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INITIAL PUBLIC OFFERING OF 33,000,000 COMMON SHARES OF BENEFICIAL INTEREST OF INTERCAPITAL INSURED MUNICIPAL INCOME TRUST AT $15 PER SHARE

 NEW YORK, Feb. 19 /PRNewswire/ -- Dean Witter Distributors Inc., as manager of the underwriting group, announced today the initial public offering of 33,000,000 common shares of beneficial interest of InterCapital Insured Municipal Income Trust at a price of $15 per share. The trust has granted the underwriters an option to purchase up to an additional 4,950,000 common shares to cover over-allotments, if any. The trust's common shares have been approved for listing on the New York Stock Exchange under the symbol "IIM."
 InterCapital Insured Municipal Income Trust is a newly organized, closed-end diversified management investment company which seeks to provide current income exempt from federal income tax. The trust will seek to achieve its investment objective by investing primarily in a diversified portfolio of tax-exempt municipal obligations which are covered by insurance guarantees with respect to timely payment of principal and interest thereon. The trust will also invest in municipal obligations which are backed by an escrow or trust account containing sufficient U.S. government securities or U.S. government agency securities to ensure timely payment of principal and interest thereon.
 -0- 2/19/93
 /CONTACT: Ross Piro of Dean Witter Distributors Inc., 212-392-4802/


CO: InterCapital Insured Municipal Income Trust ST: IN: FIN SU: OFR

SM -- NY020 -- 8320 02/19/93 10:28 EST
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Publication:PR Newswire
Date:Feb 19, 1993
Words:218
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