UNITED STATES OF AMERICA 

Before the 

SECURITIES AND EXCHANGE COMMISSION 

SECURITIES EXCHANGE ACT OF 1934 

Release No. 55332 / February 22, 2007 

ADMINISTRATIVE PROCEEDING 

File No. 3-11814 

In the Matter of 

COLUMBIA 

MANAGEMENT ADVISORS, 

INC. and COLUMBIA 

FUNDS DISTRIBUTOR, 

INC., 

Respondents. 

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ORDER EXTENDING TIME TO 

ENTER AN ORDER APPROVING 

OR DISAPPROVING DISTRIBUTION PLAN 

 

I. 

 

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

Rules on Fair Fund and Disgorgement Plans (“Fair Fund Rules”), 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. 
On September 20, 2006, pursuant to Fair Fund Rule 1104, 17 C.F.R. § 201.1104, the 

Commission extended, for good cause shown, the time for entering an Order approving or 

disapproving the proposed distribution plan through December 16, 2006.1

On January 9, 2007, pursuant to Fair Fund Rule 1104, 17 C.F.R. § 201.1104, the 

Commission again extended, for good cause shown, the time for entering an Order approving or 

disapproving the proposed distribution plan through February 14, 2007. 

The Commission believes that because of the complexity of the comments received, 

additional evaluation, review and analysis of the proposed distribution plan are required, and 

therefore good cause has been shown to extend the time period provided in Rule 1104 for entry 

of an order approving or disapproving the plan by an additional thirty days, to March 16, 2007. 

 1 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. Because of the complexity of the comments received, further evaluation, review and analysis was required, 

and good cause was 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. 

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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 March 16, 2007. 

 By the Commission. 

 Nancy M. Morris 

 Secretary 

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