<PAGE> PAGE 1
000 A000000 06/30/94
000 C000000 0000862473
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 U
001 A000000 FLAG INTERMEDIATE-TERM INCOME FUND, INC.
001 B000000 811-6084
001 C000000 4107271700
002 A000000 135 E. BALTIMORE STREET
002 B000000 BALTIMORE
002 C000000 MD
002 D010000 21202
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 1
007 C010100 1
007 C020100 FLAG INVESTORS INTERMEDIATE-TERM INCOME FUND
007 C030100 N
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 A00AA01 INVESTMENT COMPANY CAPITAL CORP.
008 B00AA01 A
008 C00AA01 801-29557
008 D01AA01 BALTIMORE
008 D02AA01 MD
008 D03AA01 21202
012 A00AA01 INVESTMENT COMPANY CAPITAL CORP.
012 B00AA01 84-5477
012 C01AA01 BALTIMORE
012 C02AA01 MD
012 C03AA01 21202
014 A00AA01 DELETE
015 A00AA01 PNC BANK, N.A.
015 B00AA01 C
015 C01AA01 LESTER
015 C02AA01 PA
015 C03AA01 19113
<PAGE> PAGE 2
015 E01AA01 X
022 A000001 GOLDMAN, SACHS & CO.
022 B000001 13-5108880
022 C000001 1994433
022 D000001 0
022 A000002 CRAIGIE INC.
022 B000002 54-0294670
022 C000002 19508
022 D000002 6454
022 A000003 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
022 B000003 13-5674085
022 C000003 0
022 D000003 15419
022 A000004 DEAN WITTER REYNOLDS, INC.
022 B000004 94-1671384
022 C000004 5053
022 D000004 7318
022 A000005 SHEARSON LEHMAN BROS.,INC.
022 B000005 13-2518466
022 C000005 8572
022 D000005 0
022 A000006 BEAR STEARNS & CO.
022 B000006 13-3299429
022 C000006 3991
022 D000006 0
022 A000007 SMITH, BARNEY, HARRIS, UPHAM & CO., INC.
022 B000007 13-3371860
022 C000007 2572
022 D000007 0
022 C000008 0
022 D000008 0
022 C000009 0
022 D000009 0
022 C000010 0
022 D000010 0
023 C000000 2034129
023 D000000 29191
028 A01AA00 6216
028 A02AA00 416
028 A03AA00 0
028 A04AA00 2715
028 B01AA00 1999
028 B02AA00 415
028 B03AA00 0
028 B04AA00 5875
028 C01AA00 4283
028 C02AA00 408
028 C03AA00 0
028 C04AA00 1999
028 D01AA00 779
028 D02AA00 346
<PAGE> PAGE 3
028 D03AA00 0
028 D04AA00 2671
028 E01AA00 569
028 E02AA00 352
028 E03AA00 0
028 E04AA00 3987
028 F01AA00 984
028 F02AA00 337
028 F03AA00 0
028 F04AA00 6078
028 G01AA00 14830
028 G02AA00 2274
028 G03AA00 0
028 G04AA00 23325
028 H00AA00 10668
029 00AA00 Y
030 A00AA00 82
030 B00AA00 1.50
030 C00AA00 0.00
031 A00AA00 13
031 B00AA00 0
032 00AA00 1
033 00AA00 68
042 A00AA00 0
042 B00AA00 0
042 C00AA00 100
042 D00AA00 0
042 E00AA00 0
042 F00AA00 0
042 G00AA00 0
042 H00AA00 0
043 00AA00 137
044 00AA00 0
062 A00AA00 Y
062 B00AA00 0.0
062 C00AA00 0.0
062 D00AA00 8.1
062 E00AA00 0.0
062 F00AA00 0.0
062 G00AA00 0.0
062 H00AA00 0.0
062 I00AA00 0.0
062 J00AA00 0.0
062 K00AA00 0.0
062 L00AA00 0.0
062 M00AA00 14.6
062 N00AA00 33.4
062 O00AA00 0.0
062 P00AA00 28.2
062 Q00AA00 15.7
062 R00AA00 0.0
<PAGE> PAGE 4
071 A00AA00 39696
071 B00AA00 35156
071 C00AA00 93638
071 D00AA00 38
072 A00AA00 6
072 B00AA00 3303
072 C00AA00 0
072 D00AA00 0
072 E00AA00 0
072 F00AA00 191
072 G00AA00 0
072 H00AA00 0
072 I00AA00 13
072 J00AA00 14
072 K00AA00 0
072 L00AA00 8
072 M00AA00 2
072 N00AA00 12
072 O00AA00 0
072 P00AA00 0
072 Q00AA00 34
072 R00AA00 12
072 S00AA00 11
072 T00AA00 137
072 U00AA00 5
072 V00AA00 0
072 W00AA00 6
072 X00AA00 445
072 Y00AA00 63
072 Z00AA00 2921
072AA00AA00 0
072BB00AA00 349
072CC01AA00 0
072CC02AA00 6406
072DD01AA00 2699
072DD02AA00 0
072EE00AA00 0
073 A01AA00 0.0000
073 A02AA00 0.0000
073 B00AA00 0.0000
073 C00AA00 0.0000
074 A00AA00 1
074 B00AA00 8099
074 C00AA00 0
074 D00AA00 89296
074 E00AA00 0
074 F00AA00 0
074 G00AA00 0
074 H00AA00 0
074 I00AA00 0
074 J00AA00 0
<PAGE> PAGE 5
074 K00AA00 0
074 L00AA00 3245
074 M00AA00 30
074 N00AA00 100671
074 O00AA00 0
074 P00AA00 0
074 Q00AA00 0
074 R01AA00 0
074 R02AA00 0
074 R03AA00 0
074 R04AA00 905
074 S00AA00 0
074 T00AA00 99766
074 U01AA00 10011
074 U02AA00 0
074 V01AA00 9.97
074 V02AA00 0.00
074 W00AA00 0.0000
074 X00AA00 1800
074 Y00AA00 0
075 A00AA00 0
075 B00AA00 110253
076 00AA00 0.00
077 A000000 Y
077 Q010000 Y
078 000000 N
080 A00AA00 ICI MUTUAL INSURANCE COMPANY
080 C00AA00 7750
081 A00AA00 Y
081 B00AA00 13
082 A00AA00 Y
082 B00AA00 100
SIGNATURE EDWARD J. VEILLEUX
TITLE VICE PRESIDENT