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COLONIAL MUTUAL FUNDS NOT AFFILIATED WITH COLONIAL REALTY TRUST

    COLONIAL MUTUAL FUNDS NOT AFFILIATED WITH COLONIAL REALTY TRUST
    BOSTON, Nov. 1 /PRNewswire/ -- In response to potential investor confusion, Boston-based Colonial Mutual Funds reaffirmed that they have no affiliation with Colonial Realty Trust Company of West Hartford, Conn.  The holding company of the advisor to Colonial Mutual Funds, the Colonial Group, Inc. (NASDAQ: COGRA), is a publicly-held mutual fund management company with nearly $9 billion in assets under management nationwide.  Colonial is a well-respected money management firm with a long tradition of servicing investors' needs.
    The bankrupt Colonial Realty Company has been the target of several investor lawsuits and negative publicity over alleged illegal transactions by company officials.  Colonial Realty Company bought real estate and packaged it for resale to investors as limited partnerships. Colonial Mutual Funds has never sponsored any publicly-traded real estate partnerships.
    Founded in 1931, The Colonial Group, Inc. is the holding company for Colonial Investment Services, distributor of Colonial Mutual Funds, and Colonial Management Associates, Inc., which acts as investment advisor to the Colonial Mutual Funds.
    -0-                     11/1/91
    /CONTACT: William Rice of The Colonial Group, 800-225-2365/
    (COGRA) CO:  Colonial Realty Trust Company; Colonial Mutual Funds ST:  Massachusetts, Connecticut IN:  INS SU: DD -- NE002 -- 0101 11/01/91 09:42 EST
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Publication:PR Newswire
Date:Nov 1, 1991
Words:206
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