<PAGE> PAGE 1
000 B000000 12/31/96
000 C000000 1010921
000 D000000 N
000 E000000 NF
000 F000000 Y
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 VKAC FOREIGN SECURITIES FUND
001 B000000 811-07571
001 C000000 6306846000
002 A000000 One Parkview Plaza
002 B000000 Oakbrook Terrace
002 C000000 IL
002 D010000 60181
003 000000 Y
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 C010100 1
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A000001 VKAC INVESTMENT ADVISORY CORP.
008 B000001 A
008 C000001 801-8286
008 D010001 OAKBROOK TERRACE
008 D020001 IL
008 D030001 60181
011 A000001 VAN KAMPEN AMERICAN CAPITAL DISTRIBUTORS, INC
011 B000001 8-19903
011 C010001 OAKBROOK TERRACE
011 C020001 IL
011 C030001 60181
012 A000001 ACCESS INVESTORS SERVICE, INC.
012 B000001 84-01621
012 C010001 KANSAS CITY
012 C020001 MO
012 C030001 64141
012 C040001 9256
013 A000001 KPMG PEAT MARWICK LLP
013 B010001 CHICAGO
013 B020001 IL
013 B030001 60601
<PAGE> PAGE 2
014 A000001 MORGAN STANLEY & CO., INCORPORATED
014 B000001 8-
018 000000 N
019 A000000 Y
019 B000000 114
019 C000000 VANKAMPENA
020 A000001 SALOMON BROTHERS
020 B000001 13-3082694
020 C000001 118
020 A000002 GOLDMAN SACHS
020 B000002 13-5108880
020 C000002 36
021 000000 154
022 A000001 LEHMAN BROTHERS
022 B000001 13-2518466
022 C000001 100780
022 D000001 0
022 A000002 SWISS BANK CORP. INTERNATIONAL SECURITIES
022 B000002 31-2639550
022 C000002 90495
022 D000002 0
022 A000003 SALOMON BROTHERS
022 B000003 13-3082694
022 C000003 48955
022 D000003 31345
022 A000004 PRUDENTIAL SECURITIES
022 B000004 22-2347336
022 C000004 64637
022 D000004 1985
022 A000005 STATE STREET BANK & TRUST
022 B000005 04-1867445
022 C000005 62510
022 D000005 0
022 A000006 DONALDSON LUFKIN JENNRETTE
022 B000006 13-2741729
022 C000006 61255
022 D000006 0
022 A000007 BA SECURITIES
022 B000007 95-4035346
022 C000007 60490
022 D000007 0
022 A000008 GOLDMAN SACHS
022 B000008 13-5108880
022 C000008 30148
022 D000008 19742
023 C000000 519270
023 D000000 53072
024 000000 Y
025 A000001 BA SECURITIES
025 B000001 94-4035346
025 C000001 D
<PAGE> PAGE 3
025 D000001 6565
026 A000000 Y
026 B000000 Y
026 C000000 Y
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
028 A010000 53500
028 A020000 0
028 A030000 0
028 A040000 0
028 B010000 27000
028 B020000 0
028 B030000 0
028 B040000 0
028 C010000 0
028 C020000 0
028 C030000 0
028 C040000 0
028 D010000 0
028 D020000 0
028 D030000 0
028 D040000 0
028 E010000 0
028 E020000 0
028 E030000 0
028 E040000 0
028 F010000 0
028 F020000 313
028 F030000 0
028 F040000 41000
028 G010000 80500
028 G020000 313
028 G030000 0
028 G040000 41000
028 H000000 0
029 000000 N
045 000000 Y
046 000000 N
047 000000 N
049 000000 N
050 000000 N
051 000000 N
052 000000 N
053 A000000 Y
053 B000000 N
053 C000000 N
054 A000000 Y
<PAGE> PAGE 4
054 B000000 N
054 C000000 Y
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 N
054 H000000 Y
054 I000000 N
054 J000000 Y
054 K000000 N
054 L000000 N
054 M000000 Y
054 N000000 N
054 O000000 Y
055 A000000 N
055 B000000 N
056 000000 N
057 000000 N
058 A000000 N
059 000000 Y
060 A000000 Y
060 B000000 Y
062 A000000 N
062 B000000 0.0
062 C000000 0.0
062 D000000 0.0
062 E000000 0.0
062 F000000 0.0
062 G000000 0.0
062 H000000 0.0
062 I000000 0.0
062 J000000 0.0
062 K000000 0.0
062 L000000 0.0
062 M000000 0.0
062 N000000 0.0
062 O000000 0.0
062 P000000 0.0
062 Q000000 0.0
062 R000000 0.0
066 B000000 N
066 C000000 N
066 D000000 Y
066 E000000 N
066 F000000 N
066 G000000 N
067 000000 N
068 A000000 N
068 B000000 Y
069 000000 N
070 A010000 Y
<PAGE> PAGE 5
070 A020000 Y
070 B010000 Y
070 B020000 N
070 C010000 Y
070 C020000 N
070 D010000 Y
070 D020000 N
070 E010000 Y
070 E020000 N
070 F010000 Y
070 F020000 N
070 G010000 Y
070 G020000 N
070 H010000 Y
070 H020000 N
070 I010000 Y
070 I020000 N
070 J010000 Y
070 J020000 N
070 K010000 Y
070 K020000 N
070 L010000 Y
070 L020000 Y
070 M010000 Y
070 M020000 Y
070 N010000 N
070 N020000 N
070 O010000 Y
070 O020000 N
070 P010000 N
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 Y
070 R020000 N
071 A000000 80500
071 B000000 50885
071 C000000 67400
071 D000000 76
072 A000000 12
072 B000000 105
072 C000000 312
072 D000000 0
072 E000000 0
072 F000000 0
072 G000000 0
072 H000000 0
072 I000000 0
072 J000000 107
072 K000000 0
072 L000000 0
<PAGE> PAGE 6
072 M000000 19
072 N000000 3
072 O000000 0
072 P000000 0
072 Q000000 0
072 R000000 21
072 S000000 5
072 T000000 0
072 U000000 6
072 V000000 0
072 W000000 3
072 X000000 164
072 Y000000 0
072 Z000000 253
072AA000000 2224
072BB000000 0
072CC010000 2488
072CC020000 0
072DD010000 314
072DD020000 0
072EE000000 0
073 A010000 0.065
073 A020000 0.0000
073 B000000 0.0000
073 C000000 0.0000
074 A000000 5
074 B000000 6565
074 C000000 0
074 D000000 0
074 E000000 0
074 F000000 34372
074 G000000 0
074 H000000 0
074 I000000 58
074 J000000 9626
074 K000000 0
074 L000000 79
074 M000000 58
074 N000000 50763
074 O000000 0
074 P000000 2
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 6197
074 S000000 0
074 T000000 44564
074 U010000 4285
074 U020000 0
074 V010000 10.40
<PAGE> PAGE 7
074 V020000 .00
074 W000000 0.0000
074 X000000 4
074 Y000000 0
075 A000000 0
075 B000000 71992
077 A000000 Y
077 B000000 Y
077 C000000 Y
080 A000000 ICI MUTUAL INSURANCE COMPANY
080 B000000 N/A
080 C000000 65000
081 A000000 Y
081 B000000 96
082 A000000 Y
082 B000000 100
083 A000000 N
083 B000000 0
084 A000000 N
084 B000000 0
085 A000000 Y
085 B000000 N
088 A000000 N
SIGNATURE DENNIS J MCDONNELL
TITLE PRES, CEO & TRUSTEE
<TABLE> <S> <C>
<ARTICLE> 6
<MULTIPLIER> 1
<CAPTION>
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> DEC-31-1996
<INVESTMENTS-AT-COST> 38450942
<INVESTMENTS-AT-VALUE> 40936971
<RECEIVABLES> 9704848
<ASSETS-OTHER> 58663
<OTHER-ITEMS-ASSETS> 63068
<TOTAL-ASSETS> 50763550
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 6199208
<TOTAL-LIABILITIES> 6199208
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 39900428
<SHARES-COMMON-STOCK> 4284714
<SHARES-COMMON-PRIOR> 10000
<ACCUMULATED-NII-CURRENT> (54939)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2231074
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2487779
<NET-ASSETS> 44564342
<DIVIDEND-INCOME> 311342
<INTEREST-INCOME> 105322
<OTHER-INCOME> 0
<EXPENSES-NET> (164048)
<NET-INVESTMENT-INCOME> 252616
<REALIZED-GAINS-CURRENT> 2224597
<APPREC-INCREASE-CURRENT> 2487779
<NET-CHANGE-FROM-OPS> 4964992
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (314014)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 8206435
<NUMBER-OF-SHARES-REDEEMED> (3648744)
<SHARES-REINVESTED> 30102
<NET-CHANGE-IN-ASSETS> 44564342
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 164048
<AVERAGE-NET-ASSETS> 71997705
<PER-SHARE-NAV-BEGIN> 10.000
<PER-SHARE-NII> 0.052
<PER-SHARE-GAIN-APPREC> 0.413
<PER-SHARE-DIVIDEND> (0.065)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.400
<EXPENSE-RATIO> 0.45
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
