UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM N-8F
I. GENERAL IDENTIFYING INFORMATION
1. Reason fund is applying to deregister (check only one; for
descriptions, see Instruction 1):
[ ] MERGER
[ X ] LIQUIDATION
[ ] ABANDONMENT OF REGISTRATION
(Note: Abandonments of Registration answer only questions 1
through 15, 24 and 25 of this form and complete verification
at the end of the form.)
[ ] ELECTION OF STATUS AS A BUSINESS DEVELOPMENT COMPANY
(Note: Business Development Companies answer only questions 1
through 10 of this form and complete verification at the end
of the form.)
2. Name of fund: COLONIAL INSURED MUNICIPAL FUND
3. Securities and Exchange Commission File No.: 811-09533
4. Is this an initial Form N-8F or an amendment to a previously filed
Form N-8F?
[ X ] Initial Application [ ] Amendment
5. Address of Principal Executive Office (include No. & Street, City,
State, Zip Code):
One Financial Center
Boston, MA 02111
6. Name, address and telephone number of individual the Commission staff
should contact with any questions regarding this form:
Brian D. McCabe, Esquire Jacob E. Comer, Esquire
Ropes & Gray LLP Ropes & Gray LLP
One International Place One International Place
Boston, MA 02110 Boston, MA 02110
(617) 951-7801; or (617) 951-7913
7. Name, address and telephone number of individual or entity responsible
for maintenance and preservation of fund records in accordance with
rules 31a-1 and 31a-2 under the Act [17 CFR 270.31a-1, .31a-2]:
(a) Columbia Management Advisors, LLC, 100 Federal Street, Boston,
MA 02110, (800) 422-3737 (records relating to its function as
investment advisor and pricing and bookkeeping agent).
(b) Computershare Investor Services, P.O. Box 43078, Providence,
RI 02940-3078, (800) 942-5909 (records relating to its
function as transfer agent).
(c) State Street Bank and Trust Company, 2 Avenue De Lafayette,
Boston, MA 02111-2900, (617) 786-3000, (records relating to
its function as custodian).
NOTE: Once deregistered, a fund is still required to maintain and
preserve the records described in rules 31a-1 and 31a-2 for the periods
specified in those rules.
8. Classification of fund (check only one):
[ X ] Management company;
[ ] Unit investment trust; or
[ ] Face-amount certificate company.
9. Subclassification if the fund is a management company (check only one):
[ ] Open-end [ X ] Closed-end
10. State law under which the fund was organized or formed (e.g., Delaware,
Massachusetts):
Massachusetts
11. Provide the name and address of each investment adviser of the fund
(including sub-advisers) during the last five years, even if the fund's
contracts with those advisers have been terminated.
Columbia Management Advisors, LLC
100 Federal Street
Boston, MA 02110
Columbia Management Advisors, Inc.
100 Federal Street
Boston, MA 02110
12. Provide the name and address of each principal underwriter of the fund
during the last five years, even if the fund's contracts with those
underwriters have been terminated:
None.
13. If the fund is a unit investment trust ("UIT") provide:
(a) Depositor's name(s) and address(es): Not applicable.
(b) Trustee's name(s) and address(es): Not applicable.
14. Is there a UIT registered under the Act that served as a vehicle for
investment in the fund (e.g., an insurance company separate account)?
[ ] Yes [ X ] No
If Yes, for each UIT state:
Name(s):
File No.:
Business Address:
15. (a) Did the fund obtain approval from the board of directors
concerning the decision to engage in a Merger, Liquidation or
Abandonment of Registration?
[ X ] Yes [ ] No
If Yes, state the date on which the board vote took place:
May 8, 2007
If No, explain:
(b) Did the fund obtain approval from the shareholders concerning
the decision to engage in a Merger, Liquidation or Abandonment
of Registration?
[ ] Yes [ X ] No
If Yes, state the date on which the shareholder vote took
place:
If No, explain: A shareholder vote was not required under the
fund's charter documents.
II. DISTRIBUTIONS TO SHAREHOLDERS
16. Has the fund distributed any assets to its shareholders in connection
with the Merger or Liquidation?
[ X ] Yes [ ] No
(a) If Yes, list the date(s) on which the fund made those
distributions:
May 25, 2007 (preferred shares) and May 30, 2007 (common
shares).
(b) Were the distributions made on the basis of net assets?
[ X ] Yes [ ] No
(c) Were the distributions made pro rata based on share ownership?
[ X ] Yes [ ] No
(d) If No to (b) or (c) above, describe the method of
distributions to shareholders. For Mergers, provide the
exchange ratio(s) used and explain how it was calculated:
Not applicable.
(e) Liquidations only:
Were any distributions to shareholders made in kind?
[ ] Yes [ X ] No
If Yes, indicate the percentage of fund shares owned by
affiliates, or any other affiliation of shareholders:
17. Closed-end funds only:
Has the fund issued senior securities?
[ X ] Yes [ ] No
If Yes, describe the method of calculating payments to senior security
holders and distributions to other shareholders:
On May 25, 2007, with respect to the preferred shares, and on May 30,
2007, with respect to the common shares, the Fund distributed to
shareholders of record of the fund the following, in the order of
priority provided below: (a) first, to the holders of preferred shares,
an amount equal to the liquidation preference
with respect to the preferred shares, plus an amount equal to all
dividends thereon (whether or not earned or declared) accumulated but
unpaid to (but not including) the date of final distribution in
same-day funds, together with any applicable gross-up payments in
connection with the liquidation of the fund; and (b) second, after
determination of the income and capital gains dividends to be paid to
holders of common shares and the capital gains dividend to be paid to
holders of preferred shares, all remaining amounts to the holders of
common shares, ratably according to the number of common shares of the
fund held by such holders of common shares on the record date; in each
case accompanied by information concerning the sources of the
liquidating distribution.
18. Has the fund distributed all of its assets to the fund's shareholders?
[ X ] Yes [ ] No
If No,
(a) How many shareholders does the fund have as of the date this
form is filed?
(b) Describe the relationship of each remaining shareholder to the
fund:
19. Are there any shareholders who have not yet received distributions in
complete liquidation of their interests?
[ ] Yes [ X ] No
If Yes, describe briefly the plans (if any) for distributing to, or
preserving the interests of, those shareholders:
III. ASSETS AND LIABILITIES
20. Does the fund have any assets as of the date this form is filed?
(See question 18 above)
[ ] Yes [ X ] No
If Yes,
(a) Describe the type and amount of each asset retained by the
fund as of the date this form is filed:
(b) Why has the fund retained the remaining assets?
(c) Will the remaining assets be invested in securities?
[ ] Yes [ ] No
21. Does the fund have any outstanding debts (other than face-amount
certificates if the fund is a face-amount certificate company) or any
other liabilities?
[ ] Yes [ X ] No
If Yes,
(a) Describe the type and amount of each debt or other liability:
(b) How does the fund intend to pay these outstanding debts or
other liabilities?
IV. INFORMATION ABOUT EVENT(s) LEADING TO REQUEST FOR DEREGISTRATION
22. (a) List the expenses incurred in connection with the Merger or
Liquidation:
(i) Legal expenses: Approximately $5,000
(ii) Accounting expenses: None
(iii) Other expenses (list and identify separately):
Proxy solicitation expenses: None
Brokerage commissions: None
Audit expenses: None
Custody fees: None
SEC registration fees: None
(iv) Total expenses (sum of lines (i)-(iii) above):
Approximately $5,000
(b) How were those expenses allocated?
The legal fees were allocated to the fund.
(c) Who paid those expenses?
The fund paid those expenses
(d) How did the fund pay for unamortized expenses (if any)? Not
applicable.
23. Has the fund previously filed an application for an order of the
Commission regarding the Merger or Liquidation?
[ ] Yes [ X ] No
If Yes, cite the release numbers of the Commission's notice and order
or, if no notice or order has been issued, the file number and date the
application was filed:
V. CONCLUSION OF FUND BUSINESS
24. Is the fund a party to any litigation or administrative proceeding?
[ ] Yes [ X ] No
If Yes, describe the nature of any litigation or proceeding and the
position taken by the fund in that litigation:
25. Is the fund now engaged, or intending to engage, in any business
activities other than those necessary for winding up its affairs?
[ ] Yes [ X ] No
If Yes, describe the nature and extent of those activities:
VI. MERGERS ONLY
26. (a) State the name of the fund surviving the Merger:
(b) State the Investment Company Act file number of the fund
surviving the Merger:
(c) If the merger or reorganization agreement has been filed with
the Commission, state the file number(s), form type used and
date the agreement was filed:
(d) If the merger or reorganization agreement has not been filed
with the Commission, provide a copy of the agreement as an
exhibit to this form.
VERIFICATION
The undersigned states that (i) he has executed this Form N-8F
application for an order under section 8(f) of the Investment Company Act of
1940 on behalf of Colonial Insured Municipal Fund, (ii) he is the President of
Colonial Insured Municipal Fund, and (iii) all actions by shareholders,
directors, and any other body necessary to authorize the undersigned to execute
and file this Form N-8F application have been taken. The undersigned also states
that the facts set forth in this Form N-8F application are true to the best of
his knowledge, information and belief.
/s/ Christopher L. Wilson
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Christopher L. Wilson
President