Six Columbia Funds Received 2008 Lipper Fund Awards

BOSTON, April 10 /PRNewswire/ -- Columbia Management announced that six of
its funds received 2008 Lipper Fund Awards for their performance for the
three-, five- or 10-year periods ending December 31, 2007. These awards were
presented at the 2008 Lipper Fund Awards event last night in New York City and
are given to funds that have provided superior consistency and riskadjusted
returns when compared to a group of similar funds.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050720/CLW086LOGO-b )
"Columbia Management has an exceptional team of investment professionals
and we are very proud of the performance they are delivering to investors,"
said Michael Jones, president, Columbia Management. "While the performance of
Lipper award-winning managers speaks for itself, this recognition underscores
our dedication to strive to produce consistent, repeatable investment returns
for clients."
The Columbia funds recognized as part of this year's Lipper Fund Awards
include:
-- Columbia Mid Cap Value Fund; Z (NAMAX). (#1 of 237 funds in the Mid Cap
Value category for the three-year period as of 12/31/2007)

-- Columbia Convertible Securities Fund; A (PACIX), (#1 of 36 funds in the
Convertible Securities Funds for the 10-year period as of 12/31/2007)

-- Columbia Technology Fund; Z (CMTFX). (#1 of 221 funds in the Science
and Technology in the category for the five-year period as of
12/31/2007)

-- Columbia Oregon Intermediate Municipal Bond Fund; Z (CMBFX). (#1 of 73
funds in the Other States Intermediate Muni Debt Funds category for the
10-year period as of 12/31/2007)

-- Columbia Short Term Municipal Bond Fund; Z (NSMIX). (#1 of 54 funds in
the Short Municipal Debt Funds category for the three-year period as of
12/31/2007)

-- Columbia New York Intermediate Municipal Bond Fund; Z (GNYTX). (#1 of
29 funds in the New York Intermediate Municipal Debt category for the
five-year period as of 12/31/2007)

The Lipper Fund Awards are presented annually by Lipper, a leading global
mutual fund rating and research firm. The awards program highlights funds that
have excelled in delivering consistently strong risk-adjusted performance,
relative to peers. The awards are awarded to funds in 21 countries in Asia,
Europe and the United States.
Rankings do not take sales charges into account and are based on total
return, net of expenses and includes reinvested dividends. Lipper scores for
Consistent Return reflect funds' historical risk-adjusted returns, measured in
local currency, relative to peers. Funds registered for sale in a given
country are selected and then scores for Consistent Return are computed for
all Lipper classifications with five or more distinct portfolios. These
calculations span equity, mixed asset and bond funds. The scores are subject
to change every month and are calculated for the following periods: three-
year, five-year, ten-year, and overall. The overall calculation is based on an
equal-weighted average of percentile ranks for the Consistent Return metrics
over three-, five-, and ten-year periods (if applicable). The highest 20% of
funds in each classification are named Lipper Leaders for Consistent Return,
the next 20% receive a rating of 4, the middle 20% are rated 3, the next 20%
are rated 2, and the lowest 20% are rated 1.
Source: http://www.lipperweb.com .
Class Z shares have limited eligibility and the investment minimum
requirement may vary. Only eligible investors may purchase Class Z shares of
the fund, directly or by exchange. Please see the fund's prospectus for
eligibility, and other details. Performance results for other share classes
will vary.
Additional information on the Columbia funds receiving 2008 Lipper Fund
Awards
Columbia Mid Cap Value Fund; Z Shares ranked 18 out of 194 funds for the
five-year period, ending 12/31/2007. Columbia Mid Cap Value Fund; A Shares
ranked 11 out of 237 funds for the three-year period and ranked 19 out of 194
funds for the five-year period, respectively, ending 12/31/2007.
Columbia Convertible Securities Fund; A Shares ranked 42 out of 59 funds
for the three-year period and 31 out of 53 funds for the five-year period,
respectively, ending 12/31/2007.
Columbia Technology Fund; Z Shares ranked 7 out of 239 funds for the
three-year period ending 12/31/2007. Columbia Technology Fund; A Shares ranked
9 out of 239 funds for the three-year period and ranked 2 out of 221 funds for
the five-year period, respectively, ending 12/31/2007.
Columbia Oregon Intermediate Municipal Bond Fund; Z Shares ranked 4 out of
105 funds for the three-year period and 2 out of 98 funds for the five-year
period, respectively, ending 12/31/2007. Columbia Oregon Intermediate
Municipal Bond Fund; A Shares ranked 12 out of 105 funds for the three-year
period and ranked 4 out of 98 funds for the five-year period, respectively,
ending 12/31/2007.
Columbia Short Term Municipal Bond Fund; Z Shares ranked 3 out of 44 funds
for the five-year period and 17 out of 24 funds for the 10-year period,
respectively, ending 12/31/2007. Columbia Short Term Municipal Bond Fund; A
Shares ranked 6 out of 54 funds for the three-year period and ranked 6 out of
44 funds for the five-year period and 6 out of 24 funds for the 10-year
period, respectively, ending 12/31/2007.
Columbia New York Intermediate Municipal Bond Fund; Z Shares ranked 10 out
of 31 funds for the three-year period and 3 out of 15 funds for the 10-year
period, respectively, ending 12/31/2007. Columbia New York Intermediate
Municipal Bond Fund; A Shares ranked 18 out of 31 funds for the three-year
period and ranked 25 out of 29 funds for the five-year period, respectively,
ending 12/31/2007.
Past performance is no guarantee of future results.
Equity securities are subject to stock market fluctuations that occur in
response to economic and business developments. Investing in fixed-income
securities may involve certain risks, including the credit quality of
individual issuers, possible prepayments, market or economic developments and
yields and share price fluctuations due to changes in interest rates.
When interest rates go up, bond prices typically drop and vice versa.
There is no guarantee investors will achieve their investment objectives.
Investors should carefully consider the investment objectives, risks,
charges and expenses of any Columbia fund before investing. Contact your
Columbia Management representative for a prospectus, which contains this and
other important information about the fund. Read it carefully before
investing.
Columbia Management and its Affiliates
With $643.5 billion overall under management (as of December 31, 2007) and
a history that dates to the early 1900s, Columbia Management and its
affiliates make up one of the nation's largest and most experienced asset
management companies. Columbia offers a comprehensive array of investment
solutions, including equity, fixed-income and cash strategies to institutions,
corporations, advisors and high-net-worth investors. To learn more about
Columbia Management, visit http://www.columbiamanagement.com .
Columbia Management and its affiliates comprise the wealth and investment
management division of Bank of America Corporation. As of December 31, 2007,
Columbia Management and its affiliates' managed assets includes assets under
the discretionary management of Columbia Management Advisors, LLC ($370.2
billion); Columbia Wanger Asset Management, L.P. ($36.8 billion); U.S. Trust,
Bank of America Private Wealth Management ($225.2 billion); Premier Banking &
Investments ($22.9 billion), and United States Trust Company, National
Association, including its subsidiary, UST Advisers, Inc. ($112.3 billion).
Please note that, when the assets for these entities are aggregated, the total
assets will be greater than the Columbia Management and its affiliates' assets
as a result of sub advisory relationships between the various entities.
Bank of America
Bank of America is one of the world's largest financial institutions,
serving individual consumers, small and middle market businesses and large
corporations with a full range of banking, investing, asset management and
other financial and risk-management products and services. The company
provides unmatched convenience in the United States, serving more than 59
million consumer and small business relationships with more than 6,100 retail
banking offices, nearly 19,000 ATMs and award-winning online banking with
nearly 24 million active users. Bank of America is the No. 1 overall Small
Business Administration (SBA) lender in the United States and the No. 1 SBA
lender to minority-owned small businesses. The company serves clients in 175
countries and has relationships with 99 percent of the U.S. Fortune 500
companies and 83 percent of the Fortune Global 500. Bank of America
Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.
http://www.bankofamerica.com .
About Lipper
Lipper, a wholly-owned subsidiary of Reuters, provides independent insight
on global collective investments including mutual funds, retirement funds,
hedge funds, fund fees and expenses to the asset management and media
communities. Lipper is the world's leading fund research and analysis
organization covering over 177,000 share classes and over 98,000 funds in 53
registered for sale (RFS) universes. It provides the free Lipper Leader
ratings for mutual funds registered for sale in 27 countries. Additional
information is available at http://www.lipperweb.com .
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 and Excelsior Funds are distributed
by Columbia Management Distributors, Inc., member FINRA
http://www.finra.org/index.htm and SIPC http://www.sipc.org . Columbia
Management Distributors, Inc. is part of Columbia Management and an affiliate
of Bank of America Corporation.
NOT FDIC INSURED May Lose Value
NOT BANK ISSUED No Bank Guarantee
SOURCE Bank of America

Matthew Card, Bank of America, +1-617-434-1388,
matthew.card@bankofamerica.com