the Investment Company Act of 1940 (1940 Act)) by reason of his affiliation with WR Hambrecht + Co. 3 Messrs. Lowry, Neuhauser and Mayer also serve as directors/trustees of the All-Star Funds. 4 Mr. Neuhauser and Ms. Verville also serve as disinterested directors of Columbia Management Multi-Strategy Hedge Fund, LLC, which is advised by the Advisor. 5 Mr. Theobald was appointed as Chairman of the Board effective December 10, 2003.
PRINCIPAL OFFICERS: Term of Office and Name, Address Position(s) Length of Time Principal Occupation(s) and Age with Funds Served During Past Five Years ------- ----------- ------ ---------------------- Christopher L. Wilson (Age 47) President Since President of the Columbia Funds, Liberty Funds and Stein Roe One Financial Center 2004 Funds since October, 2004 (formerly President and Chief Boston, MA 02111 Executive Officer, CDC IXIS Asset Management Services, Inc. from September, 1998 to August, 2004). J. Kevin Connaughton (Age 39) Treasurer Since Treasurer of the Columbia Funds since October, 2003 and of the One Financial Center 2000 Liberty Funds, Stein Roe Funds and All-Star Funds since Boston, MA 02111 December, 2000; Vice President of the Advisor since April, 2003 (formerly President of the Columbia Funds, Liberty Funds and Stein Roe Funds from February, 2004 to October, 2004; Chief Accounting Officer and Controller of the Liberty Funds and of the All-Star Funds from February, 1998 to October, 2000); Treasurer of the Galaxy Funds since September, 2002; Treasurer, Columbia Management Multi-Strategy Hedge Fund, LLC since December, 2002 (formerly Vice President of Colonial Management Associates, Inc. from February, 1998 to October, 2000). Mary Joan Hoene (Age 54) Senior Vice Since Senior Vice President and Chief Compliance Officer of the 40 West 57th Street President 2004 Columbia Funds, Liberty Funds and Stein Roe Funds since August, New York, NY 10019 and Chief 2004; Chief Compliance Officer of the All-Star Funds since Compliance 2004; Counsel, Carter, Ledyard & Milburn LLP from November, 1999 Officer to December, 2000; Vice President and Counsel, Equitable Life Assurance Society of the United States from April, 1998 to November, 1999,). Michael G. Clarke (Age 34) Chief Since Chief Accounting Officer of the Columbia Funds, Liberty Funds, One Financial Center Accounting 2004 Stein Roe Funds and All-Star Funds since October, 2004 Boston, MA 02111 Officer (formerly Controller of the Columbia Funds, Liberty Funds, Stein Roe Funds and All-Star Funds from May, 2004 to October, 2004; Assistant Treasurer from June, 2002 to May, 2004; Vice President, Product Strategy & Development of the Liberty Funds and Stein Roe Funds from February, 2001 to June, 2002; Assistant Treasurer of the Liberty Funds, Stein Roe Funds and the All-Star Funds from August, 1999 to February, 2001; Audit Manager, Deloitte & Toche LLP from May, 1997 to August, 1999). Jeffrey R. Coleman (Age 34 ) Controller 2004 Controller of the Columbia Funds, Liberty Funds, Stein Roe Funds One Financial Center and All-Star Funds since October, 2004 (formerly Vice President Boston, MA 02111 of CDC IXIS Asset Management Services, Inc. and Deputy Treasurer of the CDC Nvest Funds and Loomis Sayles Funds from February, 2003 to September, 2004; Assistant Vice President of CDC IXIS Asset Management Services, Inc. and Assistant Treasurer of the CDC Nvest Funds from August, 2000 to February, 2003; Tax Manager of PFPC, Inc. from November, 1996 to August, 2000). David A. Rozenson (Age 50) Secretary 2003 Secretary of the Columbia Funds, Liberty Funds, Stein Roe Funds One Financial Center and All-Star Funds since December, 2003; Senior Counsel, Bank Boston, MA 02111 of America Corporation (formerly FleetBoston Financial Corporation) since January, 1996; Associate General Counsel, Columbia Management Group since November, 2002. COL-35/377T-1004 October 21, 2004