<PAGE> 1
SCHEDULE 14A INFORMATION
PROXY STATEMENT PURSUANT TO SECTION 14(A) OF THE SECURITIES
EXCHANGE ACT OF 1934 (AMENDMENT NO. )
Filed by the Co-Registrants [X]
Filed by a Party other than the Registrant [ ]
Check the appropriate box:
[ ] Preliminary Proxy Statement [ ] Confidential, for Use of the Com-
mission Only (as permitted
by
Rule 14a-6(e)(2))
[X] Definitive Proxy Statement
[ ] Definitive Additional Materials
[ ] Soliciting Material Pursuant to Rule 14a-11(c) or Rule 14a-12
VAN KAMPEN HIGH INCOME TRUST
VAN KAMPEN HIGH INCOME TRUST II
VAN KAMPEN INVESTMENT GRADE MUNICIPAL TRUST
VAN KAMPEN MUNICIPAL TRUST
VAN KAMPEN CALIFORNIA QUALITY MUNICIPAL TRUST
VAN KAMPEN NEW YORK QUALITY MUNICIPAL TRUST
VAN KAMPEN PENNSYLVANIA QUALITY MUNICIPAL TRUST
VAN KAMPEN FLORIDA QUALITY MUNICIPAL TRUST
VAN KAMPEN OHIO QUALITY MUNICIPAL TRUST
VAN KAMPEN TRUST FOR INSURED MUNICIPALS
VAN KAMPEN TRUST FOR INVESTMENT GRADE MUNICIPALS
VAN KAMPEN TRUST FOR INVESTMENT GRADE CALIFORNIA MUNICIPALS
VAN KAMPEN TRUST FOR INVESTMENT GRADE NEW YORK MUNICIPALS
VAN KAMPEN TRUST FOR INVESTMENT GRADE PENNSYLVANIA MUNICIPALS
VAN KAMPEN TRUST FOR INVESTMENT GRADE FLORIDA MUNICIPALS
VAN KAMPEN TRUST FOR INVESTMENT GRADE NEW JERSEY MUNICIPALS
VAN KAMPEN ADVANTAGE MUNICIPAL INCOME TRUST
VAN KAMPEN ADVANTAGE PENNSYLVANIA MUNICIPAL INCOME TRUST
VAN KAMPEN VALUE MUNICIPAL INCOME TRUST
VAN KAMPEN NEW JERSEY VALUE MUNICIPAL INCOME TRUST
VAN KAMPEN OHIO VALUE MUNICIPAL INCOME TRUST
VAN KAMPEN MASSACHUSETTS VALUE MUNICIPAL INCOME TRUST
VAN KAMPEN NEW YORK VALUE MUNICIPAL INCOME TRUST
VAN KAMPEN CALIFORNIA VALUE MUNICIPAL INCOME TRUST
VAN KAMPEN PENNSYLVANIA VALUE MUNICIPAL INCOME TRUST
VAN KAMPEN MUNICIPAL OPPORTUNITY TRUST
VAN KAMPEN FLORIDA MUNICIPAL OPPORTUNITY TRUST
VAN KAMPEN MUNICIPAL OPPORTUNITY TRUST II
VAN KAMPEN ADVANTAGE MUNICIPAL INCOME TRUST II
VAN KAMPEN SELECT SECTOR MUNICIPAL TRUST
VAN KAMPEN STRATEGIC SECTOR MUNICIPAL TRUST
VAN KAMPEN MUNICIPAL INCOME TRUST
VAN KAMPEN CALIFORNIA MUNICIPAL TRUST
VAN KAMPEN SENIOR INCOME TRUST
VAN KAMPEN BOND FUND
VAN KAMPEN INCOME TRUST
(Names of Co-Registrants as Specified in Their Charters)
Payment of Filing Fee (Check the appropriate box):
[X] No fee required.
[ ] Fee computed per Exchange Act Rules 14a-6(i)(1) and 0-11.
[ ] Fee paid previously with preliminary materials.
<PAGE> 2
- MAY 2000 -
IMPORTANT NOTICE
TO VAN KAMPEN
CLOSED-END FUND SHAREHOLDERS
QUESTIONS & ANSWERS
- --------------------------------------------------------------------------------
Although we recommend that you read the complete proxy statement, for your
convenience, we've provided a brief overview of the issues to be voted on.
- --------------------------------------------------------------------------------
Q WHY IS A SHAREHOLDER MEETING BEING HELD?
A Because each Van Kampen closed-end fund is traded on a nationally
recognized stock exchange and is required to hold an annual meeting of
shareholders
Q WHAT PROPOSALS WILL BE VOTED ON?
A You are being asked to elect nominees for the Board of Trustees and to
ratify the selection of the independent public accountants for your fund(s).
Q WILL MY VOTE MAKE A DIFFERENCE?
A Yes! Your vote is important and will make a difference in the developments
of your fund(s), no matter how many shares you own.
Q HOW DOES THE BOARD OF TRUSTEES RECOMMEND THAT I VOTE?
A They recommend that you vote "For" each proposal on the enclosed proxy
card.
Q WHY DOES THE PROXY STATEMENT LIST SEVERAL CLOSED-END FUNDS?
A The funds have similar proposals and it is cost-efficient to have a joint
proxy statement and one meeting.
Q WHERE DO I CALL FOR MORE INFORMATION?
A Please call Van Kampen Investor Services at 1-800-341-2929 from 7:30 a.m.
to 5:00 p.m. Central time, Monday through Friday.
<PAGE> 3
ABOUT THE PROXY CARD
Please vote on each issue using blue or black ink to mark an X in one of the
boxes provided on the proxy card.
ELECTION OF TRUSTEES - mark "For All" "Withhold" or "For All Except"
To withhold authority to vote for any one or more individual nominee(s), check
"For All Except" and write the nominee's name in the line below.
RATIFICATION OF INDEPENDENT PUBLIC ACCOUNTANTS - mark "For," "Against" or
"Abstain"
Sign, date and return the proxy card in the enclosed postage-paid envelope. All
registered owners of an account, as shown in the address, must sign the
card. When signing as attorney, trustee, executor, administrator, custodian,
guardian or corporate officer, please indicate your full title.
- --------------------------------------------------------------------------------
SAMPLE
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE
VAN KAMPEN XXXXX
JOINT ANNUAL MEETING OF SHAREHOLDERS
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
FOR
FOR ALL
ALL WITHHOLD EXCEPT
1. Authority to vote for the election [ ] [ ] [ ]
as Class X Trustees the
nominees named below:
FOR AGAINST ABSTAIN
2. To ratify the election
of XXXXXX as the accountants [ ] [ ] [ ]
for the Fund's current fiscal year.
XXXXXXXXX, XXXXXXXXX, XXXXXXXXXX
To withhold authority to vote for any one or
more individual nominee check "For All Except"
and write the nominee's name on the line below.
----------------------------------
Please be sure to sign and date this Proxy. Date
Shareholder sign here Co-owner sign here
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
<PAGE> 4
VAN KAMPEN CLOSED-END FUNDS
1 PARKVIEW PLAZA, PO BOX 5555
OAKBROOK TERRACE, ILLINOIS 60181-5555
TELEPHONE (800) 341-2929
NOTICE OF JOINT ANNUAL MEETING OF SHAREHOLDERS
TO BE HELD JUNE 21, 2000
Notice is hereby given to the holders of common shares of beneficial interest
("Common Shares") and, where applicable, the holders of preferred shares of
beneficial interest (the "Preferred Shares") of each of the Van Kampen Closed-
End Funds listed on Annex A (the "Funds") to the attached Proxy Statement that a
Joint Annual Meeting of the Shareholders of the Funds (the "Meeting") will be
held at the offices of Van Kampen Investments Inc., 1 Parkview Plaza, Oakbrook
Terrace, Illinois 60181-5555, on Wednesday, June 21, 2000, at 3:00 p.m., for the
following purposes:
<TABLE>
<S> <C>
1. To elect trustees in the following manner:
A. With respect to VIG, VKV, VCV, VMV, VJV, VNV, VOV, VPV,
VKS, VOT, VKI and VOF, to elect two Class I trustees by
the holders of the Common Shares of each Fund. Each
elected trustee will serve for a three year term or until
a successor shall have been duly elected and qualified.
B. With respect to VGM, VIM, VIC, VTF, VTJ, VTN, VTP, VMO,
VKA, VAP, VKQ, VQC, VFM, VOQ, VNM, VPQ, VMT, VKC, VLT and
VIT, to elect two Class II trustees, one by the holders
of the Common Shares of each Fund and one by the holders
of the Preferred Shares of each Fund. The Common Shares
and the Preferred Shares of each Fund will vote as
separate classes. Each elected trustee will serve for a
three year term or until a successor shall have been duly
elected and qualified.
C. With respect to VVR and VBF, to elect two Class II
trustees by the holders of the Common Shares of each Fund.
Each elected trustee will serve for a three year term or
until a successor shall have been elected and qualified.
</TABLE>
<PAGE> 5
<TABLE>
<S> <C>
D. With respect to VKL, to elect three Class III trustees, two by the
holders of the Common Shares of the Fund and one by the holders of the
Preferred Shares of the Fund. The Common Shares and the Preferred
Shares of the Fund will vote as separate classes. Each elected trustee
will serve for a three year term or until a successor shall have been
duly elected and qualified.
E. With respect to VIN, to elect three Class III trustees by the holders
of Common Shares of each Fund. Each elected trustee will serve for a
three year term or until a successor shall have been duly elected and
qualified.
2. To ratify the selection of independent public accountants:
For each Fund, to ratify the selection of Deloitte & Touche LLP as the
independent public accountants for the Fund.
3. To transact such other business as may properly come before the Meeting.
</TABLE>
Holders of record of the Common Shares and, where applicable, Preferred Shares
of each Fund at the close of business on April 28, 2000 are entitled to notice
of, and to vote at, the Meeting and any adjournment thereof.
By order of the Board of Trustees
A. THOMAS SMITH III,
Vice President and Secretary
May 19, 2000
<PAGE> 6
EACH FUND WILL FURNISH, WITHOUT CHARGE, A COPY OF ITS MOST RECENT ANNUAL
REPORT (AND THE MOST RECENT SEMI-ANNUAL REPORT SUCCEEDING THE ANNUAL REPORT, IF
ANY) TO A SHAREHOLDER UPON REQUEST. ANY SUCH REQUEST SHOULD BE DIRECTED TO THE
RESPECTIVE FUND BY CALLING 1-800-341-2929 OR BY WRITING TO THE RESPECTIVE FUND
AT 1 PARKVIEW PLAZA, PO BOX 5555, OAKBROOK TERRACE, ILLINOIS 60181-5555.
SHAREHOLDERS OF THE FUNDS ARE INVITED TO ATTEND THE MEETING IN PERSON. IF YOU
DO NOT EXPECT TO ATTEND THE MEETING, PLEASE INDICATE YOUR VOTING INSTRUCTIONS ON
THE ENCLOSED PROXY CARD WITH RESPECT TO EACH FUND IN WHICH YOU WERE A
SHAREHOLDER AS OF THE RECORD DATE, DATE AND SIGN SUCH PROXY CARD(S), AND RETURN
IT (THEM) IN THE ENVELOPE PROVIDED, WHICH IS ADDRESSED FOR YOUR CONVENIENCE AND
NEEDS NO POSTAGE IF MAILED IN THE UNITED STATES.
IN ORDER TO AVOID THE ADDITIONAL EXPENSE OF FURTHER SOLICITATION, WE ASK THAT
YOU MAIL YOUR PROXY PROMPTLY.
The Board of Trustees of each Fund recommends that you cast your vote:
- FOR ALL of the nominees for the Board of Trustees of each Fund listed in the
Proxy Statement.
- FOR ratification of the independent public accountants for each Fund.
YOUR VOTE IS IMPORTANT.
PLEASE RETURN YOUR PROXY CARD(S) PROMPTLY
NO MATTER HOW MANY SHARES YOU OWN.
<PAGE> 7
PROXY STATEMENT
VAN KAMPEN CLOSED-END FUNDS
1 PARKVIEW PLAZA, PO BOX 5555
OAKBROOK TERRACE, ILLINOIS 60181-5555
TELEPHONE (800) 341-2929
JOINT ANNUAL MEETING OF SHAREHOLDERS
JUNE 21, 2000
This Proxy Statement is furnished in connection with the solicitation by the
respective Board of Trustees (the "Trustees" or the "Board") of each of the Van
Kampen Closed-End Funds listed on Annex A to this Proxy Statement (the "Funds")
of proxies to be voted at a Joint Annual Meeting of Shareholders of the Funds,
and all adjournments thereof (the "Meeting"), to be held at the offices of Van
Kampen Investments Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois
60181-5555, on Wednesday, June 21, 2000, at 3:00 p.m. The Meeting will be an
annual meeting for each Fund. The approximate mailing date of this Proxy
Statement and accompanying form of proxy is May 23, 2000.
Participating in the Meeting are holders of common shares of beneficial
interest (the "Common Shares") and, where applicable, the holders of preferred
shares of beneficial interest (the "Preferred Shares") of each of the Funds as
set forth in Annex A to this Proxy Statement. The Common Shares and the
Preferred Shares of the Funds sometimes are referred to herein collectively as
the "Shares." The Meeting is scheduled as a joint meeting of the shareholders of
the Funds because the shareholders of the Funds are expected to consider and
vote on similar matters. The Boards of Trustees have determined that the use of
a joint proxy statement for the Meeting is in the best interest of the
shareholders of each of the Funds. In the event that a shareholder of any Fund
present at the Meeting objects to the holding of a joint meeting and moves for
an adjournment of the meeting of such Fund to a time immediately after the
Meeting so that such Fund's meeting may be held separately, the persons named as
proxies will vote in favor of the adjournment.
Annex A lists the abbreviated name and stock symbol by which the Funds
sometimes are referred to in this proxy statement. Please refer to Annex A for
any questions you may have regarding whether your Fund is participating at the
Meeting, defined terms relating to the Funds and abbreviated Fund names.
The Board has fixed the close of business on April 28, 2000 as the record date
(the "Record Date") for the determination of holders of Shares of each Fund
entitled to vote at the Meeting. The number of issued and outstanding Common
<PAGE> 8
Shares and, where applicable, Preferred Shares of each Fund as of the Record
Date is shown in Annex B to this Proxy Statement.
The following table summarizes each proposal to be presented at the Meeting
for the Funds and the shareholders entitled to vote with respect to each
proposal.
<TABLE>
<CAPTION>
PROPOSAL/AFFECTED FUNDS AFFECTED SHAREHOLDERS
----------------------- ---------------------
<S> <C> <C>
1. ELECTION OF TRUSTEES:
(a) With respect to VIG, VKV, VCV, VMV, VJV, VNV, VOV,
VPV, VKS, VOT, VKI and VOF, to elect two Class I
trustees
-- two trustees by holders of Common Shares Common Shares
(b) With respect to VGM, VIM, VIC, VTF, VTJ, VTN, VTP,
VMO, VKA, VAP, VKQ, VQC, VFM, VOQ, VNM, VPQ, VMT,
VKC, VLT and VIT, to elect two Class II trustees
-- one trustee by holders of Common Shares Common Shares
-- one trustee by holders of Preferred Shares Preferred Shares
(c) With respect to VVR and VBF, to elect two
Class II trustees
-- two trustees by holders of Common Shares Common Shares
(d) With respect to VKL, to elect three Class III
trustees
-- two trustees by holders of Common Shares Common Shares
-- one trustee by holders of Preferred Shares Preferred Shares
(e) With respect to VIN, to elect three Class III
trustees
-- three trustees by holders of Common Shares Common Shares
2. RATIFICATION OF INDEPENDENT PUBLIC ACCOUNTANTS:
With respect to each Fund, to ratify the selection Common Shares and
of Deloitte & Touche LLP as the independent public Preferred Shares
accountants by holders of Common Shares and (where applicable)
Preferred Shares (where applicable) voting together voting together
</TABLE>
EACH FUND WILL FURNISH, WITHOUT CHARGE, A COPY OF ITS MOST RECENT ANNUAL
REPORT (AND THE MOST RECENT SEMI-ANNUAL REPORT SUCCEEDING THE ANNUAL REPORT, IF
ANY) TO A SHAREHOLDER UPON REQUEST. ANY SUCH REQUEST SHOULD BE DIRECTED TO THE
RESPECTIVE FUND BY CALLING 1-800-341-2929 OR BY WRITING TO THE RESPECTIVE FUND
AT 1 PARKVIEW PLAZA, PO BOX 5555, OAKBROOK TERRACE, ILLINOIS 60181-5555.
VOTING
Shareholders of a Fund on the Record Date will be entitled to one vote per
Share with respect to each proposal submitted to the shareholders of the Fund,
with no Share having cumulative voting rights. The voting requirement for
passage of a particular proposal depends on the nature of the proposal.
With respect to Proposal 1, holders of Common Shares and Preferred Shares,
where applicable, will vote as separate classes for the respective nominee(s) to
be
2
<PAGE> 9
elected by such class of Shares. The affirmative vote of a plurality of the
Common Shares of a Fund present at the Meeting in person or by proxy is required
to elect each nominee for Trustee of such Fund designated to be elected by the
holders of the Common Shares of such Fund. The affirmative vote of a plurality
of the Preferred Shares of a Fund present at the Meeting in person or by proxy
is required to elect each nominee for Trustee of such Fund designated to be
elected by the holders of the Preferred Shares of such Fund. Election by
plurality means those persons who receive the highest number of votes cast "FOR"
up to the total number of persons to be elected as trustees at the Meeting shall
be elected.
With respect to Proposal 2, holders of Common Shares and Preferred Shares,
where applicable, of a Fund will vote together as a single class. With respect
to each Fund except VIN, an affirmative vote of a majority of the Shares of a
Fund present at the Meeting in person or by proxy and entitled to vote thereon
is required to ratify the selection of the independent public accountants for
such Fund. With respect to VIN, an affirmative vote of a majority of the Shares
voted of such Fund at the Meeting in person or by proxy is required to ratify
the selection of the independent public accountants for such Fund.
The Board of Trustees of each Fund recommends that you cast your vote:
- FOR ALL of the nominees for the Board of Trustees of each Fund listed in the
proxy statement.
- FOR ratification of the independent public accountants for each Fund.
An unfavorable vote on a proposal by the shareholders of one Fund will not
affect the implementation of such a proposal by another Fund, if the proposal is
approved by the shareholders of the other Fund. An unfavorable vote on a
proposal by the shareholders of a Fund will not affect such Fund's
implementation of other proposals that receive a favorable vote. There is no
cumulative voting with respect to the election of Trustees.
All properly executed proxies received prior to the Meeting will be voted at
the Meeting in accordance with the instructions marked thereon. Proxies received
prior to the Meeting on which no vote is indicated will be voted "FOR" each
proposal as to which it is entitled to vote. Abstentions and broker non-votes
(i.e. where a nominee, such as a broker, holding shares for beneficial owners
votes on certain matters pursuant to discretionary authority or instructions
from beneficial owners but with respect to one or more proposals does not
receive instructions from beneficial owners or does not exercise discretionary
authority) are not treated as votes "FOR" a proposal. With respect to proposal
1, abstentions and non-votes are disregarded since only votes "FOR" are
considered in a plurality voting requirement. With respect to proposal 2, for
each Fund except VIN, an abstention has the same effect as a vote "AGAINST" the
proposal. With respect to proposal 2, for VIN, an abstention is disregarded in
determining votes cast on the proposal. With
3
<PAGE> 10
respect to proposal 2, a broker non-vote is disregarded in determining votes
cast on the proposal. A majority of the outstanding Shares of a Fund entitled to
vote must be present in person or by proxy to have a quorum for each Fund to
conduct business at the Meeting. Abstentions and broker non-votes will be deemed
present for quorum purposes.
Shareholders who execute proxies may revoke them at any time before they are
voted by filing with the respective Fund a written notice of revocation, by
delivering a duly executed proxy bearing a later date or by attending the
Meeting and voting in person.
The Funds know of no business other than that mentioned in Proposals 1 and 2
of the Notice that will be presented for consideration at the Meeting. If any
other matters are properly presented, it is the intention of the persons named
on the enclosed proxy to vote proxies in accordance with their best judgment. In
the event a quorum is present at the Meeting but sufficient votes to approve any
of the proposals with respect to one or more Funds or proposals are not
received, the persons named as proxies may propose one or more adjournments of
the Meeting of the concerned Fund with respect to such proposal to permit
further solicitation of proxies, provided they determine that such an
adjournment and additional solicitation is reasonable and in the interest of
shareholders based on a consideration of all relevant factors, including the
nature of the relevant proposal, the percentage of votes then cast, the
percentage of negative votes then cast, the nature of the proposed solicitation
activities and the nature of the reasons for such further solicitation.
INVESTMENT ADVISER
Van Kampen Investment Advisory Corp. ("Advisory Corp.") serves as investment
adviser to each Fund, except VBF and VIN. Van Kampen Asset Management Inc.
("Asset Management") serves as investment adviser to VBF and VIN. Advisory Corp.
and Asset Management sometimes are referred to herein collectively as the
"Advisers." The principal business address of the Advisers is 1 Parkview Plaza,
Oakbrook Terrace, Illinois 60181-5555. The Advisers are wholly owned
subsidiaries of Van Kampen Investments Inc. ("Van Kampen"). Van Kampen is a
diversified asset management company with more than two million retail investor
accounts, extensive capabilities for managing institutional portfolios and more
than $100 billion under management or supervision, as of March 31, 2000. Van
Kampen's more than 50 open end and 39 closed end funds (including the Funds) and
more than 2,700 unit investment trusts are professionally distributed by leading
financial advisers nationwide. Van Kampen is an indirect wholly owned subsidiary
of Morgan Stanley Dean Witter & Co. ("MSDW").
4
<PAGE> 11
OTHER SERVICE PROVIDERS
Each Fund, except VBF, VMT, VKC, VIG, VLT and VIT, has entered into an
administration agreement between such Fund and Van Kampen Funds Inc. (in such
capacity, the "Administrator"). The Administrator's principal business address
is 1 Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555. The Administrator is
a wholly owned subsidiary of Van Kampen. VVR has entered into an administration
agreement between such Fund and Van Kampen. With respect to VKS, Advisory Corp.
has engaged Mitchell Hutchins Asset Management Inc. to act as a
sub-administrator (the "Sub-Administrator"). The Sub-Administrator's principal
place of business is 1285 Avenue of the Americas, New York, New York 10019. With
respect to VKL, Advisory Corp. and the Fund have entered into an administration
agreement with Princeton Administrators, L.P. ("Princeton") for the provision of
certain administrative services. Princeton's principal place of business is 800
Scudders Mill Road, Plainsboro, New Jersey 08536. Each Fund, except VBF and VIN,
has entered into an accounting services agreement with Advisory Corp. and a
legal services agreement with Van Kampen. Van Kampen's principal business
address is 1 Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555. Each of VLT,
VIT, VQC and VIG has also entered into a support services agreement with Van
Kampen Funds Inc.
- ------------------------------------------------------------------------------
PROPOSAL 1: ELECTION OF TRUSTEES
- ------------------------------------------------------------------------------
Trustees are to be elected by the Shareholders at the Meeting in the following
manner:
(a) With respect to VIG, VKV, VCV, VMV, VJV, VNV, VOV, VPV, VKS, VOT,
VKI and VOF, two Class I Trustees are to be elected at the Meeting by
the Shareholders to serve until the later of each respective Fund's
Annual Meeting of Shareholders in 2003 or until their successors have
been duly elected and qualified. Holders of Common Shares, voting as a
separate class, will vote with respect to the two Class I nominees,
David C. Arch and Howard J Kerr, designated to be elected by the
holders of Common Shares. An affirmative vote of a plurality of the
Common Shares of each Fund, voting as a separate class, present at the
Meeting in person or by proxy is required to elect the respective
nominees. It is the intention of the persons named in the enclosed
proxy to vote the Shares represented by them for the election of the
respective nominees listed below unless the proxy is marked otherwise.
(b) With respect to VGM, VIM, VIC, VTF, VTJ, VTN, VTP, VMO, VKA, VAP,
VKQ, VQC, VFM, VOQ, VNM, VPQ, VMT, VKC, VLT and VIT, two Class II
Trustees are to be elected at the Meeting by the Shareholders to serve
until the later of each respective Fund's Annual Meeting of
Shareholders in 2003 or until their successors have been duly
5
<PAGE> 12
elected and qualified. Holders of Common Shares, voting as a separate
class, will vote with respect to the one Class II nominee, Wayne W.
Whalen, designated to be elected by the holders of Common Shares.
Holders of Preferred Shares, voting as a separate class, will vote with
respect to the one Class II nominee, Rod Dammeyer, designated to be
elected by the holders of Preferred Shares. An affirmative vote of a
plurality of the Common Shares of each Fund and a plurality of the
Preferred Shares of each Fund, each voting as a separate class, present
at the Meeting in person or by proxy is required to elect the
respective nominees. It is the intention of the persons named in the
enclosed proxy to vote the Shares represented by them for the election
of the respective nominees listed below unless the proxy is marked
otherwise.
(c) With respect to VVR and VBF, two Class II trustees are to be
elected at the Meeting by Shareholders to serve until the later of each
respective Fund's Annual Meeting of Shareholders in 2003 or until their
successors have been duly elected and qualified. Holders of Common
Shares, voting as a separate class, will vote with respect to the two
Class II nominees, Rod Dammeyer and Wayne W. Whalen, designated to be
elected by the holders of Common Shares. An affirmative vote of a
plurality of the Common Shares of each Fund, voting as a separate
class, present at the Meeting in person or by proxy is required to
elect the respective nominees. It is the intention of the persons named
in the enclosed proxy to vote the Shares represented by them for the
election of the respective nominees listed below unless the proxy is
marked otherwise.
(d) With respect to VKL, three Class III Trustees are to be elected at
the Meeting by the Shareholders to serve until the later of the Fund's
Annual Meeting of Shareholders in 2003 or until their successors have
been duly elected and qualified. Holders of Common Shares, voting as a
separate class, will vote with respect to the two Class III nominees,
Richard F. Powers, III and Hugo F. Sonnenschein, designated to be
elected by the holders of Common Shares. Holders of Preferred Shares,
voting as a separate class, will vote with respect to the one Class III
nominee, Theodore A. Myers, designated to be elected by the holders of
Preferred Shares. An affirmative vote of a plurality of the Common
Shares of the Fund and a plurality of the Preferred Shares of the Fund,
each voting as a separate class, present at the Meeting in person or by
proxy is required to elect the respective nominees. It is the intention
of the persons named in the enclosed proxy to vote the Shares
represented by them for the election of the respective nominees listed
below unless the proxy is marked otherwise.
(e) With respect to VIN, three Class III Trustees are to be elected at
the Meeting by the Common Shareholders to serve until the later of the
6
<PAGE> 13
Fund's Annual Meeting of Shareholders in 2003 or until their successors
have been duly elected and qualified. Holders of Common Shares, voting
as a separate class, will vote with respect to the three Class III
nominees, Theodore A. Myers, Richard F. Powers, III, and Hugo F.
Sonnenschein, designated to be elected by the holders of Common Shares.
An affirmative vote of a plurality of the Common Shares of each Fund,
voting as a separate class, present at the Meeting in person or by
proxy is required to elect the respective nominees. It is the intention
of the persons named in the enclosed proxy to vote the Shares
represented by them for the election of the respective nominees listed
below unless the proxy is marked otherwise.
Each of the Trustees has served as a member of the Board of Trustees since his
initial election or appointment to the Board of Trustees as set forth on Annex C
to this Proxy Statement.
The Declaration of Trust of each Fund provides that the Board of Trustees
shall consist of Trustees divided into three classes, the classes to be as
nearly equal in number as possible. For each Fund, the Trustees of only one
class are elected at each annual meeting so that the regular term of only one
class of Trustees will expire annually and any particular Trustee stands for
election only once in each three-year period. This type of classification may
prevent replacement of a majority of Trustees for a particular Fund for up to a
two-year period. The foregoing is subject to the provisions of the Investment
Company Act of 1940, as amended (the "1940 Act"), applicable state law based on
the state of organization of each Fund, each Fund's Declaration of Trust and
each Fund's Bylaws.
With respect to each of the Funds with outstanding Preferred Shares, pursuant
to the 1940 Act, as long as any Preferred Shares are outstanding, the holders of
Preferred Shares will, voting as a separate class, elect two of the Trustees of
the Fund. Mr. Dammeyer is currently the Class II Trustee designated to be
elected by the holders of the Preferred Shares. Mr. Myers is currently the Class
III Trustee designated to be elected by the holders of the Preferred Shares.
All nominees have consented to being named in this proxy statement. With
respect to each of the Funds, each of the nominees has agreed to serve as a
Trustee if elected; however, should any nominees become unable or unwilling to
accept nomination or election, the proxies will be voted for one or more
substitute nominees designated by the present Board of Trustees of each Fund.
7
<PAGE> 14
The following sets forth the names, addresses, ages, principal occupations and
other information regarding the Trustee nominees.
<TABLE>
<CAPTION>
PRINCIPAL OCCUPATIONS
NAME, ADDRESS AND AGE OR EMPLOYMENT IN PAST 5 YEARS
--------------------- -----------------------------
<S> <C>
David C. Arch(1).................. Mr. Arch is Chairman and Chief Executive
1800 Swift Drive Officer of Blistex Inc., a consumer health
Oak Brook, IL 60523 care products manufacturer, and Director of
Age: 54 the World Presidents Organization-Chicago
Chapter. Mr. Arch is also a Trustee or
Managing General Partner of other investment
companies advised by Asset Management and
Advisory Corp.
Rod Dammeyer(2)................... Mr. Dammeyer is Managing Partner of Equity
Two North Riverside Plaza Group Corporate Investments, a company that
Suite 600 makes private equity investments in other
Chicago, IL 60606 companies, and Vice Chairman and Director of
Age: 59 Anixter International, Inc. a world-leading
communication products distribution company.
He is also a member of the Board of
Directors of Allied Riser Communications
Corp., TeleTech Holdings Inc., Matria
Healthcare, Inc., Stericycle, Inc.,
Transmedia Network, Inc., GATX Corporation,
CNA Surety Corp., IMC Global, Inc., Antec
Corporation and Grupo Azucarero Mexico
(GAM). Prior to April 1999, Mr. Dammeyer was
a Director of Metal Management, Inc. Prior
to 1998, Mr. Dammeyer was a Director of
Lukens, Inc., Capsure Holdings Corp., Revco
D.S., Inc., the Chase Manhattan Corporation
National Advisory Board and Sealy, Inc.
Prior to 1997, Mr. Dammeyer was President,
Chief Executive Officer and a Director of
Great American Management & Investment,
Inc., a diversified manufacturing company,
and a Director of Santa Fe Energy Resources,
Inc., Falcon Building Products, Inc., Lomas
Financial Corporation, Santa Fe Pacific
Corporation, Q-Tel, S.A. de C.V. and
Servicios Financieros Quadrum, S.A. Mr.
Dammeyer is also a Trustee or Managing
General Partner of other investment
companies advised by Asset Management and
Advisory Corp.
</TABLE>
8
<PAGE> 15
<TABLE>
<CAPTION>
PRINCIPAL OCCUPATIONS
NAME, ADDRESS AND AGE OR EMPLOYMENT IN PAST 5 YEARS
--------------------- -----------------------------
<S> <C>
Howard J Kerr(1).................. Mr. Kerr is a Director of Canbra Foods,
736 North Western Ave. Ltd., a Canadian oilseed crushing, refining,
P.O. Box 317 processing and packaging operation, and the
Lake Forest, IL 60045 Marrow Foundation. Prior to 1998, Mr. Kerr
Age: 64 was the President and Chief Executive
Officer of Pocklington Corporation, Inc., an
investment holding company. Mr. Kerr is a
Trustee or Managing General Partner of other
investment companies advised by Asset
Management and Advisory Corp.
Theodore A. Myers(3).............. Mr. Myers is a financial consultant. Prior
550 Washington Avenue to 1998, he was a Senior Financial Advisor
Glencoe, IL 60022 (and, prior to 1997, an Executive Vice
Age: 69 President, Chief Financial Officer and
Director) of Qualitech Steel Corporation, a
producer of high quality engineered steels
for automotive, transportation and capital
goods industries. Mr. Myers is a Director of
COVA Series Trust of COVA Financial Life
Insurance (formerly known as Xerox Life).
Prior to 1997, Mr. Myers was a Director of
McLouth Steel and a member of the Arthur
Andersen Chief Financial Officer Advisory
Committee. Mr. Myers is also a Trustee or
Managing General Partner of other investment
companies advised by Asset Management and
Advisory Corp.
Richard F. Powers, III(3)*........ Mr. Powers is Chairman, Director, President
1 Parkview Plaza and Chief Executive Officer of Van Kampen
Oakbrook Terrace, IL 60181 and Chairman, Director and Chief Executive
Age: 54 Officer of Asset Management, Advisory Corp.,
Van Kampen Advisors Inc., Van Kampen
Management Inc. and Van Kampen Funds Inc.
and serves as Director or Officer of certain
other subsidiaries of Van Kampen. Mr. Powers
is also Chairman of the Board, Trustee and
President of each of the funds in the Fund
Complex (defined below) and Trustee/Director
of other funds advised by the Advisers or
their affiliates. Prior to May 1998, Mr.
Powers was Executive Vice President and
Director of Marketing of Morgan Stanley Dean
Witter & Co. and Director of Dean Witter
Discover & Co. and Dean Witter Realty. Prior
to 1996, he was Director of Dean Witter
Reynolds Inc.
</TABLE>
9
<PAGE> 16
<TABLE>
<CAPTION>
PRINCIPAL OCCUPATIONS
NAME, ADDRESS AND AGE OR EMPLOYMENT IN PAST 5 YEARS
--------------------- -----------------------------
<S> <C>
Hugo F. Sonnenschein(3)........... Mr. Sonnenschein is President of the
5801 South Ellis Avenue University of Chicago. Mr. Sonnenschein is a
Suite 502 member of the Board of Trustees of the
Chicago, IL 60637 University of Rochester and a member of its
Age: 59 investment committee. Mr. Sonnenschein is a
member of the National Academy of Sciences
and a fellow of the American Academy of Arts
and Sciences. Mr. Sonnenschein is also a
Trustee or Managing General Partner of other
investment companies advised by Asset
Management and Advisory Corp.
Wayne W. Whalen(2)*............... Mr. Whalen is a Partner in the law firm of
333 West Wacker Drive Skadden, Arps, Slate, Meagher & Flom
Chicago, IL 60606 (Illinois), legal counsel to certain
Age: 60 open-end and closed-end investment companies
advised by Asset Management and Advisory
Corp. Mr. Whalen is a Trustee, Director or
Managing General Partner of other funds
advised by Asset Management and Advisory
Corp.
</TABLE>
- ------------------------------------------------------------------------------
* Such Trustees are "interested persons" (within the meaning of Section 2(a)(19)
of the 1940 Act). Messrs. Powers is an interested person of the Advisers and
the Funds by reason of his positions with the Advisers. Mr. Whalen is an
interested person of the Funds by reason of his firm acting as legal counsel
for the Funds.
(1) Class I Trustee.
(2) Class II Trustee.
(3) Class III Trustee.
Mr. Powers was appointed by the Board of Trustees to fill the vacancy as a
Class III Trustee in connection with the resignation of Don G. Powell from each
Fund's Board of Trustees effective August 9, 1999.
Dennis J. McDonnell and Steven Muller retired from each Fund's Board of
Trustees on March 31, 2000 and December 31, 1999, respectively.
MEETINGS AND COMMITTEES
During the fiscal year ended December 31, 1999, the Board of Trustees of VIN,
VLT and VIT each held 7 meetings. During the last fiscal year, each of the
Trustees of such Funds during the period such Trustee served as a Trustee
attended at least 75% of the meetings of the respective Board of Trustees and
all committee meetings thereof of which such Trustee was a member. During the
fiscal year ended December 31, 1999, the Board of Trustees of such Funds had no
standing committees with the exception of an audit committee which held 2
meetings.
During the fiscal year ended July 31, 1999, the Board of Trustees of VVR held
7 meetings. During the last fiscal year, each of the Trustees of such Fund
during the
10
<PAGE> 17
period such Trustee served as a Trustee attended at least 75% of the meetings of
the respective Board of Trustees and all committee meetings thereof of which
such Trustee was a member. During the fiscal year ended July 31, 1999, the Board
of Trustees of such Fund had no standing committees with the exception of an
audit committee which held 1 meeting.
During the 12 month period ended October 31, 1999, the Board of Trustees of
VIG, VKV, VCV, VMV, VJV, VNV, VOV, VPV, VKS, VOT, VKI, VOF, VGM, VIM, VIC, VTF,
VTJ, VTN, VTP, VMO, VKA, VAP, VKL, VKQ, VQC, VFM, VOQ, VNM and VPQ each held 8
meetings. During the last 12 month period ended October 31, 1999, each of the
Trustees of such Funds during the period such Trustee served as a Trustee
attended at least 75% of the meetings of the respective Board of Trustees and
all committee meetings thereof of which such Trustee was a member. During the 12
month period ended October 31, 1999, the Board of Trustees of such Funds had no
standing committees with the exception of an audit committee which held 2
meetings.
During the fiscal year ended June 30, 1999, the Board of Trustees of VBF, VMT
and VKC each held 7 meetings. During the last fiscal year, each of the Trustees
of such Funds during the period such Trustee served as a Trustee attended at
least 75% of the meetings of the respective Board of Trustees and all committee
meetings thereof of which such Trustee was a member. During the fiscal year
ended June 30, 1999, the Board of Trustees of such Funds had no standing
committees with the exception of an audit committee which 2 meetings.
Each Fund has an audit committee which currently consists of Messrs. Arch,
Dammeyer, Kerr, Myers and Sonnenschein. The audit committee makes
recommendations to the Board concerning the selection of the Fund's independent
public accountants, reviews with such accountants the scope and results of the
Fund's annual audit and considers any comments that the accountants may have
regarding the Fund's financial statements or books of account.
Each Fund has a retirement plan committee which currently consists of Messrs.
Arch, Dammeyer and Sonnenschein. The retirement plan committee is responsible
for reviewing the terms of each Fund's retirement plan and reviews any
administrative matters with respect thereto. The retirement plan committee does
not meet on a regular basis and had no meetings during each Fund's last fiscal
year, but does meet on an ad hoc basis as necessary to administer the retirement
plan.
REMUNERATION INFORMATION
The Trustees and executive officers hold the same positions with other funds
in the Fund Complex (defined below). The compensation of Trustees and executive
officers that are affiliated persons (as defined in the 1940 Act) of Advisory
Corp., Asset Management, or Van Kampen is paid by the respective entity. The
funds in the Fund Complex, including the Funds, pay the non-affiliated Trustees
an annual retainer and meeting fees, plus expenses incurred in connection
expenses incurred
11
<PAGE> 18
in connection with the such meeting. Funds in the Fund Complex pay an annual
Fund Complex retainer in an amount equal to the product of $2,500 multiplied by
the number of funds in the Fund Complex, which retainer is then allocated among
the funds in the Fund Complex based on the relative net assets of such funds,
and meeting fees of $250 per meeting per fund, plus reimbursement of expenses
incurred in connection with such meeting.
Each fund in the Fund Complex (except the Van Kampen Exchange Fund) provides a
deferred compensation plan to its non-affiliated Trustees that allow such
trustees to defer receipt of compensation and earn a return on such deferred
amounts based upon the return of the common shares of the funds in the Fund
Complex as more fully described below. Each fund in the Fund Complex (except the
Van Kampen Exchange Fund) also provides a retirement plan to its non-affiliated
Trustees that provides non-affiliated Trustees with compensation after
retirement, provided that certain eligibility requirements are met as more fully
described below.
Each non-affiliated Trustee generally can elect to defer receipt of all or a
portion of the compensation earned by such non-affiliated Trustee until
retirement. Amounts deferred are retained by the respective fund and earn a rate
of return determined by reference to the return on the common shares of such
fund or other funds in the Fund Complex as selected by the respective
non-affiliated Trustee, with the same economic effect as if such non-affiliated
Trustee had invested in one or more funds in the Fund Complex, including the
Funds. To the extent permitted by the 1940 Act, each Fund may invest in
securities of those funds selected by the non-affiliated Trustees in order to
match the deferred compensation obligation. The deferred compensation plan is
not funded and obligations thereunder represent general unsecured claims against
the general assets of the respective Fund.
Each Fund has adopted a retirement plan. Under the retirement plan, a
non-affiliated Trustee who is receiving trustee's compensation from a Fund prior
to such non-affiliated Trustee's retirement, has at least 10 years of service
(including years of service prior to adoption of the retirement plan) for such
Fund and retires at or after attaining the age of 62, is eligible to receive a
retirement benefit equal to $2,500 per year for each of the ten years following
such Trustee's retirement from such Fund. Trustees retiring prior to the age of
62 or with fewer than 10 years but more than 5 years of service may receive
reduced retirement benefits from a Fund. Each Trustee has served as a member of
each Fund's Board of Trustees since the year of such Trustee's appointment or
election as set forth on Annex C to this Proxy Statement.
12
<PAGE> 19
Additional information regarding compensation and benefits for Trustees is set
forth below. As indicated in the notes accompanying the table, the amounts
relate to either the respective Fund's most recently completed fiscal year end
in 1999 or the Fund Complex's most recently completed calendar year ended
December 31, 1999.
COMPENSATION TABLE
<TABLE>
<CAPTION>
FUND COMPLEX
--------------------------------------------------
ESTIMATED AGGREGATE
PENSION OR TOTAL
RETIREMENT ESTIMATED COMPENSATION
AGGREGATE BENEFITS AGGREGATE BEFORE
COMPENSATION ACCRUED ANNUAL DEFERRAL
FROM EACH AS PART OF BENEFITS UPON FROM FUND
NAME(1) FUND(2) EXPENSES(3) RETIREMENT(4) COMPLEX(5)
------- ------------ ------------------- ------------- ------------
<S> <C> <C> <C> <C>
David C. Arch.............. (2) $14,441 $97,500 $153,250
Rod Dammeyer............... (2) 24,988 97,500 153,250
Howard J Kerr.............. (2) 45,978 96,250 153,250
Theodore A. Myers.......... (2) 79,221 81,750 153,250
Hugo F. Sonnenschein....... (2) 24,553 97,500 153,250
Wayne W. Whalen............ (2) 27,763 97,500 153,250
</TABLE>
- ---------------
(1) Mr. Powers is an affiliated persons of the Advisers and Van Kampen, and does
not receive compensation or retirement benefits from the Funds.
(2) The amount of aggregate compensation payable by each Fund for its most
recently completed fiscal year end in 1999 before deferral by the Trustees
under the deferred compensation plan is shown in Annex D. Certain trustees
deferred all or a portion of the aggregate compensation payable by each Fund
for its most recently completed fiscal year end in 1999 as shown in Annex E.
The deferred compensation plan is described above the table. Amounts
deferred are retained by the respective Fund and earn a rate of return
determined by reference to either the return on the Common Shares of the
Fund or the common shares of other funds in the Fund Complex (as defined
below) as selected by the respective Trustee. To the extent permitted by the
1940 Act, the Fund may invest in securities of these funds selected by the
Trustees in order to match the deferred compensation obligation. The
cumulative deferred compensation (including earnings accrued thereon for
each trustee) for each Fund as of the end of its most recently completed
fiscal year end in 1999 is shown in Annex F.
(3) The amounts shown in this column represent the sum of the estimated Pension
or Retirement Benefit accruals expected to be accrued by the operating funds
in the Fund Complex for their respective fiscal years ended in 1999. The
retirement plan is described above the compensation table.
(4) For each trustee, the amounts shown in this column represent the sum of the
estimated annual benefits upon retirement payable per year by the current
operating funds in the Fund Complex for each year of the 10-year period
commencing in the year of such Trustee's anticipated retirement. Each Fund
is expected to pay benefits of $2,500 per year for each of the 10-year
period commencing in the year of such trustee's retirement to those Trustees
who retire at or over the age of 62 and with at least ten years of service
to each Fund. The retirement plan is described above the compensation table.
(5) The amounts shown in this column are accumulated from the Aggregate
Compensation of the 42 operating investment companies in the fund complex
(the "Fund Complex") for the calendar year ended December 31, 1999 before
deferral by the Trustees under the deferred
13
<PAGE> 20
compensation plan. Amounts deferred are retained by the respective fund and
earn a rate of return determined by reference to either the return on the
Common Shares of the Fund or the common shares of other funds in the Fund
Complex as selected by the respective trustee. To the extent permitted by
the 1940 Act, the respective fund may invest in securities of the funds
selected by the trustees in order to match the deferred compensation
obligation. The Advisers or their affiliates also serve as investment
adviser for other investment companies; however, with the exception of
Messrs. Whalen and Powers, the Trustees are not trustees of such other
investment companies. Combining the Fund Complex with other investment
companies advised by the Advisers or their affiliates, Mr. Whalen received
Total Compensation of $279,250 for the year ended December 31, 1999.
SHAREHOLDER APPROVAL
With respect to each of the Funds, the holders of Common Shares and, where
applicable, the holders of Preferred Shares, each voting as a separate class,
will vote on the respective nominees designated to be elected by such class of
Shares. The affirmative vote of a plurality of the Common Shares of each Fund
present at the Meeting in person or by proxy is required to elect each nominee
for Trustee designated to be elected by the Common Shares, and, where
applicable, the affirmative vote of a plurality of the Preferred Shares of each
Fund present at the Meeting in person or by proxy is required to elect each
nominee for Trustee designated to be elected by the Preferred Shares. THE BOARD
OF TRUSTEES RECOMMENDS A VOTE "FOR ALL" OF THE NOMINEES.
- ------------------------------------------------------------------------------
PROPOSAL 2: RATIFICATION OF INDEPENDENT PUBLIC
ACCOUNTANTS
- ------------------------------------------------------------------------------
The Board of Trustees of each Fund, including a majority of the Trustees who
are not "interested persons" of each Fund (as defined by the 1940 Act), has
selected Deloitte & Touche LLP as the independent public accountants to examine
the financial statements for the fiscal year of each Fund ending in 2000. The
selection of Deloitte & Touche LLP was recommended and approved by each Fund's
audit committee after review of competitive proposals made by several major
public accounting firms. Each of the Funds knows of no direct or indirect
financial interest of such firm in such Fund. Each Board's appointment of
Deloitte & Touche LLP effective as of May 8, 2000 is subject to ratification or
rejection by the shareholders of each Fund, with the shareholders of such Fund
voting together as a single class. Representatives of Deloitte & Touche LLP are
expected to be present at the Meeting, will be available to respond to questions
from shareholders and will have the opportunity to make a statement if they so
desire.
KPMG LLP previously served as the independent public accountants to each of
the Funds (except VBF and VIN) for such Fund's last fiscal year end preceding
this proxy statement; the client-auditor relationship between KPMG LLP and such
Funds ceased as of April 14, 2000. Ernst & Young LLP previously served as the
independent public accountants to each of VBF and VIN for such Fund's last
fiscal
14
<PAGE> 21
year end preceding this proxy statement; the client-auditor relationship between
Ernst & Young LLP and such Funds ceased as of May 8, 2000. KPMG LLP and Ernst &
Young LLP are collectively referred to herein as the "Predecessor Accountants."
The respective Predecessor Accountant's reports on the financial statements for
each respective Fund during such Fund's last two fiscal years did not contain an
adverse opinion or disclaimer of opinion, nor was such report qualified or
modified as to uncertainty, audit scope or accounting principles. During the
last two fiscal years and any subsequent interim period, there were no
disagreements with the respective Predecessor Accountant for each respective
Fund on any matter of accounting principles or practices, financial statement
disclosure, or auditing scope or procedure, which disagreement, if not resolved
to the satisfaction of the Predecessor Accountant, would have caused such
Predecessor Accountant to make reference to the subject matter of the
disagreement in connection with its report. Representatives of the Predecessor
Accountants are expected to be present at the Meeting, will be available to
respond to any questions from shareholders and will have the opportunity to make
a statement if they so desire.
SHAREHOLDER APPROVAL
With respect to each of the Fund, the holders of Common Shares and, where
applicable, the holders of Preferred Shares, voting together as a single class,
will vote on ratification of the independent public accountants for the Fund.
With respect to each Fund except VIN, the affirmative vote of a majority of the
Shares of each Fund present at the Meeting in person or by proxy and entitled to
vote is required to ratify the selection of the independent public accountants
for such Fund. With respect to VIN, the affirmative vote of a majority of the
Shares voted of such Fund at the Meeting in person or by proxy is required to
ratify the selection of independent public accountants for such Fund. THE BOARD
OF TRUSTEES RECOMMENDS A VOTE "FOR" RATIFICATION OF THE RESPECTIVE INDEPENDENT
PUBLIC ACCOUNTANTS SELECTED FOR THE FUND.
15
<PAGE> 22
- ------------------------------------------------------------------------------
OTHER INFORMATION
- ------------------------------------------------------------------------------
EXECUTIVE OFFICERS OF THE FUNDS
The following information relates to the executive officers of the Funds who
are not trustee nominees. Each officer also serves in the same capacity for all
or a number of the other investment companies advised by the Advisers or
affiliates of the Advisers. The officers of the Funds serve for one year or
until their respective successors are chosen and qualified. The Funds' officers
receive no compensation from the Funds but may also be officers of the Advisers
or officers of affiliates of the Advisers and receive compensation in such
capacities.
<TABLE>
<CAPTION>
POSITIONS AND PRINCIPAL OCCUPATIONS
NAME, ADDRESS AND AGE OFFICES WITH FUND DURING PAST 5 YEARS
--------------------- ----------------- ---------------------
<S> <C> <C>
Stephen L. Boyd........ Executive Executive Vice President and Chief
2800 Post Oak Blvd. Vice President Investment Officer of Van Kampen, and
Houston, TX 77056 and Chief President and Chief Operating Officer
Age: 59 Investment of the Advisers. Executive Vice
Officer since President and Chief Investment Officer
2000 of each of the funds in the Fund
Complex and certain other investment
companies advised by the Advisers or
their affiliates. Prior to April 2000,
Vice President and Chief Investment
Officer of the Advisers. Prior to
October 1998, Vice President and
Senior Portfolio Manager with AIM
Capital Management, Inc. Prior to
February 1998, Senior Vice President
and Portfolio Manager of Van Kampen
American Capital Asset Management,
Inc., Van Kampen American Capital
Investment Advisory Corp. and Van
Kampen American Capital Management,
Inc.
Michael H. Santo....... Vice President Executive Vice President, Chief
1 Parkview Plaza since 2000 Administrative Officer and Director of
Oakbrook Terrace, IL Van Kampen, the Advisers, Van Kampen
60181 Advisors Inc., Van Kampen Management
Age: 44 Inc., Van Kampen Funds Inc. and Van
Kampen Investor Services Inc., and
serves as a Director or Officer of
certain other subsidiaries of Van
Kampen. Vice President of each of the
funds in the Fund Complex and certain
other investment companies advised by
the Advisers and their affiliates.
Prior to 1998, Senior Vice President
and Senior Planning Officer for
Individual Asset Management of Morgan
Stanley Dean Witter and its
predecessor since 1994. From
1990-1994, First Vice President and
</TABLE>
16
<PAGE> 23
<TABLE>
<CAPTION>
POSITIONS AND PRINCIPAL OCCUPATIONS
NAME, ADDRESS AND AGE OFFICES WITH FUND DURING PAST 5 YEARS
--------------------- ----------------- ---------------------
<S> <C> <C>
Assistant Controller in Dean Witter's
Controller's Department.
A. Thomas Smith III.... Vice President Executive Vice President, General
1 Parkview Plaza and Secretary Counsel, Secretary and Director of Van
Oakbrook Terrace, since 1999 Kampen, the Advisers, Van Kampen
IL 60181 Advisors Inc., Van Kampen Management
Age: 42 Inc., Van Kampen Funds Inc., American
Capital Contractual Services, Inc.,
Van Kampen Exchange Corp., Van Kampen
Recordkeeping Services Inc., Van
Kampen Investor Services, Inc., Van
Kampen Insurance Agency of Illinois
Inc. and Van Kampen System Inc. Vice
President and Secretary/Vice
President, Secretary and Principal
Legal Officer of each of the funds in
the Fund Complex and certain other
investment companies advised by the
Advisers and their affiliates. Prior
to January 1999, Vice President and
Associate General Counsel to New York
Life Insurance Company ("New York
Life"), and prior to March 1997,
Associate General Counsel of New York
Life. Prior to December 1993,
Assistant General Counsel of The
Dreyfus Corporation. Prior to August
1991, a Senior Associate of Willkie
Farr & Gallagher. Prior to January
1989, Staff Attorney with the U.S.
Securities and Exchange Commission,
Division of Investment Management,
Office of Chief Counsel.
Edward C. Wood III..... Vice President Senior Vice President of Van Kampen,
1 Parkview Plaza since 1996 the Advisers, Van Kampen Insurance
Oakbrook Terrace, IL Agency of Illinois Inc. and Van Kampen
60181 Management Inc. Senior Vice President
Age: 42 and Chief Operating Officer of Van
Kampen Funds Inc. Vice President of
each of the funds in the Fund Complex.
John L. Sullivan....... Vice President, Senior Vice President of Van Kampen,
1 Parkview Plaza Treasurer and the Advisers and Van Kampen Management
Oakbrook Terrace, Chief Financial Inc. Vice President, Treasurer and
IL 60181 Officer since Chief Financial Officer of each of the
Age: 43 1996 funds in the Fund Complex and other
investment companies advised by the
Advisers or their affiliates.
</TABLE>
17
<PAGE> 24
SHAREHOLDER INFORMATION
As of April 28, 2000, to the knowledge of the Funds, no Shareholder owned
beneficially more than 5% of a class of a Fund's outstanding Shares. As of April
28, 2000, certain trustees and executive officers owned, directly or
beneficially, the number of Common Shares of each Fund as set forth in Annex G.
Except as indicated on Annex G, as of April 28, 2000, the trustees and executive
officers of the Funds individually and as a group owned less than 1% of the
outstanding Shares of each Fund. Trustees and executive officers who do not own
any Common Shares of the Funds or Funds which are not owned by any Trustee or
executive officers have been omitted from the table. As of April 28, 2000, no
trustees or executive officers owned any Preferred Shares of the Funds.
SECTION 16(a) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE
Section 30(f) of the 1940 Act and Section 16(a) of the Securities Exchange Act
of 1934, as amended, require each of the Funds' Trustees, officers, investment
adviser, affiliated persons of the investment adviser and persons who own more
than 10% of a registered class of the Fund's equity securities to file forms
with the Securities and Exchange Commission (the "SEC") and the New York Stock
Exchange or American Stock Exchange, as applicable, reporting their affiliation
with the Fund and reports of ownership and changes in ownership of Fund Shares.
These persons and entities are required by SEC regulation to furnish the Fund
with copies of all such forms they file. Based on a review of these forms
furnished to each Fund, each Fund believes that during its last fiscal year, its
Trustees, officers, investment adviser and affiliated persons of the investment
adviser complied with the applicable filing requirements.
- ------------------------------------------------------------------------------
EXPENSES
- ------------------------------------------------------------------------------
The expenses of preparing, printing and mailing the enclosed form of proxy,
the accompanying Notice and this Proxy Statement and all other costs, in
connection with the solicitation of proxies will be borne by the Funds. The
total amount of these expenses will be allocated among each of the Funds based
upon the total number of shareholders for each Fund in relation to the total
number of shareholders for all of the Funds participating in the Meeting. The
Funds will also reimburse banks, brokers and others for their reasonable
expenses in forwarding proxy solicitation material to the beneficial owners of
the shares of the Funds. In order to obtain the necessary quorum at the Meeting,
additional solicitation may be made by mail, telephone, telegraph, facsimile or
personal interview by representatives of the Funds, the Advisers or Van Kampen,
the transfer agents of the Funds or by dealers or their representatives or by
PFPC Inc., a solicitation firm located in Boston, Massachusetts that has been
engaged to assist in proxy solicitations at an estimated cost of approximately
$2,500 per Fund.
18
<PAGE> 25
- ------------------------------------------------------------------------------
SHAREHOLDER PROPOSALS
- ------------------------------------------------------------------------------
To be considered for presentation at a shareholders' meeting, rules
promulgated by the SEC generally require that, among other things, a
shareholder's proposal must be received at the offices of the relevant Fund a
reasonable time before a solicitation is made. Shareholder proposals intended to
be presented at the year 2001 Annual Meeting of Shareholders for a Fund pursuant
to Rule 14a-8 under the Exchange Act of 1934, as amended (the "Exchange Act"),
must be received by the Fund at the Fund's principal executive offices by
January 17, 2001. In order for proposals made outside of Rule 14a-8 under the
Exchange Act to be considered "timely" within the meaning of Rule 14a-4(c) under
the Exchange Act, such proposals must be received by the Fund at the Fund's
principal executive offices not later than April 3, 2001. Timely submission of a
proposal does not necessarily mean that such proposal will be included. Any
shareholder who wishes to submit a proposal for consideration at a meeting of
such shareholder's Fund should send such proposal to the respective Fund at 1
Parkview Plaza, PO Box 5555, Oakbrook Terrace, Illinois 60181-5555.
- ------------------------------------------------------------------------------
GENERAL
- ------------------------------------------------------------------------------
Management of each Fund does not intend to present and does not have reason to
believe that others will present any other items of business at the Meeting.
However, if other matters are properly presented to the Meeting for a vote, the
proxies will be voted upon such matters in accordance with the judgment of the
persons acting under the proxies.
A list of shareholders of each Fund entitled to be present and vote at the
Meeting will be available at the offices of the respective Fund, 1 Parkview
Plaza, Oakbrook Terrace, Illinois 60181-5555, for inspection by any shareholder
during regular business hours for ten days prior to the date of the Meeting.
Failure of a quorum to be present at the Meeting for any Fund may necessitate
adjournment and may subject such Fund to additional expense.
IF YOU CANNOT BE PRESENT IN PERSON, YOU ARE REQUESTED TO FILL IN, SIGN AND
RETURN THE ENCLOSED PROXY PROMPTLY. NO POSTAGE IS REQUIRED IF MAILED IN THE
UNITED STATES.
A. THOMAS SMITH III,
Vice President and Secretary
May 19, 2000
19
<PAGE> 26
ANNEX A
VAN KAMPEN CLOSED-END FUNDS
The following list sets forth the Van Kampen closed-end investment companies
(the "Funds") participating in the Joint Annual Meeting of Shareholders to be
held at the offices of Van Kampen Investments Inc., 1 Parkview Plaza, Oakbrook
Terrace, Illinois 60181-5555 on Wednesday, June 21, 2000, at 3:00 p.m. The name
in the first column below is the legal name for each Fund. The name in the
second column is the abbreviated name of each Fund and the designation in the
third column is the stock symbol of each Fund; the abbreviated name or stock
symbol are sometimes used to identify a specific Fund in the Proxy Statement.
Each of the Funds has issued common shares of beneficial interest and such
common shares of the Funds are referred to herein as the "Common Shares."
Certain Funds have issued preferred shares of beneficial interest with a
liquidation preference per share as designated in the fourth column below and
such preferred shares of the Funds are referred to herein as the "Preferred
Shares."
<TABLE>
<CAPTION>
PREFERRED SHARES
LEGAL NAME ABBREVIATED NAME STOCK SYMBOL OUTSTANDING
---------- ---------------- ------------ ----------------
<S> <C> <C> <C>
Van Kampen Municipal Income Municipal Income Trust VMT Rate Adjusted Tax-Exempt
Trust Shares, liquidation
preference $500,000 per
share
Van Kampen California California Municipal VKC Remarketed Preferred Shares,
Municipal Trust Trust liquidation preference
$50,000 per share
Van Kampen Investment Grade Investment Grade VIG Remarketed Preferred Shares,
Municipal Trust Municipal Trust liquidation preference
$100,000 per share
Van Kampen Select Sector Select Sector VKL Remarketed Preferred Shares,
Municipal Trust Municipal Trust liquidation preference
$25,000 per share
Van Kampen Municipal Trust Municipal Trust VKQ Auction Preferred Shares,
liquidation preference
$25,000 per share
Van Kampen California California Quality VQC Auction Preferred Shares,
Quality Municipal Trust Municipal Trust liquidation preference
$25,000 per share
Van Kampen New York Quality New York Quality VNM Auction Preferred Shares,
Municipal Trust Municipal Trust liquidation preference
$25,000 per share
Van Kampen Pennsylvania Pennsylvania Quality VPQ Auction Preferred Shares,
Quality Municipal Trust Municipal Trust liquidation preference
$25,000 per share
Van Kampen Florida Quality Florida Quality VFM Auction Preferred Shares,
Municipal Trust Municipal Trust liquidation preference
$25,000 per share
Van Kampen Ohio Quality Ohio Quality Municipal VOQ Auction Preferred Shares,
Municipal Trust Trust liquidation preference
$25,000 per share
</TABLE>
A-1
<PAGE> 27
<TABLE>
<CAPTION>
PREFERRED SHARES
LEGAL NAME ABBREVIATED NAME STOCK SYMBOL OUTSTANDING
---------- ---------------- ------------ ----------------
<S> <C> <C> <C>
Van Kampen Trust for Insured Trust for Insured VIM Auction Preferred Shares,
Municipals Municipals liquidation preference
$25,000 per share
Van Kampen Trust for Trust for Investment VGM Auction Preferred Shares,
Investment Grade Municipals Grade Municipals liquidation preference
$25,000 per share
Van Kampen Trust for Trust for Investment VIC Auction Preferred Shares,
Investment Grade California Grade California liquidation preference
Municipals Municipals $25,000 per share
Van Kampen Trust for Trust for Investment VTN Auction Preferred Shares,
Investment Grade New York Grade New York liquidation preference
Municipals Municipals $25,000 per share
Van Kampen Trust for Trust for Investment VTP Auction Preferred Shares,
Investment Grade Grade Pennsylvania liquidation preference
Pennsylvania Municipals Municipals $25,000 per share
Van Kampen Trust for Trust for Investment VTF Auction Preferred Shares,
Investment Grade Florida Grade Florida liquidation preference
Municipals Municipals $25,000 per share
Van Kampen Trust for Trust for Investment VTJ Auction Preferred Shares,
Investment Grade New Jersey Grade New Jersey liquidation preference
Municipals Municipals $25,000 per share
Van Kampen Municipal Municipal Opportunity VMO Auction Preferred Shares,
Opportunity Trust Trust liquidation preference
$25,000 per share
Van Kampen Advantage Advantage Municipal VKA Auction Preferred Shares,
Municipal Income Trust Income Trust liquidation preference
$25,000 per share
Van Kampen Advantage Advantage Pennsylvania VAP Auction Preferred Shares,
Pennsylvania Municipal Municipal Income liquidation preference
Income Trust Trust $25,000 per share
Van Kampen New Jersey Value New Jersey Value VJV Auction Preferred Shares,
Municipal Income Trust Municipal Income liquidation preference
Trust $25,000 per share
Van Kampen Ohio Value Ohio Value Municipal VOV Auction Preferred Shares,
Municipal Income Trust Income Trust liquidation preference
$25,000 per share
Van Kampen Massachusetts Massachusetts Value VMV Auction Preferred Shares,
Value Municipal Income Municipal Income liquidation preference
Trust Trust $25,000 per share
Van Kampen Strategic Sector Strategic Sector VKS Auction Preferred Shares,
Municipal Trust Municipal Trust liquidation preference
$25,000 per share
Van Kampen New York Value New York Value VNV Auction Preferred Shares,
Municipal Income Trust Municipal Income liquidation preference
Trust $25,000 per share
Van Kampen California Value California Value VCV Auction Preferred Shares,
Municipal Income Trust Municipal Income liquidation preference
Trust $25,000 per share
</TABLE>
A-2
<PAGE> 28
<TABLE>
<CAPTION>
PREFERRED SHARES
LEGAL NAME ABBREVIATED NAME STOCK SYMBOL OUTSTANDING
---------- ---------------- ------------ ----------------
<S> <C> <C> <C>
Van Kampen Pennsylvania Pennsylvania Value VPV Auction Preferred Shares,
Value Municipal Income Municipal Income liquidation preference
Trust Trust $25,000 per share
Van Kampen Value Municipal Value Municipal Income VKV Auction Preferred Shares,
Income Trust Trust liquidation preference
$25,000 per share
Van Kampen Florida Municipal Florida Municipal VOF Auction Preferred Shares,
Opportunity Trust Opportunity Trust liquidation preference
$25,000 per share
Van Kampen Municipal Municipal Opportunity VOT Auction Preferred Shares,
Opportunity Trust II Trust II liquidation preference
$25,000 per share
Van Kampen Advantage Advantage Municipal VKI Auction Preferred Shares,
Municipal Income Trust II Income Trust II liquidation preference
$25,000 per share
Van Kampen High Income Trust High Income Trust II VLT Auction Preferred Shares,
II liquidation preference
$25,000 per share
Van Kampen High Income Trust High Income Trust VIT Auction Market Preferred
Shares, liquidation
preference $100,000 per
share
Van Kampen Senior Income Senior Income Trust VVR Not Applicable
Trust
Van Kampen Bond Fund Bond Fund VBF Not Applicable
Van Kampen Income Trust Income Trust VIN Not Applicable
</TABLE>
A-3
<PAGE> 29
ANNEX B
VAN KAMPEN CLOSED-END FUNDS
The following list sets forth the number of issued and outstanding Common
Shares and Preferred Shares, where applicable, for each Fund as of April 28,
2000, the Record Date.
<TABLE>
<CAPTION>
FUND NAME COMMON SHARES PREFERRED SHARES
--------- ------------- ----------------
<S> <C> <C>
Van Kampen Municipal Income Trust 28,684,985 330
Van Kampen California Municipal Trust 3,257,560 400
Van Kampen Investment Grade Municipal Trust 4,839,000 250
Van Kampen Select Sector Municipal Trust 4,682,128 1,360
Van Kampen Municipal Trust 36,365,393 12,000
Van Kampen California Quality Municipal Trust 9,682,997 3,000
Van Kampen New York Quality Municipal Trust 5,655,638 1,800
Van Kampen Pennsylvania Quality Municipal Trust 8,244,720 2,600
Van Kampen Florida Quality Municipal Trust 6,519,397 2,000
Van Kampen Ohio Quality Municipal Trust 4,279,122 1,400
Van Kampen Trust for Insured Municipals 9,741,284 3,600
Van Kampen Trust for Investment Grade Municipals 27,013,149 10,600
Van Kampen Trust for Investment Grade California Municipals 4,651,948 1,800
Van Kampen Trust for Investment Grade New York Municipals 6,203,651 2,400
Van Kampen Trust for Investment Grade Pennsylvania 7,420,970 2,800
Municipals
Van Kampen Trust for Investment Grade Florida Municipals 4,150,300 1,600
Van Kampen Trust for Investment Grade New Jersey Municipals 3,935,128 1,600
Van Kampen Municipal Opportunity Trust 15,352,890 6,000
Van Kampen Advantage Municipal Income Trust 19,106,785 7,600
Van Kampen Advantage Pennsylvania Municipal Income Trust 4,361,902 1,600
Van Kampen New Jersey Value Municipal Income Trust 2,499,940 1,000
Van Kampen Ohio Value Municipal Income Trust 1,681,438 600
Van Kampen Massachusetts Value Municipal Income Trust 2,660,684 1,000
Van Kampen Strategic Sector Municipal Trust 10,806,700 3,800
Van Kampen New York Value Municipal Income Trust 4,291,172 1,600
Van Kampen California Value Municipal Income Trust 6,029,844 2,400
Van Kampen Pennsylvania Value Municipal Income Trust 4,468,924 1,800
Van Kampen Value Municipal Income Trust 23,555,115 9,000
Van Kampen Florida Municipal Opportunity Trust 1,683,270 640
Van Kampen Municipal Opportunity Trust II 11,731,272 4,600
Van Kampen Advantage Municipal Income Trust II 8,168,211 3,200
Van Kampen High Income Trust 13,710,760 588
Van Kampen High Income Trust II 8,109,000 1,800
Van Kampen Senior Income Trust 180,010,000 N/A
Van Kampen Bond Fund 11,362,465 N/A
Van Kampen Income Trust 15,308,194 N/A
</TABLE>
B-1
<PAGE> 30
ANNEX C
The table below sets forth the year in which each of the nominees to the
Board of Trustees initially was elected or appointed to the Board of Trustees of
each Fund.
<TABLE>
<CAPTION>
ARCH DAMMEYER KERR MYERS POWERS SONNENSCHEIN WHALEN
---- -------- ---- ----- ------ ------------ ------
<S> <C> <C> <C> <C> <C> <C> <C>
Municipal Income Trust (VMT).............................. 1988 1988 1992 1988 1999 1994 1988
California Municipal Trust (VKC).......................... 1988 1988 1992 1988 1999 1994 1988
High Income Trust (VIT)................................... 1988 1988 1992 1988 1999 1994 1988
Investment Grade Municipal Trust (VIG).................... 1989 1989 1992 1989 1999 1994 1989
High Income Trust II (VLT)................................ 1989 1989 1992 1989 1999 1994 1989
California Quality Municipal Trust (VQC).................. 1991 1991 1992 1991 1999 1994 1991
Florida Quality Municipal Trust (VFM)..................... 1991 1991 1992 1991 1999 1994 1991
Municipal Trust (VKQ)..................................... 1991 1991 1992 1991 1999 1994 1991
New York Quality Municipal Trust (VNM).................... 1991 1991 1992 1991 1999 1991 1991
Ohio Quality Municipal Trust (VOQ)........................ 1991 1991 1992 1991 1999 1994 1991
Pennsylvania Quality Municipal Trust (VPQ)................ 1991 1991 1992 1991 1999 1994 1991
Trust for Insured Municipals (VIM)........................ 1991 1991 1992 1991 1999 1994 1991
Trust for Investment Grade Municipals (VGM)............... 1991 1991 1992 1991 1999 1994 1991
Advantage Municipal Income Trust (VKA).................... 1992 1992 1992 1992 1999 1994 1992
Advantage Pennsylvania Municipal Income Trust (VAP)....... 1992 1992 1992 1992 1999 1994 1992
Municipal Opportunity Trust (VMO)......................... 1992 1992 1992 1992 1999 1994 1992
Strategic Sector Municipal Trust (VKS).................... 1992 1992 1992 1992 1999 1994 1992
Trust for Investment Grade California Municipals (VIC).... 1992 1992 1992 1992 1999 1994 1992
Trust for Investment Grade Florida Municipals (VTF)....... 1992 1992 1992 1992 1999 1994 1992
Trust for Investment Grade New Jersey Municipals (VTJ).... 1992 1992 1992 1992 1999 1994 1992
Trust for Investment Grade New York Municipals (VTN)...... 1992 1992 1992 1992 1999 1994 1992
Trust for Investment Grade Pennsylvania Municipals
(VTP).................................................... 1992 1992 1992 1992 1999 1994 1992
Advantage Municipal Income Trust II (VKI)................. 1993 1993 1993 1993 1999 1994 1993
California Value Municipal Income Trust (VCV)............. 1993 1993 1993 1993 1999 1994 1993
Florida Municipal Opportunity Trust (VOF)................. 1993 1993 1993 1993 1999 1994 1993
Massachusetts Value Municipal Income Trust (VMV).......... 1993 1993 1993 1993 1999 1994 1993
</TABLE>
C-1
<PAGE> 31
ANNEX C -- (CONTINUED)
<TABLE>
<CAPTION>
ARCH DAMMEYER KERR MYERS POWERS SONNENSCHEIN WHALEN
---- -------- ---- ----- ------ ------------ ------
<S> <C> <C> <C> <C> <C> <C> <C>
Municipal Opportunity Trust II (VOT)...................... 1993 1993 1993 1993 1999 1994 1993
New Jersey Value Municipal Income Trust (VJV)............. 1993 1993 1993 1993 1999 1994 1993
New York Value Municipal Income Trust (VNV)............... 1993 1993 1993 1993 1999 1994 1993
Ohio Value Municipal Income Trust (VOV)................... 1993 1993 1993 1993 1999 1994 1993
Pennsylvania Value Municipal Income Trust (VPV)........... 1993 1993 1993 1993 1999 1994 1993
Select Sector Municipal Trust (VKL)....................... 1993 1993 1993 1993 1999 1994 1993
Value Municipal Income Trust (VKV)........................ 1993 1993 1993 1993 1999 1994 1993
Bond Fund (VBF)........................................... 1997 1997 1997 1997 1999 1997 1997
Income Trust (VIN)........................................ 1997 1997 1997 1997 1999 1997 1997
Senior Income Trust (VVR)................................. 1998 1998 1998 1998 1999 1998 1998
</TABLE>
C-2
<PAGE> 32
ANNEX D
1999 AGGREGATE COMPENSATION BEFORE DEFERRAL FROM EACH FUND
<TABLE>
<CAPTION>
NAME OF FUND FISCAL YEAR-END ARCH DAMMEYER KERR MYERS SONNENSCHEIN WHALEN
------------ --------------- ---- -------- ---- ----- ------------ ------
<S> <C> <C> <C> <C> <C> <C> <C>
Bond Fund..................................... 06/30 $ 2,795 $ 2,795 $ 2,795 $ 2,795 $ 2,795 $ 2,789
California Municipal Trust.................... 06/30 1,799 1,799 1,799 1,799 1,799 1,793
Municipal Income Trust........................ 06/30 3,990 3,990 3,990 3,990 3,990 3,984
Senior Income Trust........................... 07/31 13,065 13,065 13,065 13,065 13,065 13,059
Advantage Municipal Income Trust.............. 10/31 3,901 3,901 3,901 3,901 3,901 3,895
Advantage Municipal Income Trust II........... 10/31 2,289 2,289 2,289 2,289 2,289 2,283
Advantage Pennsylvania Municipal Income
Trust........................................ 10/31 1,860 1,860 1,860 1,860 1,860 1,854
California Quality Municipal Trust............ 10/31 2,525 2,525 2,525 2,525 2,525 2,519
California Value Municipal Income Trust....... 10/31 2,084 2,084 2,084 2,084 2,084 2,078
Florida Municipal Opportunity Trust........... 10/31 1,472 1,472 1,472 1,472 1,472 1,466
Florida Quality Municipal Trust............... 10/31 2,092 2,092 2,092 2,092 2,092 2,086
Investment Grade Municipal Trust.............. 10/31 1,650 1,650 1,650 1,650 1,650 1,644
Massachusetts Value Municipal Income Trust.... 10/31 1,603 1,603 1,603 1,603 1,603 1,597
Municipal Opportunity Trust................... 10/31 3,424 3,424 3,424 3,424 3,424 3,418
Municipal Opportunity Trust II................ 10/31 2,758 2,758 2,758 2,758 2,758 2,752
Municipal Trust............................... 10/31 5,972 5,972 5,972 5,972 5,972 5,966
New Jersey Value Municipal Income Trust....... 10/31 1,590 1,590 1,590 1,590 1,590 1,584
New York Quality Municipal Trust.............. 10/31 1,994 1,994 1,994 1,994 1,994 1,988
New York Value Municipal Income Trust......... 10/31 1,821 1,821 1,821 1,821 1,821 1,815
Ohio Quality Municipal Trust.................. 10/31 1,822 1,822 1,822 1,822 1,822 1,816
Ohio Value Municipal Income Trust............. 10/31 1,471 1,471 1,471 1,471 1,471 1,465
Pennsylvania Quality Municipal Trust.......... 10/31 2,328 2,328 2,328 2,328 2,328 2,322
Pennsylvania Value Municipal Income Trust..... 10/31 1,857 1,857 1,857 1,857 1,857 1,851
</TABLE>
D-1
<PAGE> 33
ANNEX D -- (CONTINUED)
<TABLE>
<CAPTION>
NAME OF FUND FISCAL YEAR-END ARCH DAMMEYER KERR MYERS SONNENSCHEIN WHALEN
------------ --------------- ---- -------- ---- ----- ------------ ------
<S> <C> <C> <C> <C> <C> <C> <C>
Select Sector Municipal Trust..................... 10/31 1,775 1,775 1,775 1,775 1,775 1,769
Strategic Sector Municipal Trust.................. 10/31 2,572 2,572 2,572 2,572 2,572 2,566
Trust for Insured Municipals...................... 10/31 2,584 2,584 2,584 2,584 2,584 2,578
Trust for Investment Grade California
Municipals....................................... 10/31 1,903 1,903 1,903 1,903 1,903 1,897
Trust for Investment Grade Florida Municipals..... 10/31 1,843 1,843 1,843 1,843 1,843 1,837
Trust for Investment Grade Municipals............. 10/31 5,074 5,074 5,074 5,074 5,074 5,068
Trust for Investment Grade New Jersey
Municipals....................................... 10/31 1,830 1,830 1,830 1,830 1,830 1,824
Trust for Investment Grade New York Municipals.... 10/31 2,135 2,135 2,135 2,135 2,135 2,129
Trust for Investment Grade Pennsylvania
Municipals....................................... 10/31 2,303 2,303 2,303 2,303 2,303 2,297
Value Municipal Income Trust...................... 10/31 4,315 4,315 4,315 4,315 4,315 4,309
High Income Trust................................. 12/31 2,186 1,936 2,186 2,186 2,186 2,186
High Income Trust II.............................. 12/31 2,021 1,771 2,021 2,021 2,021 2,021
Income Trust...................................... 12/31 2,092 1,842 2,092 2,092 2,092 2,092
</TABLE>
D-2
<PAGE> 34
ANNEX E
1999 AGGREGATE COMPENSATION DEFERRED FOR EACH FUND
<TABLE>
<CAPTION>
FUND FISCAL YEAR-END DAMMEYER KERR SONNENSCHEIN WHALEN
---- --------------- -------- ---- ------------ ------
<S> <C> <C> <C> <C> <C>
Bond Fund................................................... 06/30 $2,795 $1,688 $2,795 $2,789
California Municipal Trust.................................. 06/30 1,799 1,161 1,799 1,793
Municipal Income Trust...................................... 06/30 3,990 2,310 3,990 3,984
Senior Income Trust......................................... 07/31 13,065 5,841 13,065 13,059
Advantage Municipal Income Trust............................ 10/31 3,901 971 3,901 3,895
Advantage Municipal Income Trust II......................... 10/31 2,289 535 2,289 2,283
Advantage Pennsylvania Municipal Income Trust............... 10/31 1,860 418 1,860 1,854
California Quality Municipal Trust.......................... 10/31 2,525 601 2,525 2,519
California Value Municipal Income Trust..................... 10/31 2,084 480 2,084 2,078
Florida Municipal Opportunity Trust......................... 10/31 1,472 314 1,472 1,466
Florida Quality Municipal Trust............................. 10/31 2,092 481 2,092 2,086
Investment Grade Municipal Trust............................ 10/31 1,650 363 1,650 1,644
Massachusetts Value Municipal Income Trust.................. 10/31 1,603 349 1,603 1,597
Municipal Opportunity Trust................................. 10/31 3,424 842 3,424 3,418
Municipal Opportunity Trust II.............................. 10/31 2,758 661 2,758 2,752
Municipal Trust............................................. 10/31 5,972 1,550 5,972 5,966
New Jersey Value Municipal Income Trust..................... 10/31 1,590 346 1,590 1,584
New York Quality Municipal Trust............................ 10/31 1,994 455 1,994 1,988
New York Value Municipal Income Trust....................... 10/31 1,821 408 1,821 1,815
Ohio Quality Municipal Trust................................ 10/31 1,822 408 1,822 1,816
Ohio Value Municipal Income Trust........................... 10/31 1,471 315 1,471 1,465
Pennsylvania Quality Municipal Trust........................ 10/31 2,328 544 2,328 2,322
Pennsylvania Value Municipal Income Trust................... 10/31 1,857 418 1,857 1,851
Select Sector Municipal Trust............................... 10/31 1,775 396 1,775 1,769
Strategic Sector Municipal Trust............................ 10/31 2,572 612 2,572 2,566
Trust for Insured Municipals................................ 10/31 2,584 616 2,584 2,578
Trust for Investment Grade California Municipals............ 10/31 1,903 431 1,903 1,897
Trust for Investment Grade Florida Municipals............... 10/31 1,843 415 1,837 1,837
</TABLE>
E-1
<PAGE> 35
ANNEX E -- (CONTINUED)
<TABLE>
<CAPTION>
FUND FISCAL YEAR-END DAMMEYER KERR SONNENSCHEIN WHALEN
---- --------------- -------- ---- ------------ ------
<S> <C> <C> <C> <C> <C>
Trust for Investment Grade Municipals....................... 10/31 5,074 1,291 5,068 5,068
Trust for Investment Grade New Jersey Municipals............ 10/31 1,830 411 1,824 1,824
Trust for Investment Grade New York Municipals.............. 10/31 2,135 493 2,129 2,129
Trust for Investment Grade Pennsylvania Municipals.......... 10/31 2,303 538 2,297 2,297
Value Municipal Income Trust................................ 10/31 4,316 1,083 4,310 4,310
High Income Trust........................................... 12/31 1,936 0 1,936 1,936
High Income Trust II........................................ 12/31 1,771 0 1,771 1,771
Income Trust................................................ 12/31 1,842 0 1,842 1,842
</TABLE>
E-3
<PAGE> 36
ANNEX F
CUMULATIVE COMPENSATION DEFERRED (PLUS INTEREST) FROM EACH FUND
<TABLE>
<CAPTION>
FUND FISCAL YEAR-END DAMMEYER KERR SONNENSCHEIN WHALEN
---- --------------- -------- ---- ------------ ------
<S> <C> <C> <C> <C> <C>
Bond Fund................................................... 06/30 $ 4,080 $ 1,755 $ 4,104 $ 4,140
California Municipal Trust.................................. 06/30 20,335 17,806 20,398 16,222
Municipal Income Trust...................................... 06/30 23,856 18,999 23,933 19,796
Senior Income Trust......................................... 07/31 12,961 6,340 13,646 13,930
Advantage Municipal Income Trust............................ 10/31 19,319 18,002 19,664 16,088
Advantage Municipal Income Trust II......................... 10/31 21,989 18,908 22,392 18,844
Advantage Pennsylvania Municipal Income Trust............... 10/31 18,614 17,761 18,942 15,360
California Quality Municipal Trust.......................... 10/31 19,716 18,139 20,069 16,497
California Value Municipal Income Trust..................... 10/31 18,980 17,888 19,317 15,738
Florida Municipal Opportunity Trust......................... 10/31 17,969 17,544 18,284 14,695
Florida Quality Municipal Trust............................. 10/31 18,997 17,892 19,335 15,756
Investment Grade Municipal Trust............................ 10/31 18,268 17,647 18,589 15,003
Massachusetts Value Municipal Income Trust.................. 10/31 18,186 17,617 18,505 14,918
Municipal Opportunity Trust................................. 10/31 21,196 18,637 21,582 18,025
Municipal Opportunity Trust II.............................. 10/31 20,095 18,265 20,457 16,889
Municipal Trust............................................. 10/31 25,470 20,106 25,947 22,434
New Jersey Value Municipal Income Trust..................... 10/31 18,164 17,611 18,483 14,895
New York Quality Municipal Trust............................ 10/31 18,836 17,838 19,170 15,590
New York Value Municipal Income Trust....................... 10/31 18,545 17,739 18,872 15,289
Ohio Quality Municipal Trust................................ 10/31 18,551 17,741 18,878 15,295
Ohio Value Municipal Income Trust........................... 10/31 17,968 17,545 18,282 14,693
Pennsylvania Quality Municipal Trust........................ 10/31 19,387 18,023 19,732 16,159
Pennsylvania Value Municipal Income Trust................... 10/31 18,608 17,760 18,936 15,353
Select Sector Municipal Trust............................... 10/31 18,470 17,714 18,796 15,211
Strategic Sector Municipal Trust............................ 10/31 19,790 18,163 20,145 16,574
Trust for Insured Municipals................................ 10/31 19,814 18,171 20,169 16,599
Trust for Investment Grade California Municipals............ 10/31 18,684 17,787 19,014 15,432
</TABLE>
F-1
<PAGE> 37
ANNEX F -- (CONTINUED)
<TABLE>
<CAPTION>
FUND FISCAL YEAR-END DAMMEYER KERR SONNENSCHEIN WHALEN
---- --------------- -------- ---- ------------ ------
<S> <C> <C> <C> <C> <C>
Trust for Investment Grade Florida Municipals............... 10/31 18,588 17,754 18,916 15,333
Trust for Grade Municipals.................................. 10/31 23,946 19,573 24,392 20,860
Trust for Investment Grade New Jersey Municipals............ 10/31 18,561 17,745 18,889 15,306
Trust for Investment Grade New York Municipals.............. 10/31 19,067 17,916 19,406 15,828
Trust for Investment Grade Pennsylvania Municipals.......... 10/31 19,345 18,010 19,689 16,113
Value Municipal Income Trust................................ 10/31 22,673 19,139 23,091 19,550
High Income Trust........................................... 12/31 16,321 18,487 16,436 13,502
High Income Trust II........................................ 12/31 16,042 18,387 16,156 13,218
Income Trust................................................ 12/31 3,109 1,439 3,110 3,159
</TABLE>
F-2
<PAGE> 38
ANNEX G
TRUSTEE OWNERSHIP OF COMMON SHARES OF THE FUNDS AS OF APRIL 28, 2000
The table below indicates the number of Common Shares of the respective
Funds listed below owned by each Trustee listed below as of April 28, 2000, and
the percentage of such Trustee's Common Shares to the total Common Shares
outstanding for such Fund is shown in parenthesis when such ownership
individually exceeds 1% of the total Common Shares outstanding.
<TABLE>
<CAPTION>
ARCH DAMMEYER MYERS SONNENSCHEIN WHALEN
---- -------- ----- ------------ ------
<S> <C> <C> <C> <C> <C>
Advantage Municipal Income Trust..................... 300 166,131 -- 300 586
Advantage Municipal Income Trust II(1)............... 500 135,919(1.7%) -- 350 500
High Income Trust(2)................................. 676 207,174(1.5%) 100,000 -- 16,109
High Income Trust II................................. 550 8,515 106 -- 409
Investment Grade Municipal Trust..................... 524 -- -- -- 592
Municipal Income Trust............................... 577 -- 100 -- 594
Municipal Opportunity Trust.......................... 300 -- -- -- 582
Municipal Opportunity Trust II....................... -- 112,609 -- 350 500
Municipal Trust...................................... 800 116,889 20,900 -- 585
Select Sector Municipal Trust........................ 508 17,384 -- 350 500
Senior Income Trust.................................. -- -- -- 500 500
Strategic Sector Municipal Trust..................... 500 84,982 -- --
Trust for Insured Municipal.......................... 300 86,891 -- -- 593
Trust for Investment Grade Municipals................ 300 126,723 -- -- 591
Value Municipal Income Trust......................... -- 74,583 -- -- --
</TABLE>
- ---------------
(1) The Trustees as a group own 1.7% of the total Common Shares outstanding of
Advantage Municipal Income Trust II.
(2) The Trustees as a group own 2.4% of the total Common Shares outstanding of
the High Income Trust.
G-1
<PAGE> 39
VAN KAMPEN FUNDS LOGO
VKCL 00
<PAGE> 40
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE FORM OF PROXY
VAN KAMPEN XXXXXXXXXX
JOINT MEETING OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Common Shares of VAN KAMPEN XXXXXXXXXX,
a [Massachusetts business trust] [Pennsylvania trust] (the
"Fund"), hereby appoints Stephen L. Boyd and A. Thomas Smith III,
and each of them, with full power of substitution and revocation,
as proxies to represent the undersigned at the Joint Annual
Meeting of Shareholders to be held at the offices of Van Kampen
Investments, Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois
60181-5555, on Wednesday, June 21, 2000 at 3:00 p.m., and any and
all adjournments thereof (the "Meeting"), and thereat to vote all
Common Shares which the undersigned would be entitled to vote,
with all powers the undersigned would possess if personally
present, in accordance with the following instructions.
Account No. No. of Shares Proxy No.
<TABLE>
<S> <C> <C> <C> <C>
1. Authority to vote for the election as Class I Trustees, the FOR ALL
nominees named below: FOR WITHHOLD EXCEPT
[ ] [ ] [ ]
David C. Arch and Howard J Kerr
TO WITHHOLD AUTHORITY TO VOTE FOR ANY INDIVIDUAL NOMINEE,
CHECK "FOR ALL EXCEPT" AND WRITE THE NOMINEE'S NAME ON THE
LINE BELOW.
------------------------------------------------------------
The proposal to ratify Deloitte & Touche LLP as the
2. independent public accountants for the Fund's current fiscal FOR AGAINST ABSTAIN
year. [ ] [ ] [ ]
To transact such other business as may properly come before
3. the Meeting.
</TABLE>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" EACH OF THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND PROXY STATEMENT FOR THE MEETING TO BE HELD
ON JUNE 21, 2000.
Date , 2000
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder should
sign.
<PAGE> 41
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE FORM OF PROXY
VAN KAMPEN XXXXXXXXXX
JOINT MEETING OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Common Shares of VAN KAMPEN XXXXXXXXXX,
a [Massachusetts business trust] [Pennsylvania trust] (the
"Fund"), hereby appoints Stephen L. Boyd and A. Thomas Smith,
III, and each of them, with full power of substitution and
revocation, as proxies to represent the undersigned at the Joint
Meeting of Shareholders to be held at the offices of Van Kampen
Investments Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois
60181-5555, on Wednesday, June 21, 2000 at 3:00 p.m., and any and
all adjournments thereof (the "Meeting"), and thereat to vote all
Common Shares which the undersigned would be entitled to vote,
with all powers the undersigned would possess if personally
present, in accordance with the following instructions.
Account No. No. of Shares Proxy No.
<TABLE>
<S> <C> <C> <C> <C>
1. Authority to vote for the election as a Class II Trustee,
the nominee named below: FOR WITHHOLD
[ ] [ ]
Wayne W. Whalen
2. The proposal to ratify Deloitte & Touche LLP as the FOR AGAINST ABSTAIN
independent public accountants for the Fund's current fiscal [ ] [ ] [ ]
year.
3. To transact such other business as may properly come before
the Meeting.
</TABLE>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" EACH OF THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND PROXY STATEMENT FOR THE MEETING TO BE HELD
ON JUNE 21, 2000.
Date , 2000
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder should
sign.
<PAGE> 42
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE FORM OF PROXY
VAN KAMPEN XXXXXXXXX
JOINT MEETING OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Common Shares of VAN KAMPEN XXXXXXXXX,
a [Delaware business trust] [Massachusetts business trust] (the
"Fund"), hereby appoints Stephen L. Boyd and A. Thomas Smith III,
and each of them, with full power of substitution and revocation,
as proxies to represent the undersigned at the Joint Annual
Meeting of Shareholders to be held at the offices of Van Kampen
Investments Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois
60181-5555, on Wednesday, June 21, 2000 at 3:00 p.m., and any and
all adjournments thereof (the "Meeting"), and thereat to vote all
Common Shares which the undersigned would be entitled to vote,
with all powers the undersigned would possess if personally
present, in accordance with the following instructions.
Account No. No. of Shares Proxy No.
<TABLE>
<S> <C> <C> <C> <C>
1. Authority to vote for the election as Class II Trustees, the FOR ALL
nominees named below: FOR WITHHOLD EXCEPT
[ ] [ ] [ ]
Wayne W. Whalen and Rod Dammeyer
TO WITHHOLD AUTHORITY TO VOTE FOR ANY INDIVIDUAL NOMINEE,
CHECK "FOR ALL EXCEPT" AND WRITE THE NOMINEE'S NAME ON THE
LINE BELOW.
------------------------------------------------------------
The proposal to ratify Deloitte & Touche LLP as the
2. independent public accountants for the Fund's current fiscal FOR AGAINST ABSTAIN
year. [ ] [ ] [ ]
To transact such other business as may properly come before
3. the Meeting.
</TABLE>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" EACH OF THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND PROXY STATEMENT FOR THE MEETING TO BE HELD
ON JUNE 21, 2000.
Date , 2000
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder should
sign.
<PAGE> 43
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE FORM OF PROXY
VAN KAMPEN SELECT SECTOR MUNICIPAL TRUST
JOINT MEETING OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Common Shares of VAN KAMPEN SELECT
SECTOR MUNICIPAL TRUST, a Massachusetts business trust (the
"Fund"), hereby appoints Stephen L. Boyd and A. Thomas Smith,
III, and each of them, with full power of substitution and
revocation, as proxies to represent the undersigned at the Joint
Annual Meeting of Shareholders to be held at the offices of Van
Kampen Investments, Inc., 1 Parkview Plaza, Oakbrook Terrace,
Illinois 60181-5555, on Wednesday, June 21, 2000 at 3:00 p.m.,
and any and all adjournments thereof (the "Meeting"), and thereat
to vote all Common Shares which the undersigned would be entitled
to vote, with all powers the undersigned would possess if
personally present, in accordance with the following
instructions.
Account No. No. of Shares Proxy No.
<TABLE>
<S> <C> <C> <C> <C>
1. Authority to vote for the election as Class III Trustees, FOR ALL
the nominees named below: FOR WITHHOLD EXCEPT
[ ] [ ] [ ]
Richard F. Powers, III and Hugo F. Sonnenschein
TO WITHHOLD AUTHORITY TO VOTE FOR ANY INDIVIDUAL NOMINEE,
CHECK "FOR ALL EXCEPT" AND WRITE THE NOMINEE'S NAME ON THE
LINE BELOW.
------------------------------------------------------------
The proposal to ratify Deloitte & Touche LLP as the
2. independent public accountants for the Fund's current fiscal FOR AGAINST ABSTAIN
year. [ ] [ ] [ ]
To transact such other business as may properly come before
3. the Meeting.
</TABLE>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" EACH OF THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND PROXY STATEMENT FOR THE MEETING TO BE HELD
ON JUNE 21, 2000.
Date , 2000
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder should
sign.
<PAGE> 44
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE FORM OF PROXY
VAN KAMPEN INCOME TRUST
JOINT SPECIAL MEETING OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Common Shares of VAN KAMPEN INCOME
TRUST, a Massachusetts business trust (the "Fund"), hereby
appoints Stephen L. Boyd and A. Thomas Smith III, and each of
them, with full power of substitution and revocation, as proxies
to represent the undersigned at the Joint Annual Meeting of
Shareholders to be held at the offices of Van Kampen Inc., 1
Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555, on
Wednesday, June 21, 2000 at 3:00 p.m., and any and all
adjournments thereof (the "Meeting"), and thereat to vote all
common shares which the undersigned would be entitled to vote,
with all powers the undersigned would possess if personally
present, in accordance with the following instructions.
Account No. No. of Shares Class of Shares Proxy No.
<TABLE>
<S> <C> <C> <C> <C>
1. Authority to vote for the election as Class III Trustees, FOR ALL
the nominees named below: FOR WITHHOLD EXCEPT
Richard F. Powers, III, Hugo F. Sonnenschein and Theodore A. [ ] [ ] [ ]
Myers
TO WITHHOLD AUTHORITY TO VOTE FOR ANY INDIVIDUAL NOMINEE,
CHECK "FOR ALL EXCEPT" AND WRITE THE NOMINEE'S NAME ON THE
LINE BELOW.
------------------------------------------------------------
2. The proposal to ratify Deloitte & Touche LLP as the FOR AGAINST ABSTAIN
independent public accountants for the Fund's current fiscal [ ] [ ] [ ]
year;
3. To transact such other business as may properly come before
the Meeting.
</TABLE>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" EACH OF THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND PROXY STATEMENT FOR THE MEETING TO BE HELD
ON JUNE 21, 2000.
Date , 2000
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder should
sign.
<PAGE> 45
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE PROXY
VAN KAMPEN SELECT SECTOR MUNICIPAL TRUST
JOINT MEETING OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Preferred Shares of VAN KAMPEN SELECT
SECTOR MUNICIPAL TRUST, a Massachusetts business trust (the
"Fund"), hereby appoints Stephen L. Boyd and A. Thomas Smith,
III, and each of them, with full power of substitution and
revocation, as proxies to represent the undersigned at the Joint
Annual Meeting of Shareholders to be held at the offices of Van
Kampen Investments Inc., 1 Parkview Plaza, Oakbrook Terrace,
Illinois 60181-5555, on Wednesday, June 21, 2000 at 3:00 p.m.,
and any and all adjournments thereof (the "Meeting"), and thereat
to vote all Preferred Shares which the undersigned would be
entitled to vote, with all powers the undersigned would possess
if personally present, in accordance with the following
instructions.
Account No. No. of Shares Proxy No.
<TABLE>
<S> <C> <C> <C> <C>
1. Authority to vote for the election as a Class III Trustee, FOR WITHHOLD
the nominee named below: [ ] [ ]
Theodore A. Myers
2. The proposal to ratify Deloitte & Touche LLP as the FOR AGAINST ABSTAIN
independent public accountants for the Fund's current fiscal [ ] [ ] [ ]
year.
3. To transact such other business as may properly come before
the Meeting.
</TABLE>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" EACH OF THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND PROXY STATEMENT FOR THE MEETING TO BE HELD
ON JUNE 21, 2000.
Date , 2000
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder should
sign.
<PAGE> 46
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE PROXY
VAN KAMPEN MUNICIPAL INCOME TRUST
JOINT MEETING OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Preferred Shares of VAN KAMPEN
MUNICIPAL INCOME TRUST, a Massachusetts business trust (the
"Fund"), hereby appoints Stephen L. Boyd and A. Thomas Smith III,
and each of them, with full power of substitution and revocation,
as proxies to represent the undersigned at the Joint Annual
Meeting of Shareholders to be held at the offices of Van Kampen
Investments Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois
60181-5555, on Wednesday, June 21, 2000 at 3:00 p.m., and any and
all adjournments thereof (the "Meeting"), and thereat to vote all
Preferred Shares which the undersigned would be entitled to vote,
with all powers the undersigned would possess if personally
present, in accordance with the following instructions.
Account No. No. of Shares Proxy No.
<TABLE>
<S> <C> <C> <C> <C>
1. Authority to vote for the election as a Class II Trustee, FOR WITHHOLD
the nominee named below: [ ] [ ]
Rod Dammeyer
2. The proposal to ratify Deloitte & Touche LLP as the FOR AGAINST ABSTAIN
independent public accountants for the Fund's current fiscal [ ] [ ] [ ]
year.
3. To transact such other business as may properly come before
the Meeting.
</TABLE>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" EACH OF THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND PROXY STATEMENT FOR THE MEETING TO BE HELD
ON JUNE 21, 2000.
Date , 2000
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder should
sign.
<PAGE> 47
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE PROXY
VAN KAMPEN CALIFORNIA MUNICIPAL TRUST
JOINT MEETING OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Preferred Shares of VAN KAMPEN
CALIFORNIA MUNICIPAL TRUST, a Massachusetts business trust (the
"Fund"), hereby appoints Stephen L. Boyd and A. Thomas Smith III,
and each of them, with full power of substitution and revocation,
as proxies to represent the undersigned at the Joint Annual
Meeting of Shareholders to be held at the offices of Van Kampen
Investments Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois
60181-5555, on Wednesday, June 21, 2000 at 3:00 p.m., and any and
all adjournments thereof (the "Meeting"), and thereat to vote all
Preferred Shares which the undersigned would be entitled to vote,
with all powers the undersigned would possess if personally
present, in accordance with the following instructions.
Account No. No. of Shares Proxy No.
<TABLE>
<S> <C> <C> <C> <C>
1. Authority to vote for the election as a Class II Trustee, FOR WITHHOLD
the nominee named below: [ ] [ ]
Rod Dammeyer
2. The proposal to ratify Deloitte & Touche LLP as the FOR AGAINST ABSTAIN
independent public accountants for the Fund's current fiscal [ ] [ ] [ ]
year.
3. To transact such other business as may properly come before
the Meeting.
</TABLE>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" EACH OF THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND PROXY STATEMENT FOR THE MEETING TO BE HELD
ON JUNE 21, 2000.
Date , 2000
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder should
sign.
<PAGE> 48
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE PROXY
VAN KAMPEN MUNICIPAL TRUST
JOINT MEETING OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Preferred Shares of VAN KAMPEN
MUNICIPAL TRUST, a Massachusetts business trust (the "Fund"),
hereby appoints Stephen L. Boyd and A. Thomas Smith III, and each
of them, with full power of substitution and revocation, as
proxies to represent the undersigned at the Joint Annual Meeting
of Shareholders to be held at the offices of Van Kampen
Investments Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois
60181-5555, on Wednesday, June 21, 2000 at 3:00 p.m., and any and
all adjournments thereof (the "Meeting"), and thereat to vote all
Preferred Shares which the undersigned would be entitled to vote,
with all powers the undersigned would possess if personally
present, in accordance with the following instructions.
Account No. No. of Shares Proxy No.
<TABLE>
<S> <C> <C> <C> <C>
1. Authority to vote for the election as a Class II Trustee, FOR WITHHOLD
the nominee named below: [ ] [ ]
Rod Dammeyer
2. The proposal to ratify Deloitte & Touche LLP as the FOR AGAINST ABSTAIN
independent public accountants for the Fund's current fiscal [ ] [ ] [ ]
year.
3. To transact such other business as may properly come before
the Meeting.
</TABLE>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" EACH OF THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND PROXY STATEMENT FOR THE MEETING TO BE HELD
ON JUNE 21, 2000.
Date , 2000
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder should
sign.
<PAGE> 49
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE PROXY
VAN KAMPEN CALIFORNIA QUALITY MUNICIPAL TRUST
JOINT MEETING OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Preferred Shares of VAN KAMPEN
CALIFORNIA QUALITY MUNICIPAL TRUST, a Massachusetts business
trust (the "Fund"), hereby appoints Stephen L. Boyd and A. Thomas
Smith III, and each of them, with full power of substitution and
revocation, as proxies to represent the undersigned at the Joint
Annual Meeting of Shareholders to be held at the offices of Van
Kampen Investments Inc., 1 Parkview Plaza, Oakbrook Terrace,
Illinois 60181-5555, on Wednesday, June 21, 2000 at 3:00 p.m.,
and any and all adjournments thereof (the "Meeting"), and thereat
to vote all Preferred Shares which the undersigned would be
entitled to vote, with all powers the undersigned would possess
if personally present, in accordance with the following
instructions.
Account No. No. of Shares Proxy No.
<TABLE>
<S> <C> <C> <C> <C>
1. Authority to vote for the election as a Class II Trustee, FOR WITHHOLD
the nominee named below: [ ] [ ]
Rod Dammeyer
2. The proposal to ratify Deloitte & Touche LLP as the FOR AGAINST ABSTAIN
independent public accountants for the Fund's current fiscal [ ] [ ] [ ]
year.
3. To transact such other business as may properly come before
the Meeting.
</TABLE>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" EACH OF THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND PROXY STATEMENT FOR THE MEETING TO BE HELD
ON JUNE 21, 2000.
Date , 2000
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder should
sign.
<PAGE> 50
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE PROXY
VAN KAMPEN NEW YORK QUALITY MUNICIPAL TRUST
JOINT MEETING OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Preferred Shares of VAN KAMPEN NEW YORK
QUALITY MUNICIPAL TRUST, a Massachusetts business trust (the
"Fund"), hereby appoints Stephen L. Boyd and A. Thomas Smith III,
and each of them, with full power of substitution and revocation,
as proxies to represent the undersigned at the Joint Annual
Meeting of Shareholders to be held at the offices of Van Kampen
Investments Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois
60181-5555, on Wednesday, June 21, 2000 at 3:00 p.m., and any and
all adjournments thereof (the "Meeting"), and thereat to vote all
Preferred Shares which the undersigned would be entitled to vote,
with all powers the undersigned would possess if personally
present, in accordance with the following instructions.
Account No. No. of Shares Proxy No.
<TABLE>
<S> <C> <C> <C> <C>
1. Authority to vote for the election as a Class II Trustee, FOR WITHHOLD
the nominee named below: [ ] [ ]
Rod Dammeyer
2. The proposal to ratify Deloitte & Touche LLP as the FOR AGAINST ABSTAIN
independent public accountants for the Fund's current fiscal [ ] [ ] [ ]
year.
3. To transact such other business as may properly come before
the Meeting.
</TABLE>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" EACH OF THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND PROXY STATEMENT FOR THE MEETING TO BE HELD
ON JUNE 21, 2000.
Date , 2000
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder should
sign.
<PAGE> 51
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE PROXY
VAN KAMPEN PENNSYLVANIA QUALITY MUNICIPAL TRUST
JOINT MEETING OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Preferred Shares of VAN KAMPEN
PENNSYLVANIA QUALITY MUNICIPAL TRUST, a Pennsylvania trust (the
"Fund"), hereby appoints Stephen L. Boyd and A. Thomas Smith III,
and each of them, with full power of substitution and revocation,
as proxies to represent the undersigned at the Joint Annual
Meeting of Shareholders to be held at the offices of Van Kampen
Investments Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois
60181-5555, on Wednesday, June 21, 2000 at 3:00 p.m., and any and
all adjournments thereof (the "Meeting"), and thereat to vote all
Preferred Shares which the undersigned would be entitled to vote,
with all powers the undersigned would possess if personally
present, in accordance with the following instructions.
Account No. No. of Shares Proxy No.
<TABLE>
<S> <C> <C> <C> <C>
1. Authority to vote for the election as a Class II Trustee, FOR WITHHOLD
the nominee named below: [ ] [ ]
Rod Dammeyer
2. The proposal to ratify Deloitte & Touche LLP as the FOR AGAINST ABSTAIN
independent public accountants for the Fund's current fiscal [ ] [ ] [ ]
year.
3. To transact such other business as may properly come before
the Meeting.
</TABLE>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" EACH OF THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND PROXY STATEMENT FOR THE MEETING TO BE HELD
ON JUNE 21, 2000.
Date , 2000
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder should
sign.
<PAGE> 52
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE PROXY
VAN KAMPEN FLORIDA QUALITY MUNICIPAL TRUST
JOINT MEETING OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Preferred Shares of VAN KAMPEN FLORIDA
QUALITY MUNICIPAL TRUST, a Massachusetts business trust (the
"Fund"), hereby appoints Stephen L. Boyd and A. Thomas Smith III,
and each of them, with full power of substitution and revocation,
as proxies to represent the undersigned at the Joint Annual
Meeting of Shareholders to be held at the offices of Van Kampen
Investments Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois
60181-5555, on Wednesday, June 21, 2000 at 3:00 p.m., and any and
all adjournments thereof (the "Meeting"), and thereat to vote all
Preferred Shares which the undersigned would be entitled to vote,
with all powers the undersigned would possess if personally
present, in accordance with the following instructions.
Account No. No. of Shares Proxy No.
<TABLE>
<S> <C> <C> <C> <C>
1. Authority to vote for the election as a Class II Trustee, FOR WITHHOLD
the nominee named below: [ ] [ ]
Rod Dammeyer
2. The proposal to ratify Deloitte & Touche LLP as the FOR AGAINST ABSTAIN
independent public accountants for the Fund's current fiscal [ ] [ ] [ ]
year.
3. To transact such other business as may properly come before
the Meeting.
</TABLE>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" EACH OF THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND PROXY STATEMENT FOR THE MEETING TO BE HELD
ON JUNE 21, 2000.
Date , 2000
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder should
sign.
<PAGE> 53
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE PROXY
VAN KAMPEN OHIO QUALITY MUNICIPAL TRUST
JOINT MEETING OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Preferred Shares of VAN KAMPEN OHIO
QUALITY MUNICIPAL TRUST, a Massachusetts business trust (the
"Fund"), hereby appoints Stephen L. Boyd and A. Thomas Smith III,
and each of them, with full power of substitution and revocation,
as proxies to represent the undersigned at the Joint Annual
Meeting of Shareholders to be held at the offices of Van Kampen
Investments Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois
60181-5555, on Wednesday, June 21, 2000 at 3:00 p.m., and any and
all adjournments thereof (the "Meeting"), and thereat to vote all
Preferred Shares which the undersigned would be entitled to vote,
with all powers the undersigned would possess if personally
present, in accordance with the following instructions.
Account No. No. of Shares Proxy No.
<TABLE>
<S> <C> <C> <C> <C>
1. Authority to vote for the election as a Class II Trustee, FOR WITHHOLD
the nominee named below: [ ] [ ]
Rod Dammeyer
2. The proposal to ratify Deloitte & Touche LLP as the FOR AGAINST ABSTAIN
independent public accountants for the Fund's current fiscal [ ] [ ] [ ]
year.
3. To transact such other business as may properly come before
the Meeting.
</TABLE>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" EACH OF THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND PROXY STATEMENT FOR THE MEETING TO BE HELD
ON JUNE 21, 2000.
Date , 2000
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder should
sign.
<PAGE> 54
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE PROXY
VAN KAMPEN TRUST FOR INSURED MUNICIPALS
JOINT MEETING OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Preferred Shares of VAN KAMPEN TRUST
FOR INSURED MUNICIPALS, a Massachusetts business trust (the
"Fund"), hereby appoints Stephen L. Boyd and A. Thomas Smith III,
and each of them, with full power of substitution and revocation,
as proxies to represent the undersigned at the Joint Annual
Meeting of Shareholders to be held at the offices of Van Kampen
Investments Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois
60181-5555, on Wednesday, June 21, 2000 at 3:00 p.m., and any and
all adjournments thereof (the "Meeting"), and thereat to vote all
Preferred Shares which the undersigned would be entitled to vote,
with all powers the undersigned would possess if personally
present, in accordance with the following instructions.
Account No. No. of Shares Proxy No.
<TABLE>
<S> <C> <C> <C> <C>
1. Authority to vote for the election as a Class II Trustee, FOR WITHHOLD
the nominee named below: [ ] [ ]
Rod Dammeyer
2. The proposal to ratify Deloitte & Touche LLP as the FOR AGAINST ABSTAIN
independent public accountants for the Fund's current fiscal [ ] [ ] [ ]
year.
3. To transact such other business as may properly come before
the Meeting.
</TABLE>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" EACH OF THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND PROXY STATEMENT FOR THE MEETING TO BE HELD
ON JUNE 21, 2000.
Date , 2000
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder should
sign.
<PAGE> 55
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE PROXY
VAN KAMPEN TRUST FOR INVESTMENT GRADE MUNICIPALS
JOINT MEETING OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Preferred Shares of VAN KAMPEN TRUST
FOR INVESTMENT GRADE MUNICIPALS, a Massachusetts business trust
(the "Fund"), hereby appoints Stephen L. Boyd and A. Thomas Smith
III, and each of them, with full power of substitution and
revocation, as proxies to represent the undersigned at the Joint
Annual Meeting of Shareholders to be held at the offices of Van
Kampen Investments Inc., 1 Parkview Plaza, Oakbrook Terrace,
Illinois 60181-5555, on Wednesday, June 21, 2000 at 3:00 p.m.,
and any and all adjournments thereof (the "Meeting"), and thereat
to vote all Preferred Shares which the undersigned would be
entitled to vote, with all powers the undersigned would possess
if personally present, in accordance with the following
instructions.
Account No. No. of Shares Proxy No.
<TABLE>
<S> <C> <C> <C> <C>
1. Authority to vote for the election as a Class II Trustee, FOR WITHHOLD
the nominee named below: [ ] [ ]
Rod Dammeyer
2. The proposal to ratify Deloitte & Touche LLP as the FOR AGAINST ABSTAIN
independent public accountants for the Fund's current fiscal [ ] [ ] [ ]
year.
3. To transact such other business as may properly come before
the Meeting.
</TABLE>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" EACH OF THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND PROXY STATEMENT FOR THE MEETING TO BE HELD
ON JUNE 21, 2000.
Date , 2000
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder should
sign.
<PAGE> 56
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE PROXY
VAN KAMPEN TRUST FOR
INVESTMENT GRADE CALIFORNIA MUNICIPALS
JOINT MEETING OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Preferred Shares of VAN KAMPEN TRUST
FOR INVESTMENT GRADE CALIFORNIA MUNICIPALS, a Massachusetts
business trust (the "Fund"), hereby appoints Stephen L. Boyd and
A. Thomas Smith III, and each of them, with full power of
substitution and revocation, as proxies to represent the
undersigned at the Joint Annual Meeting of Shareholders to be
held at the offices of Van Kampen Investments Inc., 1 Parkview
Plaza, Oakbrook Terrace, Illinois 60181-5555, on Wednesday, June
21, 2000 at 3:00 p.m., and any and all adjournments thereof (the
"Meeting"), and thereat to vote all Preferred Shares which the
undersigned would be entitled to vote, with all powers the
undersigned would possess if personally present, in accordance
with the following instructions.
Account No. No. of Shares Proxy No.
<TABLE>
<S> <C> <C> <C> <C>
1. Authority to vote for the election as a Class II Trustee, FOR WITHHOLD
the nominee named below: [ ] [ ]
Rod Dammeyer
2. The proposal to ratify Deloitte & Touche LLP as the FOR AGAINST ABSTAIN
independent public accountants for the Fund's current fiscal [ ] [ ] [ ]
year.
3. To transact such other business as may properly come before
the Meeting.
</TABLE>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" EACH OF THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND PROXY STATEMENT FOR THE MEETING TO BE HELD
ON JUNE 21, 2000.
Date , 2000
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder should
sign.
<PAGE> 57
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE PROXY
VAN KAMPEN TRUST FOR
INVESTMENT GRADE NEW YORK MUNICIPALS
JOINT MEETING OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Preferred Shares of VAN KAMPEN TRUST
FOR INVESTMENT GRADE NEW YORK MUNICIPALS, a Massachusetts
business trust (the "Fund"), hereby appoints Stephen L. Boyd and
A. Thomas Smith III, and each of them, with full power of
substitution and revocation, as proxies to represent the
undersigned at the Joint Annual Meeting of Shareholders to be
held at the offices of Van Kampen Investments Inc., 1 Parkview
Plaza, Oakbrook Terrace, Illinois 60181-5555, on Wednesday, June
21, 2000 at 3:00 p.m., and any and all adjournments thereof (the
"Meeting"), and thereat to vote all Preferred Shares which the
undersigned would be entitled to vote, with all powers the
undersigned would possess if personally present, in accordance
with the following instructions.
Account No. No. of Shares Proxy No.
<TABLE>
<S> <C> <C> <C> <C>
1. Authority to vote for the election as a Class II Trustee, FOR WITHHOLD
the nominee named below: [ ] [ ]
Rod Dammeyer
2. The proposal to ratify Deloitte & Touche LLP as the FOR AGAINST ABSTAIN
independent public accountants for the Fund's current fiscal [ ] [ ] [ ]
year.
3. To transact such other business as may properly come before
the Meeting.
</TABLE>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" EACH OF THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND PROXY STATEMENT FOR THE MEETING TO BE HELD
ON JUNE 21, 2000.
Date , 2000
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder should
sign.
<PAGE> 58
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE PROXY
VAN KAMPEN TRUST FOR
INVESTMENT GRADE PENNSYLVANIA MUNICIPALS
JOINT MEETING OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Preferred Shares of VAN KAMPEN TRUST
FOR INVESTMENT GRADE PENNSYLVANIA MUNICIPALS, a Pennsylvania
trust (the "Fund"), hereby appoints Stephen L. Boyd and A. Thomas
Smith III, and each of them, with full power of substitution and
revocation, as proxies to represent the undersigned at the Joint
Annual Meeting of Shareholders to be held at the offices of Van
Kampen Investments Inc., 1 Parkview Plaza, Oakbrook Terrace,
Illinois 60181-5555, on Wednesday, June 21, 2000 at 3:00 p.m.,
and any and all adjournments thereof (the "Meeting"), and thereat
to vote all Preferred Shares which the undersigned would be
entitled to vote, with all powers the undersigned would possess
if personally present, in accordance with the following
instructions.
Account No. No. of Shares Proxy No.
<TABLE>
<S> <C> <C> <C> <C>
1. Authority to vote for the election as a Class II Trustee, FOR WITHHOLD
the nominee named below: [ ] [ ]
Rod Dammeyer
2. The proposal to ratify Deloitte & Touche LLP as the FOR AGAINST ABSTAIN
independent public accountants for the Fund's current fiscal [ ] [ ] [ ]
year.
3. To transact such other business as may properly come before
the Meeting.
</TABLE>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" EACH OF THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND PROXY STATEMENT FOR THE MEETING TO BE HELD
ON JUNE 21, 2000.
Date , 2000
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder should
sign.
<PAGE> 59
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE PROXY
VAN KAMPEN TRUST FOR
INVESTMENT GRADE FLORIDA MUNICIPALS
JOINT MEETING OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Preferred Shares of VAN KAMPEN TRUST
FOR INVESTMENT GRADE FLORIDA MUNICIPALS, a Massachusetts business
trust (the "Fund"), hereby appoints Stephen L. Boyd and A. Thomas
Smith III, and each of them, with full power of substitution and
revocation, as proxies to represent the undersigned at the Joint
Annual Meeting of Shareholders to be held at the offices of Van
Kampen Investments Inc., 1 Parkview Plaza, Oakbrook Terrace,
Illinois 60181-5555, on Wednesday, June 21, 2000 at 3:00 p.m.,
and any and all adjournments thereof (the "Meeting"), and thereat
to vote all Preferred Shares which the undersigned would be
entitled to vote, with all powers the undersigned would possess
if personally present, in accordance with the following
instructions.
Account No. No. of Shares Proxy No.
<TABLE>
<S> <C> <C> <C> <C>
1. Authority to vote for the election as a Class II Trustee, FOR WITHHOLD
the nominee named below: [ ] [ ]
Rod Dammeyer
2. The proposal to ratify Deloitte & Touche LLP as the FOR AGAINST ABSTAIN
independent public accountants for the Fund's current fiscal [ ] [ ] [ ]
year.
3. To transact such other business as may properly come before
the Meeting.
</TABLE>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" EACH OF THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND PROXY STATEMENT FOR THE MEETING TO BE HELD
ON JUNE 21, 2000.
Date , 2000
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder should
sign.
<PAGE> 60
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE PROXY
VAN KAMPEN TRUST FOR
INVESTMENT GRADE NEW JERSEY MUNICIPALS
JOINT MEETING OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Preferred Shares of VAN KAMPEN TRUST
FOR INVESTMENT GRADE NEW JERSEY MUNICIPALS, a Massachusetts
business trust (the "Fund"), hereby appoints Stephen L. Boyd and
A. Thomas Smith III, and each of them, with full power of
substitution and revocation, as proxies to represent the
undersigned at the Joint Annual Meeting of Shareholders to be
held at the offices of Van Kampen Investments Inc., 1 Parkview
Plaza, Oakbrook Terrace, Illinois 60181-5555, on Wednesday, June
21, 2000 at 3:00 p.m., and any and all adjournments thereof (the
"Meeting"), and thereat to vote all Preferred Shares which the
undersigned would be entitled to vote, with all powers the
undersigned would possess if personally present, in accordance
with the following instructions.
Account No. No. of Shares Proxy No.
<TABLE>
<S> <C> <C> <C> <C>
1. Authority to vote for the election as a Class II Trustee, FOR WITHHOLD
the nominee named below: [ ] [ ]
Rod Dammeyer
2. The proposal to ratify Deloitte & Touche LLP as the FOR AGAINST ABSTAIN
independent public accountants for the Fund's current fiscal [ ] [ ] [ ]
year.
3. To transact such other business as may properly come before
the Meeting.
</TABLE>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" EACH OF THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND PROXY STATEMENT FOR THE MEETING TO BE HELD
ON JUNE 21, 2000.
Date , 2000
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder should
sign.
<PAGE> 61
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE PROXY
VAN KAMPEN MUNICIPAL OPPORTUNITY TRUST
JOINT MEETING OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Preferred Shares of VAN KAMPEN
MUNICIPAL OPPORTUNITY TRUST, a Massachusetts business trust (the
"Fund"), hereby appoints Stephen L. Boyd and A. Thomas Smith III,
and each of them, with full power of substitution and revocation,
as proxies to represent the undersigned at the Joint Annual
Meeting of Shareholders to be held at the offices of Van Kampen
Investments Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois
60181-5555, on Wednesday, June 21, 2000 at 3:00 p.m., and any and
all adjournments thereof (the "Meeting"), and thereat to vote all
Preferred Shares which the undersigned would be entitled to vote,
with all powers the undersigned would possess if personally
present, in accordance with the following instructions.
Account No. No. of Shares Proxy No.
<TABLE>
<S> <C> <C> <C> <C>
1. Authority to vote for the election as a Class II Trustee, FOR WITHHOLD
the nominee named below: [ ] [ ]
Rod Dammeyer
2. The proposal to ratify Deloitte & Touche LLP as the FOR AGAINST ABSTAIN
independent public accountants for the Fund's current fiscal [ ] [ ] [ ]
year.
3. To transact such other business as may properly come before
the Meeting.
</TABLE>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" EACH OF THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND PROXY STATEMENT FOR THE MEETING TO BE HELD
ON JUNE 21, 2000.
Date , 2000
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder should
sign.
<PAGE> 62
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE PROXY
VAN KAMPEN ADVANTAGE MUNICIPAL INCOME TRUST
JOINT MEETING OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Preferred Shares of VAN KAMPEN
ADVANTAGE MUNICIPAL INCOME TRUST, a Massachusetts business trust
(the "Fund"), hereby appoints Stephen L. Boyd and A. Thomas Smith
III, and each of them, with full power of substitution and
revocation, as proxies to represent the undersigned at the Joint
Annual Meeting of Shareholders to be held at the offices of Van
Kampen Investments Inc., 1 Parkview Plaza, Oakbrook Terrace,
Illinois 60181-5555, on Wednesday, June 21, 2000 at 3:00 p.m.,
and any and all adjournments thereof (the "Meeting"), and thereat
to vote all Preferred Shares which the undersigned would be
entitled to vote, with all powers the undersigned would possess
if personally present, in accordance with the following
instructions.
Account No. No. of Shares Proxy No.
<TABLE>
<S> <C> <C> <C> <C>
1. Authority to vote for the election as a Class II Trustee, FOR WITHHOLD
the nominee named below: [ ] [ ]
Rod Dammeyer
2. The proposal to ratify Deloitte & Touche LLP as the FOR AGAINST ABSTAIN
independent public accountants for the Fund's current fiscal [ ] [ ] [ ]
year.
3. To transact such other business as may properly come before
the Meeting.
</TABLE>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" EACH OF THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND PROXY STATEMENT FOR THE MEETING TO BE HELD
ON JUNE 21, 2000.
Date , 2000
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder should
sign.
<PAGE> 63
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE PROXY
VAN KAMPEN ADVANTAGE
PENNSYLVANIA MUNICIPAL INCOME TRUST
JOINT MEETING OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Preferred Shares of VAN KAMPEN
ADVANTAGE PENNSYLVANIA MUNICIPAL INCOME TRUST, a Pennsylvania
trust (the "Fund"), hereby appoints Stephen L. Boyd and A. Thomas
Smith III, and each of them, with full power of substitution and
revocation, as proxies to represent the undersigned at the Joint
Annual Meeting of Shareholders to be held at the offices of Van
Kampen Investments Inc., 1 Parkview Plaza, Oakbrook Terrace,
Illinois 60181-5555, on Wednesday, June 21, 2000 at 3:00 p.m.,
and any and all adjournments thereof (the "Meeting"), and thereat
to vote all Preferred Shares which the undersigned would be
entitled to vote, with all powers the undersigned would possess
if personally present, in accordance with the following
instructions.
Account No. No. of Shares Proxy No.
<TABLE>
<S> <C> <C> <C> <C>
1. Authority to vote for the election as a Class II Trustee, FOR WITHHOLD
the nominee named below: [ ] [ ]
Rod Dammeyer
2. The proposal to ratify Deloitte & Touche LLP as the FOR AGAINST ABSTAIN
independent public accountants for the Fund's current fiscal [ ] [ ] [ ]
year.
3. To transact such other business as may properly come before
the Meeting.
</TABLE>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" EACH OF THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND PROXY STATEMENT FOR THE MEETING TO BE HELD
ON JUNE 21, 2000.
Date , 2000
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder should
sign.
<PAGE> 64
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE PROXY
VAN KAMPEN HIGH INCOME TRUST II
JOINT MEETING OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Preferred Shares of VAN KAMPEN HIGH
INCOME TRUST II, a Massachusetts business trust (the "Fund"),
hereby appoints Stephen L. Boyd and A. Thomas Smith III, and each
of them, with full power of substitution and revocation, as
proxies to represent the undersigned at the Joint Annual Meeting
of Shareholders to be held at the offices of Van Kampen
Investments Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois
60181-5555, on Wednesday, June 21, 2000 at 3:00 p.m., and any and
all adjournments thereof (the "Meeting"), and thereat to vote all
Preferred Shares which the undersigned would be entitled to vote,
with all powers the undersigned would possess if personally
present, in accordance with the following instructions.
Account No. No. of Shares Proxy No.
<TABLE>
<S> <C> <C> <C> <C>
1. Authority to vote for the election as a Class II Trustee, FOR WITHHOLD
the nominee named below: [ ] [ ]
Rod Dammeyer
2. The proposal to ratify Deloitte & Touche LLP as the FOR AGAINST ABSTAIN
independent public accountants for the Fund's current fiscal [ ] [ ] [ ]
year.
3. To transact such other business as may properly come before
the Meeting.
</TABLE>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" EACH OF THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND PROXY STATEMENT FOR THE MEETING TO BE HELD
ON JUNE 21, 2000.
Date , 2000
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder should
sign.
<PAGE> 65
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE PROXY
VAN KAMPEN HIGH INCOME TRUST
JOINT MEETING OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Preferred Shares of VAN KAMPEN HIGH
INCOME TRUST, a Massachusetts business trust (the "Fund"), hereby
appoints Stephen L. Boyd and A. Thomas Smith III, and each of
them, with full power of substitution and revocation, as proxies
to represent the undersigned at the Joint Annual Meeting of
Shareholders to be held at the offices of Van Kampen Investments
Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555, on
Wednesday, June 21, 2000 at 3:00 p.m., and any and all
adjournments thereof (the "Meeting"), and thereat to vote all
Preferred Shares which the undersigned would be entitled to vote,
with all powers the undersigned would possess if personally
present, in accordance with the following instructions.
Account No. No. of Shares Proxy No.
<TABLE>
<S> <C> <C> <C> <C>
1. Authority to vote for the election as a Class II Trustee, FOR WITHHOLD
the nominee named below: [ ] [ ]
Rod Dammeyer
2. The proposal to ratify Deloitte & Touche LLP as the FOR AGAINST ABSTAIN
independent public accountants for the Fund's current fiscal [ ] [ ] [ ]
year.
3. To transact such other business as may properly come before
the Meeting.
</TABLE>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" EACH OF THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND PROXY STATEMENT FOR THE MEETING TO BE HELD
ON JUNE 21, 2000.
Date , 2000
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder should
sign.
