<PAGE> PAGE 1
000 B000000 12/31/94
000 C000000 0000862473
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 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
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 10
019 C00AA00 FLAGINVEST
022 A000001 GOLDMAN, SACHS & CO.
022 B000001 13-5108880
022 C000001 3207743
022 D000001 0
022 A000002 CRAIGIE INC.
022 B000002 54-0294670
022 C000002 19508
022 D000002 6454
022 A000003 DEAN WITTER REYNOLDS, INC.
022 B000003 94-1671384
022 C000003 5600
022 D000003 13691
022 A000004 MERRILL LYNCH, PIERCE FENNER & SMITH INC
022 B000004 13-5674085
022 C000004 0
022 D000004 15419
022 A000005 LEHMAN BROTHERS, INC.
022 B000005 13-2518466
022 C000005 8572
022 D000005 1140
022 A000006 WHEAT FIRST SECURITIES
022 B000006 54-0079656
022 C000006 0
022 D000006 8209
022 A000007 BEAR, STEARNS & CO. INC.
<PAGE> PAGE 2
022 B000007 13-3299429
022 C000007 6990
022 D000007 0
022 A000008 SMITH BARNEY SHEARSON INC.
022 B000008 13-3371860
022 C000008 2572
022 D000008 0
022 A000009 DEUTSCHE BANK SECURITIES
022 B000009 13-2730828
022 C000009 0
022 D000009 1970
022 C000010 0
022 D000010 0
023 C000000 3250985
023 D000000 46883
028 A01AA00 547
028 A02AA00 315
028 A03AA00 0
028 A04AA00 809
028 B01AA00 613
028 B02AA00 311
028 B03AA00 0
028 B04AA00 2330
028 C01AA00 626
028 C02AA00 307
028 C03AA00 0
028 C04AA00 3068
028 D01AA00 209
028 D02AA00 301
028 D03AA00 0
028 D04AA00 1649
028 E01AA00 177
028 E02AA00 295
028 E03AA00 0
028 E04AA00 7149
028 F01AA00 1468
028 F02AA00 264
028 F03AA00 0
028 F04AA00 8132
028 G01AA00 3640
028 G02AA00 1793
028 G03AA00 0
028 G04AA00 23137
028 H00AA00 2913
029 00AA00 Y
030 A00AA00 54
030 B00AA00 1.50
030 C00AA00 0.00
031 A00AA00 5
031 B00AA00 0
032 00AA00 2
<PAGE> PAGE 3
033 00AA00 47
042 A00AA00 0
042 B00AA00 0
042 C00AA00 0
042 D00AA00 100
042 E00AA00 0
042 F00AA00 0
042 G00AA00 0
042 H00AA00 0
043 00AA00 255
044 00AA00 0
062 A00AA00 Y
062 B00AA00 0.0
062 C00AA00 0.0
062 D00AA00 7.9
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 0.8
062 M00AA00 18.1
062 N00AA00 22.9
062 O00AA00 0.0
062 P00AA00 37.5
062 Q00AA00 12.8
062 R00AA00 0.0
071 A00AA00 44558
071 B00AA00 56545
071 C00AA00 89667
071 D00AA00 50
072 A00AA00 12
072 B00AA00 6407
072 C00AA00 0
072 D00AA00 0
072 E00AA00 0
072 F00AA00 358
072 G00AA00 0
072 H00AA00 0
072 I00AA00 29
072 J00AA00 26
072 K00AA00 3
072 L00AA00 15
072 M00AA00 5
072 N00AA00 28
072 O00AA00 0
072 P00AA00 0
072 Q00AA00 66
072 R00AA00 24
<PAGE> PAGE 4
072 S00AA00 25
072 T00AA00 255
072 U00AA00 9
072 V00AA00 0
072 W00AA00 13
072 X00AA00 856
072 Y00AA00 141
072 Z00AA00 5692
072AA00AA00 0
072BB00AA00 2533
072CC01AA00 0
072CC02AA00 6949
072DD01AA00 6015
072DD02AA00 0
072EE00AA00 0
073 A01AA00 0.6000
073 A02AA00 0.0000
073 B00AA00 0.0000
073 C00AA00 0.0000
074 A00AA00 0
074 B00AA00 6202
074 C00AA00 0
074 D00AA00 71974
074 E00AA00 0
074 F00AA00 0
074 G00AA00 0
074 H00AA00 0
074 I00AA00 0
074 J00AA00 0
074 K00AA00 1063
074 L00AA00 1057
074 M00AA00 22
074 N00AA00 80318
074 O00AA00 958
074 P00AA00 67
074 Q00AA00 0
074 R01AA00 0
074 R02AA00 0
074 R03AA00 0
074 R04AA00 504
074 S00AA00 0
074 T00AA00 78789
074 U01AA00 8194190
074 U02AA00 0
074 V01AA00 9.62
074 V02AA00 0.00
074 W00AA00 0.0000
074 X00AA00 1600
074 Y00AA00 0
075 A00AA00 0
075 B00AA00 102167
<PAGE> PAGE 5
076 00AA00 0.00
077 A000000 Y
077 B000000 Y
077 Q010000 Y
078 000000 N
080 A00AA00 ICI MUTUAL INSURANCE COMPANY
080 C00AA00 9000
081 A00AA00 Y
081 B00AA00 13
082 A00AA00 Y
082 B00AA00 100
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 Y
085 B00AA00 N
SIGNATURE EDWARD J. VEILLEUX
TITLE VICE PRESIDENT
