POWER OF ATTORNEY


The undersigned, being a person required to file a statement
under Section 16(a) of the Securities Exchange Act of 1934
(the "1934 Act") and/or Section 30(h) of the Investment Company
Act of 1940 (the "1940 Act") with respect to Insured Municipal
Income Fund Inc. (PIF) and Investment Grade Municipal Income Fund
Inc. (PPM) (each a "Fund"), does hereby authorize, designate and
appoint Amy R. Doberman, David M. Goldenberg and Keith A. Weller,
and each of them, as his attorney-in-fact to execute and file
statements on Form 3, Form 4, Form 5 and any successor forms
adopted by the Securities and Exchange Commission, as required by
the 1934 Act and the 1940 Act and the rules thereunder, and to take
such other actions as such attorney-in-fact may deem necessary or
appropriate in connection with such statements, hereby confirming
and ratifying all actions that such attorney-in-fact has taken or
may take in reliance hereon.  This power of attorney shall continue
in effect until the undersigned no longer has an obligation to file
statements under the sections cited above, or until specifically
terminated in writing by the undersigned.

IN WITNESS WHEREOF, the undersigned has duly executed this power of
attorney on the 12th day of May, 2004.




/s/ William Veronda
William Veronda



Expiration date:  May, 2007