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<PAGE> PAGE 2
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<PAGE> PAGE 3
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SIGNATURE DENNIS J MCDONNELL
TITLE PRES, CEO & TRUSTEE
NSAR ITEM 77C
Van Kampen American Capital Enterprise Fund
(a) A Special Meeting of Shareholders was held on May 28, 1997.
(b) The election of Trustees of Van Kampen American Capital Enterprise Fund
(the "Fund") included:
J. Miles Branagan, Richard M. DeMartini, Linda Hutton Heagy,
R. Craig Kennedy, Jack E. Nelson, Jerome L. Robinson, Phillip B. Rooney,
Fernando Sisto and Wayne W. Whalen
(c) The following were voted on at the meeting:
(1) Approval of New Investment Advisory Agreement in the event of a
change of control of the Adviser.
For 63,615,433 Against 1,296,470
(4) For each AC Fund, to Ratify the Selection of Price Waterhouse LLP
Independent Public Accountants for its Current Fiscal Year.
For 64,728,914 Against 566,263
NSAR ITEM 77O
Van Kampen American Capital Enterprise Fund
10f-3 Transactions
<TABLE>
<CAPTION>
Amount of shares
Underwriting # Underwriting Purchased From Purchased % of Underwriting Date of Purchase
<S> <C> <C> <C> <C> <C>
1 American Stores
Company Goldman Sachs 57,000 0.370% 04/2/97
2 Wellpoint
Health Networks,
Inc. Salomon Brothers 120,000 1.200% 04/7/97
</TABLE>
Other Firms participating in Underwriting:
Underwriting for #1
- -------------------
J.P. Morgan Securities Inc.
Donaldson, Lufkin & Jenrette Securities Corporation
Morgan Stanley & Co. Incorporated
Smith Barney Inc.
ABN AMRO Chicago Corporation
BancAmerica Securities, Inc.
Chase Securities Inc.
Credit Suisse First Boston Corporation
Lehman Brothers Inc.
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Salomon Brothers Inc.
Tucker Anthony Incorporated
Underwriting for #2
- -------------------
Bear, Stearns & Co. Inc.
Merrill Lynch & Co.
Morgan Stanley & Co.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 11
<NAME> Enterprise Fund Class A
<MULTIPLIER> 1000
<CAPTION>
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 1423532<F1>
<INVESTMENTS-AT-VALUE> 1931402<F1>
<RECEIVABLES> 15717<F1>
<ASSETS-OTHER> 13<F1>
<OTHER-ITEMS-ASSETS> 18<F1>
<TOTAL-ASSETS> 1947150<F1>
<PAYABLE-FOR-SECURITIES> 8272<F1>
<SENIOR-LONG-TERM-DEBT> 0<F1>
<OTHER-ITEMS-LIABILITIES> 15471<F1>
<TOTAL-LIABILITIES> 23743<F1>
<SENIOR-EQUITY> 0<F1>
<PAID-IN-CAPITAL-COMMON> 944710
<SHARES-COMMON-STOCK> 85538
<SHARES-COMMON-PRIOR> 84453
<ACCUMULATED-NII-CURRENT> 5289<F1>
<OVERDISTRIBUTION-NII> 0<F1>
<ACCUMULATED-NET-GAINS> 107514<F1>
<OVERDISTRIBUTION-GAINS> 0<F1>
<ACCUM-APPREC-OR-DEPREC> 508999<F1>
<NET-ASSETS> 1480701
<DIVIDEND-INCOME> 7751<F1>
<INTEREST-INCOME> 7419<F1>
<OTHER-INCOME> 0<F1>
<EXPENSES-NET> (9766)<F1>
<NET-INVESTMENT-INCOME> 5404<F1>
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<APPREC-INCREASE-CURRENT> 149220<F1>
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<EQUALIZATION> 0<F1>
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<DISTRIBUTIONS-OF-GAINS> (22624)
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<PER-SHARE-NII> 0.064
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<FN>
<F1>
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</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 12
<NAME> Enterprise Fund Class B
<MULTIPLIER> 1000
<CAPTION>
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 1423532<F1>
<INVESTMENTS-AT-VALUE> 1931402<F1>
<RECEIVABLES> 15717<F1>
<ASSETS-OTHER> 13<F1>
<OTHER-ITEMS-ASSETS> 18<F1>
<TOTAL-ASSETS> 1947150<F1>
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<TOTAL-LIABILITIES> 23743<F1>
<SENIOR-EQUITY> 0<F1>
<PAID-IN-CAPITAL-COMMON> 321640
<SHARES-COMMON-STOCK> 23506
<SHARES-COMMON-PRIOR> 20498
<ACCUMULATED-NII-CURRENT> 5289<F1>
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<ACCUMULATED-NET-GAINS> 107514<F1>
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<NET-ASSETS> 399643
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<FN>
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</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 13
<NAME> Enterprise Fund Class C
<MULTIPLIER> 1000
<CAPTION>
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<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> JUN-30-1997
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<INVESTMENTS-AT-VALUE> 1931402<F1>
<RECEIVABLES> 15717<F1>
<ASSETS-OTHER> 13<F1>
<OTHER-ITEMS-ASSETS> 18<F1>
<TOTAL-ASSETS> 1947150<F1>
<PAYABLE-FOR-SECURITIES> 8272<F1>
<SENIOR-LONG-TERM-DEBT> 0<F1>
<OTHER-ITEMS-LIABILITIES> 15471<F1>
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<SENIOR-EQUITY> 0<F1>
<PAID-IN-CAPITAL-COMMON> 35255
<SHARES-COMMON-STOCK> 2515
<SHARES-COMMON-PRIOR> 2027
<ACCUMULATED-NII-CURRENT> 5289<F1>
<OVERDISTRIBUTION-NII> 0<F1>
<ACCUMULATED-NET-GAINS> 107514<F1>
<OVERDISTRIBUTION-GAINS> 0<F1>
<ACCUM-APPREC-OR-DEPREC> 508999<F1>
<NET-ASSETS> 43063
<DIVIDEND-INCOME> 7751<F1>
<INTEREST-INCOME> 7419<F1>
<OTHER-INCOME> 0<F1>
<EXPENSES-NET> (9766)<F1>
<NET-INVESTMENT-INCOME> 5404<F1>
<REALIZED-GAINS-CURRENT> 111267<F1>
<APPREC-INCREASE-CURRENT> 149220<F1>
<NET-CHANGE-FROM-OPS> 265891<F1>
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<DISTRIBUTIONS-OF-GAINS> (585)
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<NUMBER-OF-SHARES-REDEEMED> (2546)
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<NET-CHANGE-IN-ASSETS> 12647
<ACCUMULATED-NII-PRIOR> 530<F1>
<ACCUMULATED-GAINS-PRIOR> 25350<F1>
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<FN>
<F1>
Indicates composite number of the Fund.
</FN>
</TABLE>
