<PAGE> PAGE 1
000 B000000 12/31/96
000 C000000 0000045507
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.
000 J000000 U
001 A000000 VKAC HARBOR FUND
001 B000000 811-00734
001 C000000 6306846000
002 A000000 ONE PARKVIEW PLAZA
002 B000000 OAKBROOK TERRACE
002 C000000 IL
002 D010000 60181
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
008 A000001 VAN KAMPEN AMERICAN CAPITAL ASSET MGT., INC.
008 B000001 A
008 C000001 801-8286
008 D010001 OAKBROOK TERRACE
008 D020001 IL
008 D030001 60181
011 A000001 VAN KAMPEN AMERICAN CAPITAL DISTRIBUTORS, INC
011 B000001 8-19903
011 C010001 OAKBROOK TERRACE
011 C020001 IL
011 C030001 60181
012 A000001 ACCESS INVESTORS SERVICES, INC.
012 B000001 84-01621
012 C010001 KANSAS CITY
012 C020001 MO
012 C030001 64141
012 C040001 9256
013 A000001 PRICE WATERHOUSE LLP
013 B010001 HOUSTON
013 B020001 TX
013 B030001 77002
014 A000001 Morgan Stanley & Co., Incorporated
014 B000001 8-
014 B000002
015 A000001 STATE STREET BANK & TRUST CO.
015 B000001 C
015 C010001 BOSTON
015 C020001 MA
015 C030001 02110
<PAGE> PAGE 2
015 E010001 X
018 000000 Y
019 A000000 Y
019 B000000 114
019 C000000 VANKAMPENA
020 A000001 MERRILL LYNCH INC
020 B000001 13-5674085
020 C000001 43
020 A000002 SALOMON BROTHERS INC
020 B000002 13-3082694
020 C000002 38
020 A000003 LEHMAN BROTHERS INC
020 B000003 13-2518466
020 C000003 35
020 A000004 GOLDMAN, SACHS & CO
020 B000004 13-5108880
020 C000004 32
020 A000005 MORGAN STANLEY & CO INC
020 B000005 13-2655998
020 C000005 27
020 A000006 NATWEST SECURITIES CORP
020 B000006 14-9980001
020 C000006 23
020 A000007 PIPER JAFFRAY
020 B000007 41-0953246
020 C000007 19
020 A000008 BEAR STEARNS
020 B000008 13-3299429
020 C000008 16
020 A000009 BRIDGE TRADING
020 B000009 43-1450530
020 C000009 16
020 A000010 AUTRANET
020 B000010 13-2961507
020 C000010 15
021 000000 480
022 A000001 GENERAL ELECTRIC CAPITAL CORP
022 B000001 06-1076552
022 C000001 2635182
022 D000001 0
022 A000002 ASSOCIATES CORP OF NORTH AMERICA
022 B000002 74-1494554
022 C000002 733446
022 D000002 0
022 A000003 LEHMAN BROTHERS INC
022 B000003 13-2518466
022 C000003 425180
022 D000003 13678
022 A000004 SBC CAPITAL MARKETS INC
022 B000004 13-2639550
022 C000004 377910
<PAGE> PAGE 3
022 D000004 0
022 A000005 BANKAMERICA CORP
022 B000005 ----------
022 C000005 320632
022 D000005 0
022 A000006 MERRILL LYNCH & CO INC
022 B000006 13-5674085
022 C000006 93954
022 D000006 47854
022 A000007 STATE STREET BANK & TRUST CO
022 B000007 04-1867445
022 C000007 112000
022 D000007 0
022 A000008 DONALDSON, LUFKIN & JENRET
022 B000008 13-2741729
022 C000008 100366
022 D000008 8419
022 A000009 PRUDENTIAL SECURITIES
022 B000009 22-2347336
022 C000009 96758
022 D000009 2086
022 A000010 GOLDMAN SACHS
022 B000010 13-5108880
022 C000010 42592
022 D000010 36230
023 C000000 5294915
023 D000000 5378996
024 000000 Y
025 A000001 MERRILL LYNCH & CO INC
025 B000001 13-5674085
025 C000001 D
025 D000001 7314
025 A000002 GENERAL ELECTRIC CAPITAL CORP
025 B000002 06-1076552
025 C000002 D
025 D000002 3279
026 A000000 Y
026 B000000 Y
026 C000000 Y
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
028 A010000 11243
028 A020000 0
028 A030000 0
028 A040000 18585
028 B010000 4093
<PAGE> PAGE 4
028 B020000 0
028 B030000 0
028 B040000 6263
028 C010000 8377
028 C020000 2821
028 C030000 0
028 C040000 11566
028 D010000 20532
028 D020000 0
028 D030000 0
028 D040000 19054
028 E010000 7648
028 E020000 0
028 E030000 0
028 E040000 16632
028 F010000 2958
028 F020000 3101
028 F030000 0
028 F040000 7004
028 G010000 54851
028 G020000 5922
028 G030000 0
028 G040000 79104
028 H000000 49035
029 000000 Y
030 A000000 386
030 B000000 5.75
030 C000000 0.00
031 A000000 19
031 B000000 0
032 000000 367
033 000000 0
034 000000 Y
035 000000 84
036 A000000 N
036 B000000 0
037 000000 N
038 000000 0
039 000000 N
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041 000000 Y
042 A000000 0
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042 D000000 833
042 E000000 0
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043 000000 1484
044 000000 0
<PAGE> PAGE 5
045 000000 Y
046 000000 N
047 000000 Y
048 000000 0.00
048 A010000 350000
048 A020000 0.550
048 B010000 350000
048 B020000 0.500
048 C010000 350000
048 C020000 0.450
048 D010000 0
048 D020000 0.000
048 E010000 0
048 E020000 0.000
048 F010000 0
048 F020000 0.000
048 G010000 0
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048 H010000 0
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048 I010000 0
048 I020000 0.000
048 J010000 0
048 J020000 0.000
048 K010000 1050000
048 K020000 0.400
049 000000 N
050 000000 N
051 000000 N
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053 A000000 Y
053 B000000 N
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056 000000 N
<PAGE> PAGE 6
057 000000 N
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062 L000000 0.0
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062 Q000000 0.0
062 R000000 39.6
066 A000000 Y
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070 C020000 N
070 D010000 Y
070 D020000 N
070 E010000 Y
070 E020000 N
070 F010000 Y
070 F020000 N
070 G010000 Y
070 G020000 N
070 H010000 Y
070 H020000 N
<PAGE> PAGE 7
070 I010000 N
070 I020000 N
070 J010000 Y
070 J020000 Y
070 K010000 N
070 K020000 N
070 L010000 Y
070 L020000 Y
070 M010000 Y
070 M020000 N
070 N010000 N
070 N020000 N
070 O010000 Y
070 O020000 N
070 P010000 Y
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 N
070 R020000 N
071 A000000 564280
071 B000000 621864
071 C000000 436388
071 D000000 129
072 A000000 12
072 B000000 15557
072 C000000 6071
072 D000000 0
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072 G000000 0
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072 J000000 13
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072 M000000 42
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072 O000000 0
072 P000000 0
072 Q000000 129
072 R000000 38
072 S000000 34
072 T000000 1634
072 U000000 0
072 V000000 0
072 W000000 225
072 X000000 5688
072 Y000000 17
072 Z000000 15957
072AA000000 30087
<PAGE> PAGE 8
072BB000000 0
072CC010000 5783
072CC020000 0
072DD010000 13429
072DD020000 2189
072EE000000 28015
073 A010000 0.5550
073 A020000 0.4350
073 B000000 1.17950
073 C000000 0.0000
074 A000000 2
074 B000000 0
074 C000000 3279
074 D000000 257171
074 E000000 110006
074 F000000 70194
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 15099
074 K000000 0
074 L000000 3465
074 M000000 7
074 N000000 459223
074 O000000 0
074 P000000 269
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 3366
074 S000000 0
074 T000000 455588
074 U010000 24784
074 U020000 5265
074 V010000 15.05
074 V020000 14.99
074 W000000 0.000
074 X000000 28996
074 Y000000 0
075 A000000 0
075 B000000 461248
077 A000000 Y
077 B000000 Y
077 C000000 Y
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
<PAGE> PAGE 9
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 Y
077 P000000 N
077 Q010000 N
077 Q020000 N
077 Q030000 N
078 000000 N
080 A000000 ICI MUTUAL INSURANCE COMPANY
080 B000000 N/A
080 C000000 65000
081 A000000 Y
081 B000000 96
082 A000000 Y
082 B000000 100
083 A000000 N
083 B000000 0
084 A000000 N
084 B000000 0
085 A000000 Y
085 B000000 N
SIGNATURE DENNIS J MCDONNELL
TITLE PRES, CEO & TRUSTEE
<TABLE>
Harbor Fund
10f-3 Transactions
<CAPTION>
Underwriting Purchased From Amount Purchased % of Underwriting Date of Purchase
<S> <C> <C> <C> <C>
SunAmerica PERCS Merrill Lynch 127,500 1.275% 10/31/96
Amcor Limited Merrill Lynch 40,000 0.020% 11/13/96
Coachman Industries Oppenheimer 42,500 2.361% 11/14/96
Salomon/Cincinnati Salomon Brothers 42,500 1.417% 11/15/96
Bell Exchange Notes
GeoTel Alex Brown 2,100 0.095% 11/20/96
U.S. Filter Corp. DLJ 2,000,000 1.00% 12/12/96
Convertible Bond
Microsoft Corp. Goldman Sachs 35,000 0.320% 12/17/96
BA Merchant Services Goldman Sachs 1,300 0.009% 12/18/96
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 11
<NAME> VKAC Harbor Fund Class A
<MULTIPLIER> 1
<CAPTION>
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> DEC-31-1996
<INVESTMENTS-AT-COST> 394560740<F1>
<INVESTMENTS-AT-VALUE> 440649454<F1>
<RECEIVABLES> 18564811<F1>
<ASSETS-OTHER> 7089<F1>
<OTHER-ITEMS-ASSETS> 2000<F1>
<TOTAL-ASSETS> 459223354<F1>
<PAYABLE-FOR-SECURITIES> 0<F1>
<SENIOR-LONG-TERM-DEBT> 0<F1>
<OTHER-ITEMS-LIABILITIES> 3634995<F1>
<TOTAL-LIABILITIES> 3634995<F1>
<SENIOR-EQUITY> 0<F1>
<PAID-IN-CAPITAL-COMMON> 322930689
<SHARES-COMMON-STOCK> 24783565
<SHARES-COMMON-PRIOR> 26217588
<ACCUMULATED-NII-CURRENT> 1590591<F1>
<OVERDISTRIBUTION-NII> 0<F1>
<ACCUMULATED-NET-GAINS> 2071254<F1>
<OVERDISTRIBUTION-GAINS> 0<F1>
<ACCUM-APPREC-OR-DEPREC> 46088714<F1>
<NET-ASSETS> 373099079
<DIVIDEND-INCOME> 6070653<F1>
<INTEREST-INCOME> 15557270<F1>
<OTHER-INCOME> 0<F1>
<EXPENSES-NET> (5670920)<F1>
<NET-INVESTMENT-INCOME> 15957003<F1>
<REALIZED-GAINS-CURRENT> 30086825<F1>
<APPREC-INCREASE-CURRENT> 5783287<F1>
<NET-CHANGE-FROM-OPS> 51827115<F1>
<EQUALIZATION> 0<F1>
<DISTRIBUTIONS-OF-INCOME> (13429245)
<DISTRIBUTIONS-OF-GAINS> (28014766)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4875165
<NUMBER-OF-SHARES-REDEEMED> (8572686)
<SHARES-REINVESTED> 2263498
<NET-CHANGE-IN-ASSETS> (21376896)
<ACCUMULATED-NII-PRIOR> 714396<F1>
<ACCUMULATED-GAINS-PRIOR> 6673982<F1>
<OVERDISTRIB-NII-PRIOR> 0<F1>
<OVERDIST-NET-GAINS-PRIOR> 0<F1>
<GROSS-ADVISORY-FEES> 2481240<F1>
<INTEREST-EXPENSE> 0<F1>
<GROSS-EXPENSE> 5687920<F1>
<AVERAGE-NET-ASSETS> 379383974
<PER-SHARE-NAV-BEGIN> 15.05
<PER-SHARE-NII> 0.566
<PER-SHARE-GAIN-APPREC> 1.173
<PER-SHARE-DIVIDEND> (0.555)
<PER-SHARE-DISTRIBUTIONS> (1.180)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.054
<EXPENSE-RATIO> 1.09
<AVG-DEBT-OUTSTANDING> 0<F1>
<AVG-DEBT-PER-SHARE> 0<F1>
<FN>
<F1>
This item relates to the Fund on a composite basis and not on a class basis.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 12
<NAME> VKAC Harbor Fund Class B
<MULTIPLIER> 1
<CAPTION>
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> DEC-31-1996
<INVESTMENTS-AT-COST> 394560740<F1>
<INVESTMENTS-AT-VALUE> 440649454<F1>
<RECEIVABLES> 18564811<F1>
<ASSETS-OTHER> 7089<F1>
<OTHER-ITEMS-ASSETS> 2000<F1>
<TOTAL-ASSETS> 459223354<F1>
<PAYABLE-FOR-SECURITIES> 0<F1>
<SENIOR-LONG-TERM-DEBT> 0<F1>
<OTHER-ITEMS-LIABILITIES> 3634995<F1>
<TOTAL-LIABILITIES> 3634995<F1>
<SENIOR-EQUITY> 0<F1>
<PAID-IN-CAPITAL-COMMON> 79342379
<SHARES-COMMON-STOCK> 5264665
<SHARES-COMMON-PRIOR> 5207479
<ACCUMULATED-NII-CURRENT> 1590591<F1>
<OVERDISTRIBUTION-NII> 0<F1>
<ACCUMULATED-NET-GAINS> 2071254<F1>
<OVERDISTRIBUTION-GAINS> 0<F1>
<ACCUM-APPREC-OR-DEPREC> 46088714<F1>
<NET-ASSETS> 78927217
<DIVIDEND-INCOME> 6070653<F1>
<INTEREST-INCOME> 15557270<F1>
<OTHER-INCOME> 0<F1>
<EXPENSES-NET> (5670920)<F1>
<NET-INVESTMENT-INCOME> 15957003<F1>
<REALIZED-GAINS-CURRENT> 30086825<F1>
<APPREC-INCREASE-CURRENT> 5783287<F1>
<NET-CHANGE-FROM-OPS> 51827115<F1>
<EQUALIZATION> 0<F1>
<DISTRIBUTIONS-OF-INCOME> (2188814)
<DISTRIBUTIONS-OF-GAINS> (5855197)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 703001
<NUMBER-OF-SHARES-REDEEMED> (1109391)
<SHARES-REINVESTED> 463576
<NET-CHANGE-IN-ASSETS> 850364
<ACCUMULATED-NII-PRIOR> 714396<F1>
<ACCUMULATED-GAINS-PRIOR> 6673982<F1>
<OVERDISTRIB-NII-PRIOR> 0<F1>
<OVERDIST-NET-GAINS-PRIOR> 0<F1>
<GROSS-ADVISORY-FEES> 2481240<F1>
<INTEREST-EXPENSE> 0<F1>
<GROSS-EXPENSE> 5687920<F1>
<AVERAGE-NET-ASSETS> 78235178
<PER-SHARE-NAV-BEGIN> 14.99
<PER-SHARE-NII> 0.437
<PER-SHARE-GAIN-APPREC> 1.180
<PER-SHARE-DIVIDEND> (0.435)
<PER-SHARE-DISTRIBUTIONS> (1.180)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.992
<EXPENSE-RATIO> 1.88
<AVG-DEBT-OUTSTANDING> 0<F1>
<AVG-DEBT-PER-SHARE> 0<F1>
<FN>
<F1>
This item relates to the Fund on a composite basis and not on a class basis.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 13
<NAME> VKAC Harbor Fund Class C
<MULTIPLIER> 1
<CAPTION>
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> DEC-31-1996
<INVESTMENTS-AT-COST> 394560740<F1>
<INVESTMENTS-AT-VALUE> 440649454<F1>
<RECEIVABLES> 18564811<F1>
<ASSETS-OTHER> 7089<F1>
<OTHER-ITEMS-ASSETS> 2000<F1>
<TOTAL-ASSETS> 459223354<F1>
<PAYABLE-FOR-SECURITIES> 0<F1>
<SENIOR-LONG-TERM-DEBT> 0<F1>
<OTHER-ITEMS-LIABILITIES> 3634995<F1>
<TOTAL-LIABILITIES> 3634995<F1>
<SENIOR-EQUITY> 0<F1>
<PAID-IN-CAPITAL-COMMON> 3564732
<SHARES-COMMON-STOCK> 236225
<SHARES-COMMON-PRIOR> 243491
<ACCUMULATED-NII-CURRENT> 1590591<F1>
<OVERDISTRIBUTION-NII> 0<F1>
<ACCUMULATED-NET-GAINS> 2071254<F1>
<OVERDISTRIBUTION-GAINS> 0<F1>
<ACCUM-APPREC-OR-DEPREC> 46088714<F1>
<NET-ASSETS> 3562063
<DIVIDEND-INCOME> 6070653<F1>
<INTEREST-INCOME> 15557270<F1>
<OTHER-INCOME> 0<F1>
<EXPENSES-NET> (5670920)<F1>
<NET-INVESTMENT-INCOME> 15957003<F1>
<REALIZED-GAINS-CURRENT> 30086825<F1>
<APPREC-INCREASE-CURRENT> 5783287<F1>
<NET-CHANGE-FROM-OPS> 51827115<F1>
<EQUALIZATION> 0<F1>
<DISTRIBUTIONS-OF-INCOME> (101256)
<DISTRIBUTIONS-OF-GAINS> (274459)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 58788
<NUMBER-OF-SHARES-REDEEMED> (85772)
<SHARES-REINVESTED> 19718
<NET-CHANGE-IN-ASSETS> (107262)
<ACCUMULATED-NII-PRIOR> 714396<F1>
<ACCUMULATED-GAINS-PRIOR> 6673982<F1>
<OVERDISTRIB-NII-PRIOR> 0<F1>
<OVERDIST-NET-GAINS-PRIOR> 0<F1>
<GROSS-ADVISORY-FEES> 2481240<F1>
<INTEREST-EXPENSE> 0<F1>
<GROSS-EXPENSE> 5687920<F1>
<AVERAGE-NET-ASSETS> 3628817
<PER-SHARE-NAV-BEGIN> 15.07
<PER-SHARE-NII> 0.439
<PER-SHARE-GAIN-APPREC> 1.185
<PER-SHARE-DIVIDEND> (0.435)
<PER-SHARE-DISTRIBUTIONS> (1.180)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.079
<EXPENSE-RATIO> 1.88
<AVG-DEBT-OUTSTANDING> 0<F1>
<AVG-DEBT-PER-SHARE> 0<F1>
<FN>
<F1>
This item relates to the Fund on a composite basis and not on a class basis.
</FN>
</TABLE>
