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COLONIAL INTERMEDIATE HIGH INCOME FUND FOURTH QUARTER EARNINGS

 BOSTON, Nov. 16 /PRNewswire/ -- Colonial Intermediate High Income Fund, (NYSE: CIF) a closed-end investment company, today released earnings and dividends for the fourth quarter ended and fiscal year-to-date through Oct. 31, 1993. The results, as compared to the same periods from the prior fiscal year, are as follows:
 Fourth Quarter Fourth Quarter
 Ended Oct. 31, 1993 Ended Oct. 31, 1992
 Aggegrate Per Share Aggregate Per Share
 (000's) (000's)
 Net investment
 inc. $2,509 19 cents $2,409 18 cents
 Dividends (2,420) (18 cents) (2,572) (19 cents)
 Net realized and
 unrealized gain
 (loss) 1,471 11 cents (1,254) (10 cents)
 Increase (decrease)
 in net asset
 value from
 opers. 1,560 12 cents (1,417) (11 cents)
 Value of shares
 issued for
 reinvested
 dividends 326 N/A 584 N/A
 Net asset value:
 Beginning of
 period 93,298 6.80 87,960 6.53
 End of period $95,184 $6.92 $87,127 $6.42
 Market price at
 end of period --- $6.625 --- $6.250
 Fiscal Year-to-Date Fiscal Year-to-Date
 Through Oct. 31, Through Oct. 31,
 1993 1992
 Aggregate Per Share Aggregate Per Share
 (000's) (000's)
 Net investment income $ 9,709 71 cents $10,345 78 cents
 Dividends (9,775) (72 cents) (10,386) (78 cents)
 Net realized and
 unrealized gain 6,769 50 cents 1,732 13 cents
 Increase in net asset
 value from operations 6,703 49 cents 1,691 13 cents
 Value of shares issued
 for reinvested dividends 1,332 N/A 1,823 N/A
 Net asset value:
 Beginning of period 87,149 6.43 83,613 6.29
 End of period $ 95,184 $6.92 $87,127 $6.42
 Market price at end
 of the period --- $6.625 --- $6.250
 -0- 11/16/93
 /CONTACT: Jeff Lewis of The Colonial Group, 617-426-3750/
 (CIF CXE)


CO: The Colonial Intermediate High Income Fund; Colonial Group of
 Mutual Funds ST: Massachusetts IN: FIN SU: ERN


JL-DJ -- NE013 -- 5052 11/16/93 11:48 EST
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Publication:PR Newswire
Date:Nov 16, 1993
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