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TWO COLONIAL CLOSED-END FUNDS ISSUE DISTRIBUTION DECLARATION

 BOSTON, Dec. 3 /PRNewswire/ -- The following regular monthly distributions have been declared by the Dividend Committee of each Fund's Board of Trustees:
 COLONIAL INVESTMENT GRADE MUNICIPAL TRUST (NYSE: CXH)
 Current Month Prior Month
 Dividend amount: $0.058 $0.058
 Payable date: Jan. 3, 1994 Dec. 1, 1993
 Record date: Dec. 15, 1993 Nov. 15, 1993
 COLONIAL INTERMARKET INCOME TRUST I (NYSE: CMK)
 Current Month Prior Month
 Dividend amount: $0.09 $0.09
 Gains amount: $0.31 $0.00
 Total $0.40 $0.09
 Payable date: Jan. 3, 1994 Dec. 1, 1993
 Record date: Dec. 15, 1993 Nov. 15, 1993
 The above gains distribution is estimated to be 58 percent long term.
 According to Colonial InterMarket Income Trust I portfolio manager Carl Ericson, "This gain distribution represents the Fund's significant return over the past year. Because of the number of bonds that were called in the high yield area, the Fund realized these gains and is required to distribute them to shareholders. The NAV of the fund will be reduced on the record date to reflect the gain distribution. Investors should consult their tax-adviser with any questions about how the distribution affects their tax situation."
 -0- 12/3/93
 /CONTACT: Robert Coburn of The Colonial Group, 800-225-2365/
 (CXH CMK)


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

DJ-CM -- NE005 -- 0332 12/03/93 15:37 EST
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Publication:PR Newswire
Date:Dec 3, 1993
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