24F-2NT

                            Rule 24f-2 Notice

                   FORTRESS MUNCIPAL INCOME FUND, INC.

                               (Fund Name)


                        Federated Investors Tower
                   Pittsburgh, Pennsylvania 15222-3779

                          1933 Act No. 33-11410


(i) fiscal period for which notice is filed August 31, 1995

    The number or amount of securities of the
    same class or series, if any, which had
    been registered under the Securities Act
    of 1933, other than pursuant to Rule 24f-2
    but which remained unsold at September 1,
    1994, the beginning of the Registrant's
    fiscal period                       -0-

                                      The number or amount of securities, if
    any, registered during the fiscal period
    of this notice other than pursuant to
    Rule 24f-2                          -0-          -0-

    The number or amount of securities
    sold during the fiscal period of this
    notice                                        3,617,186

    The number or amount of securities sold
    during the fiscal period of this notice
    in reliance upon registration pursuant
    to Rule 24f-2 (see attached Computation
    of Fee)                                       3,617,186






                            By:  /s/Charles H. Field
                               Charles H. Field
                               Assistant Secretary



                            COMPUTATION OF FEE


Actual aggregate sale price of Registrant's
securities sold pursuant to Rule 24f-2 during
the fiscal period for which the 24f-2 notice
is filed (see Section v) ...................    $37,440,198

Reduced by the difference between:

(a) actual aggregate redemption price
    of such securities redeemed by the
    issuer during the fiscal period for
    which the 24f-2 notice is filed         $99,595,322
(b) actual aggregate redemption price
    of such redeemed securities
    previously applied by the issuer
    pursuant to Section 24e(2)(a) for
    the fiscal period for which the
    24f-2 notice is filed          -0-          $ 99,595,322


                                                     $(62,155,124)

   FEE SUBMITTED (1/29 of 1% of Total amount)        $    -0-





                     CONVERSION OF NET REDEMPTIONS ON
                       RULE 24f-2 NOTICE TO FILING
                             UNDER RULE 24e-2



                                      6(b) of the Securities Act of 1933 is

                                    24e-2:


                                      9,728,597
                                      3,617,186

   Rule 24e-2                         6,111,411(a)

                                    $   10.83 (b)


         24e-2 by the fund's current

EX-99.OPINIONLETTER

   FEDERATED ADMINISTRATIVE
             SERVICES

                                          FEDERATED INVESTORS TOWER
                                          PITTSBURGH, PA 15222-3779
                                          412-288-1900

                                          October 16, 1995


Fortress Municipal Income Fund, Inc.
Federated Investors Tower
Pittsburgh, PA  15222-3779

Gentlemen:

     You have requested my opinion for use in conjunction with a Rule 24f-2
Notice for Fortress Municipal Income Fund, Inc. ("Corporation") to be filed in
respect of shares of the Corporation ("Shares") sold for the fiscal year ended
August 30, 1995, pursuant to the Corporation's registration statement filed with
the Securities and Exchange Commission ("SEC") under the Securities Act of 1933
(File No.33-11410) ("Registration Statement").

     In its Registration Statement, the Corporation elected to register an
indefinite number of shares pursuant to the provisions of Investment Company Act
Rule 24f-2.

     As counsel I have participated in the preparation and filing of the
Corporation's amended Registration Statement under the Securities Act of 1933.
Further, I have examined and am familiar with the provisions of the Articles of
Incorporation dated December 2, 1986, the Bylaws of the Corporation and such
other documents and records deemed relevant. I have also reviewed questions of
law and consulted with counsel thereon as deemed necessary or appropriate by me
for the purposes of this opinion.

     On the basis of the foregoing, it is my opinion the Shares sold for the
fiscal year ended August 30, 1995, registration of which the Rule 24f-2 Notice
makes definite in number, were legally issued, fully paid and non-assessable by
the Corporation.

     I hereby consent to the filing of this opinion as an exhibit to the Rule
24f-2 Notice referred to above, the Registration Statement of the Corporation
and to any application or registration statement filed under the securities laws
of any of the States of the United States.

     The foregoing opinion is limited to the Federal laws of the United States
and the laws of the State of Maryland, and I am expressing no  opinion as to the
effect of the laws of any other jurisdiction.


                                   Very truly yours,

                                   /s/ Charles H. Field
                                   Charles H. Field