<PAGE> PAGE 1
000 B000000 11/30/1999
000 C000000 000763856
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 VAN KAMPEN TAX-EXEMPT TRUST
001 B000000 811-04746
001 C000000 6306846000
002 A000000 1 PARKVIEW PLAZA
002 B000000 OAKBROOK TERRACE
002 C000000 IL
002 D010000 60181
002 D020000 5555
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 1
007 C010100 1
007 C020100 HIGH YIELD MUNICIPAL FUND
007 C030100 N
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
020 A000001 CHICAGO CORP
020 B000001 36-2549961
020 C000001 4
020 C000002 0
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020 C000004 0
020 C000005 0
020 C000006 0
020 C000007 0
020 C000008 0
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021 000000 4
022 A000001 PAINE WEBBER
022 B000001 13-2638166
022 C000001 95450
<PAGE> PAGE 2
022 D000001 94540
022 A000002 LEHMAN BROTHERS
022 B000002 13-2518466
022 C000002 93276
022 D000002 63800
022 A000003 MERRILL LYNCH
022 B000003 13-5674085
022 C000003 54505
022 D000003 45795
022 A000004 SALOMON SMITH BARNEY
022 B000004 13-1912900
022 C000004 49994
022 D000004 27728
022 A000005 FIRST ALBANY
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022 C000005 27836
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022 A000006 ZIEGLER SECURITIES
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022 C000006 45022
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022 A000007 J.P. MORGAN
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022 C000007 27712
022 D000007 13536
022 A000008 PIPER JAFFRAY
022 B000008 41-0953246
022 C000008 18032
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022 C000009 18032
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022 A000010 JOHN NUVEEN
022 B000010 36-2639476
022 C000010 15400
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<PAGE> PAGE 3
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070 C020000 N
070 D010000 N
070 D020000 N
070 E010000 N
070 E020000 N
070 F010000 N
070 F020000 N
070 G010000 N
070 G020000 N
070 H010000 N
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 Y
070 J020000 Y
070 K010000 N
070 K020000 N
070 L010000 N
070 L020000 N
070 M010000 Y
070 M020000 N
070 N010000 Y
070 N020000 N
070 O010000 N
070 O020000 N
070 P010000 N
070 P020000 N
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<PAGE> PAGE 4
077 J000000 N
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086 F020000 0
008 A000101 VAN KAMPEN ASSET MANAGEMENT, INC.
008 B000101 A
008 C000101 801-8286
008 D010101 OAKBROOK TERRACE
008 D020101 IL
008 D030101 60181
008 D040101 5555
008 A000102 VAN KAMPEN ADVISORS, INC.
008 B000102 S
008 C000102 801-0000
008 D010102 OAKBROOK TERRACE
008 D020102 IL
008 D030102 60181
008 D040102 5555
011 A000101 VAN KAMPEN DISTRIBUTORS, INC.
011 B000101 8-19412
011 C010101 OAKBROOK TERRACE
011 C020101 IL
011 C030101 60181
011 C040101 5555
012 A000101 VAN KAMPEN INVESTOR SERVICES INC.
012 B000101 84-01621
012 C010101 KANSAS CITY
012 C020101 MO
012 C030101 64141
012 C040101 9256
013 A000101 PRICEWATERHOUSECOOPER
013 B010101 HOUSTON
<PAGE> PAGE 5
013 B020101 TX
013 B030101 77002
014 A000101 MORGAN STANLEY & CO., INCORPORATED
014 B000101 8-73537
014 A000102 DEAN WITTER REYNOLDS, INC.
014 B000102 8-728181
015 A000101 STATE STREET BANK AND TRUST CO.
015 B000101 C
015 C010101 BOSTON
015 C020101 MA
015 C030101 02105
015 E010101 X
018 000100 Y
019 A000100 Y
019 B000100 118
019 C000100 VANKAMPENF
024 000100 N
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025 D000105 0
025 D000106 0
025 D000107 0
025 D000108 0
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<PAGE> PAGE 6
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033 000100 0
034 000100 Y
035 000100 637
036 A000100 Y
036 B000100 0
037 000100 N
038 000100 0
039 000100 N
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042 D000100 56
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<PAGE> PAGE 7
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052 000100 N
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053 B000100 Y
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054 B000100 N
054 C000100 N
054 D000100 N
054 E000100 N
054 F000100 N
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054 H000100 Y
054 I000100 N
054 J000100 Y
054 K000100 N
054 L000100 N
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054 O000100 Y
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055 B000100 N
056 000100 N
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<PAGE> PAGE 8
062 Q000100 0.0
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067 000100 N
068 A000100 N
068 B000100 N
069 000100 N
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070 D020100 N
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070 F010100 N
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070 H010100 N
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070 K010100 N
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<PAGE> PAGE 9
072 A000100 12
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<PAGE> PAGE 10
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080 A000100 ICI MUTUAL INSURANCE COMPANY
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SIGNATURE SARA L. BADLER
TITLE ATTORNEY
To the Shareholders and Board of Trustees of the
Van Kampen High Yield Municipal Fund
In planning and performing our audit of the financial statements of Van Kampen
High Yield Municipal Fund (the "Fund") for the year ended November 30, 1999, we
considered its internal control, including control activities for safeguarding
securities, in order to determine our auditing procedures for the purpose of
expressing our opinion on the financial statements and to comply with the
requirements of Form N-SAR, not to provide assurance on internal control.
The management of the Fund is responsible for establishing and maintaining
internal control. In fulfilling this responsibility, estimates and judgments by
management are required to assess the expected benefits and related costs of
controls. Generally, controls that are relevant to an audit pertain to the
entity's objective of preparing financial statements for external purposes that
are fairly presented in conformity with generally accepted accounting
principles. Those controls include the safeguarding of assets against
unauthorized acquisition, use or disposition.
Because of inherent limitations in internal control, errors or fraud may occur
and not be detected. Also, projection of any evaluation of internal control to
future periods is subject to the risk that controls may become inadequate
because of changes in conditions or that the effectiveness of their design and
operation may deteriorate.
Our consideration of internal control would not necessarily disclose all matters
in internal control that might be material weaknesses under standards
established by the American Institute of Certified Public Accountants. A
material weakness is a condition in which the design or operation of one or more
of the internal control components does not reduce to a relatively low level the
risk that misstatements caused by error or fraud in amounts that would be
material in relation to the financial statements being audited may occur and not
be detected within a timely period by employees in the normal course of
performing their assigned functions. However, we noted no matters involving
internal control and its operation, including controls for safeguarding
securities, that we consider to be material weaknesses as defined above as of
November 30, 1999.
This report is intended solely for the information and use of management and the
Board of Trustees of the Fund and the Securities and Exchange Commission and is
not intended to be and should not be used by anyone other than these specified
parties.
PricewaterhouseCoopers LLP
Chicago, Illinois
January 21, 2000
NSAR ITEM 77O
1999
VK High Yield Fund
10f-3 Transactions
<TABLE>
<CAPTION>
Underwriting # Underwriting Purchased From Amount of shares % of Underwriting Date of Purchase
Purchased
<S> <C> <C> <C> <C> <C>
1 Chicago O'Hare JP Morgan 4,000,000 2.47% 02/04/99
2 Orange Cty Health Lehman 8,000,000 7.31% 08/30/99
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
<F1> This item relates to the Fund on a composite
basis and not on a class basis
</LEGEND>
<SERIES>
<NUMBER> 11
<NAME> HIGH YIELD MUNI A
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> NOV-30-1999
<PERIOD-START> DEC-01-1998
<PERIOD-END> NOV-30-1999
<INVESTMENTS-AT-COST> 1,505,406,008 <F1>
<INVESTMENTS-AT-VALUE> 1,485,278,477 <F1>
<RECEIVABLES> 45,888,335 <F1>
<ASSETS-OTHER> 100,981 <F1>
<OTHER-ITEMS-ASSETS> 329,892 <F1>
<TOTAL-ASSETS> 1,531,597,685 <F1>
<PAYABLE-FOR-SECURITIES> 11,441,977 <F1>
<SENIOR-LONG-TERM-DEBT> 0 <F1>
<OTHER-ITEMS-LIABILITIES> 8,738,394 <F1>
<TOTAL-LIABILITIES> 20,180,371 <F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 991,144,686
<SHARES-COMMON-STOCK> 88,540,535
<SHARES-COMMON-PRIOR> 77,580,797
<ACCUMULATED-NII-CURRENT> 1,271,918 <F1>
<OVERDISTRIBUTION-NII> 0 <F1>
<ACCUMULATED-NET-GAINS> (9,085,291)<F1>
<OVERDISTRIBUTION-GAINS> 0 <F1>
<ACCUM-APPREC-OR-DEPREC> (20,127,531)<F1>
<NET-ASSETS> 970,019,328
<DIVIDEND-INCOME> 0 <F1>
<INTEREST-INCOME> 102,383,045 <F1>
<OTHER-INCOME> 0 <F1>
<EXPENSES-NET> (17,479,517)<F1>
<NET-INVESTMENT-INCOME> 84,903,528 <F1>
<REALIZED-GAINS-CURRENT> 6,456,181 <F1>
<APPREC-INCREASE-CURRENT> (101,332,627)<F1>
<NET-CHANGE-FROM-OPS> (9,972,918)<F1>
<EQUALIZATION> 0 <F1>
<DISTRIBUTIONS-OF-INCOME> (54,739,327)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 20,648,778
<NUMBER-OF-SHARES-REDEEMED> (11,909,062)
<SHARES-REINVESTED> 2,220,022
<NET-CHANGE-IN-ASSETS> 65,045,749
<ACCUMULATED-NII-PRIOR> (441,772)<F1>
<ACCUMULATED-GAINS-PRIOR> (15,541,472)<F1>
<OVERDISTRIB-NII-PRIOR> 0 <F1>
<OVERDIST-NET-GAINS-PRIOR> 0 <F1>
<GROSS-ADVISORY-FEES> 7,836,241 <F1>
<INTEREST-EXPENSE> 0 <F1>
<GROSS-EXPENSE> 17,479,517 <F1>
<AVERAGE-NET-ASSETS> 927,299,071
<PER-SHARE-NAV-BEGIN> 11.664
<PER-SHARE-NII> 0.686
<PER-SHARE-GAIN-APPREC> (0.720)
<PER-SHARE-DIVIDEND> (0.674)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 10.956
<EXPENSE-RATIO> 0.90
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
<F1> This item relates to the Fund on a composite
basis and not on a class basis
</LEGEND>
<SERIES>
<NUMBER> 12
<NAME> HIGH YIELD MUNI B
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> NOV-30-1999
<PERIOD-START> DEC-01-1998
<PERIOD-END> NOV-30-1999
<INVESTMENTS-AT-COST> 1,505,406,008 <F1>
<INVESTMENTS-AT-VALUE> 1,485,278,477 <F1>
<RECEIVABLES> 45,888,335 <F1>
<ASSETS-OTHER> 100,981 <F1>
<OTHER-ITEMS-ASSETS> 329,892 <F1>
<TOTAL-ASSETS> 1,531,597,685 <F1>
<PAYABLE-FOR-SECURITIES> 11,441,977 <F1>
<SENIOR-LONG-TERM-DEBT> 0 <F1>
<OTHER-ITEMS-LIABILITIES> 8,738,394 <F1>
<TOTAL-LIABILITIES> 20,180,371 <F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 420,468,715
<SHARES-COMMON-STOCK> 38,024,205
<SHARES-COMMON-PRIOR> 38,760,934
<ACCUMULATED-NII-CURRENT> 1,271,918 <F1>
<OVERDISTRIBUTION-NII> 0 <F1>
<ACCUMULATED-NET-GAINS> (9,085,291)<F1>
<OVERDISTRIBUTION-GAINS> 0 <F1>
<ACCUM-APPREC-OR-DEPREC> (20,127,531)<F1>
<NET-ASSETS> 416,220,388
<DIVIDEND-INCOME> 0 <F1>
<INTEREST-INCOME> 102,383,045 <F1>
<OTHER-INCOME> 0 <F1>
<EXPENSES-NET> (17,479,517)<F1>
<NET-INVESTMENT-INCOME> 84,903,528 <F1>
<REALIZED-GAINS-CURRENT> 6,456,181 <F1>
<APPREC-INCREASE-CURRENT> (101,332,627)<F1>
<NET-CHANGE-FROM-OPS> (9,972,918)<F1>
<EQUALIZATION> 0 <F1>
<DISTRIBUTIONS-OF-INCOME> (22,510,591)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 7,393,673
<NUMBER-OF-SHARES-REDEEMED> (8,967,116)
<SHARES-REINVESTED> 836,714
<NET-CHANGE-IN-ASSETS> (35,670,917)
<ACCUMULATED-NII-PRIOR> (441,772)<F1>
<ACCUMULATED-GAINS-PRIOR> (15,541,472)<F1>
<OVERDISTRIB-NII-PRIOR> 0 <F1>
<OVERDIST-NET-GAINS-PRIOR> 0 <F1>
<GROSS-ADVISORY-FEES> 7,836,241 <F1>
<INTEREST-EXPENSE> 0 <F1>
<GROSS-EXPENSE> 17,479,517 <F1>
<AVERAGE-NET-ASSETS> 435,239,738
<PER-SHARE-NAV-BEGIN> 11.658
<PER-SHARE-NII> 0.606
<PER-SHARE-GAIN-APPREC> (0.728)
<PER-SHARE-DIVIDEND> (0.590)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 10.946
<EXPENSE-RATIO> 1.66
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
<F1> This item relates to the Fund on a composite
basis and not on a class basis
</LEGEND>
<SERIES>
<NUMBER> 13
<NAME> HIGH YIELD MUNI C
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> NOV-30-1999
<PERIOD-START> DEC-01-1998
<PERIOD-END> NOV-30-1999
<INVESTMENTS-AT-COST> 1,505,406,008 <F1>
<INVESTMENTS-AT-VALUE> 1,485,278,477 <F1>
<RECEIVABLES> 45,888,335 <F1>
<ASSETS-OTHER> 100,981 <F1>
<OTHER-ITEMS-ASSETS> 329,892 <F1>
<TOTAL-ASSETS> 1,531,597,685 <F1>
<PAYABLE-FOR-SECURITIES> 11,441,977 <F1>
<SENIOR-LONG-TERM-DEBT> 0 <F1>
<OTHER-ITEMS-LIABILITIES> 8,738,394 <F1>
<TOTAL-LIABILITIES> 20,180,371 <F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 127,744,817
<SHARES-COMMON-STOCK> 11,448,458
<SHARES-COMMON-PRIOR> 9,497,974
<ACCUMULATED-NII-CURRENT> 1,271,918 <F1>
<OVERDISTRIBUTION-NII> 0 <F1>
<ACCUMULATED-NET-GAINS> (9,085,291)<F1>
<OVERDISTRIBUTION-GAINS> 0 <F1>
<ACCUM-APPREC-OR-DEPREC> (20,127,531)<F1>
<NET-ASSETS> 125,177,598
<DIVIDEND-INCOME> 0 <F1>
<INTEREST-INCOME> 102,383,045 <F1>
<OTHER-INCOME> 0 <F1>
<EXPENSES-NET> (17,479,517)<F1>
<NET-INVESTMENT-INCOME> 84,903,528 <F1>
<REALIZED-GAINS-CURRENT> 6,456,181 <F1>
<APPREC-INCREASE-CURRENT> (101,332,627)<F1>
<NET-CHANGE-FROM-OPS> (9,972,918)<F1>
<EQUALIZATION> 0 <F1>
<DISTRIBUTIONS-OF-INCOME> (5,939,920)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,318,976
<NUMBER-OF-SHARES-REDEEMED> (1,644,564)
<SHARES-REINVESTED> 276,072
<NET-CHANGE-IN-ASSETS> 14,564,131
<ACCUMULATED-NII-PRIOR> (441,772)<F1>
<ACCUMULATED-GAINS-PRIOR> (15,541,472)<F1>
<OVERDISTRIB-NII-PRIOR> 0 <F1>
<OVERDIST-NET-GAINS-PRIOR> 0 <F1>
<GROSS-ADVISORY-FEES> 7,836,241 <F1>
<INTEREST-EXPENSE> 0 <F1>
<GROSS-EXPENSE> 17,479,517 <F1>
<AVERAGE-NET-ASSETS> 114,743,253
<PER-SHARE-NAV-BEGIN> 11.646
<PER-SHARE-NII> 0.595
<PER-SHARE-GAIN-APPREC> (0.717)
<PER-SHARE-DIVIDEND> (0.590)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 10.934
<EXPENSE-RATIO> 1.65
</TABLE>
