FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES 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

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(Print or Type Responses)

1. Name and Address of Reporting Person *   Dakos Andrew 2. Date of Event Requiring Statement (Month/Day/Year) 08/12/2009 3. Issuer Name and Ticker or Trading Symbol INSURED MUNICIPAL INCOME FUND INC [PIF] (Last) (First) (Middle) PARK 80 WEST-PLAZA TWO, SUITE 750 4. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) 5. If Amendment, Date Original Filed(Month/Day/Year) (Street) SADDLE BROOK, NJ 07663 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) 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 49,931 I See footnotes (1) (2)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		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)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Dakos Andrew PARK 80 WEST-PLAZA TWO SUITE 750 SADDLE BROOK, NJ 07663	  X	Â	Â	Â

Signatures

/s/ Andrew Dakos		09/14/2009
**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(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 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 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.

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