<PAGE> PAGE 1
000 A000000 06/30/99
000 C000000 0000080832
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 VAN KAMPEN EQUITY INCOME FUND
001 B000000 811-00919
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 N
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007 C010100 1
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
008 A000001 VAN KAMPEN ASSET MANAGEMENT INC.
008 B000001 A
008 C000001 801-8286
008 D010001 OAKBROOK TERRACE
008 D020001 IL
008 D030001 60181
008 D040001 5555
011 A000001 VAN KAMPEN FUNDS INC.
011 B000001 8-19903
011 C010001 OAKBROOK TERRACE
011 C020001 IL
011 C030001 60181
012 A000001 VAN KAMPEN INVESTOR SERVICES INC.
012 B000001 84-01621
012 C010001 KANSAS CITY
012 C020001 MO
012 C030001 64121
012 C040001 8256
<PAGE> PAGE 2
013 A000001 PRICEWATERHOUSECOOPERS LLP
013 B010001 CHICAGO
013 B020001 IL
013 B030001 60601
014 A000001 MORGAN STANLEY & CO., INCORPORATED
014 B000001 8-00733537
014 A000002 DEAN WITTER REYNOLDS, INC.
014 B000002 8-00728181
015 A000001 STATE STREET BANK & TRUST CO.
015 B000001 C
015 C010001 BOSTON
015 C020001 MA
015 C030001 02110
015 E010001 X
018 000000 N
019 A000000 Y
019 B000000 118
019 C000000 VANKAMPENF
020 A000001 MERRILL LYNCH
020 B000001 13-5674085
020 C000001 266
020 A000002 SMITH BARNEY
020 B000002 13-1912900
020 C000002 243
020 A000003 SBC WARBURG, DILLON READ INC
020 B000003 13-1339216
020 C000003 113
020 A000004 DONALDSON LUFKIN JENNRETTE
020 B000004 13-2741729
020 C000004 96
020 A000005 J.P. MORGAN SECURITIES
020 B000005 13-3224016
020 C000005 91
020 A000006 BERNSTEIN SANFORD C&CO INC.
020 B000006 13-2625874
020 C000006 74
020 A000007 LEHMAN BROTHERS
020 B000007 13-2518466
020 C000007 56
020 A000008 FIRST BOSTON
020 B000008 13-5659485
020 C000008 46
020 A000009 PAINEWEBBER
020 B000009 13-2638166
020 C000009 33
020 A000010 GOLDMAN SACHS
020 B000010 13-5108880
020 C000010 30
021 000000 1426
022 A000001 GENERAL ELECTRIC CAP CORP
022 B000001 06-1076552
<PAGE> PAGE 3
022 C000001 4116859
022 D000001 0
022 A000002 DONALDSON LUFKIN JENRETTE
022 B000002 13-2741729
022 C000002 1862712
022 D000002 7668
022 A000003 STATE STREET BANK & TRUST
022 B000003 04-1867445
022 C000003 414732
022 D000003 0
022 A000004 SBC WARBURG, DILLION READ
022 B000004 13-1339216
022 C000004 304450
022 D000004 13112
022 A000005 GOLDMAN SACHS
022 B000005 13-5108880
022 C000005 97211
022 D000005 32492
022 A000006 FUJI SECURITIES INC.
022 B000006 36-2880742
022 C000006 107099
022 D000006 4986
022 A000007 SMITH BARNEY
022 B000007 13-1912900
022 C000007 60596
022 D000007 11591
022 A000008 FIRST CHICAGO CAPITAL MARKETS
022 B000008 36-3595942
022 C000008 44733
022 D000008 24971
022 A000009 FIRST BOSTON CORP.
022 B000009 13-5659485
022 C000009 54052
022 D000009 14996
022 A000010 BA SECURITIES
022 B000010 95-4035346
022 C000010 63815
022 D000010 0
023 C000000 7343631
023 D000000 198690
024 000000 Y
025 A000001 GENERAL ELECTRIC CAPITAL CORP
025 B000001 06-1076552
025 C000001 D
025 D000001 52205
025 A000002 BANK AMERICA CORP
025 B000002 95-4035346
025 C000002 E
025 D000002 16444
025 A000003 DLJ
025 B000003 13-2741729
<PAGE> PAGE 4
025 C000003 D
025 D000003 66349
025 A000004 CHASE MANHATTAN CORP
025 B000004 13-2633612
025 C000004 E
025 D000004 18451
025 D000005 0
025 D000006 0
025 D000007 0
025 D000008 0
026 A000000 Y
026 B000000 Y
026 C000000 Y
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
028 A010000 142539
028 A020000 0
028 A030000 0
028 A040000 109044
028 B010000 131878
028 B020000 0
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028 B040000 136478
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028 C030000 0
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028 F010000 130855
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028 G010000 962406
028 G020000 32719
028 G030000 0
028 G040000 818544
028 H000000 138662
029 000000 Y
030 A000000 2483
<PAGE> PAGE 5
030 B000000 5.75
030 C000000 0.00
031 A000000 373
031 B000000 0
032 000000 2110
033 000000 0
034 000000 Y
035 000000 1043
036 A000000 Y
036 B000000 0
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039 000000 N
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042 A000000 0
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043 000000 7163
044 000000 0
045 000000 Y
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047 000000 Y
048 000000 0.000
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048 B010000 100000
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048 K010000 350000
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<PAGE> PAGE 6
049 000000 N
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054 A000000 Y
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054 F000000 N
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<PAGE> PAGE 7
066 C000000 N
066 D000000 N
066 E000000 Y
066 F000000 N
066 G000000 N
067 000000 N
068 A000000 N
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070 A010000 Y
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070 C010000 Y
070 C020000 N
070 D010000 Y
070 D020000 N
070 E010000 Y
070 E020000 N
070 F010000 Y
070 F020000 Y
070 G010000 Y
070 G020000 N
070 H010000 Y
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 Y
070 J020000 Y
070 K010000 Y
070 K020000 N
070 L010000 Y
070 L020000 Y
070 M010000 N
070 M020000 N
070 N010000 N
070 N020000 N
070 O010000 Y
070 O020000 N
070 P010000 Y
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070 R010000 N
070 R020000 N
071 A000000 740653
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<PAGE> PAGE 8
072 C000000 15011
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<PAGE> PAGE 9
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077 Q030000 N
078 000000 N
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SIGNATURE WESTON B. WETHERELL
TITLE ATTORNEY
<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> EQUITY INCOME CLASS A
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-START> JAN-01-1999
<PERIOD-END> JUN-30-1999
<INVESTMENTS-AT-COST> 1,926,640,055 <F1>
<INVESTMENTS-AT-VALUE> 2,318,884,606 <F1>
<RECEIVABLES> 17,338,716 <F1>
<ASSETS-OTHER> 0 <F1>
<OTHER-ITEMS-ASSETS> 125,711 <F1>
<TOTAL-ASSETS> 2,336,349,033 <F1>
<PAYABLE-FOR-SECURITIES> 6,674,670 <F1>
<SENIOR-LONG-TERM-DEBT> 0 <F1>
<OTHER-ITEMS-LIABILITIES> 9,609,192 <F1>
<TOTAL-LIABILITIES> 16,283,862 <F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 783,514,121
<SHARES-COMMON-STOCK> 123,843,209
<SHARES-COMMON-PRIOR> 103,389,230
<ACCUMULATED-NII-CURRENT> 7,773,256 <F1>
<OVERDISTRIBUTION-NII> 0 <F1>
<ACCUMULATED-NET-GAINS> 96,156,481 <F1>
<OVERDISTRIBUTION-GAINS> 0 <F1>
<ACCUM-APPREC-OR-DEPREC> 392,771,801 <F1>
<NET-ASSETS> 1,011,540,670
<DIVIDEND-INCOME> 15,010,456 <F1>
<INTEREST-INCOME> 19,610,065 <F1>
<OTHER-INCOME> 0 <F1>
<EXPENSES-NET> (13,134,789)<F1>
<NET-INVESTMENT-INCOME> 21,485,732 <F1>
<REALIZED-GAINS-CURRENT> 100,342,853 <F1>
<APPREC-INCREASE-CURRENT> 14,502,032 <F1>
<NET-CHANGE-FROM-OPS> 136,330,617 <F1>
<EQUALIZATION> 0 <F1>
<DISTRIBUTIONS-OF-INCOME> (8,124,760)
<DISTRIBUTIONS-OF-GAINS> (9,087,649)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 101,635,801
<NUMBER-OF-SHARES-REDEEMED> (83,036,889)
<SHARES-REINVESTED> 1,855,067
<NET-CHANGE-IN-ASSETS> 203,086,142
<ACCUMULATED-NII-PRIOR> 1,525,318 <F1>
<ACCUMULATED-GAINS-PRIOR> 18,064,329 <F1>
<OVERDISTRIB-NII-PRIOR> 0 <F1>
<OVERDIST-NET-GAINS-PRIOR> 0 <F1>
<GROSS-ADVISORY-FEES> 3,887,039 <F1>
<INTEREST-EXPENSE> 0 <F1>
<GROSS-EXPENSE> 13,163,176 <F1>
<AVERAGE-NET-ASSETS> 882,973,850
<PER-SHARE-NAV-BEGIN> 7.820
<PER-SHARE-NII> 0.088
<PER-SHARE-GAIN-APPREC> 0.412
<PER-SHARE-DIVIDEND> (0.070)
<PER-SHARE-DISTRIBUTIONS> (0.082)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 8.168
<EXPENSE-RATIO> 0.79
</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> EQUITY INCOME CLASS B
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-START> JAN-01-1999
<PERIOD-END> JUN-30-1999
<INVESTMENTS-AT-COST> 1,926,640,055 <F1>
<INVESTMENTS-AT-VALUE> 2,318,884,606 <F1>
<RECEIVABLES> 17,338,716 <F1>
<ASSETS-OTHER> 0 <F1>
<OTHER-ITEMS-ASSETS> 125,711 <F1>
<TOTAL-ASSETS> 2,336,349,033 <F1>
<PAYABLE-FOR-SECURITIES> 6,674,670 <F1>
<SENIOR-LONG-TERM-DEBT> 0 <F1>
<OTHER-ITEMS-LIABILITIES> 9,609,192 <F1>
<TOTAL-LIABILITIES> 16,283,862 <F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 949,628,418
<SHARES-COMMON-STOCK> 147,594,923
<SHARES-COMMON-PRIOR> 146,793,491
<ACCUMULATED-NII-CURRENT> 7,773,256 <F1>
<OVERDISTRIBUTION-NII> 0 <F1>
<ACCUMULATED-NET-GAINS> 96,156,481 <F1>
<OVERDISTRIBUTION-GAINS> 0 <F1>
<ACCUM-APPREC-OR-DEPREC> 392,771,801 <F1>
<NET-ASSETS> 1,196,454,478
<DIVIDEND-INCOME> 15,010,456 <F1>
<INTEREST-INCOME> 19,610,065 <F1>
<OTHER-INCOME> 0 <F1>
<EXPENSES-NET> (13,134,789)<F1>
<NET-INVESTMENT-INCOME> 21,485,732 <F1>
<REALIZED-GAINS-CURRENT> 100,342,853 <F1>
<APPREC-INCREASE-CURRENT> 14,502,032 <F1>
<NET-CHANGE-FROM-OPS> 136,330,617 <F1>
<EQUALIZATION> 0 <F1>
<DISTRIBUTIONS-OF-INCOME> (6,524,798)
<DISTRIBUTIONS-OF-GAINS> (12,100,358)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 19,240,900
<NUMBER-OF-SHARES-REDEEMED> (20,650,634)
<SHARES-REINVESTED> 2,211,166
<NET-CHANGE-IN-ASSETS> 56,411,597
<ACCUMULATED-NII-PRIOR> 1,525,318 <F1>
<ACCUMULATED-GAINS-PRIOR> 18,064,329 <F1>
<OVERDISTRIB-NII-PRIOR> 0 <F1>
<OVERDIST-NET-GAINS-PRIOR> 0 <F1>
<GROSS-ADVISORY-FEES> 3,887,039 <F1>
<INTEREST-EXPENSE> 0 <F1>
<GROSS-EXPENSE> 13,163,176 <F1>
<AVERAGE-NET-ASSETS> 1,150,945,356
<PER-SHARE-NAV-BEGIN> 7.766
<PER-SHARE-NII> 0.066
<PER-SHARE-GAIN-APPREC> 0.400
<PER-SHARE-DIVIDEND> (0.044)
<PER-SHARE-DISTRIBUTIONS> (0.082)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 8.106
<EXPENSE-RATIO> 1.56
</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> EQUITY INCOME CLASS C
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-START> JAN-01-1999
<PERIOD-END> JUN-30-1999
<INVESTMENTS-AT-COST> 1,926,640,055 <F1>
<INVESTMENTS-AT-VALUE> 2,318,884,606 <F1>
<RECEIVABLES> 17,338,716 <F1>
<ASSETS-OTHER> 0 <F1>
<OTHER-ITEMS-ASSETS> 125,711 <F1>
<TOTAL-ASSETS> 2,336,349,033 <F1>
<PAYABLE-FOR-SECURITIES> 6,674,670 <F1>
<SENIOR-LONG-TERM-DEBT> 0 <F1>
<OTHER-ITEMS-LIABILITIES> 9,609,192 <F1>
<TOTAL-LIABILITIES> 16,283,862 <F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 90,221,094
<SHARES-COMMON-STOCK> 13,823,732
<SHARES-COMMON-PRIOR> 12,377,821
<ACCUMULATED-NII-CURRENT> 7,773,256 <F1>
<OVERDISTRIBUTION-NII> 0 <F1>
<ACCUMULATED-NET-GAINS> 96,156,481 <F1>
<OVERDISTRIBUTION-GAINS> 0 <F1>
<ACCUM-APPREC-OR-DEPREC> 392,771,801 <F1>
<NET-ASSETS> 112,070,023
<DIVIDEND-INCOME> 15,010,456 <F1>
<INTEREST-INCOME> 19,610,065 <F1>
<OTHER-INCOME> 0 <F1>
<EXPENSES-NET> (13,134,789)<F1>
<NET-INVESTMENT-INCOME> 21,485,732 <F1>
<REALIZED-GAINS-CURRENT> 100,342,853 <F1>
<APPREC-INCREASE-CURRENT> 14,502,032 <F1>
<NET-CHANGE-FROM-OPS> 136,330,617 <F1>
<EQUALIZATION> 0 <F1>
<DISTRIBUTIONS-OF-INCOME> (588,236)
<DISTRIBUTIONS-OF-GAINS> (1,062,694)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,703,461
<NUMBER-OF-SHARES-REDEEMED> (1,438,421)
<SHARES-REINVESTED> 180,871
<NET-CHANGE-IN-ASSETS> 15,925,739
<ACCUMULATED-NII-PRIOR> 1,525,318 <F1>
<ACCUMULATED-GAINS-PRIOR> 18,064,329 <F1>
<OVERDISTRIB-NII-PRIOR> 0 <F1>
<OVERDIST-NET-GAINS-PRIOR> 0 <F1>
<GROSS-ADVISORY-FEES> 3,887,039 <F1>
<INTEREST-EXPENSE> 0 <F1>
<GROSS-EXPENSE> 13,163,176 <F1>
<AVERAGE-NET-ASSETS> 101,972,076
<PER-SHARE-NAV-BEGIN> 7.767
<PER-SHARE-NII> 0.065
<PER-SHARE-GAIN-APPREC> 0.401
<PER-SHARE-DIVIDEND> (0.044)
<PER-SHARE-DISTRIBUTIONS> (0.082)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 8.107
<EXPENSE-RATIO> 1.56
</TABLE>
