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INITIAL PUBLIC OFFERING OF 11,500,000 COMMON SHARES OF BENEFICIAL INTEREST OF INTERCAPITAL CALIFORNIA QUALITY MUNICIPAL SECURITIES

 NEW YORK, Sept. 22 /PRNewswire/ -- Dean Witter Distributors Inc., as manager of the underwriting group, announced today the initial public offering of 11,500,000 common shares of Beneficial Interest of InterCapital California Quality Municipal Securities at a price of $15 per share. The trust has granted the underwriters a 30-day option to purchase up to an additional 1,725,000 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 "IQC."
 InterCapital California Quality Municipal Securities is a newly organized, closed-end non-diversified management investment company which seeks to provide current income exempt from federal and California income taxes. The trust will seek to achieve its investment objective by investing primarily in a portfolio of municipal obligations the interest on which, in the opinion of bond counsel to the issuer, is exempt from federal and California income taxes and which are rated in the three highest grades by Moody's Investors Service, Inc. or Standard & Poor's Corporation (in each case, A or higher) or, if not rated, are determined to be of comparable quality.
 -0- 9/22/93
 /CONTACT: Mike Durbin of Dean Witter Distributors Inc., 212-392-4490/


CO: Beneficial Interest of InterCapital California Quality Municipal
 Securities ST: California IN: SU: OFR


PS -- NY047 -- 4682 09/22/93 12:30 EDT
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Publication:PR Newswire
Date:Sep 22, 1993
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