<PAGE> PAGE 1
000 A000000 05/31/96
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
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 A000003 BANCO DE BOGOTA
015 B000003 S
015 C010003 BOGOTA
015 D010003 COLUMBIA
015 E040003 X
015 A000004 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
015 B000004 S
015 C010004 PRAGUE
<PAGE> PAGE 2
015 D010004 CZECH REPUBLIC
015 E040004 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 A000007 STATNARD CHARTERED BANK
015 B000007 S
015 C010007 DAHAKA
015 D010007 BANGLADESH
015 E040007 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
015 C010010 COPENHAGEN
015 D010010 DENMARK
015 E040010 X
015 A000011 THE STANBIC BANK BOTSWANA LIMITED
015 B000011 S
015 C010011 GABORONE WEST
015 D010011 BOTSWANA
015 E040011 X
015 A000012 MERITA BANK LTD
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
<PAGE> PAGE 3
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 A000016 THE HONG KONG AND SHANGHAI BANKING CO
015 B000016 S
015 C010016 SHANGHAI
015 D010016 CHINA
015 E040016 X
015 A000017 THE MERCHANT BANK (GHANA) LIMITED
015 B000017 S
015 C010017 ACCRA
015 D010017 GHANA
015 E040017 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
015 D010023 NETHERLANDS
015 E040023 X
015 A000024 NATIONAL NOMINEES, LTD.
015 B000024 S
015 C010024 AUCKLAND
015 D010024 NEW ZEALAND
015 E040024 X
<PAGE> PAGE 4
015 A000025 THE HONG KONG ANS SHANGHAI BANKING CORP
015 B000025 S
015 C010025 PORT LOUIS
015 D010025 MAURITIUS
015 E040025 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
015 E040038 X
015 A000039 THE HONGKONG AND SHANGHAI BANKING CORP.
<PAGE> PAGE 5
015 B000039 S
015 C010039 JAKARTA
015 D010039 INDONESIA
015 E040039 X
015 A000040 OSMANLI BANKASI A.S.
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 A000044 MELLON BANK, N.A.
015 B000044 S
015 C010044 LONDON
015 D010044 UNITED KINGDOM
015 E040044 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
<PAGE> PAGE 6
015 C010056 NICOSIA
015 D010056 CYPRUS
015 E040056 X
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 MIDLAND BANK PLC
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
015 A000066 CENTRAL TRUST OF CHINA
015 B000066 S
015 C010066 TAIPEI
<PAGE> PAGE 7
015 D010066 TAIWAN
015 E040066 X
015 A000067 THE STANDBIC BANK ZIMBABWE LIMITED
015 B000067 S
015 C010067 HARARE
015 D010067 ZIMBABWE
015 E040067 X
015 A000070 BANK POLSKA KASA OPIEKA S.A.
015 B000070 S
015 C010070 WARSAW
015 D010070 POLAND
015 E040070 X
018 000000 Y
019 A000000 Y
019 B000000 49
019 C000000 COLGPFUNDS
020 A000001 CREDIT LYONNAIS (ASIA)
020 C000001 627
020 A000002 CROSBY SECURITIES INC
020 B000002 13-3431728
020 C000002 493
020 A000003 FIRST BOSTON CO
020 B000003 13-5659485
020 C000003 292
020 A000004 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
020 B000004 13-5674085
020 C000004 262
020 A000005 GOLDMAN SACHS & CO
020 B000005 13-5108880
020 C000005 247
020 A000006 BARING SECURITIES INC
020 B000006 04-2455153
020 C000006 226
020 A000007 H G ASIA
020 B000007 13-3227945
020 C000007 212
020 A000008 SMITH, BARNEY, HARRIS, UPHAM & CO
020 B000008 13-1912900
020 C000008 210
020 A000009 CAPEL (JAMES) SECURITIES INC
020 B000009 52-1348224
020 C000009 183
020 A000010 MORGAN STANLEY INC
020 B000010 13-2655998
020 C000010 160
021 000000 2912
022 A000001 BANKERS TRUST CO
022 B000001 13-4941247
022 C000001 59515790
022 D000001 0
022 A000002 CHASE SECURITIES
<PAGE> PAGE 8
022 B000002 13-4994650
022 C000002 14466989
022 D000002 0
022 A000003 BANK OF AMERICA NT & SA
022 B000003 94-1687665
022 C000003 5640506
022 D000003 0
022 A000004 SALOMON BROTHERS INC
022 B000004 13-3082694
022 C000004 2018814
022 D000004 1893881
022 A000005 SMITH, BARNEY, HARRIS, UPHAM & CO
022 B000005 13-1912900
022 C000005 1161542
022 D000005 1293316
022 A000006 LEHMAN BROTHERS
022 B000006 13-2518466
022 C000006 726807
022 D000006 941898
022 A000007 UBS SECURITIES
022 B000007 13-2932996
022 C000007 793570
022 D000007 784767
022 A000008 PAINEWEBBER INC
022 B000008 13-2638166
022 C000008 911246
022 D000008 509110
022 A000009 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
022 B000009 13-3172275
022 C000009 642357
022 D000009 743951
022 A000010 GREENWICH CAPITAL MARKET
022 B000010 13-3172275
022 C000010 550690
022 D000010 566838
023 C000000 86428311
023 D000000 6733761
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
055 A000000 N
055 B000000 N
056 000000 N
057 000000 N
058 A000000 N
<PAGE> PAGE 9
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 0.7
062 E000000 0.0
062 F000000 0.0
062 G000000 0.0
062 H000000 0.0
062 I000000 0.0
062 J000000 0.0
062 K000000 0.0
062 L000000 0.0
062 M000000 0.0
062 N000000 21.2
062 O000000 0.0
062 P000000 44.9
062 Q000000 32.5
062 R000000 0.0
063 A000000 0
063 B000000 0.0
064 A000000 N
064 B000000 N
066 A000000 N
067 000000 N
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
<PAGE> PAGE 10
070 K010000 Y
070 K020000 N
070 L010000 Y
070 L020000 Y
070 M010000 Y
070 M020000 N
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 73491
071 B000000 71395
071 C000000 118503
071 D000000 60
072 A000000 6
072 B000000 5705
072 C000000 0
072 D000000 0
072 E000000 0
072 F000000 464
072 G000000 0
072 H000000 0
072 I000000 23
072 J000000 15
072 K000000 0
072 L000000 7
072 M000000 12
072 N000000 0
072 O000000 0
072 P000000 0
072 Q000000 18
072 R000000 22
072 S000000 7
072 T000000 0
072 U000000 0
072 V000000 0
072 W000000 35
072 X000000 603
072 Y000000 0
072 Z000000 5102
072AA000000 2844
072BB000000 0
072CC010000 0
072CC020000 4747
072DD010000 5284
<PAGE> PAGE 11
072DD020000 0
072EE000000 385
073 A010000 0.4800
073 A020000 0.0000
073 B000000 0.0350
073 C000000 0.0000
074 A000000 0
074 B000000 792
074 C000000 0
074 D000000 54625
074 E000000 7
074 F000000 17
074 G000000 0
074 H000000 0
074 I000000 65317
074 J000000 207
074 K000000 0
074 L000000 2074
074 M000000 0
074 N000000 123039
074 O000000 500
074 P000000 2
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 910
074 S000000 0
074 T000000 121627
074 U010000 11009
074 U020000 0
074 V010000 11.05
074 V020000 0.00
074 W000000 0.0000
074 X000000 2075
074 Y000000 0
075 A000000 0
075 B000000 123763
076 000000 11.13
077 A000000 Y
077 B000000 N
077 C000000 Y
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
<PAGE> PAGE 12
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 C000000 0
081 B000000 0
082 B000000 0
083 B000000 0
084 B000000 0
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
SIGNATURE PETER LYDECKER
TITLE CONTROLLER
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FINANCIAL
STATEMENTS OF COLONIAL INTERMARKET INCOME TRUST I YEAR END NOV-30-1996 AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANICAL STATEMENTS OF COLONIAL
INTERMARKET INCOME TRUST I NOV-30-1996
</LEGEND>
<CIK> 0000853770
<NAME> COLONIAL INTERMARET INCOME TRUST
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-30-1996
<PERIOD-END> MAY-31-1996
<INVESTMENTS-AT-COST> 121028
<INVESTMENTS-AT-VALUE> 120758
<RECEIVABLES> 2278
<ASSETS-OTHER> 3
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 123039
<PAYABLE-FOR-SECURITIES> 500
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 912
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 122287
<SHARES-COMMON-STOCK> 11009
<SHARES-COMMON-PRIOR> 11009
<ACCUMULATED-NII-CURRENT> 587
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 1118
<ACCUM-APPREC-OR-DEPREC> (129)
<NET-ASSETS> 121627
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 5705
<OTHER-INCOME> 0
<EXPENSES-NET> 603
<NET-INVESTMENT-INCOME> 5102
<REALIZED-GAINS-CURRENT> 2844
<APPREC-INCREASE-CURRENT> (4747)
<NET-CHANGE-FROM-OPS> 3199
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 5284
<DISTRIBUTIONS-OF-GAINS> 385
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (2470)
<ACCUMULATED-NII-PRIOR> 571
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 3382
<GROSS-ADVISORY-FEES> 464
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 603
<AVERAGE-NET-ASSETS> 123763
<PER-SHARE-NAV-BEGIN> 11.27
<PER-SHARE-NII> 0.481
<PER-SHARE-GAIN-APPREC> (0.186)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0.515
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.05
<EXPENSE-RATIO> 0.97
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
