VAN KAMPEN SENIOR FLOATING RATE FUND
NSAR-B, 1999-09-28
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SIGNATURE   SARA L. BADLER
TITLE       ATTORNEY



           INDEPENDENT AUDITORS' REPORT ON INTERNAL ACCOUNTING CONTROL

     The Board of Directors and Shareholders
     Van Kampen Senior Floating Rate Fund:

     In planning and performing our audit of the financial statements of the Van
     Kampen Senior Floating Rate Fund, for the twelve-month period ended July
     31, 1999, we considered its internal control, including control activities
     for safeguarding securities, in order to determine our auditing procedures
     for the purpose of expressing our opinion on the financial statements and
     to comply with the requirements of Form N-SAR, not to provide assurance on
     internal control.

     The management of the Van Kampen Senior Floating Rate Fund, is responsible
     for establishing and maintaining internal control. In fulfilling this
     responsibility, estimates and judgments by management are required to
     assess the expected benefits and related costs of controls. Generally,
     controls that are relevant to an audit pertain to the entity's objective of
     preparing financial statements for external purposes that are fairly
     presented in conformity with generally accepted accounting principles.
     Those controls include the safeguarding of assets against unauthorized
     acquisition, use or disposition.

     Because of inherent limitations in internal control, error or fraud may
     occur and not be detected. Also, projection of any evaluation of internal
     control to future periods is subject to the risk that it may become
     inadequate because of changes in conditions or that the effectiveness of
     the design and operation may deteriorate.

     Our consideration of internal control would not necessarily disclose all
     matters in internal control that might be material weakness under standards
     established by the American Institute of Certified Public Accountants. A
     material weakness is a condition in which the design or operation of one or
     more of the internal control components does not reduce to a relatively low
     level the risk that misstatements caused by error or fraud in amounts that
     would be material in relation to the financial statements being audited may
     occur and not be detected within a timely period by employees in the normal
     course of performing their assigned functions. However, we noted no matters
     involving internal control and its operation, including controls for
     safeguarding securities that we consider to be material weaknesses as
     defined above as of July 31, 1999.

     This report is intended solely for the information and use of management,
     the Board of Directors of Van Kampen Senior Floating Rate Fund, and the
     Securities and Exchange Commission and is not intended to be and should not
     be used by anyone other than these specified parties.


     September 14, 1999



<TABLE> <S> <C>

<ARTICLE>                                            6
<SERIES>
   <NUMBER>                                         11
   <NAME>                             SR FLOATING RATE
<MULTIPLIER>                                         1

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          JUL-31-1999
<PERIOD-START>                             AUG-01-1998
<PERIOD-END>                               JUL-31-1999
<INVESTMENTS-AT-COST>                    1,451,661,276
<INVESTMENTS-AT-VALUE>                   1,450,749,384
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<OTHER-ITEMS-ASSETS>                            12,742
<TOTAL-ASSETS>                           1,478,141,201
<PAYABLE-FOR-SECURITIES>                             0
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<SENIOR-EQUITY>                                      0
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<OVERDISTRIBUTION-NII>                               0
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<PER-SHARE-DIVIDEND>                            (0.640)
<PER-SHARE-DISTRIBUTIONS>                       (0.001)
<RETURNS-OF-CAPITAL>                             0.000
<PER-SHARE-NAV-END>                             10.085
<EXPENSE-RATIO>                                   1.60


</TABLE>


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