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INITIAL PUBLIC OFFERING OF 37 MILLION COMMON SHARES OF BENEFICIAL INTEREST OF INTERCAPITAL QUALITY MUNICIPAL INCOME TRUST AT $15 PER SHARE

 INITIAL PUBLIC OFFERING OF 37 MILLION COMMON SHARES OF BENEFICIAL INTEREST OF INTERCAPITAL QUALITY MUNICIPAL INCOME TRUST AT $15 PER SHARE
 NEW YORK, Sept. 22 /PRNewswire/ -- Dean Witter Reynolds Inc., as manager of the underwriting group, announced today the initial public offering of 37 million common shares of beneficial interest of InterCapital Quality Municipal Income Trust at a price of $15 per share.
 The trust has granted the underwriters an option to purchase up to an additional 5,550,000 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 "IQI."
 InterCapital Quality 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 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- 9/22/92
 /CONTACT: Michael Durbin of Dean Witter Reynolds, 212-392-4490/
 (IQI) CO: InterCapital Quality Municipal Income Trust ST: New York IN: FIN SU: OFR


CK -- NY054 -- 2179 09/22/92 12:12 EDT
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Publication:PR Newswire
Date:Sep 22, 1992
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