<PAGE> PAGE 1
000 B000000 11/30/95
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 A
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
011 A000005 STIFEL, NICOLAUS & COMPANY INC.
011 B000005 8-1447
011 C010005 ST. LOUIS
011 C020005 MO
011 C030005 63102
011 A000006 SUTRO & CO. INCORPORATED
011 B000006 8-15491
011 C010006 SAN FRANCISCO
011 C020006 CA
011 C030006 94111
011 A000007 GRUNTAL & CO., INCORPORATED
011 B000007 8-31022
011 C010007 NEW YORK
011 C020007 NY
011 C030007 10005
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
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
<PAGE> PAGE 3
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
015 C010010 COPENHAGEN
015 D010010 DENMARK
015 E040010 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
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
<PAGE> PAGE 4
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
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.
<PAGE> PAGE 5
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.
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 CITIBANK, N.A.
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
<PAGE> PAGE 6
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 FIRST NATIONAL BANK OF BOSTON
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
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
<PAGE> PAGE 7
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 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 39
019 C000000 COLGPFUNDS
020 A000001 GRFANTCHESTER INC
020 C000001 0
020 C000002 0
020 C000003 0
020 C000004 0
020 C000005 0
020 C000006 0
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 0
022 A000001 LEHMAN BROTHERS INC
022 C000001 522710
022 D000001 1842
022 A000002 BANKERS TRUST COMPANY
022 B000002 13-4941247
022 C000002 289907
022 D000002 10218
022 A000003 CHASE SECURITIES
022 B000003 13-3112953
022 C000003 91922
022 D000003 1432
022 A000004 GOLDMAN SACHS & CO
022 C000004 9577
022 D000004 9996
022 A000005 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC
022 B000005 13-5674085
022 C000005 10583
022 D000005 8842
<PAGE> PAGE 8
022 A000006 SWISS BANK
022 C000006 8042
022 D000006 9189
022 A000007 CITIBANK
022 C000007 8503
022 D000007 8182
022 A000008 JP MORGAN SECURIITES
022 C000008 10441
022 D000008 1095
022 A000009 PAINEWEBBER INC
022 C000009 3220
022 D000009 6601
022 A000010 WESTPAC BANKING
022 C000010 4399
022 D000010 4279
023 C000000 980052
023 D000000 86549
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
<PAGE> PAGE 9
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
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
<PAGE> PAGE 10
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
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 0.5
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 17.4
<PAGE> PAGE 11
062 N000000 4.9
062 O000000 0.0
062 P000000 37.5
062 Q000000 35.8
062 R000000 3.9
063 A000000 0
063 B000000 7.0
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 Y
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 Y
071 A000000 89096
<PAGE> PAGE 12
071 B000000 87833
071 C000000 114604
071 D000000 77
072 A000000 12
072 B000000 11573
072 C000000 0
072 D000000 0
072 E000000 0
072 F000000 895
072 G000000 0
072 H000000 0
072 I000000 46
072 J000000 32
072 K000000 0
072 L000000 12
072 M000000 17
072 N000000 0
072 O000000 0
072 P000000 0
072 Q000000 34
072 R000000 47
072 S000000 10
072 T000000 0
072 U000000 0
072 V000000 0
072 W000000 67
072 X000000 1160
072 Y000000 0
072 Z000000 10413
072AA000000 3802
072BB000000 3859
072CC010000 9608
072CC020000 0
072DD010000 10435
072DD020000 0
072EE000000 0
073 A010000 0.9480
073 A020000 0.0000
073 B000000 0.0000
073 C000000 0.0000
074 A000000 254
074 B000000 563
074 C000000 0
074 D000000 118592
074 E000000 0
074 F000000 1224
074 G000000 0
074 H000000 0
074 I000000 203
074 J000000 1407
074 K000000 0
<PAGE> PAGE 13
074 L000000 3017
074 M000000 21
074 N000000 125281
074 O000000 254
074 P000000 2
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 928
074 S000000 0
074 T000000 124097
074 U010000 11009000
074 U020000 0
074 V010000 11.27
074 V020000 0.00
074 W000000 0.0000
074 X000000 2188
074 Y000000 0
075 A000000 0
075 B000000 119295
076 000000 10.75
077 A000000 Y
077 B000000 Y
077 C000000 N
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
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 INSURANCE COMPANY
080 C000000 25000
081 A000000 Y
081 B000000 46
082 A000000 Y
082 B000000 150
083 A000000 N
083 B000000 0
084 A000000 N
<PAGE> PAGE 14
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
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 NOV-30-1995 AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS OF COLONIAL
INTERMARKET INCOME TRUST YEAR END NOV-30-1995.
</LEGEND>
<CIK> 0000853770
<NAME> COLONIAL INTERMARKET INCOME TRUST
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> NOV-30-1995
<PERIOD-END> NOV-30-1995
<INVESTMENTS-AT-COST> 115953
<INVESTMENTS-AT-VALUE> 120582
<RECEIVABLES> 4424
<ASSETS-OTHER> 21
<OTHER-ITEMS-ASSETS> 254
<TOTAL-ASSETS> 125281
<PAYABLE-FOR-SECURITIES> 254
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 930
<TOTAL-LIABILITIES> 1184
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 122290
<SHARES-COMMON-STOCK> 11009
<SHARES-COMMON-PRIOR> 11009
<ACCUMULATED-NII-CURRENT> 571
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (3382)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 4618
<NET-ASSETS> 124097
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 11573
<OTHER-INCOME> 0
<EXPENSES-NET> 1160
<NET-INVESTMENT-INCOME> 10413
<REALIZED-GAINS-CURRENT> (57)
<APPREC-INCREASE-CURRENT> 9608
<NET-CHANGE-FROM-OPS> 19964
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 10435
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 9529
<ACCUMULATED-NII-PRIOR> 155
<ACCUMULATED-GAINS-PRIOR> (2887)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 895
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1160
<AVERAGE-NET-ASSETS> 119295
<PER-SHARE-NAV-BEGIN> 10.410
<PER-SHARE-NII> 0.986
<PER-SHARE-GAIN-APPREC> 0.822
<PER-SHARE-DIVIDEND> 0.948
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.270
<EXPENSE-RATIO> 0.97
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
