VAN KAMPEN FOCUS PORTFOLIOS SERIES 190
487, 1999-12-07
Previous: US UNWIRED INC, S-4, 1999-12-07
Next: ICON FUNDS, N-30D, 1999-12-07





                              MEMORANDUM OF CHANGES
                     VAN KAMPEN FOCUS PORTFOLIOS, SERIES 190

         The Prospectus filed with Amendment No. 1 of the Registration Statement
on Form S-6 has been revised to reflect information regarding the deposit of Van
Kampen Focus Portfolios, Series 190 on December 7, 1999. An effort has been made
to set forth below each of the major changes and also to reflect the same by
blacklining the marked counterparts of the Prospectus submitted with the
Amendment.

          Cover Page. The date of the Prospectus has been completed.

          Pages 2-3. "The Summary of Essential Financial Information" section
               and "Fee Table" have been completed.

          Pages 4-8. Revisions have been made and the portfolios have been
               completed.

          Pages 9-14. The descriptions of the Securities issuers have been
               completed.

          Pages 15-16. The Report of Independent Certified Public Accountants
               and Statements of Condition have been completed.





                                                              FILE NO. 333-90507
                                                                    CIK #1025521


                       SECURITIES AND EXCHANGE COMMISSION
                           Washington, D.C. 20549-1004


                                 Amendment No. 1
                                       to
                                    Form S-6

For Registration under the Securities Act of 1933 of Securities of Unit
Investment Trusts Registered on Form N-8B-2.


A.   Exact Name of Trust: VAN KAMPEN FOCUS PORTFOLIOS, SERIES 190

B.   Name of Depositor: VAN KAMPEN FUNDS INC.

C.   Complete address of Depositor's principal executive offices:

                               One Parkview Plaza
                        Oakbrook Terrace, Illinois 60181

D.   Name and complete address of agents for service:

CHAPMAN AND CUTLER            VAN KAMPEN FUNDS INC.
Attention:  Mark J. Kneedy    Attention:  A. Thomas Smith III, General Counsel
111 West Monroe Street        One Parkview Plaza
Chicago, Illinois  60603      Oakbrook Terrace, Illinois  60181


E.   Title of securities being registered: Units of proportionate interest

F.   Approximate date of proposed sale to the public:

             AS SOON AS PRACTICABLE AFTER THE EFFECTIVE DATE OF THE
                             REGISTRATION STATEMENT

/ X / Check box if it is proposed that this filing will become effective at 2:00
p.m. on December 7, 1999 pursuant to Rule 487.





                            NatCity Investments, Inc.



Great American Equities Trust, Series 3
Great American Value Trust, Series 1


- --------------------------------------------------------------------------------

   Van Kampen Focus Portfolios, Series 190 includes the unit investment trusts
described above (the "Trusts"). Each Trust seeks to increase the value of your
Units by investing in a diversified portfolio of common stocks selected by
NatCity Investments, Inc. The Great American Value Trust also seeks to provide
dividend income. Of course, we cannot guarantee that the Trust will achieve its
objective.



                                December 7, 1999

       You should read this prospectus and retain it for future reference.



- --------------------------------------------------------------------------------

  The Securities and Exchange Commission has not approved or disapproved of the
 Units or passed upon the adequacy or accuracy of this prospectus. Any contrary
                     representation is a criminal offense.

<TABLE>
<CAPTION>


                   Summary of Essential Financial Information
                                December 7, 1999

                                                                                            Great             Great
                                                                                          American          American
                                                                                          Equities            Value
Public Offering Price                                                                       Trust             Trust
                                                                                        ------------      ------------
<S>                                                                                     <C>               <C>
Aggregate value of Securities per Unit (1)                                              $      9.90       $     9.90
Sales charge                                                                                   0.45             0.45
   Less deferred sales charge                                                                  0.35             0.35
Public offering price per Unit (2)                                                      $     10.00       $    10.00

Trust Information
Initial number of Units (3)                                                                  14,938           14,948
Aggregate value of Securities (1)                                                       $   147,883       $  147,990
Estimated initial distribution per Unit (March 2000) (4)                                $      0.01       $     0.06
Estimated annual dividends per Unit (4)                                                 $   0.05461       $  0.29299
Redemption price per Unit (5)                                                           $      9.55       $     9.55
</TABLE>

General Information
Initial Date of Deposit              December 7, 1999
Mandatory Termination Date           December 7, 2004
Record Dates                         Tenth day of March, June, September
                                        and December
Distribution Dates                   Twenty-fifth day of March, June, September
                                        and December



- --------------------------------------------------------------------------------

(1)  Each Security is valued at the last closing sale price on its principal
     trading exchange or, if not listed, at the last asked price on the day
     before the Initial Date of Deposit. You will bear all or a portion of the
     expenses incurred in organizing and offering your Trust. The Public
     Offering Price includes the estimated amount of these costs. The Trustee
     will deduct these expenses from your Trust at the end of the initial
     offering period (approximately six months). The estimated amount is
     described on the next page.

(2)  The Public Offering Price will include any accumulated dividends or cash in
     the Income or Capital Accounts.

(3)  The number of Units may be adjusted so that the Public Offering Price per
     Unit equals $10 at the Evaluation Time on the Initial Date of Deposit. The
     number of Units and fractional interest of each Unit will increase or
     decrease to the extent of any adjustment.

(4)  This estimate is based on the most recently declared quarterly dividends or
     interim and final dividends accounting for any foreign withholding taxes.
     Actual dividends may vary due to a variety of factors. See "Risk Factors".

(5)  The redemption price is reduced by any remaining deferred sales charge. The
     redemption price includes the estimated organizational and offering costs.
     The redemption price will not include these costs after the initial
     offering period. See "Rights of Unitholders--Redemption of Units".

<TABLE>
<CAPTION>



                                    Fee Table

                                                                             Great             Great
                                                                           American          American
                                                                           Equities            Value
                                                                             Trust             Trust
                                                                         -----------------------------
Transaction Fees (as % of offering price)
<S>                                                                            <C>              <C>
Initial sales charge (1).............................................          1.00%            1.00%
Deferred sales charge (2)............................................          3.50%            3.50%
                                                                         -----------------------------
Maximum sales charge.................................................          4.50%            4.50%
                                                                         =============================

Maximum sales charge on reinvested dividends.........................          3.50%            3.50%
                                                                         =============================

Estimated Organizational Costs per Unit (3)..........................    $   0.02826       $  0.02826
                                                                         =============================
Estimated Annual Expenses per Unit
Trustee's fee and operating expenses.................................    $   0.01240       $  0.01240
Evaluation fees......................................................    $   0.00250       $  0.00250
Supervisory fees.....................................................    $   0.00250       $  0.00250
                                                                         -----------------------------
Estimated annual expenses per Unit...................................    $   0.01740       $  0.01740
                                                                         =============================
Estimated Costs Over Time
One year.............................................................    $        50       $       50
Three years..........................................................    $        54       $       54
Five years...........................................................    $        58       $       58
Ten years............................................................            N/A              N/A


</TABLE>


   This fee table is intended to assist you in understanding the costs that you
will bear and to present a comparison of fees. The "Estimated Costs Over Time"
example illustrates the expenses you would pay on a $1,000 investment assuming a
5% annual return and redemption at the end of each period. This example assumes
that you reinvest your distributions at the end of each year. Of course, you
should not consider this example a representation of actual past or future
expenses or annual rate of return which may differ from those assumed for this
example. The sales charge and expenses are described under "Public Offering" and
"Trust Operating Expenses".

- --------------------------------------------------------------------------------

(1)  The initial sales charge is the difference between the maximum sales charge
     and the deferred sales charge.


(2)  The deferred sales charge is actually equal to $0.35 per Unit. This amount
     will exceed the percentage above if the Public Offering Price per Unit
     falls below $10 and will be less than the percentage above if the Public
     Offering Price per Unit exceeds $10. The deferred sales charge accrues
     daily from June 10, 2000 through December 9, 2000. Your Trust pays a
     proportionate amount of this charge on the tenth day of each month
     beginning in the accrual period until paid in full.


(3)  You will bear all or a portion of the expenses incurred in organizing and
     offering your Trust. The Trustee will deduct the actual amount of these
     expenses from your Trust at the end of the initial offering period.


Great American Equities Trust

   The Trust seeks to increase the value of your Units over time by investing in
a diversified portfolio of common stocks selected by NatCity Investments, Inc.
NatCity attempted to select stocks of companies with extensive domestic and
international operations that represent sound investment opportunities. Bill
Batcheller, a NatCity research department analyst, selected the stocks for your
Trust. Mr. Batcheller selected the stocks from a pool of 120 candidates (he
picked these stocks from an original pool of approximately eight thousand
stocks). He also believes that these companies are recognized leaders in their
industries and are in a position to benefit from worldwide growth. Mr.
Batcheller generally attempted to select stocks that met specific guidelines:


     o    Market capitalization of at least $2 billion

     o    Five year historical earnings per share growth of at least 10% per
          annum compounded (versus approximately 8% for the Standard & Poor's
          500 index)

     o    Expected long term growth rate of at least 10% per annum (versus
          approximately 7% for the S&P 500 index)

     o    Ten year historical growth in revenues of at least 8% per annum
          (versus approximately 4% for the S&P 500 index)

     o    Earnings stability ratio ("r-squared") of at least 0.85 (versus
          approximately 0.75 for the S&P 500 Index)


   Of course, these factors may change after the Initial Date of Deposit. The
Trustee will not change your portfolio solely as a result of any change in these
factors.

   Mr. Batcheller also attempted to create a portfolio that would offer
diversification among a variety of industry sectors. While diversification
cannot eliminate risk, it may help you to manage the inherent risk associated
with stocks. The stocks in your Trust represent companies from a broad range of
economic sectors:

     o    Capital Goods/Electricity

     o    Consumer Staples--Food and household products

     o    Consumer Cyclicals

     o    Financial Services--Investment products and services

     o    Health Care--Pharmaceuticals companies

     o    Technology--Computer software, hardware and Internet products

   As with any investment, we cannot guarantee that the Trust will achieve its
objective. The value of your Units may fall below the price you paid for the
Units. You should read the "Risk Factors" section before you invest.

   About NatCity. NatCity Investments, Inc. is the Underwriter of your Trust.
NatCity Investments is the investment banking and full-service brokerage
subsidiary of National City Corporation, an $81 billion diversified financial
services company based in Cleveland, Ohio. National City Corporation operates
banks and other financial services subsidiaries principally in Ohio, Kentucky,
Illinois, Michigan, Indiana and Pennsylvania. NatCity Investments provides a
full array of financial products and services to individual investors. Coupled
with an experienced staff of financial consultants, NatCity offers unique and
genuine advantages to clients in terms of resources, value, and clear focus on
each investor's personal financial goals. NatCity also provides market-making
services for medium and small companies in the Midwest. NatCity Investments is
not a bank. Neither the FDIC nor any bank guarantees your investment.

<TABLE>
<CAPTION>


Portfolio
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                Current              Cost of
Number                                                      Market Value        Dividend             Securities
of Shares        Name of Issuer (1)                         per Share (2)       Yield (3)            to Trust (2)
    ----------   -----------------------------------       ---------------      -----------         -------------
                Basic Materials
<S>             <C>                                         <C>                     <C>             <C>
       169        Ecolab, Inc.                              $      34.625           1.21%           $   5,851.63
                Capital Goods
        43        General Electric Company                        137.500           1.02                5,912.50
                Communication Services
        74        MCI WorldCom, Inc.                               78.938           0.00                5,841.38
       111        SBC Communications, Inc.                         52.875           1.84                5,869.13
                Consumer Cyclicals
        71        Home Depot, Inc.                                 83.188           0.29                5,906.31
       100        Wal-Mart Stores, Inc.                            59.125           0.34                5,912.50
                Consumer Staples
       119        Clorox Company                                   48.188           1.66                5,734.31
        70        Clear Channel Communications, Inc.               85.500           0.00                5,985.00
       185        Walgreen Company                                 32.750           0.41                6,058.75
                Energy
        99        Schlumberger, Limited                            58.188           1.29                5,760.56
                Financials
        57        American International Group, Inc.              103.375           0.19                5,892.38
       153        Charles Schwab Corporation                       39.063           0.14                5,976.56
       126        Wells Fargo Company                              45.438           1.76                5,725.13
                Healthcare
        62        Johnson & Johnson                                96.500           1.16                5,983.00
       152        Medtronic, Inc.                                  39.000           0.41                5,928.00
        78        Merck & Company, Inc.                            75.438           1.54                5,884.13
                Technology
        62        Cisco Systems, Inc.                              98.250           0.00                6,091.50
       132        Dell Computer Corporation                        44.813           0.00                5,915.25
        63        EMC Corporation                                  94.125           0.00                5,929.88
        75        Intel Corporation                                77.938           0.15                5,845.31
        52        International Business Machines Corporation     116.000           0.41                6,032.00
        74        Lucent Technologies, Inc.                        80.313           0.10                5,943.13
        63        Maxim Integrated Products, Inc.                  94.938           0.00                5,981.06
        62        Microsoft Corporation                            95.438           0.00                5,917.13
        41        Sun Microsystems, Inc.                          146.500           0.00                6,006.50
- ----------                                                                                          -------------
     2,293                                                                                          $  147,883.03
==========                                                                                          =============
</TABLE>


See "Notes to Portfolios".


Great American Value Trust

   The Trust seeks to increase the value of your Units over time and provide
dividend income by investing in a diversified portfolio of common stocks
selected by NatCity Investments, Inc. NatCity attempted to select stocks of
companies with extensive domestic and international operations that represent
sound investment opportunities. Bill Batcheller, a NatCity research department
analyst, selected the stocks for your Trust. Mr. Batcheller selected the stocks
from a pool of 120 candidates (he picked these stocks from an original pool of
approximately eight thousand stocks). He also believes that these companies are
recognized leaders in their industries and are in a position to benefit from
worldwide growth. Mr. Batcheller generally attempted to select stocks that met
specific guidelines:

     o    Market capitalization of at least $2 billion

     o    Current dividend yield of at least 2% per annum (versus approximately
          1.4% for the Standard & Poor's 500 Index)

     o    Expected long term growth rates in earnings per share of at least 8%
          per annum (versus approximately 8% expected for the S&P 500 Index)

     o    Price to book value ratio of 4.0 or less (versus approximately 4.6%
          for the S&P 500 Index)

     o    Price to earnings ratio, based on Year 2000 estimated earnings per
          share, of 20 times or less (versus approximately 22 for the S&P 500
          Index)

   Of course, these factors may change after the Initial Date of Deposit. The
Trustee will not change your portfolio solely as a result of any change in these
factors.

   Mr. Batcheller also attempted to create a portfolio that would offer
diversification among a variety of industry sectors. While diversification
cannot eliminate risk, it may help you to manage the inherent risk associated
with stocks. The stocks in your Trust represent companies from a broad range of
economic sectors:

     o    Capital Goods/Electricity

     o    Consumer Staples--Food and household products

     o    Consumer Cyclicals

     o    Financial Services--Investment products and services

     o    Health Care--Pharmaceuticals companies

     o    Technology--Computer software, hardware and Internet products

   As with any investment, we cannot guarantee that the Trust will achieve its
objective. The value of your Units may fall below the price you paid for the
Units. You should read the "Risk Factors" section before you invest.

   About NatCity. NatCity Investments, Inc. is the Underwriter of your Trust.
NatCity Investments is the investment banking and full-service brokerage
subsidiary of National City Corporation, an $81 billion diversified financial
services company based in Cleveland, Ohio. National City Corporation operates
banks and other financial services subsidiaries principally in Ohio, Kentucky,
Illinois, Michigan, Indiana and Pennsylvania. NatCity Investments provides a
full array of financial products and services to individual investors. Coupled
with an experienced staff of financial consultants, NatCity offers unique and
genuine advantages to clients in terms of resources, value, and clear focus on
each investor's personal financial goals. NatCity also provides market-making
services for medium and small companies in the Midwest. NatCity Investments is
not a bank. Neither the FDIC nor any bank guarantees your investment.

<TABLE>
<CAPTION>


Portfolio
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                Current              Cost of
Number                                                      Market Value        Dividend             Securities
of Shares        Name of Issuer (1)                         per Share (2)       Yield (3)            to Trust (2)
    ----------   -----------------------------------       ---------------      -----------         -------------
                Basic Materials
<S>             <C>                                         <C>                     <C>             <C>
       188        Air Products and Chemicals, Inc.          $      31.500           2.29%           $   5,922.00
       100        PPG Industries, Inc.                             58.438           2.60                5,843.75
       266        Sonoco Products Company                          22.438           3.39                5,968.38
                Capital Goods
       284        Crown Cork & Seal Company, Inc.                  21.375           4.68                6,070.50
        60        Minnesota Mining & Manufacturing                 97.813           2.29                5,868.75
                Consumer Cyclicals
       112        Ford Motor Company                               52.313           3.82                5,859.00
       130        H&R Block, Inc.                                  46.063           2.39                5,988.13
       485        ServiceMaster Company                            12.750           2.82                6,183.75
                Consumer Staples
       178        Fortune Brands, Inc.                             32.750           2.81                5,829.50
       175        Newell Rubbermaid, Inc.                          33.688           2.37                5,895.31
       252        R. R. Donnelly & Sons Company                    23.938           3.68                6,032.25
                Energy
       224        Conoco, Inc.                                     26.938           2.82                6,034.00
       229        USX-Marathon Group                               25.438           3.30                5,825.19
                Financials
       269        AmSouth Bancorporation                           21.688           3.69                5,833.94
       107        Bank of America Corporation                      54.750           3.65                5,858.25
        75        Chase Manhattan Corporation                      78.875           2.08                5,915.63
       108        Chubb Corporation                                54.563           2.35                5,892.75
       133        Hartford Financial Services Group, Inc.          43.188           2.22                5,743.94
       163        Mellon Financial Corporation                     35.625           2.25                5,806.88
       156        SouthTrust Corporation                           37.875           2.32                5,908.50
       119        XL Capital, Ltd.                                 50.750           3.47                6,039.25
                Healthcare
       227        Becton, Dickinson & Company                      26.188           1.41                5,944.56
                Technology
       226        Xerox Corporation                                26.000           3.08                5,876.00
                Transportation
       278        Norfolk Southern Corporation                     21.375           3.74                5,942.25
                Utilities
       118        Duke Energy Corporation                          50.063           4.39                5,907.38
- ----------                                                                                          -------------
     4,662                                                                                          $  147,989.84
==========                                                                                          =============
</TABLE>


See "Notes to Portfolios".


Notes to Portfolios


(1)  The Securities are initially represented by "regular way" contracts for the
     performance of which an irrevocable letter of credit has been deposited
     with the Trustee. Contracts to acquire Securities were entered into on
     December 6, 1999 and have a settlement date of December 9, 1999 (see "The
     Trusts").


(2)  The market value of each Security is based on the closing sale price on the
     applicable exchange or, if not listed, the last asked price on the day
     prior to the Initial Date of Deposit. Other information regarding the
     Securities, as of the Initial Date of Deposit, is as follows:


                                                               Profit
                                        Cost to               (Loss) To
                                        Sponsor                Sponsor
                                    --------------          -------------
Great American Equities Trust       $   147,883            $      --
Great American Value Trust          $   147,990            $      --


(3)  Current Dividend Yield for each Security is based on the estimated annual
     dividends per share and the Security's market value as of the close of
     trading on the day prior to the Initial Date of Deposit. Estimated annual
     dividends per share are calculated by annualizing the most recently
     declared dividends or by adding the most recent interim and final dividends
     declared and reflect any foreign withholding taxes.


   The Securities. A brief description of each of the issuers of the Securities
is listed below.


   Great American Equities Trust, Series 3

   American International Group, Inc. American International Group, Inc.,
through its subsidiaries, provides a variety of insurance and insurance-related
services in the United States and overseas. The company writes property and
casualty and life insurance, as well as provides financial services.

   Charles Schwab Corporation. Charles Schwab Corporation provides a variety of
financial services to individual investors, independent investment managers,
retirement plans, and institutions. The company provides its services to
customers through multiple service channels, including the Internet, a network
of branch offices, telephone, and multilingual technologies.

   Cisco Systems, Inc. Cisco Systems, Inc. supplies data networking products to
the corporate enterprise and public wide area service provider markets. The
company offers a variety of products including routers, LAN switches, frame
relay/ATM, and remote access concentrators. Cisco's clients include utilities,
corporations, universities, governments, and small to medium-size businesses
worldwide.

   Clear Channel Communications, Inc. Clear Channel Communications, Inc. is a
diversified media company with operations in broadcasting and outdoor
advertising. The company owns, programs, or sells airtime for various United
States radio and television stations, as well as international radio stations.
Clear Channel provides outdoor advertising services in United States and
international markets.

   Clorox Company. Clorox Company builds brand franchises for consumer products
sold primarily in grocery stores and other retail outlets throughout the United
States and in other countries. The company's products include laundry additives,
home cleaning products, cat litters, charcoal briquettes, salad dressings,
sauces, water filtration systems, home fireplace products, and trash bags, among
others.

   Dell Computer Corporation. Dell Computer Corporation designs, develops,
manufactures, markets, services, and supports a variety of computer systems.
Computer systems include desktop computer systems, notebook computers,
workstations, and network server and storage products. The company sells its
products and services to corporate, government, medical, and education
customers, as well as individuals.

   Ecolab, Inc. Ecolab, Inc. develops and markets products and services for the
hospitality, institutional, and industrial markets. The company provides
cleaning, sanitizing, pest elimination, and maintenance products, systems, and
services. Ecolab provides its services to hotels and restaurants, healthcare and
educational facilities, light industry, and other customers located worldwide.

   EMC Corporation. EMC Corporation provides enterprise storage systems,
software, networks, and services. The company's products store, retrieve,
manage, protect, and share information from all major computing environments,
including UNIX, Windows NT, and mainframe platforms. EMC operates offices around
the world.

   General Electric Company. General Electric Company develops, manufactures,
and markets products for the generation, distribution, and utilization of
electricity. The company, through General Electric Capital Services, Inc.,
offers a variety of financial services including mutual fund management,
financing, asset management, and insurance. General Electric also owns the
National Broadcasting Company.

   Home Depot, Inc. Home Depot, Inc. sells building materials and home
improvement products. The company's stores sell plumbing, heating and electrical
supplies, lumber, floor and wall coverings, hardware, tools, paint, and lawn and
garden products. Home Depot operates in North and South America.

   Intel Corporation. Intel Corporation designs, manufactures, and sells
computer components and related products. The company's major products include
microprocessors, chipsets, embedded processors and microcontrollers, flash
memory products, graphics products, network and communications products, systems
management software, conferencing products, and digital imaging products.

   International Business Machines Corporation. International Business Machines
Corporation provides customer solutions through the use of advanced information
technology. The company's solutions include technologies, systems, products,
services, software, and financing. IBM offers its products through its global
sales and distribution organization, as well as through a variety of third party
distributors and resellers.
   Johnson & Johnson. Johnson & Johnson manufactures health care products and
provides related services. The company sells its products to the consumer,
pharmaceutical, and professional markets in countries around the world. Johnson
& Johnson's principal consumer products include BAND-AID adhesive bandages,
TYLENOL acetaminophen products, JOHNSON'S baby products, and STAYFREE sanitary
products, among others.

   Lucent Technologies, Inc. Lucent Technologies, Inc. designs, builds, and
delivers a wide range of public and private networks, communications systems and
software, and data networking systems. The company also designs, builds, and
delivers business telephone systems and microelectronic components. Lucent
conducts its research and development activities through Bell Laboratories.

   Maxim Integrated Products, Inc. Maxim Integrated Products, Inc. designs,
develops, manufactures, and markets a broad range of linear and mixed-signal
integrated circuits. The company also provides a range of high-frequency design
processes and capabilities that can be used in custom design.

   MCI WorldCom, Inc. MCI WorldCom, Inc. provides consumers and businesses with
local, long distance, Internet, data, and international communications services.
The company's telecommunications products and services include switched and
dedicated long distance and local products, dedicated and dial-up Internet
access, wireless services, 800 services, calling cards, private lines, and debit
cards.

   Medtronic, Inc. Medtronic, Inc. provides device-based therapies that restore
health, extend life, and alleviate pain. The company's principal products
include those for bradycardia pacing, tachyarrhythmia management, atrial
fibrillation management, heart failure management, heart valve replacement,
malignant and non-malignant pain, and movement disorders. Medtronic's products
are sold worldwide.

   Merck & Company, Inc. Merck & Company, Inc. is a global pharmaceutical
company that discovers, develops, manufactures, and markets a broad range of
human and animal health products. The company also provides pharmaceutical
benefit services. Merck's products include Zocor, a treatment for elevated
cholesterol, Pepcid anti-ulcerant, Primaxin antibiotic, and Propecia, a
treatment for male pattern hair loss.

   Microsoft Corporation. Microsoft Corporation develops, manufactures,
licenses, sells, and supports software products. The company offers operating
system software, server application software, business and consumer applications
software, software development tools, and Internet and intranet software.
Microsoft also develops the MSN network of Internet products and services.

   SBC Communications, Inc. SBC Communications, Inc. provides communications
services in the United States and in other countries. The company provides local
and long-distance phone service, wireless and data communications, paging,
Internet access and messaging, cable and satellite television, security
services, and telecommunications equipment. SBC also provides directory
advertising and publishing.

   Schlumberger, Limited. Schlumberger, Limited provides oilfield services and
other services to various industries. The company offers seismic data
acquisition, drilling rigs, wire-line logging, and other oilfield services.
Schlumberger also provides technology, products, services, and systems to the
semiconductor, banking, and other industries, as well as solutions to
electricity, gas, and water resource clients.

   Sun Microsystems, Inc. Sun Microsystems, Inc. provides products, services,
and support solutions for building and maintaining network computing
environments. The company sells scalable computer systems, high-speed
microprocessors, and a complete line of high-performance software for operating
network computing equipment and storage products. Sun also provides support,
education, and professional services.

   Walgreen Company. Walgreen Company operates retail drugstores. The company's
stores sell prescription and nonprescription drugs, general merchandise, liquor
and beverages, cosmetics, and tobacco products. Walgreen operates stores in the
United States and Puerto Rico.

   Wal-Mart Stores, Inc. Wal-Mart Stores, Inc. operates discount stores and
Supercenters, as well as Sam's Clubs. The company's Wal-Mart discount stores and
Supercenters offer merchandise such as apparel, housewares, small appliances,
electronics, and hardware. Wal-Mart operates in the United States, Canada,
Argentina, Brazil, Germany, Mexico, and Puerto Rico, as well as joint ventures
in China and Korea.

   Wells Fargo Company. Wells Fargo Company is a diversified financial services
company providing banking, insurance, investments, mortgage, and consumer
finance. The company operates through physical stores, the Internet and other
distribution channels across North America and elsewhere internationally.

   Great American Value Trust, Series 1

   Air Products and Chemicals, Inc. Air Products and Chemicals, Inc. produces
industrial gas and related industrial process equipment. The company also
produces and markets polymer chemicals, performance chemicals, and chemical
intermediates. Air Products recovers and distributes oxygen, nitrogen, argon,
hydrogen, carbon monoxide, carbon dioxide, synthesis gas, and helium, as well as
medical and specialty gasses.

   AmSouth Bancorporation. AmSouth Bancorporation and its subsidiaries provide a
full line of traditional and nontraditional financial services. The company
provides consumer and commercial banking, small business banking, mortgage
loans, trust services, and investment management. AmSouth operates in Tennessee,
Florida, Alabama, Mississippi, Georgia, Louisiana, Arkansas, Kentucky, and
Virginia.

   Bank of America Corporation. Bank of America Corporation is the holding
company for Bank of America and NationsBank. The company provides retail banking
services, asset management, financial products, corporate finance, specialized
finance, capital markets, and financial services. Bank of America operates
throughout the United States.

   Becton, Dickinson and Company. Becton, Dickinson and Company manufactures and
sells a variety of medical supplies and devices and diagnostic systems. The
company's products are used by health care professionals, medical research
institutions, and the general public. Becton's products are marketed worldwide.

   Chase Manhattan Corporation. Chase Manhattan Corporation is a bank holding
company that conducts domestic and international financial services through
various bank and non-bank subsidiaries. The company provides corporate finance,
wholesale banking, and investment services, as well as emphasizes originations,
underwriting, distribution, risk management products, and private banking.

   Chubb Corporation. Chubb Corporation, a holding company, offers property and
casualty insurance. The company provides insurance coverage around the world.

   Conoco, Inc. Conoco, Inc. explores for, produces, and sells crude oil,
natural gas, and natural gas liquids. The company's downstream activities
include refining crude oil and other feedstocks into petroleum products, buying
and selling crude oil and refined products, and transporting, distributing, and
marketing petroleum products. Conoco operates in countries throughout the world.

   Crown Cork & Seal Company, Inc. Crown Cork & Seal Company, Inc. manufactures
packaging products for consumer goods. The company's products include metal cans
and plastic packaging products, plastic containers, metal specialty and
promotional packaging products, composite containers, and a variety of closures
and dispensing systems.

   Duke Energy Corporation. Duke Energy Corporation, an integrated energy and
services provider, generates transmits, distributes, and sells electric energy
in central and western North Carolina and the western portion of South Carolina.
The company also provides interstate transportation and storage of natural gas
for customers primarily in the Mid-Atlantic and New England states.

   Ford Motor Company. Ford Motor Company manufactures and sells automobiles,
trucks, and related parts and accessories around the world. The company also
provides financial services through Ford Motor Credit Company. In addition, Ford
operates a car rental business through The Hertz Corporation.

   Fortune Brands, Inc. Fortune Brands, Inc., through its subsidiaries,
manufactures and sells branded home products, office products, golf equipment,
and distilled spirits. The company's home products include Moen faucets, as well
as Aristokraft and Schrock cabinets. Fortune also produces Titleist golf balls
and several Jim Beam spirit and wine brands.

   H&R Block, Inc. H&R Block, Inc. provides a wide range of financial products
and services through its subsidiaries. The company provides tax services to the
general public, a full range of home mortgage products, accounting and
consulting services, and consumer financial and personal productivity software.
H&R Block provides its tax services to clients in the United States and other
countries.

   Hartford Financial Services Group, Inc. Hartford Financial Services Group,
Inc. provides a range of insurance products. The company's products include
property and casualty insurance, annuities, life insurance, investment services,
and group insurance. Hartford Financial operates around the world.

   Mellon Financial Corporation. Mellon Financial Corporation provides wealth
management and global asset management for individual and institutional
investors. The company also provides global investment services for businesses
and institutions, as well as custody, retirement, and benefits consulting
services. In addition, Mellon offers banking services for individuals,
businesses, and institutions.

   Minnesota Mining and Manufacturing Company. Minnesota Mining and
Manufacturing Company is a diversified manufacturer of industrial, commercial,
and health care products. The company produces and markets more than 50,000
products worldwide. 3M's products include Post-it Notes, Flex circuits,
Scotchgard fabric, film, and photo protectors, Thinsulate insulation products
and Nexcare bandages.

   Newell Rubbermaid, Inc. Newell Rubbermaid, Inc. manufactures and markets
consumer products which are sold through a variety of retail and wholesale
distribution channels. The company's products include housewares, juvenile
products, home furnishings, office products, and hair accessories. Newell
Rubbermaid's products are sold under the Calphalon, Rubbermaid, Goody, Levolor,
Berol, and other brand names.

   Norfolk Southern Corporation. Norfolk Southern Corporation owns and controls
Norfolk Southern Railway Company, a freight railroad, and Pocahontas Land
Corporation, a natural resources company. The railroad system extends throughout
the southeastern and Midwestern United States, and the Canadian province of
Ontario. Pocahontas Land manages coal, natural gas, and timber resources in the
United States.

   PPG Industries, Inc. PPG Industries, Inc. supplies products for the
manufacturing, construction, automotive, chemical processing, and other
industries worldwide. The company makes protective and decorative coatings, flat
glass, fabricated glass products, continuous-strand fiber glass products, and
industrial and specialty chemicals.

   R. R. Donnelley & Sons Company. R. R. Donnelley & Sons Company, a commercial
printer, provides printing and related services to the merchandising, magazine,
book, directory, financial, and healthcare markets. The company operates
locations worldwide.

   ServiceMaster Company. ServiceMaster Company is a network of service
companies with customers in the United States and other countries. The company's
services include lawn care, termite and pest control, residential and commercial
cleaning, home inspection, and other services. ServiceMaster also provides
facilities management services such as maintenance, housekeeping, and food
service.

   Sonoco Products Company. Sonoco Products Company manufactures industrial and
consumer packaging solutions for customers around the world. The company's
products include flexible packaging, high density film products, and folding
cartons.

   SouthTrust Corporation. SouthTrust Corporation, a bank holding company,
provides a full range of banking services. The company's offices are located in
Alabama, Florida, Georgia, Mississippi, North Carolina, South Carolina,
Tennessee, and Texas.

   USX-Marathon Group. USX-Marathon Group, a business unit of USX Corporation,
includes Marathon Oil Company and certain other subsidiaries of USX. The group
explores for, produces, transports, and markets crude oil and natural gas
worldwide. Marathon also refines, markets, and transports petroleum products in
the United States.

   Xerox Corporation. Xerox Corporation develops, manufactures, markets,
services, and finances a range of document processing products and services for
use in offices around the world. The company also, through subsidiaries,
provides network management, consulting, design, and integration services for
medium and large companies.

   XL Capital, Ltd. XL Capital, Ltd., through its subsidiaries, provides general
liability, directors and officers liability, professional liability, and excess
property insurance coverage. The company offers its coverage to a wide range of
firms and on a global basis.




               REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS


To the Board of Directors of Van Kampen Funds Inc. and the Unitholders of Van
Kampen Focus Portfolios, Series 190:

   We have audited the accompanying statements of condition and the related
portfolios of Van Kampen Focus Portfolios, Series 190 as of December 7, 1999.
The statements of condition and portfolios are the responsibility of the
Sponsor. Our responsibility is to express an opinion on such financial
statements based on our audit.


   We conducted our audit in accordance with generally accepted auditing
standards. Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements. Our procedures included
confirmation of an irrevocable letter of credit deposited to purchase securities
by correspondence with the Trustee. An audit also includes assessing the
accounting principles used and significant estimates made by the Sponsor, as
well as evaluating the overall financial statement presentation.


   We believe our audit provides a reasonable basis for our opinion. In our
opinion, the financial statements referred to above present fairly, in all
material respects, the financial position of Van Kampen Focus Portfolios, Series
190 as of December 7, 1999, in conformity with generally accepted accounting
principles.

                                                              GRANT THORNTON LLP
Chicago, Illinois
December 7, 1999


<TABLE>
<CAPTION>


                             STATEMENTS OF CONDITION
                             As of December 7, 1999

                                                                                               Great           Great
                                                                                             American        American
                                                                                             Equities          Value
                                                                                               Trust           Trust
                                                                                          --------------- --------------
INVESTMENT IN SECURITIES
<S>                                                                                     <C>               <C>
Contracts to purchase Securities (1)                                                    $       147,883   $      147,990
                                                                                          --------------- --------------
  Total                                                                                 $       147,883   $      147,990
                                                                                          =============== ==============


LIABILITY AND INTEREST OF UNITHOLDERS
Liability--
  Organizational costs (2)                                                              $           422   $          422
  Deferred sales charge liability (3)                                                             5,228            5,232
Interest of Unitholders--
  Cost to investors (4)                                                                         149,380          149,480
  Less: Gross underwriting commission and organizational costs (2)(4)(5)                          7,147            7,144
                                                                                          --------------- --------------
  Net interest to Unitholders (4)                                                               142,233          142,336
                                                                                          --------------- --------------
Total                                                                                   $       147,883   $      147,990
                                                                                          =============== ==============
</TABLE>


- --------------------------------------------------------------------------------

(1)  The value of the Securities is determined by Interactive Data Corporation
     on the bases set forth under "Public Offering--Offering Price". The
     contracts to purchase Securities are collateralized by an irrevocable
     letter of credit which has been deposited with the Trustee.

(2)  A portion of the Public Offering Price represents an amount sufficient to
     pay for all or a portion of the costs incurred in establishing your Trust.
     The amount of these costs are set forth in the "Fee Table". A distribution
     will be made as of the close of the initial offering period to an account
     maintained by the Trustee from which this obligation of the investors will
     be satisfied.

(3)  Represents the amount of mandatory distributions from your Trust on the
     bases set forth under "Public Offering".

(4)  The aggregate public offering price and the aggregate sales charge are
     computed on the bases set forth under "Public Offering-- Offering Price".

(5)  Assumes the maximum sales charge.





THE TRUSTS
- --------------------------------------------------------------------------------

   Each Trust was created under the laws of the State of New York pursuant to a
Trust Indenture and Trust Agreement (the "Trust Agreement"), dated the date of
this Prospectus (the "Initial Date of Deposit"), among Van Kampen Funds Inc., as
Sponsor, Van Kampen Investment Advisory Corp., as Supervisor, The Bank of New
York, as Trustee, and American Portfolio Evaluation Services, a division of Van
Kampen Investment Advisory Corp., as Evaluator.
   Each Trust offers the opportunity to purchase Units representing
proportionate interests in a portfolio of actively traded equity securities. The
Trusts may be appropriate mediums for investors who desire to participate in a
portfolio of common stocks with greater diversification than they might be able
to acquire individually.
   On the Initial Date of Deposit, the Sponsor deposited delivery statements
relating to contracts for the purchase of the Securities and an irrevocable
letter of credit in the amount required for these purchases with the Trustee. In
exchange for these contracts the Trustee delivered to the Sponsor documentation
evidencing the ownership of Units of each Trust. Unless otherwise terminated as
provided in the Trust Agreement, your Trust will terminate on the Mandatory
Termination Date and any remaining Securities will be liquidated or distributed
by the Trustee within a reasonable time. As used in this Prospectus the term
"Securities" means the securities (including contracts to purchase these
securities) listed in "Portfolio" any additional securities deposited into each
Trust.
   Additional Units may be issued at any time by depositing in a Trust (i)
additional Securities, (ii) contracts to purchase Securities together with cash
or irrevocable letters of credit or (iii) cash (or a letter of credit or the
equivalent) with instructions to purchase additional Securities. As additional
Units are issued by a Trust, the aggregate value of the Securities will be
increased and the fractional undivided interest represented by each Unit will be
decreased. The Sponsor may continue to make additional deposits into a Trust
following the Initial Date of Deposit provided that the additional deposits will
be in amounts which will maintain, as nearly as practicable, the same percentage
relationship among the number of shares of each Security in the Trust's
portfolio that existed immediately prior to the subsequent deposit. Investors
may experience a dilution of their investments and a reduction in their
anticipated income because of fluctuations in the prices of the Securities
between the time of the deposit and the purchase of the Securities and because
the Trusts will pay the associated brokerage or acquisition fees.
   Each Unit initially offered represents an undivided interest in its Trust. To
the extent that any Units are redeemed by the Trustee or additional Units are
issued as a result of additional Securities being deposited by the Sponsor, the
fractional undivided interest in a Trust represented by each unredeemed Unit
will increase or decrease accordingly, although the actual interest in the Trust
will remain unchanged. Units will remain outstanding until redeemed upon tender
to the Trustee by Unitholders, which may include the Sponsor, or until the
termination of the Trust Agreement.
   Each Trust consists of (a) the Securities (including contracts for the
purchase thereof) listed under the "Portfolio" as may continue to be held from
time to time in the Trust, (b) any additional Securities acquired and held by
the Trust pursuant to the provisions of the Trust Agreement and (c) any cash
held in the related Income and Capital Accounts. Neither the Sponsor nor the
Trustee shall be liable in any way for any failure in any of the Securities.

OBJECTIVES AND SECURITIES SELECTION
- --------------------------------------------------------------------------------
   The objective of each Trust is to provide capital appreciation by investing
in a portfolio of actively traded equity securities selected by NatCity
Investments, Inc. (the "Underwriter"). We cannot guarantee that the Trust will
achieve its objective. In selecting the Securities, the Underwriter considered
the factors described earlier in the prospectus.
   The Underwriter uses the list of Securities in its independent capacity as an
investment adviser and distributes this information to various individuals and
entities. The Underwriter may recommend or effect transactions in the
Securities. This may have an adverse effect on the prices of the Securities.
This also may have an impact on the price a Trust pays for the Securities and
the price received upon Unit redemptions or Trust termination.
   The Underwriter acts as agent or principal in connection with the purchase
and sale of equity securities, including the Securities, and may act as a market
maker in the Securities. The Underwriter also issues reports and makes
recommendations on the Securities. The Underwriter's research department may
receive compensation based on commissions generated by research and/or sales of
Units.
   You should note that the Underwriter applied the selection criteria to the
Securities for inclusion in a Trust as of the Initial Date
of Deposit. After this date, the Securities may no longer meet the selection
criteria. Should a Security no longer meet the selection criteria, we will
generally not remove the Security from the portfolio.

RISK FACTORS
- --------------------------------------------------------------------------------

   Price Volatility. The Trusts invest in common stocks. The value of Units will
fluctuate with the value of these stocks and may be more or less than the price
you originally paid for your Units. The market value of common stocks sometimes
moves up or down rapidly and unpredictably. Because the Trusts are unmanaged,
the Trustee will not sell stocks in response to market fluctuations as is common
in managed investments. As with any investment, we cannot guarantee that the
performance of the Trusts will be positive over any period of time.
   Dividends. Common stocks represent ownership interests in the issuers and are
not obligations of the issuers. Accordingly, common stockholders have a right to
receive dividends only after the company has provided for payment of its
creditors, bondholders and preferred stockholders. Common stocks do not assure
dividend payments. Dividends are paid only when declared by an issuer's board of
directors and the amount of any dividend may vary over time.

   Financial Services Industry. The Great American Value Trust invests
significantly in banks and thrifts, insurance companies and investment firms.
Banks, thrifts and their holding companies are especially subject to the adverse
effects of economic recession; volatile interest rates; portfolio concentrations
in geographic markets and in commercial and residential real estate loans; and
competition from new entrants in their fields of business. In addition, banks,
thrifts and their holding companies are extensively regulated at both the
federal and state level and may be adversely affected by increased regulations.
   Banks and thrifts will face increased competition from nontraditional lending
sources as regulatory changes, such as the recently enacted financial services
overhaul legislation permit new entrants to offer various financial products.
Technological advances such as the Internet allow these nontraditional lending
sources to cut overhead and permit the more efficient use of customer data.
Banks are already facing tremendous pressure from mutual funds, brokerage firms
and other financial service providers in the competition to furnish services
that were traditionally offered by banks.
   Brokerage firms, broker/dealers, investment banks, finance companies and
mutual fund companies compete with banks and thrifts to provide traditional
financial service products, in addition to their traditional services, such as
brokerage and investment advice. In addition, all financial service companies
face shrinking profit margins due to new competitors, the cost of new technology
and the pressure to compete globally.
   Companies involved in the insurance industry underwrite, sell or distribute
property and casualty, life or health insurance. Many factors affect insurance
company profits, including interest rate movements, the imposition of premium
rate caps, competition and pressure to compete globally. Property and casualty
insurance profits may also be affected by weather catastrophes and other
disasters. Life and health insurance profits may be affected by mortality rates.
Already extensively regulated, insurance companies' profits may also be
adversely affected by increased government regulations or tax law changes.
   Technology Issuers. The Great American Equities Trust invests significantly
in technology companies. These companies face risks related to rapidly changing
technology, rapid product obsolescence, cyclical market patterns, evolving
industry standards and frequent new product introductions. An unexpected change
in technology can have a significant negative impact on a company. The failure
of a company to introduce new products or technologies or keep pace with rapidly
changing technology, can have a negative impact on the company's results.
Technology stocks tend to experience substantial price volatility and
speculative trading. Announcements about new products, technologies, operating
results or marketing alliances can cause stock prices to fluctuate dramatically.
At times, however, extreme price and volume fluctuations are unrelated to the
operating performance of a company. This can impact your ability to redeem your
Units at a price equal to or greater than what you paid.
   The market for certain products may have only recently begun to develop, is
rapidly evolving or is characterized by increasing suppliers. Key components of
some technology products are available only from limited sources. This can
impact the cost of and ability to acquire these components. Some technology
companies serve highly concentrated customer bases with a limited number of
large customers. Any failure to meet the standard of these customers can result
in a significant loss or reduction in sales. Many products and technologies are
incorporated into other products. As a result, some companies are highly
dependent on the performance of other technology companies. We cannot guarantee
that these customers will continue to place additional orders or will place
orders in similar quantities as in the past.

   Consumer Products Companies. The Trusts invest in a significant number of
issuers within the consumer goods industry. These companies include companies in
the non-durable consumer goods, food and beverage, and pharmaceuticals sectors.
You should understand the risks of these companies before you invest. These
companies face risks due to cyclicality of revenues and earnings, changing
consumer demands, regulatory restrictions, products liability litigation,
extensive competition, foreign tariffs, foreign exchange rates, transportation
costs, the cost of raw materials, unfunded pension fund liabilities and employee
and retiree benefit costs and financial deterioration resulting from leveraged
buy-outs, takeovers or acquisitions. Because the economic health of consumers
greatly impacts these companies, recession or tightening of consumer credit or
spending could adversely affect these issuers. Pharmaceutical companies face
additional risks such as extensive governmental regulation, lengthy governmental
drug review processes and substantial research and development costs. The
failure to obtain government approval or successful test results for a drug
could have a substantial negative impact on a company. All of these factors can
have a negative impact on the value of your Units.
   No FDIC Guarantee. An investment in your Trust is not a deposit of any bank
and is not insured or guaranteed by the Federal Deposit Insurance Corporation or
any other government agency.
   Year 2000 Readiness Disclosure. The following two paragraphs constitute "Year
2000 Readiness Disclosure" within the meaning of the Year 2000 Information and
Readiness Disclosure Act of 1998. If computer systems used by the Sponsor,
Evaluator, Supervisor, Trustee or other service providers to the Trust do not
properly process date-related information after December 31, 1999, the resulting
difficulties could adversely impact your Trust. This is commonly known as the
"Year 2000 Problem". The Sponsor, Evaluator, Supervisor and Trustee are taking
steps to address this problem and to obtain reasonable assurances that other
service providers to your Trust are taking comparable steps. We cannot guarantee
that these steps will be sufficient to avoid any adverse impact on your Trust.
This problem may impact corporations to varying degrees based on factors such as
industry sector and degree of technological sophistication. We cannot predict
what impact, if any, this problem will have on the issuers of the Securities.
   In addition, computer failures throughout the financial services industry
beginning January 1, 2000 could have a detrimental affect on the markets for the
Securities. Improperly functioning trading systems may result in settlement
problems and liquidity issues. Moreover, corporate and governmental data
processing errors may adversely affect issuers and overall economic
uncertainties. Remediation costs will affect the earnings of individual issuers.
These costs could be substantial. Issuers may report these costs inconsistently
in U.S. and foreign financial markets. All of these issues could adversely
affect the Securities and your Trust.

PUBLIC OFFERING
- --------------------------------------------------------------------------------

   General. Units are offered at the Public Offering Price which includes the
underlying value of the Securities, the initial sales charge, and cash, if any,
in the Income and Capital Accounts. The "Fee Table" describes the sales charges
in detail. If any deferred sales charge payment date is not a business day, we
will charge the payment to the Trust on the next business day. If you purchase
Units after the initial deferred sales charge payment, you will only pay the
remaining portion of the deferred sales charge. A portion of the Public Offering
Price includes an amount of Securities to pay for all or a portion of the costs
incurred in establishing your Trust. These costs include the cost of preparing
documents relating to your Trust (such as the prospectus, trust agreement and
closing documents), federal and state registration fees, the initial fees and

expenses of the Trustee and legal and audit expenses. Beginning on December 7,
2000, the secondary market sales charge will be 4.00% and will not include
deferred payments. This sales charge will reduce by 0.5% on each following
December 7 to a minimum of 3.00%. The initial offering period sales charge is
reduced as follows:

       Aggregate
     Dollar Amount
   of Units Purchased*                    Sales Charge
  --------------------                    ------------
   $50,000 - $99,999                          4.25%
  $100,000 - $249,999                         4.00
  $250,000 - $499,999                         3.75
  $500,000 - $999,999                         3.25
  $1,000,000 or more                          2.75

- ---------------
*The breakpoint sales charges are also applied on a Unit basis utilizing a
breakpoint equivalent in the above table of $10 per Unit and will be applied on
whichever basis is more favorable to the investor.

   Any sales charge reduction is the responsibility of the selling broker,
dealer or agent. An investor may aggregate purchases of Units of the Trusts for
purposes of qualifying for the volume purchase discounts listed above. The
reduced sales charge structure will also apply on all purchases by the same
person from any one dealer of units of Van Kampen-sponsored unit investment
trusts which are being offered in the initial offering period (a) on any one day
(the "Initial Purchase Date") or (b) on any day subsequent to the Initial
Purchase Date if the units purchased are of a unit investment trust purchased on
the Initial Purchase Date. In the event units of more than one trust are
purchased on the Initial Purchase Date, the aggregate dollar amount of such
purchases will be used to determine whether purchasers are eligible for a
reduced sales charge. Such aggregate dollar amount will be divided by the public
offering price per unit of each respective trust purchased to determine the
total number of units which such amount could have purchased of each individual
trust. Purchasers must then consult the applicable trust's prospectus to
determine whether the total number of units which could have been purchased of a
specific trust would have qualified for a reduced sales charge and the amount of
such reduction. To determine the applicable sales charge reduction it is
necessary to accumulate all purchases made on the Initial Purchase Date and all
purchases made in accordance with (b) above. Units purchased in the name of the
spouse of a purchaser or in the name of a child of such purchaser ("immediate
family members") will be deemed to be additional purchases by the purchaser for
the purposes of calculating the applicable sales charge. The reduced sales
charges will also be applicable to a trustee or other fiduciary purchasing
securities for one or more trust estate or fiduciary accounts.
   During the initial offering period of the Trusts offered in this prospectus,
unitholders of any other Van Kampen-sponsored unit investment trusts may utilize
their redemption or termination proceeds to purchase Units of the Trusts offered
in this prospectus at the Public Offering Price per Unit less 1%.
   Employees, officers and directors (including their spouses, children,
grandchildren, parents, grandparents, siblings, mothers-in-law, fathers-in-law,
sons-in-law, daughters-in-law, and trustees, custodians or fiduciaries for the
benefit of such persons) of Van Kampen Funds Inc. and its affiliates, dealers
and their affiliates and vendors providing services to the Sponsor may purchase
Units at the Public Offering Price less the applicable dealer concession.
   The minimum purchase is 100 Units but may vary by selling firm. However, in
connection with fully disclosed transactions with the Sponsor, the minimum
purchase requirement will be that number of Units set forth in the contract
between the Sponsor and the related broker or agent.
   Offering Price. The Public Offering Price of Units will vary from the amounts
stated under "Summary of Essential Financial Information" in accordance with
fluctuations in the prices of the underlying Securities in your Trust. The
initial price of the Securities was determined by Interactive Data Corporation,
a firm regularly engaged in the business of evaluating, quoting or appraising
comparable securities. The Evaluator will generally determine the value of the
Securities as of the Evaluation Time on each business day and will adjust the
Public Offering Price of Units accordingly. This Public Offering Price will be
effective for all orders received prior to the Evaluation Time on each business
day. The Evaluation Time is the close of the New York Stock Exchange on each
Trust business day. Orders received by the Trustee or Sponsor for purchases,
sales or redemptions after that time, or on a day which is not a business day,
will be held until the next determination of price. The term "business day", as
used herein and under "Rights of Unitholders--Redemption of Units", excludes
Saturdays, Sundays and holidays observed by the New York Stock Exchange.
   The aggregate underlying value of the Securities during the initial offering
period is determined on each business day by the Evaluator in the following
manner: If the Securities are listed on a national or foreign securities
exchange, this evaluation is generally based on the closing sale prices on that
exchange (unless it is determined that these prices are inappropriate as a basis
for valuation) or, if there is no closing sale price on that exchange, at the
closing ask prices. If the Securities are not listed on a national or foreign
securities exchange or, if so listed and the principal market therefor is other
than on the exchange, the evaluation shall generally be based on the current ask
price on the over-the-counter market (unless it is determined that these prices
are inappropriate as a basis for evaluation). If current ask prices are
unavailable, the evaluation is generally determined (a) on the basis of current
ask prices for comparable securities, (b) by appraising the value of the
Securities on the ask side of the market or (c) by any combination of the above.
The value of any foreign securities is based on the applicable currency exchange
rate in U.S. dollars as of the Evaluation Time. The value of the Securities for
purposes of secondary market transactions and redemptions is described under
"Rights of Unitholders--Redemption of Units".
   In offering the Units to the public, neither the Sponsor nor any
broker-dealers are recommending any of the individual Securities but rather the
entire pool of Securities, taken as a whole, which are represented by the Units.
   Unit Distribution. Units will be distributed to the public by the Sponsor,
broker-dealers and others at the Public Offering Price. Units repurchased in the
secondary market, if any, may be offered by this Prospectus at the secondary
market Public Offering Price in the manner described above.
   The Sponsor intends to qualify Units for sale in a number of states. Brokers,
dealers and others will be allowed a concession or agency commission in
connection with the distribution of Units during the initial offering period as
described below.

       Aggregate                           Concession
     Dollar Amount                         or Agency
  of Units Distributed*                    Commission
  ---------------------                    ----------
       Up to $49,999                          3.50%
   $50,000 - $99,999                          3.25
  $100,000 - $249,999                         3.00
  $250,000 - $499,999                         2.75
  $500,000 - $999,999                         2.25
   $1,000,000 or more                         1.75

- ---------------
*The breakpoint concessions or agency commissions are also applied on a Unit
basis using a breakpoint equivalent of $10 per Unit and will be applied on
whichever basis is more favorable to the distributor.

   Any discount provided to investors will be borne by the selling dealer or
agent as indicated under "General" above. For transactions involving unitholders
of other Van Kampen unit investment trusts who use their redemption or
termination proceeds to purchase Units of a Trust offered in this prospectus,
the total concession or agency commission will amount to 2.50% per Unit. For all
secondary market transactions the total concession or agency commission will
amount to 70% of the applicable sales charge. Notwithstanding anything to the
contrary herein, in no case shall the total of any concessions, agency
commissions and any additional compensation allowed or paid to any broker,
dealer or other distributor of Units with respect to any individual transaction
exceed the total sales charge applicable to such transaction. The Sponsor
reserves the right to reject, in whole or in part, any order for the purchase of
Units and to change the amount of the concession or agency commission to dealers
and others from time to time.
   Broker-dealers of your Trust, banks and/or others may be eligible to
participate in a program in which such firms receive from the Sponsor a nominal
award for each of their representatives who have sold a minimum number of units
of unit investment trusts created by the Sponsor during a specified time period.
In addition, at various times the Sponsor may implement other programs under
which the sales forces of brokers, dealers, banks and/or others may be eligible
to win other nominal awards for certain sales efforts, or under which the
Sponsor will reallow to such brokers, dealers, banks and/or others that sponsor
sales contests or recognition programs conforming to criteria established by the
Sponsor, or participate in sales programs sponsored by the Sponsor, an amount
not exceeding the total applicable sales charges on the sales generated by such
persons at the public offering price during such programs. Also, the Sponsor in
its discretion may from time to time pursuant to objective criteria established
by the Sponsor pay fees to qualifying entities for certain services or
activities which are primarily intended to result in sales of Units of your
Trust. Such payments are made by the Sponsor out of its own assets, and not out
of the assets of your Trust. These programs will not change the price
Unitholders pay for their Units or the amount that your Trust will receive from
the Units sold.
   Sponsor and Underwriter Compensation. The Underwriter will receive a gross
sales commission equal to the total sales charge applicable to each transaction.
The Sponsor will receive from the Underwriter the difference between the gross
sales commission and 3.50% of the public offering price per Unit. The Sponsor
will also pay the Underwriter an additional volume concession or agency
commission for Units sold during the initial offering period as shown in the
following table. The Sponsor will aggregate all Units sold from both Trusts in
the initial offering period to determine the volume concession levels below. The
Sponsor will pay these amounts out of its own assets at the end of the initial
offerong period.

                                             Volume
       Aggregate                           Concession
    Amount of Units                        or Agency
       Distributed                         Commission
- -------------------------                  ----------
$18,000,000 - $24,999,999                     0.05%
$25,000,000 - $34,999,999                     0.10
  $35,000,000 or more                         0.15

   Any sales charge discount provided to investors will be borne by the selling
dealer or agent. In addition, the Sponsor will realize a profit or loss as a
result of the difference between the price paid for the Securities by the
Sponsor and the cost of the Securities to your Trust on the Initial Date of
Deposit as well as on subsequent deposits. See "Notes to Portfolios". The
Sponsor has not participated as sole underwriter or as manager or as a member of
the underwriting syndicates or as an agent in a private placement for any of the
Securities. The Sponsor or Underwriter may realize profit or loss as a result of
the possible fluctuations in the market value of the Securities, since all
proceeds received from purchasers of Units are retained by the Sponsor or
Underwriter. In maintaining a secondary market, the Underwriter will realize
profits or losses in the amount of any difference between the price at which
Units are purchased and the price at which Units are resold (which price
includes the applicable sales charge) or from a redemption of repurchased Units
at a price above or below the purchase price. Cash, if any, made available to
the Sponsor or Underwriter prior to the date of settlement for the purchase of
Units may be used in the Sponsor's or Underwriter's business and may be deemed
to be a benefit to the Sponsor, subject to the limitations of the Securities
Exchange Act of 1934.
   An affilliate of the Sponsor may have participated in a public offering of
one or more of the Securities. The Sponsor, an affiliate or their employees may
have a long or short position in these Securities. An affiliate may act as a
specialist or market marker for these Securities. An officer, director or
employee of the Sponsor or an affiliate may be an officer or director for
issuers of the Securities.
   Market for Units. Although it is not obligated to do so, the Underwriter or
Sponsor may maintain a market for Units and to purchase Units at the secondary
market repurchase price (which is described under "Right of
Unitholders--Redemption of Units"). The Underwriter or Sponsor may discontinue
purchases of Units or discontinue purchases at this price at any time. In the
event that a secondary market is not maintained, a Unitholder will be able to
dispose of Units by tendering them to the Trustee for redemption at the
Redemption Price.
   See "Rights of Unitholders--Redemption of Units". Unitholders should
contact their broker to determine the best price for Units in the secondary
market. Units sold prior to the time the entire deferred sales charge has been
collected will be assessed the amount of any remaining deferred sales charge at
the time of sale. The Trustee will notify the Underwriter and Sponsor of any
tendered of Units for redemption. If the Underwriter's or Sponsor's bid in the
secondary market equals or exceeds the Redemption Price per Unit, it may
purchase the Units not later than the day on which Units would have been
redeemed by the Trustee. The Underwriter or Sponsor may sell repurchased Units
at the secondary market Public Offering Price per Unit.

RETIREMENT ACCOUNTS
- --------------------------------------------------------------------------------

   Units are available for purchase in connection with certain types of
tax-sheltered retirement plans, including Individual Retirement Accounts for the
individuals, Simplified Employee Pension Plans for employees, qualified plans
for self-employed individuals, and qualified corporate pension and profit
sharing plans for employees. The purchase of Units may be limited by the plans'
provisions and does not itself establish such plans.

RIGHTS OF UNITHOLDERS
- --------------------------------------------------------------------------------

   Distributions. Dividends and any net proceeds from the sale of Securities
received by your Trust will generally be distributed to Unitholders on each
Distribution Date to Unitholders of record on the preceding Record Date. These
dates appear under "Summary of Essential Financial Information". A person
becomes a Unitholder of record on the date of settlement (generally three
business days after Units are ordered). Unitholders may elect to receive
distributions in cash or to have distributions reinvested into additional Units.
You may also reinvest distributions in certain Van Kampen mutual funds. See
"Rights of Unitholders--Reinvestment Option".
   Dividends received by your Trust are credited to the Income Account of the
Trust. Other receipts (e.g., capital gains, proceeds from the sale of
Securities, etc.) are credited to the Capital Account. Proceeds received on the
sale of any Securities, to the extent not used to meet redemptions of Units or
pay deferred sales charges, fees or expenses, will be distributed to
Unitholders. Proceeds received from the disposition of any Securities after a
record date and prior to the following distribution date will be held in the
Capital Account and not distributed until the next distribution date. Any
distribution to Unitholders consists of each Unitholder's pro rata share of the
available cash in the Income and Capital Accounts as of the related Record Date.
   Reinvestment Option. Unitholders may have distributions automatically
reinvested in additional Units under the Automatic Reinvestment Option (to the
extent Units may be lawfully offered for sale in the state in which the
Unitholder resides) through two options. Brokers or dealers can use the Dividend
Reinvestment Service through Depository Trust Company or purchase the Automatic
Reinvestment Option CUSIP. Unitholders will be subject to the remaining deferred
sales charge payments due on Units. To participate in this reinvestment option,
a Unitholder must file with the Trustee a written notice of election, together
with any certificate representing Units and other documentation that the Trustee
may then require, at least five days prior to the related Record Date. A
Unitholder's election will apply to all Units owned by the Unitholder and will
remain in effect until changed by the Unitholder. If Units are unavailable for
reinvestment, distributions will be paid in cash. Purchases of additional Units
made pursuant to the reinvestment plan will be made at the net asset value for
Units as of the Evaluation Time on the Distribution Date.
   In addition, under the Guaranteed Reinvestment Option Unithholders may elect
to have distributions automatically reinvested in certain Van Kampen mutual
funds (the "Reinvestment Funds"). Each Reinvestment Fund has investment
objectives which differ from those of your Trust. The prospectus relating to
each Reinvestment Fund describes its investment policies and how to begin
reinvestment. A Unitholder may obtain a prospectus for the Reinvestment Funds
from the Sponsor. Purchases of shares of a Reinvestment Fund will be made at a
net asset value computed on the Distribution Date. Unitholders with an existing
Guaranteed Reinvestment Option account (whereby a sales charge is imposed on
distribution reinvestments) may transfer their existing account into a new
account which allows purchases of Reinvestment Fund shares at net asset value.
   A participant may elect to terminate his or her reinvestment plan and receive
future distributions in cash by notifying the Trustee in writing no later than
five days before a distribution date. The Sponsor, each Reinvestment Fund, and
its investment adviser shall have the right to suspend or terminate these
reinvestment plans at any time.
   Redemption of Units. A Unitholder may redeem all or a portion of his Units by
tender to the Trustee at its Unit Investment Trust Division, 101 Barclay Street,
20th Floor, New York, New York 10286. Certificates must be tendered to the
Trustee, duly endorsed or accompanied by proper instruments of transfer with
signature guaranteed (or by providing satisfactory indemnity in connection with
lost, stolen or destroyed certificates) and by payment of applicable
governmental charges, if any. On the seventh day following the tender, the
Unitholder will be entitled to receive in cash an amount for each Unit equal to
the Redemption Price per Unit next computed on the date of tender. The "date of
tender" is deemed to be the date on which Units are received by the Trustee,
except that with respect to Units received by the Trustee after the Evaluation
Time or on a day which is not a Trust business day, the date of tender is deemed
to be the next business day.
   The Trustee may sell Securities to satisfy Unit redemptions. To the extent
that Securities are sold, the size of the Trust will be, and the diversity of
your Trust may be, reduced. Sales may be required at a time when Securities
would not otherwise be sold and may result in lower prices than might otherwise
be realized. The price received upon redemption may be more or less than the
amount paid by the Unitholder depending on the value of the Securities at the
time of redemption.
   The Redemption Price per Unit and the secondary market repurchase price per
Unit are equal to the pro rata share of each Unit in your Trust determined on
the basis of (i) the cash on hand in the Trust, (ii) the value of the Securities
in the Trust and (iii) dividends receivable on the Securities in the Trust
trading ex-dividend as of the date of computation, less (a) amounts representing
taxes or other governmental charges payable out of the Trust and (b) the accrued
expenses and sales charges of the Trust. During the initial offering period, the
redemption price and the secondary market repurchase price will also include
estimated organizational costs. For these purposes, the Evaluator may determine
the value of the Securities in the following manner: If the Securities are
listed on a national or foreign securities exchange, this evaluation is
generally based on the closing sale prices on that exchange (unless it is
determined that these prices are inappropriate as a basis for valuation) or, if
there is no closing sale price on that exchange, at the closing bid prices. If
the Securities are not so listed or, if so listed and the principal market
therefor is other than on the exchange, the evaluation may be based on the
current bid price on the over-the-counter market. If current bid prices are
unavailable or inappropriate, the evaluation may be determined (a) on the basis
of current bid prices for comparable securities, (b) by appraising the
Securities on the bid side of the market or (c) by any combination of the above.
The value of any foreign securities is based on the applicable currency exchange
rate in U.S. dollars as of the Evaluation Time.
   The right of redemption may be suspended and payment postponed for any period
during which the New York Stock Exchange is closed, other than for customary
weekend and holiday closings, or any period during which the SEC determines that
trading on that Exchange is restricted or an emergency exists, as a result of
which disposal or evaluation of the Securities is not reasonably practicable, or
for other periods as the SEC may permit.
   Certificates. Ownership of Units is evidenced in book entry form unless a
Unitholder makes a written request to the Trustee that ownership be in
certificate form. Units are transferable by making a written request to the
Trustee and, in the case of Units in certificate form, by presentation of the
certificate to the Trustee properly endorsed or accompanied by a written
instrument or instruments of transfer. A Unitholder must sign the written
request, and certificate or transfer instrument, exactly as his name appears on
the records of the Trustee and on the face of any certificate with the signature
guaranteed by a participant in the Securities Transfer Agents Medallion Program
("STAMP") or a signature guarantee program accepted by the Trustee. In certain
instances the Trustee may require additional documents such as, but not limited
to, trust instruments, certificates of death, appointments as executor or
administrator or certificates of corporate authority. Fractional certificates
will not be issued. The Trustee may require a Unitholder to pay a reasonable fee
for each certificate reissued or transferred and to pay any governmental charge
that may be imposed in connection with each transfer or interchange. Destroyed,
stolen, mutilated or lost certificates will be replaced upon delivery to the
Trustee of satisfactory indemnity, evidence of ownership and payment of expenses
incurred. Mutilated certificates must be surrendered to the Trustee for
replacement.
   Reports Provided. Unitholders will receive a statement of dividends and
other amounts received by your Trust for each distribution. Within a reasonable
time after the end of each year, each person who was a Unitholder during that
year will receive a statement describing dividends and capital received, actual
Trust distributions, Trust expenses, a list of the Securities and other Trust
information. Unitholders may obtain the Evaluator's evaluations of the
Securities upon request.

TRUST ADMINISTRATION
- --------------------------------------------------------------------------------

   Portfolio Administration. Your Trust is not a managed fund and, except as
provided in the Trust Agreement, Securities generally will not be sold or
replaced. The Sponsor may, however, direct that Securities be sold in certain
limited circumstances to protect your Trust based on advice from the Supervisor.
These situations may include events such as the issuer having defaulted on
payment of any of its outstanding obligations or the price of a Security has
declined to such an extent or other credit factors exist so that in the opinion
of the Sponsor retention of the Security would be detrimental to your Trust. In
addition, the Trustee may sell Securities to redeem Units or pay Trust expenses
or deferred sales charges. The Trustee must reject any offer for securities or
property in exchange for the Securities. If securities or property are
nonetheless acquired by your Trust, the Sponsor may direct the Trustee to sell
the securities or property and distribute the proceeds to Unitholders or to
accept the securities or property for deposit in the Trust. Should any contract
for the purchase of any of the Securities fail, the Sponsor will (unless
substantially all of the moneys held in your Trust to cover the purchase are
reinvested in substitute Securities in accordance with the Trust Agreement)
refund the cash and sales charge attributable to the failed contract to all
Unitholders on or before the next distribution date.
   When your Trust sells Securities the composition and diversity of the
Securities in your Trust may be altered. In order to obtain the best price for
your Trust, it may be necessary for the Supervisor to specify minimum amounts
(generally 100 shares) in which blocks of Securities are to be sold. In
effecting purchases and sales of your Trust's portfolio securities, the Sponsor
may direct that orders be placed with and brokerage commissions be paid to
brokers, including brokers which may be affiliated with the Trust, the Sponsor
or dealers participating in the offering of Units. In addition, in selecting
among firms to handle a particular transaction, the Sponsor may take into
account whether the firm has sold or is selling units of unit investment trusts
which it sponsors.
   Amendment of the Trust Agreement. The Trustee and the Sponsor may amend the
Trust Agreement without the consent of Unitholders to correct any provision
which may be defective or to make other provisions that will not adversely
affect Unitholders (as determined in good faith by the Sponsor and the Trustee).
The Trust Agreement may not be amended to increase the number of Units or permit
acquisition of securities in addition to or substitution for the Securities
(except as provided in the Trust Agreement). The Trustee will notify Unitholders
of any amendment.
   Termination. Your Trust will terminate on the Mandatory Termination Date or
upon the sale or other disposition of the last Security held in the Trust. Your
Trust may be terminated at any time with consent of Unitholders representing
two-thirds of the outstanding Units or by the Trustee when the value of the
Trust is less than $500,000 ($3,000,000 if the value of the Trust has exceeded
$15,000,000) (the "Minimum Termination Value"). Unitholders will be notified of
any termination. The Trustee may begin to sell Securities in connection with a
Trust termination during a period beginning nine business days before, and no
later than, the Mandatory Termination Date. Approximately thirty days before
this date, the Trustee will notify Unitholders of the termination and provide a
form enabling qualified Unitholders who own at least 1,000 Units to elect an in
kind distribution of Securities. An in kind distribution will be made by the
Trustee through the distribution of each of the Securities in book-entry form to
the account of the Unitholder's broker-dealer at Depository Trust Company.
Amounts representing fractional shares will be distributed in cash. The Trustee
may adjust the number of shares of any Security included in a Unitholder's in
kind distribution to facilitate the distribution of whole shares. This form must
be returned at least five business days prior to the Mandatory Termination Date.
Unitholders will receive a final cash distribution within a reasonable time
after the Mandatory Termination Date. All distributions will be net of Trust
expenses and costs. Unitholders will receive a final distribution statement
following termination. The Information Supplement contains further information
regarding termination of your Trust. See "Additional Information".
   Limitations on Liabilities. The Sponsor, Evaluator, Supervisor and Trustee
are under no liability for taking any action or for refraining from taking any
action in good faith pursuant to the Trust Agreement, or for errors in judgment,
but shall be liable only for their own willful misfeasance, bad faith or gross
negligence (negligence in the case of the Trustee) in the performance of their
duties or by reason of their reckless disregard of their obligations and duties
hereunder. The Trustee is not be liable for depreciation or loss incurred by
reason of the sale by the Trustee of any of the Securities. In the event of the
failure of the Sponsor to act under the Trust Agreement, the Trustee may act
thereunder and is not be liable for any action taken by it in good faith under
the Trust Agreement. The Trustee is not liable for any taxes or other
governmental charges imposed on the Securities, on it as Trustee under the Trust
Agreement or on your Trust which the Trustee may be required to pay under any
present or future law of the United States of America or of any other taxing
authority having jurisdiction. In addition, the Trust Agreement contains other
customary provisions limiting the liability of the Trustee. The Trustee, Sponsor
and Supervisor may rely on any evaluation furnished by the Evaluator and have no
responsibility for the accuracy thereof. Determinations by the Evaluator shall
be made in good faith upon the basis of the best information available to it.
   Sponsor. Van Kampen Funds Inc., a Delaware corporation, is the Sponsor of
your Trust. The Sponsor is an indirect subsidiary of Morgan Stanley Dean Witter
& Co. Van Kampen Funds Inc. specializes in the underwriting and distribution of
unit investment trusts and mutual funds with roots in money management dating
back to 1926. The Sponsor is a member of the National Association of Securities
Dealers, Inc. and has offices at One Parkview Plaza, Oakbrook Terrace, Illinois
60181, (630) 684-6000 and 2800 Post Oak Boulevard, Houston, Texas 77056, (713)
993-0500. As of November 30, 1998, the total stockholders' equity of Van Kampen
Funds Inc. was $135,236,000 (audited). The Information Supplement contains
additional information about the Sponsor.
   If the Sponsor shall fail to perform any of its duties under the Trust
Agreement or become incapable of acting or shall become bankrupt or its affairs
are taken over by public authorities, then the Trustee may (i) appoint a
successor Sponsor at rates of compensation deemed by the Trustee to be
reasonable and not exceeding amounts prescribed by the Securities and Exchange
Commission, (ii) terminate the Trust Agreement and liquidate your Trust as
provided therein or (iii) continue to act as Trustee without terminating the
Trust Agreement.
   Trustee. The Trustee is The Bank of New York, a trust company organized under
the laws of New York. The Bank of New York has its unit investment trust
division offices at 101 Barclay Street, New York, New York 10286 (800) 221-7668.
The Bank of New York is subject to supervision and examination by the
Superintendent of Banks of the State of New York and the Board of Governors of
the Federal Reserve System, and its deposits are insured by the Federal Deposit
Insurance Corporation to the extent permitted by law. Additional information
regarding the Trustee is set forth in the Information Supplement, including the
Trustee's qualifications and duties, its ability to resign, the effect of a
merger involving the Trustee and the Sponsor's ability to remove and replace the
Trustee. See "Additional Information".
   Performance Information. We may from time to time in advertising and sales
materials compare the current returns on the Trust and returns over specified
time periods on other similar trusts (which may show performance net of expenses
and charges which your Trust would have charged) with returns on other
investments such as the common stocks comprising the Dow Jones Industrial
Average, the S&P 500, other investment indices, corporate or U.S. government
bonds, bank CDs, money market accounts or money market funds, or with
performance data from Lipper Analytical Services, Inc., Morningstar
Publications, Inc. or various publications, each of which has characteristics
that may differ from those of your Trust. Information on percentage changes in
the dollar value of Units may be included from time to time in advertisements,
sales literature, reports and other information furnished to current or
prospective Unitholders. Total return figures may not be averaged and may not
reflect deduction of the sales charge, which would decrease return. No provision
is made for any income taxes payable. Past performance may not be indicative of
future results. Your Trust portfolio is not managed and Unit price and return
fluctuate with the value of common stocks in the portfolio, so there may be a
gain or loss when Units are sold. As with other performance data, performance
comparisons should not be considered representative of your Trust's relative
performance for any future period.

TAXATION
- --------------------------------------------------------------------------------

   General. The following is a general discussion of certain of the federal
income tax consequences of the purchase, ownership and disposition of the Units.
The summary is limited to investors who hold the Units as "capital assets"
(generally, property held for investment) within the meaning of Section 1221 of
the Internal Revenue Code of 1986, as amended (the "Code"). Unitholders should
consult their tax advisers in determining the federal, state, local and any
other tax consequences of the purchase, ownership and disposition of Units in
your Trust.
   For purposes of the following discussion and opinions, it is assumed that
   each Security is equity for federal income tax purposes. In the opinion of
   Chapman and Cutler, special counsel for the Sponsor, under existing law:
   1. The Trust is not an association taxable as a
corporation for federal income tax purposes; each Unitholder will be treated as
the owner of a pro rata portion of each of the assets of the Trust under the
Code; and the income of the Trust will be treated as income of the Unitholders
thereof under the Code. Each Unitholder will be considered to have received his
pro rata share of income derived from each Security when such income is
considered to be received by the Trust.
   2. A Unitholder will be considered to have received all of the dividends paid
on his or her pro rata portion of each Security when such dividends are
considered to be received by the Trust. Unitholders will be taxed in this manner
regardless of whether distributions from the Trust are actually received by the
Unitholder or are considered to be automatically reinvested (see "Rights of
Unitholders--Reinvestment Option").
   3. Each Unitholder will have a taxable event when the Trust disposes of a
Security (whether by sale, exchange, liquidation, redemption, or otherwise) or
upon the sale or redemption of Units by such Unitholder (except to the extent an
in kind distribution of stock is received by such Unitholder from the Trust as
described below). The price a Unitholder pays for his Units, generally including
sales charges, is allocated among his pro rata portion of each Security held by
the Trust (in proportion to the fair market values thereof on the valuation date
closest to the date the Unitholder purchases his Units) in order to determine
his initial tax basis for his pro rata portion of each Security held by the
Trust. Unitholders should consult their own tax advisers with regard to the
calculation of basis. For federal income tax purposes, a Unitholder's pro rata
portion of the dividends, as defined by Section 316 of the Code, paid by a
corporation with respect to a Security held by the Trust is taxable as ordinary
income to the extent of such corporation's current and accumulated "earnings and
profits". A Unitholder's pro rata portion of dividends paid on such Security
which exceed such current and accumulated earnings and profits will first reduce
a Unitholder's tax basis in such Security, and to the extent that such dividends
exceed a Unitholder's tax basis in such Security shall generally be treated as
capital gain. In general, the holding period for such capital gain will be
determined by the period of time a Unitholder has held his Units.
   4. A Unitholder's portion of gain, if any, upon the sale or redemption of
Units or the disposition of Securities held by the Trust will generally be
considered a capital gain (except in the case of a dealer or a financial
institution). A Unitholder's portion of loss, if any, upon the sale or
redemption of Units or the disposition of Securities held by the Trust will
generally be considered a capital loss (except in the case of a dealer or a
financial institution). Unitholders should consult their tax advisers regarding
the recognition of gains and losses for federal income tax purposes.
   Dividends Received Deduction. A corporation that owns Units will generally be
entitled to a 70% dividends received deduction with respect to such Unitholder's
pro rata portion of dividends received by the Trust (to the extent such
dividends are taxable as ordinary income, as discussed above, and are
attributable to domestic corporations) in the same manner as if such corporation
directly owned the Securities paying such dividends (other than corporate
Unitholders, such as "S" corporations, which are not eligible for the deduction
because of their special characteristics and other than for purposes of special
taxes such as the accumulated earnings tax and the personal holding corporation
tax). However, a corporation owning Units should be aware that Sections 246 and
246A of the Code impose additional limitations on the eligibility of dividends
for the 70% dividends received deduction. These limitations include a
requirement that stock (and therefore Units) must generally be held at least 46
days (as determined under Section 246(c) of the Code). Regulations have been
issued which address special rules that must be considered in determining
whether the 46 day holding period requirement is met. Moreover, the allowable
percentage of the deduction will be reduced from 70% if a corporate Unitholder
owns certain stock (or Units) the financing of which is directly attributable to
indebtedness incurred by such corporation. Unitholders should consult with their
tax advisers with respect to the limitations on and possible modifications to
the dividends received deduction.
   Deferred Sales Charge. Generally, the tax basis of a Unitholder includes
sales charges, and such charges are not deductible. A portion of the sales
charge for the Trust is deferred. The income a Unitholder must take into account
for federal income tax purposes is not reduced by amounts deducted to pay the
deferred sales charge. Unitholders should consult their own tax advisors as to
the income tax consequences of the deferred sales charge.
   Limitations on Deductibility of Trust Expenses by Unitholders. Each
Unitholder's pro rata share of each expense paid by the Trust is deductible by
the Unitholder to the same extent as though the expense had been paid directly
by him. It should be noted that as a result of the Tax Reform Act of 1986,
certain miscellaneous itemized deductions, such as investment expenses, tax
return preparation fees and employee business expenses will be deductible by an
individual only to the extent they exceed 2% of such individual's adjusted gross
income. Unitholders may be required to treat some or all of the expenses of a
Trust as miscellaneous itemized deductions subject to this limitation.
   Recognition of Taxable Gain or Loss Upon Disposition of Securities by the
Trust or Disposition of Units. As discussed above, a Unitholder may recognize
taxable gain (or loss) when a Security is disposed of by the Trust or if the
Unitholder disposes of a Unit. The Internal Revenue Service Restructuring and
Reform Act of 1998 (the "1998 Tax Act") provides that for tax-payers other than
corporations, net capital gain (which is defined as net long-term capital gain
over net short-term capital loss for the taxable year) realized from property
(with certain exclusions) is subject to a maximum marginal stated tax rate of
20% (10% in the case of certain taxpayers in the lowest tax bracket). Capital
gain or loss is long-term if the holding period for the asset is more than one
year, and is short-term if the holding period for the asset is one year or less.
The date on which a Unit is acquired (i.e., the "trade date") is excluded for
purposes for determining the holding period of the Unit. Capital gains realized
from assets held for one year or less are taxed at the same rates as ordinary
income.
   In addition, please note that capital gains may be recharacterized as
ordinary income in the case of certain financial transactions that are
considered "conversion transactions" effective for transactions entered into
after April 30, 1993. Unitholders and prospective investors should consult with
their tax advisers regarding the potential effect of this provision on their
investment in Units.
   If a Unitholder disposes of a Unit he is deemed thereby to have disposed of
his entire pro rata interest in all assets of the Trust including his pro rata
portion of all Securities represented by a Unit. The Taxpayer Relief Act of 1997
(the "1997 Tax Act") includes provisions that treat certain transactions
designed to reduce or eliminate risk of loss and opportunities for gain (e.g.,
short sales, offsetting notional principal contracts, futures or forward
contracts, or similar transactions) as constructive sales for purposes of
recognition of gain (but not loss) and for purposes of determining the holding
period. Unitholders should consult their own tax advisers with regard to any
such constructive sales rules.
   Special Tax Consequences of In Kind Distributions Upon Termination of the
Trust. A Unitholder may under certain circumstances request an in kind
distribution of the Securities in the Trust upon the termination of the Trust.
The Unitholder requesting an in kind distribution will be liable for expenses
related thereto (the "Distribution Expenses") and the amount of such in kind
distribution will be reduced by the amount of the Distribution Expenses. As
previously discussed, prior to the termination of the Trust, a Unitholder is
considered as owning a pro rata portion of each of the Trustassets for federal
income tax purposes. The receipt of an in kind distribution will result in a
Unitholder receiving an undivided interest in whole shares of stock plus,
possibly, cash.
   The potential tax consequences that may occur under an in kind distribution
with respect to each Security owned by the Trust will depend on whether or not a
Unitholder receives cash in addition to Securities. A "Security" for this
purpose is a particular class of stock issued by a particular corporation. A
Unitholder will not recognize gain or loss if a Unitholder only receives
Securities in exchange for his or her pro rata portion in the Securities held by
the Trust. However, if a Unitholder also receives cash in exchange for a
fractional share of a Security held by the Trust, such Unitholder will generally
recognize gain or loss based upon the difference between the amount of cash
received by the Unitholder and his tax basis in such fractional share of a
Security held by the Trust.
   Because the Trust will own many Securities, a Unitholder who requests an in
kind distribution will have to analyze the tax consequences with respect to each
Security owned by the Trust. The amount of taxable gain (or loss) recognized
upon such exchange will generally equal the sum of the gain (or loss) recognized
under the rules described above by such Unitholder with respect to each Security
owned by the Trust. Unitholders who request an in kind distribution are advised
to consult their tax advisers in this regard.
   Computation of the Unitholder's Tax Basis. Initially, a Unitholder's tax
basis in his Units will generally equal the price paid by such Unitholder for
his Units. The cost of the Units is allocated among the Securities held in the
Trust in accordance with the proportion of the fair market values of such
Securities on the valuation date nearest the date the Units are purchased in
order to determine such Unitholder's tax basis for his pro rata portion of each
Security.
   A Unitholder's tax basis in his Units and his pro rata portion of a Security
held by the Trust will be reduced to the extent dividends paid with respect to
such Security are received by the Trust which are not taxable as ordinary income
as described above.
   Other Matters. Each Unitholder will be requested to provide the Unitholder's
taxpayer identification number to the Trustee and to certify that the Unitholder
has not been notified that payments to the Unitholder are subject to back-up
withholding. If the proper taxpayer identification number and appropriate
certification are not provided when requested, distributions by the Trust to
such Unitholder (including amounts received upon the redemption of Units) will
be subject to back-up withholding. Distributions by the Trust will generally be
subject to United States income taxation and withholding in the case of Units
held by non-resident alien individuals, foreign corporations or other non-United
States persons. Such persons should consult their tax advisers.
   At the termination of the Trust, the Trustee will furnish to each Unitholder
of the Trust a statement containing information relating to the dividends
received by the Trust on the Securities, the gross proceeds received by the
Trust from the disposition of any Security (resulting from redemption or the
sale of any Security), and the fees and expenses paid by the Trust. The Trustee
will also furnish annual information returns to Unitholders and to the Internal
Revenue Service.
   Unitholders desiring to purchase Units for tax-deferred plans and IRAs should
consult their broker-dealers for details on establishing such accounts. Units
may also be purchased by persons who already have self-directed plans
established.
   In the opinion of special counsel for New York tax matters, the Trust is not
an association taxable as a corporation and the income of the Trust will be
treated as the income of the Unitholders under the existing income tax laws of
the State and City of New York.
   The foregoing discussion relates only to the tax treatment of U.S.
Unitholders ("U.S. Unitholders") with regard to federal and certain aspects of
New York State and City income taxes. Unitholders may be subject to taxation in
New York or in other jurisdictions and should consult their own tax advisers in
this regard. As used herein, the term "U.S. Unitholder" means an owner of a Unit
in the Trust that (a) is (i) for United States federal income tax purposes a
citizen or resident of the United States, (ii) a corporation, partnership or
other entity created or organized in or under the laws of the United States or
of any political subdivision thereof, or (iii) an estate or trust the income of
which is subject to United States federal income taxation regardless of its
source or (b) does not qualify as a U.S. Unitholder in paragraph (a) but whose
income from a Unit is effectively connected with such Unitholder's conduct of a
United States trade or business. The term also includes certain former citizens
of the United States whose income and gain on the Units will be taxable.
Unitholders should consult their tax advisers regarding potential foreign, state
or local taxation with respect to the Units.

TRUST OPERATING EXPENSES
- --------------------------------------------------------------------------------

   Compensation of Sponsor, Supervisor and Evaluator. The Sponsor will not
receive any fees in connection with its activities relating to your Trust.
However, the Evaluator, which is an affiliate of the Sponsor, will receive the
annual fee for evaluation services set forth in the "Fee Table". The Supervisor,
which is also an affiliate of the Sponsor, will receive the annual fee described
in the "Fee Table" for portfolio supervisory services for your Trust. These fees
may exceed the actual costs of providing these services to your Trust but at no
time will the total amount received for supervisory and evaluation services
rendered to all Van Kampen unit investment trusts in any calendar year exceed
the aggregate cost of providing these services in that year.
   Trustee's Fee. For its services the Trustee will receive the fee from your
Trust set forth in the "Fee Table" (which includes the estimated amount of
miscellaneous Trust expenses). The Trustee benefits to the extent there are
funds in the Capital and Income Accounts since these Accounts are non-interest
bearing to Unitholders and the amounts earned by the Trustee are retained by the
Trustee. Part of the Trustee's compensation for its services to your Trust is
expected to result from the use of these funds.
   Miscellaneous Expenses. The following additional charges are or may be
incurred by your Trust: (a) normal expenses (including the cost of mailing
reports to Unitholders) incurred in connection with the operation of the Trust,
(b) fees of the Trustee for extraordinary services, (c) expenses of the Trustee
(including legal and auditing expenses) and of counsel designated by the
Sponsor, (d) various governmental charges, (e) expenses and costs of any action
taken by the Trustee to protect the Trust and the rights and interests of
Unitholders, (f) indemnification of the Trustee for any loss, liability or
expenses incurred in the administration of the Trust without negligence, bad
faith or wilful misconduct on its part, (g) foreign custodial and transaction
fees, (h) costs associated with liquidating the securities held in the Trust
portfolio, (i) any offering costs incurred after the end of the initial offering
period and (j) expenditures incurred in contacting Unitholders upon termination
of the Trust. Your Trust may pay the costs of updating its registration
statement each year. Unit investment trust sponsors have historically paid these
costs.
   General. The deferred sales charge, fees and expenses are generally paid out
of the Capital Account. When these amounts are paid by or owing to the Trustee,
they are secured by a lien on your Trust's portfolio. It is expected that
Securities will be sold to pay these amounts which will result in capital gains
or losses to Unitholders. See "Taxation". The Supervisor's, Evaluator's and
Trustee's fees may be increased without approval of the Unitholders by amounts
not exceeding proportionate increases under the category "All Services Less Rent
of Shelter" in the Consumer Price Index or, if this category is not published,
in a comparable category.

OTHER MATTERS
- --------------------------------------------------------------------------------

   Legal Opinions. The legality of the Units offered hereby has been passed upon
by Chapman and Cutler, 111 West Monroe Street, Chicago, Illinois 60603, as
counsel for the Sponsor. Winston & Strawn has acted as counsel to the Trustee
and as special counsel for New York tax matters.
   Independent Certified Public Accountants. The statements of condition and the
related portfolios included in this Prospectus have been audited by Grant
Thornton LLP, independent certified public accountants, as set forth in their
report in this Prospectus, and are included herein in reliance upon the
authority of said firm as experts in accounting and auditing.

ADDITIONAL INFORMATION
- --------------------------------------------------------------------------------

   This Prospectus does not contain all the information set forth in the
Registration Statement filed by your Trust with the SEC. The Information
Supplement, which has been filed with the SEC, includes more detailed
information concerning the Securities, investment risks and general information
about your Trust. The Information Supplement may be obtained by contacting the
Trustee at (800) 856-8487 or is available along with other related materials at
the SEC's internet site (http://www.sec.gov).

TABLE OF CONTENTS
- --------------------------------------------------------------------------------
        Title                                    Page
        -----                                    ----
   Summary of Essential Financial Information..     2
   Fee Table...................................     3
   Great American Equities Trust...............     4
   Great American Value Trust..................     6
   Notes to Portfolios.........................     8
   The Securities..............................     9
   Report of Independent Certified
      Public Accountants.......................    14
   Statements of Condition ....................    15
   The Trusts..................................   A-1
   Objectives and Securities Selection.........   A-1
   Risk Factors................................   A-2
   Public Offering.............................   A-4
   Retirement Accounts.........................   A-7
   Wrap Fee and Advisory Accounts..............   A-7
   Rights of Unitholders.......................   A-8
   Trust Administration........................  A-10
   Taxation....................................  A-12
   Trust Operating Expenses....................  A-15
   Other Matters...............................  A-16
   Additional Information......................  A-16



                                   PROSPECTUS



- --------------------------------------------------------------------------------
                                December 7, 1999




                         Great American Equities Trust,
                                    Series 3

                           Great American Value Trust,
                                    Series 1











                            NatCity Investments, Inc.



                              1965 East 6th Street
                              Cleveland, Ohio 44114
                                  888-4NATCITY
                                 (888-462-8289)


              Please retain this prospectus for future reference.




                             Information Supplement
                     Van Kampen Focus Portfolios, Series 190


- --------------------------------------------------------------------------------

     This Information Supplement provides additional information concerning the
risks and operations of the Trusts which is not described in the Prospectus.
This Information Supplement should be read in conjunction with the Prospectus.
This Information Supplement is not a prospectus, does not include all of the
information that an investor should consider before investing in the Trusts and
may not be used to offer or sell Units without the Prospectus. Copies of the
Prospectus can be obtained by contacting the Sponsor at One Parkview Plaza,
Oakbrook Terrace, Illinois 60181 or by contacting your broker. This Information
Supplement is dated as of the date of the Prospectus and all capitalized terms
have been defined in the Prospectus.

            Table of Contents
                                                                 Page
       Risk Factors                                                 2
       The Trusts                                                   7
       Sponsor Information                                          7
       Trustee Information                                          8
       Trust Termination                                            9

RISK FACTORS
     Price Volatility. Because the Trust invests in common stocks, you should
understand the risks of investing in common stocks before purchasing Units.
These risks include the risk that the financial condition of the company or the
general condition of the stock market may worsen and the value of the stocks
(and therefore Units) will fall. Common stocks are especially susceptible to
general stock market movements. The value of common stocks often rises or falls
rapidly and unpredictably as market confidence and perceptions of companies
change. These perceptions are based on factors including expectations regarding
government economic policies, inflation, interest rates, economic expansion or
contraction, political climates and economic or banking crises. The value of
Units will fluctuate with the value of the stocks in the Trust and may be more
or less than the price you originally paid for your Units. As with any
investment, we cannot guarantee that the performance of the Trust will be
positive over any period of time. Because the Trust is unmanaged, the Trustee
will not sell stocks in response to market fluctuations as is common in managed
investments.
     Dividends. Common stocks represent ownership interests in a company and are
not obligations of the company. Accordingly, common stockholders have a right to
receive payments from the company that is subordinate to the rights of
creditors, bondholders or preferred stockholders of the company. This means that
common stockholders have a right to receive dividends only if a company's board
of directors declares a dividend and the company has provided for payment of all
of its creditors, bondholders and preferred stockholders. If a company issues
additional debt securities or preferred stock, the owners of these securities
will have a claim against the company's assets before common stockholders if the
company declares bankruptcy or liquidates its assets even though the common
stock was issued first. As a result, the company may be less willing or able to
declare or pay dividends on its common stock.


   Technology Issuers. The Great American Equities Trust invests significantly
in issuers within the technology industry. A portfolio concentrated in a single
industry may present more risk than a portfolio broadly diversified over several
industries. The Trust, and therefore Unitholders, may be particularly
susceptible to a negative impact resulting from adverse market conditions or
other factors affecting technology issuers because any negative impact on the
technology industry will not be diversified among issuers within other unrelated
industries. Accordingly, an investment in Units should be made with an
understanding of the characteristics of the technology industry and the risks
which such an investment may entail.
   Technology companies generally include companies involved in the development,
design, manufacture and sale of computers, computer related equipment, computer
networks, communications systems, telecommunications products, electronic
products, and other related products, systems and services. The market for
technology products and services, especially those specifically related to the
Internet, is characterized by rapidly changing technology, rapid product
obsolescence, cyclical market patterns, evolving industry standards and frequent
new product introductions. The success of the issuers of the Securities depends
in substantial part on the timely and successful introduction of new products.
An unexpected change in one or more of the technologies affecting an issuer's
products or in the market for products based on a particular technology could
have a material adverse affect on an issuer's operating results. Furthermore,
there can be no assurance that the issuers of the Securities will be able to
respond timely to compete in the rapidly developing marketplace.
   The market for certain technology products and services may have only
recently begun to develop, is rapidly evolving and is characterized by an
increasing number of market entrants. Additionally, certain technology companies
may have only recently commenced operations or offered equity securities to the
public. Such companies are in the early stage of development and have a limited
operating history on which to analyze future operating results. It is important
to note that following its initial public offering a security is likely to
experience substantial stock price volatility and speculative trading.
Accordingly, there can be no assurance that upon redemption of Units or
termination of a Trust a Unitholder will receive an amount greater than or equal
to the Unitholder's initial investment.
   Based on trading history, factors such as announcements of new products or
development of new technologies and general conditions of the industry have
caused and are likely to cause the market price of technology common stocks to
fluctuate substantially. In addition, technology company stocks have experienced
extreme price and volume fluctuations that often have been unrelated to the
operating performance of such companies. This market volatility may adversely
affect the market price of the Securities and therefore the ability of a
Unitholder to redeem units, or roll over Units into a new trust, at a price
equal to or greater than the original price paid for such Units.
   Some key components of certain products of technology issuers are currently
available only from single sources. There can be no assurance that in the future
suppliers will be able to meet the demand for components in a timely and cost
effective manner. Accordingly, an issuer's operating results and customer
relationships could be adversely affected by either an increase in price for, or
and interruption or reduction in supply of, any key components. Additionally,
many technology issuers are characterized by a highly concentrated customer base
consisting of a limited number of large customers who may require product
vendors to comply with rigorous and constantly developing industry standards.
Any failure to comply with such standards may result in a significant loss or
reduction of sales. Because many products and technologies are incorporated into
other related products, certain companies are often highly dependent on the
performance of other computer, electronics and communications companies. There
can be no assurance that these customers will place additional orders, or that
an issuer of Securities will obtain orders of similar magnitude as past orders
form other customers. Similarly, the success of certain companies is tied to a
relatively small concentration of products or technologies with intense
competition between companies. Accordingly, a decline in demand of such
products, technologies or from such customers could have a material adverse
impact on issuers of the Securities.
   Financial Services Issuers. An investment in Units of the Great American
Value Trust should be made with an understanding of the problems and risks
inherent in the bank and financial services sector in general.
   Banks, thrifts and their holding companies are especially subject to the
adverse effects of economic recession, volatile interest rates, portfolio
concentrations in geographic markets and in commercial and residential real
estate loans, and competition from new entrants in their fields of business.
Banks and thrifts are highly dependent on net interest margin. Recently, bank
profits have come under pressure as net interest margins have contracted, but
volume gains have been strong in both commercial and consumer products. There is
no certainty that such conditions will continue. Bank and thrift institutions
had received significant consumer mortgage fee income as a result of activity in
mortgage and refinance markets. As initial home purchasing and refinancing
activity subsided, this income diminished. Economic conditions in the real
estate markets, which have been weak in the past, can have a substantial effect
upon banks and thrifts because they generally have a portion of their assets
invested in loans secured by real estate. Banks, thrifts and their holding
companies are subject to extensive federal regulation and, when such
institutions are state- chartered, to state regulation as well. Such regulations
impose strict capital requirements and limitations on the nature and extent of
business activities that banks and thrifts may pursue. Furthermore, bank
regulators have a wide range of discretion in connection with their supervisory
and enforcement authority and may substantially restrict the permissible
activities of a particular institution if deemed to pose significant risks to
the soundness of such institution or the safety of the federal deposit insurance
fund. Regulatory actions, such as increases in the minimum capital requirements
applicable to banks and thrifts and increases in deposit insurance premiums
required to be paid by banks and thrifts to the Federal Deposit Insurance
Corporation ("FDIC"), can negatively impact earnings and the ability of a
company to pay dividends. Neither federal insurance of deposits nor governmental
regulations, however, insures the solvency or profitability of banks or their
holding companies, or insures against any risk of investment in the securities
issued by such institutions.
   The statutory requirements applicable to and regulatory supervision of banks,
thrifts and their holding companies have increased significantly and have
undergone substantial change in recent years. To a great extent, these changes
are embodied in the Financial Institutions Reform, Recovery and Enforcement Act;
enacted in August 1989, the Federal Deposit Insurance Corporation Improvement
Act of 1991, the Resolution Trust Corporation Refinancing, Restructuring, and
Improvement Act of 1991 and the regulations promulgated under these laws. Many
of the regulations promulgated pursuant to these laws have only recently been
finalized and their impact on the business, financial condition and prospects of
the Securities in the Trust's portfolio cannot be predicted with certainty. The
recently enacted financial-services overhaul legislation will allow banks,
securities firms and insurance companies to form one-stop financial
conglomerates marketing a wide range of financial service products to investors.
This legislation will likely result in increased merger activity and heightened
competition among existing and new participants in the field. Efforts to expand
the ability of federal thrifts to branch on an interstate basis have been
initially successful through promulgation of regulations, and legislation to
liberalize interstate banking has recently been signed into law. Under the
legislation, banks will be able to purchase or establish subsidiary banks in any
state, one year after the legislation's enactment. Since mid-1997, banks have
been allowed to turn existing banks into branches. Consolidation is likely to
continue. The Securities and Exchange Commission and the Financial Accounting
Standards Board require the expanded use of market value accounting by banks and
have imposed rules requiring market accounting for investment securities held in
trading accounts or available for sale. Adoption of additional such rules may
result in increased volatility in the reported health of the industry, and
mandated regulatory intervention to correct such problems. Additional
legislative and regulatory changes may be forthcoming. For example, the bank
regulatory authorities have proposed substantial changes to the Community
Reinvestment Act and fair lending laws, rules and regulations, and there can be
no certainty as to the effect, if any, that such changes would have on the
Securities in the Trust's portfolio. In addition, from time to time the deposit
insurance system is reviewed by Congress and federal regulators, and proposed
reforms of that system could, among other things, further restrict the ways in
which deposited moneys can be used by banks or reduce the dollar amount or
number of deposits insured for any depositor. Such reforms could reduce
profitability as investment opportunities available to bank institutions become
more limited and as consumers look for savings vehicles other than bank
deposits. Banks and thrifts face significant competition from other financial
institutions such as mutual funds, credit unions, mortgage banking companies and
insurance companies, and increased competition may result from legislative
broadening of regional and national interstate banking powers as has been
recently enacted. Among other benefits, the legislation allows banks and bank
holding companies to acquire across previously prohibited state lines and to
consolidate their various bank subsidiaries into one unit. The Sponsor makes no
prediction as to what, if any, manner of bank and thrift regulatory actions
might ultimately be adopted or what ultimate effect such actions might have on
the Trust's portfolio.
   The Federal Bank Holding Company Act of 1956 generally prohibits a bank
holding company from (1) acquiring, directly or indirectly, more than 5% of the
outstanding shares of any class of voting securities of a bank or bank holding
company, (2) acquiring control of a bank or another bank holding company, (3)
acquiring all or substantially all the assets of a bank, or (4) merging or
consolidating with another bank holding company, without first obtaining Federal
Reserve Board ("FRB") approval. In considering an application with respect to
any such transaction, the FRB is required to consider a variety of factors,
including the potential anti-competitive effects of the transaction, the
financial condition and future prospects of the combining and resulting
institutions, the managerial resources of the resulting institution, the
convenience and needs of the communities the combined organization would serve,
the record of performance of each combining organization under the Community
Reinvestment Act and the Equal Credit Opportunity Act, and the prospective
availability to the FRB of information appropriate to determine ongoing
regulatory compliance with applicable banking laws. In addition, the federal
Change In Bank Control Act and various state laws impose limitations on the
ability of one or more individuals or other entities to acquire control of banks
or bank holding companies.
   The FRB has issued a policy statement on the payment of cash dividends by
bank holding companies. In the policy statement, the FRB expressed its view that
a bank holding company experiencing earnings weaknesses should not pay cash
dividends which exceed its net income or which could only be funded in ways that
would weaken its financial health, such as by borrowing. The FRB also may impose
limitations on the payment of dividends as a condition to its approval of
certain applications, including applications for approval of mergers and
acquisitions. The Sponsor makes no prediction as to the effect, if any, such
laws will have on the Securities or whether such approvals, if necessary, will
be obtained.
   Some of the nation's largest banks, already working to upgrade their own
computer systems to meet the Year 2000 deadline, are concerned that some
borrowers may fail to upgrade their computers in time, creating problem loans
and increasing overall loan losses. Banks considered most vulnerable by analysts
include those lending primarily to small businesses, which aren't as likely as
large businesses to have a plan for upgrading their computers. Also at risk are
banks with significant exposure overseas, where many foreign businesses are not
moving as quickly to resolve this problem. Analysts warn that it will be
difficult for banks to determine their potential loan losses related to Year
2000 credit risk.
   Companies involved in the insurance industry are engaged in underwriting,
reinsuring, selling, distributing or placing of property and casualty, life or
health insurance. Other growth areas within the insurance industry include
brokerage, reciprocals, claims processors and multiline insurance companies.
Insurance company profits are affected by interest rate levels, general economic
conditions, and price and marketing competition. Property and casualty insurance
profits may also be affected by weather catastrophes and other disasters. Life
and health insurance profits may be affected by mortality and morbidity rates.
Individual companies may be exposed to material risks including reserve
inadequacy and the inability to collect from reinsurance carriers. Insurance
companies are subject to extensive governmental regulation, including the
imposition of maximum rate levels, which may not be adequate for some lines of
business. Proposed or potential tax law changes may also adversely affect
insurance companies' policy sales, tax obligations, and profitability. In
addition to the foregoing, profit margins of these companies continue to shrink
due to the commoditization of traditional businesses, new competitors, capital
expenditures on new technology and the pressures to compete globally.
   In addition to the normal risks of business, companies involved in the
insurance industry are subject to significant risk factors, including those
applicable to regulated insurance companies, such as: (i) the inherent
uncertainty in the process of establishing property-liability loss reserves,
particularly reserves for the cost of environmental, asbestos and mass tort
claims, and the fact that ultimate losses could materially exceed established
loss reserves which could have a material adverse effect on results of
operations and financial condition; (ii) the fact that insurance companies have
experienced, and can be expected in the future to experience, catastrophe losses
which could have a material adverse impact on their financial condition, results
of operations and cash flow; (iii) the inherent uncertainty in the process of
establishing property-liability loss reserves due to changes in loss payment
patterns caused by new claims settlement practices; (iv) the need for insurance
companies and their subsidiaries to maintain appropriate levels of statutory
capital and surplus, particularly in light of continuing scrutiny by rating
organizations and state insurance regulatory authorities, and in order to
maintain acceptable financial strength or claims-paying ability rating; (v) the
extensive regulation and supervision to which insurance companies' subsidiaries
are subject, various regulatory initiatives that may affect insurance companies,
and regulatory and other legal actions; (vi) the adverse impact that increases
in interest rates could have on the value of an insurance company's investment
portfolio and on the attractiveness of certain of its products; (vii) the need
to adjust the effective duration of the assets and liabilities of life insurance
operations in order to meet the anticipated cash flow requirements of its
policyholder obligations; and (vii) the uncertainty involved in estimating the
availability of reinsurance and the collectibility of reinsurance recoverables.
   The state insurance regulatory framework has, during recent years, come under
increased federal scrutiny, and certain state legislatures have considered or
enacted laws that alter and, in many cases, increase state authority to regulate
insurance companies and insurance holding company systems. Further, the National
Association of Insurance Commissioners ("NAIC") and state insurance regulators
are re-examining existing laws and regulations, specifically focusing on
insurance companies, interpretations of existing laws and the development of new
laws. In addition, Congress and certain federal agencies have investigated the
condition of the insurance industry in the United States to determine whether to
promulgate additional federal regulation. The Sponsor is unable to predict
whether any state or federal legislation will be enacted to change the nature or
scope of regulation of the insurance industry, or what effect, if any, such
legislation would have on the industry.
   All insurance companies are subject to state laws and regulations that
require diversification of their investment portfolios and limit the amount of
investments in certain investment categories. Failure to comply with these laws
and regulations would cause non-conforming investments to be treated as
non-admitted assets for purposes of measuring statutory surplus and, in some
instances, would require divestiture.
   Environmental pollution clean-up is the subject of both federal and state
regulation. By some estimates, there are thousands of potential waste sites
subject to clean up. The insurance industry is involved in extensive litigation
regarding coverage issues. The Comprehensive Environmental Response Compensation
and Liability Act of 1980 ("Superfund") and comparable state statutes
("mini-Superfund") govern the clean-up and restoration by "Potentially
Responsible Parties" ("PRP's"). Superfund and the mini-Superfunds
("Environmental Clean-up Laws or "ECLs") establish a mechanism to pay for
clean-up of waste sites if PRP's fail to do so, and to assign liability to
PRP's. The extent of liability to be allocated to a PRP is dependent on a
variety of factors. The extent of clean-up necessary and the assignment of
liability has not been fully established. The insurance industry is disputing
many such claims. Key coverage issues include whether Superfund response costs
are considered damages under the policies, when and how coverage is triggered,
applicability of pollution exclusions, the potential for joint and several
liability and definition of an occurrence. Similar coverage issues exist for
clean up and waste sites not covered under Superfund. To date, courts have been
inconsistent in their rulings on these issues. An insurer's exposure to
liability with regard to its insureds which have been, or may be, named as PRPs
is uncertain. Superfund reform proposals have been introduced in Congress, but
none have been enacted. There can be no assurance that any Superfund reform
legislation will be enacted or that any such legislation will provide for a
fair, effective and cost-efficient system for settlement of Superfund related
claims.
   While current federal income tax law permits the tax-deferred accumulation of
earnings on the premiums paid by an annuity owner and holders of certain
savings-oriented life insurance products, no assurance can be given that future
tax law will continue to allow such tax deferrals. If such deferrals were not
allowed, consumer demand for the affected products would be substantially
reduced. In addition, proposals to lower the federal income tax rates through a
form of flat tax or otherwise could have, if enacted, a negative impact on the
demand for such products.
   Companies engaged in investment banking/brokerage and investment management
include brokerage firms, broker/dealers, investment banks, finance companies and
mutual fund companies. Earnings and share prices of companies in this industry
are quite volatile, and often exceed the volatility levels of the market as a
whole. Recently, ongoing consolidation in the industry and the strong stock
market has benefited stocks which investors believe will benefit from greater
investor and issuer activity. Major determinants of future earnings of these
companies are the direction of the stock market, investor confidence, equity
transaction volume, the level and direction of long-term and short-term interest
rates, and the outlook for emerging markets. Negative trends in any of these
earnings determinants could have a serious adverse effect on the financial
stability, as well as the stock prices, of these companies. Furthermore, there
can be no assurance that the issuers of the Securities included in a Trust will
be able to respond in a timely manner to compete in the rapidly developing
marketplace. In addition to the foregoing, profit margins of these companies
continue to shrink due to the commoditization of traditional businesses, new
competitors, capital expenditures on new technology and the pressures to compete
globally.


     Liquidity. Whether or not the stocks in the Trust are listed on a stock
exchange, the stocks may delist from the exchange or principally trade in an
over-the-counter market. As a result, the existence of a liquid trading market
could depend on whether dealers will make a market in the stocks. We cannot
guarantee that dealers will maintain a market or that any market will be liquid.
The value of the stocks could fall if trading markets are limited or absent.
     Additional Units. The Sponsor may create additional Units of the Trust by
depositing into the Trust additional stocks or cash with instructions to
purchase additional stocks. A cash deposit could result in a dilution of your
investment and anticipated income because of fluctuations in the price of the
stocks between the time of the deposit and the purchase of the stocks and
because the Trust will pay brokerage fees.
     Voting. Only the Trustee may sell or vote the stocks in the Trust. While
you may sell or redeem your Units, you may not sell or vote the stocks in the
Trust. The Sponsor will instruct the Trustee how to vote the stocks. The Trustee
will vote the stocks in the same general proportion as shares held by other
shareholders if the Sponsor fails to provide instructions.
     Year 2000. The Trust could be negatively impacted if computer systems used
by the Sponsor, Evaluator, Supervisor or Trustee or other service providers to
the Trusts do not properly process date-related information after January 1,
2000. This is commonly known as the "Year 2000 Problem". The Sponsor, Evaluator,
Supervisor and Trustee are taking steps to address this problem and to obtain
reasonable assurances that other service providers to the Trust are taking
comparable steps. We cannot guarantee that these steps will be sufficient to
avoid any adverse impact on the Trust. This problem is expected to impact
corporations to varying degrees based on factors such as industry sector and
degree of technological sophistication. We cannot predict what impact, if any,
this problem will have on the issuers of stocks in the Trust.

THE TRUSTS
   An advantage to investing in stocks is that you have the potential for
capital appreciation that can supplement wages and help offset the effect of
inflation. While stock prices will rise and fall, stocks may offer better
long-term performance when compared to other investments. For example, if you
had invested $1 in the common stocks in the Standard & Poor's 500 Index at the
beginning of 1926, it would have grown to approximately $2,642.10 by June 30,
1999. If you had invested $1 over the same period in long-term U.S. government
bonds, short-term U.S. Treasury bills or in an investment growing at the rate of
inflation, that dollar would have grown to approximately $41.34, $15.28 or
$9.32. The stocks in your Trust differ from those in the S&P 500 Index and these
figures do not indicate the future performance of your Trust. Stocks generally
involve greater risks than government bonds because of greater price volatility
and potential for loss of principal.

SPONSOR INFORMATION
   Van Kampen Funds Inc., a Delaware corporation, is the Sponsor of the Trust.
The Sponsor is an indirect subsidiary of Van Kampen Investments Inc. Van Kampen
Investments Inc. is a wholly owned subsidiary of MSAM Holdings II, Inc., which
in turn is a wholly owned subsidiary of Morgan Stanley Dean Witter & Co.
("MSDW").
     MSDW, together with various of its directly and indirectly owned
subsidiaries, is engaged in a wide range of financial services through three
primary businesses: securities, asset management and credit services. These
principal businesses include securities underwriting, distribution and trading;
merger, acquisition, restructuring and other corporate finance advisory
activities; merchant banking; stock brokerage and research services; asset
management; trading of futures, options, foreign exchange commodities and swaps
(involving foreign exchange, commodities, indices and interest rates); real
estate advice, financing and investing; global custody, securities clearance
services and securities lending; and credit card services.
     Van Kampen Funds Inc. specializes in the underwriting and distribution of
unit investment trusts and mutual funds with roots in money management dating
back to 1926. The Sponsor is a member of the National Association of Securities
Dealers, Inc. and has offices at One Parkview Plaza, Oakbrook Terrace, Illinois
60181, (630) 684-6000 and 2800 Post Oak Boulevard, Houston, Texas 77056, (713)
993-0500. As of November 30, 1998, the total stockholders' equity of Van Kampen
Funds Inc. was $135,236,000 (audited). (This paragraph relates only to the
Sponsor and not to the Trust or to any other Series thereof. The information is
included herein only for the purpose of informing investors as to the financial
responsibility of the Sponsor and its ability to carry out its contractual
obligations. More detailed financial information will be made available by the
Sponsor upon request.)
     As of March 31, 1999, the Sponsor and its Van Kampen affiliates managed or
supervised approximately $75 billion of investment products. The Sponsor and its
Van Kampen affiliates managed $64 billion of assets, consisting of $36.6 billion
for 50 open-end mutual funds, $19.5 billion for 39 closed-end funds and $8.2
billion for 106 institutional accounts. The Sponsor has also deposited more than
3,200 unit trusts amounting to approximately $35.4 billion of assets. All of Van
Kampen's open-end funds, closed-ended funds and unit investment trusts are
professionally distributed by leading financial firms nationwide. Based on
cumulative assets deposited, the Sponsor believes that it is the largest sponsor
of insured municipal unit investment trusts, primarily through the success of
its Insured Municipals Income Trust(R) or the IM-IT(R) trust. The Sponsor also
provides surveillance or evaluation services at cost for approximately $13.4
billion of unit investment trust assets outstanding. Since 1976, the Sponsor has
serviced over two million investor accounts, opened through retail distribution
firms.
   If the Sponsor shall fail to perform any of its duties under the Trust
Agreement or become incapable of acting or shall become bankrupt or its affairs
are taken over by public authorities, then the Trustee may (i) appoint a
successor Sponsor at rates of compensation deemed by the Trustee to be
reasonable and not exceeding amounts prescribed by the Securities and Exchange
Commission, (ii) terminate the Trust Agreement and liquidate the Trust as
provided therein or (iii) continue to act as Trustee without terminating the
Trust Agreement.

TRUSTEE INFORMATION
     The Trustee is The Bank of New York, a trust company organized under the
laws of New York. The Bank of New York has its unit investment trust division
offices at 101 Barclay Street, New York, New York 10286 (800) 221-7668. The Bank
of New York is subject to supervision and examination by the Superintendent of
Banks of the State of New York and the Board of Governors of the Federal Reserve
System, and its deposits are insured by the Federal Deposit Insurance
Corporation to the extent permitted by law.
   The duties of the Trustee are primarily ministerial in nature. It did not
participate in the selection of Securities for the Trust portfolio.
   In accordance with the Trust Agreement, the Trustee shall keep proper books
of record and account of all transactions at its office for the Trust. Such
records shall include the name and address of, and the number of Units of the
Trust held by, every Unitholder. Such books and records shall be open to
inspection by any Unitholder at all reasonable times during the usual business
hours. The Trustee shall make such annual or other reports as may from time to
time be required under any applicable state or federal statute, rule or
regulation. The Trustee is required to keep a certified copy or duplicate
original of the Trust Agreement on file in its office available for inspection
at all reasonable times during the usual business hours by any Unitholder,
together with a current list of the Securities held in the Trust.
     Under the Trust Agreement, the Trustee or any successor trustee may resign
and be discharged of its responsibilities created by the Trust Agreement by
executing an instrument in writing and filing the same with the Sponsor. The
Trustee or successor trustee must mail a copy of the notice of resignation to
all Unitholders then of record, not less than 60 days before the date specified
in such notice when such resignation is to take effect. The Sponsor upon
receiving notice of such resignation is obligated to appoint a successor trustee
promptly. If, upon such resignation, no successor trustee has been appointed and
has accepted the appointment within 30 days after notification, the retiring
Trustee may apply to a court of competent jurisdiction for the appointment of a
successor. The Sponsor may remove the Trustee and appoint a successor trustee as
provided in the Trust Agreement at any time with or without cause. Notice of
such removal and appointment shall be mailed to each Unitholder by the Sponsor.
Upon execution of a written acceptance of such appointment by such successor
trustee, all the rights, powers, duties and obligations of the original trustee
shall vest in the successor. The resignation or removal of a Trustee becomes
effective only when the successor trustee accepts its appointment as such or
when a court of competent jurisdiction appoints a successor trustee.
     Any corporation into which a Trustee may be merged or with which it may be
consolidated, or any corporation resulting from any merger or consolidation to
which a Trustee shall be a party, shall be the successor trustee. The Trustee
must be a banking corporation organized under the laws of the United States or
any state and having at all times an aggregate capital, surplus and undivided
profits of not less than $5,000,000.

TRUST TERMINATION
     The Trust may be liquidated at any time by consent of Unitholders
representing 66 2/3% of the Units of such Trust then outstanding or by the
Trustee when the value of the Securities owned by the Trust, as shown by any
evaluation, is less than $500,000 ($3,000,000 if the value of the Trust has
exceeded $15,000,000). The Trust will be liquidated by the Trustee in the event
that a sufficient number of Units of the Trust not yet sold are tendered for
redemption by the Sponsor, so that the net worth of such Trust would be reduced
to less than 40% of the value of the Securities at the time they were deposited
in the Trust. If the Trust is liquidated because of the redemption of unsold
Units by the Sponsor, the Sponsor will refund to each purchaser of Units the
entire sales charge paid by such purchaser. The Trust Agreement will terminate
upon the sale or other disposition of the last Security held thereunder, but in
no event will it continue beyond the Mandatory Termination Date.
     Commencing during the period beginning nine business days prior to, and no
later than, the Mandatory Termination Date, Securities may begin to be sold in
connection with the termination of the Trust. The Sponsor will determine the
manner, timing and execution of the sales of the Securities. The Sponsor shall
direct the liquidation of the Securities in such manner as to effectuate orderly
sales and a minimal market impact. In the event the Sponsor does not so direct,
the Securities shall be sold within a reasonable period and in such manner as
the Trustee, in its sole discretion, shall determine. At least 30 days before
the Mandatory Termination Date the Trustee will provide written notice of any
termination to all Unitholders of the appropriate Trust and in the case of a
Trust will include with such notice a form to enable Unitholders owning the
minimum number of Units described in the Prospectus to request an in kind
distribution of the Securities. To be effective, this request must be returned
to the Trustee at least five business days prior to the Mandatory Termination
Date. On the Mandatory Termination Date (or on the previous business day if a
holiday) the Trustee will deliver each requesting Unitholder's pro rata number
of whole shares of the Securities in the Trust to the account of the
broker-dealer or bank designated by the Unitholder at Depository Trust Company.
The value of the Unitholder's fractional shares of the Securities will be paid
in cash. Unitholders not requesting an in kind distribution will receive a cash
distribution from the sale of the remaining Securities within a reasonable time
following the Mandatory Termination Date. Regardless of the distribution
involved, the Trustee will deduct from the funds of the Trust any accrued costs,
expenses, advances or indemnities provided by the Trust Agreement, including
estimated compensation of the Trustee, costs of liquidation and any amounts
required as a reserve to provide for payment of any applicable taxes or other
governmental charges. Any sale of Securities in the Trust upon termination may
result in a lower amount than might otherwise be realized if such sale were not
required at such time. The Trustee will then distribute to each Unitholder of
each Trust his pro rata share of the balance of the Income and Capital Accounts.
     Within 60 days of the final distribution Unitholders will be furnished a
final distribution statement of the amount distributable. At such time as the
Trustee in its sole discretion will determine that any amounts held in reserve
are no longer necessary, it will make distribution thereof to Unitholders in the
same manner.



                       CONTENTS OF REGISTRATION STATEMENTS

This Amendment to the Registration Statement comprises the following papers and
documents:


         The facing sheet
         The Prospectus
         The signatures
         The consents of independent public accountants and legal counsel

The following exhibits:

          1.1  Copy of Trust Agreement.

          3.1  Opinion and consent of counsel as to legality of securities being
               registered.

          3.2  Opinion of counsel as to the Federal Income tax status of
               securities being registered.

          3.3  Opinion and consent of counsel as to New York tax status of
               securities being registered.

          4.1  Consent of Interactive Data Corporation.

          4.2  Consent of Independent Certified Public Accountants.


                                   SIGNATURES

         The Registrant, Van Kampen Focus Portfolios, Series 190, hereby
identifies Van Kampen Merritt Equity Opportunity Trust, Series 1, Series 2,
Series 4 and Series 7 and Van Kampen American Capital Equity Opportunity Trust,
Series 13, Series 14, Series 57 and Series 89 for purposes of the
representations required by Rule 487 and represents the following: (1) that the
portfolio securities deposited in the series as to the securities of which this
Registration Statement is being filed do not differ materially in type or
quality from those deposited in such previous series; (2) that, except to the
extent necessary to identify the specific portfolio securities deposited in, and
to provide essential financial information for, the series with respect to the
securities of which this Registration Statement is being filed, this
Registration Statement does not contain disclosures that differ in any material
respect from those contained in the registration statements for such previous
series as to which the effective date was determined by the Commission or the
staff; and (3) that it has complied with Rule 460 under the Securities Act of
1933.

         Pursuant to the requirements of the Securities Act of 1933, the
Registrant, Van Kampen Focus Portfolios, Series 190 has duly caused this
Amendment to the Registration Statement to be signed on its behalf by the
undersigned, thereunto duly authorized, in the City of Chicago and State of
Illinois on the 7th day of December, 1999.

                                         Van Kampen Focus Portfolios, Series 190
                                                        By Van Kampen Funds Inc.

                                                          By Christine K. Putong
                                                        Assistant Vice President

         Pursuant to the requirements of the Securities Act of 1933, this
Amendment to the Registration Statement has been signed below on December 7,
1999 by the following persons who constitute a majority of the Board of
Directors of Van Kampen Funds Inc.

          SIGNATURE                             TITLE

Richard F. Powers III               Chairman and Chief Executive              )

                                       Officer                                )

John H. Zimmerman III               President and Chief Operating             )

                                       Officer                                )

William R. Rybak                    Executive Vice President and              )
                                       Chief Financial Officer                )

A. Thomas Smith III                 Executive Vice President,                 )
                                       General Counsel and Secretary          )

Michael H. Santo                    Executive Vice President                  )


                                                             Christine K. Putong
                                                             (Attorney-in-fact*)

- --------------------------------------------------------------------------------
         *An executed copy of each of the related powers of attorney is filed
herewith or was filed with the Securities and Exchange Commission in connection
with the Registration Statement on Form S-6 of Van Kampen Focus Portfolios,
Series 136 (File No. 333-70897) and the same are hereby incorporated herein by
this reference.






                                                                     EXHIBIT 1.1
                           VAN KAMPEN FOCUS PORTFOLIOS
                                   SERIES 190
                                 TRUST AGREEMENT

Dated: December 7, 1999

         This Trust Agreement among Van Kampen Funds Inc., as Depositor,
American Portfolio Evaluation Services, a division of Van Kampen Investment
Advisory Corp., as Evaluator, Van Kampen Investment Advisory Corp., as
Supervisory Servicer, and The Bank of New York, as Trustee, sets forth certain
provisions in full and incorporates other provisions by reference to the
document entitled "Van Kampen American Capital Equity Opportunity Trust, Series
87 and Subsequent Series, Standard Terms and Conditions of Trust, Effective
January 27, 1998" (herein called the "Standard Terms and Conditions of Trust")
and such provisions as are set forth in full and such provisions as are
incorporated by reference constitute a single instrument. All references herein
to Articles and Sections are to Articles and Sections of the Standard Terms and
Conditions of Trust.


                                WITNESSETH THAT:

         In consideration of the premises and of the mutual agreements herein
contained, the Depositor, Evaluator, Supervisory Servicer and Trustee agree as
follows:


                                     PART I
                     STANDARD TERMS AND CONDITIONS OF TRUST

         Subject to the provisions of Part II hereof, all the provisions
contained in the Standard Terms and Conditions of Trust are herein incorporated
by reference in their entirety and shall be deemed to be a part of this
instrument as fully and to the same extent as though said provisions had been
set forth in full in this instrument.


                                     PART II
                      SPECIAL TERMS AND CONDITIONS OF TRUST

         The following special terms and conditions are hereby agreed to:

         1. The Securities defined in Section 1.01(24), listed in the Schedule
hereto, have been deposited in trust under this Trust Agreement.

         2. The fractional undivided interest in and ownership of each Trust
represented by each Unit is an amount the numerator of which is one and the
denominator of which is the amount set forth under "Summary of Essential
Financial Information - Initial Number of Units" in the Prospectus. Such
fractional undivided interest may be (a) increased by the number of any
additional Units issued pursuant to Section 2.03, (b) increased or decreased in
connection with an adjustment to the number of Units pursuant to Section 2.03,
or (c) decreased by the number of Units redeemed pursuant to Section 5.02.

         3. The terms "Capital Account Record Date" and "Income Account Record
Date" shall mean the "Record Dates" set forth under "Summary of Essential
Financial Information" in the Prospectus.

         4. The terms "Capital Account Distribution Date" and "Income Account
Distribution Date" shall mean the "Distribution Dates" set forth under "Summary
of Essential Financial Information" in the Prospectus.

         5. The term "Mandatory Termination Date" shall mean the "Mandatory
Termination Date" set forth under "Summary of Essential Financial Information"
in the Prospectus.

         6. Notwithstanding anything to the contrary in the Standard Terms and
Conditions of Trust and subject to the requirements set forth in this paragraph,
unless the Prospectus otherwise requires, the Sponsor may, on any Business Day
(the "Trade Date"), subscribe for additional Units as follows:

               (a) Prior to the Evaluation Time on such Business Day, the
          Sponsor shall provide notice (the "Subscription Notice") to the
          Trustee, by telephone or by written communication, of the Sponsor's
          intention to subscribe for additional Units. The Subscription Notice
          shall identify the additional Securities to be acquired (unless such
          additional Securities are a precise replication of the then existing
          portfolio) and shall either (i) specify the quantity of additional
          Securities to be deposited by the Sponsor on the settlement date for
          such subscription or (ii) instruct the Trustee to purchase additional
          Securities with an aggregate value as specified in the Subscription
          Notice.

               (b) Promptly following the Evaluation Time on such Business Day,
          the Sponsor shall verify with the Trustee the number of additional
          Units to be created.

               (c) Not later than the time on the settlement date for such
          subscription when the Trustee is to deliver or assign the additional
          Units created hereby, the Sponsor shall deposit with the Trustee (i)
          any additional Securities specified in the Subscription Notice (or
          contracts to purchase such additional Securities together with cash or
          a letter of credit in the amount necessary to settle such contracts)
          or (ii) cash or a letter of credit in an amount equal to the aggregate
          value of the additional Securities specified in the Subscription
          Notice, and adding and subtracting the amounts specified in the first
          and second sentences of Section 5.01, computed as of the Evaluation
          Time on the Business Day preceding the Trade Date divided by the
          number of Units outstanding as of the Evaluation Time on the Business
          Day preceding the Trade Date, times the number of additional Units to
          be created.

               (d) On the settlement date for such subscription, the Trustee
          shall, in exchange for the Securities and cash or letter of credit
          described above, deliver to, or assign in the name of or on the order
          of, the Sponsor the number of Units verified by the Sponsor with the
          Trustee.

         7. Section 6.01(e) is hereby replaced with the following:

               (e) (1) Subject to the provisions of subparagraph (2) of this
          paragraph, the Trustee may employ agents, sub-custodians, attorneys,
          accountants and auditors and shall not be answerable for the default
          or misconduct of any such agents, sub-custodians, attorneys,
          accountants or auditors if such agents, sub-custodians, attorneys,
          accountants or auditors shall have been selected with reasonable care.
          The Trustee shall be fully protected in respect of any action under
          this Indenture taken or suffered in good faith by the Trustee in
          accordance with the opinion of counsel, which may be counsel to the
          Depositor acceptable to the Trustee, provided, however that this
          disclaimer of liability shall not excuse the Trustee from the
          responsibilities specified in subparagraph (2) below. The fees and
          expenses charged by such agents, sub-custodians, attorneys,
          accountants or auditors shall constitute an expense of the Trust
          reimbursable from the Income and Capital Accounts of the affected
          Trust as set forth in section 6.04 hereof.

               (2) The Trustee may place and maintain in the care of an Eligible
          Foreign Custodian (which is employed by the Trustee as a sub-custodian
          as contemplated by subparagraph (1) of this paragraph (e) and which
          may be an affiliate or subsidiary of the Trustee or any other entity
          in which the Trustee may have an ownership interest) any investments
          (including foreign currencies) for which the primary market is outside
          the United States, and such cash and cash equivalents in amounts
          reasonably necessary to effect the Trust's transactions in such
          investments, provided that:

                    (a) The Trustee shall perform all duties assigned to the
               Foreign Custody Manager by Rule 17f-5 under the Investment
               Company Act of 1940 (17 CFR ss. 270.17f-5) ("Rule 17f-5"), as now
               in effect or as such rule may be amended in the future. The
               Trustee shall not delegate such duties.

                    (b) The Trustee shall exercise reasonable care, prudence and
               diligence such as a person having responsibility for the
               safekeeping of Trust assets would exercise, and shall be liable
               to the Trust for any loss occurring as a result of its failure to
               do so.

                    (c) The Trustee shall indemnify the Trust and hold the Trust
               harmless from and against any risk of loss of Trust assets held
               in accordance with the foreign custody contract.

                    (d) The Trustee shall maintain and keep current written
               records regarding the basis for the choice or continued use of a
               particular Eligible Foreign Custodian pursuant to this
               subparagraph for a period of not less than six years from the end
               of the fiscal year in which the Trust was terminated, the first
               two years in an easily accessible place. Such records shall be
               available for inspection by Unitholders and the Securities and
               Exchange Commission at the Trustee's offices at all reasonable
               times during its usual business hours.

               (3) "Eligible Foreign Custodian" shall have the meaning assigned
          to it in Rule 17f-5.

               (4) "Foreign Custody Manager" shall have the meaning assigned to
          it in Rule 17f-5.

         8. Section 1.01 (1), (3) and (4) shall be replaced in their entirety by
the following:

               (1) "Depositor" shall mean Van Kampen Funds Inc. and its
          succesors in interest, or any successor depositor appointed as
          hereinafter provided.

               (3) "Evaluator" shall mean American Portfolio Evaluation Services
          (a division of a Van Kampen Investment Advisory Corp.) and its
          successors in interest, or any successor evaluator appointed as
          hereinafter provided.

               (4) "Supervisory Servicer" shall mean Van Kampen Investment
          Advisory Corp. and its successors in interest, or any successor
          portfolio supervisor appointed as hereinafter provided.

         9. Section 3.15 of the Standard Terms and Conditions of Trust is hereby
replaced in its entirety by the following:

               Section 3.15. Deferred Sales Charge. If the Prospectus related to
          the Trust specifies a deferred sale charge, the Trustee shall, on each
          Deferred Sales Charge Payment Date and as permitted by such
          Prospectus, withdraw from the Capital Account an amount per Unit equal
          to the Deferred Sales Charge Payment and credit such amount to a
          special non-Trust account maintained at the Trustee out of which the
          deferred sales charge will be distributed to the Depositor. If the
          balance in the Capital Account is insufficient to make any such
          withdrawal, the Trustee shall, as directed by the Depositor, either
          advance funds in an amount equal to the proposed withdrawal and be
          entitled to reimbursement of such advance upon the deposit of
          additional moneys in the Capital Account, sell Securities and credit
          the proceeds thereof to such special Depositor's account or credit (if
          permitted by law) Securities in kind to such special Depositor's
          Account. If a Unitholder redeems Units prior to full payment of the
          deferred sales charge, the Trustee shall, if so provided in the
          related Prospectus, on the Redemption Date, withhold from the
          Redemption Price payable to such Unitholder an amount equal to the
          unpaid portion of the deferred sales charge and distribute such amount
          to such special Depositor's Account. The Depositor may at any time
          instruct the Trustee in writing to distribute to the Depositor cash or
          Securities previously credited to the special Depositor's account.
          Amounts to be credited to the special Depositor's account with respect
          to each Deferred Sales Charge Payment are due and payable to the
          Depositor on the related Deferred Sales Charge Payment Date.

               The term "Deferred Sales Charge Payment Dates" shall mean the
          10th day of each month beginning July 10, 2000 and continuing through
          December 10, 2000. If any Deferred Sales Charge Payment Date is not a
          Business Day, that Deferred Sales Charge Payment Date shall be deemed
          to be the next Business Day. The term "Deferred Sales Charge Payment"
          shall mean a fraction of the total maximum deferred sales charge
          specified in the Prospectus, the numerator of which is one and the
          denominator of which is equal to the total number of Deferred Sales
          Charge Payment Dates.

         IN WITNESS WHEREOF, the undersigned have caused this Trust Agreement to
be executed and their corporate seals to be hereto affixed and attested; all as
of the day, month and year first above written.


Van Kampen Funds Inc.

By James J. Boyne
Senior Vice President
Attest:


By Weston B. Wetherell
Vice President
American Portfolio Evaluation Services,
   a division of Van Kampen Investment Advisory Corp.

By James J. Boyne
Senior Vice President
Attest

By Weston B. Wetherell
Vice President
Van Kampen Investment Advisory Corp.

By James J. Boyne
Senior Vice President
Attest

By Weston B. Wetherell
Vice President

The Bank of New York

By Jeffrey Cohen
Vice President
Attest

By Robert Weir
Assistant Treasurer


                          SCHEDULE A TO TRUST AGREEMENT
                        SECURITIES INITIALLY DEPOSITEDIN
                     VAN KAMPEN FOCUS PORTFOLIOS, SERIES 190

(Note: Incorporated herein and made a part hereof is each "Portfolio" as set
forth in the Prospectus.)







                                                                     EXHIBIT 3.1

                               CHAPMAN AND CUTLER
                             111 WEST MONROE STREET
                             CHICAGO, ILLINOIS 60603

December 7, 1999


Van Kampen Funds Inc.
One Parkview Plaza
Oakbrook Terrace, Illinois  60181


Re:  Van Kampen Focus Portfolios, Series 190
     ---------------------------------------

Gentlemen:

         We have served as counsel for Van Kampen Funds Inc. as Sponsor and
Depositor of Van Kampen Focus Portfolios, Series 190 (hereinafter referred to as
the "Trust"), in connection with the preparation, execution and delivery of a
Trust Agreement dated December 7, 1999, among Van Kampen Funds Inc., as
Depositor, American Portfolio Evaluation Services, a division of Van Kampen
Investment Advisory Corp., as Evaluator, Van Kampen Investment Advisory Corp.,
as Supervisory Servicer, and The Bank of New York, as Trustee, pursuant to which
the Depositor has delivered to and deposited the Securities listed in the
Schedule to the Trust Agreement with the Trustee and pursuant to which the
Trustee has provided to or on the order of the Depositor documentation
evidencing ownership of Units of fractional undivided interest in and ownership
of the Trust (hereinafter referred to as the "Units"), created under said Trust
Agreement.

         In connection therewith we have examined such pertinent records and
documents and matters of law as we have deemed necessary in order to enable us
to express the opinions hereinafter set forth.

         Based upon the foregoing, we are of the opinion that:

               1. The execution and delivery of the Trust Agreement and the
          execution and issuance of certificates evidencing the Units in the
          Trust have been duly authorized; and

               2. The certificates evidencing the Units in the Trust, when duly
          executed and delivered by the Depositor and the Trustee in accordance
          with the aforementioned Trust Agreement, will constitute valid and
          binding obligations of such Trust and the Depositor in accordance with
          the terms thereof.

         We hereby consent to the filing of this opinion as an exhibit to the
Registration Statement (File No. 333-90507) relating to the Units referred to
above and to the use of our name and to the reference to our firm in said
Registration Statement and in the related Prospectus.

                                                         Respectfully submitted,

                                                              CHAPMAN AND CUTLER







                                                                     EXHIBIT 3.2

                               CHAPMAN AND CUTLER
                             111 WEST MONROE STREET
                             CHICAGO, ILLINOIS 60603

December 7, 1999


Van Kampen Funds Inc.
One Parkview Plaza
Oakbrook Terrace, Illinois  60181

The Bank of New York
101 Barclay Street
New York, New York  10286


Re:  Van Kampen Focus Portfolios, Series 190
     ---------------------------------------

Gentlemen:

         We have acted as counsel for Van Kampen Funds Inc., Depositor of Van
Kampen Focus Portfolios, Series 190 (the "Fund"), in connection with the
issuance of Units of fractional undivided interest in the Fund, under a Trust
Agreement dated December 7, 1999 (the "Indenture") among Van Kampen Funds Inc.,
as Depositor, American Portfolio Evaluation Services, a division of Van Kampen
Investment Advisory Corp., as Evaluator, Van Kampen Investment Advisory Corp.,
as Supervisory Servicer, and The Bank of New York, as Trustee. The Fund is
comprised of the following separate unit investment trusts, Great American
Equities Trust, Series 3 and Great American Value Trust, Series 1 (each a
"Trust").

         In this connection, we have examined the Registration Statement, the
Prospectus, the Indenture, and such other instruments and documents as we have
deemed pertinent.

         The assets of the Trust will consist of a portfolio of equity
securities (the "Equity Securities") as set forth in the Prospectus. For
purposes of this opinion, it is assumed that each Equity Security is equity for
federal income tax purposes.

         Based upon the foregoing and upon an investigation of such matters of
law as we consider to be applicable, we are of the opinion that, under existing
United States Federal income tax law:

                   (i) The Trust is not an association taxable as a corporation
         for Federal income tax purposes but will be governed by the provisions
         of subchapter J (relating to Trusts) of chapter 1, Internal Revenue
         Code of 1986 (the "Code").

                  (ii) A Unitholder will be considered as owning a pro rata
         share of each asset of the Trust in the proportion that the number of
         Units held by him bears to the total number of Units outstanding. Under
         subpart E, subchapter J of chapter 1 of the Code, income of the Trust
         will be treated as income of each Unitholder in the proportion
         described, and an item of Trust income will have the same character in
         the hands of a Unitholder as it would have in the hands of the Trustee.
         Each Unitholder will be considered to have received his pro rata share
         of income derived from each Trust asset when such income is considered
         to be received by the Trust. A Unitholder's pro rata portion of
         distributions of cash or property by a corporation with respect to an
         Equity Security ("dividends" as defined by Section 316 of the Code )
         are taxable as ordinary income to the extent of such corporation's
         current and accumulated "earnings and profits." A Unitholder's pro rata
         portion of dividends which exceed such current and accumulated earnings
         and profits will first reduce the Unitholder's tax basis in such Equity
         Security, and to the extent that such dividends exceed a Unitholder's
         tax basis in such Equity Security, shall be treated as gain from the
         sale or exchange of property.

                 (iii) The price a Unitholder pays for his Units, generally
         including sales charges, is allocated among his pro rata portion of
         each Equity Security held by Trust (in proportion to the fair market
         values thereof on the valuation date closest to the date the Unitholder
         purchases his Units), in order to determine his tax basis for his pro
         rata portion of each Equity Security held by the Trust.

                  (iv) Gain or loss will be recognized to a Unitholder (subject
         to various nonrecognition provisions under the Code) upon redemption or
         sale of his Units, except to the extent an in kind distribution of
         stock is received by such Unitholder from the Trust as discussed below.
         Such gain or loss is measured by comparing the proceeds of such
         redemption or sale with the adjusted basis of his Units. Before
         adjustment, such basis would normally be cost if the Unitholder had
         acquired his Units by purchase. Such basis will be reduced, but not
         below zero, by the Unitholder's pro rata portion of dividends with
         respect to each Equity Security which are not taxable as ordinary
         income.

                   (v) If the Trustee disposes of a Trust asset (whether by
         sale, exchange, liquidation, redemption, payment on maturity or
         otherwise) gain or loss will be recognized to the Unitholder (subject
         to various nonrecognition provisions under the Code) and the amount
         thereof will be measured by comparing the Unitholder's aliquot share of
         the total proceeds from the transaction with his basis for his
         fractional interest in the asset disposed of. Such basis is ascertained
         by apportioning the tax basis for his Units (as of the date on which
         his Units were acquired) among each of the Trust assets (as of the date
         on which his Units were acquired) ratably according to their values as
         of the valuation date nearest the date on which he purchased such
         Units. A Unitholder's basis in his Units and of his fractional interest
         in each Trust asset must be reduced, but not below zero, by the
         Unitholder's pro rata portion of dividends with respect to the Equity
         Security which is not taxable as ordinary income.

                  (vi) Under the Indenture, under certain circumstances, a
         Unitholder tendering Units for redemption may request an in kind
         distribution of Equity Securities upon the redemption of Units or upon
         the termination of the Trust. As previously discussed, prior to the
         redemption of Units or the termination of the Trust, a Unitholder is
         considered as owning a pro rata portion of each of the Trust's assets.
         The receipt of an in kind distribution will result in a Unitholder
         receiving an undivided interest in whole shares of stock and possibly
         cash. The potential federal income tax consequences which may occur
         under an in kind distribution with respect to each Equity Security
         owned by the Trust will depend upon whether or not a Unitholder
         receives cash in addition to Equity Securities. An "Equity Security"
         for this purpose is a particular class of stock issued by a particular
         corporation. A Unitholder will not recognize gain or loss if a
         Unitholder only receives Equity Securities in exchange for his or her
         pro rata portion in the Equity Securities held by the Trust. However,
         if a Unitholder also receives cash in exchange for a fractional share
         of an Equity Security held by the Trust, such Unitholder will generally
         recognize gain or loss based upon the difference between the amount of
         cash received by the Unitholder and his tax basis in such fractional
         share of an Equity Security held by the Trust. The total amount of
         taxable gains (or losses) recognized upon such redemption will
         generally equal the sum of the gain (or loss) recognized under the
         rules described above by the redeeming Unitholder with respect to each
         Equity Security owned by the Trust.

         A domestic corporation owning Units in the Trust may be eligible for
the 70% dividends received deduction pursuant to Section 243(a) of the Code with
respect to such Unitholder's pro rata portion of dividends received by the Trust
(to the extent such dividends are taxable as ordinary income and are
attributable to domestic corporations), subject to the limitations imposed by
Sections 246 and 246A of the Code.

         To the extent dividends received by the Trust are attributable to
foreign corporations, a corporation that owns Units will not be entitled to the
dividends received deduction with respect to its pro rata portion of such
dividends since the dividends received deduction is generally available only
with respect to dividends paid by domestic corporations.

         Section 67 of the Code provides that certain itemized deductions, such
as investment expenses, tax return preparation fees and employee business
expenses will be deductible by individuals only to the extent they exceed 2% of
such individual's adjusted gross income. Unitholders may be required to treat
some or all of the expenses of the Trust as miscellaneous itemized deductions
subject to this limitation.

         A Unitholder will recognize taxable gain (or loss) when all or part of
his pro rata interest in an Equity Security is either sold by the Trust or
redeemed or when a Unitholder disposes of his Units in a taxable transaction, in
each case for an amount greater (or less) than his tax basis therefor, subject
to various non-recognition provisions of the Code.

         It should be noted that payments to the Trust of dividends on Equity
Securities that are attributable to foreign corporations may be subject to
foreign withholding taxes and Unitholders should consult their tax advisers
regarding the potential tax consequences relating to the payment of any such
withholding taxes by the Trust. Any dividends withheld as a result thereof will
nevertheless be treated as income to the Unitholders. Because under the grantor
trust rules, an investor is deemed to have paid directly his share of foreign
taxes that have been paid or accrued, if any, an investor may be entitled to a
foreign tax credit or deduction for United States tax purposes with respect to
such taxes. A required holding period is imposed for such credits.

         Any gain or loss recognized on a sale or exchange will, under current
law, generally be capital gain or loss.

         The scope of this opinion is expressly limited to the matters set forth
herein, and, except as expressly set forth above, we express no opinion with
respect to any other taxes, including foreign, state or local taxes or
collateral tax consequences with respect to the purchase, ownership and
disposition of Units.

                                                                Very truly yours

                                                              CHAPMAN AND CUTLER







                                                                     EXHIBIT 3.3

                                WINSTON & STRAWN
                                 200 Park Avenue
                          New York, New York 10166-4193

December 7, 1999


Van Kampen Focus Portfolios, Series 190
c/o The Bank of New York, As Trustee
101 Barclay Street, 17 West
New York, New York  10286

Dear Sirs:

         We have acted as special counsel for the Van Kampen Focus Portfolios,
Series 190 (the "Fund") consisting of Great American Equities Trust, Series 3
and Great American Value Trust, Series 1 (individually a "Trust" and, in the
aggregate, the "Trusts") for purposes of determining the applicability of
certain New York taxes under the circumstances hereinafter described.

         The Fund is created pursuant to a Trust Agreement (the "Indenture"),
dated as of today (the "Date of Deposit") among Van Kampen Funds Inc. (the
"Depositor"), American Portfolio Evaluation Services, a division of an affiliate
of the Depositor, as Evaluator, Van Kampen Investment Advisory Corp., an
affiliate of the Depositor, as Supervisory Servicer (the "Supervisory
Servicer"), and The Bank of New York, as trustee (the "Trustee"). As described
in the prospectus relating to the Fund dated today to be filed as an amendment
to a registration statement heretofore filed with the Securities and Exchange
Commission under the Securities Act of 1933, as amended (respectively the
"Prospectus" and the "Regulation Statement") (File Number 333-90507), the
objectives of the Fund are to provide the potential for dividend income and
capital appreciation through investment in a fixed portfolio of actively traded
equity securities of companies engaged in, providing services to companies in,
the industry identified in Trust's name, or are the type of securities
identified in the name of the Trusts. It is noted that no opinion is expressed
herein with regard to the Federal tax aspects of the securities, the Trusts,
units of the Trusts (the "Units"), or any income, gains or losses in respect
thereof.

         As more fully set forth in the Indenture and in the Prospectus, the
activities of the Trustee will include the following:

         On the Date of Deposit, the Depositor will deposit with the Trustee
with respect to the Trust the securities and/or contracts and cash for the
purchase thereof together with an irrevocable letter of credit in the amount
required for the purchase price of the securities comprising the corpus of the
Trust as more fully set forth in the Prospectus.

         The Trustee did not participate in the selection of the securities to
be deposited in the Trust, and, upon the receipt thereof, will deliver to the
Depositor a registered certificate for the number of Units representing the
entire capital of the Trusts as more fully set forth in the Prospectus. The
Units, which are represented by certificates ("Certificates"), will be offered
to the public upon the effectiveness of the registration statement.

         The duties of the Trustee, which are ministerial in nature, will
consist primarily of crediting the appropriate accounts with cash dividends
received by the Fund and with the proceeds from the disposition of securities
held in the Fund and the proceeds of the treasury obligation on maturity and the
distribution of such cash dividends and proceeds to the Unit holders. The
Trustee will also maintain records of the registered holders of Certificates
representing an interest in the Fund and administer the redemption of Units by
such Certificate holders and may perform certain administrative functions with
respect to an automatic reinvestment option.

         Generally, equity securities held in the Trust may be removed therefrom
by the Trustee at the direction of the Depositor upon the occurrence of certain
specified events which adversely affect the sound investment character of the
Fund, such as default by the issuer in payment of declared dividends or of
interest or principal on one or more of its debt obligations.

         Prior to the termination of the Fund, the Trustee is empowered to sell
equity securities designated by the Supervisory Servicer only for the purpose of
redeeming Units tendered to it and of paying expenses for which funds are not
available. The Trustee does not have the power to vary the investment of any
Unit holder in the Fund, and under no circumstances may the proceeds of sale of
any equity securities held by the Fund be used to purchase new equity securities
to be held therein.

         Article 9-A of the New York Tax Law imposes a franchise tax on business
corporations, and, for purposes of that Article, Section 208(l) defines the term
"corporation" to include, among other things, "any business conducted by a
trustee or trustees wherein interest or ownership is evidenced by certificate or
other written instrument."

         The Regulations promulgated under Section 208 provide as follows:

                  A business conducted by a trustee or trustees in which
                  interest or ownership is evidenced by certificate or other
                  written instrument includes, but is not limited to, an
                  association commonly referred to as a "business trust" or
                  "Massachusetts trust". In determining whether a trustee or
                  trustees are conducting a business, the form of the agreement
                  is of significance but is not controlling. The actual
                  activities of the trustee or trustees, not their purposes and
                  powers, will be regarded as decisive factors in determining
                  whether a trust is subject to tax under Article 9-A. The mere
                  investment of funds and the collection of income therefrom,
                  with incidental replacement of securities and reinvestment of
                  funds, does not constitute the conduct of a business in the
                  case of a business conducted by a trustee or trustees. 20
                  NYCRR 1-2.5(b)(2) (July 11, 1990).

         New York cases dealing with the question of whether a trust will be
subject to the franchise tax have also delineated the general rule that where a
trustee merely invests funds and collects and distributes the income therefrom,
the trust is not engaged in business and is not subject to the franchise tax.
Burrell v. Lynch, 274 A.D. 347, 84 N.Y.S.2d 171 (3rd Dept. 1948), order
resettled, 274 A.D. 1083, 85 N.Y.S.2d 705 (3rd Dept. 1949).

         In an Opinion of the Attorney General of the State of New York, 47 N.Y.
Att'y. Gen. Rep. 213 (Nov. 24, 1942), it was held that where the trustee of an
unincorporated investment trust was without authority to reinvest amounts
received upon the sales of securities and could dispose of securities making up
the trust only upon the happening of certain specified events or the existence
of certain specified conditions, the trust was not subject to the franchise tax.

         In the instant situation, the Trustee is not empowered to, and we
assume will not, sell equity securities contained in the corpus of the Fund and
reinvest the proceeds therefrom. Further, the power to sell such equity
securities is limited to circumstances in which the credit-worthiness or
soundness of the issuer of such equity security is in question or in which cash
is needed to pay redeeming Unit holders or to pay expenses, or where the Fund is
liquidated subsequent to the termination of the Indenture. In substance, the
Trustee will merely collect and distribute income and will not reinvest any
income or proceeds, and the Trustee has no power to vary the investment of any
Unit holder in the Fund.

         Under Subpart E of Part I, Subchapter J of Chapter 1 of the Internal
Revenue Code of 1986, as amended (the "Code"), the grantor of a trust will be
deemed to be the owner of the trust under certain circumstances, and therefore
taxable on his proportionate interest in the income thereof. Where this Federal
tax rule applies, the income attributed to the grantor will also be income to
him for New York income tax purposes. See TSB-M-78(9)(c), New York Department of
Taxation and Finance, June 23, 1978.

         By letter dated today, Messrs. Chapman and Cutler, counsel for the
Depositor, rendered their opinion that each Unit holder will be considered as
owning a share of each asset of the Trust in the proportion that the number of
Units held by such holder bears to the total number of Units outstanding and the
income of a Trust will be treated as the income of each Unit holder in said
proportion pursuant to Subpart E of Part I, Subchapter J of Chapter 1 of the
Code.

         Based on the foregoing and on the opinion of Messrs. Chapman and
Cutler, counsel for the Depositor, dated today, upon which we specifically rely,
we are of the opinion that under existing laws, rulings, and court decisions
interpreting the laws of the State and City of New York:

               1. Each of the Trusts will not constitute an association taxable
          as a corporation under New York law, and, accordingly, will not be
          subject to tax on its income under the New York State franchise tax or
          the New York City general corporation tax.

               2. The income of the Trusts will be treated as the income of the
          Unit holders under the income tax laws of the State and City of New
          York.

               3. Unit holders who are not residents of the State of New York
          are not subject to the income tax laws thereof with respect to any
          interest or gain derived from the Fund or any gain from the sale or
          other disposition of the Units, except to the extent that such
          interest or gain is from property employed in a business, trade,
          profession or occupation carried on in the State of New York.

         We hereby consent to the filing of this opinion as an exhibit to the
Registration Statement relating to the Units and to the use of our name and the
reference to our firm in the Registration Statement and in the Prospectus.

                                                               Very truly yours,

                                                                WINSTON & STRAWN







                                                                     EXHIBIT 4.1

                                Interactive Data
                           FINANCIAL TIMES Information
             100 William Street, 15th Floor, New York, NY 10038 USA
                    Tel: (212) 269-6300 Fax: (212) 771-6445


December 6, 1999


Van Kampen Funds Inc.
One Parkview Plaza
Oakbrook Terrace, IL 60181


Re:  Van Kampen Focus Portfolios Great American Equities Trust, Series 3 Great
     American Value Trust, Series 1 (A Unit Investment Trust) Registered Under
     the Securities Act of 1933, File No. 333-90507


  Gentlemen:

         We have examined the Registration Statement for the above captioned
Fund, a copy of which is attached hereto.

         We hereby consent to the reference in the Prospectus and Registration
Statement for the above captioned Fund to Interactive Data Corporation, as the
Evaluator, and to the use of the Obligations prepared by us which are referred
to in such Prospectus and Statement.

         You are authorized to file copies of this letter with the Securities
and Exchange Commission.

Very truly yours,


Steve Miano
Director Fixed Income Data Operations








                                                                     EXHIBIT 4.2

                INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS' CONSENT

         We have issued our report dated December 7, 1999 on the statements of
condition and related securities portfolios of Van Kampen Focus Portfolios,
Series 190 as of December 7, 1999 contained in the Registration Statement on
Form S-6 and Prospectus. We consent to the use of our report in the Registration
Statement and Prospectus and to the use of our name as it appears under the
caption "Other Matters-Independent Certified Public Accountants."



                                                              Grant Thornton LLP

Chicago, Illinois
December 7, 1999






© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission