IN THIS PAPER, WE DEFINE A SOLUTION SET FOR THE INTERVAL Matrix equation AXB=C, WHERE A AND B ARE THE KNOWN SQUARE INTERVAL MATRICES OF DIMENSIONS M ´ M AND N´N, RESPECTIVELY, C IS A RECTANGULAR INTERVAL Matrix OF DIMENSION M ´ N AND THE UNKNOWN Matrix X IS ALSO OF DIMENSION M´N. AFTERWARDS, SOME CONDITIONS BOUNDING THE SOLUTION SET WILL BE STUDIED. WE ALSO PRESENT A NUMBER OF METHODS FOR SOLVING THE AFOREMENTIONED INTERVAL Matrix equation. FINALLY, WE SHOW THAT WHENEVER A AND B ARE INVERSE POSITIVE, HULL OF SOLUTION SET CAN BE DESCRIBED EXPLICITLY.