<PAGE> PAGE 1
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<PAGE> PAGE 2
012 A000001 VAN KAMPEN INVESTOR SERVICES INC.
012 B000001 84-01621
012 C010001 KANSAS CITY
012 C020001 MO
012 C030001 64141
013 A000001 PRICEWATERHOUSECOOPERS
013 B010001 CHICAGO
013 B020001 IL
013 B030001 60601
014 A000001 MORGAN STANLEY & CO. INCORPORATED
014 B000001 8-733537
014 A000002 DEAN WITTER REYNOLDS, INC.
014 B000002 8-728181
015 A000001 STATE STREET BANK & TRUST CO.
015 B000001 C
015 C010001 BOSTON
015 C020001 MA
015 C030001 02105
015 E010001 X
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020 A000001 SALOMON SMITH BARNEY INC.
020 B000001 13-1912900
020 C000001 330
020 A000002 FIRST BOSTON CORP.
020 B000002 13-5659485
020 C000002 189
020 A000003 MERRILL LYNCH INC.
020 B000003 13-5674085
020 C000003 163
020 A000004 MONTGOMERY SECURITIES
020 B000004 94-1701676
020 C000004 149
020 A000005 DONALDSON, LUFKIN & JENRETTE
020 B000005 13-2741729
020 C000005 140
020 A000006 SBC WARBURG, DILLION READ INC.
020 B000006 13-1339216
020 C000006 129
020 A000007 LEHMAN BROS INC.
020 B000007 13-2518466
020 C000007 121
020 A000008 BERNSTEIN SANFORD & CO.
020 B000008 13-2625874
020 C000008 94
020 A000009 GOLDMAN SACHS & CO.
020 B000009 13-5108880
020 C000009 85
020 A000010 PAINEWEBBER INC.
<PAGE> PAGE 3
020 B000010 13-2638166
020 C000010 84
021 000000 2098
022 A000001 GENERAL ELECTRIC CAPITAL CORP.
022 B000001 06-1076552
022 C000001 7003715
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022 B000002 22-2347336
022 C000002 1066179
022 D000002 0
022 A000003 BANKAMERICA CORP.
022 B000003 95-4035346
022 C000003 1057481
022 D000003 0
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022 B000004 13-2518466
022 C000004 429737
022 D000004 2228
022 A000005 SBC WARBURG, DILLION & READ
022 B000005 13-1339216
022 C000005 412944
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022 B000006 13-2741729
022 C000006 343055
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022 B000007 13-5108880
022 C000007 128746
022 D000007 22215
022 A000008 FUJI SECURITIES INC.
022 B000008 36-2880742
022 C000008 89287
022 D000008 29946
022 A000009 FIRST BOSTON CORP.
022 B000009 13-5659485
022 C000009 87650
022 D000009 17395
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022 B000010 13-2638166
022 C000010 84390
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<PAGE> PAGE 4
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<PAGE> PAGE 6
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SIGNATURE NICK DALMASO
TITLE ATTORNEY
To the Shareholders and
Board of Trustees of
the Van Kampen Growth and Income Fund
In planning and performing our audit of the financial statements of Van Kampen
Growth and Income Fund (the "Fund") for the year ended November 30, 1998, 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 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
control activities. Generally, control activities 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 control activities include the safeguarding of
assets against unauthorized acquisition, use or disposition.
Because of inherent limitations in internal control, errors or irregularities
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 weaknesses under standards
established by the American Institute of Certified Public Accountants. A
material weakness is a condition in which the design or operation of any
specific internal control components does not reduce to a relatively low level
the risk that errors or irregularities 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,
including control activities for safeguarding securities, that we consider to be
material weaknesses as defined above as of November 30, 1998.
This report is intended solely for the information and use of management and the
Board of Trustees of the Fund and the Securities and Exchange Commission.
PRICEWATERHOUSECOOPERS LLP
Chicago, Illinois
January 11, 1999
<TABLE>
<CAPTION>
NSAR ITEM 77O
VKAC Growth and Income Fund
10f-3 Transactions
Underwriting # Underwriting Purchased From Amount of shares % of Underwriting Date of Purchase
Purchased
<S> <C> <C> <C> <C> <C>
1 Rhodia ADS SBC Warburg 80,300 0.730% 06/25/98
Societe Generale
Donaldson, Lufkin &
Jenrette
2 Capstar Broadcasting Corp. First Boston 257,800 0.832% 05/26/98
BT Alex Brown
Goldman Sachs
Montgomery Securities
Bear Stearns
Salomon Smith Barney
</TABLE>
<PAGE>
Other Firms participating in Underwriting:
Underwriting for #1
Swiss Bank Corporation, acting through its division, SBC Warburg Dillion Read
Societe Generale
Morgan Stanley & Co. Incorporated
Donaldson, Lufkin & Jenrette International
Bear, Stearns International Limited
BT Alex. Brown International
Credit Suisse First Boston ( Europe) Limited
Goldman Sachs International
Paribas
Credit Agricole Indosuez
Banque Nationale de Paris
Credit Lyonnais
Credit commercial de france
ABN AMRO Rothschild
Dresdner Kleinwort Benson
Nomura International plc
Underwriting for #2
Credit Suisse First Boston Corporation
BT Alex. Brown Incorporated
Morgan Stanley & Co. Incorporated
Bear, Stearns & Co. Inc.
Goldman, Sachs & Co.
NationsBanc Montgomery Securities LLC
Smith Barney Inc.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
<F1> This item relates to the Fund on a composite
basis and not on a class basis
</LEGEND>
<SERIES>
<NUMBER> 11
<NAME> GROWTH AND INCOME - C1A
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> NOV-30-1998
<PERIOD-START> DEC-01-1997
<PERIOD-END> NOV-30-1998
<INVESTMENTS-AT-COST> 1,142,538,848 <F1>
<INVESTMENTS-AT-VALUE> 1,405,950,701 <F1>
<RECEIVABLES> 5,519,219 <F1>
<ASSETS-OTHER> 4,328 <F1>
<OTHER-ITEMS-ASSETS> 60,057 <F1>
<TOTAL-ASSETS> 1,411,534,305 <F1>
<PAYABLE-FOR-SECURITIES> 0 <F1>
<SENIOR-LONG-TERM-DEBT> 0 <F1>
<OTHER-ITEMS-LIABILITIES> 22,258,293 <F1>
<TOTAL-LIABILITIES> 22,258,293 <F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 644,640,721
<SHARES-COMMON-STOCK> 47,732,314
<SHARES-COMMON-PRIOR> 41,318,775
<ACCUMULATED-NII-CURRENT> 607,125 <F1>
<OVERDISTRIBUTION-NII> 0 <F1>
<ACCUMULATED-NET-GAINS> 71,437,419 <F1>
<OVERDISTRIBUTION-GAINS> 0 <F1>
<ACCUM-APPREC-OR-DEPREC> 271,665,940 <F1>
<NET-ASSETS> 901,274,388
<DIVIDEND-INCOME> 17,988,248 <F1>
<INTEREST-INCOME> 8,898,666 <F1>
<OTHER-INCOME> 0 <F1>
<EXPENSES-NET> (15,471,792)<F1>
<NET-INVESTMENT-INCOME> 11,415,122 <F1>
<REALIZED-GAINS-CURRENT> 72,622,898 <F1>
<APPREC-INCREASE-CURRENT> 101,531,711 <F1>
<NET-CHANGE-FROM-OPS> 185,569,731 <F1>
<EQUALIZATION> 0 <F1>
<DISTRIBUTIONS-OF-INCOME> (10,777,270)
<DISTRIBUTIONS-OF-GAINS> (92,498,080)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 24,895,780
<NUMBER-OF-SHARES-REDEEMED> (24,293,403)
<SHARES-REINVESTED> 5,811,162
<NET-CHANGE-IN-ASSETS> 127,941,276
<ACCUMULATED-NII-PRIOR> 2,619,132 <F1>
<ACCUMULATED-GAINS-PRIOR> 137,013,165 <F1>
<OVERDISTRIB-NII-PRIOR> 0 <F1>
<OVERDIST-NET-GAINS-PRIOR> 0 <F1>
<GROSS-ADVISORY-FEES> 4,967,237 <F1>
<INTEREST-EXPENSE> 0 <F1>
<GROSS-EXPENSE> 15,471,792 <F1>
<AVERAGE-NET-ASSETS> 866,085,330
<PER-SHARE-NAV-BEGIN> 18.716
<PER-SHARE-NII> 0.200
<PER-SHARE-GAIN-APPREC> 2.441
<PER-SHARE-DIVIDEND> (0.230)
<PER-SHARE-DISTRIBUTIONS> (2.245)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 18.882
<EXPENSE-RATIO> 0.92
<AVG-DEBT-OUTSTANDING> 0 <F1>
<AVG-DEBT-PER-SHARE> 0 <F1>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
<F1> This item relates to the Fund on a composite
basis and not on a class basis
</LEGEND>
<SERIES>
<NUMBER> 12
<NAME> GROWTH AND INCOME - C1B
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> NOV-30-1998
<PERIOD-START> DEC-01-1997
<PERIOD-END> NOV-30-1998
<INVESTMENTS-AT-COST> 1,142,538,848 <F1>
<INVESTMENTS-AT-VALUE> 1,405,950,701 <F1>
<RECEIVABLES> 5,519,219 <F1>
<ASSETS-OTHER> 4,328 <F1>
<OTHER-ITEMS-ASSETS> 60,057 <F1>
<TOTAL-ASSETS> 1,411,534,305 <F1>
<PAYABLE-FOR-SECURITIES> 0 <F1>
<SENIOR-LONG-TERM-DEBT> 0 <F1>
<OTHER-ITEMS-LIABILITIES> 22,258,293 <F1>
<TOTAL-LIABILITIES> 22,258,293 <F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 363,757,370
<SHARES-COMMON-STOCK> 23,564,263
<SHARES-COMMON-PRIOR> 18,291,695
<ACCUMULATED-NII-CURRENT> 607,125 <F1>
<OVERDISTRIBUTION-NII> 0 <F1>
<ACCUMULATED-NET-GAINS> 71,437,419 <F1>
<OVERDISTRIBUTION-GAINS> 0 <F1>
<ACCUM-APPREC-OR-DEPREC> 271,665,940 <F1>
<NET-ASSETS> 442,355,314
<DIVIDEND-INCOME> 17,988,248 <F1>
<INTEREST-INCOME> 8,898,666 <F1>
<OTHER-INCOME> 0 <F1>
<EXPENSES-NET> (15,471,792)<F1>
<NET-INVESTMENT-INCOME> 11,415,122 <F1>
<REALIZED-GAINS-CURRENT> 72,622,898 <F1>
<APPREC-INCREASE-CURRENT> 101,531,711 <F1>
<NET-CHANGE-FROM-OPS> 185,569,731 <F1>
<EQUALIZATION> 0 <F1>
<DISTRIBUTIONS-OF-INCOME> (2,403,630)
<DISTRIBUTIONS-OF-GAINS> (41,387,552)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 7,916,780
<NUMBER-OF-SHARES-REDEEMED> (5,090,880)
<SHARES-REINVESTED> 2,446,668
<NET-CHANGE-IN-ASSETS> 101,586,553
<ACCUMULATED-NII-PRIOR> 2,619,132 <F1>
<ACCUMULATED-GAINS-PRIOR> 137,013,165 <F1>
<OVERDISTRIB-NII-PRIOR> 0 <F1>
<OVERDIST-NET-GAINS-PRIOR> 0 <F1>
<GROSS-ADVISORY-FEES> 4,967,237 <F1>
<INTEREST-EXPENSE> 0 <F1>
<GROSS-EXPENSE> 15,471,792 <F1>
<AVERAGE-NET-ASSETS> 405,392,917
<PER-SHARE-NAV-BEGIN> 18.630
<PER-SHARE-NII> 0.071
<PER-SHARE-GAIN-APPREC> 2.426
<PER-SHARE-DIVIDEND> (0.110)
<PER-SHARE-DISTRIBUTIONS> (2.245)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 18.772
<EXPENSE-RATIO> 1.69
<AVG-DEBT-OUTSTANDING> 0 <F1>
<AVG-DEBT-PER-SHARE> 0 <F1>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
<F1> This item relates to the Fund on a composite
basis and not on a class basis
</LEGEND>
<SERIES>
<NUMBER> 13
<NAME> GROWTH AND INCOME - C1C
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> NOV-30-1998
<PERIOD-START> DEC-01-1997
<PERIOD-END> NOV-30-1998
<INVESTMENTS-AT-COST> 1,142,538,848 <F1>
<INVESTMENTS-AT-VALUE> 1,405,950,701 <F1>
<RECEIVABLES> 5,519,219 <F1>
<ASSETS-OTHER> 4,328 <F1>
<OTHER-ITEMS-ASSETS> 60,057 <F1>
<TOTAL-ASSETS> 1,411,534,305 <F1>
<PAYABLE-FOR-SECURITIES> 0 <F1>
<SENIOR-LONG-TERM-DEBT> 0 <F1>
<OTHER-ITEMS-LIABILITIES> 22,258,293 <F1>
<TOTAL-LIABILITIES> 22,258,293 <F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 37,167,437
<SHARES-COMMON-STOCK> 2,430,676
<SHARES-COMMON-PRIOR> 1,905,824
<ACCUMULATED-NII-CURRENT> 1,663,595 <F1>
<OVERDISTRIBUTION-NII> 0 <F1>
<ACCUMULATED-NET-GAINS> 71,437,419 <F1>
<OVERDISTRIBUTION-GAINS> 0 <F1>
<ACCUM-APPREC-OR-DEPREC> 271,665,940 <F1>
<NET-ASSETS> 45,646,310
<DIVIDEND-INCOME> 17,988,248 <F1>
<INTEREST-INCOME> 8,898,666 <F1>
<OTHER-INCOME> 0 <F1>
<EXPENSES-NET> (15,471,792)<F1>
<NET-INVESTMENT-INCOME> 11,415,122 <F1>
<REALIZED-GAINS-CURRENT> 72,622,898 <F1>
<APPREC-INCREASE-CURRENT> 101,531,711 <F1>
<NET-CHANGE-FROM-OPS> 185,569,731 <F1>
<EQUALIZATION> 0 <F1>
<DISTRIBUTIONS-OF-INCOME> (246,229)
<DISTRIBUTIONS-OF-GAINS> (4,313,012)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,081,258
<NUMBER-OF-SHARES-REDEEMED> (785,695)
<SHARES-REINVESTED> 229,289
<NET-CHANGE-IN-ASSETS> 10,116,740
<ACCUMULATED-NII-PRIOR> 2,619,132 <F1>
<ACCUMULATED-GAINS-PRIOR> 137,013,165 <F1>
<OVERDISTRIB-NII-PRIOR> 0 <F1>
<OVERDIST-NET-GAINS-PRIOR> 0 <F1>
<GROSS-ADVISORY-FEES> 4,967,237 <F1>
<INTEREST-EXPENSE> 0 <F1>
<GROSS-EXPENSE> 15,471,792 <F1>
<AVERAGE-NET-ASSETS> 41,949,220
<PER-SHARE-NAV-BEGIN> 18.643
<PER-SHARE-NII> 0.072
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<PER-SHARE-DIVIDEND> (0.110)
<PER-SHARE-DISTRIBUTIONS> (2.245)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 18.779
<EXPENSE-RATIO> 1.69
<AVG-DEBT-OUTSTANDING> 0 <F1>
<AVG-DEBT-PER-SHARE> 0 <F1>
</TABLE>