<PAGE> PAGE 1
000 B000000 11/30/94
000 C000000 0000853770
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 COLONIAL INTERMARKET INCOME TRUST 1
001 B000000 811-5851
001 C000000 6174263750
002 A000000 ONE FINANCIAL CENTER
002 B000000 BOSTON
002 C000000 MA
002 D010000 02111
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
007 C010100 1
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A000001 COLONIAL MANAGEMENT ASSOCIATES, INC.
008 B000001 A
008 C000001 801-2019
008 D010001 BOSTON
008 D020001 MA
008 D030001 02111
011 A000001 PAINEWEBBER INCORPORATED
011 B000001 8-16267
011 C010001 NEW YORK
011 C020001 NY
011 C030001 10019
011 A000002 ADVEST, INC.
011 B000002 8-21409
011 C010002 HARTFORD
011 C020002 CT
011 C030002 06103
011 A000003 DAIN BOSWORTH INCORPORATED
011 B000003 8-3259
011 C010003 MINNEAPOLIS
<PAGE> PAGE 2
011 C020003 MN
011 C030003 55402
011 A000004 LEGG MASON WOOD WALKER INC.
011 B000004 8-15939
011 C010004 BALTIMORE
011 C020004 MD
011 C030004 21202
012 A000001 STATE STREET BANK AND TRUST COMPANY
012 B000001 84-
012 C010001 BOSTON
012 C020001 MA
012 C030001 02110
013 A000001 PRICE WATERHOUSE, LLP
013 B010001 BOSTON
013 B020001 MA
013 B030001 02110
014 A000001 HAMBRECHT & QUIST
014 B000001 8-13858
015 A000001 BOSTON SAFE DEPOSIT AND TRUST COMPANY
015 B000001 C
015 C010001 BOSTON
015 C020001 MA
015 C030001 02108
015 E010001 X
015 A000002 FIRST NATIONAL BANK OF BOSTON
015 B000002 S
015 C010002 BUENOS AIRES
015 D010002 ARGENTINA
015 E040002 X
015 A000005 NATIONAL AUSTRALIA BANK, LTD.
015 B000005 S
015 C010005 MELBOURNE
015 D010005 AUSTRALIA
015 E040005 X
015 A000006 CREDITANSTALT-BANKVEREIN
015 B000006 S
015 C010006 VIENNA
015 D010006 AUSTRIA
015 E040006 X
015 A000008 GENERALE BANK
015 B000008 S
015 C010008 BRUSSELS
015 D010008 BELGIUM
015 E040008 X
015 A000009 CANADIAN IMPERIAL BANK OF COMMERCE
015 B000009 S
015 C010009 TORONTO
015 D010009 CANADA
015 E040009 X
015 A000010 DEN DANSKE BANK
015 B000010 S
<PAGE> PAGE 3
015 C010010 COPENHAGEN
015 D010010 DENMARK
015 E040010 X
015 A000012 KANSALLIS-OSAKE-PANKKI
015 B000012 S
015 C010012 HELSINKI
015 D010012 FINLAND
015 E040012 X
015 A000013 BANQUE PARIBAS
015 B000013 S
015 C010013 PARIS
015 D010013 FRANCE
015 E040013 X
015 A000014 DRESDNER BANK A.G.
015 B000014 S
015 C010014 FRANKFURT
015 D010014 GERMANY
015 E040014 X
015 A000015 THE HONGKONG AND SHANGHAI BANKING CORP.
015 B000015 S
015 C010015 HONG KONG
015 D010015 HONG KONG
015 E040015 X
015 A000018 BANK OF IRELAND
015 B000018 S
015 C010018 DUBLIN
015 D010018 IRELAND
015 E040018 X
015 A000019 MORGAN GUARANTY TRUST CO.
015 B000019 S
015 C010019 MILAN
015 D010019 ITALY
015 E040019 X
015 A000020 THE MITSUBISHI BANK, LTD.
015 B000020 S
015 C010020 TOKYO
015 D010020 JAPAN
015 E040020 X
015 A000021 STANDARD CHARTERED BANK
015 B000021 S
015 C010021 KUALA LUMPUR
015 D010021 MALAYSIA
015 E040021 X
015 A000022 BANCO NACIONAL DE MEXICO S.A.
015 B000022 S
015 C010022 MEXICO CITY
015 D010022 MEXICO
015 E040022 X
015 A000023 MEESPIERSON, N.V.
015 B000023 S
015 C010023 AMSTERDAM
<PAGE> PAGE 4
015 D010023 NETHERLANDS
015 E040023 X
015 A000024 NATIONAL NOMINEES, LTD.
015 B000024 S
015 C010024 AUCKLAND
015 D010024 NEW ZEALAND
015 E040024 X
015 A000029 NOR/UNION BANK OF NORWAY
015 B000029 S
015 C010029 OSLO
015 D010029 NORWAY
015 E040029 X
015 A000030 THE HONGKONG AND SHANGHAI BANKING CORP.
015 B000030 S
015 C010030 MANILA
015 D010030 PHILIPPINES
015 E040030 X
015 A000032 BANCO TOTTA & ACORES S.A.
015 B000032 S
015 C010032 LISBON
015 D010032 PORTUGAL
015 E040032 X
015 A000033 DEVELOPMENT BANK OF SINGAPORE LTD.
015 B000033 S
015 C010033 SINGAPORE
015 D010033 SINGAPORE
015 E040033 X
015 A000034 BANCO URQUIJO
015 B000034 S
015 C010034 MADRID
015 D010034 SPAIN
015 E040034 X
015 A000035 SVENSKA HANDELSBANKEN
015 B000035 S
015 C010035 STOCKHOLM
015 D010035 SWEDEN
015 E040035 X
015 A000036 BANK LEU LTD.
015 B000036 S
015 C010036 ZURICH
015 D010036 SWITZERLAND
015 E040036 X
015 A000037 THE HONGKONG AND SHANGHAI BANKING CORP.
015 B000037 S
015 C010037 BANGKOK
015 D010037 THAILAND
015 E040037 X
015 A000038 EUROCLEAR CLEARANCE SYSTEM
015 B000038 S
015 C010038 BRUSSELS
015 D010038 BELGIUM
<PAGE> PAGE 5
015 E040038 X
015 A000039 THE HONGKONG AND SHANGHAI BANKING CORP.
015 B000039 S
015 C010039 JAKARTA
015 D010039 INDONESIA
015 E040039 X
015 A000040 CITIBANK, N.A.
015 B000040 S
015 C010040 ISTANBUL
015 D010040 TURKEY
015 E040040 X
015 A000042 FIRST NATIONAL BANK OF BOSTON
015 B000042 S
015 C010042 SANTIAGO
015 D010042 CHILE
015 E040042 X
015 A000043 NATIONAL BANK OF GREECE
015 B000043 S
015 C010043 ATHENS
015 D010043 GREECE
015 E040043 X
015 A000045 CITIBANK, N.A.
015 B000045 S
015 C010045 CARACAS
015 D010045 VENEZUELA
015 E040045 X
015 A000049 THE HONGKONG AND SHANGHAI BANKING CORP.
015 B000049 S
015 C010049 COLOMBO
015 D010049 SRI LANKA
015 E040049 X
015 A000053 DEUTSCHE BANK
015 B000053 S
015 C010053 KARACHI
015 D010053 PAKISTAN
015 E040053 X
015 A000054 FIRST NATIONAL BANK OF BOSTON
015 B000054 S
015 C010054 MONTEVIDEO
015 D010054 URUGUAY
015 E040054 X
015 A000055 CITIBANK, N.A.
015 B000055 S
015 C010055 SAO PAULO
015 D010055 BRAZIL
015 E040055 X
015 A000056 BARCLAYS BANK PLC
015 B000056 S
015 C010056 NICOSIA
015 D010056 CYPRUS
015 E040056 X
<PAGE> PAGE 6
015 A000057 BANK HAPOALIM B.M.
015 B000057 S
015 C010057 TEL AVIV
015 D010057 ISRAEL
015 E040057 X
015 A000058 ARAB BANK
015 B000058 S
015 C010058 AMMAN
015 D010058 JORDAN
015 E040058 X
015 A000059 KOREA EXCHANGE BANK
015 B000059 S
015 C010059 SEOUL
015 D010059 KOREA
015 E040059 X
015 A000060 BANQUE GENERALE DU LUXEMBOURG
015 B000060 S
015 C010060 LUXEMBOURG
015 D010060 LUXEMBOURG
015 E040060 X
015 A000061 CEDEL
015 B000061 S
015 C010061 LUXEMBOURG
015 D010061 LUXEMBOURG
015 E040061 X
015 A000062 BOSTON SAFE DEPOSIT AND TRUST COMPANY
015 B000062 S
015 C010062 LONDON
015 D010062 UNITED KINGDOM
015 E040062 X
015 A000063 STANDARD BANK OF SOUTH AFRICA, LIMITED
015 B000063 S
015 C010063 JOHANNESBURG
015 D010063 SOUTH AFRICA
015 E040063 X
015 A000064 THE HONGKONG AND SHANGHAI BANKING CORP
015 B000064 S
015 C010064 SHENZHEN
015 D010064 CHINA
015 E040064 X
015 A000065 THE HONGKONG AND SHANGHAI BANKING CORP
015 B000065 S
015 C010065 BOMBAY
015 D010065 INDIA
015 E040065 X
018 000000 Y
019 A000000 Y
019 B000000 37
019 C000000 COLGPFUNDS
020 A000001 SMITH BARNEY SHEARSON
020 C000001 0
<PAGE> PAGE 7
020 A000002 GOLDMAN SACHS
020 C000002 0
020 A000003 SALOMON BROTHERS
020 C000003 0
020 A000004 MORGAN STANLEY
020 C000004 0
020 A000005 MERRILL LYNCH
020 C000005 0
020 A000006 DONALDSON, LUFKIN, JENRETTE
020 C000006 0
020 A000007 JEFFRIER & CO.
020 C000007 0
020 A000008 KIDDER PEABODY
020 C000008 0
020 A000009 CHASE SECURITIES
020 C000009 0
020 A000010 FIRST BOSTON
020 C000010 0
021 000000 0
022 A000001 BANKERS TRUST COMPANY
022 B000001 13-4941247
022 C000001 319694
022 D000001 10949
022 A000002 SHEARSON LEHMAN BROTHERS INC
022 B000002 13-2518466
022 C000002 190642
022 D000002 9227
022 A000003 GOLDMAN SACHS & CO
022 B000003 13-5108880
022 C000003 19349
022 D000003 9332
022 A000004 SWISS BANK
022 C000004 17931
022 D000004 10685
022 A000005 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
022 B000005 13-5674085
022 C000005 11701
022 D000005 9511
022 A000006 PAINE WEBBER, INC.
022 B000006 13-2638166
022 C000006 8020
022 D000006 7416
022 A000007 WESTPAC BANKING
022 C000007 7287
022 D000007 6877
022 A000008 BANAMEX
022 C000008 3011
022 D000008 6112
022 A000009 S.G. WARBURG & CO. INC.
022 B000009 13-3340045
022 C000009 4314
<PAGE> PAGE 8
022 D000009 4523
022 A000010 GRANTCHESTER INC.
022 C000010 897
022 D000010 7748
023 C000000 626745
023 D000000 115325
024 000000 N
025 D000001 0
025 D000002 0
025 D000003 0
025 D000004 0
025 D000005 0
025 D000006 0
025 D000007 0
025 D000008 0
026 A000000 Y
026 B000000 Y
026 C000000 Y
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 N
028 A010000 0
028 A020000 0
028 A030000 0
028 A040000 0
028 B010000 0
028 B020000 0
028 B030000 0
028 B040000 0
028 C010000 0
028 C020000 0
028 C030000 0
028 C040000 0
028 D010000 0
028 D020000 0
028 D030000 0
028 D040000 0
028 E010000 0
028 E020000 0
028 E030000 0
028 E040000 0
028 F010000 0
028 F020000 0
028 F030000 0
028 F040000 0
028 G010000 0
028 G020000 0
<PAGE> PAGE 9
028 G030000 0
028 G040000 0
028 H000000 0
030 A000000 0
030 B000000 0.00
030 C000000 0.00
031 A000000 0
031 B000000 0
032 000000 0
033 000000 0
035 000000 0
036 B000000 0
038 000000 0
042 A000000 0
042 B000000 0
042 C000000 0
042 D000000 0
042 E000000 0
042 F000000 0
042 G000000 0
042 H000000 0
043 000000 0
044 000000 0
045 000000 Y
046 000000 N
047 000000 Y
048 000000 0.750
048 A010000 0
048 A020000 0.000
048 B010000 0
048 B020000 0.000
048 C010000 0
048 C020000 0.000
048 D010000 0
048 D020000 0.000
048 E010000 0
048 E020000 0.000
048 F010000 0
048 F020000 0.000
048 G010000 0
048 G020000 0.000
048 H010000 0
048 H020000 0.000
048 I010000 0
048 I020000 0.000
048 J010000 0
048 J020000 0.000
048 K010000 0
048 K020000 0.000
049 000000 N
050 000000 N
<PAGE> PAGE 10
051 000000 N
052 000000 N
053 A000000 N
054 A000000 Y
054 B000000 N
054 C000000 Y
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 N
054 H000000 Y
054 I000000 N
054 J000000 Y
054 K000000 N
054 L000000 N
054 M000000 Y
054 N000000 Y
054 O000000 N
055 A000000 N
055 B000000 N
056 000000 Y
057 000000 N
058 A000000 N
059 000000 Y
060 A000000 Y
060 B000000 Y
061 000000 0
062 A000000 Y
062 B000000 0.0
062 C000000 0.0
062 D000000 3.0
062 E000000 0.0
062 F000000 0.0
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062 I000000 0.0
062 J000000 0.0
062 K000000 0.0
062 L000000 0.0
062 M000000 17.9
062 N000000 3.6
062 O000000 0.0
062 P000000 43.3
062 Q000000 28.6
062 R000000 3.6
063 A000000 0
063 B000000 6.7
064 A000000 N
064 B000000 N
066 A000000 N
067 000000 N
<PAGE> PAGE 11
068 A000000 N
068 B000000 N
069 000000 N
070 A010000 Y
070 A020000 Y
070 B010000 N
070 B020000 N
070 C010000 Y
070 C020000 N
070 D010000 N
070 D020000 N
070 E010000 Y
070 E020000 N
070 F010000 N
070 F020000 N
070 G010000 Y
070 G020000 N
070 H010000 N
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 Y
070 J020000 N
070 K010000 Y
070 K020000 N
070 L010000 Y
070 L020000 Y
070 M010000 Y
070 M020000 Y
070 N010000 Y
070 N020000 N
070 O010000 Y
070 O020000 N
070 P010000 Y
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 Y
070 R020000 N
071 A000000 116025
071 B000000 114545
071 C000000 115579
071 D000000 99
072 A000000 12
072 B000000 11830
072 C000000 150
072 D000000 0
072 E000000 0
072 F000000 918
072 G000000 0
072 H000000 0
<PAGE> PAGE 12
072 I000000 57
072 J000000 29
072 K000000 0
072 L000000 12
072 M000000 17
072 N000000 0
072 O000000 0
072 P000000 0
072 Q000000 32
072 R000000 47
072 S000000 5
072 T000000 0
072 U000000 1
072 V000000 0
072 W000000 71
072 X000000 1189
072 Y000000 0
072 Z000000 10791
072AA000000 2935
072BB000000 5786
072CC010000 0
072CC020000 11235
072DD010000 10675
072DD020000 0
072EE000000 3734
073 A010000 0.9700
073 A020000 0.0000
073 B000000 0.3390
073 C000000 0.0000
074 A000000 0
074 B000000 3506
074 C000000 0
074 D000000 106972
074 E000000 1222
074 F000000 489
074 G000000 0
074 H000000 0
074 I000000 17
074 J000000 315
074 K000000 0
074 L000000 2965
074 M000000 5
074 N000000 115491
074 O000000 0
074 P000000 20
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 903
074 S000000 0
<PAGE> PAGE 13
074 T000000 114568
074 U010000 11009
074 U020000 0
074 V010000 10.41
074 V020000 0.00
074 W000000 0.0000
074 X000000 2442
074 Y000000 0
075 A000000 0
075 B000000 122092
076 000000 10.00
077 A000000 Y
077 B000000 Y
077 C000000 Y
077 D000000 Y
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 Y
077 Q020000 N
077 Q030000 N
078 000000 N
080 A000000 ICI MUTUAL
080 C000000 25000
081 A000000 Y
081 B000000 35
082 A000000 Y
082 B000000 150
083 A000000 N
083 B000000 0
084 A000000 N
084 B000000 0
085 A000000 Y
085 B000000 N
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
<PAGE> PAGE 14
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
SIGNATURE JANET SHORE
TITLE ASSISTANT SECRETARY
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FINANCIAL
STATEMENTS OF COLONIAL INTERMARKET INCOME TRUST YEAR END 11-30-1994 AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS OF COLONIAL
INTERMARKET INCOME TRUST YEAR END 11-30-1994.
</LEGEND>
<CIK> 0000853770
<NAME> COLONIAL INTERMARKET INCOME TRUST
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> NOV-30-1994
<PERIOD-END> NOV-30-1994
<INVESTMENTS-AT-COST> 113690
<INVESTMENTS-AT-VALUE> 108700
<RECEIVABLES> 3280
<ASSETS-OTHER> 5
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 3285
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 923
<TOTAL-LIABILITIES> 923
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 122290
<SHARES-COMMON-STOCK> 11009
<SHARES-COMMON-PRIOR> 11009
<ACCUMULATED-NII-CURRENT> 155
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (2887)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (4990)
<NET-ASSETS> 114568
<DIVIDEND-INCOME> 150
<INTEREST-INCOME> 11830
<OTHER-INCOME> 0
<EXPENSES-NET> 1189
<NET-INVESTMENT-INCOME> 10791
<REALIZED-GAINS-CURRENT> (2851)
<APPREC-INCREASE-CURRENT> (11235)
<NET-CHANGE-FROM-OPS> (3295)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 10675
<DISTRIBUTIONS-OF-GAINS> 3734
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (17704)
<ACCUMULATED-NII-PRIOR> 90
<ACCUMULATED-GAINS-PRIOR> 3647
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 918
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1189
<AVERAGE-NET-ASSETS> 122092
<PER-SHARE-NAV-BEGIN> 12.010
<PER-SHARE-NII> 0.980
<PER-SHARE-GAIN-APPREC> (1.271)
<PER-SHARE-DIVIDEND> 0.970
<PER-SHARE-DISTRIBUTIONS> 0.339
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.410
<EXPENSE-RATIO> 0.98
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
