- Initial Statement of Beneficial Ownership (3)

FORM 3	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES	OMB APPROVAL OMB Number: 3235-0104 Expires: February 28, 2011 Estimated average burden hours per response... 0.5
	Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

1. Name and Address of Reporting Person ^*

GOLDSTEIN PHILLIP

2. Date of Event Requiring Statement (MM/DD/YYYY) 8/12/2009

3. Issuer Name and Ticker or Trading Symbol

INSURED MUNICIPAL INCOME FUND INC [PIF]

(Last) (First) (Middle)

60 HERITAGE DRIVE

4. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)

(Street)

PLEASANTVILLE, NY 10570

(City) (State) (Zip)

5. If Amendment, Date Original Filed (MM/DD/YYYY)

6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	62626	D
Common Stock	98809	I	See footnotes ⁽¹⁾ ⁽²⁾

*Table II - Derivative Securities Beneficially Owned ( e.g.* , puts, calls, warrants, options, convertible securities)**
1. Title of Derivate Security (Instr. 4)	2. Date Exercisable and Expiration Date (MM/DD/YYYY)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivate Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security		6. Nature of Indirect Beneficial Ownership (Instr. 5)

Explanation of Responses:
( 1)	The reported securities are owned by Opportunity Partners Limited Partnership, a limited partnership; Full Value Partners L.P., a limited partnership; Full Value Special Situations Fund L.P., a limited partnership; Opportunity Income Plus L.P., a limited partnership; Full Value Offshore Partners L.P. , a limited partnership; and MCM Opportunity Partners L.P., a limited partnership. The Reporting Person is a limited partner of Opportunity Partners Limited Partnership and a Managing Member of Kimball & Winthrop, Inc., the general partner of Opportunity Partners Limited Partnership, which has sole voting and dispositive power. The Reporting person is a limited partner of Full Value Partners L.P. and a Managing Member of Full Value Advisors LLC, the general partner of Full Value Partners L.P., Full Value Offshore Partners L.P. and MCM Opportunity Partners L.P., which has sole voting and dispositive power.
( 2)	The Reporting Person is a limited partner of Full Value Special Situations Fund L.P. and a Managing Member of Full Value Special Situations Fund GP LLC, the general partner of Full Value Special Situations Fund L.P., which has sole voting and dispositive power. The Reporting Person is a limited parner of Opportunity Income Plus L.P. and a Managing Member of Spar Advisors LLC, the general partner of Opportunity Income Plus L.P., which has sole voting and dispositive power. The Reporting Person disclaims beneficial ownership of the securities owned by Opportunity Partners Limited Partnership, Full Value Partners L.P., Full Value Special Situations Fund L.P., Opportunity Income Plus L.P., Full Value Offshore Partners L.P. and MCM Opportunity Partners L.P., except to the extent of his pecuniary interest therein.

Reporting Owners
Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
GOLDSTEIN PHILLIP 60 HERITAGE DRIVE PLEASANTVILLE, NY 10570	X

Signatures
/s/ Phillip Goldstein		9/14/2009
^** Signature of Reporting Person		Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*	If the form is filed by more than one reporting person, see Instruction 5(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note:	File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.