cmg core bond fund short term ultra high yield portfolios of columbia funds institutional trust annual report july 31 2006 advised by management advisors llc not fdic insured may lose value no bank guarantee group is the primary investment manager america corporation entities furnish services and advise mutual are distributed distributors inc member nasd sipc part an affiliate merrill corp cam 07 aux sbeaupr 25 sep 06 09 36 18442 2 aa sequence 1 chksum content 53676 layout 52195 graphics 29827 clean job cycle bl 5 0 trim 8 x 10 75 as wbn composite colors black note color columbia_mngmt_k_logo eps v1 table contents discussion performance 9 13 financial statements highlights 17 schedule investments 21
