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NOTICE OF DISTRIBUTION DECLARATION COLONIAL INVESTMENT GRADE MUNICIPAL TRUST

 BOSTON, Oct. 5 /PRNewswire/ -- The Colonial Investment Grade Municipal Trust (NYSE: CXH), distribution with a record date of Oct. 15, 1993, and a payable date of Nov. 1, 1993, will be $0.058 per share. This represents a $0.004 per share reduction from the $0.062 per share rate that has been paid monthly since September 1993.
 According to portfolio manager Jeff Augustine, "We have reduced the Fund's distribution because one of the Fund's holdings has been placed on non-accrual. As part of Colonial's conservative management policy, this distribution has been adjusted to keep it in line with the Fund's earnings."
 The Colonial Investment Grade Municipal Trust distribution of $0.058 per share continues to be very attractive when compared to other fixed-income alternatives.
 -0- 10/5/93
 /CONTACT: Tad Gillespie of the Colonial Group of Mutual Funds, 800-225-2365/
 (CXH)


CO: Colonial Group of Mutual Funds ST: Massachusetts IN: FIN SU:

JL-CM -- NE009 -- 8857 10/05/93 12:22 EDT
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Publication:PR Newswire
Date:Oct 5, 1993
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