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INITIAL PUBLIC OFFERING OF 21 MILLION COMMON SHARES OF BENEFICIAL INTEREST OF INTERCAPITAL QUALITY MUNICIPAL SECURITIES AT $15 PER SHARE

 NEW YORK, Sept. 22 /PRNewswire/ -- Dean Witter Distributors Inc., as manager of the underwriting group, announced today the initial public offering of 21 million common shares of beneficial interest of InterCapital 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 3,150,000 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 "IQM."
 InterCapital Quality Municipal Securities 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 municipal obligations 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/
 (IQM)


CO: InterCapital Quality Municipal Securities ST: IN: FIN SU: OFR

TW -- NY046 -- 4681 09/22/93 12:28 EDT
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Publication:PR Newswire
Date:Sep 22, 1993
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