-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, IhuaHA8o1LCk8TqhESAPtlSr60lyNDsXLbDjK4Vx27NzhsIIYa5tVLjFia+oXvt4 1ZJpSmE5/UMTDPMBfeWUdA== 0000021847-03-000167.txt : 20030501 0000021847-03-000167.hdr.sgml : 20030501 20030501162105 ACCESSION NUMBER: 0000021847-03-000167 CONFORMED SUBMISSION TYPE: DEF 14A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030521 FILED AS OF DATE: 20030501 EFFECTIVENESS DATE: 20030501 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COLONIAL HIGH INCOME MUNICIPAL TRUST CENTRAL INDEX KEY: 0000845606 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-05754 FILM NUMBER: 03677134 BUSINESS ADDRESS: STREET 1: ONE FINANCIAL CTR CITY: BOSTON STATE: MA ZIP: 02111 BUSINESS PHONE: 6174263750 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COLONIAL MUNICIPAL INCOME TRUST CENTRAL INDEX KEY: 0000809844 FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-04992 FILM NUMBER: 03677136 BUSINESS ADDRESS: STREET 1: ONE FINANCIAL CTR CITY: BOSTON STATE: MA ZIP: 02111 BUSINESS PHONE: 6174263750 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COLONIAL INVESTMENT GRADE MUNICIPAL TRUST CENTRAL INDEX KEY: 0000847411 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-05785 FILM NUMBER: 03677137 BUSINESS ADDRESS: STREET 1: ONE FINANCIAL CTR CITY: BOSTON STATE: MA ZIP: 02110 BUSINESS PHONE: 6174263750 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COLONIAL INTERMEDIATE HIGH INCOME FUND CENTRAL INDEX KEY: 0000833021 FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-05567 FILM NUMBER: 03677138 BUSINESS ADDRESS: STREET 1: ONE FINANCIAL CNTR CITY: BOSTON STATE: MA ZIP: 02111 BUSINESS PHONE: 6174263750 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COLONIAL INTERMARKET INCOME TRUST I CENTRAL INDEX KEY: 0000853770 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-05851 FILM NUMBER: 03677139 BUSINESS ADDRESS: STREET 1: ONE FINANCIAL CTR CITY: BOSTON STATE: MA ZIP: 02111 BUSINESS PHONE: 6174263750 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COLONIAL NEW YORK INSURED MUNICIPAL FUND CENTRAL INDEX KEY: 0001092897 IRS NUMBER: 043483819 STATE OF INCORPORATION: MA FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-09539 FILM NUMBER: 03677131 BUSINESS ADDRESS: STREET 1: C/O ROPES & GRAY STREET 2: ONE INTERNATIONAL PLACE CITY: BOSTON STATE: MA ZIP: 02110 BUSINESS PHONE: 6179517000 MAIL ADDRESS: STREET 1: C/O ROPES & GRAY STREET 2: ONE INTERNATIONAL PLACE CITY: BOSTON STATE: MA ZIP: 02110 FORMER COMPANY: FORMER CONFORMED NAME: PREMIER NEW YORK MUNICIPAL INCOME FUND DATE OF NAME CHANGE: 19990809 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COLONIAL CALIFORNIA INSURED MUNICIPAL FUND CENTRAL INDEX KEY: 0001092896 IRS NUMBER: 043483817 STATE OF INCORPORATION: MA FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-09537 FILM NUMBER: 03677133 BUSINESS ADDRESS: STREET 1: C/O ROPES & GRAY STREET 2: ONE INTERNATIONAL PLACE CITY: BOSTON STATE: MA ZIP: 02110 BUSINESS PHONE: 6179517000 MAIL ADDRESS: STREET 1: C/O ROPES & GRAY STREET 2: ONE INTERNATIONAL PLACE CITY: BOSTON STATE: MA ZIP: 02110 FORMER COMPANY: FORMER CONFORMED NAME: PREMIER CALIFORNIA MUNICIPAL INCOME FUND DATE OF NAME CHANGE: 19990809 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COLONIAL INSURED MUNICIPAL FUND CENTRAL INDEX KEY: 0001092895 IRS NUMBER: 043483816 STATE OF INCORPORATION: MA FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-09533 FILM NUMBER: 03677135 BUSINESS ADDRESS: STREET 1: C/O ROPES & GRAY STREET 2: ONE INTERNATIONAL PLACE CITY: BOSTON STATE: MA ZIP: 02110 BUSINESS PHONE: 6179517000 MAIL ADDRESS: STREET 1: C/O ROPES & GRAY STREET 2: ONE INTERNATIONAL PLACE CITY: BOSTON STATE: MA ZIP: 02110 FORMER COMPANY: FORMER CONFORMED NAME: PREMIER MUNICIPAL INCOME FUND DATE OF NAME CHANGE: 19990809 DEF 14A 1 schedule14a03.txt SCHEDULE 14A (Rule 14a-101) INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant [ X ] Filed by a Party other than the Registrant [ ] Check the appropriate box: [ ] Preliminary Proxy Statement [ X ] Definitive Proxy Statement [ ] Definitive Additional Materials [ ] Soliciting Material Pursuant to Sec. 240.14a-11(c) or Sec. 240.14a-12 [ ] Confidential, For Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) COLONIAL CALIFORNIA INSURED MUNICIPAL FUND COLONIAL HIGH INCOME MUNICIPAL TRUST COLONIAL INSURED MUNICIPAL FUND COLONIAL INTERMEDIATE HIGH INCOME FUND COLONIAL INTERMARKET INCOME TRUST I COLONIAL INVESTMENT GRADE MUNICIPAL TRUST COLONIAL MUNICIPAL INCOME TRUST COLONIAL NEW YORK INSURED MUNICIPAL FUND ________________________________________________ (Name of Registrant as Specified In Its Charter) Payment of Filing Fee (Check the appropriate box): [ X ] No fee required. [ ] Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11. 1) Title of each class of securities to which transaction applies: 2) Aggregate number of securities to which transaction applies: 3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined): 4) Proposed maximum aggregate value of transaction: 5) Total fee paid: [ ] Fee paid previously with preliminary materials: [ ] Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the form or schedule and the date of its filing. 1) Amount Previously Paid: 2) Form, Schedule or Registration Statement No.: 3) Filing Party: 4) Date Filed: As of December 31, 2002, no disinterested Trustee or any of their immediate family members owned beneficially or of record any class of securities of FleetBoston Financial, Columbia, another investment advisor, sub-advisor or portfolio manager of any of the Funds in the Liberty Funds, the All-Star Funds, the Columbia Funds, or any person controlling, controlled by or under common control with any such entity. COLONIAL CALIFORNIA INSURED MUNICIPAL FUND COLONIAL HIGH INCOME MUNICIPAL TRUST COLONIAL INSURED MUNICIPAL FUND COLONIAL INTERMARKET INCOME TRUST I COLONIAL INTERMEDIATE HIGH INCOME FUND COLONIAL INVESTMENT GRADE MUNICIPAL TRUST COLONIAL MUNICIPAL INCOME TRUST COLONIAL NEW YORK INSURED MUNICIPAL FUND (EACH, A "FUND"; COLLECTIVELY, THE "FUNDS") ONE FINANCIAL CENTER, BOSTON, MASSACHUSETTS 02111-2621 (617) 426-3750 NOTICE OF ANNUAL MEETINGS OF SHAREHOLDERS MAY 21, 2003 DEAR SHAREHOLDER: NOTICE IS HEREBY GIVEN that the 2003 Annual Meeting of Shareholders of the Funds (the "Meeting") will be at One Financial Center, Boston, Massachusetts, on May 21, 2003, at 10:00 a.m. Eastern time. The purpose of the Meeting is to consider and act upon the following matters: 1. To elect Trustees of the Funds as outlined below: (a) Colonial High Income Municipal Trust: (i) Three Trustees to be elected by the holders of common shares of beneficial interest, no par value (the "Common Shares") and Municipal Auction Rate Cumulative Preferred Shares (the "Preferred Shares") of the Fund, voting together as a single class; and (ii) Two Trustees to be elected by the holders of Preferred Shares only, voting as a single class. (b) Colonial Investment Grade Municipal Trust: (i) Two Trustees to be elected by the holders of Common Shares and Preferred Shares of the Fund, voting together as a single class; and (ii) Two Trustees to be elected by the holders of Preferred Shares only, voting as a single class. (c) Colonial InterMarket Income Trust I: Three Trustees to be elected by the holders of shares of beneficial interest of the Fund. G-60/762N-0403 (d) Colonial California Insured Municipal Fund: (i) Three Trustees to be elected by the holders of Common Shares and Preferred Shares of the Fund, voting together as a single class; and (ii) Two Trustees to be elected by the holders of Preferred Shares only, voting as a single class. (e) Colonial Insured Municipal Fund: (i) Three Trustees to be elected by the holders of Common Shares and Preferred Shares of the Fund, voting together as a single class; and (ii) Two Trustees to be elected by the holders of Preferred Shares only, voting as a single class. (f) Colonial New York Insured Municipal Fund: (i) Three Trustees to be elected by the holders of Common Shares and Preferred Shares of the Fund, voting together as a single class; and (ii) Two Trustees to be elected by the holders of Preferred Shares only, voting as a single class. (g) Colonial Municipal Income Trust: (i) Two Trustees to be elected by the holders of Common Shares and Preferred Shares of the Fund, voting together as a single class; and (ii) Two Trustees to be elected by the holders of Preferred Shares only, voting as a single class. (h) Colonial Intermediate High Income Fund: Four Trustees to be elected by the holders of shares of beneficial interest of the Fund. 2. To transact such other business as may properly come before the Meeting and any adjourned session of the Meeting. Shareholders of record at the close of business on February 28, 2003 are entitled to notice of, and to vote at, the Meeting and any adjourned session. YOUR BOARD OF TRUSTEES RECOMMENDS THAT YOU VOTE FOR THE PROPOSALS. By order of the Board of Trustees, Jean S. Loewenberg Secretary of the Funds PLEASE RESPOND. YOUR VOTE IS IMPORTANT REGARDLESS OF THE NUMBER OF SHARES YOU OWN. YOU CAN VOTE EASILY AND QUICKLY BY MAIL OR IN PERSON. April 21, 2003 PROXY STATEMENT COLONIAL CALIFORNIA INSURED MUNICIPAL FUND (CCAIMF) COLONIAL HIGH INCOME MUNICIPAL TRUST (CHIMT) COLONIAL INSURED MUNICIPAL FUND (CIMF) COLONIAL INTERMARKET INCOME TRUST I (CIITI) COLONIAL INTERMEDIATE HIGH INCOME FUND (CIHIF) COLONIAL INVESTMENT GRADE MUNICIPAL TRUST (CIGMT) COLONIAL MUNICIPAL INCOME TRUST (CMIT) COLONIAL NEW YORK INSURED MUNICIPAL FUND (CNYIMF) (EACH, A "FUND"; COLLECTIVELY, THE "FUNDS") ONE FINANCIAL CENTER, BOSTON, MASSACHUSETTS 02111-2621 (617) 426-3750 ANNUAL MEETINGS OF SHAREHOLDERS MAY 21, 2003 This Proxy Statement is furnished in connection with the solicitation of proxies on behalf of the Boards of Trustees of the Funds to be used at the Annual Meetings of Shareholders of the Funds to be held on May 21, 2003, at 10:00 a.m. Eastern time at the offices of the Funds, One Financial Center, Boston, Massachusetts, and at any adjournments thereof (such meetings and any adjournments being referred to as the "Meeting"). The solicitation of proxies for use at the Meeting is being made primarily by the mailing on or about April 25, 2003, of this Proxy Statement and the accompanying proxy cards. Supplementary solicitations may be made by mail, telephone, or personal interview by officers and Trustees of the Funds and officers and employees of the Funds' investment advisor, Columbia Management Advisers, Inc. ("Columbia") and its affiliates. Authorization to execute proxies may be obtained from shareholders through instructions transmitted by telephone or facsimile. The expenses incurred in connection with preparing this Proxy Statement and soliciting proxies for the Meeting will be paid by the Funds. The Funds will reimburse brokerage firms and others for their expenses in forwarding solicitation material to the beneficial owners of shares. The Meeting is being held to vote on the matters described below. 1 PROPOSAL 1. ELECTION OF TRUSTEES 1.(A) COLONIAL HIGH INCOME MUNICIPAL TRUST Msses. Kelly and Verville and Mr. Palombo (who have each agreed to serve) are proposed for election as Trustees of the Fund and are to be elected by the holders of Common Shares and Preferred Shares, voting together as a single class. Each will serve for three years or until a successor is elected. Messrs. Hacker and Stitzel (who have each agreed to serve) are proposed for election as Trustees of the Fund and are to be elected by the holders of Preferred Shares only, voting as a single class. The Board of Trustees (other than Messrs. Hacker and Stitzel) is divided into the following three classes, each with a term expiring in the year indicated (assuming the persons listed above are elected at the Meeting):
2004 2005 2006 - ---- ---- ---- Mr. Mayer Mr. Lowry Ms. Kelly Mr. Nelson Mr. Neuhauser Mr. Palombo Mr. Theobald Ms. Verville
Messrs. Hacker and Stitzel are subject to re-election annually by the holders of Preferred Shares of the Fund. REQUIRED VOTE With respect to Msses. Kelly and Verville and Mr. Palombo, the affirmative vote of a plurality of the holders of Common Shares and Preferred Shares, voting together as a single class, present at the Meeting in person or by proxy, is required for the election of each such Trustee. With respect to the election of Messrs. Hacker and Stitzel, the affirmative vote of a plurality of the holders of Preferred Shares, present at the Meeting in person or by proxy, is required for the election of each such Trustee. 1.(B) COLONIAL INVESTMENT GRADE MUNICIPAL TRUST Ms. Kelly and Mr. Palombo (who have each agreed to serve) are proposed for election as Trustees of the Fund and are to be elected by the holders of Common Shares and Preferred Shares, voting together as a single class. Each will serve for three years or until a successor is elected. Messrs. Hacker and Stitzel (who have each agreed to serve) are proposed for election as Trustees of the Fund and are to be elected by the holders of Preferred Shares only, voting as a single class. 2 The Board of Trustees (other than Messrs. Hacker and Stitzel) is divided into the following three classes, each with a term expiring in the year indicated (assuming the persons listed above are elected at the Meeting):
2004 2005 2006 - ---- ---- ---- Mr. Mayer Mr. Lowry Ms. Kelly Mr. Neuhauser Mr. Nelson Mr. Palombo Mr. Theobald Ms. Verville
Messrs. Hacker and Stitzel are subject to re-election annually by the holders of Preferred Shares of the Fund. REQUIRED VOTE With respect to Ms. Kelly and Mr. Palombo, the affirmative vote of a plurality of the holders of Common Shares and Preferred Shares, voting together as a single class, present at the Meeting in person or by proxy, is required for the election of each such Trustee. With respect to the election of Messrs. Hacker and Stitzel, the affirmative vote of a plurality of the holders of Preferred Shares, present at the Meeting in person or by proxy, is required for the election of each such Trustee. 1.(C) COLONIAL INTERMARKET INCOME TRUST I Ms. Kelly and Messrs. Hacker and Nelson (who have each agreed to serve) are proposed for election as Trustees of the Fund. Each will serve for three years or until a successor is elected. The Board of Trustees is divided into the following three classes, each with a term expiring in the year indicated (assuming the persons listed above are elected at the Meeting):
2004 2005 2006 - ---- ---- ---- Mr. Neuhauser Mr. Lowry Mr. Hacker Mr. Palombo Mr. Mayer Ms. Kelly Mr. Theobald Mr. Stitzel Mr. Nelson Ms. Verville
REQUIRED VOTE The affirmative vote of a plurality of the holders of shares of beneficial interest of the Fund, present at the Meeting in person or by proxy, is required for the election of each such Trustee. 3 1.(D) COLONIAL CALIFORNIA INSURED MUNICIPAL FUND Messrs. Lowry, Mayer and Nelson (who have each agreed to serve) are proposed for election as Trustees of the Fund and are to be elected by the holders of Common Shares and Preferred Shares, voting together as a single class. Each will serve for three years or until a successor is elected. Messrs. Hacker and Stitzel (who have each agreed to serve) are proposed for election as Trustees of the Fund and are to be elected by the holders of Preferred Shares only, voting as a single class. The Board of Trustees (other than Messrs. Hacker and Stitzel) is divided into the following three classes, each with a term expiring in the year indicated (assuming the persons listed above are elected at the Meeting):
2004 2005 2006 - ---- ---- ---- Mr. Neuhauser Ms. Kelly Mr. Lowry Mr. Theobald Mr. Palombo Mr. Mayer Ms. Verville Mr. Nelson
Messrs. Hacker and Stitzel are subject to re-election annually by the holders of Preferred Shares of the Fund. REQUIRED VOTE With respect to Messrs. Lowry, Mayer and Nelson, the affirmative vote of a plurality of the holders of Common Shares and Preferred Shares, voting together as a single class, present at the Meeting in person or by proxy, is required for the election of each such Trustee. With respect to the election of Messrs. Hacker and Stitzel, the affirmative vote of a plurality of the holders of Preferred Shares, present at the Meeting in person or by proxy, is required for the election of each such Trustee. 1.(E) COLONIAL INSURED MUNICIPAL FUND Messrs. Lowry, Mayer and Nelson (who have each agreed to serve) are proposed for election as Trustees of the Fund and are to be elected by the holders of Common Shares and Preferred Shares, voting together as a single class. Each will serve for three years or until a successor is elected. Messrs. Hacker and Stitzel (who have each agreed to serve) are proposed for election as Trustees of the Fund and are to be elected by the holders of Preferred Shares only, voting as a single class. 4 The Board of Trustees (other than Messrs. Hacker and Stitzel) is divided into the following three classes, each with a term expiring in the year indicated (assuming the persons listed above are elected at the Meeting):
2004 2005 2006 - ---- ---- ---- Mr. Neuhauser Ms. Kelly Mr. Lowry Mr. Theobald Mr. Palombo Mr. Mayer Ms. Verville Mr. Nelson
Messrs. Hacker and Stitzel are subject to re-election annually by the holders of Preferred Shares of the Fund. REQUIRED VOTE With respect to Messrs. Lowry, Mayer and Nelson, the affirmative vote of a plurality of the holders of Common Shares and Preferred Shares, voting together as a single class, present at the Meeting in person or by proxy, is required for the election of each such Trustee. With respect to the election of Messrs. Hacker and Stitzel, the affirmative vote of a plurality of the holders of Preferred Shares, present at the Meeting in person or by proxy, is required for the election of each such Trustee. 1.(F) COLONIAL NEW YORK INSURED MUNICIPAL FUND Messrs. Lowry, Mayer and Nelson (who have each agreed to serve) are proposed for election as Trustees of the Fund and are to be elected by the holders of Common Shares and Preferred Shares, voting together as a single class. Each will serve for three years or until a successor is elected. Messrs. Hacker and Stitzel (who have each agreed to serve) are proposed for election as Trustees of the Fund and are to be elected by the holders of Preferred Shares only, voting as a single class. The Board of Trustees (other than Messrs. Hacker and Stitzel) is divided into the following three classes, each with a term expiring in the year indicated (assuming the persons listed above are elected at the Meeting):
2004 2005 2006 - ---- ---- ---- Mr. Neuhauser Ms. Kelly Mr. Lowry Mr. Theobald Mr. Palombo Mr. Mayer Ms. Verville Mr. Nelson
Messrs. Hacker and Stitzel are subject to re-election annually by the holders of Preferred Shares of the Fund. 5 REQUIRED VOTE With respect to Messrs. Lowry, Mayer and Nelson, the affirmative vote of a plurality of the holders of Common Shares and Preferred Shares, voting together as a single class, present at the Meeting in person or by proxy, is required for the election of each such Trustee. With respect to the election of Messrs. Hacker and Stitzel, the affirmative vote of a plurality of the holders of Preferred Shares, present at the Meeting in person or by proxy, is required for the election of each such Trustee. 1.(G) COLONIAL MUNICIPAL INCOME TRUST Ms. Kelly and Mr. Nelson (who have each agreed to serve) are proposed for election as Trustees of the Fund and are to be elected by the holders of Common Shares and Preferred Shares, voting together as a single class. Each will serve for three years or until a successor is elected. Messrs. Hacker and Stitzel (who have each agreed to serve) are proposed for election as Trustees of the Fund and are to be elected by the holders of Preferred Shares only, voting as a single class. The Board of Trustees (other than Messrs. Hacker and Stitzel) is divided into the following three classes, each with a term expiring in the year indicated (assuming the persons listed above are elected at the Meeting):
2004 2005 2006 - ---- ---- ---- Mr. Lowry Mr. Mayer Ms. Kelly Mr. Neuhauser Mr. Palombo Mr. Nelson Mr. Theobald Ms. Verville
Messrs. Hacker and Stitzel are subject to re-election annually by the holders of Preferred Shares of the Fund. REQUIRED VOTE With respect to Ms. Kelly and Mr. Nelson, the affirmative vote of a plurality of the holders of Common Shares and Preferred Shares, voting together as a single class, present at the Meeting in person or by proxy, is required for the election of each such Trustee. With respect to the election of Messrs. Hacker and Stitzel, the affirmative vote of a plurality of the holders of Preferred Shares, present at the Meeting in person or by proxy, is required for the election of each such Trustee. 6 1.(H) COLONIAL INTERMEDIATE HIGH INCOME FUND Ms. Kelly and Messrs. Hacker, Neuhauser and Palombo (who have each agreed to serve) are proposed for election as Trustees of the Fund. Each will serve for three years or until a successor is elected. The Board of Trustees is divided into the following three classes, each with a term expiring in the year indicated (assuming the persons listed above are elected at the Meeting):
2004 2005 2006 - ---- ---- ---- Mr. Stitzel Mr. Lowry Mr. Hacker Mr. Theobald Mr. Mayer Ms. Kelly Ms. Verville Mr. Nelson Mr. Neuhauser Mr. Palombo
REQUIRED VOTE The affirmative vote of a plurality of the holders of shares of beneficial interest of the Fund present at the Meeting in person or by proxy is required for the election of each such Trustee. FOR INFORMATION REGARDING THE BOARD OF TRUSTEES AND EXECUTIVE OFFICERS OF YOUR FUND, SEE APPENDIX A TO THIS PROXY STATEMENT. TRUSTEES' COMPENSATION The members of each Fund's Board of Trustees also serve as Trustees on the boards for all other funds within the "Funds Complex." As of December 31, 2002, the Funds Complex consisted of 80 open-end funds, 11 closed-end funds and 1 limited liability company; the All-Star Funds, which consisted of two closed-end funds; and the Columbia Funds, which consisted of 15 open-end funds. The Funds' Board of Trustees holds its meetings concurrently with the board meetings for each of the other funds within the Funds Complex ("joint Board meetings"). For the fiscal year ended October 31, 2002, CIHIF held 8 meetings (6 regular joint Board meetings and 2 special joint Board meetings). For the fiscal year ended November 30, 2002, each other Fund held 7 meetings (6 regular joint Board meetings and 1 special joint Board meetings). Two-thirds of the Trustees' fees are allocated among the funds within the Funds Complex based on the relative net assets of each fund and one-third of the fees is divided equally among the funds within the Funds Complex. 7 FOR MORE INFORMATION REGARDING THE COMPENSATION OF THE TRUSTEES, SEE APPENDIX B.1 AND APPENDIX B.2 TO THIS PROXY STATEMENT. TRUSTEE SHARE OWNERSHIP The table in Appendix C shows, as of December 31, 2002, the dollar range of equity securities beneficially owned by each Trustee (i) in each of the Funds, and (ii) in all funds overseen by the Trustee in the Funds Complex. TRUSTEES' MEETINGS AND COMMITTEES The Board of Trustees of each Fund (the "Board") is responsible for the overall management and supervision of that Funds' affairs and for protecting the interests of the Funds' shareholders. The Board has created several committees to perform specific functions on behalf of the Funds. The members of each committee, along with a description of each committee's functions, appear below, followed by a table that sets forth the number of meetings held by the Board and each committee during the last fiscal year. 1. AUDIT COMMITTEE Each Fund has an Audit Committee (the "Audit Committee") comprised of only "Independent Trustees" (as defined in the listing standards of the New York Stock Exchange ("NYSE") and the American Stock Exchange ("AMEX")), who are also not "interested persons" (as defined in the Investment Company Act of 1940, as amended) of any Fund. The Audit Committee is responsible for recommending to the Board the firm of independent accountants to be selected to perform the audit of each Fund; reviewing the methods, scope and results of the audits and the fees charged for such services; and reviewing each Fund's internal accounting procedures and controls. The Funds have no nominating or compensation committees. In discharging its oversight responsibility for the audit process, the Audit Committee discussed with management the process for the preparation and review of each Fund's audited financial statements for the most recently completed fiscal year. Based on its review and discussion, the Audit Committee recommended to the Boards that the audited financial statements for each Fund be included in that Fund's Annual Report to shareholders. The Audit Committee also reviewed the non-audit services provided by the independent accountants of the Funds. The independent 8 accountants for the Funds, PricewaterhouseCoopers LLP ("PwC"), discussed with the Audit Committee the matters required to be discussed by Statement on Auditing Standards No. 61. In addition, the Audit Committee obtained from PwC a formal written statement consistent with Independence Standards Board Standard No. 1, "Independence Discussions with Audit Committees," describing all relationships between the independent accountants and the Funds that might bear on the independent accountants' independence. The Audit Committee also discussed with PwC any relationships that may impact PwC's objectivity and independence and the Audit Committee satisfied itself as to the independent accountants' independence. Based on the recommendation from the Audit Committee and on its own review, the Board selected PwC as independent accountants for the Funds for the fiscal year ending October 31, 2003 or November 30, 2003, as the case may be. Representatives of PwC are not expected to be present at the Meeting. The Board has adopted a written charter that sets forth the Audit Committee's structure, duties and powers, and methods of operation of the Audit Committee. The Audit Committee Charter is attached as APPENDIX F. Each member of the Audit Committee must be financially literate and at least one member must have prior accounting experience or related financial management expertise. The Board has determined, in accordance with applicable regulations of the NYSE and AMEX, that each member of the Audit Committee is financially literate and has prior accounting experience or related financial management expertise. The members of the Funds' Audit Committee members for 2002 were Ms. Verville and Messrs. Hacker, Macera(1), Nelson and Neuhauser. Each member of the Audit Committee meets the independence standards of the NYSE and AMEX listing standards. 2. GOVERNANCE COMMITTEE Ms. Verville and Messrs. Hacker, Lowry, Mayer and Theobald are members of the Governance Committee of each Fund. The Governance Committee's functions include recommending to the Board nominees for Trustee and nominees for appointment to various committees; performing periodic evaluations of the effectiveness of the Board; reviewing and recommending to the Board policies and practices to be followed in carrying out the Trustees' duties and responsibilities; and reviewing and making recommendations to the Board regarding the compensation of the Trustees - ------------------------ (1) Mr. Macera is not up for re-election for any Board or Committee because he retires this year. 9 who are not affiliated with Columbia. The Governance Committee will consider candidates for Trustee as recommended by shareholders. Written recommendations for candidates for Trustee, along with supporting information, should be directed to the Governance Committee, in care of your Fund. 3. ADVISORY FEES & EXPENSES COMMITTEE Ms. Kelly and Messrs. Mayer, Neuhauser, Stitzel and Theobald are members of the Advisory Fees & Expenses Committee of each Fund. The Advisory Fees & Expenses Committee's functions include reviewing and making recommendations to the Board as to contracts requiring approval of a majority of the disinterested Trustees and as to any other contracts that may be referred to the committee by the Board. 4. TRADING OVERSIGHT COMMITTEE Ms. Kelly and Messrs. Lowry, Nelson and Stitzel are members of the Trading Oversight Committee. The Trading Oversight Committee's functions include reviewing and recommending to the Board the policies and practices to be followed by Columbia in executing portfolio trades on behalf of each Fund and regularly reviewing the allocation of each Fund's portfolio transactions among executing broker/dealers, the level of commission payments paid to broker/dealers, soft dollar commitments, directed brokerage arrangements and other trading practices.
NUMBER OF CCAIMF, CHIMT, CIMF, CIITI, CIGMT, CMIT, NUMBER OF CIHIF CNYIMF MEETINGS MEETINGS FOR FISCAL FOR FISCAL YEAR YEAR ENDED ENDED OCTOBER 31, 2002 NOVEMBER 30, 2002 ------------------- ------------------ Board of Trustees 8 7 Audit Committee 7 7 Governance Committee 2 2 Advisory Fees & Expenses Committee 7 7 Trading Oversight Committee 2 2
10 FEES PAID TO INDEPENDENT ACCOUNTANTS 1. AUDIT FEES For the audit of each Fund's annual financial statements for the most recently completed fiscal year, the fees paid or accrued to PwC are as follows:
FUND FISCAL YEAR ENDED FEES - ---- ----------------- ------- CCAIMF 11/30/02 $20,580 CHIMT 11/30/02 $25,200 CIMF 11/30/02 $20,580 CIITI 11/30/02 $26,880 CIHIF 10/31/02 $31,395 CIGMT 11/30/02 $21,400 CMIT 11/30/02 $25,200 CNYIMF 11/30/02 $20,580
2. FINANCIAL INFORMATION SYSTEMS DESIGN AND IMPLEMENTATION FEES For each Fund's most recently completed fiscal year, none of the Funds, Columbia, or the entities controlling, controlled by, or under common control with Columbia that provide services to the Funds, paid or accrued any fees for financial information systems design and implementation services provided by PwC. 3. ALL OTHER FEES The fees paid or accrued by each Fund to PwC for tax services and all other services provided by PwC for the most recently completed fiscal year are as follows:
FUND FISCAL YEAR ENDED FEES - ---- ----------------- ------- CCAIMF 11/30/02 $12,100 CHIMT 11/30/02 $10,600 CIMF 11/30/02 $12,100 CIITI 11/30/02 $ 4,100 CIHIF 10/31/02 $ 5,100 CIGMT 11/30/02 $11,600 CMIT 11/30/02 $11,600 CNYIMF 11/30/02 $12,100
11 In addition, for all other services provided by PwC to Columbia, and entities controlling, controlled by, or under common control with Columbia that provide services to the Funds, aggregate fees for all other services paid or accrued to PwC were approximately $755,000. These non-audit services and general procedures related to other funds in the complex. The Audit Committee has determined that the provision of the services described above is compatible with maintaining the independence of PwC. OTHER BUSINESS The Meeting has been called to transact any business that properly comes before it. The only business that management of the Funds intends to present or knows that others will present is the election of Trustees. If any other matters properly come before the Meeting, and on all matters incidental to the conduct of the Meeting, the persons named as proxies intend to vote the proxies in accordance with their judgment, unless the Secretary of the Funds has previously received written contrary instructions from the shareholder entitled to vote the shares. OUTSTANDING SHARES AND SIGNIFICANT SHAREHOLDERS All shareholders of record at the close of business on February 28, 2003, are entitled to one vote for each share held on that date and holders of Common Shares are entitled to fractional votes for any fractional shares held on that date. The table in APPENDIX D lists for each Fund the total number of shares outstanding as of the close of business on February 28, 2003, for each class of a Fund's shares entitled to vote at the Meeting. The table in APPENDIX E lists the holders of more than five percent of any class of shares of each Fund as of the close of business on February 28, 2003, based on filings made by such holders pursuant to Sections 13(d) and 16(a) of the Securities Exchange Act of 1934, as amended. INFORMATION ABOUT THE MEETING AND THE VOTING AND TABULATION OF PROXIES All proxies solicited by or on behalf of the Board that are properly executed and returned in time to be voted at the Meeting will be voted at the Meeting as instructed on the proxy. If no instructions are given, the proxy will be voted in favor of the nominees for election as Trustees. 12 Any proxy may be revoked at any time prior to its being exercised by written notification received by the Funds' Secretary, by the execution of a later- dated proxy, or by attending the meeting and voting in person. Votes cast in person or by proxy at the Meeting will be counted by persons appointed by the Funds as tellers for the Meeting (the "Tellers"). For each of CCAIMF, CIMF, CNYIMF and CMIT, 30% of the shares of the Fund outstanding on the record date and entitled to vote, present at the Meeting in person or represented by proxy, constitutes a quorum for the transaction of business by the shareholders of that Fund. For each of CHIMT, CIGMT, CIHIF and CIITI, a majority of the shares of the Fund outstanding on the record date and entitled to vote, present at the Meeting in person or represented by proxy, constitutes a quorum for the transaction of business by the shareholders of that Fund. The election of Trustees is by plurality of votes cast at the Meeting. Only shareholders of record on February 28, 2003 may vote. In determining whether a quorum is present, the Tellers will count shares represented by proxies that reflect abstentions, and "broker non-votes," as shares that are present and entitled to vote. With respect to the election of Trustees, withheld authority, abstentions and broker non-votes have no effect on the outcome of voting. "Broker non-votes" are shares held by brokers or nominees as to which (i) the broker or nominee does not have discretionary voting power, and (ii) the broker or nominee has not received instructions from the beneficial owner or other person who is entitled to instruct how the shares will be voted. ADJOURNMENTS In the event that a quorum is present at the Meeting but sufficient votes to approve any of the proposals have not been received, the persons named as proxies may propose one or more adjournments of the Meeting to permit further solicitation of proxies. A shareholder vote may be taken on one or more of the proposals referred to above prior to such adjournment if sufficient votes have been received and it is otherwise appropriate. Any such adjournment will require the affirmative vote of a majority of those shares present at the Meeting (including abstentions and broker non-votes) in person or by proxy. If a quorum is present, the persons named as proxies will vote those proxies that entitle them to vote FOR any such proposal in favor of such adjournment and will vote those proxies that require them to vote for rejection of any such proposal against any such adjournment. 13 SUBMISSION OF PROPOSALS FROM SHAREHOLDERS AT FUTURE MEETINGS Under the proxy rules of the Securities and Exchange Commission (the "SEC"), shareholder proposals that meet tests contained in those rules may, under certain conditions, be included in a Fund's proxy materials for an annual shareholder's meeting. Under the proxy rules, proposals submitted for inclusion in the proxy materials for the 2003 Annual Meeting must be received by the relevant Fund on or before December 26, 2003. The fact that a Fund receives a shareholder proposal in a timely manner does not ensure inclusion of the proposal in the proxy materials since there are other requirements in the proxy rules relating to such inclusion. Shareholders who wish to make a proposal at the 2004 Annual Meeting that will not be included in the Funds' proxy materials must notify the relevant Fund on or before March 12, 2004. If a shareholder who wishes to submit a proposal fails to timely notify the relevant Fund, the proxies solicited for the meeting will have discretionary authority to vote on the shareholder's proposal if it is properly brought before the meeting. If a shareholder makes a timely notification, the proxies may still exercise discretionary voting authority under circumstances consistent with the SEC's proxy rules. You may submit shareholder proposals to the Secretary of the Liberty Funds, One Financial Center, Boston, Massachusetts 02111-2621. COMPLIANCE WITH SECTION 16(A) OF THE SECURITIES EXCHANGE ACT OF 1934 (BENEFICIAL OWNERSHIP REPORTING) Section 16(a) of the Securities Exchange Act of 1934, as amended, requires the Funds' Trustees and officers, persons who own more than ten percent of a Fund's outstanding shares and certain officers and directors of the Fund's Advisor (collectively, "Section 16 reporting persons"), to file with the SEC initial reports of beneficial ownership and reports of changes in beneficial ownership of Fund shares. Section 16 reporting persons are required by SEC regulations to furnish the Funds with copies of all Section 16(a) forms that they file. To the Funds' knowledge, based solely on a review of the copies of such reports furnished to the Funds, and on representations made, all Section 16 reporting persons complied with all Section 16(a) filing requirements applicable to them except as noted below. 14 For each of the following persons, who are subject to Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), with respect to the Funds' because of the requirements of Section 30 of the Investment Company Act of 1940, a Form 3 report, which is required by Section 16(a) of the Exchange Act, was not filed on a timely basis. Roger A. Sayler (no holdings) Philip J. Iudice, Jr. (no holdings) Maureen Newman (no holdings) Laura Ostrander (no holdings) Scott B. Richards (no holdings) Greg R. Smalley (no holdings) OTHER INFORMATION EACH FUND HAS PREVIOUSLY SENT ITS MOST RECENT ANNUAL REPORT AND ANY SUBSEQUENT SEMI-ANNUAL REPORT TO ITS SHAREHOLDERS. YOU MAY OBTAIN A COPY OF THESE REPORTS, FREE OF CHARGE, BY WRITING TO COLUMBIA AT ONE FINANCIAL CENTER, BOSTON, MA, 02111-2621, OR BY CALLING 1-800-426-3750. 15 APPENDIX A -- TRUSTEE AND OFFICER INFORMATION The names and ages of the Trustees and executive officers of the Funds, the year each was first elected or appointed to office, their principal business occupations during at least the last five years, the number of portfolios in the Fund Complex overseen by each Trustee and other directorships that each Trustee holds are shown below. The address of each Trustee and officer is One Financial Center, Boston, MA 02111. The "Fund Complex" includes the Liberty Funds, the All-Star Funds, and the Columbia Funds. The All-Star Funds and the Columbia Funds have separate boards of directors or trustees, as applicable. TRUSTEES
NUMBER OF PORTFOLIOS IN FUND YEAR FIRST ELECTED COMPLEX POSITION OR APPOINTED TO PRINCIPAL OCCUPATION(S) OVERSEEN NAME AND AGE WITH FUNDS OFFICE DURING PAST FIVE YEARS BY TRUSTEE - ---------------------- ----------- --------------------- ------------------------------- ------------- DISINTERESTED TRUSTEES Douglas A. Hacker Trustee CHIMT -- 2000 Executive Vice 92 (Age 47) CIGMT -- 2000 President-Strategy of United CIITI -- 2000 Airlines (airline) since CCAIMF -- 2000 December, 2002 (formerly CIMF -- 2000 President of UAL Loyalty CNYIMF -- 2000 Services (airline) from CMIT -- 2000 September, 2001 to December, CIHIF -- 2000 2002; Executive Vice President and Chief Financial Officer of United Airlines from March, 1993 to September, 2001 of United Airliens; Senior Vice President and Chief Financial Officer of UAL, Inc. prior thereto). NAME AND AGE OTHER DIRECTORSHIPS HELD - ---------------------- ------------------------------- DISINTERESTED TRUSTEES Douglas A. Hacker None (Age 47)
16
NUMBER OF PORTFOLIOS IN FUND YEAR FIRST ELECTED COMPLEX POSITION OR APPOINTED TO PRINCIPAL OCCUPATION(S) OVERSEEN NAME AND AGE WITH FUNDS OFFICE DURING PAST FIVE YEARS BY TRUSTEE - ---------------------- ----------- --------------------- ------------------------------- ------------- Janet Langford Kelly Trustee CHIMT -- 2000 Executive Vice President- 92 (Age 45) CIGMT -- 2000 Corporate Development and CIITI -- 2000 Administration, General Counsel CCAIMF -- 2000 and Secretary, Kellogg Company CIMF -- 2000 (food manufacturer) since CNYIMF -- 2000 September, 1999; Senior Vice CMIT -- 2000 President, Secretary and CIHIF -- 2000 General Counsel, Sara Lee Corporation (branded, packaged, consumer-products manufacturer) from January, 1995 to September, 1999. Richard W. Lowry Trustee CHIMT -- 1995 Private Investor since August, 94 (Age 66) CIGMT -- 1995 1987 (formerly Chairman and CIITI -- 1995 Chief Executive Officer, U.S. CCAIMF -- 1999 Plywood Corporation (building CIMF -- 1999 products manufacturer)). CNYIMF -- 1999 CMIT -- 1995 CIHIF -- 1995 NAME AND AGE OTHER DIRECTORSHIPS HELD - ---------------------- ------------------------------- Janet Langford Kelly None (Age 45) Richard W. Lowry None (Age 66)
17
NUMBER OF PORTFOLIOS IN FUND YEAR FIRST ELECTED COMPLEX POSITION OR APPOINTED TO PRINCIPAL OCCUPATION(S) OVERSEEN NAME AND AGE WITH FUNDS OFFICE DURING PAST FIVE YEARS BY TRUSTEE - ---------------------- ----------- --------------------- ------------------------------- ------------- Charles R. Nelson Trustee CHIMT -- 2000 Professor of Economics, 107 (Age 60) CIGMT -- 2000 University of Washington, since CIITI -- 2000 January 1976; Ford and Louisa CCAIMF -- 2000 Van Voorhis Professor of CIMF -- 2000 Political Economy, University CNYIMF -- 2000 of Washington, since September CMIT -- 2000 1993; Director, Institute for CIHIF -- 2000 Economic Research, University of Washington, since September 2001; Adjunct Professor of Statistics, University of Washington, since September 1980; Associate Editor, Journal of Money Credit and Banking, since September, 1993; Trustee of the Columbia Funds since July, 2002; consultant on econometric and statistical matters. John J. Neuhauser Trustee CHIMT -- 1985 Academic Vice President and 94 (Age 60) CIGMT -- 1985 Dean of Faculties since August, CIITI -- 1989 1999, Boston College (formerly CCAIMF -- 1999 Dean, Boston College School of CIMF -- 1999 Management from September, 1977 CNYIMF -- 1999 to September, 1999). CMIT -- 1985 CIHIF -- 1985 NAME AND AGE OTHER DIRECTORSHIPS HELD - ---------------------- ------------------------------- Charles R. Nelson None (Age 60) John J. Neuhauser Saucony, Inc. (athletic (Age 60) footwear); SkillSoft Corp. (E-learning)
18
NUMBER OF PORTFOLIOS IN FUND YEAR FIRST ELECTED COMPLEX POSITION OR APPOINTED TO PRINCIPAL OCCUPATION(S) OVERSEEN NAME AND AGE WITH FUNDS OFFICE DURING PAST FIVE YEARS BY TRUSTEE - ---------------------- ----------- --------------------- ------------------------------- ------------- Thomas E. Stitzel Trustee CHIMT -- 1998 Business Consultant since 1999 92 (Age 67) CIGMT -- 1998 (formerly Professor of Finance CIITI -- 1998 from 1975 to 1999 and Dean from CCAIMF -- 1999 1977 to 1991, College of CIMF -- 1999 Business, Boise State CNYIMF -- 1999 University); Chartered CMIT -- 1998 Financial Analyst. CIHIF -- 1998 Thomas C. Theobald Trustee CHIMT -- 2000 Managing Director, William 92 (Age 65) CIGMT -- 2000 Blair Capital Partners (private CIITI -- 2000 equity investing) since CCAIMF -- 2000 September, 1994 (formerly Chief CIMF -- 2000 Executive Officer and Chairman CNYIMF -- 2000 of the Board of Directors, CMIT -- 2000 Continental Bank Corporation). CIHIF -- 2000 NAME AND AGE OTHER DIRECTORSHIPS HELD - ---------------------- ------------------------------- Thomas E. Stitzel None (Age 67) Thomas C. Theobald Anixter International (network (Age 65) support equipment distributor); Jones Lang LaSalle (real estate management services) and MONY Group (life insurance).
19
NUMBER OF PORTFOLIOS IN FUND YEAR FIRST ELECTED COMPLEX POSITION OR APPOINTED TO PRINCIPAL OCCUPATION(S) OVERSEEN NAME AND AGE WITH FUNDS OFFICE DURING PAST FIVE YEARS BY TRUSTEE - ---------------------- ----------- --------------------- ------------------------------- ------------- Anne-Lee Verville Trustee CHIMT -- 1998 Author and speaker on 92 (Age 57) CIGMT -- 1998 educational systems needs CIITI -- 1998 (formerly General Manager, CCAIMF -- 1999 Global Education Industry from CIMF -- 1999 1994 to 1997, and President, CNYIMF -- 1999 Applications Solutions Division CMIT -- 1998 from 1991 to 1994, IBM CIHIF -- 1998 Corporation (global education and global applications)). INTERESTED TRUSTEES William E. Mayer* Trustee CHIMT -- 1994 Managing Partner, Park Avenue 94 (Age 62) CIGMT -- 1994 Equity Partners (private equity CIITI -- 1994 fund) since February, 1999 CCAIMF -- 1999 (formerly Founding Partner, CIMF -- 1999 Development Capital LLC from CNYIMF -- 1999 November 1996 to February, CMIT -- 1994 1999; Dean and Professor, CIHIF -- 1994 College of Business and Management, University of Maryland from October, 1992 to November, 1996). NAME AND AGE OTHER DIRECTORSHIPS HELD - ---------------------- ------------------------------- Anne-Lee Verville Chairman of the Board of (Age 57) Directors, Enesco Group, Inc. (designer, importer and distributor of giftware and collectibles). INTERESTED TRUSTEES William E. Mayer* Lee Enterprises (print and (Age 62) on-line media); WR Hambrecht + Co. (financial service provider); First Health (healthcare).
* Mr. Mayer is an "interested person" (as defined in the Investment Company Act of 1940, as amended) of the Fund by reason of his affiliation with WR Hambrecht + Co., a registered broker-dealer. 20
NUMBER OF PORTFOLIOS IN FUND YEAR FIRST ELECTED COMPLEX POSITION OR APPOINTED TO PRINCIPAL OCCUPATION(S) OVERSEEN NAME AND AGE WITH FUNDS OFFICE DURING PAST FIVE YEARS BY TRUSTEE - ---------------------- ----------- --------------------- ------------------------------- ------------- Joseph R. Palombo* Trustee, CHIMT -- 2000 Chief Operating Officer of 92 (Age 50) Chairman of CIGMT -- 2000 Columbia Management the Board CIITI -- 2000 Group, Inc. (Columbia and CCAIMF -- 2000 Management) since November, President CIMF -- 2000 2001 and Chief Operating CNYIMF -- 2000 Officer of the Advisor since CMIT -- 2000 August, 2002; formerly Chief CIHIF -- 2000 Operations Officer of Mutual Funds, Liberty Financial Companies, Inc. from August, 2000 to November, 2001; Executive Vice President of Stein Roe & Farnham Incorporated (Stein Roe) since April, 1999; Director of Stein Roe since September, 2000; President of the Liberty Funds since February, 2003; Trustee and Chairman of the Board of the Stein Roe Funds since October, 2000; Manager of Stein Roe Floating Rate Limited Liability Company since October, 2000 (formerly Vice President of the Liberty Funds from April, 1999 to August, 2000; Chief Operating Officer and Chief Compliance Officer, Putnam Mutual Funds from December, 1993 to March, 1999). NAME AND AGE OTHER DIRECTORSHIPS HELD - ---------------------- ------------------------------- Joseph R. Palombo* None (Age 50)
* Mr. Palombo is an interested person of the Funds because he is an employee of Columbia Management, an affiliate of the Fund's investment advisor, Columbia Management Advisers, Inc. 21
YEAR FIRST ELECTED OR POSITION APPOINTED TO PRINCIPAL OCCUPATION(S) NAME AND AGE WITH FUNDS OFFICE DURING PAST FIVE YEARS - ---------------------- ----------- --------------------- ------------------------------------------------------------ OFFICERS Vicki L. Benjamin Chief CHIMT -- 2001 Controller of the Liberty Funds and Liberty All-Star Funds (Age 41) Accounting CIGMT -- 2001 since May, 2002; Chief Accounting Officer of the Liberty Officer and CIITI -- 2001 Funds and Liberty All-Star Funds since June, 2001; Controller CCAIMF -- 2001 Controller and Chief Accounting Officer of the Galaxy Funds CIMF -- 2001 since September, 2002 (formerly Vice President, Corporate CNYIMF -- 2001 Audit, State Street Bank and Trust Company from May, 1998 to CMIT -- 2001 April, 2001; Audit Manager from July, 1994 to June, 1997 and CIHIF -- 2000 Senior Audit Manager from July, 1997 to May, 1998, Coopers & Lybrand, LLP). J. Kevin Connaughton Treasurer CHIMT -- 2000 Treasurer of the Liberty Funds and Liberty All-Star Funds (Age 38) CIGMT -- 2000 since December, 2000 (formerly Controller of the Liberty CIITI -- 2000 Funds and of the Liberty All-Star Funds from February, 1998 CCAIMF -- 2000 to October, 2000); Treasurer of the Stein Roe Funds since CIMF -- 2000 February, 2001 (formerly Controller from May, 2000 to CNYIMF -- 2000 February, 2001); Treasurer of the Galaxy Funds since CMIT -- 2000 September, 2002 (formerly Vice President from April, 2000 to CIHIF -- 2000 January, 2001; Vice President of Colonial from February, 1998 to October, 2000; Senior Tax Manager, Coopers & Lybrand, LLP from April, 1996 to January, 1998). Jean S. Loewenberg Secretary CHIMT -- 2002 Secretary of the Liberty Funds, and Liberty All-Star Funds (Age 57) CIGMT -- 2002 since February, 2002; General Counsel of Columbia Management CIITI -- 2002 Group since December, 2001; Senior Vice President since CCAIMF -- 2002 November, 1996 and Assistant General Counsel since CIMF -- 2002 September, 2002 of Fleet National Bank. CNYIMF -- 2002 CMIT -- 2002 CIHIF -- 2002
22 APPENDIX B.1 -- TRUSTEES' COMPENSATION For the calendar year ended December 31, 2002, the Trustees received the following compensation for serving as Trustees:
TOTAL COMPENSATION FROM THE FUND COMPLEX PAID TO THE PENSION OR RETIREMENT TRUSTEES FOR THE BENEFITS ACCRUED AS PART CALENDAR YEAR ENDED DISINTERESTED TRUSTEES OF FUND EXPENSES(A) DECEMBER 31, 2002(B) - ---------------------- ------------------------ --------------------------- Douglas A. Hacker N/A $ 98,000 Janet Langford Kelly N/A $ 97,000 Richard W. Lowry N/A $124,806 Salvatore Macera N/A $ 98,000 Charles R. Nelson N/A $120,182 John J. Neuhauser N/A $124,974 Thomas E. Stitzel N/A $ 98,000 Thomas C. Theobald N/A $102,000 Anne-Lee Verville(d) N/A $102,000(d) INTERESTED TRUSTEES - ---------------------- William E. Mayer N/A $127,806 Joseph R. Palombo(c) N/A N/A
(a) The Funds do not currently provide pension or retirement plan benefits to the Trustees. (b) The "Fund Complex" includes the Liberty Funds, the All-Star Funds, and the Columbia Funds. The All-Star Funds and the Columbia Funds have separate boards of directors or trustees, as applicable. (c) Mr. Palombo does not receive compensation from the funds in the Liberty Fund Complex because he is an employee of Columbia Management Group, Inc. which is an affiliate of the Fund's investment advisor, Columbia Management. (d) During the calendar year ended December 31, 2002, Ms. Verville deferred her total compensation pursuant to the deferred compensation plan. 23 APPENDIX B.2 -- TRUSTEES' COMPENSATION For the fiscal year ended November 30, 2002 (October 31, 2002 for CIHIF), the Trustees received from each Fund the following compensation for serving as Trustees:
AGGREGATE AGGREGATE AGGREGATE AGGREGATE COMPENSATION COMPENSATION COMPENSATION COMPENSATION FROM CHIMT FROM CIGMT FROM CIITI FROM CCAIMF FOR THE FISCAL FOR THE FISCAL FOR THE FISCAL FOR THE FISCAL YEAR ENDED YEAR ENDED YEAR ENDED YEAR ENDED DISINTERESTED TRUSTEE 11/30/02 11/30/02 11/30/02 11/30/02 - --------------------- -------------- -------------- -------------- -------------- Douglas A. Hacker $1,222 $872 $612 $532 Janet Langford Kelly 1,209 864 606 527 Richard W. Lowry 1,245 891 625 543 Salvatore Macera 1,222 872 612 532 James L. Moody, Jr. N/A N/A N/A N/A Charles R. Nelson 1,222 872 612 532 John J. Neuhauser 1,249 891 626 544 Thomas E. Stitzel 1,221 872 612 532 Thomas C. Theobald 1,270 907 637 553 Anne-Lee Verville(a) 1,271 908 637 553 INTERESTED TRUSTEE - ------------------------- William E. Mayer 1,283 916 643 558 Joseph R. Palombo(b) N/A N/A N/A N/A
(a) During the fiscal year ended November 30, 2002, Ms. Verville deferred her total compensation from the Funds pursuant to the deferred compensation plan. (b) Mr. Palombo does not receive compensation from the funds in the Fund Complex because he is an employee of Columbia Management Group, Inc. which is an affiliate of the Fund's investment advisor, Columbia Management. 24
AGGREGATE AGGREGATE AGGREGATE AGGREGATE COMPENSATION COMPENSATION COMPENSATION COMPENSATION FROM CIMF FROM CNYIMF FROM CMIT FROM CIHIF FOR THE FISCAL FOR THE FISCAL FOR THE FISCAL FOR THE FISCAL YEAR ENDED YEAR ENDED YEAR ENDED YEAR ENDED DISINTERESTED TRUSTEE 11/30/02 11/30/02 11/30/02 10/31/02 - --------------------- -------------- -------------- -------------- -------------- Douglas A. Hacker $627 $451 $1,074 $546 Janet Langford Kelly 621 447 1,063 541 Richard W. Lowry 640 461 1,096 558 Salvatore Macera 627 451 1,074 546 Charles R. Nelson 627 451 1,074 546 John J. Neuhauser 641 462 1,096 553 Thomas E. Stitzel 627 451 1,073 546 Thomas C. Theobald 653 469 1,117 568 Anne-Lee Verville(a) 653 469 1,117 568 INTERESTED TRUSTEE - ------------------------- William E. Mayer 659 474 1,128 574 Joseph R. Palombo(b) N/A N/A N/A N/A
(a) During the fiscal year ended November 30, 2002 (October 31, 2002 for CIHIF), Ms. Verville deferred her total compensation from the Funds pursuant to the deferred compensation plan. 25 APPENDIX C -- TRUSTEE SHARE OWNERSHIP The following table shows the dollar range of equity securities beneficially owned by each Trustee as of December 31, 2002 (i) in the Funds and (ii) in other funds overseen by the Trustees within the Fund Complex.
DOLLAR RANGE OF AGGREGATE DOLLAR RANGE OF EQUITY SECURITIES EQUITY SECURITIES IN ALL FUNDS OWNED IN THE OVERSEEN BY TRUSTEE IN DISINTERESTED TRUSTEES FUNDS FUND COMPLEX - --------------------------- ----------------- ------------------------------ Douglas A. Hacker $0 Over $100,000 Janet Langford Kelly $0 Over $100,000 Richard W. Lowry (a) $0 Over $100,000 Salvatore Macera $0 $50,001-$100,000 Charles R. Nelson(b) $0 Over $100,000 John J. Neuhauser (a) $0 Over $100,000 Thomas E. Stitzel $0 $50,001-$100,000 Thomas C. Theobald $0 Over $100,000 Anne-Lee Verville $0 Over $100,000(c) INTERESTED TRUSTEES William E. Mayer (a) $0 $50,001-$100,000 Joseph R. Palombo $0 $1-$10,000
(a) Mr. Lowry also serves as a Trustee/Director of the All-Star Funds. (b) Mr. Nelson also serves as a Trustee/Director of the Columbia Funds. (c) Ms. Verville's share ownership is held in her deferred compensation plan. TRUSTEE POSITIONS As of December 31, 2002, no disinterested Trustee or any of his or her immediate family members owned beneficially or of record any class of securities of FleetBoston Financial, Columbia Management Advisers, Inc., another investment advisor, sub-advisor or portfolio manager of any of the Funds in the Funds Complex, or any person controlling, controlled by or under common control with any such entity. 26 APPENDIX D -- SHARES OUTSTANDING AND ENTITLED TO VOTE As of the close of business on February 28, 2003, the Funds had outstanding and entitled to vote at the Meeting the following shares of beneficial interest:
FUND COMMON SHARES PREFERRED SHARES - ----------------------------------- --------------- ---------------- CCAIMF 2,776,004.120 978 CHIMT 31,097,982.000 4,800 CIMF 4,239,148.670 1,492 CIITI 11,009,000.000 N/A CIHIF 20,867,809.0360 N/A CIGMT 11,509,000.000 2,400 CMIT 27,656,180.000 3,600 CNYIMF 1,610,402.670 564
27 APPENDIX E -- OWNERSHIP OF SHARES As of the close of business on February 28, 2003, the following persons were known to own beneficially or of record more than 5% of the outstanding securities of each of the following Funds:
# OF % OF CLASS OF SHARES SHARES FUND SHARES NAME AND ADDRESS OWNED OWNED - --------------------- --------- ------------------------- ---------- -------- CCAIMF Common Cede & CO Fast Depository 2,688,552 96.84% Trust Co 55 Water St. 25th Floor New York, NY 10004 CHIMT Common Cede & CO Fast Depository 27,518,020 88.48% Trust Co 55 Water St. 25th Floor New York, NY 10004 CIMF Common Cede & CO Fast Depository 4,144,812 97.77% Trust Co 55 Water St. 25th Floor New York, NY 10004 CIITI N/A Cede & CO Fast Depository 9,822,788 89.22% Trust Co 55 Water St. 25th Floor New York, NY 10004 CIHIF N/A Cede & CO Fast Depository 19,233,235 92.17% Trust Co 55 Water St. 25th Floor New York, NY 10004 CIGMT Common Cede & CO Fast Depository 10,093,796 87.70% Trust Co 55 Water St. 25th Floor New York, NY 10004 CMIT Common Cede & CO Fast Depository 23,367,302 84.49% Trust Co 55 Water St. 25th Floor New York, NY 10004 CNYIMF Common Cede & CO Fast Depository 1,584,135 98.36% Trust Co 55 Water St. 25th Floor New York, NY 10004
28 APPENDIX F -- AUDIT COMMITTEE CHARTER AUDIT COMMITTEE CHARTER (Adopted August 14, 2001 Revised June 19, 2002) I. COMPOSITION OF THE AUDIT COMMITTEE. The Audit Committee shall be comprised of at least three Board members, none of whom shall be an "interested" Board member as defined in the Investment Company Act of 1940, or have any other relationship with the Liberty group of mutual funds (the "Funds") that may interfere with their exercise of independence from management and the Funds and shall otherwise satisfy any applicable membership requirements under the rules of the New York Stock Exchange, Inc., National Association of Securities Dealers, Inc. and American Stock Exchange, Inc.(1) II. PURPOSES OF THE AUDIT COMMITTEE. The purposes of the Audit Committee are to assist the Board in: 1. Its oversight of the Funds' accounting and financial reporting policies and practices and of accounting services provided to the Funds, including internal accounting controls and procedures; 2. Its oversight of the quality and objectivity of the Funds' financial statements and the independent audit thereof; 3. Recommending the independent auditors to be selected by the Board, evaluating and, where deemed appropriate, recommending replacing the outside auditors. The function of the Audit Committee is oversight. Management of the Funds is responsible for the preparation, presentation and integrity of the Funds' financial statements. Management and its internal accounting department are responsible for maintaining appropriate accounting and financial reporting principles and - ------------------------ (1) The New York Stock Exchange rules require the Board of Trustees of each of its listed companies to determine, with respect to each member of the Audit Committee, that (a) each member of the Committee is "independent," within the meaning of the rules, (b) each member of the Committee is "financially literate," within the meaning of the rules, and (c) at least one member of the Committee has accounting or related financial management expertise, as the Board interprets such qualification in its business judgment. The Fund Board will make such determinations each time a new member joins the Audit Committee. 29 policies and internal controls and procedures designed to assure compliance with accounting standards and applicable laws and regulations. Independent auditors are responsible for planning and carrying out proper audits and reviews. The independent auditors are ultimately accountable to the Board and Audit Committee of the Board. The Board has the ultimate authority and responsibility to select, evaluate and, where appropriate, replace the independent auditors. III. MEETINGS OF THE AUDIT COMMITTEE. The Audit Committee shall meet at least twice annually, or more frequently if circumstances dictate. The Audit Committee shall set its agenda and the places and times of its meetings. The Audit Committee may meet alone, without the presence of management personnel, with any independent accounting firm rendering reports to the Audit Committee or with independent legal counsel. The Audit Committee shall keep minutes of its meetings. IV. DUTIES AND POWERS OF THE AUDIT COMMITTEE. To carry out its purposes, the Audit Committee shall have the following duties and powers: 1. The Audit Committee shall review and discuss the audited financial statements and other financial information with management and the independent auditors for the Funds. Such review and discussion will include any management letters, auditor recommendations to management, and valuation procedures and fair valuation methodologies employed with regard to the Funds. 2. The Audit Committee shall review and discuss with the independent auditors: (a) the scope of audits and audit reports; (b) the personnel, staffing, qualifications and experience of the auditors; (c) the compensation of the auditors; and (d) the independence of the auditors, regarding which the Audit Committee shall secure from the auditors the information required by Independence Standards Board Standard No. 1. The Audit Committee shall actively engage in a dialogue with the independent auditors with respect to any disclosed relationships or services that may impact the objectivity and independence of the independent auditors. The Audit Committee also shall be responsible for recommending that the Board of Trustees take appropriate action in response to 30 the independent auditors' report to satisfy itself of the independent auditors' independence. 3. The Audit Committee also shall review and discuss with the independent auditors the matters required to be discussed pursuant to SAS 61, including the following: (a) the quality, not just the acceptability under generally accepted accounting principles, of the accounting principles applied by the Funds in their financial reporting; (b) the level of responsibility assumed by the auditors in the preparation of the audit; (c) the initial selection of and changes in significant accounting policies or their application, and the effect of significant accounting policies in controversial or emerging areas for which there is a lack of authoritative consensus or guidance; (d) the process used by management of the Funds in formulating particularly sensitive accounting estimates and the basis for the auditors' conclusions regarding the reasonableness of those estimates; (e) the auditors' responsibility for other information in documents containing audited financial statements, any procedures performed, and the results of such procedures; (f) any disagreements with management, whether or not satisfactorily resolved, about matters that individually or in the aggregate could be significant to a Fund's financial statements or the auditors' report; (g) any consultations with other accountants and significant matters that were the subject of such consultations; (h) any major issues discussed with management in connection with the initial or recurring retention of the auditors, including the application of accounting principles and auditing standards; and (i) any serious difficulties relating to the performance of the audit that the auditors encountered with management. 4. The Audit Committee shall prepare any report, including any recommendation of the Audit Committee, required by the rules of 31 the Securities and Exchange Commission to be included in the Funds' proxy statements. 5. The Audit Committee shall review this charter at least annually and recommend any changes to the full Board of Trustees; and 6. The Audit Committee shall report its activities to the full Board of Trustees on a regular basis and make such recommendations with respect to the above and other matters as the Audit Committee may deem necessary or appropriate. V. RESOURCES AND AUTHORITY OF THE AUDIT COMMITTEE. The Audit Committee shall have the resources and authority appropriate to discharge its responsibilities, including the authority to engage independent auditors for special audits, reviews and other procedures and to retain special counsel and other experts or consultants at the expense of the Funds. 32 COLONIAL CALIFORNIA INSURED MUNICIPAL FUND This Proxy Solicited on Behalf of the Board of Trustees The undersigned shareholder hereby appoints Heidi A. Hoefler, Russell L. Kane, Jean S. Loewenberg, Joseph R. Palombo, Vincent P. Pietropaolo, Joseph T. Turo and Rosemary D. Van Antwerp, each of them proxies of the undersigned, with power of substitution, to vote at the Annual Meeting of Shareholders of Colonial California Insured Municipal Fund to be held in Boston, Massachusetts, on Wednesday, May 21, 2003, and at any adjournments, as follows on the reverse side of this card. This proxy, when properly executed, will be voted in the manner directed herein and, absent direction, will be voted FOR the items on the reverse side. This proxy will be voted in accordance with the holder's best judgment as to any other matter. The Board of Trustees recommends a vote FOR the following items set forth on the reverse side. - ------------------------------------------------------------------------- PLEASE VOTE, DATE AND SIGN ON REVERSE AND RETURN PROMPTLY IN THE ENCLOSED ENVELOPE - ------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS? - --------------------------------------------- - ---------------------------------------------- - --------------------------------------------- - ---------------------------------------------- - --------------------------------------------- - ---------------------------------------------- COLONIAL CALIFORNIA INSURED MUNICIPAL FUND MUNICIPAL AUCTION RATE CUMULATIVE PREFERRED SHARES This Proxy Solicited on Behalf of the Board of Trustees The undersigned shareholder hereby appoints Heidi A. Hoefler, Russell L. Kane, Jean S. Loewenberg, Joseph R. Palombo, Vincent P. Pietropaolo, Joseph T. Turo and Rosemary D. Van Antwerp, each of them proxies of the undersigned, with power of substitution, to vote at the Annual Meeting of Shareholders of Colonial California Insured Municipal Fund to be held in Boston, Massachusetts, on Wednesday, May 21, 2003, and at any adjournments, as follows on the reverse side of this card. This proxy, when properly executed, will be voted in the manner directed herein and, absent direction, will be voted FOR the items on the reverse side. This proxy will be voted in accordance with the holder's best judgment as to any other matter. The Board of Trustees recommends a vote FOR the following items set forth on the reverse side. - ------------------------------------------------------------ PLEASE VOTE, DATE AND SIGN ON REVERSE AND RETURN PROMPTLY IN THE ENCLOSED ENVELOPE - ------------------------------------------------------------ HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS? - --------------------------------------------- - ---------------------------------------------- - --------------------------------------------- - ---------------------------------------------- - --------------------------------------------- - ---------------------------------------------- [PREFERRED SHARES] - ------ X PLEASE MARK VOTES AS IN THIS EXAMPLE - ------ For All With- For All COLONIAL CALIFORNIA INSURED MUNICIPAL FUND 1. TO ELECT FIVE TRUSTEES. Nominees hold Except (Item 1(d) of Notice) Mark box at right if an address change or comment has been noted on the reverse side of this card (01) Douglas A. Hacker (02) Richard W. Lowry (03) William E. Mayer (04) Charles R. Nelson (05) Thomas E. Stitzel Instruction: To withhold authority to vote for any individual nominee, mark the "For all except" box and strike a line through the name(s) of the nominee(s). Your shares will be voted for the remaining nominee(s). 2. IN THEIR DISCRETION, UPON SUCH OTHER MATTERS AS MAY PROPERLY COME BEFORE THE MEETING. Please sign exactly as name(s) appear(s) hereon. Joint owners should each sign personally. When signing as attorney, executor, administrator, trustee or guardian, please give full title as such. If a corporation, please sign in corporate name by President or other authorized officer. If a partnership, please sign in partnership name by authorized person. Please be sure to sign and date this proxy Date ______________ Shareholder sign here ___________________________ Co-owner sign here _____________________________ [COMMON SHARES] - ------ X PLEASE MARK VOTES AS IN THIS EXAMPLE - ------ For All With- For All COLONIAL CALIFORNIA INSURED MUNICIPAL FUND 1. TO ELECT THREE TRUSTEES. Nominees hold Except (Item 1(d) of Notice) Mark box at right if an address change or comment has been noted on the reverse side of this card (01) Richard W. Lowry (02) William E. Mayer (03) Charles R. Nelson Instruction: To withhold authority to vote for any individual nominee, mark the "For all except" box and strike a line through the name(s) of the nominee(s). Your shares will be voted for the remaining nominee(s). 2. IN THEIR DISCRETION, UPON SUCH OTHER MATTERS AS MAY PROPERLY COME BEFORE THE MEETING. Please sign exactly as name(s) appear(s) hereon. Joint owners should each sign personally. When signing as attorney, executor, administrator, trustee or guardian, please give full title as such. If a corporation, please sign in corporate name by President or other authorized officer. If a partnership, please sign in partnership name by authorized person. Please be sure to sign and date this proxy Date ______________ Shareholder sign here ___________________________ Co-owner sign here _____________________________ COLONIAL HIGH INCOME MUNICIPAL TRUST This Proxy Solicited on Behalf of the Board of Trustees The undersigned shareholder hereby appoints Heidi A. Hoefler, Russell L. Kane, Jean S. Loewenberg, Joseph R. Palombo, Vincent P. Pietropaolo, Joseph T. Turo and Rosemary D. Van Antwerp, each of them proxies of the undersigned, with power of substitution, to vote at the Annual Meeting of Shareholders of Colonial High Income Municipal Trust to be held in Boston, Massachusetts, on Wednesday, May 21, 2003, and at any adjournments, as follows on the reverse side of this card. This proxy, when properly executed, will be voted in the manner directed herein and, absent direction, will be voted FOR the items on the reverse side. This proxy will be voted in accordance with the holder's best judgment as to any other matter. The Board of Trustees recommends a vote FOR the following items set forth on the reverse side. - ----------------------------------------------------------------------- PLEASE VOTE, DATE AND SIGN ON REVERSE AND RETURN PROMPTLY IN THE ENCLOSED ENVELOPE - ------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS? ============================================= - --------------------------------------------- COLONIAL HIGH INCOME MUNICIPAL TRUST MUNICIPAL AUCTION RATE CUMULATIVE PREFERRED SHARES This Proxy Solicited on Behalf of the Board of Trustees The undersigned shareholder hereby appoints Heidi A. Hoefler, Russell L. Kane, Jean S. Loewenberg, Joseph R. Palombo, Vincent P. Pietropaolo, Joseph T. Turo and Rosemary D. Van Antwerp, each of them proxies of the undersigned, with power of substitution, to vote at the Annual Meeting of Shareholders of Colonial High Income Municipal Trust to be held in Boston, Massachusetts, on Wednesday, May 21, 2003, and at any adjournments, as follows on the reverse side of this card. This proxy, when properly executed, will be voted in the manner directed herein and, absent direction, will be voted FOR the items on the reverse side. This proxy will be voted in accordance with the holder's best judgment as to any other matter. The Board of Trustees recommends a vote FOR the following items set forth on the reverse side. - ------------------------------------------------------------------- PLEASE VOTE, DATE AND SIGN ON REVERSE AND RETURN PROMPTLY IN THE ENCLOSED ENVELOPE - ------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS? ============================================= - --------------------------------------------- - ----------------------------------------------------------- COLONIAL HIGH INCOME MUNICIPAL TRUST MUNICIPAL AUCTION RATE CUMULATIVE PREFERRED SHARES (Series T Shares and Series W Shares) This Proxy Solicited on Behalf of the Board of Trustees The undersigned shareholder hereby appoints Heidi A. Hoefler, Russell L. Kane, Jean S. Loewenberg, Joseph R. Palombo, Vincent P. Pietropaolo, Joseph T. Turo and Rosemary D. Van Antwerp, each of them proxies of the undersigned, with power of substitution, to vote at the Annual Meeting of Shareholders of Colonial High Income Municipal Trust to be held in Boston, Massachusetts, on Wednesday, May 21, 2003, and at any adjournments, as follows on the reverse side of this card. This proxy, when properly executed, will be voted in the manner directed herein and, absent direction, will be voted FOR the items on the reverse side. This proxy will be voted in accordance with the holder's best judgment as to any other matter. The Board of Trustees recommends a vote FOR the following items set forth on the reverse side. PLEASE VOTE, DATE AND SIGN ON REVERSE AND RETURN PROMPTLY IN THE ENCLOSED ENVELOPE - ------------------------------------------------ HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS? ============================================= - --------------------------------------------- [COMMON SHARES] - ------ X PLEASE MARK VOTES AS IN THIS EXAMPLE - ------ For All With- For All COLONIAL HIGH INCOME MUNICIPAL TRUST 1. TO ELECT THREE TRUSTEES. Nominees hold Except (Item 1(a) of Notice) Mark box at right if an address change or comment has been noted on the reverse side of this card (01) Janet Langford Kelly (02) Joseph R. Palombo (03) Anne-Lee Verville Instruction: To withhold authority to vote for any individual nominee, mark the "For all except" box and strike a line through the name(s) of the nominee(s). Your shares will be voted for the remaining nominee(s). 2. IN THEIR DISCRETION, UPON SUCH OTHER MATTERS AS MAY PROPERLY COME BEFORE THE MEETING. Please sign exactly as name(s) appear(s) hereon. Joint owners should each sign personally. When signing as attorney, executor, administrator, trustee or guardian, please give full title as such. If a corporation, please sign in corporate name by President or other authorized officer. If a partnership, please sign in partnership name by authorized person. Please be sure to sign and date this proxy Date ______________ Shareholder sign here ___________________________ Co-owner sign here _____________________________ [PREFFERED SHARES] - ------ X PLEASE MARK VOTES AS IN THIS EXAMPLE - ------ For All With- For All COLONIAL HIGH INCOME MUNICIPAL TRUST 1. TO ELECT FIVE TRUSTEES. Nominees hold Except (Item 1(a) of Notice) Mark box at right if an address change or comment has been noted on the reverse side of this card (01) Douglas A. Hacker (02) Janet Langford Kelly (03) Joseph R. Palombo (04) Anne-Lee Verville (05) Thomas E. Stitzel Instruction: To withhold authority to vote for any individual nominee, mark the "For all except" box and strike a line through the name(s) of the nominee(s). Your shares will be voted for the remaining nominee(s). 2. IN THEIR DISCRETION, UPON SUCH OTHER MATTERS AS MAY PROPERLY COME BEFORE THE MEETING. Please sign exactly as name(s) appear(s) hereon. Joint owners should each sign personally. When signing as attorney, executor, administrator, trustee or guardian, please give full title as such. If a corporation, please sign in corporate name by President or other authorized officer. If a partnership, please sign in partnership name by authorized person. Please be sure to sign and date this proxy Date ______________ Shareholder sign here ___________________________ Co-owner sign here _____________________________ COLONIAL INVESTMENT GRADE MUNICIPAL TRUST This Proxy Solicited on Behalf of the Board of Trustees The undersigned shareholder hereby appoints Heidi A. Hoefler, Russell L. Kane, Jean S. Loewenberg, Joseph R. Palombo, Vincent P. Pietropaolo, Joseph T. Turo and Rosemary D. Van Antwerp, each of them proxies of the undersigned, with power of substitution, to vote at the Annual Meeting of Shareholders of Colonial Investment Grade Municipal Trust to be held in Boston, Massachusetts, on Wednesday, May 21, 2003, and at any adjournments, as follows on the reverse side of this card. This proxy, when properly executed, will be voted in the manner directed herein and, absent direction, will be voted FOR the items on the reverse side. This proxy will be voted in accordance with the holder's best judgment as to any other matter. The Board of Trustees recommends a vote FOR the following items set forth on the reverse side. - ---------------------------------------------------------------- PLEASE VOTE, DATE AND SIGN ON REVERSE AND RETURN PROMPTLY IN THE ENCLOSED ENVELOPE - ---------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS? ============================================= ============================================== - --------------------------------------------- - ---------------------------------------------- COLONIAL INVESTMENT GRADE MUNICIPAL TRUST MUNICIPAL AUCTION RATE CUMULATIVE PREFERRED SHARES This Proxy Solicited on Behalf of the Board of Trustees The undersigned shareholder hereby appoints Heidi A. Hoefler, Russell L. Kane, Jean S. Loewenberg, Joseph R. Palombo, Vincent P. Pietropaolo, Joseph T. Turo and Rosemary D. Van Antwerp, each of them proxies of the undersigned, with power of substitution, to vote at the Annual Meeting of Shareholders of Colonial Investment Grade Municipal Trust to be held in Boston, Massachusetts, on Wednesday, May 21, 2003, and at any adjournments, as follows on the reverse side of this card. This proxy, when properly executed, will be voted in the manner directed herein and, absent direction, will be voted FOR the items on the reverse side. This proxy will be voted in accordance with the holder's best judgment as to any other matter. The Board of Trustees recommends a vote FOR the following items set forth on the reverse side. - ---------------------------------------------------------------------------- PLEASE VOTE, DATE AND SIGN ON REVERSE AND RETURN PROMPTLY IN THE ENCLOSED ENVELOPE - --------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS? ============================================= ============================================== - --------------------------------------------- - ---------------------------------------------- [COMMON SHARES] ------ X PLEASE MARK VOTES AS IN THIS EXAMPLE ------ For All With- For All COLONIAL INVESTMENT GRADE MUNICIPAL TRUST 1. TO ELECT TWO TRUSTEES. Nominees hold Except (Item 1(b) of Notice) Mark box at right if an address change or comment has been noted on the reverse side of this card (01) Janet Langford Kelly (02) Joseph R. Palombo Instruction: To withhold authority to vote for any individual nominee, mark the "For all except" box and strike a line through the name(s) of the nominee(s). Your shares will be voted for the remaining nominee(s). 2. IN THEIR DISCRETION, UPON SUCH OTHER MATTERS AS MAY PROPERLY COME BEFORE THE MEETING. Please sign exactly as name(s) appear(s) hereon. Joint owners should each sign personally. When signing as attorney, executor, administrator, trustee or guardian, please give full title as such. If a corporation, please sign in corporate name by President or other authorized officer. If a partnership, please sign in partnership name by authorized person. Please be sure to sign and date this proxy Date ______________ Shareholder sign here ___________________________ Co-owner sign here _____________________________ [PREFERED SHARES] ------ X PLEASE MARK VOTES AS IN THIS EXAMPLE ------ For All With- For All COLONIAL INVESTMENT GRADE MUNICIPAL TRUST 1. TO ELECT FOUR TRUSTEES. Nominees hold Except (Item 1(b) of Notice) Mark box at right if an address change or comment has been noted on the reverse side of this card (01) Douglas A. Hacker (02) Janet Langford Kelly (03) Joseph R. Palombo (04) Thomas E. Stitzel Instruction: To withhold authority to vote for any individual nominee, mark the "For all except" box and strike a line through the name(s) of the nominee(s). Your shares will be voted for the remaining nominee(s). 2. IN THEIR DISCRETION, UPON SUCH OTHER MATTERS AS MAY PROPERLY COME BEFORE THE MEETING. Please sign exactly as name(s) appear(s) hereon. Joint owners should each sign personally. When signing as attorney, executor, administrator, trustee or guardian, please give full title as such. If a corporation, please sign in corporate name by President or other authorized officer. If a partnership, please sign in partnership name by authorized person. Please be sure to sign and date this proxy Date ______________ Shareholder sign here ___________________________ Co-owner sign here _____________________________ COLONIAL INTERMEDIATE HIGH INCOME FUND This Proxy Solicited on Behalf of the Board of Trustees The undersigned shareholder hereby appoints Heidi A. Hoefler, Russell L. Kane, Jean S. Loewenberg, Joseph R. Palombo, Vincent P. Pietropaolo, Joseph T. Turo and Rosemary D. VanAntwerp, each of them proxies of the undersigned, with power of substitution, to vote at the Annual Meeting of Shareholders of Colonial Intermediate High Income Fund to be held in Boston, Massachusetts, on Wednesday, May 21, 2003, and at any adjournments, as follows on the reverse side of this card. This proxy, when properly executed, will be voted in the manner directed herein and, absent direction, will be voted FOR the items on the reverse side. This proxy will be voted in accordance with the holder's best judgment as to any other matter. The Board of Trustees recommends a vote FOR the following items set forth on the reverse side. ------------------------------------------------- PLEASE VOTE, DATE AND SIGN ON REVERSE AND RETURN PROMPTLY IN THE ENCLOSED ENVELOPE ---------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS? - --------------------------------------------- - ---------------------------------------------- - --------------------------------------------- - ---------------------------------------------- - --------------------------------------------- - ---------------------------------------------- - ------ X PLEASE MARK VOTES AS IN THIS EXAMPLE - ------ For All With- For All COLONIAL INTERMEDIATE HIGH INCOME FUND 1. TO ELECT FOUR TRUSTEES. Nominees hold Except (Item 1(h) of Notice) Mark box at right if an address change or comment has been noted on the reverse side of this card (01) Douglas A. Hacker (02) Janet Langford Kelly (03) John J. Neuhauser (04) Joseph R. Palombo Instruction: To withhold authority to vote for any individual nominee, mark the "For all except" box and strike a line through the name(s) of the nominee(s). Your shares will be voted for the remaining nominee(s). 2. IN THEIR DISCRETION, UPON SUCH OTHER MATTERS AS MAY PROPERLY COME BEFORE THE MEETING. Please sign exactly as name(s) appear(s) hereon. Joint owners should each sign personally. When signing as attorney, executor, administrator, trustee or guardian, please give full title as such. If a corporation, please sign in corporate name by President or other authorized officer. If a partnership, please sign in partnership name by authorized person. Please be sure to sign and date this proxy Date ______________ Shareholder sign here ___________________________ Co-owner sign here _____________________________ COLONIAL INTERMARKET INCOME TRUST I This Proxy Solicited on Behalf of the Board of Trustees The undersigned shareholder hereby appoints Heidi A. Hoefler, Russell L. Kane, Jean S. Loewenberg, Joseph R. Palombo, Vincent P. Pietropaolo, Joseph T. Turo and Rosemary D. Van Antwerp, each of them proxies of the undersigned, with power of substitution, to vote at the Annual Meeting of Shareholders of Colonial Intermarket Income Trust I to be held in Boston, Massachusetts, on Wednesday, May 21, 2003, and at any adjournments, as follows on the reverse side of this card. This proxy, when properly executed, will be voted in the manner directed herein and, absent direction, will be voted FOR the items on the reverse side. This proxy will be voted in accordance with the holder's best judgment as to any other matter. The Board of Trustees recommends a vote FOR the following items set forth on the reverse side. - ------------------------------------------------------------------------ PLEASE VOTE, DATE AND SIGN ON REVERSE AND RETURN PROMPTLY IN THE ENCLOSED ENVELOPE - ---------------- HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS? ============================================= - ------ X PLEASE MARK VOTES AS IN THIS EXAMPLE - ------ For All With- For All COLONIAL INTERMARKET INCOME TRUST I 1. TO ELECT THREE TRUSTEES. Nominees hold Except (Item 1(c) of Notice) Mark box at right if an address change or comment has been noted on the reverse side of this card (01) Douglas A. Hacker (02) Janet Langford Kelly (03) Charles R. Nelson Instruction: To withhold authority to vote for any individual nominee, mark the "For all except" box and strike a line through the name(s) of the nominee(s). Your shares will be voted for the remaining nominee(s). 2. IN THEIR DISCRETION, UPON SUCH OTHER MATTERS AS MAY PROPERLY COME BEFORE THE MEETING. Please sign exactly as name(s) appear(s) hereon. Joint owners should each sign personally. When signing as attorney, executor, administrator, trustee or guardian, please give full title as such. If a corporation, please sign in corporate name by President or other authorized officer. If a partnership, please sign in partnership name by authorized person. Please be sure to sign and date this proxy Date ______________ Shareholder sign here ___________________________ Co-owner sign here _____________________________ COLONIAL INSURED MUNICIPAL FUND This Proxy Solicited on Behalf of the Board of Trustees The undersigned shareholder hereby appoints Heidi A. Hoefler, Russell L. Kane, Jean S. Loewenberg, Joseph R. Palombo, Vincent P. Pietropaolo, Joseph T. Turo and Rosemary D. Van Antwerp, each of them proxies of the undersigned, with power of substitution, to vote at the Annual Meeting of Shareholders of Colonial Insured Municipal Fund to be held in Boston, Massachusetts, on Wednesday, May 21, 2003, and at any adjournments, as follows on the reverse side of this card. This proxy, when properly executed, will be voted in the manner directed herein and, absent direction, will be voted FOR the items on the reverse side. This proxy will be voted in accordance with the holder's best judgment as to any other matter. The Board of Trustees recommends a vote FOR the following items set forth on the reverse side. - --------------------------------------------------------------------- PLEASE VOTE, DATE AND SIGN ON REVERSE AND RETURN PROMPTLY IN THE ENCLOSED ENVELOPE - ------------------------------------------------------------------ HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS? ============================================= --------------------- COLONIAL INSURED MUNICIPAL FUND MUNICIPAL AUCTION RATE CUMULATIVE PREFERRED SHARES This Proxy Solicited on Behalf of the Board of Trustees The undersigned shareholder hereby appoints Heidi A. Hoefler, Russell L. Kane, Jean S. Loewenberg, Joseph R. Palombo, Vincent P. Pietropaolo, Joseph T. Turo and Rosemary D. Van Antwerp, each of them proxies of the undersigned, with power of substitution, to vote at the Annual Meeting of Shareholders of Colonial Insured Municipal Fund to be held in Boston, Massachusetts, on Wednesday, May 21, 2003, and at any adjournments, as follows on the reverse side of this card. This proxy, when properly executed, will be voted in the manner directed herein and, absent direction, will be voted FOR the items on the reverse side. This proxy will be voted in accordance with the holder's best judgment as to any other matter. The Board of Trustees recommends a vote FOR the following items set forth on the reverse side. - ---------------------------------------------------------------------------- PLEASE VOTE, DATE AND SIGN ON REVERSE AND RETURN PROMPTLY IN THE ENCLOSED ENVELOPE - -------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS? ============================================= -------------------- [PREFERRED SHARES] - ------ X PLEASE MARK VOTES AS IN THIS EXAMPLE - ------ For All With- For All COLONIAL INSURED MUNICIPAL FUND 1. TO ELECT FIVE TRUSTEES. Nominees hold Except (Item 1(e) of Notice) Mark box at right if an address change or comment has been noted on the reverse side of this card (01) Douglas A. Hacker (02) Richard W. Lowry (03) William E. Mayer (04) Charles R. Nelson (05) Thomas E. Stitzel Instruction: To withhold authority to vote for any individual nominee, mark the "For all except" box and strike a line through the name(s) of the nominee(s). Your shares will be voted for the remaining nominee(s). 2. IN THEIR DISCRETION, UPON SUCH OTHER MATTERS AS MAY PROPERLY COME BEFORE THE MEETING. Please sign exactly as name(s) appear(s) hereon. Joint owners should each sign personally. When signing as attorney, executor, administrator, trustee or guardian, please give full title as such. If a corporation, please sign in corporate name by President or other authorized officer. If a partnership, please sign in partnership name by authorized person. Please be sure to sign and date this proxy Date ______________ Shareholder sign here ___________________________ Co-owner sign here _____________________________ [COMMON SHARES] - ------ X PLEASE MARK VOTES AS IN THIS EXAMPLE - ------ For All With- For All COLONIAL INSURED MUNICIPAL FUND 1. TO ELECT THREE TRUSTEES. Nominees hold Except (Item 1(e) of Notice) Mark box at right if an address change or comment has been noted on the reverse side of this card (01) Richard W. Lowry (02) William E. Mayer (03) Charles R. Nelson Instruction: To withhold authority to vote for any individual nominee, mark the "For all except" box and strike a line through the name(s) of the nominee(s). Your shares will be voted for the remaining nominee(s). 2. IN THEIR DISCRETION, UPON SUCH OTHER MATTERS AS MAY PROPERLY COME BEFORE THE MEETING. Please sign exactly as name(s) appear(s) hereon. Joint owners should each sign personally. When signing as attorney, executor, administrator, trustee or guardian, please give full title as such. If a corporation, please sign in corporate name by President or other authorized officer. If a partnership, please sign in partnership name by authorized person. Please be sure to sign and date this proxy Date ______________ Shareholder sign here ___________________________ Co-owner sign here _____________________________ COLONIAL NEW YORK INSURED MUNICIPAL FUND This Proxy Solicited on Behalf of the Board of Trustees The undersigned shareholder hereby appoints Heidi A. Hoefler, Russell L. Kane, Jean S. Loewenberg, Joseph R. Palombo, Vincent P. Pietropaolo, Joseph T. Turo and Rosemary D. Van Antwerp, each of them proxies of the undersigned, with power of substitution, to vote at the Annual Meeting of Shareholders of Colonial New York Insured Municipal Fund to be held in Boston, Massachusetts, on Wednesday, May 21, 2003, and at any adjournments, as follows on the reverse side of this card. This proxy, when properly executed, will be voted in the manner directed herein and, absent direction, will be voted FOR the items on the reverse side. This proxy will be voted in accordance with the holder's best judgment as to any other matter. The Board of Trustees recommends a vote FOR the following items set forth on the reverse side. - ----------------------------------------------------------------------- PLEASE VOTE, DATE AND SIGN ON REVERSE AND RETURN PROMPTLY IN THE ENCLOSED ENVELOPE - --------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS? ============================================= COLONIAL NEW YORK INSURED MUNICIPAL FUND MUNICIPAL AUCTION RATE CUMULATIVE PREFERRED SHARES This Proxy Solicited on Behalf of the Board of Trustees The undersigned shareholder hereby appoints Heidi A. Hoefler, Russell L. Kane, Jean S. Loewenberg, Joseph R. Palombo, Vincent P. Pietropaolo, Joseph T. Turo and Rosemary D. Van Antwerp, each of them proxies of the undersigned, with power of substitution, to vote at the Annual Meeting of Shareholders of Colonial New York Insured Municipal Fund to be held in Boston, Massachusetts, on Wednesday, May 21, 2003, and at any adjournments, as follows on the reverse side of this card. This proxy, when properly executed, will be voted in the manner directed herein and, absent direction, will be voted FOR the items on the reverse side. This proxy will be voted in accordance with the holder's best judgment as to any other matter. The Board of Trustees recommends a vote FOR the following items set forth on the reverse side. - -------------------------------------------------------------------------- PLEASE VOTE, DATE AND SIGN ON REVERSE AND RETURN PROMPTLY IN THE ENCLOSED ENVELOPE - ----------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS? ============================================= -------------- [PREFERRED SHARES] - ------ X PLEASE MARK VOTES AS IN THIS EXAMPLE - ------ For All With- For All COLONIAL NEW YORK INSURED MUNICIPAL FUND 1. TO ELECT FIVE TRUSTEES. Nominees hold Except (Item 1(f) of Notice) Mark box at right if an address change or comment has been noted on the reverse side of this card (01) Douglas A. Hacker (02) Richard W. Lowry (03) William E. Mayer (04) Charles R. Nelson (05) Thomas E. Stitzel Instruction: To withhold authority to vote for any individual nominee, mark the "For all except" box and strike a line through the name(s) of the nominee(s). Your shares will be voted for the remaining nominee(s). 2. IN THEIR DISCRETION, UPON SUCH OTHER MATTERS AS MAY PROPERLY COME BEFORE THE MEETING. Please sign exactly as name(s) appear(s) hereon. Joint owners should each sign personally. When signing as attorney, executor, administrator, trustee or guardian, please give full title as such. If a corporation, please sign in corporate name by President or other authorized officer. If a partnership, please sign in partnership name by authorized person. Please be sure to sign and date this proxy Date ______________ Shareholder sign here ___________________________ Co-owner sign here _____________________________ [COMMON SHARES] - ------ X PLEASE MARK VOTES AS IN THIS EXAMPLE - ------ For All With- For All COLONIAL NEW YORK INSURED MUNICIPAL FUND 1. TO ELECT THREE TRUSTEES. Nominees hold Except (Item 1(f) of Notice) Mark box at right if an address change or comment has been noted on the reverse side of this card (01) Richard W. Lowry (02) William E. Mayer (03) Charles R. Nelson Instruction: To withhold authority to vote for any individual nominee, mark the "For all except" box and strike a line through the name(s) of the nominee(s). Your shares will be voted for the remaining nominee(s). 2. IN THEIR DISCRETION, UPON SUCH OTHER MATTERS AS MAY PROPERLY COME BEFORE THE MEETING. Please sign exactly as name(s) appear(s) hereon. Joint owners should each sign personally. When signing as attorney, executor, administrator, trustee or guardian, please give full title as such. If a corporation, please sign in corporate name by President or other authorized officer. If a partnership, please sign in partnership name by authorized person. Please be sure to sign and date this proxy Date ______________ Shareholder sign here ___________________________ Co-owner sign here _____________________________ COLONIAL MUNICIPAL INCOME TRUST This Proxy Solicited on Behalf of the Board of Trustees The undersigned shareholder hereby appoints Heidi A. Hoefler, Russell L. Kane, Jean S. Loewenberg, Joseph R. Palombo, Vincent P. Pietropaolo, Joseph T. Turo and Rosemary D. Van Antwerp, each of them proxies of the undersigned, with power of substitution, to vote at the Annual Meeting of Shareholders of Colonial Municipal Income Trust to be held in Boston, Massachusetts, on Wednesday, May 21, 2003, and at any adjournments, as follows on the reverse side of this card. This proxy, when properly executed, will be voted in the manner directed herein and, absent direction, will be voted FOR the items on the reverse side. This proxy will be voted in accordance with the holder's best judgment as to any other matter. The Board of Trustees recommends a vote FOR the following items set forth on the reverse side. - ------------------------------------------------------------ PLEASE VOTE, DATE AND SIGN ON REVERSE AND RETURN PROMPTLY IN THE ENCLOSED ENVELOPE - ------- HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS? ============================================= -------------------- COLONIAL MUNICIPAL INCOME TRUST MUNICIPAL AUCTION RATE CUMULATIVE PREFERRED SHARES This Proxy Solicited on Behalf of the Board of Trustees The undersigned shareholder hereby appoints Heidi A. Hoefler, Russell L. Kane, Jean S. Loewenberg, Joseph R. Palombo, Vincent P. Pietropaolo, Joseph T. Turo and Rosemary D. Van Antwerp, each of them proxies of the undersigned, with power of substitution, to vote at the Annual Meeting of Shareholders of Colonial Municipal Income Trust to be held in Boston, Massachusetts, on Wednesday, May 21, 2003, and at any adjournments, as follows on the reverse side of this card. This proxy, when properly executed, will be voted in the manner directed herein and, absent direction, will be voted FOR the items on the reverse side. This proxy will be voted in accordance with the holder's best judgment as to any other matter. The Board of Trustees recommends a vote FOR the following items set forth on the reverse side. - ----------------------------------------------------------------------------- PLEASE VOTE, DATE AND SIGN ON REVERSE AND RETURN PROMPTLY IN THE ENCLOSED ENVELOPE - ------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS? ============================================= ------------------ [COMMON SHARES] - ------ X PLEASE MARK VOTES AS IN THIS EXAMPLE - ------ For All With- For All COLONIAL MUNICIPAL INCOME TRUST 1. TO ELECT TWO TRUSTEES. Nominees hold Except (Item 1(g) of Notice) Mark box at right if an address change or comment has been noted on the reverse side of this card (01) Janet Langford Kelly (02) Charles R. Nelson Instruction: To withhold authority to vote for any individual nominee, mark the "For all except" box and strike a line through the name(s) of the nominee(s). Your shares will be voted for the remaining nominee(s). 2. IN THEIR DISCRETION, UPON SUCH OTHER MATTERS AS MAY PROPERLY COME BEFORE THE MEETING. Please sign exactly as name(s) appear(s) hereon. Joint owners should each sign personally. When signing as attorney, executor, administrator, trustee or guardian, please give full title as such. If a corporation, please sign in corporate name by President or other authorized officer. If a partnership, please sign in partnership name by authorized person. Please be sure to sign and date this proxy Date ______________ Shareholder sign here ___________________________ Co-owner sign here _____________________________ [PREFERED SHARES] - ------ X PLEASE MARK VOTES AS IN THIS EXAMPLE - ------ For All With- For All COLONIAL MUNICIPAL INCOME TRUST 1. TO ELECT FOUR TRUSTEES. Nominees hold Except (Item 1(g) of Notice) Mark box at right if an address change or comment has been noted on the reverse side of this card (01) Douglas A. Hacker (02) Janet Langford Kelly (03) Charles R. Nelson (04) Thomas E. Stitzel Instruction: To withhold authority to vote for any individual nominee, mark the "For all except" box and strike a line through the name(s) of the nominee(s). Your shares will be voted for the remaining nominee(s). 2. IN THEIR DISCRETION, UPON SUCH OTHER MATTERS AS MAY PROPERLY COME BEFORE THE MEETING. Please sign exactly as name(s) appear(s) hereon. Joint owners should each sign personally. When signing as attorney, executor, administrator, trustee or guardian, please give full title as such. If a corporation, please sign in corporate name by President or other authorized officer. If a partnership, please sign in partnership name by authorized person. Please be sure to sign and date this proxy Date ______________ Shareholder sign here ___________________________ Co-owner sign here _____________________________ -----END PRIVACY-ENHANCED MESSAGE-----