SQF Seligman Quality Mun FD

Seligman Quality Municipal Fund, Inc. (NYSE: SQF) (the �Fund�) announced today that its Board of Directors has approved the suspension of payment of monthly dividends on the Fund�s Common Stock. The suspension was approved following the Board�s approval in December 2006 of a plan of complete liquidation and dissolution for the Fund. The Board of Directors has called a special meeting of stockholders to be held on February 15, 2007 to consider the proposal to liquidate the Fund. If the proposal is approved, a special dividend of tax-exempt income may be paid as part of the liquidation payments expected to be made to holders of the Fund�s Common Stock, depending on whether sufficient tax-exempt income is available after provision for the expenses of the liquidation. Seligman Quality Municipal Fund, Inc. is managed by J. & W. Seligman & Co. Incorporated, a New York-based investment manager and advisor, which was founded in 1864. You should consider the investment objectives, risks, charges, and expenses of a fund carefully before investing. You can obtain the Fund's most recent annual, semi-annual and quarterly reports by contacting your financial advisor or Seligman Services, Inc. at 800-597-6068. These reports and other information are also available on the Securities and Exchange Commission's EDGAR Database.