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Stein Roe Mutual Funds is addressing Lipper's recent changes to its mutual fund rankings in its shareholder newsletter. The fund company wanted to alert investors to the changes so that if the firm decides to use the new ranking in its ads, shareholders will not be confused, a spokeswoman said. "We wanted to be proactive about it," she added. Lipper revamped its rankings in September to make them more accurate. The new classifications are based on portfolio holdings and investment-style risk rather than the fund's investment objective as stated in its prospectus.