Seven Columbia Management funds have received 2011 Lipper Fund Awards as top-performing mutual funds in their respective Lipper categories as of December 31, 2010:

  • Columbia 120/20 Contrarian Equity Fund (I shares)
    Extended Large-Cap Core category (35 funds) - 3 years
  • Columbia US Treasury Index Fund (Z shares)
    General U.S. Treasury category (35 funds) - 3 years
  • Columbia European Equity Fund (I shares)
    European Region category (88 funds) - 5 years
  • Columbia Acorn International (Z shares)
    International Small/Mid-Cap Growth category (26 funds) - 10 years
  • Columbia Oregon Intermediate Municipal Bond (Z shares)
    Other States Intermediate Municipal Debt category (92 funds) - 10 years
  • Columbia Strategic Investor Fund (Z shares)
    Multi-Cap Core category (277 funds) - 10 years
  • Columbia Technology Fund (Z shares)
    Science & Technology category (101 funds) - 10 years

A Lipper Fund Award is presented to one fund in each Lipper category for achieving the strongest trend of consistent risk-adjusted performance against its category peers over three, five or 10 years for the period ending December 31, 2010.

"Having seven funds in seven separate categories recognized by Lipper demonstrates the depth and breadth of the Columbia Management product line-up," said Ted Truscott, CEO of U.S. Asset Management for Ameriprise Financial. "These awards are a testament to the disciplined investment processes and in-depth research capabilities of our investment management teams."

About Columbia Management:

Columbia Management is the seventh largest long-term asset manager in the U.S. with $355 billion in assets under management as of December 31, 2010. For more information, please visit columbiamanagement.com.

Investors should consider the investment objectives, risks, charges and expenses of a mutual fund carefully before investing. For a free prospectus, which contains this and other important information about the funds, visit ColumbiaManagement.com. The prospectus should be read carefully before investing.

Past performance does not guarantee future results.

Average annual
total returns as of
12/31/10

   1 year   3 Year   5 Year  

10
Year

  

Since
Inception

  

Inception
Date

  

Total Net
Annual
Operating
Expenses

  

Maximum
Front-
end sales
charge

Columbia 120/20
Contrarian Equity
(I shares*)

  16.02   -2.03   --   --   -4.13   10/18/2007   1.07%   --

Columbia US
Treasury Index
(Z shares)

  5.67   5.01   5.29   5.11   6.28   06/04/1991   0.66%   --

Columbia European
Equity
(I shares*)

  19.11   -1.58   8.33   --   10.52   07/15/2004   1.16%   --

Columbia Acorn
International
(Z shares)

  22.70   0.08   9.60   9.33   12.17   09/23/1992   0.99%   --

Columbia Oregon
Intermediate
Municipal Bond
Fund (Z Shares)

  2.01   3.69   3.57   4.37   6.71   07/02/1984   0.66%   --

Columbia Strategic
Investor (Z shares)

  17.25   -2.02   4.34   9.54   10.66   11/09/2000   1.06%   --

Columbia
Technology
(Z shares)

  25.93   -2.36   4.61   3.76   2.20   11/09/2000   1.22%   --

Source: Lipper as of 12/31/10

*Class I shares are available only to eligible investors. See the prospectus for eligibility requirements and other important information.

Class Z shares are sold only at NAV. Only eligible investors may purchase these shares. See the prospectus for eligibility requirements and other important information.

Investment products are not federally or FDIC-insured, are not deposits or obligations of, or guaranteed by any financial institution, and involve investment risks including possible loss of principal and fluctuation in value.

Columbia Funds are distributed by Columbia Management Investment Distributors, Inc., member FINRA and managed by Columbia Management Investment Advisers, LLC.

© 2011 Columbia Management Investment Advisers, LLC. All rights reserved.

Columbia Management
Ryan Lund
612-671-3459
ryan.s.lund@ampf.com
or
Charlie Keller
617-747-0462
charles.r.keller@ampf.com