<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>3
<FILENAME>exh.txt
<TEXT>
Colonial Investment Grade Municipal Trust

On April 11, 2003, Colonial Investment Grade Municipal Trust (Fund) purchased
$500,000 par value of bonds of New York City General Obligation Bonds 5.5%
06/01/18 (Securities) for a total purchase price of $541,950 from Morgan
Stanley/Lattice 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, Columbia Management Advisors, Inc. 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 aforementioned  Securities:  Advest,  Inc.; Apex
Pryor  Securities;  CIBC World Markets;  Commerce  Capital  Markets,  Inc.; A.G.
Edwards & Sons, Inc.; Jackson Securities, LLC; Janney Montgomery Scott LLC; Legg
Mason Wood Walker, Inc.; Loop Capital Markets; Popular Securities, Inc.; Prager,
Sealy & Co, LLC:  Prudential  Securities;  Raymond James & Associates;  RBC Dain
Rauscher, Inc.; ABN Amro Financial Services, Inc.; Allen & Company Incorporated;
Banc of America Securities, LLC; Banc One Capital Markets, Inc.; Barr Brothers &
Co,  Inc.;  George K. Baum & Company;  Belle  Haven  Investments,  L.P.;  Bergen
Capital,  Inc.; BNY Capital Markets,  Inc.;  Burlington  Capital  Markets;  Cain
Brothers; Carlin Financial Group; The Chapman Company; Chase Investment Services
Corp;  CMI/Capital Markets Investments,  LLC; Coastal Securities;  Deutsche Bank
Securities,  Inc.; Divine Capital Markets LLC; Doley Securities,  Inc.; Domestic
Securities;  Douglas & Co.,  Municipals Inc.;  Fahnestock & Co., Inc.;  Fidelity
Capital Markets; First American Municipals,  Inc.; First Miami Securities, Inc.;
Fixed Income Securities;  Gates Capital  Corporation;  The GMS Group LLC; Golden
Harris Capital  Group;  Guzman & Co.; J.B.  Hanauer & Company;  Chester Harris &
co., Inc.; Hennion & Walsh, Inc.; J.J. B. Hilliard, W.L. Lyons; William R. Hough
& Co.; H&R Block;  HSBC  Brokerage;  Edward D. Jones & Co.;  Kirlin  Securities,
Inc.;  Ladenburg,  Thalmann & Co., Inc.; LaSalle Street Securities,  Inc.; David
Lerner Associates,  Inc.;  Malachi Group, Inc.;  Manufacturers and Traders Trust
Company;  May Davis Group;  McDonald  Investments,  Inc.; W.H. Mell  Associates;
Melvin  Securities;  N.D.  Meyer  & Co.,  Inc.;  M.H.  Meyerson  & Co.;  Monarch
Financial Corp.;  Morgan Keegan & Co., Inc.;  NatCity  Investments Inc.; Redwood
Securities  Group,  Inc.; Ryan, Beck & Co.; Sandler O'Neill & Partners;  Charles
Schwab & Co.;  Seasongood & Mayer;  Siebert  Brandford  Shank & Co.;  Herbert J.
Sims; Sky Capital  Markets;  South Trust  Securities,  Inc.; State Street Global
Markets LLC; Stephens Inc.; Stone & Youngberg LLC; Sturdivant & Company;  Sutter
Securities Incorporated; Tripp & Co., Inc.; Utendahl Capital Partners; Valubond;
Wachovia Bank,  National  Association;  R.D. White Glaves & Co., Inc.;  Williams
Capital Group, L.P.; WM Financial Services.




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