<PAGE> PAGE 1
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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 JULIAN SLUYTERS
TITLE SENIOR VICE PRESIDET
<TABLE> <S> <C>
<ARTICLE> 6
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> MAR-31-1995
<PERIOD-END> NOV-28-1995
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<INVESTMENTS-AT-VALUE> 53490
<RECEIVABLES> 46136
<ASSETS-OTHER> 118
<OTHER-ITEMS-ASSETS> 101
<TOTAL-ASSETS> 99845
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<OTHER-ITEMS-LIABILITIES> 248
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<SENIOR-EQUITY> 30000
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<SHARES-COMMON-STOCK> 4496667
<SHARES-COMMON-PRIOR> 4496667
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (14)
<ACCUMULATED-NET-GAINS> (173)
<OVERDISTRIBUTION-GAINS> 0
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<NET-ASSETS> 82812
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 3065
<OTHER-INCOME> 0
<EXPENSES-NET> 600
<NET-INVESTMENT-INCOME> 2465
<REALIZED-GAINS-CURRENT> (13753)
<APPREC-INCREASE-CURRENT> 5467
<NET-CHANGE-FROM-OPS> 7932
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2520)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 5412
<ACCUMULATED-NII-PRIOR> 21
<ACCUMULATED-GAINS-PRIOR> (173)
<OVERDISTRIB-NII-PRIOR> 0
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<GROSS-ADVISORY-FEES> 478
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 600
<AVERAGE-NET-ASSETS> 90197
<PER-SHARE-NAV-BEGIN> 13.6
<PER-SHARE-NII> 0.55
<PER-SHARE-GAIN-APPREC> (1.85)
<PER-SHARE-DIVIDEND> (0.56)
<PER-SHARE-DISTRIBUTIONS> 0
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<PER-SHARE-NAV-END> 11.74
<EXPENSE-RATIO> 1.01
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
PAINEWEBBER PREMIER INTERMEDIATE TAX-FREE INCOME FUND INC.
EXHIBIT TO FORM N-SAR ITEM 77M
FOR THE SIX-MONTH PERIOD ENDED MARCH 31, 1995
On November 10, 1994, the shareholders of PaineWebber Premier
Intermediate Tax-Free Income Fund Inc. ('Intermediate Fund') approved an
Agreement and Plan of Reorganization and Liquidation ('Reorganization')
between Intermediate Fund and PaineWebber Premier Insured Municipal
Income Fund Inc. ('Insured Fund'), pursuant to which Insured Fund
acquired the assets of Intermediate Fund in exchange for newly issued
shares of Common Stock of Insured Fund and Auction Preferred Shares,
Series D of Insured Fund, and assumed all of the liabilities of
Intermediate Fund. Intermediate Fund distributed to its stockholders pro
rata by class the shares of the Insured Fund received. Intermediate Fund
currently has no assets or shareholders.
PAINEWEBBER PREMIER INTERMEDIATE TAX-FREE INCOME FUND INC.
STATE OF NEW YORK )
)ss:
COUNTY OF NEW YORK )
Certificate of Inspectors of Election
The undersigned, John Collins, Vice President of Shareholder
Communications Corp., and Giovanni A. Urena, the duly appointed
Inspectors of Election at the Annual Meeting of Shareholders of
PaineWebber Premier Intermediate Tax-Free Income Fund Inc.
('Intermediate Fund') held on November 10, 1994,
DO HEREBY CERTIFY that there are present in person or represented
by proxy 3,038,444 shares of common stock of the Fund and 320 shares of
the Auction Preferred Shares ('APS') of the Fund. Such shares represent
60.45% of the outstanding shares of the Fund entitled to vote at this
meeting, including a quorum of the Fund's APS with respect to the
election of the two directors to be elected by the APS, and constitute a
quorum for the conduct of business at this meeting. The following shares
were voted for the proposal indicated below:
PROPOSAL 1
ALL SHARES VOTING AS A SINGLE CLASS
Shares For
as a %
Shares of Total Shares
Voted Shares Withhold
For Voted Authority
----- -------- ---------
To vote for or against
the Agreement and Plan of
Reorganization and
Liquidation between PaineWebber
Premier Insured Municipal Income
Fund and Intermediate Fund........ 2,511,678 91.32% 70,066
IN WITNESS WHEREOF, we have set our hands this 10th day of
November, 1994.
/s/ John Collins
-----------------------
JOHN COLLINS
VICE PRESIDENT
SHAREHOLDER
COMMUNICATIONS CORP.
/s/ Giovanni A. Urena
-----------------------
GIOVANNI A. URENA
Sworn to before me this 10th
day of November, 1994.
/s/ Jennifer Farrell
- -----------------------
Notary Public
JENNIFER FARRELL
Notary Public, State of New York
No. 01FA5026553
Qualified in New York County
Commission Expires April 18, 1996
