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Colonial Closed-End Funds Issue Their Annual Reports

Colonial California Insured Municipal Fund (Amex: CCA) Colonial High Income Municipal Trust (NYSE: CXE) Colonial Insured Municipal Fund (Amex: CFX) Colonial Intermarket Income Trust I (NYSE: CMK) Colonial Intermediate High Income Fund (NYSE: CIF) Colonial

Thursday, February 8, 2007 8:07 am EST

Dateline:

BOSTON

Public Company Information:

NYSE:
BAC

Colonial California Insured Municipal Fund, Colonial High Income Municipal Trust, Colonial Insured Municipal Fund, Colonial Intermarket Income Trust I, Colonial Intermediate High Income Fund, Colonial Investment Grade Municipal Trust and Colonial Municipal Income Trust (the Funds) have each filed their annual reports for the fiscal year ended November 30, 2006 with the Securities and Exchange Commission on Form N-CSR. Each Fund's annual report includes the Fund's complete audited financial statements.

The reports and other information regarding the Funds are available at http://www.columbiamanagement.com/ColonialFunds/Home.htm. Shareholders may request, free of charge, a hard copy of a Fund's annual report by writing to the Fund c/o Columbia Management, Attention: Audited Financial Statement Request at One Financial Center, Boston, Massachusetts 02111-2621, or by calling 1-800-426-3750.

Shareholder reports are transmitted to Fund shareholders for their information. They are not prospectuses or other documents intended for the sale of Fund shares.

Contact:

Bank of America
Jon Goldstein, +1-617-434-7392,
jon.goldstein@bankofamerica.com