<PAGE> PAGE 1
000 B000000 10/31/96
000 C000000 0000876982
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 INTERCAPITAL QUALITY MUNICIPAL INVESTMENT TRU
001 B000000 811-6346
001 C000000 2123921600
002 A000000 2 WORLD TRADE CENTER
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10048
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 DEAN WITTER INTERCAPITAL INC.
008 B000001 A
008 C000001 801-42061
008 D010001 NEW YORK
008 D020001 NY
008 D030001 10048
010 A000001 DELETE
012 A000001 DEAN WITTER TRUST COMPANY
012 B000001 84-1785
012 C010001 JERSEY CITY
012 C020001 NJ
012 C030001 07311
013 A000001 PRICE WATERHOUSE LLP
013 B010001 NEW YORK
013 B020001 NY
013 B030001 10036
014 A000001 DEAN WITTER REYNOLDS INC.
014 B000001 8-14172
015 A000001 THE BANK OF NEW YORK
<PAGE> PAGE 2
015 B000001 C
015 C010001 NEW YORK
015 C020001 NY
015 C030001 10286
015 E010001 X
018 000000 Y
019 A000000 Y
019 B000000 122
019 C000000 DEANWITTER
020 A000001 DONALDSON, LUFKIN & JENRETTE SECURITIES
020 B000001 13-2741729
020 C000001 2
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 2
022 A000001 MORGAN STANLEY & CO. INC.
022 B000001 13-2655998
022 C000001 17300
022 D000001 17300
022 A000002 MERRILL LYNCH,PIERCE,FENNER & SMITH INC.
022 B000002 13-5674085
022 C000002 12500
022 D000002 13675
022 A000003 LEHMAN BROTHERS INC.
022 B000003 13-2518466
022 C000003 8670
022 D000003 0
022 A000004 MORGAN (JP) SECURITIES INC.
022 B000004 13-3224016
022 C000004 4927
022 D000004 7846
022 A000005 WHEAT FIRST BUTCHER SINGER INC.
022 B000005 54-0796506
022 C000005 0
022 D000005 5618
022 A000006 STONE & YOUNGBERG
022 B000006 94-1052545
022 C000006 4755
022 D000006 1716
022 A000007 BEAR STEARNS & CO. INC.
022 B000007 13-3299949
022 C000007 3933
022 D000007 0
022 A000008 RAYMOND JAMES & ASSOCIATES,INC.
<PAGE> PAGE 3
022 B000008 59-1237041
022 C000008 0
022 D000008 3553
022 A000009 SMITH BARNEY SHEARSON INC.
022 B000009 13-1912900
022 C000009 3200
022 D000009 3200
022 A000010 GOLDMAN SACHS & CO.
022 B000010 13-5108880
022 C000010 2000
022 D000010 897
023 C000000 60321
023 D000000 63646
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 N
026 B000000 Y
026 C000000 N
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
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<PAGE> PAGE 4
028 E040000 0
028 F010000 0
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047 000000 Y
048 000000 0.350
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048 I010000 0
<PAGE> PAGE 5
048 I020000 0.000
048 J010000 0
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049 000000 N
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<PAGE> PAGE 6
062 R000000 0.0
063 A000000 0
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070 I020000 N
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070 J020000 N
070 K010000 Y
070 K020000 N
070 L010000 N
070 L020000 N
070 M010000 N
070 M020000 N
070 N010000 Y
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072 A000000 12
<PAGE> PAGE 7
072 B000000 23912
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<PAGE> PAGE 8
074 P000000 142
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074 R040000 122
074 S000000 105000
074 T000000 275488
074 U010000 18152
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074 V010000 15.18
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076 000000 14.62
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077 Q010000 Y
077 Q020000 N
077 Q030000 N
078 000000 N
080 A000000 ICI MUTUAL INSURANCE CO.
080 B000000 GULF CHUBB VIGILANT RELIANCE
080 C000000 110000
081 A000000 Y
081 B000000 121
082 A000000 N
082 B000000 0
083 A000000 N
083 B000000 0
084 A000000 N
084 B000000 0
085 A000000 Y
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<PAGE> PAGE 9
086 A010000 0
086 A020000 0
086 B010000 61
086 B020000 880
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
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087 A020000 45844F101
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088 D000000 Y
SIGNATURE SHELDON CURTIS
TITLE VP & GENERAL COUNSEL
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
ANNUAL FINANCIAL STATEMENT FOR INTERCAPITAL QUALITY
MUNICIPAL INVESTMENT TRUST 10-31-96
</LEGEND>
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-END> OCT-31-1996
<INVESTMENTS-AT-COST> 351,874,584
<INVESTMENTS-AT-VALUE> 373,318,929
<RECEIVABLES> 7,412,836
<ASSETS-OTHER> 20,689
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 380,752,454
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 264,480
<TOTAL-LIABILITIES> 264,480
<SENIOR-EQUITY> 105,000,000
<PAID-IN-CAPITAL-COMMON> 252,483,710
<SHARES-COMMON-STOCK> 18,151,913
<SHARES-COMMON-PRIOR> 18,212,813
<ACCUMULATED-NII-CURRENT> 595,556
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 964,363
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 21,444,345
<NET-ASSETS> 380,487,974
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 23,911,556
<OTHER-INCOME> 0
<EXPENSES-NET> 1,961,359
<NET-INVESTMENT-INCOME> 21,950,197
<REALIZED-GAINS-CURRENT> 964,359
<APPREC-INCREASE-CURRENT> 38,946
<NET-CHANGE-FROM-OPS> 22,953,502
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (22,492,829)
<DISTRIBUTIONS-OF-GAINS> (3,012,944)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> (879,600)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (3,431,871)
<ACCUMULATED-NII-PRIOR> 1,138,188
<ACCUMULATED-GAINS-PRIOR> 3,012,948
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,333,150
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,978,386
<AVERAGE-NET-ASSETS> 273,818,692
<PER-SHARE-NAV-BEGIN> 15.31
<PER-SHARE-NII> 1.21
<PER-SHARE-GAIN-APPREC> 0.06
<PER-SHARE-DIVIDEND> (1.24)
<PER-SHARE-DISTRIBUTIONS> (0.16)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.18
<EXPENSE-RATIO> 0.72
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
