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012 A000001 ACCESS INVESTORS SERVICES, INC.
012 B000001 84-01621
012 C010001 KANSAS CITY
012 C020001 MO
012 C030001 64141
012 C040001 9256
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<PAGE> PAGE 2
013 B020001 TX
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014 B000001 8-
014 A000002 Dean Witter Reynolds, Inc.
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<PAGE> PAGE 3
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<PAGE> PAGE 9
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SIGNATURE DENNIS J MCDONNELL
TITLE PRES, CEO & TRUSTEE
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 11
<NAME> Government Securities Class A
<MULTIPLIER> 1000
<CAPTION>
<S> <C>
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<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 2307338<F1>
<INVESTMENTS-AT-VALUE> 2330147<F1>
<RECEIVABLES> 27591<F1>
<ASSETS-OTHER> 86<F1>
<OTHER-ITEMS-ASSETS> 62<F1>
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<PAYABLE-FOR-SECURITIES> 113227<F1>
<SENIOR-LONG-TERM-DEBT> 0<F1>
<OTHER-ITEMS-LIABILITIES> 16877<F1>
<TOTAL-LIABILITIES> 130104<F1>
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<SHARES-COMMON-STOCK> 200177
<SHARES-COMMON-PRIOR> 214671
<ACCUMULATED-NII-CURRENT> 2471<F1>
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<ACCUMULATED-NET-GAINS> (709409)<F1>
<OVERDISTRIBUTION-GAINS> 0<F1>
<ACCUM-APPREC-OR-DEPREC> 27998<F1>
<NET-ASSETS> 1995390
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<EXPENSES-NET> (12464)<F1>
<NET-INVESTMENT-INCOME> 77895<F1>
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<DISTRIBUTIONS-OF-INCOME> (68923)
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<PER-SHARE-NAV-BEGIN> 10.045
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<FN>
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This item relates to the Fund on a composite basis and not on a class basis.
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 12
<NAME> Government Securities Class B
<MULTIPLIER> 1000
<CAPTION>
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 2307338<F1>
<INVESTMENTS-AT-VALUE> 2330147<F1>
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<ASSETS-OTHER> 86<F1>
<OTHER-ITEMS-ASSETS> 62<F1>
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<OTHER-ITEMS-LIABILITIES> 16877<F1>
<TOTAL-LIABILITIES> 130104<F1>
<SENIOR-EQUITY> 0<F1>
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<SHARES-COMMON-PRIOR> 23554
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<DISTRIBUTIONS-OF-INCOME> (6677)
<DISTRIBUTIONS-OF-GAINS> 0
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<ACCUMULATED-NII-PRIOR> 1350<F1>
<ACCUMULATED-GAINS-PRIOR> (656679)<F1>
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<FN>
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This item relates to the Fund on a composite basis and not on a class basis.
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 13
<NAME> Government Securities Class C
<MULTIPLIER> 1000
<CAPTION>
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<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 2307338<F1>
<INVESTMENTS-AT-VALUE> 2330147<F1>
<RECEIVABLES> 27591<F1>
<ASSETS-OTHER> 86<F1>
<OTHER-ITEMS-ASSETS> 62<F1>
<TOTAL-ASSETS> 2357886<F1>
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<SENIOR-LONG-TERM-DEBT> 0<F1>
<OTHER-ITEMS-LIABILITIES> 16877<F1>
<TOTAL-LIABILITIES> 130104<F1>
<SENIOR-EQUITY> 0<F1>
<PAID-IN-CAPITAL-COMMON> 15089
<SHARES-COMMON-STOCK> 1842
<SHARES-COMMON-PRIOR> 2155
<ACCUMULATED-NII-CURRENT> 2471<F1>
<OVERDISTRIBUTION-NII> 0<F1>
<ACCUMULATED-NET-GAINS> (709409)<F1>
<OVERDISTRIBUTION-GAINS> 0<F1>
<ACCUM-APPREC-OR-DEPREC> 27998<F1>
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<INTEREST-INCOME> 90359<F1>
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<NET-INVESTMENT-INCOME> 77895<F1>
<REALIZED-GAINS-CURRENT> (53308)<F1>
<APPREC-INCREASE-CURRENT> 32300<F1>
<NET-CHANGE-FROM-OPS> 56887<F1>
<EQUALIZATION> 0<F1>
<DISTRIBUTIONS-OF-INCOME> (596)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 133
<NUMBER-OF-SHARES-REDEEMED> (482)
<SHARES-REINVESTED> 36
<NET-CHANGE-IN-ASSETS> (3288)
<ACCUMULATED-NII-PRIOR> 1350<F1>
<ACCUMULATED-GAINS-PRIOR> (656679)<F1>
<OVERDISTRIB-NII-PRIOR> 0<F1>
<OVERDIST-NET-GAINS-PRIOR> 0<F1>
<GROSS-ADVISORY-FEES> 5974<F1>
<INTEREST-EXPENSE> 0<F1>
<GROSS-EXPENSE> 12464<F1>
<AVERAGE-NET-ASSETS> 19821
<PER-SHARE-NAV-BEGIN> 10.031
<PER-SHARE-NII> 0.302
<PER-SHARE-GAIN-APPREC> (0.086)
<PER-SHARE-DIVIDEND> (0.294)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 9.953
<EXPENSE-RATIO> 1.76
<AVG-DEBT-OUTSTANDING> 0<F1>
<AVG-DEBT-PER-SHARE> 0<F1>
<FN>
<F1>
This item relates to the Fund on a composite basis and not on a class basis.
</FN>
</TABLE>
NSAR ITEM 77C
Van Kampen American Capital Government Securities Fund
(a) A Special Meeting of Shareholders was held on May 28, 1997.
(b) The election of Trustees of Van Kampen American Capital Government
Securities Fund (the "Fund") included:
J. Miles Branagan, Richard M. DeMartini, Linda Hutton Heagy,
R. Craig Kennedy, Jack E. Nelson, Jerome L. Robinson, Phillip B. Rooney,
Fernando Sisto and Wayne W. Whalen
(c) The following were voted on at the meeting:
(1) Approval of New Investment Advisory Agreement in the event of a
change of control of the Adviser.
For 132,119,885 Against 3,088,653
(4) For each AC Fund, to Ratify the Selection of Price Waterhouse LLP
Independent Public Accountants for its Current Fiscal Year.
For 134,777,478 Against 1,622,100
