ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

Colonial Insured Municipal Fund

(Exact name of registrant as specified in charter)

James R. Bordewick, Jr., Esq.

Columbia Management Group, Inc.

One Financial Center

Boston MA 02111

(Name and address of agent for service)

Item 1. Proxy Voting Record.

Disclose the following information for each matter relating to a portfolio security considered at any shareholder meeting held during the period covered by the report and with respect to which the registrant was entitled to vote:

(a)    The name of the issuer of the portfolio security;

(b)    The exchange ticker symbol of the portfolio security;

(c)    The Council on Uniform Securities Identification Procedures (“CUSIP”) number for the portfolio security;

(d)    The shareholder meeting date;

(e)    A brief identification of the matter voted on;

(f)     Whether the matter was proposed by the issuer or by a security holder;

(g)    Whether the registrant cast its vote on the matter;

(h)    How the registrant cast its vote (e.g., for or against proposal, or abstain; for or withhold regarding election of directors);and

(i)     Whether the registrant cast its vote for or against management.

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ICA File Number: 811-09533                                                     

Reporting Period: 07/01/2005 - 06/30/2006                                      

Colonial Insured Municipal Fund                                                

There are no proxy voting records for this fund.

======================= COLONIAL INSURED MUNICIPAL FUND ========================

========== END NPX REPORT

SIGNATURES

Pursuant to the requirements of the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

* Print the name and title of each signing officer under his or her signature.