770 Transactions effected pursuant to Rule 10f-3


On February 8, 2002, Colonial Intermediate High Income Fund (Fund) purchased
235,000 shares of common stock notes of UCAR Finance Inc., for a total purchase
price of $235,000 from First Boston pursuant to a public offering in which
Fleet Securities, Inc. acted as a participating underwriter.  Fleet Securities,
Inc. 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, Colonial Management Associates, Inc. (Advisor), 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 Fleet Securities, Inc., the following is a list of members of
the underwriting syndicate for the aforementioned Securities:  JP Morgan,
Credit Suisse First Boston, ABN AMRO Incorporated and Scotia Capital.