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COLONIAL INVESTMENT SERVICES, INC. ANNOUNCES SECOND QUARTER EARNINGS

 BOSTON, July 14 /PRNewswire/ -- Colonial Investment Grade Municipal Trust (NYSE: CXM), a closed-end investment company, today released earnings and dividends for the second quarter ended and fiscal year-to- date through June 30. The results, as compared to the same periods from the prior fiscal year, are as follows:
 COLONIAL INVESTMENT GRADE MUNICIPAL TRUST
 2nd Quarter Ended 6/30/93 6/30/92
 Aggregate Per Share Aggregate Per Share
 (000s) (000s)
 Net investment income $ 2,365 $ 0.21 $ 2,435 $ 0.22
 Dividends (2,382) (0.21) (2,486) (0.22)
 Net realized and
 unrealized gain 1,032 0.09 1,490 0.12
 Increase in net asset
 value from operations 1,015 0.09 1,439 0.12
 Net asset value:
 Beginning of quarter 127,627 11.09 124,471 10.82
 End of quarter $ 128,642 $ 11.18 $ 125,910 $ 10.94
 Market price at end
 of the quarter $ 11.875 $ 11.625
 Fiscal Year-to-Date Through 6/30/93 6/30/92
 Aggregate Per Share Aggregate Per Share
 (000s) (000s)
 Net investment income $ 4,753 $ 0.41 $ 4,959 $ 0.43
 Dividends (4,765) (0.41) (4,972) (0.43)
 Net realized and
 unrealized gain (loss) 2,485 0.22 (1,666) (0.15)
 Increase (decrease) in net
 asset value from
 operations 2,473 0.22 (1,679) (0.15)
 Net asset value:
 Beginning of period 126,169 10.96 127,589 11.09
 End of period $ 128,642 $ 11.18 $ 125,910 $ 10.94
 Market price at end
 of the period $ 11.875 $ 11.625
 Colonial High Income Municipal Trust (NYSE: CXE), a closed-end investment company, today released earnings and dividends for the second quarter ended and fiscal year-to-date through June 30. The results, as compared to the same periods from the prior fiscal year, are as follows:
 COLONIAL HIGH INCOME MUNICIPAL TRUST
 2nd quarter ended 6/30/93 6/30/92
 Aggregate Per share Aggregate Per share
 (000s) (000s)
 Net investment income $ 5,287 $0.17 $ 5,358 $0.17
 Income dividends (5,267) (0.17) (5,243) (0.17)
 Net realized & unrealized
 gain 182 0.02 1,747 0.06
 Increase in net asset value
 from operations 202 0.02 1,862 0.06
 Value of shares issued for
 reinvested dividends 526 n/a --- n/a
 Net asset value:
 Beginning of quarter 272,416 8.84 267,618 8.73
 End of quarter $273,144 $8.86 $269,480 $8.79
 Market price at end of the
 quarter $9.125 $8.875
 Fiscal year-to-date through 6/30/93 6/30/92
 Aggregate Per share Aggregate Per share
 (000s) (000s)
 Net investment income $ 10,580 $0.34 $ 10,818 $0.35
 Income dividends (10,523) (0.34) (10,485) (0.34)
 Net realized & unrealized
 gain (loss) 2,352 0.08 (4,060) (0.13)
 Increase (decrease) in net asset
 value from operations 2,409 0.08 (3,727) (0.12)
 Value of shares issued for
 reinvested dividends 887 n/a --- n/a
 Net asset value:
 Beginning of quarter 269,848 8.78 273,207 8.91
 End of quarter $273,144 $8.86 $269,480 $8.79
 Market price at end of the
 quarter $9.125 $8.875
 -0- 7/14/93
 /CONTACT: Jeff Lewis of Colonial Investment Services, 617-426-3750/
 (CXM CXE)


CO: Colonial Investment Services, Inc. ST: Massachusetts IN: SU: ERN

RA-BR -- AT004 -- 1300 07/14/93 10:33 EDT
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Publication:PR Newswire
Date:Jul 14, 1993
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