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 14, 1998.
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