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Proc-Type: 2001,MIC-CLEAR
Originator-Name: keymaster@town.hall.org
Originator-Key-Asymmetric:
 MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq
 pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ==
MIC-Info: RSA-MD5,RSA,
 HkxWEhUBqCMgvzrgZwb0dtoI70mlOoziYPXui7GmhX2UVy8oLCwo//TDNSy96H4D
 dYdSNBtmkXPPBk3puTO6Yw==

<IMS-DOCUMENT>0000885125-95-000001.txt : 19950607
<IMS-HEADER>0000885125-95-000001.hdr.sgml : 19950607
ACCESSION NUMBER:		0000885125-95-000001
CONFORMED SUBMISSION TYPE:	N-23C-1
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	19941231
FILED AS OF DATE:		19950124
SROS:			NONE

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			INTERCAPITAL QUALITY MUNICIPAL INCOME TRUST
		CENTRAL INDEX KEY:			0000885125
		STANDARD INDUSTRIAL CLASSIFICATION:	UNKNOWN SIC - 0000 [0000]
		IRS NUMBER:				136993836
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		N-23C-1
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	817-00723
		FILM NUMBER:		95502404

	BUSINESS ADDRESS:	
		STREET 1:		TWO WORLD TRADE CENTER
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10048
		BUSINESS PHONE:		2123921600

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	INTERCAPITAL QUALITY MUNICIPAL INVESTMENT TRUST II
		DATE OF NAME CHANGE:	19600201
</IMS-HEADER>
<DOCUMENT>
<TYPE>N-23C-1
<SEQUENCE>1
<TEXT>



                                                       OMB APPROVAL
                              UNITED STATES            OMB Number:  3235-0230
               SECURITIES AND EXCHANGE COMMISSION      Expires:  April 30, 1994
                         Washington, D.C.  20549       Estimated average burden
                                                       hours per form .....1.00


                                  FORM N-23C-1


                       STATEMENT BY REGISTERED CLOSED-END
             INVESTMENT COMPANY WITH RESPECT TO PURCHASES OF ITS OWN
       SECURITIES PURSUANT TO RULE N-23C-1 DURING THE LAST CALENDAR MONTH

(See rules and instructions on back of this form.  If acknowledgment is desired,
file this form with the Commission in triplicate.)

         REPORT FOR CALENDAR MONTH ENDING    December 31, 1994         

               InterCapital Quality Municipal Income Trust          
               (Name of registered closed-end investment company)


                                                  Approximate
                                                  Asset
                                                  Value or
                                                  Approximate               
                                                  Asset
                                                  Coverage
Date of                                           Per
Each      Ident-         Number of      Price     Share at       Name of Seller
Trans-    ification      Shares         Per       Time of           or of  
action    of Security    Purchased      Share     Purchase       Seller's Broker


12/8/94   Auction Rate      40          $50,000   $ 2,000,000    Merrill, Lynch
          Preferred Shares
          Series 5


REMARKS:                      InterCapital Quality Municipal Income Trust       
                                         Name of Registrant


                                        By /s/ Sheldon Curtis               
                                             (Name)


Date of                                 Sheldon Curtis      
Statement:     January 23, 1995         Vice President & General Counsel
                                             (Title)



</TEXT>
</DOCUMENT>
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