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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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<SEC-DOCUMENT>0001388269-09-000013.txt : 20090817
<SEC-HEADER>0001388269-09-000013.hdr.sgml : 20090817
<ACCEPTANCE-DATETIME>20090817145127
ACCESSION NUMBER:		0001388269-09-000013
CONFORMED SUBMISSION TYPE:	3/A
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20090427
FILED AS OF DATE:		20090817
DATE AS OF CHANGE:		20090817

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			INSURED MUNICIPAL INCOME FUND INC
		CENTRAL INDEX KEY:			0000897802
		STANDARD INDUSTRIAL CLASSIFICATION:	UNKNOWN SIC - 0000 [0000]
		IRS NUMBER:				133702911
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			0331

	BUSINESS ADDRESS:	
		STREET 1:		C/O UBS GLOBAL ASSET MANAGEMENT (US) INC
		STREET 2:		51 WEST 52ND ST.
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
		BUSINESS PHONE:		212 882 5575

	MAIL ADDRESS:	
		STREET 1:		C/O UBS GLOBAL ASSET MANAGEMENT (US) INC
		STREET 2:		51 WEST 52ND ST.
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PAINEWEBBER PREMIER INSURED MUNICIPAL INCOME FUND INC
		DATE OF NAME CHANGE:	19930714

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Full Value Advisors LLC
		CENTRAL INDEX KEY:			0001388269

	FILING VALUES:
		FORM TYPE:		3/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-07528
		FILM NUMBER:		091018954

	BUSINESS ADDRESS:	
		STREET 1:		PARK 80 WEST, PLAZA TWO
		STREET 2:		SUITE C04
		CITY:			SADDLE BROOK
		STATE:			NJ
		ZIP:			07663
		BUSINESS PHONE:		2015560092

	MAIL ADDRESS:	
		STREET 1:		PARK 80 WEST, PLAZA TWO
		STREET 2:		SUITE C04
		CITY:			SADDLE BROOK
		STATE:			NJ
		ZIP:			07663
</SEC-HEADER>
<DOCUMENT>
<TYPE>3/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0203</schemaVersion>

    <documentType>3/A</documentType>

    <periodOfReport>2009-04-27</periodOfReport>

    <dateOfOriginalSubmission>2009-05-29</dateOfOriginalSubmission>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0000897802</issuerCik>
        <issuerName>INSURED MUNICIPAL INCOME FUND INC</issuerName>
        <issuerTradingSymbol>PIF</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001388269</rptOwnerCik>
            <rptOwnerName>Full Value Advisors LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>PARK 80 WEST, PLAZA TWO</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 750</rptOwnerStreet2>
            <rptOwnerCity>SADDLE BROOK</rptOwnerCity>
            <rptOwnerState>NJ</rptOwnerState>
            <rptOwnerZipCode>07663</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>2124913</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>see footnote</value>
                    <footnoteId id="F1"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">We are rescinding this Form 3 which was originally filed by Full Value Advisors as the incorrect reporting person, and with the incorrect number of shares reported in box 2 of table I.
A new corrected Form 3 filing under Bulldog Investors will be submitted contemporaneously with this filing, which supersedes any prior Form 3 filings.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Phillip Goldstein</signatureName>
        <signatureDate>2009-08-17</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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