Colonial Municipal Income Trustsaid an initial public offering of 26 mln shares is under way
at 10 dlrs each through underwriters led by Morgan Keegan Inc
&lt;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
