AMERICAN CAPITAL EMERGING GROWTH FUND INC
NSAR-A, 1997-04-29
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SIGNATURE   DENNIS J MCDONNELL
TITLE       PRES, CEO & TRUSTEE



                              NSAR ITEM 77C


Van Kampen American Capital Emerging Growth Fund


(a)  A Special Meeting of Shareholders was held on October 25, 1996.

(b)  The election of Trustees of Van Kampen American Capital Emerging
     Growth Fund (the "Fund") included:

     None

(c)  The following were voted on at the meeting:

     (1)  Approval of New Investment Advisory Agreement in the event
          of a change of control of the Adviser.

               For   40,959,954               Against   891,174


     (2)  Approval of changes to Fundamental Investment Policies with
          respect to investments in other investment companies.

               For   30,608,277               Against   1,224,134


     (4)  For each AC Fund, to Ratify the Selection of Price Waterhouse
          LLP as Independent Public Accountants for its Current Fiscal
          Year.

               For   41,428,614               Against   506,309

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<NAME>  VKAC Emerging Growth Fund - Class A
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