Jan. 22, 2003 -- Liberty Funds said Harvey Hirschhorn has
stepped down as co-manager of the Liberty Growth & Income Fund/A (CFGAX) to
concentrate on his duties as head of asset allocation and active investment
strategy for the fund complex.
Scott Schermerhorn continues to manage the fund, which he had overseen
with Hirschhorn for two-and-a-half years. Schermerhorn also continues to
manage other Liberty funds, including Liberty Strategic Equity Fund/G (GEQBX),
and Liberty Tax-Managed Value Fund/A (SRVAX).
Liberty also said Edward Paik has taken over running the Liberty
Utilities Fund/A (CUTLX), which he had piloted with Schermerhorn since