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COLONIAL INVESTMENT GRADE MUNICIPAL TRUST FOURTH QUARTER EARNINGS

 BOSTON, Jan. 14 /PRNewswire/ -- Colonial Investment Grade Municipal Trust, (NYSE: CXH) a closed-end investment company, today released earnings and dividends for the fourth quarter ended and fiscal year-to-date through Dec. 31, 1993. The results, as compared to the same periods from the prior fiscal year, are as follows:
 Fourth Quarter Ended Fourth Quarter Ended
 Dec. 31, 1993 Dec. 31, 1992
 Aggregate Per Share Aggregate Per Share
 (000's) (000's)
 Net investment income $2,140 19 cents $2,361 21 cents
 Dividends (2,003) (17 cents) (2,382) (21 cents)
 Net realized and
 unrealized loss (1,904) (18 cents) (278) (3 cents)
 Decrease in net asset
 value from operations (1,767) (16 cents) (299) (3 cents)
 Net asset value:
 Beginning of quarter 129,077 11.22 126,452 10.99
 End of quarter $127,310 $11.06 $126,153 $10.96
 Market price at end
 of the quarter --- $10.750 --- $11.750
 Fiscal Year-to-Date Fiscal Year-to-Date
 Through 12/31/93 Through 12/31/92
 Aggregate Per Share Aggregate Per Share
 (000's) (000's)
 Net investment income $9,003 78 cents $9,761 85 cents
 Dividends (9,069) (79 cents) (9,737) (85 cents)
 Net realized and
 unrealized gains (loss) 1,223 11 cents (1,460) (13 cents)
 Increase (decrease)
 in net asset
 value from operations 1,157 10 cents (1,436) (13 cents)
 Net asset value:
 Beginning of period 126,153 10.96 127,589 11.09
 End of period $127,310 $11.06 $126,153 $10.96
 Market price at end
 of the period --- $10.750 --- $11.750
 -0- 1/14/94
 /CONTACT: Jeff Lewis of The Colonial Group, 617-426-3750/
 (CXH)


CO: The Colonial Group ST: Massachusetts IN: FIN SU: ERN DIV

CM-JL -- NE013 -- 2194 01/14/94 17:23 EST
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Publication:PR Newswire
Date:Jan 14, 1994
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