Columbia International Value Fund Reopens for Purchases

Columbia International Value Fund Reopens for Purchases

Columbia International Value Fund reopens to purchases from new and existing investors on March 31, 2009. Columbia Management believes the fund’s reopening will present an opportunity for increased fund assets and assist the investment management team as it continues to take advantage of what they believe are opportunities in its investment universe.

Please review the prospectus supplement for additional details.

Columbia Management Group, LLC (“Columbia Management”) is the investment management division of Bank of America Corporation. Columbia Management entities furnish investment management services and products for institutional and individual investors. Columbia Funds are distributed by Columbia Management Distributors, Inc., member FINRA and SIPC. Columbia Management Distributors, Inc. is part of Columbia Management and an affiliate of Bank of America Corporation.