OMB APPROVAL
UNITED STATES OMB Number: 3235-0230
SECURITIES AND EXCHANGE COMMISSION Expires: April 30, 1994
Washington, D.C. 20549 Estimated average burden
hours per form .....1.00
FORM N-23C-1
STATEMENT BY REGISTERED CLOSED-END
INVESTMENT COMPANY WITH RESPECT TO PURCHASES OF ITS OWN
SECURITIES PURSUANT TO RULE N-23C-1 DURING THE LAST CALENDAR MONTH
(See rules and instructions on back of this form. If acknowledgment is desired,
file this form with the Commission in triplicate.)
REPORT FOR CALENDAR MONTH ENDING November 30, 1994
InterCapital Quality Municipal Securities
(Name of registered closed-end investment company)
Approximate
Asset
Value or
Approximate
Asset
Coverage
Date of Per
Each Ident- Number of Price Share at Name of Seller
Trans- ification Shares Per Time of or of
action of Security Purchased Share Purchase Seller's Broker
11/1/94 Auction Rate 200 $50,000 $10,000,000 Merrill, Lynch
Preferred Shares
Series 2
11/2/94 Auction Rate 88 $50,000 $ 4,400,000 Merrill, Lynch
Preferred Shares
Series 3
11/7/94 Auction Rate 16 $50,000 $ 800,000 Merrill, Lynch
Preferred Shares
Series 1
11/9/94 Auction Rate 11 $50,000 $ 550,000 Merrill, Lynch
Preferred Shares
Series 3
11/14/94 Auction Rate 17 $50,000 $ 850,000 Merrill, Lynch
Preferred Shares
Series 1
11/14/94 Auction Rate 300 $50,000 $15,000,000 Merrill, Lynch
Preferred Shares
Series 5
InterCapital Insured Municipal Income Trust
(Cont'd)
Approximate
Asset
Value or
Approximate
Asset
Coverage
Date of Per
Each Ident- Number of Price Share at Name of Seller
Trans- ification Shares Per Time of or of
action of Security Purchased Share Purchase Seller's Broker
11/15/94 Auction Rate 94 $50,000 $ 4,700,000 Merrill, Lynch
Preferred Shares
Series 2
11/16/94 Auction Rate 1 $50,000 $ 50,000 Merrill, Lynch
Preferred Shares
Series 3
11/21/94 Auction Rate 10 $50,000 $ 500,000 Merrill, Lynch
Preferred Shares
Series 1
11/22/94 Auction Rate 6 $50,000 $ 300,000 Merrill, Lynch
Preferred Shares
Series 2
11/28/94 Auction Rate 10 $50,000 $ 500,000 Merrill, Lynch
Preferred Shares
Series 1
REMARKS: InterCapital Quality Municipal Securities
Name of Registrant
By /s/ Sheldon Curtis
(Name)
Date of Sheldon Curtis
Statement: December 12, 1994 Vice President & General Counsel
(Title)
