770 Transactions effected pursuant to Rule 10f-3

On November 15, 2001, Colonial Intermediate High Income Fund (Fund) purchased
475,000 shares of common stock of Allied Waste North America, Inc. (Securities)
for a total purchase of $47,500,000 from Chase Manhattan Bank, NA 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 (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 afore mentioned  Securities: Salomon Smith Barney
Inc.; JP Morgan; Deutsche Banc Alex Brown,; UBS Warburg, Credit Suisse First
Boston, Lehman Brothers; ABN AMRO Incorporated; Credit Lyonnais Securities;
Banc One Capital Markets, Inc.; Scotia Capital ; Wachovia Securities.