SECURITIES AND EXCHANGE COMMISSION

                     Washington, D.C.  20549


                            FORM 8-A


       FOR REGISTRATION OF CERTAIN CLASSES OF SECURITIES
PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT
OF 1934




        INTERCAPITAL INSURED CALIFORNIA MUNICIPAL SECURITIES      
       (Exact name of registrant as specified in its charter)


  
Massachusetts                            Pending                
(State or other              (IRS Employer Identification No.)
jurisdiction of
incorporation or
organization)


Two World Trade Center
New York, New York                                     10048    
(Address of principal                                (Zip Code)
executive offices)


                       (212) 392-1600                 
             (Registrant's telephone number, including
              area code)

       Securities to be registered pursuant to Section 12(b) of
the Act:

Title of each class                   Name of each exchange on
to be so registered                   which each class is to be
                                      registered

Common Shares of                      New York Stock Exchange
Beneficial Interest, 
par value $.01 per share

       Securities to be registered pursuant to Section 12 (g) of
the Act:

       None

0018B/7724B/37

Item 1.  Description of Registrant's Securities to be Registered.

         The securities to be registered hereunder are Common
Shares
of Beneficial Interest, $.01 par value per share (the "Shares") of
InterCapital Insured California Municipal Securities (the
"Registrant").  The section captioned "Description of Shares"
("General" and "Common Shares") in the Registrant's preliminary
prospectus dated October 19, 1993, forming a part of the
Registrant's initial Registration Statement on Form N-2 (File No.
33-50713), is incorporated herein by reference.

Item 2.  Exhibits.

   (a) The following exhibits were filed with the Commission and
       incorporated herein by reference:

       (1)  Initial Registration Statement of the Registrant dated
            October 19, 1993.
                   
   (b) The following exhibits are to be filed with the New York
       Stock Exchange only:

       (1)  Initial Registration Statement on Form N-2. 
       (2)  Declaration of Trust of the Registrant, as amended.
       (3)  By-Laws of the Registrant, as amended.
       (4)  Specimen certificate for the Registrant's Common Shares
            of Beneficial Interest, par value $.01 per share.


                             SIGNATURE


       Pursuant to the requirements of Section 12 of the Securities
Exchange Act of 1934, as amended, the Registrant has duly caused
this amended registration statement to be signed on its behalf by
the undersigned, thereunto duly authorized.

              INTERCAPITAL INSURED CALIFORNIA MUNICIPAL SECURITIES


              By:/s/      Sheldon Curtis
                          Sheldon Curtis
                          Vice President


Dated:  January 25, 1994