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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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SIGNATURE SHELDON CURTIS
TITLE VP & GENERAL COUNSEL
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
INTERCAPITAL INSURED MUNICIPAL INCOME TRUST -- SEMI-ANNUAL (04/30/95)
</LEGEND>
<CIK> 0000885601
<NAME> INTERCAPITAL INSURED MUNICIPAL INCOME TRUST
<S> <C>
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</TABLE>
