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Colonial High Income Municipal Trust

77E Legal Proceedings

On February 9, 2005, Columbia Management Advisors, Inc.
(which has since merged into Banc of America Capital Management,
LLC (now named Columbia Management Advisors, LLC)) ("Columbia")
and Columbia Funds Distributor, Inc. (which has been renamed
Columbia Management Distributors, Inc.) (the "Distributor")
(collectively, the "Columbia Group") entered into an Assurance
of Discontinuance with the New York Attorney General ("NYAG")
(the "NYAG Settlement") and consented to the entry of a
cease-and-desist order by the Securities and Exchange Commission
("SEC") (the "SEC Order"). The SEC Order and the NYAG Settlement
are referred to collectively as the "Settlements". The Settlements
contain substantially the same terms and conditions as outlined
in the agreements in principle which Columbia Group entered into
with the SEC and NYAG in March 2004.

Under the terms of the SEC Order, the Columbia Group agreed
among other things, to: pay $70 million in disgorgement and
$70 million in civil money penalties; cease and desist from
violations of the antifraud provisions and certain other provisions
of the federal securities laws; maintain certain compliance and
ethics oversight structures; retain an independent consultant
to review the Columbia Group's applicable supervisory, compliance,
control and other policies and procedures; and retain an independent
distribution consultant (see below). The Columbia Funds have also
voluntarily undertaken to implement certain governance measures
designed to maintain the independence of their boards of trustees.
The NYAG Settlement also, among other things, requires Columbia and
its affiliates to reduce management fees for certain Columbia Funds
(including the former Nations Funds) and other mutual funds
collectively by $32 million per year for five years, for a projected
total of $160 million in management fee reductions.

Pursuant to the procedures set forth in the SEC order, the $140
million in settlement amounts described above will be distributed
in accordance with a distribution plan developed by an independent
distribution consultant and approved by the SEC. The independent
distribution consultant has been in consultation with the staff of
the SEC and has submitted a proposed plan of distribution. The SEC
has not yet approved a final plan of distribution.

As a result of these matters or any adverse publicity or other
developments resulting from them, the market price of the shares
could decline.

A copy of the SEC Order is available on the SEC website at
http://www.sec.gov. A copy of the NYAG Settlement is available as
part of the Bank of America Corporation Form 8-K filing on
February 10, 2005.

In connection with the events described in detail above, various
parties have filed suit against certain funds, the Trustees of
the Columbia Funds, FleetBoston Financial Corporation and its
affiliated entities and/or Bank of America and its affiliated
entities.

On February 20, 2004, the Judicial Panel on Multidistrict
Litigation transferred these cases and cases against several
other mutual fund companies based on similar allegations to the
United States District Court in Maryland for consolidated or
coordinated pretrial proceedings (the "MDL"). Subsequently,
additional related cases were transferred to the MDL. On
September 29, 2004, the plaintiffs in the MDL filed amended
and consolidated complaints. One of these amended complaints
is a putative class action that includes claims under the
federal securities laws and state common law, and that names
Columbia, the Distributor, the Trustees of the Columbia Funds,
Bank of America Corporation and others as defendants. Another
of the amended complaints is a derivative action purportedly
on behalf of the Columbia Funds that asserts claims under federal
securities laws and state common law.

On February 25, 2005, Columbia and other defendants filed
motions to dismiss the claims in the pending cases. On March 1, 2006,
 for reasons stated in the court's memoranda dated November 3, 2005,
the U.S. District Court for the District of Maryland granted in part
and denied in part the defendants' motions to dismiss. The court
dismissed all of the class action claims pending against the Columbia
Funds Trusts and the Columbia Acorn Trust. As to Columbia, and the
Distributor, the claims under the Securities Act of 1933, the claims
 under Sections 34(b) and 36(a) of the Investment Company Act of 1940
("ICA") and the state law claims were dismissed. The claims under
Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and
claims under Section 36(b) of the ICA along with related claims under
Section 48(a) of the ICA were not dismissed.

On March 21, 2005, a purported class action was filed in
Massachusetts state court alleging that the conduct, including
market timing, entitles Class B shareholders in certain Columbia
funds to an exemption from contingent deferred sales charges upon
early redemption ("the CDSC Lawsuit"). The CDSC Lawsuit has been
removed  to federal court in Massachusetts and the federal
Judicial Panel has transferred the CDSC Lawsuit to the MDL.

The MDL is ongoing. Accordingly, an estimate of the financial impact
of this litigation on any fund, if any, cannot currently be made.

In 2004, certain Columbia funds, the Trustees of the Columbia
Funds, advisers and affiliated entities were named as defendants
in certain purported shareholder class and derivative actions making
claims, including claims under the Investment Company and the Investment
Advisers Acts of 1940 and state law. The suits allege, inter alia, that
the fees and expenses paid by the funds are excessive and that the
advisers and their affiliates inappropriately used fund assets to
distribute the funds and for other improper purpose. On March 2, 2005,
the actions were consolidated in the Massachusetts federal court as
In re Columbia Entities Litigation. The plaintiffs filed a consolidated
amended complaint on June 9, 2005. On November 30, 2005, the judge
dismissed all claims by plaintiffs and ordered that the case be closed.
The plaintiffs filed a notice of appeal on December 30, 2005 and this
appeal is pending.



770 Transactions effected pursuant to Rule 10f-3
Colonial High Income Municipal Trust

On February 3, 2006, Columbia High Income Municipal Trust
(Fund) purchased 1,000,000 par value of bonds of NY Tobacco TSASC INC
5.125% 6/1/42 (Securities) for a total purchase price of $964,040 from
Bear Stearns pursuant to a public offering in which Banc of America
Securities acted as a participating underwriter. Banc of America
Securities 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, Columbia Management Advisors, Inc. (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 Banc of America Securities, the following is a list of
members of the underwriting syndicate for the aforementioned
Securities: Bear, Stearns & Co. Inc.; First Albany Capital Inc.;
Merrill Lynch & Co., ABN AMRO Incorporated, Fidelity Capital
Markets; Raymond, James & Associates, Inc.; Sibert Brandford
Shank & Co.; Citigroup; Goldman, Sachs & Co.; Morgan Stanley; \
RBC Capital Markets; Banc of America Securities LLC; Loop Capital
Markets LLC; Roosevelt & Cross Incorporated; JP Morgan, Lehman
Brothers; UBS Investment Bank; M.R. Beal & Company; Ramirez
& Co., Inc.; SWS Securities; Wachovia Bank National Association

On May 18, 2006, Columbia High Income Municipal Trust  (Fund)
purchased 700,000 par value of notes of Government Development Bank
for PR 5.00% 12/1/15 (Securities) for a total purchase price of
$719,201 from Goldman Sachs pursuant to a public offering in which
Banc of America Securities acted as a participating underwriter.
Banc of America Securities 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, Columbia Management Advisors, Inc.
(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 Banc of America Securities, the following is a list of
members of the underwriting syndicate for the aforementioned
Securities: Goldman Sachs & Co.; Banc of America Securities LLC;
JP Morgan; Morgan Stanley; Raymond James & Associates,
Inc.; Lehman Brothers; Citigroup; Merrill Lynch & Co.; Popular
Securities; Samuel A. Ramirez & Co.; Wachovia Bank, National
Association


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