COLONIAL MUNICIPAL INITIAL OFFERING STARTS
Colonial Municipal Income Trust
said an initial public offering of 26 mln shares is under way
at 10 dlrs each through underwriters led by Morgan Keegan Inc
<MOR>, Bateman Eichler, Hill Richards Inc and Piper, Jaffray
and Hopwood Inc.
    Underwriters have been granted an option to purchase up to
3,900,000 more shares to cover overallotments.
 Reuter
