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EXHIBIT (j)(1)(i)
INDEPENDENT AUDITORS' REPORT
The Board of Trustees and Shareholders of
Van Kampen High Yield Fund:
We have audited the statements of changes in net assets of Van Kampen High Yield
Fund for the nine month period ended March 31, 1999 and year ended June 30, 1998
and the financial highlights for each of the periods presented in the five-year
period ending March 31, 1999. The statements of changes in net assets and the
financial highlights are the responsibility of the Fund's management. Our
responsibility is to express an opinion on these financial statements and
financial highlights based on our audits.
We conducted our audits in accordance with generally accepted auditing
standards. Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the statement of changes in net assets and
the financial highlights are free of material misstatements. An audit includes
examining, on a test basis, evidence supporting the amounts and disclosures in
the financial statements. An audit also includes assessing the accounting
principles used and significant estimates made by management, as well as
evaluating the overall financial statement presentation. We believe that our
audits provide a reasonable basis for our opinion.
In our opinion, the statements of changes in net assets and the financial
highlights referred to above present fairly, in all material respects, the
changes in its net assets for the nine month period ended March 31, 1999 and the
year ended June 30, 1998 and the financial highlights for each of the periods
presented in the five-year period ending March 31, 1999, in conformity with
generally accepted accounting principles.
/s/ KPMG LLP
Chicago, Illinois
May 5, 1999
