X0203 3 2009-06-30 0 0000898496 MORGAN STANLEY QUALITY MUNICIPAL SECURITIES IQM 0000070858 BANK OF AMERICA CORP /DE/ BANK OF AMERICA CORPORATE CENTER 100 N TRYON ST CHARLOTTE NC 28255 0 0 1 0 Auction Rate Preferred 797 I By Subsidiary The Auction Rate Preferred Shares ("Shares") reported in Table 1 represent 783 Shares beneficially owned by Merrill Lynch, Pierce, Fenner & Smith, Inc ("MLPFS") and 14 Shares beneficially owned by Bank of America, N.A. ("BANA"). MLPFS and BANA are each indirect, wholly owned subsidiaries of Bank of America Corporation ("Bank of America"). The Shares reported herein represent Bank of America's combined holdings in multiple series of auction rate preferred securities of the issuer, which are treated herein as one class of securities in accordance with the Auction Rate Securities-Global Exemptive Relief no-action letter issued by the Securities and Exchange Commissiion (SEC) on September 22, 2008. Bank of America undertakes to provide upon request by the SEC, the issuer or a security holder of the issuer, complete information regarding the number of equity securities of the issuer purchased or sold at each different price and date of all transactions in such securities that occurred after Bank of America became a 10% owner but prior to the date of this filing. Debra I. Cho, Senior Vice President, Bank of America Corporation 2009-07-10 Adam Strouse, Attorney-In-Fact, Merrill Lynch, Pierce, Fenner & Smith, Inc. 2009-07-10