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Supplement dated July 6, 1998
to
Prospectuses dated August 1, 1997
as Supplemented through September 1, 1997
of
FLAG INVESTORS MARYLAND INTERMEDIATE TAX-FREE INCOME FUND, INC.
The Prospectuses dated August 1, 1997, as supplemented through
September 1, 1997, of Flag Investors Maryland Intermediate Tax-Free Income Fund,
Inc. (the "Fund") are amended and supplemented by the following:
On June 30, 1998, the Board of Directors of the Fund voted to terminate
the offering of the Fund's shares and instructed the officers of the Fund to
take all steps necessary to completely liquidate the Fund's assets and
distribute the proceeds to the Fund's shareholders. Accordingly, effective
immediately, no orders for share purchases are being accepted. Upon liquidation
of the Fund's assets (and subject to appropriate reserves for liquidation or
other expenses) shareholders who have not theretofore redeemed their shares will
receive a liquidating distribution based on the Fund's then net asset value per
share. Any income earned or gain realized during the course of the liquidation
will be proportionately allocable to shareholders as of Tuesday, July 28, 1998.
