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<PAGE> PAGE 2
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SIGNATURE DENNIS J MCDONNELL
TITLE PRES, CEO & TRUSTEE
NSAR ITEM 77C
Van Kampen American Capital High Yield Municipal Fund
(a) A Special Meeting of Shareholders was held on May 28, 1997.
(b) The election of Trustees of Van Kampen American Capital High
Yield Municipal 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 67,086,037 Against 890,774
Approval of New Subadvisory Agreement in the event of a change
of control of the Adviser.
For 67,434,474 Against 917,138
4) For each AC Fund, to Ratify the Selection of Price
Waterhouse LLP Independent Public Accountants for its
Current Fiscal Year.
For 68,300,778 Against 375,969
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<ACCUMULATED-NET-GAINS> (24363288)<F1>
<OVERDISTRIBUTION-GAINS> 0<F1>
<ACCUM-APPREC-OR-DEPREC> 33815237<F1>
<NET-ASSETS> 614536230
<DIVIDEND-INCOME> 0<F1>
<INTEREST-INCOME> 37859295<F1>
<OTHER-INCOME> 0<F1>
<EXPENSES-NET> (6129404)<F1>
<NET-INVESTMENT-INCOME> 31729891<F1>
<REALIZED-GAINS-CURRENT> 353822<F1>
<APPREC-INCREASE-CURRENT> 875241<F1>
<NET-CHANGE-FROM-OPS> 32958954<F1>
<EQUALIZATION> 0<F1>
<DISTRIBUTIONS-OF-INCOME> (20314892)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3331871
<NUMBER-OF-SHARES-REDEEMED> (4790182)
<SHARES-REINVESTED> 789587
<NET-CHANGE-IN-ASSETS> (6424347)
<ACCUMULATED-NII-PRIOR> 113411<F1>
<ACCUMULATED-GAINS-PRIOR> (24717110)<F1>
<OVERDISTRIB-NII-PRIOR> 0<F1>
<OVERDIST-NET-GAINS-PRIOR> 0<F1>
<GROSS-ADVISORY-FEES> 2697299<F1>
<INTEREST-EXPENSE> 0<F1>
<GROSS-EXPENSE> 6130904<F1>
<AVERAGE-NET-ASSETS> 615947313
<PER-SHARE-NAV-BEGIN> 11.139
<PER-SHARE-NII> .369
<PER-SHARE-GAIN-APPREC> .016
<PER-SHARE-DIVIDEND> (.366)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.158
<EXPENSE-RATIO> .95
<AVG-DEBT-OUTSTANDING> 0<F1>
<AVG-DEBT-PER-SHARE> 0<F1>
<FN>
<F1>
This item relates to the Fund on a composite basis and not on a class basis.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 12
<NAME> High Yield Municipals Class B
<MULTIPLIER> 1
<CAPTION>
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-30-1997<F1>
<PERIOD-START> DEC-01-1996<F1>
<PERIOD-END> MAY-31-1997<F1>
<INVESTMENTS-AT-COST> 941664746<F1>
<INVESTMENTS-AT-VALUE> 975479983<F1>
<RECEIVABLES> 42005259<F1>
<ASSETS-OTHER> 2431<F1>
<OTHER-ITEMS-ASSETS> 0<F1>
<TOTAL-ASSETS> 1017487673<F1>
<PAYABLE-FOR-SECURITIES> 12711085<F1>
<SENIOR-LONG-TERM-DEBT> 0<F1>
<OTHER-ITEMS-LIABILITIES> 6887531<F1>
<TOTAL-LIABILITIES> 19598616<F1>
<SENIOR-EQUITY> 0<F1>
<PAID-IN-CAPITAL-COMMON> 326716368
<SHARES-COMMON-STOCK> 29741764
<SHARES-COMMON-PRIOR> 29077037
<ACCUMULATED-NII-CURRENT> 514479<F1>
<OVERDISTRIBUTION-NII> 0<F1>
<ACCUMULATED-NET-GAINS> (24363288)<F1>
<OVERDISTRIBUTION-GAINS> 0<F1>
<ACCUM-APPREC-OR-DEPREC> 33815237<F1>
<NET-ASSETS> 331776509
<DIVIDEND-INCOME> 0<F1>
<INTEREST-INCOME> 37859295<F1>
<OTHER-INCOME> 0<F1>
<EXPENSES-NET> (6129404)<F1>
<NET-INVESTMENT-INCOME> 31729891<F1>
<REALIZED-GAINS-CURRENT> 353822<F1>
<APPREC-INCREASE-CURRENT> 875241<F1>
<NET-CHANGE-FROM-OPS> 32958954<F1>
<EQUALIZATION> 0<F1>
<DISTRIBUTIONS-OF-INCOME> (9531626)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1677205
<NUMBER-OF-SHARES-REDEEMED> (1370944)
<SHARES-REINVESTED> 358466
<NET-CHANGE-IN-ASSETS> 7965292
<ACCUMULATED-NII-PRIOR> 113411<F1>
<ACCUMULATED-GAINS-PRIOR> (24717110)<F1>
<OVERDISTRIB-NII-PRIOR> 0<F1>
<OVERDIST-NET-GAINS-PRIOR> 0<F1>
<GROSS-ADVISORY-FEES> 2697299<F1>
<INTEREST-EXPENSE> 0<F1>
<GROSS-EXPENSE> 6130904<F1>
<AVERAGE-NET-ASSETS> 326622427
<PER-SHARE-NAV-BEGIN> 11.136
<PER-SHARE-NII> .330
<PER-SHARE-GAIN-APPREC> .013
<PER-SHARE-DIVIDEND> (.324)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.155
<EXPENSE-RATIO> 1.70
<AVG-DEBT-OUTSTANDING> 0<F1>
<AVG-DEBT-PER-SHARE> 0<F1>
<FN>
<F1>
This item relates to the Fund on a composite basis and not on a class basis.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 13
<NAME> High Yield Municipals Class C
<MULTIPLIER> 1
<CAPTION>
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-30-1997<F1>
<PERIOD-START> DEC-01-1996<F1>
<PERIOD-END> MAY-31-1997<F1>
<INVESTMENTS-AT-COST> 941664746<F1>
<INVESTMENTS-AT-VALUE> 975479983<F1>
<RECEIVABLES> 42005259<F1>
<ASSETS-OTHER> 2431<F1>
<OTHER-ITEMS-ASSETS> 0<F1>
<TOTAL-ASSETS> 1017487673<F1>
<PAYABLE-FOR-SECURITIES> 12711085<F1>
<SENIOR-LONG-TERM-DEBT> 0<F1>
<OTHER-ITEMS-LIABILITIES> 6887531<F1>
<TOTAL-LIABILITIES> 19598616<F1>
<SENIOR-EQUITY> 0<F1>
<PAID-IN-CAPITAL-COMMON> 50264044
<SHARES-COMMON-STOCK> 4628073
<SHARES-COMMON-PRIOR> 4490533
<ACCUMULATED-NII-CURRENT> 514479<F1>
<OVERDISTRIBUTION-NII> 0<F1>
<ACCUMULATED-NET-GAINS> (24363288)<F1>
<OVERDISTRIBUTION-GAINS> 0<F1>
<ACCUM-APPREC-OR-DEPREC> 33815237<F1>
<NET-ASSETS> 51576318
<DIVIDEND-INCOME> 0<F1>
<INTEREST-INCOME> 37859295<F1>
<OTHER-INCOME> 0<F1>
<EXPENSES-NET> (6129404)<F1>
<NET-INVESTMENT-INCOME> 31729891<F1>
<REALIZED-GAINS-CURRENT> 353822<F1>
<APPREC-INCREASE-CURRENT> 875241<F1>
<NET-CHANGE-FROM-OPS> 32958954<F1>
<EQUALIZATION> 0<F1>
<DISTRIBUTIONS-OF-INCOME> (1482305)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 404333
<NUMBER-OF-SHARES-REDEEMED> (346075)
<SHARES-REINVESTED> 79282
<NET-CHANGE-IN-ASSETS> 1615607
<ACCUMULATED-NII-PRIOR> 113411<F1>
<ACCUMULATED-GAINS-PRIOR> (24717110)<F1>
<OVERDISTRIB-NII-PRIOR> 0<F1>
<OVERDIST-NET-GAINS-PRIOR> 0<F1>
<GROSS-ADVISORY-FEES> 2697299<F1>
<INTEREST-EXPENSE> 0<F1>
<GROSS-EXPENSE> 6130904<F1>
<AVERAGE-NET-ASSETS> 50734783
<PER-SHARE-NAV-BEGIN> 11.126
<PER-SHARE-NII> .331
<PER-SHARE-GAIN-APPREC> .011
<PER-SHARE-DIVIDEND> (.324)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.144
<EXPENSE-RATIO> 1.70
<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>
