Colonial Intermediate HIgh Income Fund

On December 15, 2005, Colonial Intermediate HIgh Income Fund (Fund) purchased
130,000 par value of notes of Atlas Pipeline 8.125% 12/15/15 (Securities) for a
total purchase price of $130,000 from Wachovia Capital Markets LLC pursuant to a
public offering in which Banc of America Securities acted as a participating
underwriter. Banc of America Securities may be considered to be an affiliate of
the Fund.

The following information was collected pursuant to Rule 10f-3 procedures
adopted by the Fund's Trustees:

o The Fund's advisor, Columbia Management Advisors, Inc. (Advisor) o believed
that the gross underwriting spread associated with the purchase of the
Securities was reasonable and fair compared to the spreads in connection with
similar underwritings of similar securities being sold during a comparable
period of time;

o        The Securities were offered pursuant to an underwriting or similar
         agreement under which the underwriters were committed to purchase all
         of the Securities being offered;

o       The issuer of the Securities has been in continuous operation for at
        least three years;

o       The amount of Securities purchased did not exceed 25% of the amount
        of the offering;

o       The Securities were to be purchased at not more than the public offering
        price no later than the first day of the offering.

Along with Banc of America Securities, the following is a list of members of the
underwriting syndicate for the aforementioned Securities: Lehman Brothers, Inc.


On December 8, 2005, Colonial Intermediate HIgh Income Fund (Fund) purchased
100,000 par value of notes of CMS Energy Corp 6.875% 12/15/15 (Securities) for a
total purchase price of $100,000 from Citigroup Global Markets/Salomon Bros
pursuant to a public offering in which Banc of America Securities acted as a
participating underwriter. Banc of America Securities may be considered to be an
affiliate of the Fund.

The following information was collected pursuant to Rule 10f-3 procedures
adopted by the Fund's Trustees:

o The Fund's advisor, Columbia Management Advisors, Inc. (Advisor) o believed
that the gross underwriting spread associated with the purchase of the
Securities was reasonable and fair compared to the spreads in connection with
similar underwritings of similar securities being sold during a comparable
period of time;

o        The Securities were offered pursuant to an underwriting or similar
         agreement under which the underwriters were committed to purchase all
         of the Securities being offered;

o       The issuer of the Securities has been in continuous operation for at
        least three years;

o       The amount of Securities purchased did not exceed 25% of the amount
        of the offering;

o       The Securities were to be purchased at not more than the public offering
        price no later than the first day of the offering.

Along with Banc of America Securities, the following is a list of members of the
underwriting syndicate for the aforementioned Securities:  Citigroup; Merrill
Lynch & Co; Keybank Capital Markets; Wedbush Morgan Securities Inc.


On November 8, 2005, Colonial Intermediate HIgh Income Fund (Fund) purchased
385,000 par value of notes of Crown Americas Inc. 7.75% 15 (Securities) for a
total purchase price of $385,000 from Citigroup Global Markets/Salomon Bros
pursuant to a public offering in which Banc of America Securities acted as a
participating underwriter. Banc of America Securities may be considered to be an
affiliate of the Fund.

The following information was collected pursuant to Rule 10f-3 procedures
adopted by the Fund's Trustees:

o The Fund's advisor, Columbia Management Advisors, Inc. (Advisor) o believed
that the gross underwriting spread associated with the purchase of the
Securities was reasonable and fair compared to the spreads in connection with
similar underwritings of similar securities being sold during a comparable
period of time;

o        The Securities were offered pursuant to an underwriting or similar
         agreement under which the underwriters were committed to purchase all
         of the Securities being offered;

o       The issuer of the Securities has been in continuous operation for at
        least three years;

o       The amount of Securities purchased did not exceed 25% of the amount
        of the offering;

o       The Securities were to be purchased at not more than the public offering
        price no later than the first day of the offering.

Along with Banc of America Securities, the following is a list of members of the
underwriting syndicate for the aforementioned Securities:  Citigroup; Deutsche
Bank Securities, Inc.; Lehman Brothers; BNP Paribas Securities Corp; ABN Amro;
Credit Lyonnais; Credit Suisse First Boston Corp; Scotia Capital, Inc.