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COLONIAL MUNICIPAL INCOME TRUST THIRD QUARTER EARNINGS

 BOSTON, Sept. 14 /PRNewswire/ -- Colonial Municipal Income Trust, (NYSE: CMU) a closed-end investment company, today released earnings and dividends for the third quarter ended and fiscal year-to-date through Aug. 31, 1993. The results, as compared to the same periods from the prior fiscal year, are as follows:
 Third Quarter Ended Third Quarter Ended
 Aug. 31, 1993 Aug. 31, 1992
 Aggregate Per Share Aggregate Per Share
 (000's) (000's)
 Net investment income $4,467 16 cents $4,237 16 cents
 Dividends (4,318) (16 cents) (4,291) (16 cents)
 Net realized and
 unrealized gain (loss) (791) (2 cents) 1,849 7 cents
 Increase (decrease) in net
 asset value from
 operations (642) (2 cents) 1,795 7 cents
 Value of shares issued
 for reinvested dividends 478 N/A 463 N/A
 Net asset value:
 Beginning of period 215,650 7.95 212,610 7.89
 End of period $215,486 $7.93 $214,868 $7.96
 Market price at end
 of period --- $8.50 --- $8.375
 Fiscal Year-to-Date Fiscal Year-to-Date
 Through 8/31/93 Through 8/31/92
 Aggregate Per Share Aggregate Per Share
 (000's) (000's)
 Net investment income $13,266 49 cents $13,023 48 cents
 Dividends (12,928) (48 cents) (12,846) (48 cents)
 Net realized and
 unrealized gain (loss) 634 3 cents (2,933) (10 cents)
 Increase (decrease) in net
 asset value from
 operations 972 4 cents (2,756) (10 cents)
 Value of shares issued
 for reinvested dividends 1,094 N/A 1,230 N/A
 Net asset value:
 Beginning of period 213,420 7.89 216,394 8.06
 End of period $215,486 $7.93 $214,868 $7.96
 Market price at end
 of period --- $8.50 --- $8.375
 -0- 9/14/93
 /CONTACT: Jeff Lewis of The Colonial Group, 617-772-3418/
 (CMU)


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

DJ -- NE004 -- 1684 09/14/93 10:32 EDT
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Publication:PR Newswire
Date:Sep 14, 1993
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