The BIGP - Karpus Group and Seligman Quality Municipal Fund (NYSE: SQF) Settle Proxy Contest

The BIGP "“ Karpus Group L.P., announced that it has reached a settlement with Seligman Quality Municipal Fund, Inc. and is sending the following letter to stockholders:

                                               The BIGP - Karpus Group
                      Park 80 West - Plaza Two, Saddle Brook, NJ 07663[phone] // Fax: [phone]//[e-mail] 23, 2006

Dear Fellow Stockholder of Seligman Quality Municipal Fund:

We are pleased to advise you that we recently entered into an
agreement with the Seligman Quality Municipal Fund, Inc. (the "Fund")
that ends our proxy contest in connection with the Fund's 2006 annual
meeting of stockholders.  As a result, we have withdrawn our nominees
and proposals, other than our open-ending proposal, which is described
in the Fund's proxy statement dated September 11, 2006.  In accordance
with the agreement, on October 19, 2006 the Fund adjourned the 2006
annual meeting until November 10, 2006.  If (1) a quorum is present at
the reconvened meeting, and (2) more votes are cast in favor of our
open-ending proposal than against it, the Fund's Board of Directors
will propose that stockholders vote to either liquidate the Fund or
open-end the Fund at a meeting expected to be held in the first
quarter of 2007.  The agreement is described more fully in the Fund's
supplemental proxy materials which have been sent to you under
separate cover.

As a result of the agreement, we will not vote any green proxy cards
we have received (or receive in the future) nor will we hold an
"Alternate Meeting."  Instead, we urge all stockholders to promptly
vote in favor of the Board's nominees, in favor of the ratification of
Deloitte & Touche LLP as the Fund's auditors, and in favor of our
open-ending proposal on the Board's white proxy card (which is
enclosed).  You may also vote on the internet or via the toll free
telephone number provided on the white proxy card.  If you have any
questions, please contact the Fund's proxy solicitor, Georgeson & Co.,
at 1-866-482-5164.

Finally, we commend the Fund's Board of Directors for acting
responsibly and in good faith to reach a settlement that is in the
best interest of the Fund and its stockholders.

                                 Very truly yours,

                                 Phillip Goldstein
                                 Bulldog Investors G.P

                                 Sharon Thornton
                                 Karpus Investment Management