And, the result means the Foxes will potentially be following their opponents into League One.
The Foxes inability to score several clear cut chances against the worst team in the league might just cost Holloway his job, not that the Foxes faithfull would be too bothered right now.
Despite an onslaught on the visitors goal, it was Colchester who took the lead in the 76th mintue when Kevin Lisbies low header beat Henderson.
Foxes One Game Closer To Relegation
The Foxes looked set for an embarassing defeat until substitute Iain Hume managed to rescue a point in the 89th minute.
Despite Humes leveller, the Foxes will definetly see todays result as two points dropped rather than one gained.
Despite Humes leveller, the Foxes will definetly see todays result as two points dropped rather than one gained.
The result leaves Leicester 20th in the Championship, level on points with Sheffield Wednesday who have a game in hand to be played on Monday.
Coventrys defeat to Stoke and Southamptons draw with Charlton, along with Blackpools loss at Cardiff leave Leicester just two points behind Blackpool in 18th place.