UNITED STATES OF AMERICA

UNITED STATES OF AMERICA

Before the

SECURITIES AND EXCHANGE COMMISSION

SECURITIES EXCHANGE ACT OF 1934

Release No. 54474 / September 20, 2006

ADMINISTRATIVE PROCEEDING

File No. 3-11814

In the Matter of

:

:

COLUMBIA

:

MANAGEMENT ADVISORS, ORDER EXTENDING TIME TO

:

INC. and COLUMBIA

ENTER AN ORDER APPROVING

:

FUNDS DISTRIBUTOR,

OR DISAPPROVING DISTRIBUTION PLAN

:

INC.,

:

:

Respondents.

:

I.

On July 19, 2006, pursuant to Rule 1103 of the Securities and Exchange Commission’s

Rules on Fair Fund and Disgorgement Plans, 17 C.F.R. § 201.1103, the Commission published a

Notice of Proposed Plan and Opportunity for Comment (“Notice”) for the distribution of monies

placed into a Fair Fund in the above-captioned matter. The Notice invited public comment on the

proposed distribution plan through August 18, 2006.

Rule 1104 of the Commission’s Rules on Fair Fund and Disgorgement Plans, 17 C.F.R. §

201.1104, provides:

At any time after 30 days following publication of notice of a proposed plan of

disgorgement or of a proposed Fair Fund plan, the Commission shall, by order,

approve, approve with modifications, or disapprove the proposed plan. In the

discretion of the Commission, a proposed plan that is substantially modified prior

to adoption may be republished for an additional comment period pursuant to 17

CFR 201.1103. The order approving or disapproving the plan should be entered

within 30 days after the end of the final period allowed for comments on the

proposed plan unless the Commission or the hearing officer, by written order,

allows a longer period for good cause shown.

Thirty days from the end of the final period for comments on the proposed distribution

plan lapsed on September 17, 2006. The Commission believes that because of the complexity of

the comments received, further evaluation, review and analysis are required, and therefore good

cause has been shown to extend the thirty day time period provided in Rule 1104 for entry of an

order approving or disapproving the plan by ninety days, to December 16, 2006.

II.

Accordingly, IT IS ORDERED that:

Pursuant to Rule 1104 of the Rules on Fair Fund and Disgorgement Plans,

17 C.F.R. § 201.1104, for good cause shown, the time for entering an Order approving or

disapproving the proposed distribution plan is extended through December 16, 2006.

By the Commission.

Nancy M. Morris

Secretary

2