Columbia Funds
CLASS R SHARES ADMINISTRATIVE SERVICES PLAN
Section l. Columbia Funds Services, Inc. ("CFSI"), the shareholder
servicing and transfer agent of each Trust or Company listed on the attached
schedule (each, a "Trust"), is authorized to execute and deliver, in the name
and on behalf of the Trust or series thereof listed on the attached schedule
(each, a "Fund"), written agreements ("Servicing Agreements") with plan
administrators or other intermediaries ("Service Organizations") which
administer or provide services to qualified benefit plans that purchase Class R
shares of the Funds ("Shares"). Pursuant to said Servicing Agreements, the
Service Organizations may: (a) act, directly or though an agent, as the
shareholder of record and nominee for qualified benefit plans investing in
Shares of the Funds; (b) maintain account records for each plan participant that
beneficially owns Shares of the Funds; (c) process orders to purchase, redeem
and exchange Shares of the Funds on behalf of plan participants, and handle the
transmission of funds representing the purchase price or redemption proceeds;
and (d) address plan participant questions regarding their accounts and the
Funds. In consideration of the Services provided under a Servicing Agreement,
CFSI may pay the Service Organization an administrative services fee at an
annual rate of up to 0.25% of the average daily net asset value of the Shares
attributable to such Service Organization. CFSI may collect such fees directly
from the Funds for payment to Service Organizations pursuant to the Servicing
Agreements. All fees payable by a Trust under this Plan with respect to Shares
of a particular Fund shall be payable solely out of the assets of the Fund's
Shares and no other class of shares of the Fund shall be responsible for such
fees.
Section 2. CFSI shall monitor the arrangements pertaining to the Funds'
Servicing Agreements with Service Organizations in accordance with the terms of
the Shareholders' Servicing and Transfer Agent Agreement between CFSI and the
applicable Trust.
Section 3. Unless sooner terminated, this Plan shall continue until
October 31, 2004 and thereafter shall continue automatically for successive
annual periods provided such continuance is approved at least annually by a
majority of the Board of Trustees/Directors, including a majority of the
trustees/directors who are not "interested persons" of the Trust and who have no
direct or indirect financial interest in the operation of this Plan or in any
agreement related to this Plan (the "Disinterested Trustees").
Section 4. This Plan may be amended at any time with respect to the
Fund by the Board of Trustees/Directors, provided that any material amendments
of the terms of this Plan shall become effective only upon the approvals set
forth in Section 3.
Section 5. This Plan is terminable at any time with respect to any Fund
by vote of a majority of the Disinterested Trustees.
Section 6. This Plan has been adopted by each Trust listed on the
Schedule as of February 10, 2004.
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SCHEDULE
Columbia Funds Services, Inc. is the Shareholders' Servicing and Transfer Agent
for the following funds initially having Class R shares:
Columbia Funds Trust III:
Columbia Mid Cap Value Fund
Columbia Funds Trust V:
Columbia Large Company Index Fund
Columbia Funds Trust VI:
Columbia Growth & Income Fund
Columbia Small Cap Value Fund
Columbia Funds Trust VIII:
Columbia Intermediate Bond Fund
Columbia Funds Trust XI:
Columbia Growth Stock Fund
Columbia Small Company Equity Fund
Columbia High Yield Fund, Inc.
Columbia Short Term Bond Fund, Inc.
Columbia Mid Cap Growth Fund, Inc.
