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<TYPE>EX-99
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<FILENAME>exh.txt
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Colonial High Income Municipal Trust (Fund)

77L Changes in accounting principals and practices

The Fund has proposed to revoke its ss.171(c) election under the Internal
Revenue Code, thus changing its accounting method for premium amortization.

As required, effective December 1, 2001, the Colonial High Income
Municipal Trust has adopted the provisions of the AICPA Audit
and Accounting Guide for Investment Companies and began amortizing
and accreting all premiums and discounts on debt securities as
required for adherence to generally accepted accounting principles.
The financial statements and notes to financial statements have been
adjusted accordingly for the Fund, which were materially impacted
by this change.

770 Transactions effected pursuant to Rule 10f-3

On December 19, 2001,  Colonial  High Income  Municipal  Trust (Fund) purchased
$1,800,000  par  value  of  bonds  of  Puerto  Rico  Public  Authority  Finance
(Securities)  for a total purchase price of $1,915,326  from Morgan, Stanley &
Co., Inc. pursuant to a public offering in which Quick & Reilly, Inc. acted as a
participating  underwriter. Quick & Reilly,  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 Quick & Reilly, Inc., the following is a list of members of
the underwriting syndicate for the afore mentioned Securities: Goldman, Sachs &
Co.; Salomon Smith Barney Inc.; Bear, Stearns & Co., Inc.; Banc of America
Securities, LLC; Merrill Lynch & Co.; UBS PaineWebber, Inc.; Morgan Stanley &
Co.; Lehman Brothers; First Union National Bank; ABN Amro Financial
Services, Inc.




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