<PAGE> 1
SCHEDULE 14A
(RULE 14A-101)
INFORMATION REQUIRED IN PROXY STATEMENT
SCHEDULE 14A INFORMATION
PROXY STATEMENT PURSUANT TO SECTION 14(A) OF THE SECURITIES
EXCHANGE ACT OF 1934 (AMENDMENT NO. )
Filed by the Co-Registrants /X/
Filed by a Party other than the Registrant / /
Check the appropriate box:
/ / Preliminary Proxy Statement / /Confidential, for Use of the Com-
mission Only (as permitted
by Rule 14a-6(e)(2))
/X/ Definitive Proxy Statement
/ / Definitive Additional Materials
/ / Soliciting Material Pursuant to Rule 14a-11(c) or Rule 14a-12
VAN KAMPEN AMERICAN CAPITAL INVESTMENT GRADE MUNICIPAL TRUST
VAN KAMPEN AMERICAN CAPITAL VALUE MUNICIPAL INCOME TRUST
VAN KAMPEN AMERICAN CAPITAL CALIFORNIA VALUE MUNICIPAL INCOME TRUST
VAN KAMPEN AMERICAN CAPITAL MASSACHUSETTS VALUE MUNICIPAL INCOME TRUST
VAN KAMPEN AMERICAN CAPITAL NEW JERSEY VALUE MUNICIPAL INCOME TRUST
VAN KAMPEN AMERICAN CAPITAL NEW YORK VALUE MUNICIPAL INCOME TRUST
VAN KAMPEN AMERICAN CAPITAL OHIO VALUE MUNICIPAL INCOME TRUST
VAN KAMPEN AMERICAN CAPITAL PENNSYLVANIA VALUE MUNICIPAL INCOME TRUST
VAN KAMPEN AMERICAN CAPITAL STRATEGIC SECTOR MUNICIPAL TRUST
VAN KAMPEN AMERICAN CAPITAL MUNICIPAL OPPORTUNITY TRUST II
VAN KAMPEN AMERICAN CAPITAL ADVANTAGE MUNICIPAL INCOME TRUST II
VAN KAMPEN AMERICAN CAPITAL FLORIDA MUNICIPAL OPPORTUNITY TRUST
VAN KAMPEN AMERICAN CAPITAL TRUST FOR INVESTMENT GRADE MUNICIPALS
VAN KAMPEN AMERICAN CAPITAL TRUST FOR INSURED MUNICIPALS
VAN KAMPEN AMERICAN CAPITAL TRUST FOR INVESTMENT GRADE CALIFORNIA MUNICIPALS
VAN KAMPEN AMERICAN CAPITAL TRUST FOR INVESTMENT GRADE FLORIDA MUNICIPALS
VAN KAMPEN AMERICAN CAPITAL TRUST FOR INVESTMENT GRADE NEW JERSEY MUNICIPALS
VAN KAMPEN AMERICAN CAPITAL TRUST FOR INVESTMENT GRADE NEW YORK MUNICIPALS
VAN KAMPEN AMERICAN CAPITAL TRUST FOR INVESTMENT GRADE PENNSYLVANIA MUNICIPALS
VAN KAMPEN AMERICAN CAPITAL MUNICIPAL OPPORTUNITY TRUST
VAN KAMPEN AMERICAN CAPITAL ADVANTAGE MUNICIPAL INCOME TRUST
VAN KAMPEN AMERICAN CAPITAL ADVANTAGE PENNSYLVANIA MUNICIPAL INCOME TRUST
VAN KAMPEN AMERICAN CAPITAL MUNICIPAL TRUST
VAN KAMPEN AMERICAN CAPITAL CALIFORNIA QUALITY MUNICIPAL TRUST
VAN KAMPEN AMERICAN CAPITAL FLORIDA QUALITY MUNICIPAL TRUST
VAN KAMPEN AMERICAN CAPITAL OHIO QUALITY MUNICIPAL TRUST
VAN KAMPEN AMERICAN CAPITAL NEW YORK QUALITY MUNICIPAL TRUST
VAN KAMPEN AMERICAN CAPITAL PENNSYLVANIA QUALITY MUNICIPAL TRUST
VAN KAMPEN AMERICAN CAPITAL MUNICIPAL INCOME TRUST
VAN KAMPEN AMERICAN CAPITAL CALIFORNIA MUNICIPAL TRUST
VAN KAMPEN AMERICAN CAPITAL LIMITED TERM HIGH INCOME TRUST
VAN KAMPEN AMERICAN CAPITAL INTERMEDIATE TERM HIGH INCOME TRUST
VAN KAMPEN AMERICAN CAPITAL SELECT SECTOR MUNICIPAL TRUST
(Names of Co-Registrants as Specified in Their Charters)
Payment of Filing Fee (Check the appropriate box):
/X/ $125 per each Co-Registrant (an aggregate of $4,125 for the Co-Registrants
listed above) per Item 22(a)(2) of Schedule 14A.
<PAGE> 2
April 1996
IMPORTANT NOTICE
TO VAN KAMPEN AMERICAN CAPITAL
CLOSED-END FUND SHAREHOLDERS
QUESTIONS & ANSWERS
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Although we recommend you read the complete proxy statement, for your
convenience, we've provided a brief overview of the issues to be voted on.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------
Q WHY IS A SHAREHOLDER MEETING BEING HELD?
A Because each of the Van Kampen American Capital closed-end funds is
traded on a nationally recognized stock exchange, each fund is required
to hold an annual meeting of shareholders.
Q WHAT PROPOSALS WILL BE VOTED ON?
A You are being asked to elect the nominees for the Board of Trustees
and ratify the selection of KPMG Peat Marwick LLP as the independent
auditors for your fund(s).
Q WILL MY VOTE MAKE A DIFFERENCE?
A Yes! Your vote is important and will make a difference in the
developments of your fund(s), no matter how many shares you own.
Q HOW DOES THE BOARD OF TRUSTEES RECOMMEND THAT I VOTE?
A They recommend that you vote "For" each proposal on the enclosed proxy
card.
Q WHY DOES THE PROXY STATEMENT LIST SEVERAL CLOSED-END FUNDS?
A Each closed-end fund has similar proposals and it is cost-efficient for
you, as a shareholder, to have a joint proxy statement and one meeting.
Q WHERE DO I CALL FOR MORE INFORMATION?
A Please call Van Kampen American Capital Investor Services at
1-800-341-2929 (TDD users call 1-800-772-8889) from 7:00 a.m. to 7:00
p.m. Central time, Monday through Friday.
<PAGE> 3
ABOUT THE PROXY CARD
Please vote on each issue using blue or black ink to mark an X in one of the
boxes provided on the proxy card.
ELECTION OF TRUSTEES -- mark "For," "Withhold" or "For All Except"
To withhold authority for any individual nominee, strike a line through the
nominee's name and mark the "For All Except" box.
RATIFICATION OF independent auditors -- mark "For," "Against" or "Abstain"
Sign, date and return the proxy card in the enclosed postage-paid envelope. All
registered owners of an account, as shown in the address, must sign the card.
If you are signing for a corporation, trust or estate, please indicate your
title or position.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
SAMPLE
<TABLE>
<S> <C>
/X/ PLEASE MARK VOTES
AS IN THIS EXAMPLE
For All
1.) Authority for the election For Withhold Except 2.) As to the proposal to ratify the For Against Abstain
as Class X Trustees the / / / / / / selection of KPMG Peat / / / / / /
nominees named below: Marwick LLP to act as the
independent auditors of the
Fund for the fiscal year ending
XXXXXXXXX, XXXXXXXXX, XXXXXXXXX XXXX, 1996.
To withhold authority to vote for any individual nominee,
strike a line through the nominee's name and mark the
"For All Except" box. Your shares will be voted for the
remaining nominee(s).
VAN KAMPEN AMERICAN CAPITAL
Please be sure to sign and date this Proxy. Date Mark box at right if comments or address change
have been noted on the reverse side of this card. / /
Shareholder sign here Co-owner sign here
RECORD DATE SHARES:
</TABLE>
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<PAGE> 4
VAN KAMPEN AMERICAN CAPITAL INVESTMENT GRADE MUNICIPAL TRUST
VAN KAMPEN AMERICAN CAPITAL VALUE MUNICIPAL INCOME TRUST
VAN KAMPEN AMERICAN CAPITAL CALIFORNIA VALUE MUNICIPAL INCOME TRUST
VAN KAMPEN AMERICAN CAPITAL MASSACHUSETTS VALUE MUNICIPAL INCOME TRUST
VAN KAMPEN AMERICAN CAPITAL NEW JERSEY VALUE MUNICIPAL INCOME TRUST
VAN KAMPEN AMERICAN CAPITAL NEW YORK VALUE MUNICIPAL INCOME TRUST
VAN KAMPEN AMERICAN CAPITAL OHIO VALUE MUNICIPAL INCOME TRUST
VAN KAMPEN AMERICAN CAPITAL PENNSYLVANIA VALUE MUNICIPAL INCOME TRUST
VAN KAMPEN AMERICAN CAPITAL STRATEGIC SECTOR MUNICIPAL TRUST
VAN KAMPEN AMERICAN CAPITAL MUNICIPAL OPPORTUNITY TRUST II
VAN KAMPEN AMERICAN CAPITAL ADVANTAGE MUNICIPAL INCOME TRUST II
VAN KAMPEN AMERICAN CAPITAL FLORIDA MUNICIPAL OPPORTUNITY TRUST
VAN KAMPEN AMERICAN CAPITAL TRUST FOR INVESTMENT GRADE MUNICIPALS
VAN KAMPEN AMERICAN CAPITAL TRUST FOR INSURED MUNICIPALS
VAN KAMPEN AMERICAN CAPITAL TRUST FOR INVESTMENT GRADE CALIFORNIA MUNICIPALS
VAN KAMPEN AMERICAN CAPITAL TRUST FOR INVESTMENT GRADE FLORIDA MUNICIPALS
VAN KAMPEN AMERICAN CAPITAL TRUST FOR INVESTMENT GRADE NEW JERSEY MUNICIPALS
VAN KAMPEN AMERICAN CAPITAL TRUST FOR INVESTMENT GRADE NEW YORK MUNICIPALS
VAN KAMPEN AMERICAN CAPITAL TRUST FOR INVESTMENT GRADE PENNSYLVANIA MUNICIPALS
VAN KAMPEN AMERICAN CAPITAL MUNICIPAL OPPORTUNITY TRUST
VAN KAMPEN AMERICAN CAPITAL ADVANTAGE MUNICIPAL INCOME TRUST
VAN KAMPEN AMERICAN CAPITAL ADVANTAGE PENNSYLVANIA MUNICIPAL INCOME TRUST
VAN KAMPEN AMERICAN CAPITAL MUNICIPAL TRUST
VAN KAMPEN AMERICAN CAPITAL CALIFORNIA QUALITY MUNICIPAL TRUST
VAN KAMPEN AMERICAN CAPITAL FLORIDA QUALITY MUNICIPAL TRUST
VAN KAMPEN AMERICAN CAPITAL OHIO QUALITY MUNICIPAL TRUST
VAN KAMPEN AMERICAN CAPITAL NEW YORK QUALITY MUNICIPAL TRUST
VAN KAMPEN AMERICAN CAPITAL PENNSYLVANIA QUALITY MUNICIPAL TRUST
VAN KAMPEN AMERICAN CAPITAL MUNICIPAL INCOME TRUST
VAN KAMPEN AMERICAN CAPITAL CALIFORNIA MUNICIPAL TRUST
VAN KAMPEN AMERICAN CAPITAL LIMITED TERM HIGH INCOME TRUST
VAN KAMPEN AMERICAN CAPITAL INTERMEDIATE TERM HIGH INCOME TRUST
VAN KAMPEN AMERICAN CAPITAL SELECT SECTOR MUNICIPAL TRUST
ONE PARKVIEW PLAZA
OAKBROOK TERRACE, ILLINOIS 60181
TELEPHONE (800) 341-2929
NOTICE OF JOINT MEETING OF SHAREHOLDERS
TO BE HELD MAY 23, 1996
Notice is hereby given to: the holders of common shares of beneficial
interest, par value $.01 per share (the "Common Shares"), of each of the Funds
(as defined below); the holders of preferred shares of beneficial interest,
liquidation preference $100,000 per share, designated Remarketed Preferred
Shares (the "VIG RP") of Van Kampen American Capital
<PAGE> 5
Investment Grade Municipal Trust ("VIG"); the holders of preferred shares of
beneficial interest, liquidation preference $50,000 per share, designated
Auction Preferred Shares (the "APS"), of each of Van Kampen American Capital
Value Municipal Income Trust ("VKV"), Van Kampen American Capital California
Value Municipal Income Trust ("VCV"), Van Kampen American Capital Massachusetts
Value Municipal Income Trust ("VMV"), Van Kampen American Capital New Jersey
Value Municipal Income Trust ("VJV"), Van Kampen American Capital New York Value
Municipal Income Trust ("VNV"), Van Kampen American Capital Ohio Value Municipal
Income Trust ("VOV"), Van Kampen American Capital Pennsylvania Value Municipal
Income Trust ("VPV"), Van Kampen American Capital Strategic Sector Municipal
Trust ("VKS"), Van Kampen American Capital Municipal Opportunity Trust II
("VOT"), Van Kampen American Capital Advantage Municipal Income Trust II
("VKI"), Van Kampen American Capital Florida Municipal Opportunity Trust
("VOF"), Van Kampen American Capital Trust for Investment Grade Municipals
("VGM"), Van Kampen American Capital Trust for Insured Municipals ("VIM"), Van
Kampen American Capital Trust for Investment Grade California Municipals
("VIC"), Van Kampen American Capital Trust for Investment Grade Florida
Municipals ("VTF"), Van Kampen American Capital Trust for Investment Grade New
Jersey Municipals ("VTJ"), Van Kampen American Capital Trust for Investment
Grade New York Municipals ("VTN"), Van Kampen American Capital Trust for
Investment Grade Pennsylvania Municipals ("VTP"), Van Kampen American Capital
Municipal Opportunity Trust ("VMO"), Van Kampen American Capital Advantage
Municipal Income Trust ("VKA"), Van Kampen American Capital Advantage
Pennsylvania Municipal Income Trust ("VAP"), Van Kampen American Capital
Municipal Trust ("VKQ"), Van Kampen American Capital California Quality
Municipal Trust ("VQC"), Van Kampen American Capital Florida Quality Municipal
Trust ("VFM"), Van Kampen American Capital Ohio Quality Municipal Trust ("VOQ"),
Van Kampen American Capital New York Quality Municipal Trust ("VNM") and Van
Kampen American Capital Pennsylvania Quality Municipal Trust ("VPQ"); the
holders of preferred shares of beneficial interest, liquidation preference
$500,000 per share, designated Rate Adjusted Tax-Exempt Shares (the "VMT RATES")
of Van Kampen American Capital Municipal Income Trust ("VMT"); the holders of
preferred shares of beneficial interest, liquidation preference $50,000 per
share, designated Remarketed Preferred Shares ("VKC RP") of Van Kampen American
Capital California Municipal Trust ("VKC"); the holders of preferred shares of
beneficial interest, liquidation preference $50,000 per share, designated
Auction Preferred
<PAGE> 6
Shares ("VLT APS") of Van Kampen American Capital Limited Term High Income Trust
("VLT"); the holders of preferred shares of beneficial interest, liquidation
preference $100,000 per share, designated Auction Market Preferred Shares ("VIT
AMPS") of Van Kampen American Capital Intermediate Term High Income Trust
("VIT"); and the holders of preferred shares of beneficial interest, liquidation
preference $25,000 per share, designated Remarketed Preferred Shares ("VKL RP")
of Van Kampen American Capital Select Sector Municipal Trust ("VKL")
(collectively, VIG, VKV, VCV, VMV, VJV, VNV, VOV, VPV, VKS, VOT, VKI, VOF, VGM,
VIM, VIC, VTF, VTJ, VTN, VTP, VMO, VKA, VAP, VKQ, VQC, VFM, VOQ, VNM, VPQ, VMT,
VKC, VLT, VIT and VKL are hereinafter referred to as the "Funds") (collectively,
VIG RP, the APS, VMT RATES, VKC RP, VLT APS, VIT AMPS and VKL RP are hereinafter
referred to as the "Preferred Shares") that the Joint Meeting of Shareholders of
the Funds (the "Meeting") will be held at the offices of the Funds, One Parkview
Plaza, Oakbrook Terrace, Illinois 60181, on Thursday, May 23, 1996, at 2:00
p.m., for the following purposes:
1. ELECT TRUSTEES: With respect to each Fund, to elect trustees in the
following manner:
a) With respect to VIG, VKV, VCV, VMV, VJV, VNV, VOV, VPV, VKS,
VOT, VKI and VOF, to elect three trustees, two by the holders of the
Common Shares of each Fund and one by the holders of the Preferred
Shares of each Fund, the Common Shares and the Preferred Shares of each
Fund voting as separate classes, each trustee to serve for a 3 year
term or until their successors shall have been duly elected and
qualified;
b) With respect to VGM, VIM, VIC, VTF, VTJ, VTN, VTP, VMO, VKA,
VAP, VKQ, VQC, VFM, VOQ, VNM, VPQ, VMT, VKC, VLT and VIT, to elect
three trustees by the holders of the Common Shares of each Fund voting
as a separate class, each trustee to serve for a 3 year term or until
their successors shall have been duly elected and qualified;
c) With respect to VKL, to elect two trustees, one by the holders
of the Common Shares of each Fund and one by the holders of the
Preferred Shares of each Fund, the Common Shares and the Preferred
Shares of each Fund voting as separate classes, each trustee to serve
for a 3 year term or until their successors shall have been duly
elected and qualified;
<PAGE> 7
2. INDEPENDENT AUDITORS: With respect to each Fund, to ratify or reject,
by the holders of the Common Shares and the Preferred Shares of such Fund,
voting together as a single class, the selection of KPMG Peat Marwick LLP as
independent auditors for the fiscal year of each respective Fund ending in
1996; and
3. OTHER BUSINESS: To transact such other business as may properly come
before the Meeting.
Holders of record of the Common Shares of each Fund and holders of record of
the Preferred Shares of each Fund at the close of business on March 22, 1996 are
entitled to notice of, and to vote at, the Meeting and any adjournment thereof.
By order of the Boards of Trustees
RONALD A. NYBERG, Vice President and Secretary
April 5, 1996
<PAGE> 8
SHAREHOLDERS OF EACH FUND ARE INVITED TO ATTEND THE MEETING IN PERSON. IF
YOU DO NOT EXPECT TO ATTEND THE MEETING, PLEASE INDICATE YOUR VOTING
INSTRUCTIONS ON THE ENCLOSED PROXY CARD, WITH RESPECT TO EACH FUND IN WHICH YOU
WERE A SHAREHOLDER AS OF THE RECORD DATE, DATE AND SIGN IT, AND RETURN IT IN THE
ENVELOPE PROVIDED, WHICH IS ADDRESSED FOR YOUR CONVENIENCE AND NEEDS NO POSTAGE
IF MAILED IN THE UNITED STATES.
IN ORDER TO AVOID THE ADDITIONAL EXPENSE OF FURTHER SOLICITATION, WE ASK
THAT YOU MAIL YOUR PROXY PROMPTLY.
MANAGEMENT OF EACH FUND RECOMMENDS THAT YOU CAST YOUR VOTE FOR EACH OF THE
NOMINEES FOR THE BOARD OF TRUSTEES LISTED IN THE PROXY STATEMENT AND FOR THE
RATIFICATION OF THE SELECTION OF KPMG PEAT MARWICK LLP AS INDEPENDENT AUDITORS
FOR THE FISCAL YEAR OF EACH RESPECTIVE FUND ENDING IN 1996.
YOUR VOTE IS IMPORTANT.
PLEASE RETURN YOUR PROXY CARD PROMPTLY
NO MATTER HOW MANY SHARES YOU OWN.
<PAGE> 9
PROXY STATEMENT
VAN KAMPEN AMERICAN CAPITAL INVESTMENT GRADE MUNICIPAL TRUST
VAN KAMPEN AMERICAN CAPITAL VALUE MUNICIPAL INCOME TRUST
VAN KAMPEN AMERICAN CAPITAL CALIFORNIA VALUE MUNICIPAL INCOME TRUST
VAN KAMPEN AMERICAN CAPITAL MASSACHUSETTS VALUE MUNICIPAL INCOME TRUST
VAN KAMPEN AMERICAN CAPITAL NEW JERSEY VALUE MUNICIPAL INCOME TRUST
VAN KAMPEN AMERICAN CAPITAL NEW YORK VALUE MUNICIPAL INCOME TRUST
VAN KAMPEN AMERICAN CAPITAL OHIO VALUE MUNICIPAL INCOME TRUST
VAN KAMPEN AMERICAN CAPITAL PENNSYLVANIA VALUE MUNICIPAL INCOME TRUST
VAN KAMPEN AMERICAN CAPITAL STRATEGIC SECTOR MUNICIPAL TRUST
VAN KAMPEN AMERICAN CAPITAL MUNICIPAL OPPORTUNITY TRUST II
VAN KAMPEN AMERICAN CAPITAL ADVANTAGE MUNICIPAL INCOME TRUST II
VAN KAMPEN AMERICAN CAPITAL FLORIDA MUNICIPAL OPPORTUNITY TRUST
VAN KAMPEN AMERICAN CAPITAL TRUST FOR INVESTMENT GRADE MUNICIPALS
VAN KAMPEN AMERICAN CAPITAL TRUST FOR INSURED MUNICIPALS
VAN KAMPEN AMERICAN CAPITAL TRUST FOR INVESTMENT GRADE CALIFORNIA MUNICIPALS
VAN KAMPEN AMERICAN CAPITAL TRUST FOR INVESTMENT GRADE FLORIDA MUNICIPALS
VAN KAMPEN AMERICAN CAPITAL TRUST FOR INVESTMENT GRADE NEW JERSEY MUNICIPALS
VAN KAMPEN AMERICAN CAPITAL TRUST FOR INVESTMENT GRADE NEW YORK MUNICIPALS
VAN KAMPEN AMERICAN CAPITAL TRUST FOR INVESTMENT GRADE PENNSYLVANIA MUNICIPALS
VAN KAMPEN AMERICAN CAPITAL MUNICIPAL OPPORTUNITY TRUST
VAN KAMPEN AMERICAN CAPITAL ADVANTAGE MUNICIPAL INCOME TRUST
VAN KAMPEN AMERICAN CAPITAL ADVANTAGE PENNSYLVANIA MUNICIPAL INCOME TRUST
VAN KAMPEN AMERICAN CAPITAL MUNICIPAL TRUST
VAN KAMPEN AMERICAN CAPITAL CALIFORNIA QUALITY MUNICIPAL TRUST
VAN KAMPEN AMERICAN CAPITAL FLORIDA QUALITY MUNICIPAL TRUST
VAN KAMPEN AMERICAN CAPITAL OHIO QUALITY MUNICIPAL TRUST
VAN KAMPEN AMERICAN CAPITAL NEW YORK QUALITY MUNICIPAL TRUST
VAN KAMPEN AMERICAN CAPITAL PENNSYLVANIA QUALITY MUNICIPAL TRUST
VAN KAMPEN AMERICAN CAPITAL MUNICIPAL INCOME TRUST
VAN KAMPEN AMERICAN CAPITAL CALIFORNIA MUNICIPAL TRUST
VAN KAMPEN AMERICAN CAPITAL LIMITED TERM HIGH INCOME TRUST
VAN KAMPEN AMERICAN CAPITAL INTERMEDIATE TERM HIGH INCOME TRUST
VAN KAMPEN AMERICAN CAPITAL SELECT SECTOR MUNICIPAL TRUST
ONE PARKVIEW PLAZA
OAKBROOK TERRACE, ILLINOIS 60181
TELEPHONE (800) 341-2929
JOINT MEETING OF SHAREHOLDERS
MAY 23, 1996
INTRODUCTION
BACKGROUND
This Proxy Statement and the accompanying form of proxy, both of which are
to be mailed on approximately April 5, 1996, are furnished in connection with
the solicitation by the Board of Trustees of Van Kampen American Capital
Investment Grade Municipal Trust ("VIG"), Van Kampen American Capital Value
Municipal Income Trust ("VKV"), Van Kampen American Capital California Value
Municipal
<PAGE> 10
Income Trust ("VCV"), Van Kampen American Capital Massachusetts Value Municipal
Income Trust ("VMV"), Van Kampen American Capital New Jersey Value Municipal
Income Trust ("VJV"), Van Kampen American Capital New York Value Municipal
Income Trust ("VNV"), Van Kampen American Capital Ohio Value Municipal Income
Trust ("VOV"), Van Kampen American Capital Pennsylvania Value Municipal Income
Trust ("VPV"), Van Kampen American Capital Strategic Sector Municipal Trust
("VKS"), Van Kampen American Capital Municipal Opportunity Trust II ("VOT"), Van
Kampen American Capital Advantage Municipal Income Trust II ("VKI"), Van Kampen
American Capital Florida Municipal Opportunity Trust ("VOF"), Van Kampen
American Capital Trust for Investment Grade Municipals ("VGM"), Van Kampen
American Capital Trust for Insured Municipals ("VIM"), Van Kampen American
Capital Trust for Investment Grade California Municipals ("VIC"), Van Kampen
American Capital Trust for Investment Grade Florida Municipals ("VTF"), Van
Kampen American Capital Trust for Investment Grade New Jersey Municipals
("VTJ"), Van Kampen American Capital Trust for Investment Grade New York
Municipals ("VTN"), Van Kampen American Capital Trust for Investment Grade
Pennsylvania Municipals ("VTP"), Van Kampen American Capital Municipal
Opportunity Trust ("VMO"), Van Kampen American Capital Advantage Municipal
Income Trust ("VKA"), Van Kampen American Capital Advantage Pennsylvania
Municipal Income Trust ("VAP"), Van Kampen American Capital Municipal Trust
("VKQ"), Van Kampen American Capital California Quality Municipal Trust ("VQC"),
Van Kampen American Capital Florida Quality Municipal Trust ("VFM"), Van Kampen
American Capital Ohio Quality Municipal Trust ("VOQ"), Van Kampen American
Capital New York Quality Municipal Trust ("VNM"); Van Kampen American Capital
Pennsylvania Quality Municipal Trust ("VPQ"); Van Kampen American Capital
Municipal Income Trust ("VMT"), Van Kampen American Capital California Municipal
Trust ("VKC"), Van Kampen American Capital Limited Term High Income Trust
("VLT"), Van Kampen American Capital Intermediate Term High Income Trust ("VIT")
and Van Kampen American Capital Select Sector Municipal Trust
("VKL")(collectively, the "Funds") of proxies to be voted at the Joint Meeting
of Shareholders of the Funds, and at any and all adjournments thereof (the
"Meeting"), to be held at the offices of the Fund, One Parkview Plaza, Oakbrook
Terrace, Illinois 60181, on Thursday, May 23, 1996 at 2:00 p.m.
The Meeting is scheduled as a joint meeting of the respective shareholders
of the Funds because the shareholders of each Fund are expected to consider and
vote on similar matters. The Board of Trustees of each Fund has determined that
the use of a joint Proxy Statement for the Meeting is in the best interest of
the shareholders of each of the Funds. In the event that any shareholder of any
Fund present at the Meeting objects to the holding of a joint meeting and moves
for an adjournment of the meeting of such Fund to a time immediately after the
Meeting, so that such Fund's meeting may be held separately, the persons named
as proxies will vote in favor of such adjournment. Shareholders of each Fund
will vote separately on each
2
<PAGE> 11
of the proposals relating to their Fund, and an unfavorable vote on a proposal
by the shareholders of one Fund will not affect the implementation of such a
proposal by another Fund if the proposal is approved by the shareholders of that
Fund.
The Board of Trustees of each Fund selects a record date to determine which
holders of shares are entitled to vote at the Meeting. The Board of Trustees of
each Fund has fixed the close of business on March 22, 1996 as the record date
for the holders of common shares of beneficial interest, par value $.01 per
share, of each Fund (collectively, the "Common Shares"). The Board of Trustees
of each Fund has fixed the close of business on March 22, 1996 as the record
date for the holders of: preferred shares of beneficial interest, liquidation
preference $100,000 per share, of VIG, designated Remarketed Preferred Shares
("VIG RP"); preferred shares of beneficial interest, liquidation preference
$50,000 per share, of each of VKV, VCV, VMV, VJV, VNV, VOV, VPV, VKS, VOT, VKI,
VOF, VGM, VIM, VIC, VTF, VTJ, VTN, VTP, VMO, VKA, VAP, VKQ, VQC, VFM, VOQ, VNM
and VPQ, each designated Auction Preferred Shares (collectively, the "APS");
preferred shares of beneficial interest, liquidation preference $500,000 per
share, of VMT, designated Rate Adjusted Tax-Exempt Shares ("VMT RATES");
preferred shares of beneficial interest, liquidation preference $50,000 per
share, of VKC, designated Remarketed Preferred Shares ("VKC RP"); preferred
shares of beneficial interest, liquidation preference $50,000 per share, of VLT,
designated Auction Preferred Shares ("VLT APS"); preferred shares of beneficial
interest, liquidation preference $100,000 per share, of VIT, designated Auction
Market Preferred Shares ("VIT AMPS"); and preferred shares of beneficial
interest, liquidation preference $25,000 per share, of VKL, designated
Remarketed Preferred Shares ("VKL RP") (collectively, VIG RP, the APS, VMT
RATES, VKC RP, VLT APS, VIT AMPS and VKL RP are hereinafter referred to as the
"Preferred Shares"). Only a holder of Common Shares or Preferred Shares
(collectively, the "Shares") on the record date (the "Record Date") will be
entitled to one vote for each Share held, with no Share having cumulative voting
rights.
3
<PAGE> 12
SUMMARY OF SHAREHOLDER PROXY PROPOSALS
<TABLE>
<CAPTION>
CLASSES OF SHARES OF SUCH
PROPOSAL AFFECTED FUNDS FUNDS ENTITLED TO VOTE
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -------- ------------------ ------------------------------------
<C> <S> <C>
1(a) VIG, VKV, VCV,
VMV, VJV, VNV,
VOV, VPV, VKS,
VOT, VKI and
VOF............... Common Shares and Preferred Shares
1(b) VGM, VIM, VIC,
VTF, VTJ, VTN,
VTP, VMO, VKA,
VAP, VKQ, VQC,
VFM, VOQ, VNM,
VPQ, VMT, VKC, VLT
and VIT........... Common Shares
1(c) VKL............... Common Shares and Preferred Shares
2 All Funds......... Common Shares and Preferred Shares
</TABLE>
At the close of business on March 22, 1996, the issued and outstanding
Common Shares and issued and outstanding Preferred Shares for each Fund were as
follows:
<TABLE>
<CAPTION>
FUND COMMON SHARES PREFERRED SHARES
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ------------------------- ------------- ----------------
<S> <C> <C>
VIG...................... 4,839,000 250
VKV...................... 23,555,115 4,500
VCV...................... 6,029,844 1,200
VMV...................... 2,658,295 500
VJV...................... 2,499,940 500
VNV...................... 4,291,172 800
VOV...................... 1,681,438 300
VPV...................... 4,468,924 900
VKS...................... 10,806,700 1,900
VOT...................... 11,731,272 2,300
VKI...................... 8,168,211 1,600
VOF...................... 1,683,270 320
VGM...................... 27,013,149 5,300
VIM...................... 9,619,286 1,800
VIC...................... 4,619,242 900
VTF...................... 4,137,306 800
VTJ...................... 3,925,373 800
VTN...................... 6,200,986 1,200
VTP...................... 7,420,970 1,400
VMO...................... 15,352,890 3,000
VKA...................... 19,106,785 3,800
VAP...................... 4,361,902 800
</TABLE>
4
<PAGE> 13
<TABLE>
<CAPTION>
FUND COMMON SHARES PREFERRED SHARES
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ------------------------- ------------- ----------------
<S> <C> <C>
VKQ...................... 36,270,469 6,000
VQC...................... 9,623,295 1,500
VFM...................... 6,451,212 1,000
VOQ...................... 4,192,970 700
VNM...................... 5,643,499 900
VPQ...................... 8,102,830 1,300
VMT...................... 27,962,051 330
VKC...................... 3,192,553 400
VLT...................... 8,109,001 900
VIT...................... 13,710,760 850
VKL...................... 4,682,127 1,360
</TABLE>
As of March 22, 1996, to the knowledge of management of each Fund, no person
beneficially owned more than 5% of such Fund's outstanding Common Shares or
outstanding Preferred Shares.
VOTING
With respect to each Fund, the holders of Common Shares will vote together
with the holders of the Preferred Shares as a single class on all proposals to
be brought before the Meeting, except that the holders of the Common Shares and
Preferred Shares, each voting as separate classes, will vote on those respective
nominees for the Board of Trustees designated to be elected by the holders of
the Common Shares and the holders of the Preferred Shares (See "Proposal 1:
Election of Trustees" below). The voting requirement for passage of a particular
proposal depends on the nature of the particular proposal. With respect to
Proposal 1, an affirmative vote of a plurality of the Common Shares of a Fund
present in person or by proxy at the Meeting is required to elect the nominee(s)
for Trustee of each Fund designated to be elected by the holders of the Common
Shares of such Fund and an affirmative vote of a plurality of the Preferred
Shares of a Fund present in person or by proxy at the Meeting is required to
elect the nominee(s) for Trustee of each Fund designated to be elected by the
holders of the Preferred Shares of such Fund. With respect to Proposal 2, an
affirmative vote of a majority of the Common Shares and Preferred Shares of a
Fund, voting together as a single class, present in person or by proxy at the
Meeting is necessary to ratify the selection of the independent auditors.
On the matters coming before the Meeting as to which a choice has been
specified by the shareholder by means of the ballot on the proxy, the Shares
will be voted accordingly. Shares not voted with respect to a proposal due to an
abstention or broker non-vote will be deemed votes not cast with respect to such
proposal, but such Shares will be deemed present for quorum purposes. Management
of each Fund recommends that you cast your vote FOR each of the nominees for the
Board of Trustees listed in this Proxy Statement for such Fund and FOR the
ratification of the selection of KPMG Peat Marwick LLP as independent auditors
for the fiscal
5
<PAGE> 14
year of each respective Fund ending in 1996. If no choice is so specified, the
Shares will be voted FOR the election of the respective nominees for Trustee of
each Fund listed in this Proxy Statement and FOR ratification of KPMG Peat
Marwick LLP as independent auditors for the fiscal year of each respective Fund
ending in 1996. Shareholders who execute proxies may revoke them at any time
before they are voted by filing with the respective Fund a written notice of
revocation, by delivering a duly executed proxy bearing a later date, or by
attending the Meeting and voting in person.
The Funds know of no business other than that mentioned in proposals 1 and 2
in the Notice of Joint Meeting of Shareholders which will be presented for
consideration at the Meeting. If any other matters are properly presented, it is
the intention of the persons named on the enclosed proxy to vote proxies in
accordance with their best judgment. In the event a quorum is present at the
Meeting but sufficient votes to approve any of the proposals are not received,
the persons named as proxies may propose one or more adjournments of such
Meeting to permit further solicitation of proxies, provided they determine that
such an adjournment and additional solicitation is reasonable and in the
interest of Shareholders based on a consideration of all relevant factors,
including the nature of the relevant proposal, the percentage of votes then
cast, the percentage of negative votes then cast, the nature of the proposed
solicitation activities and the nature of the reasons for such further
solicitation.
INVESTMENT ADVISER
Van Kampen American Capital Investment Advisory Corp. (the "Adviser") is the
investment adviser for each of the Funds. The Adviser has acted as investment
adviser to each of the Funds since each Fund commenced its investment
operations. The address of the Adviser is One Parkview Plaza, Oakbrook Terrace,
Illinois 60181. The Adviser is a wholly-owned subsidiary of Van Kampen American
Capital, Inc., which in turn is a wholly-owned subsidiary of VK/AC Holding, Inc.
VK/AC Holding, Inc. is controlled, through the ownership of a substantial
majority of its common stock, by The Clayton & Dubilier Private Equity Fund IV
Limited Partnership ("C&D L.P."), a Connecticut limited partnership. C&D L.P. is
managed by Clayton, Dubilier & Rice, Inc., a New York based private investment
firm. The General Partner of C&D L.P. is Clayton & Dubilier Associates IV
Limited Partnership ("C&D Associates L.P."). The general partners of C&D
Associates L.P. are Joseph L. Rice, III, B. Charles Ames, William A. Barbe,
Alberto Cribiore, Donald J. Gogel, Leon J. Hendrix, Jr., Hubbard C. Howe and
Andrall E. Pearson, each of whom is a principal of Clayton, Dubilier & Rice,
Inc. In addition, certain officers, directors and employees of Van Kampen
American Capital, Inc. own, in the aggregate, not more than 7% of the common
stock of VK/AC Holding, Inc. and have the right to acquire, upon the exercise of
options, approximately an additional 13% of the common stock of VK/AC Holding,
Inc. Presently, and after giving effect to the exercise of such options, no
officer or trustee
6
<PAGE> 15
of Funds owns or would own 5% or more of the common stock of VK/AC Holding, Inc.
Each Investment Advisory Agreement provides that the Adviser will supply
investment research and portfolio management, including the selection of
securities for each Fund to purchase, hold, or sell and the selection of brokers
through whom that Fund's portfolio transactions are executed. The Adviser also
administers the business affairs of each Fund, furnishes offices, necessary
facilities and equipment, provides administrative services, and permits its
officers and employees to serve without compensation as trustees and officers of
such Fund if duly elected to such positions.
OTHER SERVICE PROVIDERS
Each Fund, except VMT, VKC, VLT and VIT, has entered into an administration
agreement between such Fund and Van Kampen American Capital Distributors, Inc.
(in such capacity, the "Administrator"). The Administrator's principal place of
business is One Parkview Plaza, Oakbrook Terrace, Illinois 60181. With respect
to VKS, the Administrator has engaged Mitchell Hutchins Asset Management Inc. to
act as a sub-administrator (the "Sub-Administrator"). The Sub-Administrator's
principal place of business is 1285 Avenue of the Americas, New York, New York
10019. With respect to VKL, the Adviser has also entered into an administration
agreement between VKL and Princeton Administrators, L.P., formerly known as
Middlesex Administrators L.P. ("Princeton"), for the provision of certain
administration services. Princeton's principal place of business is 800 Scudders
Mill Road, Plainsboro, New Jersey 08536.
Each Fund has entered into an accounting services agreement with the
Adviser. Each Fund has entered into a legal services agreement with Van Kampen
American Capital, Inc. Van Kampen American Capital, Inc.'s principal place of
business is One Parkview Plaza, Oakbrook Terrace, Illinois 60181. Each of VIG,
VMT, VKC, VLT and VIT has entered into a support services agreement with Van
Kampen American Capital Distributors, Inc.
7
<PAGE> 16
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ------------------------------------------------------------------------------
PROPOSAL 1: ELECTION OF TRUSTEES
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ------------------------------------------------------------------------------
With respect to each of the Funds, trustees are to be elected by the
Shareholders in the following manner:
a) With respect to VIG, VKV, VCV, VMV, VJV, VNV, VOV, VPV, VKS, VOT,
VKI and VOF, Class III Trustees are to be elected at the Meeting by the
Shareholders to serve until the later of that Fund's Annual Meeting of
Shareholders in 1999 or until their successors have been duly elected
and qualified. Holders of Common Shares, voting as a separate class,
will vote with respect to the two nominees set forth below as Class III
Trustees designated to be elected by the holders of Common Shares.
Holders of Preferred Shares, voting as a separate class, will vote with
respect to the one nominee set forth below as a Class III Trustee
designated to be elected by the holders of Preferred Shares. An
affirmative vote of a plurality of the Common Shares of each Fund and a
plurality of the Preferred Shares of each Fund, voting as separate
classes, present at the Meeting in person or by proxy is required to
elect the respective nominees. It is the intention of the persons named
in the enclosed proxy to vote the Shares represented by them for the
election of the respective nominees listed below unless the proxy is
marked otherwise.
b) With respect to VGM, VIM, VIC, VTF, VTJ, VTN, VTP, VMO, VKA, VAP,
VKQ, VQC, VFM, VOQ, VNM, VPQ, VMT, VKC, VLT and VIT, Class I Trustees
are to be elected at the Meeting by the Shareholders to serve until the
later of that Fund's Annual Meeting of Shareholders in 1999 or until
their successors have been duly elected and qualified. Holders of
Common Shares, voting as a separate class, will vote with respect to
the three nominees set forth below as Class I Trustees designated to be
elected by the holders of Common Shares. At this meeting, there are no
nominees for Class I Trustees designated to be elected by the holders
of Preferred Shares. An affirmative vote of a plurality of the Common
Shares of each Fund, voting as a separate class, present at the Meeting
in person or by proxy is required to elect the respective nominees. It
is the intention of the persons named in the enclosed proxy to vote the
Shares represented by them for the election of the respective nominees
listed below unless the proxy is marked otherwise.
c) With respect to VKL, Class II Trustees are to be elected at the
Meeting by the Shareholders to serve until the later of the Fund's
Annual Meeting of Shareholders in 1999 or until their successors have
been duly elected and qualified. Holders of Common Shares, voting as a
separate class, will vote with respect to the one nominee set forth
below as a Class II Trustee designated to be elected by the holders of
Common Shares. Holders of Preferred Shares, voting as a separate class,
will vote with respect to the one nominee set forth below as a Class II
Trustee
8
<PAGE> 17
designated to be elected by the holders of Preferred Shares. An
affirmative vote of a plurality of the Common Shares of each Fund and a
plurality of the Preferred Shares of each Fund, voting as separate
classes, present at the Meeting in person or by proxy is required to
elect the respective nominees. It is the intention of the persons named
in the enclosed proxy to vote the Shares represented by them for the
election of the respective nominees listed below unless the proxy is
marked otherwise.
Each of the Trustees named below, except for Messrs. Kerr, Sonnenschein and
Powell, has acted as Trustee since his election to the Board of Trustees of: VIG
in October of 1989, VKV, VCV, VMV, VJV, VNV, VOV and VPV in January of 1993, VKS
in December of 1992, VOT in April 1993, VKI in June of 1993, VOF in March of
1993, VGM and VIM in November of 1991, VIC, VTF, VTJ, VTN and VTP in February of
1992, VMO in March of 1992, VKA and VAP in August of 1992, VKQ, VQC, VFM, VOQ,
VNM and VPQ in August of 1991, VMT in August of 1988, VKC in September of 1988,
VLT in February of 1989, VIT in December of 1988 and VKL in October of 1993. VIG
commenced investment operations in November of 1989. VKV commenced investment
operations in March of 1993. VCV, VMV, VJV, VNV, VOV and VPV commenced
investment operations in April of 1993. VKS commenced investment operations in
January of 1993. VOT commenced investment operations in June of 1993. VKI
commenced investment operations in August of 1993. VOF commenced investment
operations in July of 1993. VGM and VIM commenced investment operations in
January of 1992. VIC, VTF, VTJ, VTN and VTP commenced investment operations in
March of 1992. VMO commenced investment operations in April of 1992. VKA and VAP
commenced investment operations in September of 1992. VKQ, VQC, VFM, VOQ, VNM
and VPQ commenced investment operations in September of 1991. VMT commenced
investment operations in August of 1988. VKC commenced investment operations in
November of 1988. VLT commenced investment operations in April of 1989. VIT
commenced investment operations in January of 1989. VKL commenced investment
operations in November of 1993. With respect to VIG, VGM, VIM, VIC, VTF, VTJ,
VTN, VTP, VMO, VKA, VAP, VKQ, VQC, VFM, VOQ, VNM, VPQ, VMT, VKC, VLT and VIT,
Mr. Kerr was appointed as a Trustee of each of these Funds on October 26, 1992
to fill a vacant Trustee position on the Board of Trustees of such Funds in
connection with the expansion of such Boards on such date from seven to eight
Trustees. Mr. Sonnenschein was appointed as a Trustee of each of the Funds on
February 25, 1994 to fill a vacant Trustee position in connection with the
retirement from each of the Boards of Clyde H. Keith on the same date. Mr.
Powell was appointed as a Trustee of each of the Funds on January 28, 1995 to
fill a vacant Trustee position in connection with the resignation from each of
the Boards of John C. Merritt on the same date. Mr. Merritt, who had been a
Trustee and Chairman of each of the investment companies advised by the Adviser,
also resigned as the Chairman of the Board, Chief Executive Officer and a
Director of the Adviser, Van Kampen Merritt Management Inc., Van Kampen Merritt
Inc., and Chairman, Chief Executive Officer, President, Chief Operating Officer
and Director of The Van Kampen
9
<PAGE> 18
Merritt Companies, Inc. and VKM Holding, Inc. Mr. Merritt's resignation from
these Van Kampen Merritt-related entities was related to the purchase by Van
Kampen American Capital, Inc. (formerly, The Van Kampen American Capital
Companies, Inc.) of American Capital Management & Research, Inc. from The
Travelers Inc. (the "American Capital Acquisition"). At or subsequent to the
closing of the American Capital Acquisition, Mr. Merritt exercised options and
sold approximately 49,740 shares of the common stock of Van Kampen American
Capital, Inc. at a purchase price of $200 per share. In addition, Mr. Merritt
has a severance agreement with Van Kampen American Capital, Inc. entitling him
to approximately $550,000 payable during 1995. Mr. American Capital was also a
Director of McCarthy, Crisanti & Maffei, Inc., MCM Asia Pacific Company,
Limited, a limited partner of R.L. Renck & Co., Inc., and Vice Chairman of the
Municipal Securities Rulemaking Board.
The Declaration of Trust of each Fund provides that the Board of Trustees
shall consist of not less than three nor more than eleven trustees divided into
three classes, the classes to be as nearly equal in number as possible. The
Trustees of only one class are elected at each annual meeting so that the
regular term of only one class of Trustees will expire annually and any
particular Trustee stands for election only once in each three-year period.
With respect to each of the Funds, pursuant to the Investment Company Act of
1940, as amended (the "1940 Act"), as long as any Preferred Shares are
outstanding, the holders of Preferred Shares will, voting as a separate class,
elect two of the Trustees of the Fund. One each of the Class II Trustees and the
Class III Trustees has been designated to be elected by the holders of the
Preferred Shares. In the event a vacancy occurs on any Board of Trustees by
reason of death, resignation or a reason other than removal by the appropriate
class of Shareholders, the remaining Trustees, or remaining Trustee, elected by
the class that elected the vacant Trustee's position shall fill the vacancy for
the entire unexpired term. Mr. Dammeyer is currently the Class II Trustee
designated to be elected by the holders of the Preferred Shares and Mr. Myers is
currently the Class III Trustee designated to be elected by the holders of the
Preferred Shares.
With respect to each of the Funds, each of the nominees has agreed to serve
as a Trustee if elected; however, should any nominees become unable or unwilling
to accept nomination or election, the proxies will be voted for one or more
substitute nominees designated by the present Board of Trustees of each Fund.
10
<PAGE> 19
The following sets forth the names, addresses, ages, principal occupations
and other information regarding the Trustee nominees and those Trustees whose
terms continue after the Meeting.
<TABLE>
<CAPTION>
PRINCIPAL OCCUPATIONS OR
NAME, ADDRESS AND AGE EMPLOYMENT IN PAST 5 YEARS
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ---------------------------- ------------------------------------------
<S> <C>
David C. Arch(1)............ Trustee. Mr. Arch is Chairman and Chief
1800 Swift Drive Executive Officer of Blistex Inc., a
Oak Brook, IL 60521 consumer health care products
Age: 50 manufacturer. Mr. Arch is also a Trustee
of other investment companies advised by
the Adviser.
Rod Dammeyer(2)............. Trustee. Mr. Dammeyer is President, Chief
Two North Riverside Plaza Executive Officer and Director of Anixter
Chicago, IL 60606 International Inc. (formerly known as Itel
Age: 55 Corporation), a value-added provider of
integrated networking and cabling
solutions that support business informa-
tion and network infrastructure
requirements; and Great American
Management & Investment, Inc., a
diversified manufacturing company. He is
also a Director of Lukens, Inc., Falcon
Building Products, Inc., Revco D.S., Inc.,
Jacor Communications, Inc., Capsure
Holdings Corp., IMC Global Inc. (formerly
known as The Vigoro Corporation) and Antec
Corporation. Mr. Dammeyer was previously a
Director of Santa Fe Energy Resources,
Inc., Lomas Financial Corporation, Santa
Fe Pacific Corporation, Q-Tel, S.A. de
C.V. and Servicios Financieros Quadrum,
S.A. Mr. Dammeyer is also a Trustee of
other investment companies advised by the
Adviser.
Howard J Kerr(1)............ Trustee. Mr. Kerr is President and Chief
736 North Western Ave. Executive Officer of Pocklington
P.O. Box 317 Corporation, Inc., an investment holding
Lake Forest, IL 60045 company. Mr. Kerr is also a Director of
Age: 60 Canbra Foods, Ltd., a Canadian oilseed
crushing, refining, processing and
packaging operation. Mr. Kerr is a Trustee
of other investment companies advised by
the Adviser.
</TABLE>
11
<PAGE> 20
<TABLE>
<CAPTION>
PRINCIPAL OCCUPATIONS OR
NAME, ADDRESS AND AGE EMPLOYMENT IN PAST 5 YEARS
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ---------------------------- ------------------------------------------
<S> <C>
Dennis J. McDonnell*(1)..... President, Chief Executive Officer and
One Parkview Plaza Trustee. Mr. McDonnell is President, Chief
Oakbrook Terrace, IL 60181 Operating Officer and a Director of the
Age: 53 Adviser, the AC Adviser, Van Kampen
American Capital Advisors Inc., VCJ Inc.
and Van Kampen American Capital
Management, Inc. He is also an Executive
Vice President and Director of VK/AC
Holding, Inc., and Van Kampen American
Capital. Chairman and Director of MCM Asia
Pacific Company, Limited and VSM, Inc.,
Chief Executive Officer of McCarthy,
Crisanti & Maffei, Inc. and McCarthy,
Crisanti & Maffei Acquisition Corporation,
President of Van Kampen Merritt Equity
Advisors Corp., Director of Van Kampen
Merritt Equity Holdings Corp. and
McCarthy, Crisanti & Maffei, S.A. Mr.
McDonnell is the President, Chief
Executive Officer and a Trustee of other
investment companies advised by the
Adviser and its affiliates.
Theodore A. Myers(3)........ Trustee. Mr. Myers is an Executive Vice
1940 East 6th Street President and Chief Financial Officer of
Cleveland, OH 44114 Qualitech Steel Corporation, a producer of
Age: 65 high quality engineered steels for
automotive, transportation and capital
goods industries. He is also a Director of
McLouth Steel and a member of the Arthur
Anderson Chief Financial Officer Advisory
Committee. Prior to August, 1993, Mr.
Myers was Senior Vice President, Chief
Financial Officer and a Director of
Doskocil Companies, Inc., a food
processing and distribution company. Mr.
Myers is also a Trustee of other
investment companies advised by the
Adviser.
Don G. Powell*(3)........... Chairman and Trustee. Mr. Powell is
2800 Post Oak Blvd. President, Chief Executive Officer and a
Houston, TX 77056 Director of VK/AC Holding, Inc. and Van
Age: 56 Kampen American Capital, Inc.; Chairman,
Chief Executive Officer and a Director of
the Distributor, the Adviser and Van
Kampen American Capital Management, Inc.
(the "AC Adviser"); Chairman, President
and Director of Van Kampen American
Capital Services, Inc.; Director,
President and Chief Executive Officer of
Van Kampen American Capital Advisors, Inc.
and Van Kampen American Capital Exchange
Corp.; Director and Executive Vice
President of Advantage Capital
Corporation, ACCESS Investor Services,
Inc. and Van Kampen American Capital Trust
Company; Director of McCarthy, Crisanti &
Maffei, Inc. He is also President and
Director, Trustee or Managing General
Partner of each of the funds advised by
the Adviser and its affiliates.
</TABLE>
12
<PAGE> 21
<TABLE>
<CAPTION>
PRINCIPAL OCCUPATIONS OR
NAME, ADDRESS AND AGE EMPLOYMENT IN PAST 5 YEARS
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ---------------------------- ------------------------------------------
<S> <C>
Hugo F. Sonnenschein(3)..... Trustee. Mr. Sonnenschein is President of
5801 South Ellis Avenue the University of Chicago. Mr.
Suite 502 Sonnenschein is a member of the Board of
Chicago, IL 60637 Trustees of the University of Rochester
Age: 55 and a member of its investment committee.
Prior to July, 1993, Mr. Sonnenschein was
Provost of Princeton University and Dean
of the School of Arts and Sciences at the
University of Pennsylvania. Mr.
Sonnenschein is a member of the National
Academy of Sciences and a fellow of the
American Academy of Arts and Sciences. Mr.
Sonnenschein is also a trustee of other
investment companies advised by the
Adviser.
Wayne W. Whalen*(2)......... Trustee. Mr. Whalen is a partner in the
333 West Wacker Drive law firm of Skadden, Arps, Slate, Meagher
Chicago, IL 60606 & Flom. Mr. Whalen is also a Trustee of
Age: 56 other investment companies advised by the
Adviser and the AC Adviser.
</TABLE>
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ---------------
* Such trustees are "interested persons" (within the meaning of Section 2(a)(19)
of the 1940 Act). Messrs. McDonnell and Powell are interested persons of the
Adviser and the Funds by reason of such trustee's position with the Adviser.
Mr. Whalen is an interested person of the Funds by reason of acting as legal
counsel for such Funds.
(1) Class I Trustee.
(2) Class II Trustee.
(3) Class III Trustee.
------------------------
Unless specified otherwise in Appendix A, the Trustee owns no Common
Shares of the Funds as of March 22, 1996. Ownership, as of March 22, 1996, can
be direct or beneficial; and such ownership constitutes less than 1% of the
outstanding Common Shares of the respective Fund. As of March 22, 1996, none of
the Trustees owned Preferred Shares of the respective Funds.
During the fiscal year ended October 31, 1995, the Board of Trustees of VIG,
VKV, VCV, VMV, VJV, VNV, VOV, VPV, VKS, VOT, VKI, VOF, VGM, VIM, VIC, VTF, VTJ,
VTN, VTP, VMO, VKA, VAP and VKL each held eight meetings. During the last fiscal
year, each of the Trustees of such Funds attended at least 75% of the meetings
of the respective Board of Trustees during the period he has been a Trustee and
all committee meetings thereof of which such Trustee was a member. During the
fiscal year ended October 31, 1995, the Board of Trustees of such Funds had no
standing committees with the exception of an audit committee.
During the fiscal year ended August 31, 1995, the Board of Trustees of VKQ,
VQC, VFM, VOQ, VNM and VPQ each held eight meetings. During the last fiscal
year, each of the Trustees of such Funds attended at least 75% of the meetings
of the respective Board of Trustees during the period he has been a Trustee and
all
13
<PAGE> 22
committee meetings thereof of which such Trustee was a member. During the fiscal
year ended August 31, 1995, the Board of Trustees of such Funds had no standing
committees with the exception of an audit committee.
During the fiscal year ended June 30, 1995, the Board of Trustees of VMT and
VKC each held seven meetings. During the last fiscal year, each of the Trustees
of such Funds attended at least 75% of the meetings of the respective Board of
Trustees during the period he has been a Trustee and all committee meetings
thereof of which such Trustee was a member. During the fiscal year ended June
30, 1995, the Board of Trustees of such Funds had no standing committees with
the exception of an audit committee.
During the fiscal year ended December 31, 1995, the Board of Trustees of VLT
and VIT each held seven meetings. During the last fiscal year, each of the
Trustees of such Funds during the period he has been a Trustee attended at least
75% of the meetings of the respective Board of Trustees and all committees
thereof of which such Trustee was a member. During the fiscal year ended
December 31, 1995, the Board of Trustees of such Funds had no standing
committees with the exception of an audit committee.
For the fiscal year of each Fund ended in 1995, the audit committee of each
Fund consisted of Messrs. Arch, Dammeyer, Kerr, Myers and Sonnenschein. The
committee is primarily responsible for supervision of the Funds' independent
auditors and the annual review of the investment advisory agreement and any
other matters requiring the approval of the Trustees who are not "interested
persons" of the Funds pursuant to the 1940 Act. For the fiscal year of each fund
ended in 1995, the audit committee of each Fund held two meetings.
The compensation of Trustees who are affiliated persons (as defined in the 1940
Act) of the Adviser, Van Kampen American Capital Distributors, Inc. or Van
Kampen American Capital, Inc. is paid by the respective entity. Each of the
Funds pays compensation to all other Trustees. During each Fund's fiscal year
ended in 1995, each Fund paid Trustees who are not affiliated persons of the
Adviser, Van Kampen American Capital Distributors, Inc., or Van Kampen American
Capital, Inc. an annual retainer of $2,500 per year, and $250 per meeting of the
Board of Trustees, plus expenses. Members of the Audit Committee received $250
for each meeting of such committee.
Each Trustee can elect to defer receipt of all or a portion of the Trustee's
fees earned by such Trustee until such Trustee's retirement. Amounts deferred
are retained by the Funds and earn a rate of return determined by reference to
the return on the respective Fund's Common Shares or the return on the Common
Shares of other Funds in the Fund Complex (as defined below) as selected by the
Trustee. To the extent permitted by the 1940 Act, each Fund may invest in
securities of other Funds in order to match the deferred compensation
obligations. The deferred compensation plan is not funded and obligations
thereunder represent general unsecured claims against the general assets of each
respective Fund.
14
<PAGE> 23
Under each Fund's retirement plan, Trustees who are not affiliated with the
Adviser, Van Kampen American Capital Distributors, Inc. or Van Kampen American
Capital, Inc., have at least ten years of service and retire at or after
attaining the age of 60 are eligible to receive a retirement benefit for each of
the ten years following such Trustee's retirement, which benefit is equal to
$2,500 per year. Under certain conditions, reduced benefits are available for
early retirement, provided the Trustee has served at least five years.
1995 COMPENSATION TABLE
<TABLE>
<CAPTION>
TOTAL
COMPENSATION
AGGREGATE PENSION OR BEFORE
COMPENSATION RETIREMENT ESTIMATED DEFERRAL
BEFORE BENEFITS ACCRUED ANNUAL FROM THE FUND
DEFERRAL PER FUND BENEFITS COMPLEX PAID
FROM EACH AS PART OF FUND PER FUND UPON TO
NAME(1) FUND EXPENSES RETIREMENT(4) TRUSTEES(5)
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ------------------------ ------------ ---------------- ------------- -------------
<S> <C> <C> <C> <C>
David C. Arch (2) (3) $2,500 $ 144,625
Rod Dammeyer (2) (3) $2,500 $ 144,625
Howard J Kerr (2) (3) $2,500 $ 144,625
Theodore A. Myers (2) (3) $2,500 $ 144,625
Hugo F. Sonnenschein (2) (3) $2,500 $ 144,625
Wayne W. Whalen (2) (3) $2,500 $ 144,125
</TABLE>
---------------
(1) Messrs. Powell and McDonnell, Trustees of each Fund during all or a portion
of its 1995 fiscal year, are affiliated persons of the Adviser and are not
eligible for compensation or retirement benefits from the Funds.
(2) The Aggregate Compensation before Deferral from each Fund during its 1995
fiscal year was $3,765 for each of Messrs. Arch, Dammeyer, Myers, Kerr and
Sonnenschein. The Aggregate Compensation before Deferral from each Fund
during its 1995 fiscal year was $3,750 for Mr. Whalen. Messrs. Dammeyer,
Kerr, Sonnenschein and Whalen deferred all of their 1995 Aggregate
Compensation from each Fund. Messrs. Arch and Myers did not defer their 1995
Aggregate Compensation. Such deferred amounts are retained by the Fund and
earn a rate of return determined by reference to the return on the
respective Fund's Common Shares or the return on the Common Shares of other
Funds in the Fund Complex as selected by the Trustee. The total amounts of
deferred compensation (including interest) from each Fund at the end of its
last fiscal year is shown in Appendix B. The deferred compensation plan is
discussed above the 1995 Compensation Table.
(3) The Retirement Benefits accrued by each Fund during its 1995 fiscal year are
shown in Appendix C. The retirement plan is described above the 1995
Compensation Table.
(4) This is the estimated maximum annual benefits payable per year per Fund for
the 10-year period commencing in the year of such Trustee's retirement from
such Fund assuming: the Trustee has 10 or more years of service on the Board
of the Fund and retires at or after attaining the age of 60. Trustees
retiring prior to the age of 60 or with fewer than 10 years of service for
the Fund may receive reduced retirement benefits from such Fund. The
retirement plan is described above the 1995 Compensation Table.
15
<PAGE> 24
(5) The amounts shown in this column are accumulated from the Aggregate
Compensation Before Deferral of each of 36 investment companies advised by
the Adviser that have the same members on each funds' Board of Trustees as
of December 31, 1995 (the "Fund Complex"). Certain Trustees deferred all or
a portion of their Aggregate Compensation from the Fund Complex during the
calendar year ended December 31, 1995 as follows: Mr. Dammeyer, $128,000;
Mr. Kerr, $128,000; Mr. Sonnenschein, $128,000; and Mr. Whalen, $127,500.
Amounts deferred are retained by the Funds and earn a rate of return
determined by reference to the return on the respective Fund's Common Shares
or the return on the Common Shares of other Funds in the Fund Complex as
selected by the Trustee. The deferred compensation plan is discussed above
the 1995 Compensation Table. The cumulative deferred compensation (including
interest) accrued with respect to each Trustee as of December 31, 1995 is as
follows: Mr. Dammeyer, $138,935; Mr. Kerr, $134,992; Mr. Sonnenschein,
$160,309; and Mr. Whalen, $130,380. The Adviser and its affiliates also
serve as investment adviser for other investment companies; however, with
the exception of Messrs. Powell, McDonnell and Whalen, the Trustees are not
trustees of such investment companies. Combining the Fund Complex with the
other investment companies advised by the Adviser and its affiliates, Mr.
Whalen received Aggregate Compensation of $268,857 during the calendar year
ended December 31, 1995.
The following sets forth the names, addresses, ages, principal occupations
and other information regarding the principal executive officers of each of the
Funds (other than information concerning Messrs. Powell and McDonnell, which is
set forth above). The officers of each Fund serve for one year or until their
respective successors are chosen and qualified. Each Fund's officers receive no
compensation from each respective Fund but are also officers of the Adviser, Van
Kampen American Capital Distributors, Inc., Van Kampen American Capital, Inc.
and/or VK/AC Holding, Inc., and receive compensation in such capacities. Unless
otherwise specified, the address of each of the following persons is One
Parkview Plaza, Oakbrook Terrace, Illinois 60181 and each person has been an
officer of each Fund since each Fund's commencement of investment operations.
<TABLE>
<CAPTION>
OTHER PRINCIPAL OCCUPATIONS
NAME, OFFICE AND AGE IN PAST 5 YEARS
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ---------------------------- -------------------------------------------
<S> <C>
Peter W. Hegel.............. Executive Vice President and Portfolio
Vice President Manager of the Adviser. Executive Vice
Age: 39 President of Van Kampen American Capital
Asset Management, Inc. (the "AC Adviser"),
Van Kampen American Capital Advisors, Inc.
Director of McCarthy, Crisanti & Maffei,
Inc. and McCarthy, Crisanti & Maffei
Acquisition Corporation. Vice President of
other investment companies advised by the
Adviser and its affiliates.
</TABLE>
16
<PAGE> 25
<TABLE>
<CAPTION>
OTHER PRINCIPAL OCCUPATIONS
NAME, OFFICE AND AGE IN PAST 5 YEARS
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ---------------------------- -------------------------------------------
<S> <C>
Ronald A. Nyberg............ Executive Vice President, General Counsel
Vice President and and Secretary of Van Kampen American
Secretary Capital, Inc. and VK/AC Holding, Inc.
Age: 42 Executive Vice President, General Counsel
and a Director of the Van Kampen American
Capital Distributors, Inc., Executive Vice
President and General Counsel of the
Adviser and the AC Adviser, Van Kampen
American Capital Management, Inc., VSM
Inc., VCJ, Inc., Van Kampen American
Capital Equity Advisors Corp., and Van
Kampen American Capital Equity Holdings
Corp. Executive Vice President, General
Counsel and Assistant Secretary of Van
Kampen American Capital Advisors, Inc.,
American Capital Contactual Services, Inc.,
Van Kampen American Capital Exchange
Corporation, ACCESS Investor Services,
Inc., American Capital Shareholders
Corporation, and Van Kampen American
Capital Trust Company. General Counsel of
McCarthy, Crisanti & Maffei, Inc. and
McCarthy, Crisanti & Maffei Acquisition
Corp. Secretary of other investment
companies advised by the Adviser and its
affiliates. Director of ICI Mutual
Insurance Co., a provider of insurance to
members of the Investment Company
Institute.
Edward C. Wood III.......... Senior Vice President of the Adviser and
Vice President, Treasurer the AC Adviser. Vice President, Treasurer
and Chief Financial and Chief Financial Officer of other
Officer investment companies advised by the Adviser
Age: 40 and its affiliates.
Nicholas Dalmaso............ Assistant Vice President and Senior
Assistant Secretary Attorney of Van Kampen American Capital.
Age: 31 Assistant Vice President and Assistant
Secretary of the Distributor, Inc., the
Adviser, the AC Adviser, and Van Kampen
American Capital Management, Inc. Assistant
Vice President of Van Kampen American
Capital Advisors, Inc. Assistant Secretary
of other investment companies advised by
the Adviser and its affiliates. Prior to
May 1992, attorney for Cantwell & Cantwell,
a Chicago law firm.
</TABLE>
17
<PAGE> 26
<TABLE>
<CAPTION>
OTHER PRINCIPAL OCCUPATIONS
NAME, OFFICE AND AGE IN PAST 5 YEARS
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ---------------------------- -------------------------------------------
<S> <C>
Scott E. Martin............. Senior Vice President, Deputy General
Assistant Secretary Counsel and Assistant Secretary of, VK/AC
Age: 39 Holding, Van Kampen American Capital, Inc.
Senior Vice President, Deputy General
Counsel and Secretary of the Adviser, the
AC Adviser, Van Kampen American Capital
Distributors, Inc. Van Kampen American
Capital Management, Inc., Van Kampen
American Capital Advisors, Inc., VSM Inc.,
VCJ Inc., American Capital Contractual
Services, Inc., Van Kampen American Capital
Exchange Corporation, Access Investor
Services, Inc., Van Kampen American Capital
Equity Advisors Corp., Van Kampen American
Capital Equity Holdings Corp., American
Capital Shareholders Corporation. Secretary
and Deputy General Counsel of McCarthy,
Crisanti & Maffei, Inc. and McCarthy,
Crisanti & Maffei Acquisition. Chief Legal
Officer of McCarthy, Crisanti & Maffei,
S.A. Assistant Secretary of other
investment companies advised by the Adviser
and its affiliates each of the open-end and
closed-end investment companies advised by
the Adviser.
Weston B. Wetherell......... Vice President, Associate General Counsel
Assistant Secretary and Assistant Secretary of Van Kampen
Age: 39 American Capital, Inc. the Adviser, the AC
Adviser, Van Kampen American Capital
Distributors, Inc. Van Kampen American
Capital Management, Inc., and Van Kampen
American Capital Advisors, Inc. Assistant
Secretary of other investment companies
advised by the Adviser and its affiliates.
John L. Sullivan............ First Vice President of the Adviser and AC
Controller Adviser. Treasurer and/or Controller of
Age: 40 other investment companies advised by the
Adviser and its affiliates.
Steven M. Hill.............. Assistant Vice President of the Adviser and
Assistant Treasurer the AC Adviser. Assistant Treasurer of
Age: 31 other investment companies advised by the
Adviser and its affiliates each of the
open-end and closed-end investment
companies advised by the Adviser.
</TABLE>
---------------
With respect to each Fund, as of March 22, 1996, all Trustees and officers
as a group owned less than 1% of the outstanding Common Shares and outstanding
Preferred Shares of each of such Funds. Section 30(f) of the 1940 Act and
18
<PAGE> 27
Section 16(a) of the Securities Exchange Act of 1934, as amended, require each
of the Funds' Trustees, officers, investment adviser, affiliated persons of the
investment adviser and persons who own more than 10% of a registered class of
the Fund's equity securities to file forms with the Securities and Exchange
Commission (the "SEC") and the New York Stock Exchange or American Stock
Exchange, if applicable, reporting their affiliation with the Fund and reports
of ownership and changes in ownership of Fund Shares. These persons and entities
are required by SEC regulation to furnish the Fund with copies of all such forms
they file. Based on a review of these forms furnished to each Fund, such Fund
believes that during the last fiscal year for each Fund, the Fund's Trustees,
officers, investment adviser and affiliated persons of the investment adviser
complied with the applicable filing requirements except for the following: the
sale of shares of VMT and VIG by Van Kampen American Capital Distributors, Inc.
was inadvertently reported approximately one month late. To the knowledge of
management of each Fund, no Shareholder of any of the Funds owns more than 10%
of a registered class of any Fund's equity securities.
SHAREHOLDER APPROVAL
With respect to each of the Funds, Common Shareholders and Preferred
Shareholders, each voting as a separate class, will vote on the respective
nominees for Trustees. The affirmative vote of a plurality of the Common Shares
present in person or by proxy is required to elect the nominee(s) for Trustee
designated to be elected by the Common Shares, and the affirmative vote of a
plurality of the Preferred Shares present in person or by proxy is required to
elect the nominee(s) designated to be elected by the Preferred Shares. THE
BOARDS OF TRUSTEES RECOMMEND A VOTE "FOR" EACH OF THE NOMINEES.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ------------------------------------------------------------------------------
PROPOSAL 2: RATIFICATION OF INDEPENDENT AUDITORS
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ------------------------------------------------------------------------------
The Board of Trustees of each Fund, including a majority of the Trustees who
are not "interested persons" of each Fund (as defined by the 1940 Act), has
selected the firm of KPMG Peat Marwick LLP, independent auditors, to examine the
financial statements for the fiscal year of each Fund ending in 1996. Each Fund
knows of no direct or indirect financial interest of such firm in such Fund.
Such appointment is subject to ratification or rejection by the Shareholders of
each Fund, with the Shareholders of each Fund voting as a single class. Unless a
contrary specification is made, the accompanying proxy will be voted in favor of
ratifying the selection of such accountants for each Fund. It is anticipated
that KPMG Peat Marwick LLP will also act as independent auditors for Van Kampen
American Capital, Inc., Van Kampen American Capital Distributors, Inc., VK/AC
Holding, Inc. and the Adviser.
Representatives of KPMG Peat Marwick LLP are expected to be present at the
Meeting and will be available to respond to questions from Shareholders and will
have the opportunity to make a statement if they so desire.
19
<PAGE> 28
SHAREHOLDER APPROVAL
The Shareholders of each Fund, voting with respect to each Fund as a single
class, are entitled to vote on this proposal. The affirmative vote of a majority
of the Shares present in person or by proxy is required to ratify the selection
of the independent public accountants. THE BOARDS OF TRUSTEES RECOMMEND A VOTE
"FOR" RATIFICATION OF THIS PROPOSAL.
PROXY SOLICITATION EXPENSES
The expenses of preparing, printing and mailing the enclosed form of proxy,
accompanying Notice of Joint Meeting of Shareholders and this Proxy Statement
and all other costs in connection with the solicitation of proxies will be borne
by the Funds. The total amount of these expenses will be allocated among each of
the Funds based upon the total number of shareholders for each Fund in relation
to the total number of shareholders for all of the Funds participating in the
Meeting. The Funds will also reimburse banks, brokers and others for their
reasonable expenses in forwarding proxy solicitation material to the beneficial
owners of the Shares of the Funds.
In order to obtain the necessary quorum at the Meeting, additional
solicitation may be made by mail, telephone, telegraph or personal interview by
representatives of each Fund, the Adviser, Van Kampen American Capital, Inc.,
VK/AC Holding, Inc. or by dealers or their representatives.
REPORTS TO SHAREHOLDERS AND FINANCIAL STATEMENTS
THE ANNUAL REPORT TO SHAREHOLDERS OF EACH FUND, WHICH INCLUDES AUDITED
FINANCIAL STATEMENTS OF SUCH FUND AS OF ITS 1995 FISCAL YEAR END, HAVE
PREVIOUSLY BEEN MAILED TO SHAREHOLDERS. WHERE APPLICABLE, THE SEMI-ANNUAL REPORT
TO SHAREHOLDERS OF EACH FUND, WHICH INCLUDES UNAUDITED FINANCIAL STATEMENTS OF
SUCH FUND FOR THE SIX-MONTH PERIOD SUBSEQUENT TO SUCH FUND'S 1995 FISCAL YEAR
END, HAVE PREVIOUSLY BEEN MAILED TO SHAREHOLDERS. EACH FUND WILL FURNISH,
WITHOUT CHARGE, COPIES OF ITS ANNUAL REPORT AND ITS SUBSEQUENT SEMI-ANNUAL
REPORT (WHERE APPLICABLE) BY CALLING (800) 341-2929 OR BY WRITING TO THE FUND,
ONE PARKVIEW PLAZA, OAKBROOK TERRACE, ILLINOIS 60181.
SHAREHOLDER PROPOSALS
To be considered for presentation at the Annual Meeting of Shareholders to
be held in 1997, a shareholder proposal must be received at the offices of the
relevant Fund, One Parkview Plaza, Oakbrook Terrace, Illinois 60181, not later
than January 31, 1997. Timely submission of a proposal by a Shareholder of any
of the Funds does not guarantee that such proposal will be presented at that
Fund's next Annual Meeting of Shareholders.
20
<PAGE> 29
GENERAL
Management of each Fund does not intend to present and does not have reason
to believe that others will present any other items of business at the Meeting.
However, if other matters are properly presented to the Meeting for a vote, the
proxies will be voted upon such matters in accordance with the judgment of the
persons acting under the proxies.
A list of Shareholders of each Fund entitled to be present and vote at the
Meeting will be available at the offices of the Fund, One Parkview Plaza,
Oakbrook Terrace, Illinois 60181, for inspection by any Shareholder during
regular business hours for ten days prior to the date of the Meeting.
Failure of a quorum to be present at the Meeting will necessitate
adjournment.
IF YOU CANNOT BE PRESENT IN PERSON, YOU ARE REQUESTED TO FILL IN, SIGN AND
RETURN THE ENCLOSED PROXY PROMPTLY. NO POSTAGE IS REQUIRED IF MAILED IN THE
UNITED STATES.
RONALD A. NYBERG, Vice President and Secretary
April 5, 1996
21
<PAGE> 30
APPENDIX A
TRUSTEE OWNERSHIP OF COMMON SHARES OF THE FUNDS AS OF MARCH 22, 1996
<TABLE>
<CAPTION>
ARCH DAMMEYER MCDONNELL MYERS WHALEN
---- -------- --------- ------ ------
<S> <C> <C> <C> <C> <C>
VIG................... 524 -- 698 -- 500
VKV................... -- -- 114 -- --
VKS................... 500 10,291 351 -- --
VOT................... -- 16,315 323 -- --
VKI................... 500 25,000 319 -- --
VGM................... 300 104,352 229 20,000 500
VIM................... 300 10,849 379 -- 500
VMO................... 300 -- 342 -- 500
VKA................... 300 18,168 228 21,000 500
VKQ................... 800 27,307 764 -- 500
VMT................... 577 124,553 1,674 100 500
VLT................... 550 6,928 6,648 50,486 333
VIT................... 676 17,845 3,000 -- 10,699
VKL................... 508 -- 300 -- --
</TABLE>
<PAGE> 31
APPENDIX B
1995 TOTAL DEFERRED COMPENSATION (INCLUDING INTEREST)
FROM EACH FUND
<TABLE>
<CAPTION>
DAMMEYER KERR SONNENSCHEIN WHALEN
-------- ------ ------------ ------
<S> <C> <C> <C> <C>
VIG.......... $4,090 $3,984 $4,799 $3,850
VKV.......... 4,090 3,984 4,799 3,850
VCV.......... 4,090 3,984 4,799 3,850
VMV.......... 4,090 3,984 4,799 3,850
VJV.......... 4,090 3,984 4,799 3,850
VNV.......... 4,090 3,984 4,799 3,850
VOV.......... 4,090 3,984 4,799 3,850
VPV.......... 4,090 3,984 4,799 3,850
VKS.......... 4,090 3,984 4,799 3,850
VOT.......... 4,090 3,984 4,799 3,850
VKI.......... 4,090 3,984 4,799 3,850
VOF.......... 4,090 3,984 4,799 3,850
VGM.......... 4,090 3,984 4,799 3,850
VIM.......... 4,090 3,984 4,799 3,850
VIC.......... 4,090 3,984 4,799 3,850
VTF.......... 4,090 3,984 4,799 3,850
VTJ.......... 4,090 3,984 4,799 3,850
VTN.......... 4,090 3,984 4,799 3,850
VTP.......... 4,090 3,984 4,799 3,850
VMO.......... 4,090 3,984 4,799 3,850
VKA.......... 4,090 3,984 4,799 3,850
VAP.......... 4,090 3,984 4,799 3,850
VKQ.......... 4,074 3,929 4,544 3,803
VQC.......... 4,074 3,929 4,544 3,803
VFM.......... 4,074 3,929 4,544 3,803
VOQ.......... 4,074 3,929 4,544 3,803
VNM.......... 4,074 3,929 4,544 3,803
VPQ.......... 4,074 3,929 4,544 3,803
VMT.......... 4,062 3,877 4,399 3,769
VKC.......... 4,062 3,877 4,399 3,769
VLT.......... 4,126 4,068 4,744 3,857
VIT.......... 4,126 4,068 4,744 3,857
VKL.......... 4,090 3,984 4,799 3,850
</TABLE>
<PAGE> 32
APPENDIX C
1995 RETIREMENT BENEFITS ACCRUED PER FUND
<TABLE>
<CAPTION>
ARCH DAMMEYER MYERS KERR SONNENSCHEIN WHALEN
---- -------- ----- ----- ------------ ------
<S> <C> <C> <C> <C> <C> <C>
VIG........... 287 554 2,232 1,074 456 634
VKV........... 247 470 1,242 1,039 448 584
VCV........... 247 470 1,242 1,039 448 584
VMV........... 247 470 1,242 1,039 448 584
VJV........... 247 470 1,242 1,039 448 584
VNV........... 247 470 1,242 1,039 448 584
VOV........... 247 470 1,242 1,039 448 584
VPV........... 247 470 1,242 1,039 448 584
VKS........... 252 480 1,267 1,060 453 556
VOT........... 222 449 1,115 1,026 449 524
VKI........... 222 449 1,115 1,026 449 524
VOF........... 222 449 1,115 1,026 449 524
VGM........... 269 506 1,544 1,066 455 583
VIM........... 269 506 1,544 1,066 455 583
VIC........... 262 491 1,378 1,043 449 605
VTF........... 262 491 1,378 1,043 449 605
VTJ........... 262 491 1,378 1,043 449 605
VTN........... 262 491 1,378 1,043 449 605
VTP........... 262 491 1,378 1,043 449 605
VMO........... 262 491 1,378 1,043 449 605
VKA........... 240 480 1,267 1,060 453 556
VAP........... 240 480 1,267 1,060 453 556
VKQ........... 283 544 1,611 1,123 428 626
VQC........... 283 544 1,611 1,123 428 626
VFM........... 283 544 1,611 1,123 428 626
VOQ........... 283 544 1,611 1,123 428 626
VNM........... 283 544 1,611 1,123 428 626
VPQ........... 283 544 1,611 1,123 428 626
VMT........... 300 558 2,468 1,029 389 635
VKC........... 300 558 2,468 1,029 389 635
VLT........... 303 556 2,361 1,059 453 671
VIT........... 303 556 2,361 1,059 453 671
VKL........... 222 449 1,115 1,026 449 524
</TABLE>
<PAGE> 33
FUNDS DISTRIBUTED BY VAN KAMPEN AMERICAN CAPITAL
GLOBAL AND
INTERNATIONAL
Global Equity Fund
Global Government Securities Fund
Global Managed Assets Fund
Short-Term Global Income Fund
Strategic Income Fund
EQUITY
Growth
Emerging Growth Fund
Enterprise Fund
Pace Fund
Growth & Income
Balanced Fund
Comstock Fund
Equity Income Fund
Growth and Income Fund
Harbor Fund
Real Estate Securities Fund
Utility Fund
FIXED INCOME
Corporate Bond Fund
Government Securities Fund
High Income Corporate Bond Fund
High Yield Fund
Limited Maturity Government Fund
Prime Rate Income Trust
Reserve Fund
U.S. Government Fund
U.S. Government Trust for Income
TAX-FREE
California Insured Tax Free Fund
Florida Insured Tax Free
Income Fund
High Yield Municipal Fund
Insured Tax Free Income Fund
Limited Term Municipal
Income Fund
Municipal Income Fund
New Jersey Tax Free Income Fund
New York Tax Free Income Fund
Pennsylvania Tax Free Income Fund
Tax Free High Income Fund
Tax Free Money Fund
Texas Tax Free Income Fund
THE GOVETT FUNDS
Emerging Markets Fund
Global Income Fund
International Equity Fund
Latin America Fund
Pacific Strategy Fund
Smaller Companies Fund
Ask your investment adviser for a prospectus containing more complete
information, including sales charges and expenses. Please read it carefully
before you invest or send money. Or call us direct at 1-800-421-5666 weekdays
from 7:00 a.m. to 7:00 p.m. Central time.
<PAGE> 34
[VKAC LOGO]
<PAGE> 35
PROXY VAN KAMPEN AMERICAN CAPITAL PROXY
INVESTMENT GRADE MUNICIPAL TRUST
MEETING OF SHAREHOLDERS TO BE HELD ON MAY 23, 1996
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of common shares of VAN KAMPEN AMERICAN CAPITAL
INVESTMENT GRADE MUNICIPAL TRUST (the "Fund"), a Massachusetts business trust,
hereby appoints Ronald A. Nyberg and Edward C. Wood III, and each of them, with
full power of substitution and revocation, as proxies to represent the
undersigned at the Meeting of Shareholders to be held at the offices of the
Fund, One Parkview Plaza, Oakbrook Terrace, Illinois 60181 on May 23, 1996 at
2:00 p.m., and at any and all adjournments thereof (the "Meeting"), and thereat
to vote all common shares of the Fund which the undersigned would be entitled to
vote, with all powers the undersigned would possess if personally present, in
accordance with the following instructions.
If more than one of the proxies, or their substitutes, are present at the
Meeting or any adjournment thereof, they jointly (or, if only one is present and
voting, then that one) shall have authority and may exercise all powers granted
hereby. This Proxy, when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS
PROXY WILL BE VOTED FOR EACH OF THE PROPOSALS DESCRIBED ABOVE AND IN THE
DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE
THE MEETING.
The undersigned hereby acknowledges receipt of the accompanying Notice of
Meeting and Proxy Statement for the Meeting to be held on May 23, 1996.
PLEASE VOTE, DATE AND SIGN ON OTHER SIDE AND RETURN PROMPTLY IN THE ENCLOSED
ENVELOPE.
Please sign this proxy exactly as your name appears on the books of the Fund.
Joint owners should each sign personally. Trustees and other fiduciaries should
indicate the capacity in which they sign, and where more than one name appears,
a majority must sign. If a corporation, this signature should be that of an
authorized officer who should state his or her title.
<TABLE>
<S> <C>
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ---------------------------------------------------- ----------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ---------------------------------------------------- ----------------------------------------------------
</TABLE>
/X/ PLEASE MARK VOTES
AS IN THIS EXAMPLE
<TABLE>
<CAPTION>
FOR ALL
FOR WITHHOLD EXCEPT
<S> <C> <C> <C>
1.) Authority to vote for the / / / / / /
election as Class III
Trustees the nominees named
below:
DON G. POWELL,
HUGO F. SONNENSCHEIN
To withhold authority to vote for any individual nominee, strike
a line through the nominee's name and mark the "For All Except"
box. Your shares will be voted for the remaining nominee(s).
Please be sure to sign and Date
date this Proxy.
Shareholder sign here Co-owner sign here
</TABLE>
<TABLE>
<CAPTION>
FOR AGAINST ABSTAIN
<S> <C> <C> <C>
2.) As to the proposal to ratify / / / / / /
the selection of KPMG Peat
Marwick LLP to act as the
independent auditors of the
Fund for the fiscal year ending
October 31, 1996.
3.) Upon any and all other business which may come before the
Meeting or any adjournment thereof.
VAN KAMPEN AMERICAN CAPITAL
INVESTMENT GRADE MUNICIPAL TRUST
Mark box at right if comments or address change have been / /
noted on the reverse side of this card.
RECORD DATE SHARES:
</TABLE>
<PAGE> 36
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
PROXY
VAN KAMPEN AMERICAN CAPITAL INVESTMENT GRADE MUNICIPAL TRUST
MEETING OF SHAREHOLDERS--MAY 23, 1996
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of preferred shares of VAN KAMPEN AMERICAN
CAPITAL INVESTMENT GRADE MUNICIPAL TRUST (the "Fund"), a
Massachusetts business trust, hereby appoints Ronald A. Nyberg
and Edward C. Wood III, and each of them, with full power of
substitution and revocation, as proxies to represent the
undersigned at the Meeting of Shareholders to be held at the
offices of the Fund, One Parkview Plaza, Oakbrook Terrace,
Illinois 60181, on May 23, 1996, at 2:00 p.m. and at any and all
adjournments thereof (the "Meeting"), and thereat to vote all
preferred shares which the undersigned would be entitled to vote,
with all powers the undersigned would possess if personally
present, in accordance with the following instructions:
1. GRANTING / / WITHHOLDING / / authority to vote for the
election as Class III
Trustee the nominee named
below:
Theodore A. Myers
2. FOR / / AGAINST / / ABSTAIN / / as to the proposal to
ratify the selection
of KPMG Peat Marwick
LLP to act as the
independent auditors
of the Fund for the
fiscal year ending
October 31, 1996.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
(Continued from other side)
Account Number No. of Shares Proxy No.
3. Upon any and all other business which may come before the
Meeting or any adjournment thereof.
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting, then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED FOR EACH OF THE
PROPOSALS DESCRIBED ABOVE AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND PROXY STATEMENT FOR THE MEETING TO BE HELD
ON MAY 23, 1996.
DATED: , 19
----------------------------
----------------------------
SIGNATURE(S)
PLEASE SIGN EXACTLY AS YOUR
NAME OR NAMES APPEAR ON THIS
PROXY. WHEN SIGNING AS
ATTORNEY, TRUSTEE, EXECUTOR,
ADMINISTRATOR, CUSTODIAN,
GUARDIAN OR CORPORATE
OFFICER, PLEASE GIVE FULL
TITLE. IF SHARES ARE HELD
JOINTLY, EACH HOLDER SHOULD
SIGN.
<PAGE> 37
PROXY VAN KAMPEN AMERICAN CAPITAL PROXY
VALUE MUNICIPAL INCOME TRUST
MEETING OF SHAREHOLDERS TO BE HELD ON MAY 23, 1996
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of common shares of VAN KAMPEN AMERICAN CAPITAL VALUE
MUNICIPAL INCOME TRUST (the "Fund"), a Massachusetts business trust, hereby
appoints Ronald A. Nyberg and Edward C. Wood III, and each of them, with full
power of substitution and revocation, as proxies to represent the undersigned at
the Meeting of Shareholders to be held at the offices of the Fund, One Parkview
Plaza, Oakbrook Terrace, Illinois 60181 on May 23, 1996 at 2:00 p.m., and at any
and all adjournments thereof (the "Meeting"), and thereat to vote all common
shares of the Fund which the undersigned would be entitled to vote, with all
powers the undersigned would possess if personally present, in accordance with
the following instructions.
If more than one of the proxies, or their substitutes, are present at the
Meeting or any adjournment thereof, they jointly (or, if only one is present and
voting, then that one) shall have authority and may exercise all powers granted
hereby. This Proxy, when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS
PROXY WILL BE VOTED FOR EACH OF THE PROPOSALS DESCRIBED ABOVE AND IN THE
DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE
THE MEETING.
The undersigned hereby acknowledges receipt of the accompanying Notice of
Meeting and Proxy Statement for the Meeting to be held on May 23, 1996.
PLEASE VOTE, DATE AND SIGN ON OTHER SIDE AND RETURN PROMPTLY IN THE ENCLOSED
ENVELOPE.
Please sign this proxy exactly as your name appears on the books of the Fund.
Joint owners should each sign personally. Trustees and other fiduciaries should
indicate the capacity in which they sign, and where more than one name appears,
a majority must sign. If a corporation, this signature should be that of an
authorized officer who should state his or her title.
<TABLE>
<S> <C>
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ---------------------------------------------------- ----------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ---------------------------------------------------- ----------------------------------------------------
</TABLE>
/X/ PLEASE MARK VOTES
AS IN THIS EXAMPLE
<TABLE>
<CAPTION>
FOR ALL
FOR WITHHOLD EXCEPT
<S> <C> <C> <C>
1.) Authority to vote for the / / / / / /
election as Class III
Trustees the nominees named
below:
DON G. POWELL,
HUGO F. SONNENSCHEIN
To withhold authority to vote for any individual nominee, strike
a line through the nominee's name and mark the "For All Except"
box. Your shares will be voted for the remaining nominee(s).
Please be sure to sign and Date
date this Proxy.
Shareholder sign here Co-owner sign here
</TABLE>
<TABLE>
<CAPTION>
FOR AGAINST ABSTAIN
<S> <C> <C> <C>
2.) As to the proposal to ratify / / / / / /
the selection of KPMG Peat
Marwick LLP to act as the
independent auditors of the
Fund for the fiscal year ending
October 31, 1996.
3.) Upon any and all other business which may come before the
Meeting or any adjournment thereof.
VAN KAMPEN AMERICAN CAPITAL
VALUE MUNICIPAL INCOME TRUST
Mark box at right if comments or address change have been / /
noted on the reverse side of this card.
RECORD DATE SHARES:
</TABLE>
<PAGE> 38
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
PROXY
VAN KAMPEN AMERICAN CAPITAL VALUE MUNICIPAL INCOME TRUST
MEETING OF SHAREHOLDERS--MAY 23, 1996
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of preferred shares of VAN KAMPEN AMERICAN
CAPITAL VALUE MUNICIPAL INCOME TRUST (the "Fund"), a
Massachusetts business trust, hereby appoints Ronald A. Nyberg
and Edward C. Wood III, and each of them, with full power of
substitution and revocation, as proxies to represent the
undersigned at the Meeting of Shareholders to be held at the
offices of the Fund, One Parkview Plaza, Oakbrook Terrace,
Illinois 60181, on May 23, 1996, at 2:00 p.m. and at any and all
adjournments thereof (the "Meeting"), and thereat to vote all
preferred shares which the undersigned would be entitled to vote,
with all powers the undersigned would possess if personally
present, in accordance with the following instructions:
1. GRANTING / / WITHHOLDING / / authority to vote for the
election as Class III
Trustee the nominee named
below:
Theodore A. Myers
2. FOR / / AGAINST / / ABSTAIN / / as to the proposal to
ratify the selection
of KPMG Peat Marwick
LLP to act as the
independent auditors
of the Fund for the
fiscal year ending
October 31, 1996.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
(Continued from other side)
Account Number No. of Shares Proxy No.
3. Upon any and all other business which may come before the
Meeting or any adjournment thereof.
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting, then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED FOR EACH OF THE
PROPOSALS DESCRIBED ABOVE AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND PROXY STATEMENT FOR THE MEETING TO BE HELD
ON MAY 23, 1996.
DATED: , 19
----------------------------
----------------------------
SIGNATURE(S)
PLEASE SIGN EXACTLY AS YOUR
NAME OR NAMES APPEAR ON THIS
PROXY. WHEN SIGNING AS
ATTORNEY, TRUSTEE, EXECUTOR,
ADMINISTRATOR, CUSTODIAN,
GUARDIAN OR CORPORATE
OFFICER, PLEASE GIVE FULL
TITLE. IF SHARES ARE HELD
JOINTLY, EACH HOLDER SHOULD
SIGN.
<PAGE> 39
PROXY VAN KAMPEN AMERICAN CAPITAL PROXY
CALIFORNIA VALUE MUNICIPAL INCOME TRUST
MEETING OF SHAREHOLDERS TO BE HELD ON MAY 23, 1996
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of common shares of VAN KAMPEN AMERICAN CAPITAL
CALIFORNIA VALUE MUNICIPAL INCOME TRUST (the "Fund"), a Massachusetts business
trust, hereby appoints Ronald A. Nyberg and Edward C. Wood III, and each of
them, with full power of substitution and revocation, as proxies to represent
the undersigned at the Meeting of Shareholders to be held at the offices of the
Fund, One Parkview Plaza, Oakbrook Terrace, Illinois 60181 on May 23, 1996 at
2:00 p.m., and at any and all adjournments thereof (the "Meeting"), and thereat
to vote all common shares of the Fund which the undersigned would be entitled to
vote, with all powers the undersigned would possess if personally present, in
accordance with the following instructions.
If more than one of the proxies, or their substitutes, are present at the
Meeting or any adjournment thereof, they jointly (or, if only one is present and
voting, then that one) shall have authority and may exercise all powers granted
hereby. This Proxy, when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS
PROXY WILL BE VOTED FOR EACH OF THE PROPOSALS DESCRIBED ABOVE AND IN THE
DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE
THE MEETING.
The undersigned hereby acknowledges receipt of the accompanying Notice of
Meeting and Proxy Statement for the Meeting to be held on May 23, 1996.
PLEASE VOTE, DATE AND SIGN ON OTHER SIDE AND RETURN PROMPTLY IN THE ENCLOSED
ENVELOPE.
Please sign this proxy exactly as your name appears on the books of the Fund.
Joint owners should each sign personally. Trustees and other fiduciaries should
indicate the capacity in which they sign, and where more than one name appears,
a majority must sign. If a corporation, this signature should be that of an
authorized officer who should state his or her title.
<TABLE>
<S> <C>
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ---------------------------------------------------- ----------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ---------------------------------------------------- ----------------------------------------------------
</TABLE>
/X/ PLEASE MARK VOTES
AS IN THIS EXAMPLE
<TABLE>
<CAPTION>
FOR ALL
FOR WITHHOLD EXCEPT
<S> <C> <C> <C>
1.) Authority to vote for the / / / / / /
election as Class III
Trustees the nominees named
below:
DON G. POWELL,
HUGO F. SONNENSCHEIN
To withhold authority to vote for any individual nominee, strike
a line through the nominee's name and mark the "For All Except"
box. Your shares will be voted for the remaining nominee(s).
Please be sure to sign and Date
date this Proxy.
Shareholder sign here Co-owner sign here
</TABLE>
<TABLE>
<CAPTION>
FOR AGAINST ABSTAIN
<S> <C> <C> <C>
2.) As to the proposal to ratify / / / / / /
the selection of KPMG Peat
Marwick LLP to act as the
independent auditors of the
Fund for the fiscal year ending
October 31, 1996.
3.) Upon any and all other business which may come before the
Meeting or any adjournment thereof.
VAN KAMPEN AMERICAN CAPITAL
CALIFORNIA VALUE MUNICIPAL
INCOME TRUST
Mark box at right if comments or address change have been / /
noted on the reverse side of this card.
RECORD DATE SHARES:
</TABLE>
<PAGE> 40
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
PROXY
VAN KAMPEN AMERICAN CAPITAL CALIFORNIA VALUE MUNICIPAL INCOME
TRUST
MEETING OF SHAREHOLDERS--MAY 23, 1996
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of preferred shares of VAN KAMPEN AMERICAN
CAPITAL CALIFORNIA VALUE MUNICIPAL INCOME TRUST (the "Fund"), a
Massachusetts business trust, hereby appoints Ronald A. Nyberg
and Edward C. Wood III, and each of them, with full power of
substitution and revocation, as proxies to represent the
undersigned at the Meeting of Shareholders to be held at the
offices of the Fund, One Parkview Plaza, Oakbrook Terrace,
Illinois 60181, on May 23, 1996, at 2:00 p.m. and at any and all
adjournments thereof (the "Meeting"), and thereat to vote all
preferred shares which the undersigned would be entitled to vote,
with all powers the undersigned would possess if personally
present, in accordance with the following instructions:
1. GRANTING / / WITHHOLDING / / authority to vote for the
election as Class III
Trustee the nominee named
below:
Theodore A. Myers
2. FOR / / AGAINST / / ABSTAIN / / as to the proposal to
ratify the selection
of KPMG Peat Marwick
LLP to act as the
independent auditors
of the Fund for the
fiscal year ending
October 31, 1996.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
(Continued from other side)
Account Number No. of Shares Proxy No.
3. Upon any and all other business which may come before the
Meeting or any adjournment thereof.
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting, then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED FOR EACH OF THE
PROPOSALS DESCRIBED ABOVE AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND PROXY STATEMENT FOR THE MEETING TO BE HELD
ON MAY 23, 1996.
DATED: , 19
----------------------------
----------------------------
SIGNATURE(S)
PLEASE SIGN EXACTLY AS YOUR
NAME OR NAMES APPEAR ON THIS
PROXY. WHEN SIGNING AS
ATTORNEY, TRUSTEE, EXECUTOR,
ADMINISTRATOR, CUSTODIAN,
GUARDIAN OR CORPORATE
OFFICER, PLEASE GIVE FULL
TITLE. IF SHARES ARE HELD
JOINTLY, EACH HOLDER SHOULD
SIGN.
<PAGE> 41
PROXY VAN KAMPEN AMERICAN CAPITAL PROXY
MASSACHUSETTS VALUE MUNICIPAL INCOME TRUST
MEETING OF SHAREHOLDERS TO BE HELD ON MAY 23, 1996
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of common shares of VAN KAMPEN AMERICAN CAPITAL
MASSACHUSETTS VALUE MUNICIPAL INCOME TRUST (the "Fund"), a Massachusetts
business trust, hereby appoints Ronald A. Nyberg and Edward C. Wood III, and
each of them, with full power of substitution and revocation, as proxies to
represent the undersigned at the Meeting of Shareholders to be held at the
offices of the Fund, One Parkview Plaza, Oakbrook Terrace, Illinois 60181 on May
23, 1996 at 2:00 p.m., and at any and all adjournments thereof (the "Meeting"),
and thereat to vote all common shares of the Fund which the undersigned would be
entitled to vote, with all powers the undersigned would possess if personally
present, in accordance with the following instructions.
If more than one of the proxies, or their substitutes, are present at the
Meeting or any adjournment thereof, they jointly (or, if only one is present and
voting, then that one) shall have authority and may exercise all powers granted
hereby. This Proxy, when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS
PROXY WILL BE VOTED FOR EACH OF THE PROPOSALS DESCRIBED ABOVE AND IN THE
DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE
THE MEETING.
The undersigned hereby acknowledges receipt of the accompanying Notice of
Meeting and Proxy Statement for the Meeting to be held on May 23, 1996.
PLEASE VOTE, DATE AND SIGN ON OTHER SIDE AND RETURN PROMPTLY IN THE ENCLOSED
ENVELOPE.
Please sign this proxy exactly as your name appears on the books of the Fund.
Joint owners should each sign personally. Trustees and other fiduciaries should
indicate the capacity in which they sign, and where more than one name appears,
a majority must sign. If a corporation, this signature should be that of an
authorized officer who should state his or her title.
<TABLE>
<S> <C>
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ---------------------------------------------------- ----------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ---------------------------------------------------- ----------------------------------------------------
</TABLE>
/X/ PLEASE MARK VOTES
AS IN THIS EXAMPLE
<TABLE>
<CAPTION>
FOR ALL
FOR WITHHOLD EXCEPT
<S> <C> <C> <C>
1.) Authority to vote for the / / / / / /
election as Class III
Trustees the nominees named
below:
DON G. POWELL,
HUGO F. SONNENSCHEIN
To withhold authority to vote for any individual nominee, strike
a line through the nominee's name and mark the "For All Except"
box. Your shares will be voted for the remaining nominee(s).
Please be sure to sign and Date
date this Proxy.
Shareholder sign here Co-owner sign here
</TABLE>
<TABLE>
<CAPTION>
FOR AGAINST ABSTAIN
<S> <C> <C> <C>
2.) As to the proposal to ratify / / / / / /
the selection of KPMG Peat
Marwick LLP to act as the
independent auditors of the
Fund for the fiscal year ending
October 31, 1996.
3.) Upon any and all other business which may come before the
Meeting or any adjournment thereof.
VAN KAMPEN AMERICAN CAPITAL
MASSACHUSETTS VALUE
MUNICIPAL INCOME TRUST
Mark box at right if comments or address change have been / /
noted on the reverse side of this card.
RECORD DATE SHARES:
</TABLE>
<PAGE> 42
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
PROXY
VAN KAMPEN AMERICAN CAPITAL MASSACHUSETTS VALUE MUNICIPAL INCOME
TRUST
MEETING OF SHAREHOLDERS--MAY 23, 1996
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of preferred shares of VAN KAMPEN AMERICAN
CAPITAL MASSACHUSETTS VALUE MUNICIPAL INCOME TRUST (the "Fund"),
a Massachusetts business trust, hereby appoints Ronald A. Nyberg
and Edward C. Wood III, and each of them, with full power of
substitution and revocation, as proxies to represent the
undersigned at the Meeting of Shareholders to be held at the
offices of the Fund, One Parkview Plaza, Oakbrook Terrace,
Illinois 60181, on May 23, 1996, at 2:00 p.m. and at any and all
adjournments thereof (the "Meeting"), and thereat to vote all
preferred shares which the undersigned would be entitled to vote,
with all powers the undersigned would possess if personally
present, in accordance with the following instructions:
1. GRANTING / / WITHHOLDING / / authority to vote for the
election as Class III
Trustee the nominee named
below:
Theodore A. Myers
2. FOR / / AGAINST / / ABSTAIN / / as to the proposal to
ratify the selection
of KPMG Peat Marwick
LLP to act as the
independent auditors
of the Fund for the
fiscal year ending
October 31, 1996.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
(Continued from other side)
Account Number No. of Shares Proxy No.
3. Upon any and all other business which may come before the
Meeting or any adjournment thereof.
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting, then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED FOR EACH OF THE
PROPOSALS DESCRIBED ABOVE AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND PROXY STATEMENT FOR THE MEETING TO BE HELD
ON MAY 23, 1996.
DATED: , 19
----------------------------
----------------------------
SIGNATURE(S)
PLEASE SIGN EXACTLY AS YOUR
NAME OR NAMES APPEAR ON THIS
PROXY. WHEN SIGNING AS
ATTORNEY, TRUSTEE, EXECUTOR,
ADMINISTRATOR, CUSTODIAN,
GUARDIAN OR CORPORATE
OFFICER, PLEASE GIVE FULL
TITLE. IF SHARES ARE HELD
JOINTLY, EACH HOLDER SHOULD
SIGN.
<PAGE> 43
PROXY VAN KAMPEN AMERICAN CAPITAL PROXY
NEW JERSEY VALUE MUNICIPAL INCOME TRUST
MEETING OF SHAREHOLDERS TO BE HELD ON MAY 23, 1996
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of common shares of VAN KAMPEN AMERICAN CAPITAL NEW
JERSEY VALUE MUNICIPAL INCOME TRUST (the "Fund"), a Massachusetts business
trust, hereby appoints Ronald A. Nyberg and Edward C. Wood III, and each of
them, with full power of substitution and revocation, as proxies to represent
the undersigned at the Meeting of Shareholders to be held at the offices of the
Fund, One Parkview Plaza, Oakbrook Terrace, Illinois 60181 on May 23, 1996 at
2:00 p.m., and at any and all adjournments thereof (the "Meeting"), and thereat
to vote all common shares of the Fund which the undersigned would be entitled to
vote, with all powers the undersigned would possess if personally present, in
accordance with the following instructions.
If more than one of the proxies, or their substitutes, are present at the
Meeting or any adjournment thereof, they jointly (or, if only one is present and
voting, then that one) shall have authority and may exercise all powers granted
hereby. This Proxy, when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS
PROXY WILL BE VOTED FOR EACH OF THE PROPOSALS DESCRIBED ABOVE AND IN THE
DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE
THE MEETING.
The undersigned hereby acknowledges receipt of the accompanying Notice of
Meeting and Proxy Statement for the Meeting to be held on May 23, 1996.
PLEASE VOTE, DATE AND SIGN ON OTHER SIDE AND RETURN PROMPTLY IN THE ENCLOSED
ENVELOPE.
Please sign this proxy exactly as your name appears on the books of the Fund.
Joint owners should each sign personally. Trustees and other fiduciaries should
indicate the capacity in which they sign, and where more than one name appears,
a majority must sign. If a corporation, this signature should be that of an
authorized officer who should state his or her title.
<TABLE>
<S> <C>
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ---------------------------------------------------- ----------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ---------------------------------------------------- ----------------------------------------------------
</TABLE>
/X/ PLEASE MARK VOTES
AS IN THIS EXAMPLE
<TABLE>
<CAPTION>
FOR ALL
FOR WITHHOLD EXCEPT
<S> <C> <C> <C>
1.) Authority to vote for the / / / / / /
election as Class III
Trustees the nominees named
below:
DON G. POWELL,
HUGO F. SONNENSCHEIN
To withhold authority to vote for any individual nominee, strike
a line through the nominee's name and mark the "For All Except"
box. Your shares will be voted for the remaining nominee(s).
Please be sure to sign and Date
date this Proxy.
Shareholder sign here Co-owner sign here
</TABLE>
<TABLE>
<CAPTION>
FOR AGAINST ABSTAIN
<S> <C> <C> <C>
2.) As to the proposal to ratify / / / / / /
the selection of KPMG Peat
Marwick LLP to act as the
independent auditors of the
Fund for the fiscal year ending
October 31, 1996.
3.) Upon any and all other business which may come before the
Meeting or any adjournment thereof.
VAN KAMPEN AMERICAN CAPITAL
NEW JERSEY VALUE MUNICIPAL
INCOME TRUST
Mark box at right if comments or address change have been / /
noted on the reverse side of this card.
RECORD DATE SHARES:
</TABLE>
<PAGE> 44
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
PROXY
VAN KAMPEN AMERICAN CAPITAL NEW JERSEY VALUE MUNICIPAL INCOME
TRUST
MEETING OF SHAREHOLDERS--MAY 23, 1996
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of preferred shares of VAN KAMPEN AMERICAN
CAPITAL NEW JERSEY VALUE MUNICIPAL INCOME TRUST (the "Fund"), a
Massachusetts business trust, hereby appoints Ronald A. Nyberg
and Edward C. Wood III, and each of them, with full power of
substitution and revocation, as proxies to represent the
undersigned at the Meeting of Shareholders to be held at the
offices of the Fund, One Parkview Plaza, Oakbrook Terrace,
Illinois 60181, on May 23, 1996, at 2:00 p.m. and at any and all
adjournments thereof (the "Meeting"), and thereat to vote all
preferred shares which the undersigned would be entitled to vote,
with all powers the undersigned would possess if personally
present, in accordance with the following instructions:
1. GRANTING / / WITHHOLDING / / authority to vote for the
election as Class III
Trustee the nominee named
below:
Theodore A. Myers
2. FOR / / AGAINST / / ABSTAIN / / as to the proposal to
ratify the selection
of KPMG Peat Marwick
LLP to act as the
independent auditors
of the Fund for the
fiscal year ending
October 31, 1996.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
(Continued from other side)
Account Number No. of Shares Proxy No.
3. Upon any and all other business which may come before the
Meeting or any adjournment thereof.
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting, then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED FOR EACH OF THE
PROPOSALS DESCRIBED ABOVE AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND PROXY STATEMENT FOR THE MEETING TO BE HELD
ON MAY 23, 1996.
DATED: , 19
----------------------------
----------------------------
SIGNATURE(S)
PLEASE SIGN EXACTLY AS YOUR
NAME OR NAMES APPEAR ON THIS
PROXY. WHEN SIGNING AS
ATTORNEY, TRUSTEE, EXECUTOR,
ADMINISTRATOR, CUSTODIAN,
GUARDIAN OR CORPORATE
OFFICER, PLEASE GIVE FULL
TITLE. IF SHARES ARE HELD
JOINTLY, EACH HOLDER SHOULD
SIGN.
<PAGE> 45
PROXY VAN KAMPEN AMERICAN CAPITAL PROXY
NEW YORK VALUE MUNICIPAL INCOME TRUST
MEETING OF SHAREHOLDERS TO BE HELD ON MAY 23, 1996
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of common shares of VAN KAMPEN AMERICAN CAPITAL NEW YORK
VALUE MUNICIPAL INCOME TRUST (the "Fund"), a Massachusetts business trust,
hereby appoints Ronald A. Nyberg and Edward C. Wood III, and each of them, with
full power of substitution and revocation, as proxies to represent the
undersigned at the Meeting of Shareholders to be held at the offices of the
Fund, One Parkview Plaza, Oakbrook Terrace, Illinois 60181 on May 23, 1996 at
2:00 p.m., and at any and all adjournments thereof (the "Meeting"), and thereat
to vote all common shares of the Fund which the undersigned would be entitled to
vote, with all powers the undersigned would possess if personally present, in
accordance with the following instructions.
If more than one of the proxies, or their substitutes, are present at the
Meeting or any adjournment thereof, they jointly (or, if only one is present and
voting, then that one) shall have authority and may exercise all powers granted
hereby. This Proxy, when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS
PROXY WILL BE VOTED FOR EACH OF THE PROPOSALS DESCRIBED ABOVE AND IN THE
DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE
THE MEETING.
The undersigned hereby acknowledges receipt of the accompanying Notice of
Meeting and Proxy Statement for the Meeting to be held on May 23, 1996.
PLEASE VOTE, DATE AND SIGN ON OTHER SIDE AND RETURN PROMPTLY IN THE ENCLOSED
ENVELOPE.
Please sign this proxy exactly as your name appears on the books of the Fund.
Joint owners should each sign personally. Trustees and other fiduciaries should
indicate the capacity in which they sign, and where more than one name appears,
a majority must sign. If a corporation, this signature should be that of an
authorized officer who should state his or her title.
<TABLE>
<S> <C>
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ---------------------------------------------------- ----------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ---------------------------------------------------- ----------------------------------------------------
</TABLE>
/X/ PLEASE MARK VOTES
AS IN THIS EXAMPLE
<TABLE>
<CAPTION>
FOR ALL
FOR WITHHOLD EXCEPT
<S> <C> <C> <C>
1.) Authority to vote for the / / / / / /
election as Class III
Trustees the nominees named
below:
DON G. POWELL,
HUGO F. SONNENSCHEIN
To withhold authority to vote for any individual nominee, strike
a line through the nominee's name and mark the "For All Except"
box. Your shares will be voted for the remaining nominee(s).
Please be sure to sign and Date
date this Proxy.
Shareholder sign here Co-owner sign here
</TABLE>
<TABLE>
<CAPTION>
FOR AGAINST ABSTAIN
<S> <C> <C> <C>
2.) As to the proposal to ratify / / / / / /
the selection of KPMG Peat
Marwick LLP to act as the
independent auditors of the
Fund for the fiscal year ending
October 31, 1996.
3.) Upon any and all other business which may come before the
Meeting or any adjournment thereof.
VAN KAMPEN AMERICAN CAPITAL
NEW YORK VALUE
MUNICIPAL INCOME TRUST
Mark box at right if comments or address change have been / /
noted on the reverse side of this card.
RECORD DATE SHARES:
</TABLE>
<PAGE> 46
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
PROXY
VAN KAMPEN AMERICAN CAPITAL NEW YORK VALUE MUNICIPAL INCOME TRUST
MEETING OF SHAREHOLDERS--MAY 23, 1996
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of preferred shares of VAN KAMPEN AMERICAN
CAPITAL NEW YORK VALUE MUNICIPAL INCOME TRUST (the "Fund"), a
Massachusetts business trust, hereby appoints Ronald A. Nyberg
and Edward C. Wood III, and each of them, with full power of
substitution and revocation, as proxies to represent the
undersigned at the Meeting of Shareholders to be held at the
offices of the Fund, One Parkview Plaza, Oakbrook Terrace,
Illinois 60181, on May 23, 1996, at 2:00 p.m. and at any and all
adjournments thereof (the "Meeting"), and thereat to vote all
preferred shares which the undersigned would be entitled to vote,
with all powers the undersigned would possess if personally
present, in accordance with the following instructions:
1. GRANTING / / WITHHOLDING / / authority to vote for the
election as Class III
Trustee the nominee named
below:
Theodore A. Myers
2. FOR / / AGAINST / / ABSTAIN / / as to the proposal to
ratify the selection
of KPMG Peat Marwick
LLP to act as the
independent auditors
of the Fund for the
fiscal year ending
October 31, 1996.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
(Continued from other side)
Account Number No. of Shares Proxy No.
3. Upon any and all other business which may come before the
Meeting or any adjournment thereof.
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting, then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED FOR EACH OF THE
PROPOSALS DESCRIBED ABOVE AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND PROXY STATEMENT FOR THE MEETING TO BE HELD
ON MAY 23, 1996.
DATED: , 19
----------------------------
----------------------------
SIGNATURE(S)
PLEASE SIGN EXACTLY AS YOUR
NAME OR NAMES APPEAR ON THIS
PROXY. WHEN SIGNING AS
ATTORNEY, TRUSTEE, EXECUTOR,
ADMINISTRATOR, CUSTODIAN,
GUARDIAN OR CORPORATE
OFFICER, PLEASE GIVE FULL
TITLE. IF SHARES ARE HELD
JOINTLY, EACH HOLDER SHOULD
SIGN.
<PAGE> 47
PROXY VAN KAMPEN AMERICAN CAPITAL PROXY
OHIO VALUE MUNICIPAL INCOME TRUST
MEETING OF SHAREHOLDERS TO BE HELD ON MAY 23, 1996
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of common shares of VAN KAMPEN AMERICAN CAPITAL OHIO
VALUE MUNICIPAL INCOME TRUST (the "Fund"), a Massachusetts business trust,
hereby appoints Ronald A. Nyberg and Edward C. Wood III, and each of them, with
full power of substitution and revocation, as proxies to represent the
undersigned at the Meeting of Shareholders to be held at the offices of the
Fund, One Parkview Plaza, Oakbrook Terrace, Illinois 60181 on May 23, 1996 at
2:00 p.m., and at any and all adjournments thereof (the "Meeting"), and thereat
to vote all common shares of the Fund which the undersigned would be entitled to
vote, with all powers the undersigned would possess if personally present, in
accordance with the following instructions.
If more than one of the proxies, or their substitutes, are present at the
Meeting or any adjournment thereof, they jointly (or, if only one is present and
voting, then that one) shall have authority and may exercise all powers granted
hereby. This Proxy, when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS
PROXY WILL BE VOTED FOR EACH OF THE PROPOSALS DESCRIBED ABOVE AND IN THE
DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE
THE MEETING.
The undersigned hereby acknowledges receipt of the accompanying Notice of
Meeting and Proxy Statement for the Meeting to be held on May 23, 1996.
PLEASE VOTE, DATE AND SIGN ON OTHER SIDE AND RETURN PROMPTLY IN THE ENCLOSED
ENVELOPE.
Please sign this proxy exactly as your name appears on the books of the Fund.
Joint owners should each sign personally. Trustees and other fiduciaries should
indicate the capacity in which they sign, and where more than one name appears,
a majority must sign. If a corporation, this signature should be that of an
authorized officer who should state his or her title.
<TABLE>
<S> <C>
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ---------------------------------------------------- ----------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ---------------------------------------------------- ----------------------------------------------------
</TABLE>
/X/ PLEASE MARK VOTES
AS IN THIS EXAMPLE
<TABLE>
<CAPTION>
FOR ALL
FOR WITHHOLD EXCEPT
<S> <C> <C> <C>
1.) Authority to vote for the / / / / / /
election as Class III
Trustees the nominees named
below:
DON G. POWELL,
HUGO F. SONNENSCHEIN
To withhold authority to vote for any individual nominee, strike
a line through the nominee's name and mark the "For All Except"
box. Your shares will be voted for the remaining nominee(s).
Please be sure to sign and Date
date this Proxy.
Shareholder sign here Co-owner sign here
</TABLE>
<TABLE>
<CAPTION>
FOR AGAINST ABSTAIN
<S> <C> <C> <C>
2.) As to the proposal to ratify / / / / / /
the selection of KPMG Peat
Marwick LLP to act as the
independent auditors of the
Fund for the fiscal year ending
October 31, 1996.
3.) Upon any and all other business which may come before the
Meeting or any adjournment thereof.
VAN KAMPEN AMERICAN CAPITAL
OHIO VALUE MUNICIPAL INCOME TRUST
Mark box at right if comments or address change have been / /
noted on the reverse side of this card.
RECORD DATE SHARES:
</TABLE>
<PAGE> 48
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
PROXY
VAN KAMPEN AMERICAN CAPITAL OHIO VALUE MUNICIPAL INCOME TRUST
MEETING OF SHAREHOLDERS--MAY 23, 1996
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of preferred shares of VAN KAMPEN AMERICAN
CAPITAL OHIO VALUE MUNICIPAL INCOME TRUST (the "Fund"), a
Massachusetts business trust, hereby appoints Ronald A. Nyberg
and Edward C. Wood III, and each of them, with full power of
substitution and revocation, as proxies to represent the
undersigned at the Meeting of Shareholders to be held at the
offices of the Fund, One Parkview Plaza, Oakbrook Terrace,
Illinois 60181, on May 23, 1996, at 2:00 p.m. and at any and all
adjournments thereof (the "Meeting"), and thereat to vote all
preferred shares which the undersigned would be entitled to vote,
with all powers the undersigned would possess if personally
present, in accordance with the following instructions:
1. GRANTING / / WITHHOLDING / / authority to vote for the
election as Class III
Trustee the nominee named
below:
Theodore A. Myers
2. FOR / / AGAINST / / ABSTAIN / / as to the proposal to
ratify the selection
of KPMG Peat Marwick
LLP to act as the
independent auditors
of the Fund for the
fiscal year ending
October 31, 1996.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
(Continued from other side)
Account Number No. of Shares Proxy No.
3. Upon any and all other business which may come before the
Meeting or any adjournment thereof.
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting, then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED FOR EACH OF THE
PROPOSALS DESCRIBED ABOVE AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND PROXY STATEMENT FOR THE MEETING TO BE HELD
ON MAY 23, 1996.
DATED: , 19
----------------------------
----------------------------
SIGNATURE(S)
PLEASE SIGN EXACTLY AS YOUR
NAME OR NAMES APPEAR ON THIS
PROXY. WHEN SIGNING AS
ATTORNEY, TRUSTEE, EXECUTOR,
ADMINISTRATOR, CUSTODIAN,
GUARDIAN OR CORPORATE
OFFICER, PLEASE GIVE FULL
TITLE. IF SHARES ARE HELD
JOINTLY, EACH HOLDER SHOULD
SIGN.
<PAGE> 49
PROXY VAN KAMPEN AMERICAN CAPITAL PROXY
PENNSYLVANIA VALUE MUNICIPAL INCOME TRUST
MEETING OF SHAREHOLDERS TO BE HELD ON MAY 23, 1996
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of common shares of VAN KAMPEN AMERICAN CAPITAL
PENNSYLVANIA VALUE MUNICIPAL INCOME TRUST (the "Fund"), a Pennsylvania trust,
hereby appoints Ronald A. Nyberg and Edward C. Wood III, and each of them, with
full power of substitution and revocation, as proxies to represent the
undersigned at the Meeting of Shareholders to be held at the offices of the
Fund, One Parkview Plaza, Oakbrook Terrace, Illinois 60181 on May 23, 1996 at
2:00 p.m., and at any and all adjournments thereof (the "Meeting"), and thereat
to vote all common shares of the Fund which the undersigned would be entitled to
vote, with all powers the undersigned would possess if personally present, in
accordance with the following instructions.
If more than one of the proxies, or their substitutes, are present at the
Meeting or any adjournment thereof, they jointly (or, if only one is present and
voting, then that one) shall have authority and may exercise all powers granted
hereby. This Proxy, when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS
PROXY WILL BE VOTED FOR EACH OF THE PROPOSALS DESCRIBED ABOVE AND IN THE
DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE
THE MEETING.
The undersigned hereby acknowledges receipt of the accompanying Notice of
Meeting and Proxy Statement for the Meeting to be held on May 23, 1996.
PLEASE VOTE, DATE AND SIGN ON OTHER SIDE AND RETURN PROMPTLY IN THE ENCLOSED
ENVELOPE.
Please sign this proxy exactly as your name appears on the books of the Fund.
Joint owners should each sign personally. Trustees and other fiduciaries should
indicate the capacity in which they sign, and where more than one name appears,
a majority must sign. If a corporation, this signature should be that of an
authorized officer who should state his or her title.
<TABLE>
<S> <C>
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ---------------------------------------------------- ----------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ---------------------------------------------------- ----------------------------------------------------
</TABLE>
/X/ PLEASE MARK VOTES
AS IN THIS EXAMPLE
<TABLE>
<CAPTION>
FOR ALL
FOR WITHHOLD EXCEPT
<S> <C> <C> <C>
1.) Authority to vote for the / / / / / /
election as Class III
Trustees the nominees named
below:
DON G. POWELL,
HUGO F. SONNENSCHEIN
To withhold authority to vote for any individual nominee, strike
a line through the nominee's name and mark the "For All Except"
box. Your shares will be voted for the remaining nominee(s).
Please be sure to sign and Date
date this Proxy.
Shareholder sign here Co-owner sign here
</TABLE>
<TABLE>
<CAPTION>
FOR AGAINST ABSTAIN
<S> <C> <C> <C>
2.) As to the proposal to ratify / / / / / /
the selection of KPMG Peat
Marwick LLP to act as the
independent auditors of the
Fund for the fiscal year ending
October 31, 1996.
3.) Upon any and all other business which may come before the
Meeting or any adjournment thereof.
VAN KAMPEN AMERICAN CAPITAL
PENNSYLVANIA VALUE
MUNICIPAL INCOME TRUST
Mark box at right if comments or address change have been / /
noted on the reverse side of this card.
RECORD DATE SHARES:
</TABLE>
<PAGE> 50
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
PROXY
VAN KAMPEN AMERICAN CAPITAL PENNSYLVANIA VALUE MUNICIPAL INCOME
TRUST
MEETING OF SHAREHOLDERS--MAY 23, 1996
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of preferred shares of VAN KAMPEN AMERICAN
CAPITAL PENNSYLVANIA VALUE MUNICIPAL INCOME TRUST (the "Fund"), a
Pennsylvania trust, hereby appoints Ronald A. Nyberg and Edward
C. Wood III, and each of them, with full power of substitution
and revocation, as proxies to represent the undersigned at the
Meeting of Shareholders to be held at the offices of the Fund,
One Parkview Plaza, Oakbrook Terrace, Illinois 60181, on May 23,
1996, at 2:00 p.m. and at any and all adjournments thereof (the
"Meeting"), and thereat to vote all preferred shares which the
undersigned would be entitled to vote, with all powers the
undersigned would possess if personally present, in accordance
with the following instructions:
1. GRANTING / / WITHHOLDING / / authority to vote for the
election as Class III
Trustee the nominee named
below:
Theodore A. Myers
2. FOR / / AGAINST / / ABSTAIN / / as to the proposal to
ratify the selection
of KPMG Peat Marwick
LLP to act as the
independent auditors
of the Fund for the
fiscal year ending
October 31, 1996.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
(Continued from other side)
Account Number No. of Shares Proxy No.
3. Upon any and all other business which may come before the
Meeting or any adjournment thereof.
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting, then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED FOR EACH OF THE
PROPOSALS DESCRIBED ABOVE AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND PROXY STATEMENT FOR THE MEETING TO BE HELD
ON MAY 23, 1996.
DATED: , 19
----------------------------
----------------------------
SIGNATURE(S)
PLEASE SIGN EXACTLY AS YOUR
NAME OR NAMES APPEAR ON THIS
PROXY. WHEN SIGNING AS
ATTORNEY, TRUSTEE, EXECUTOR,
ADMINISTRATOR, CUSTODIAN,
GUARDIAN OR CORPORATE
OFFICER, PLEASE GIVE FULL
TITLE. IF SHARES ARE HELD
JOINTLY, EACH HOLDER SHOULD
SIGN.
<PAGE> 51
PROXY VAN KAMPEN AMERICAN CAPITAL PROXY
STRATEGIC SECTOR MUNICIPAL TRUST
MEETING OF SHAREHOLDERS TO BE HELD ON MAY 23, 1996
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of common shares of VAN KAMPEN AMERICAN CAPITAL STRATEGIC
SECTOR MUNICIPAL TRUST (the "Fund"), a Massachusetts business trust, hereby
appoints Ronald A. Nyberg and Edward C. Wood III, and each of them, with full
power of substitution and revocation, as proxies to represent the undersigned at
the Meeting of Shareholders to be held at the offices of the Fund, One Parkview
Plaza, Oakbrook Terrace, Illinois 60181 on May 23, 1996 at 2:00 p.m., and at any
and all adjournments thereof (the "Meeting"), and thereat to vote all common
shares of the Fund which the undersigned would be entitled to vote, with all
powers the undersigned would possess if personally present, in accordance with
the following instructions.
If more than one of the proxies, or their substitutes, are present at the
Meeting or any adjournment thereof, they jointly (or, if only one is present and
voting, then that one) shall have authority and may exercise all powers granted
hereby. This Proxy, when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS
PROXY WILL BE VOTED FOR EACH OF THE PROPOSALS DESCRIBED ABOVE AND IN THE
DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE
THE MEETING.
The undersigned hereby acknowledges receipt of the accompanying Notice of
Meeting and Proxy Statement for the Meeting to be held on May 23, 1996.
PLEASE VOTE, DATE AND SIGN ON OTHER SIDE AND RETURN PROMPTLY IN THE ENCLOSED
ENVELOPE.
Please sign this proxy exactly as your name appears on the books of the Fund.
Joint owners should each sign personally. Trustees and other fiduciaries should
indicate the capacity in which they sign, and where more than one name appears,
a majority must sign. If a corporation, this signature should be that of an
authorized officer who should state his or her title.
<TABLE>
<S> <C>
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ---------------------------------------------------- ----------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ---------------------------------------------------- ----------------------------------------------------
</TABLE>
/X/ PLEASE MARK VOTES
AS IN THIS EXAMPLE
<TABLE>
<CAPTION>
FOR ALL
FOR WITHHOLD EXCEPT
<S> <C> <C> <C>
1.) Authority to vote for the / / / / / /
election as Class III
Trustees the nominees named
below:
DON G. POWELL,
HUGO F. SONNENSCHEIN
To withhold authority to vote for any individual nominee, strike
a line through the nominee's name and mark the "For All Except"
box. Your shares will be voted for the remaining nominee(s).
Please be sure to sign and Date
date this Proxy.
Shareholder sign here Co-owner sign here
</TABLE>
<TABLE>
<CAPTION>
FOR AGAINST ABSTAIN
<S> <C> <C> <C>
2.) As to the proposal to ratify / / / / / /
the selection of KPMG Peat
Marwick LLP to act as the
independent auditors of the
Fund for the fiscal year ending
October 31, 1996.
3.) Upon any and all other business which may come before the
Meeting or any adjournment thereof.
VAN KAMPEN AMERICAN CAPITAL
STRATEGIC SECTOR MUNICIPAL TRUST
Mark box at right if comments or address change have been / /
noted on the reverse side of this card.
RECORD DATE SHARES:
</TABLE>
<PAGE> 52
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
PROXY
VAN KAMPEN AMERICAN CAPITAL STRATEGIC SECTOR MUNICIPAL TRUST
MEETING OF SHAREHOLDERS--MAY 23, 1996
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of preferred shares of VAN KAMPEN AMERICAN
CAPITAL STRATEGIC SECTOR MUNICIPAL TRUST (the "Fund"), a
Massachusetts business trust, hereby appoints Ronald A. Nyberg
and Edward C. Wood III, and each of them, with full power of
substitution and revocation, as proxies to represent the
undersigned at the Meeting of Shareholders to be held at the
offices of the Fund, One Parkview Plaza, Oakbrook Terrace,
Illinois 60181, on May 23, 1996, at 2:00 p.m. and at any and all
adjournments thereof (the "Meeting"), and thereat to vote all
preferred shares which the undersigned would be entitled to vote,
with all powers the undersigned would possess if personally
present, in accordance with the following instructions:
1. GRANTING / / WITHHOLDING / / authority to vote for the
election as Class III
Trustee the nominee named
below:
Theodore A. Myers
2. FOR / / AGAINST / / ABSTAIN / / as to the proposal to
ratify the selection
of KPMG Peat Marwick
LLP to act as the
independent auditors
of the Fund for the
fiscal year ending
October 31, 1996.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
(Continued from other side)
Account Number No. of Shares Proxy No.
3. Upon any and all other business which may come before the
Meeting or any adjournment thereof.
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting, then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED FOR EACH OF THE
PROPOSALS DESCRIBED ABOVE AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND PROXY STATEMENT FOR THE MEETING TO BE HELD
ON MAY 23, 1996.
DATED: , 19
----------------------------
----------------------------
SIGNATURE(S)
PLEASE SIGN EXACTLY AS YOUR
NAME OR NAMES APPEAR ON THIS
PROXY. WHEN SIGNING AS
ATTORNEY, TRUSTEE, EXECUTOR,
ADMINISTRATOR, CUSTODIAN,
GUARDIAN OR CORPORATE
OFFICER, PLEASE GIVE FULL
TITLE. IF SHARES ARE HELD
JOINTLY, EACH HOLDER SHOULD
SIGN.
<PAGE> 53
PROXY VAN KAMPEN AMERICAN CAPITAL PROXY
MUNICIPAL OPPORTUNITY TRUST II
MEETING OF SHAREHOLDERS TO BE HELD ON MAY 23, 1996
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of common shares of VAN KAMPEN AMERICAN CAPITAL MUNICIPAL
OPPORTUNITY TRUST II (the "Fund"), a Massachusetts business trust, hereby
appoints Ronald A. Nyberg and Edward C. Wood III, and each of them, with full
power of substitution and revocation, as proxies to represent the undersigned at
the Meeting of Shareholders to be held at the offices of the Fund, One Parkview
Plaza, Oakbrook Terrace, Illinois 60181 on May 23, 1996 at 2:00 p.m., and at any
and all adjournments thereof (the "Meeting"), and thereat to vote all common
shares of the Fund which the undersigned would be entitled to vote, with all
powers the undersigned would possess if personally present, in accordance with
the following instructions.
If more than one of the proxies, or their substitutes, are present at the
Meeting or any adjournment thereof, they jointly (or, if only one is present and
voting, then that one) shall have authority and may exercise all powers granted
hereby. This Proxy, when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS
PROXY WILL BE VOTED FOR EACH OF THE PROPOSALS DESCRIBED ABOVE AND IN THE
DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE
THE MEETING.
The undersigned hereby acknowledges receipt of the accompanying Notice of
Meeting and Proxy Statement for the Meeting to be held on May 23, 1996.
PLEASE VOTE, DATE AND SIGN ON OTHER SIDE AND RETURN PROMPTLY IN THE ENCLOSED
ENVELOPE.
Please sign this proxy exactly as your name appears on the books of the Fund.
Joint owners should each sign personally. Trustees and other fiduciaries should
indicate the capacity in which they sign, and where more than one name appears,
a majority must sign. If a corporation, this signature should be that of an
authorized officer who should state his or her title.
<TABLE>
<S> <C>
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ---------------------------------------------------- ----------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ---------------------------------------------------- ----------------------------------------------------
</TABLE>
/X/ PLEASE MARK VOTES
AS IN THIS EXAMPLE
<TABLE>
<CAPTION>
FOR ALL
FOR WITHHOLD EXCEPT
<S> <C> <C> <C>
1.) Authority to vote for the / / / / / /
election as Class III
Trustees the nominees named
below:
DON G. POWELL,
HUGO F. SONNENSCHEIN
To withhold authority to vote for any individual nominee, strike
a line through the nominee's name and mark the "For All Except"
box. Your shares will be voted for the remaining nominee(s).
Please be sure to sign and Date
date this Proxy.
Shareholder sign here Co-owner sign here
</TABLE>
<TABLE>
<CAPTION>
FOR AGAINST ABSTAIN
<S> <C> <C> <C>
2.) As to the proposal to ratify / / / / / /
the selection of KPMG Peat
Marwick LLP to act as the
independent auditors of the
Fund for the fiscal year ending
October 31, 1996.
3.) Upon any and all other business which may come before the
Meeting or any adjournment thereof.
VAN KAMPEN AMERICAN CAPITAL
MUNICIPAL OPPORTUNITY TRUST II
Mark box at right if comments or address change have been / /
noted on the reverse side of this card.
RECORD DATE SHARES:
</TABLE>
<PAGE> 54
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
PROXY
VAN KAMPEN AMERICAN CAPITAL MUNICIPAL OPPORTUNITY TRUST II
MEETING OF SHAREHOLDERS--MAY 23, 1996
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of preferred shares of VAN KAMPEN AMERICAN
CAPITAL MUNICIPAL OPPORTUNITY TRUST II (the "Fund"), a
Massachusetts business trust, hereby appoints Ronald A. Nyberg
and Edward C. Wood III, and each of them, with full power of
substitution and revocation, as proxies to represent the
undersigned at the Meeting of Shareholders to be held at the
offices of the Fund, One Parkview Plaza, Oakbrook Terrace,
Illinois 60181, on May 23, 1996, at 2:00 p.m. and at any and all
adjournments thereof (the "Meeting"), and thereat to vote all
preferred shares which the undersigned would be entitled to vote,
with all powers the undersigned would possess if personally
present, in accordance with the following instructions:
1. GRANTING / / WITHHOLDING / / authority to vote for the
election as Class III
Trustee the nominee named
below:
Theodore A. Myers
2. FOR / / AGAINST / / ABSTAIN / / as to the proposal to
ratify the selection
of KPMG Peat Marwick
LLP to act as the
independent auditors
of the Fund for the
fiscal year ending
October 31, 1996.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
(Continued from other side)
Account Number No. of Shares Proxy No.
3. Upon any and all other business which may come before the
Meeting or any adjournment thereof.
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting, then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED FOR EACH OF THE
PROPOSALS DESCRIBED ABOVE AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND PROXY STATEMENT FOR THE MEETING TO BE HELD
ON MAY 23, 1996.
DATED: , 19
----------------------------
----------------------------
SIGNATURE(S)
PLEASE SIGN EXACTLY AS YOUR
NAME OR NAMES APPEAR ON THIS
PROXY. WHEN SIGNING AS
ATTORNEY, TRUSTEE, EXECUTOR,
ADMINISTRATOR, CUSTODIAN,
GUARDIAN OR CORPORATE
OFFICER, PLEASE GIVE FULL
TITLE. IF SHARES ARE HELD
JOINTLY, EACH HOLDER SHOULD
SIGN.
<PAGE> 55
PROXY VAN KAMPEN AMERICAN CAPITAL PROXY
ADVANTAGE MUNICIPAL INCOME TRUST II
MEETING OF SHAREHOLDERS TO BE HELD ON MAY 23, 1996
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of common shares of VAN KAMPEN AMERICAN CAPITAL ADVANTAGE
MUNICIPAL INCOME TRUST II (the "Fund"), a Massachusetts business trust, hereby
appoints Ronald A. Nyberg and Edward C. Wood III, and each of them, with full
power of substitution and revocation, as proxies to represent the undersigned at
the Meeting of Shareholders to be held at the offices of the Fund, One Parkview
Plaza, Oakbrook Terrace, Illinois 60181 on May 23, 1996 at 2:00 p.m., and at any
and all adjournments thereof (the "Meeting"), and thereat to vote all common
shares of the Fund which the undersigned would be entitled to vote, with all
powers the undersigned would possess if personally present, in accordance with
the following instructions.
If more than one of the proxies, or their substitutes, are present at the
Meeting or any adjournment thereof, they jointly (or, if only one is present and
voting, then that one) shall have authority and may exercise all powers granted
hereby. This Proxy, when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS
PROXY WILL BE VOTED FOR EACH OF THE PROPOSALS DESCRIBED ABOVE AND IN THE
DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE
THE MEETING.
The undersigned hereby acknowledges receipt of the accompanying Notice of
Meeting and Proxy Statement for the Meeting to be held on May 23, 1996.
PLEASE VOTE, DATE AND SIGN ON OTHER SIDE AND RETURN PROMPTLY IN THE ENCLOSED
ENVELOPE.
Please sign this proxy exactly as your name appears on the books of the Fund.
Joint owners should each sign personally. Trustees and other fiduciaries should
indicate the capacity in which they sign, and where more than one name appears,
a majority must sign. If a corporation, this signature should be that of an
authorized officer who should state his or her title.
<TABLE>
<S> <C>
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ---------------------------------------------------- ----------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ---------------------------------------------------- ----------------------------------------------------
</TABLE>
/X/ PLEASE MARK VOTES
AS IN THIS EXAMPLE
<TABLE>
<CAPTION>
FOR ALL
FOR WITHHOLD EXCEPT
<S> <C> <C> <C>
1.) Authority to vote for the / / / / / /
election as Class III
Trustees the nominees named
below:
DON G. POWELL,
HUGO F. SONNENSCHEIN
To withhold authority to vote for any individual nominee, strike
a line through the nominee's name and mark the "For All Except"
box. Your shares will be voted for the remaining nominee(s).
Please be sure to sign and Date
date this Proxy.
Shareholder sign here Co-owner sign here
</TABLE>
<TABLE>
<CAPTION>
FOR AGAINST ABSTAIN
<S> <C> <C> <C>
2.) As to the proposal to ratify / / / / / /
the selection of KPMG Peat
Marwick LLP to act as the
independent auditors of the
Fund for the fiscal year ending
October 31, 1996.
3.) Upon any and all other business which may come before the
Meeting or any adjournment thereof.
VAN KAMPEN AMERICAN CAPITAL
ADVANTAGE MUNICIPAL
INCOME TRUST II
Mark box at right if comments or address change have been / /
noted on the reverse side of this card.
RECORD DATE SHARES:
</TABLE>
<PAGE> 56
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
PROXY
VAN KAMPEN AMERICAN CAPITAL ADVANTAGE MUNICIPAL INCOME TRUST II
MEETING OF SHAREHOLDERS--MAY 23, 1996
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of preferred shares of VAN KAMPEN AMERICAN
CAPITAL ADVANTAGE MUNICIPAL INCOME TRUST II (the "Fund"), a
Massachusetts business trust, hereby appoints Ronald A. Nyberg
and Edward C. Wood III, and each of them, with full power of
substitution and revocation, as proxies to represent the
undersigned at the Meeting of Shareholders to be held at the
offices of the Fund, One Parkview Plaza, Oakbrook Terrace,
Illinois 60181, on May 23, 1996, at 2:00 p.m. and at any and all
adjournments thereof (the "Meeting"), and thereat to vote all
preferred shares which the undersigned would be entitled to vote,
with all powers the undersigned would possess if personally
present, in accordance with the following instructions:
1. GRANTING / / WITHHOLDING / / authority to vote for the
election as Class III
Trustee the nominee named
below:
Theodore A. Myers
2. FOR / / AGAINST / / ABSTAIN / / as to the proposal to
ratify the selection
of KPMG Peat Marwick
LLP to act as the
independent auditors
of the Fund for the
fiscal year ending
October 31, 1996.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
(Continued from other side)
Account Number No. of Shares Proxy No.
3. Upon any and all other business which may come before the
Meeting or any adjournment thereof.
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting, then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED FOR EACH OF THE
PROPOSALS DESCRIBED ABOVE AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND PROXY STATEMENT FOR THE MEETING TO BE HELD
ON MAY 23, 1996.
DATED: , 19
----------------------------
----------------------------
SIGNATURE(S)
PLEASE SIGN EXACTLY AS YOUR
NAME OR NAMES APPEAR ON THIS
PROXY. WHEN SIGNING AS
ATTORNEY, TRUSTEE, EXECUTOR,
ADMINISTRATOR, CUSTODIAN,
GUARDIAN OR CORPORATE
OFFICER, PLEASE GIVE FULL
TITLE. IF SHARES ARE HELD
JOINTLY, EACH HOLDER SHOULD
SIGN.
<PAGE> 57
PROXY VAN KAMPEN AMERICAN CAPITAL PROXY
FLORIDA MUNICIPAL OPPORTUNITY TRUST
MEETING OF SHAREHOLDERS TO BE HELD ON MAY 23, 1996
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of common shares of VAN KAMPEN AMERICAN CAPITAL FLORIDA
MUNICIPAL OPPORTUNITY TRUST (the "Fund"), a Massachusetts business trust, hereby
appoints Ronald A. Nyberg and Edward C. Wood III, and each of them, with full
power of substitution and revocation, as proxies to represent the undersigned at
the Meeting of Shareholders to be held at the offices of the Fund, One Parkview
Plaza, Oakbrook Terrace, Illinois 60181 on May 23, 1996 at 2:00 p.m., and at any
and all adjournments thereof (the "Meeting"), and thereat to vote all common
shares of the Fund which the undersigned would be entitled to vote, with all
powers the undersigned would possess if personally present, in accordance with
the following instructions.
If more than one of the proxies, or their substitutes, are present at the
Meeting or any adjournment thereof, they jointly (or, if only one is present and
voting, then that one) shall have authority and may exercise all powers granted
hereby. This Proxy, when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS
PROXY WILL BE VOTED FOR EACH OF THE PROPOSALS DESCRIBED ABOVE AND IN THE
DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE
THE MEETING.
The undersigned hereby acknowledges receipt of the accompanying Notice of
Meeting and Proxy Statement for the Meeting to be held on May 23, 1996.
PLEASE VOTE, DATE AND SIGN ON OTHER SIDE AND RETURN PROMPTLY IN THE ENCLOSED
ENVELOPE.
Please sign this proxy exactly as your name appears on the books of the Fund.
Joint owners should each sign personally. Trustees and other fiduciaries should
indicate the capacity in which they sign, and where more than one name appears,
a majority must sign. If a corporation, this signature should be that of an
authorized officer who should state his or her title.
<TABLE>
<S> <C>
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ---------------------------------------------------- ----------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ---------------------------------------------------- ----------------------------------------------------
</TABLE>
/X/ PLEASE MARK VOTES
AS IN THIS EXAMPLE
<TABLE>
<CAPTION>
FOR ALL
FOR WITHHOLD EXCEPT
<S> <C> <C> <C>
1.) Authority to vote for the / / / / / /
election as Class III
Trustees the nominees named
below:
DON G. POWELL,
HUGO F. SONNENSCHEIN
To withhold authority to vote for any individual nominee, strike
a line through the nominee's name and mark the "For All Except"
box. Your shares will be voted for the remaining nominee(s).
Please be sure to sign and Date
date this Proxy.
Shareholder sign here Co-owner sign here
</TABLE>
<TABLE>
<CAPTION>
FOR AGAINST ABSTAIN
<S> <C> <C> <C>
2.) As to the proposal to ratify / / / / / /
the selection of KPMG Peat
Marwick LLP to act as the
independent auditors of the
Fund for the fiscal year ending
October 31, 1996.
3.) Upon any and all other business which may come before the
Meeting or any adjournment thereof.
VAN KAMPEN AMERICAN CAPITAL
FLORIDA MUNICIPAL
OPPORTUNITY TRUST
Mark box at right if comments or address change have been / /
noted on the reverse side of this card.
RECORD DATE SHARES:
</TABLE>
<PAGE> 58
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
PROXY
VAN KAMPEN AMERICAN CAPITAL FLORIDA MUNICIPAL OPPORTUNITY TRUST
MEETING OF SHAREHOLDERS--MAY 23, 1996
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of preferred shares of VAN KAMPEN AMERICAN
CAPITAL FLORIDA MUNICIPAL OPPORTUNITY TRUST (the "Fund"), a
Massachusetts business trust, hereby appoints Ronald A. Nyberg
and Edward C. Wood III, and each of them, with full power of
substitution and revocation, as proxies to represent the
undersigned at the Meeting of Shareholders to be held at the
offices of the Fund, One Parkview Plaza, Oakbrook Terrace,
Illinois 60181, on May 23, 1996, at 2:00 p.m. and at any and all
adjournments thereof (the "Meeting"), and thereat to vote all
preferred shares which the undersigned would be entitled to vote,
with all powers the undersigned would possess if personally
present, in accordance with the following instructions:
1. GRANTING / / WITHHOLDING / / authority to vote for the
election as Class III
Trustee the nominee named
below:
Theodore A. Myers
2. FOR / / AGAINST / / ABSTAIN / / as to the proposal to
ratify the selection
of KPMG Peat Marwick
LLP to act as the
independent auditors
of the Fund for the
fiscal year ending
October 31, 1996.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
(Continued from other side)
Account Number No. of Shares Proxy No.
3. Upon any and all other business which may come before the
Meeting or any adjournment thereof.
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting, then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED FOR EACH OF THE
PROPOSALS DESCRIBED ABOVE AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND PROXY STATEMENT FOR THE MEETING TO BE HELD
ON MAY 23, 1996.
DATED: , 19
----------------------------
----------------------------
SIGNATURE(S)
PLEASE SIGN EXACTLY AS YOUR
NAME OR NAMES APPEAR ON THIS
PROXY. WHEN SIGNING AS
ATTORNEY, TRUSTEE, EXECUTOR,
ADMINISTRATOR, CUSTODIAN,
GUARDIAN OR CORPORATE
OFFICER, PLEASE GIVE FULL
TITLE. IF SHARES ARE HELD
JOINTLY, EACH HOLDER SHOULD
SIGN.
<PAGE> 59
PROXY VAN KAMPEN AMERICAN CAPITAL PROXY
TRUST FOR INVESTMENT GRADE MUNICIPALS
MEETING OF SHAREHOLDERS TO BE HELD ON MAY 23, 1996
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of common shares of VAN KAMPEN AMERICAN CAPITAL TRUST FOR
INVESTMENT GRADE MUNICIPALS (the "Fund"), a Massachusetts business trust, hereby
appoints Ronald A. Nyberg and Edward C. Wood III, and each of them, with full
power of substitution and revocation, as proxies to represent the undersigned at
the Meeting of Shareholders to be held at the offices of the Fund, One Parkview
Plaza, Oakbrook Terrace, Illinois 60181 on May 23, 1996 at 2:00 p.m., and at any
and all adjournments thereof (the "Meeting"), and thereat to vote all common
shares of the Fund which the undersigned would be entitled to vote, with all
powers the undersigned would possess if personally present, in accordance with
the following instructions.
If more than one of the proxies, or their substitutes, are present at the
Meeting or any adjournment thereof, they jointly (or, if only one is present and
voting, then that one) shall have authority and may exercise all powers granted
hereby. This Proxy, when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS
PROXY WILL BE VOTED FOR EACH OF THE PROPOSALS DESCRIBED ABOVE AND IN THE
DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE
THE MEETING.
The undersigned hereby acknowledges receipt of the accompanying Notice of
Meeting and Proxy Statement for the Meeting to be held on May 23, 1996.
PLEASE VOTE, DATE AND SIGN ON OTHER SIDE AND RETURN PROMPTLY IN THE ENCLOSED
ENVELOPE.
Please sign this proxy exactly as your name appears on the books of the Fund.
Joint owners should each sign personally. Trustees and other fiduciaries should
indicate the capacity in which they sign, and where more than one name appears,
a majority must sign. If a corporation, this signature should be that of an
authorized officer who should state his or her title.
<TABLE>
<S> <C>
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ---------------------------------------------------- ----------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ---------------------------------------------------- ----------------------------------------------------
</TABLE>
/X/ PLEASE MARK VOTES
AS IN THIS EXAMPLE
<TABLE>
<CAPTION>
FOR ALL
FOR WITHHOLD EXCEPT
<S> <C> <C> <C>
1.) Authority to vote for the / / / / / /
election as Class I Trustees
the nominees named below:
DAVID C. ARCH, HOWARD J KERR, DENNIS J. MCDONNELL
To withhold authority to vote for any individual nominee, strike
a line through the nominee's name and mark the "For All Except"
box. Your shares will be voted for the remaining nominee(s).
Please be sure to sign and date Date
this Proxy.
Shareholder sign here Co-owner sign here
</TABLE>
<TABLE>
<CAPTION>
FOR AGAINST ABSTAIN
<S> <C> <C> <C>
2.) As to the proposal to ratify / / / / / /
the selection of KPMG Peat
Marwick LLP to act as the
independent auditors of the
Fund for the fiscal year ending
October 31, 1996.
3.) Upon any and all other business which may come before the
Meeting or any adjournment thereof.
VAN KAMPEN AMERICAN CAPITAL
TRUST FOR INVESTMENT
GRADE MUNICIPALS
Mark box at right if comments or address change have been / /
noted on the reverse side of this card.
RECORD DATE SHARES:
</TABLE>
<PAGE> 60
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
PROXY
VAN KAMPEN AMERICAN CAPITAL TRUST FOR INVESTMENT GRADE MUNICIPALS
MEETING OF SHAREHOLDERS--MAY 23, 1996
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of preferred shares of VAN KAMPEN AMERICAN
CAPITAL TRUST FOR INVESTMENT GRADE MUNICIPALS (the "Fund"), a
Massachusetts business trust, hereby appoints Ronald A. Nyberg
and Edward C. Wood III, and each of them, with full power of
substitution and revocation, as proxies to represent the
undersigned at the Meeting of Shareholders to be held at the
offices of the Fund, One Parkview Plaza, Oakbrook Terrace,
Illinois 60181, on May 23, 1996, at 2:00 p.m. and at any and all
adjournments thereof (the "Meeting"), and thereat to vote all
preferred shares which the undersigned would be entitled to vote,
with all powers the undersigned would possess if personally
present, in accordance with the following instructions:
1. Not applicable to the Fund.
2. FOR / / AGAINST / / ABSTAIN / / as to the proposal to
ratify the selection
of KPMG Peat Marwick
LLP to act as the
independent auditors
of the Fund for the
fiscal year ending
October 31, 1996.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
(Continued from other side)
Account Number No. of Shares Proxy No.
3. Upon any and all other business which may come before the
Meeting or any adjournment thereof.
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting, then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED FOR EACH OF THE
PROPOSALS DESCRIBED ABOVE AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND PROXY STATEMENT FOR THE MEETING TO BE HELD
ON MAY 23, 1996.
DATED: , 19
----------------------------
----------------------------
SIGNATURE(S)
PLEASE SIGN EXACTLY AS YOUR
NAME OR NAMES APPEAR ON THIS
PROXY. WHEN SIGNING AS
ATTORNEY, TRUSTEE, EXECUTOR,
ADMINISTRATOR, CUSTODIAN,
GUARDIAN OR CORPORATE
OFFICER, PLEASE GIVE FULL
TITLE. IF SHARES ARE HELD
JOINTLY, EACH HOLDER SHOULD
SIGN.
<PAGE> 61
PROXY VAN KAMPEN AMERICAN CAPITAL PROXY
TRUST FOR INSURED MUNICIPALS
MEETING OF SHAREHOLDERS TO BE HELD ON MAY 23, 1996
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of common shares of VAN KAMPEN AMERICAN CAPITAL TRUST FOR
INSURED MUNICIPALS (the "Fund"), a Massachusetts business trust, hereby appoints
Ronald A. Nyberg and Edward C. Wood III, and each of them, with full power of
substitution and revocation, as proxies to represent the undersigned at the
Meeting of Shareholders to be held at the offices of the Fund, One Parkview
Plaza, Oakbrook Terrace, Illinois 60181 on May 23, 1996 at 2:00 p.m., and at any
and all adjournments thereof (the "Meeting"), and thereat to vote all common
shares of the Fund which the undersigned would be entitled to vote, with all
powers the undersigned would possess if personally present, in accordance with
the following instructions.
If more than one of the proxies, or their substitutes, are present at the
Meeting or any adjournment thereof, they jointly (or, if only one is present and
voting, then that one) shall have authority and may exercise all powers granted
hereby. This Proxy, when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS
PROXY WILL BE VOTED FOR EACH OF THE PROPOSALS DESCRIBED ABOVE AND IN THE
DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE
THE MEETING.
The undersigned hereby acknowledges receipt of the accompanying Notice of
Meeting and Proxy Statement for the Meeting to be held on May 23, 1996.
PLEASE VOTE, DATE AND SIGN ON OTHER SIDE AND RETURN PROMPTLY IN THE ENCLOSED
ENVELOPE.
Please sign this proxy exactly as your name appears on the books of the Fund.
Joint owners should each sign personally. Trustees and other fiduciaries should
indicate the capacity in which they sign, and where more than one name appears,
a majority must sign. If a corporation, this signature should be that of an
authorized officer who should state his or her title.
<TABLE>
<S> <C>
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ---------------------------------------------------- ----------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ---------------------------------------------------- ----------------------------------------------------
</TABLE>
/X/ PLEASE MARK VOTES
AS IN THIS EXAMPLE
<TABLE>
<CAPTION>
FOR ALL
FOR WITHHOLD EXCEPT
<S> <C> <C> <C>
1.) Authority to vote for the / / / / / /
election as Class I Trustees
the nominees named below:
DAVID C. ARCH, HOWARD J KERR, DENNIS J. MCDONNELL
To withhold authority to vote for any individual nominee, strike
a line through the nominee's name and mark the "For All Except"
box. Your shares will be voted for the remaining nominee(s).
Please be sure to sign and date Date
this Proxy.
Shareholder sign here Co-owner sign here
</TABLE>
<TABLE>
<CAPTION>
FOR AGAINST ABSTAIN
<S> <C> <C> <C>
2.) As to the proposal to ratify / / / / / /
the selection of KPMG Peat
Marwick LLP to act as the
independent auditors of the
Fund for the fiscal year ending
October 31, 1996.
3.) Upon any and all other business which may come before the
Meeting or any adjournment thereof.
VAN KAMPEN AMERICAN CAPITAL
TRUST FOR INSURED MUNICIPALS
Mark box at right if comments or address change have been / /
noted on the reverse side of this card.
RECORD DATE SHARES:
</TABLE>
<PAGE> 62
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
PROXY
VAN KAMPEN AMERICAN CAPITAL TRUST FOR INSURED MUNICIPALS
MEETING OF SHAREHOLDERS--MAY 23, 1996
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of preferred shares of VAN KAMPEN AMERICAN
CAPITAL TRUST FOR INSURED MUNICIPALS (the "Fund"), a
Massachusetts business trust, hereby appoints Ronald A. Nyberg
and Edward C. Wood III, and each of them, with full power of
substitution and revocation, as proxies to represent the
undersigned at the Meeting of Shareholders to be held at the
offices of the Fund, One Parkview Plaza, Oakbrook Terrace,
Illinois 60181, on May 23, 1996, at 2:00 p.m. and at any and all
adjournments thereof (the "Meeting"), and thereat to vote all
preferred shares which the undersigned would be entitled to vote,
with all powers the undersigned would possess if personally
present, in accordance with the following instructions:
1. Not applicable to the Fund.
2. FOR / / AGAINST / / ABSTAIN / / as to the proposal to
ratify the selection
of KPMG Peat Marwick
LLP to act as the
independent auditors
of the Fund for the
fiscal year ending
October 31, 1996.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
(Continued from other side)
Account Number No. of Shares Proxy No.
3. Upon any and all other business which may come before the
Meeting or any adjournment thereof.
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting, then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED FOR EACH OF THE
PROPOSALS DESCRIBED ABOVE AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND PROXY STATEMENT FOR THE MEETING TO BE HELD
ON MAY 23, 1996.
DATED: , 19
----------------------------
----------------------------
SIGNATURE(S)
PLEASE SIGN EXACTLY AS YOUR
NAME OR NAMES APPEAR ON THIS
PROXY. WHEN SIGNING AS
ATTORNEY, TRUSTEE, EXECUTOR,
ADMINISTRATOR, CUSTODIAN,
GUARDIAN OR CORPORATE
OFFICER, PLEASE GIVE FULL
TITLE. IF SHARES ARE HELD
JOINTLY, EACH HOLDER SHOULD
SIGN.
<PAGE> 63
PROXY VAN KAMPEN AMERICAN CAPITAL PROXY
TRUST FOR INVESTMENT GRADE CALIFORNIA MUNICIPALS
MEETING OF SHAREHOLDERS TO BE HELD ON MAY 23, 1996
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of common shares of VAN KAMPEN AMERICAN CAPITAL TRUST FOR
INVESTMENT GRADE CALIFORNIA MUNICIPALS (the "Fund"), a Massachusetts business
trust, hereby appoints Ronald A. Nyberg and Edward C. Wood III, and each of
them, with full power of substitution and revocation, as proxies to represent
the undersigned at the Meeting of Shareholders to be held at the offices of the
Fund, One Parkview Plaza, Oakbrook Terrace, Illinois 60181 on May 23, 1996 at
2:00 p.m., and at any and all adjournments thereof (the "Meeting"), and thereat
to vote all common shares of the Fund which the undersigned would be entitled to
vote, with all powers the undersigned would possess if personally present, in
accordance with the following instructions.
If more than one of the proxies, or their substitutes, are present at the
Meeting or any adjournment thereof, they jointly (or, if only one is present and
voting, then that one) shall have authority and may exercise all powers granted
hereby. This Proxy, when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS
PROXY WILL BE VOTED FOR EACH OF THE PROPOSALS DESCRIBED ABOVE AND IN THE
DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE
THE MEETING.
The undersigned hereby acknowledges receipt of the accompanying Notice of
Meeting and Proxy Statement for the Meeting to be held on May 23, 1996.
PLEASE VOTE, DATE AND SIGN ON OTHER SIDE AND RETURN PROMPTLY IN THE ENCLOSED
ENVELOPE.
Please sign this proxy exactly as your name appears on the books of the Fund.
Joint owners should each sign personally. Trustees and other fiduciaries should
indicate the capacity in which they sign, and where more than one name appears,
a majority must sign. If a corporation, this signature should be that of an
authorized officer who should state his or her title.
<TABLE>
<S> <C>
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ---------------------------------------------------- ----------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ---------------------------------------------------- ----------------------------------------------------
</TABLE>
/X/ PLEASE MARK VOTES
AS IN THIS EXAMPLE
<TABLE>
<CAPTION>
FOR ALL
FOR WITHHOLD EXCEPT
<S> <C> <C> <C>
1.) Authority to vote for the / / / / / /
election as Class I Trustees
the nominees named below:
DAVID C. ARCH, HOWARD J KERR, DENNIS J. MCDONNELL
To withhold authority to vote for any individual nominee, strike
a line through the nominee's name and mark the "For All Except"
box. Your shares will be voted for the remaining nominee(s).
Please be sure to sign and date Date
this Proxy.
Shareholder sign here Co-owner sign here
</TABLE>
<TABLE>
<CAPTION>
FOR AGAINST ABSTAIN
<S> <C> <C> <C>
2.) As to the proposal to ratify / / / / / /
the selection of KPMG Peat
Marwick LLP to act as the
independent auditors of the
Fund for the fiscal year ending
October 31, 1996.
3.) Upon any and all other business which may come before the
Meeting or any adjournment thereof.
VAN KAMPEN AMERICAN CAPITAL
TRUST FOR INVESTMENT
GRADE CALIFORNIA MUNICIPALS
Mark box at right if comments or address change have been / /
noted on the reverse side of this card.
RECORD DATE SHARES:
</TABLE>
<PAGE> 64
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
PROXY
VAN KAMPEN AMERICAN CAPITAL TRUST FOR INVESTMENT GRADE
CALIFORNIA MUNICIPALS
MEETING OF SHAREHOLDERS--MAY 23, 1996
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of preferred shares of VAN KAMPEN AMERICAN
CAPITAL TRUST FOR INVESTMENT GRADE CALIFORNIA MUNICIPALS (the
"Fund"), a Massachusetts business trust, hereby appoints Ronald
A. Nyberg and Edward C. Wood III, and each of them, with full
power of substitution and revocation, as proxies to represent the
undersigned at the Meeting of Shareholders to be held at the
offices of the Fund, One Parkview Plaza, Oakbrook Terrace,
Illinois 60181, on May 23, 1996, at 2:00 p.m. and at any and all
adjournments thereof (the "Meeting"), and thereat to vote all
preferred shares which the undersigned would be entitled to vote,
with all powers the undersigned would possess if personally
present, in accordance with the following instructions:
1. Not applicable to the Fund.
2. FOR / / AGAINST / / ABSTAIN / / as to the proposal to
ratify the selection
of KPMG Peat Marwick
LLP to act as the
independent auditors
of the Fund for the
fiscal year ending
October 31, 1996.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
(Continued from other side)
Account Number No. of Shares Proxy No.
3. Upon any and all other business which may come before the
Meeting or any adjournment thereof.
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting, then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED FOR EACH OF THE
PROPOSALS DESCRIBED ABOVE AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND PROXY STATEMENT FOR THE MEETING TO BE HELD
ON MAY 23, 1996.
DATED: , 19
----------------------------
----------------------------
SIGNATURE(S)
PLEASE SIGN EXACTLY AS YOUR
NAME OR NAMES APPEAR ON THIS
PROXY. WHEN SIGNING AS
ATTORNEY, TRUSTEE, EXECUTOR,
ADMINISTRATOR, CUSTODIAN,
GUARDIAN OR CORPORATE
OFFICER, PLEASE GIVE FULL
TITLE. IF SHARES ARE HELD
JOINTLY, EACH HOLDER SHOULD
SIGN.
<PAGE> 65
PROXY VAN KAMPEN AMERICAN CAPITAL PROXY
TRUST FOR INVESTMENT GRADE FLORIDA MUNICIPALS
MEETING OF SHAREHOLDERS TO BE HELD ON MAY 23, 1996
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of common shares of VAN KAMPEN AMERICAN CAPITAL TRUST FOR
INVESTMENT GRADE FLORIDA MUNICIPALS (the "Fund"), a Massachusetts business
trust, hereby appoints Ronald A. Nyberg and Edward C. Wood III, and each of
them, with full power of substitution and revocation, as proxies to represent
the undersigned at the Meeting of Shareholders to be held at the offices of the
Fund, One Parkview Plaza, Oakbrook Terrace, Illinois 60181 on May 23, 1996 at
2:00 p.m., and at any and all adjournments thereof (the "Meeting"), and thereat
to vote all common shares of the Fund which the undersigned would be entitled to
vote, with all powers the undersigned would possess if personally present, in
accordance with the following instructions.
If more than one of the proxies, or their substitutes, are present at the
Meeting or any adjournment thereof, they jointly (or, if only one is present and
voting, then that one) shall have authority and may exercise all powers granted
hereby. This Proxy, when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS
PROXY WILL BE VOTED FOR EACH OF THE PROPOSALS DESCRIBED ABOVE AND IN THE
DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE
THE MEETING.
The undersigned hereby acknowledges receipt of the accompanying Notice of
Meeting and Proxy Statement for the Meeting to be held on May 23, 1996.
PLEASE VOTE, DATE AND SIGN ON OTHER SIDE AND RETURN PROMPTLY IN THE ENCLOSED
ENVELOPE.
Please sign this proxy exactly as your name appears on the books of the Fund.
Joint owners should each sign personally. Trustees and other fiduciaries should
indicate the capacity in which they sign, and where more than one name appears,
a majority must sign. If a corporation, this signature should be that of an
authorized officer who should state his or her title.
<TABLE>
<S> <C>
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ---------------------------------------------------- ----------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ---------------------------------------------------- ----------------------------------------------------
</TABLE>
/X/ PLEASE MARK VOTES
AS IN THIS EXAMPLE
<TABLE>
<CAPTION>
FOR ALL
FOR WITHHOLD EXCEPT
<S> <C> <C> <C>
1.) Authority to vote for the / / / / / /
election as Class I Trustees
the nominees named below:
DAVID C. ARCH, HOWARD J KERR, DENNIS J. MCDONNELL
To withhold authority to vote for any individual nominee, strike
a line through the nominee's name and mark the "For All Except"
box. Your shares will be voted for the remaining nominee(s).
Please be sure to sign and date Date
this Proxy.
Shareholder sign here Co-owner sign here
</TABLE>
<TABLE>
<CAPTION>
FOR AGAINST ABSTAIN
<S> <C> <C> <C>
2.) As to the proposal to ratify / / / / / /
the selection of KPMG Peat
Marwick LLP to act as the
independent auditors of the
Fund for the fiscal year ending
October 31, 1996.
3.) Upon any and all other business which may come before the
Meeting or any adjournment thereof.
VAN KAMPEN AMERICAN CAPITAL
TRUST FOR INVESTMENT
GRADE FLORIDA MUNICIPALS
Mark box at right if comments or address change have been / /
noted on the reverse side of this card.
RECORD DATE SHARES:
</TABLE>
<PAGE> 66
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
PROXY
VAN KAMPEN AMERICAN CAPITAL TRUST FOR INVESTMENT GRADE
FLORIDA MUNICIPALS
MEETING OF SHAREHOLDERS--MAY 23, 1996
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of preferred shares of VAN KAMPEN AMERICAN
CAPITAL TRUST FOR INVESTMENT GRADE FLORIDA MUNICIPALS (the
"Fund"), a Massachusetts business trust, hereby appoints Ronald
A. Nyberg and Edward C. Wood III, and each of them, with full
power of substitution and revocation, as proxies to represent the
undersigned at the Meeting of Shareholders to be held at the
offices of the Fund, One Parkview Plaza, Oakbrook Terrace,
Illinois 60181, on May 23, 1996, at 2:00 p.m. and at any and all
adjournments thereof (the "Meeting"), and thereat to vote all
preferred shares which the undersigned would be entitled to vote,
with all powers the undersigned would possess if personally
present, in accordance with the following instructions:
1. Not applicable to the Fund.
2. FOR / / AGAINST / / ABSTAIN / / as to the proposal to
ratify the selection
of KPMG Peat Marwick
LLP to act as the
independent auditors
of the Fund for the
fiscal year ending
October 31, 1996.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
(Continued from other side)
Account Number No. of Shares Proxy No.
3. Upon any and all other business which may come before the
Meeting or any adjournment thereof.
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting, then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED FOR EACH OF THE
PROPOSALS DESCRIBED ABOVE AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND PROXY STATEMENT FOR THE MEETING TO BE HELD
ON MAY 23, 1996.
DATED: , 19
----------------------------
----------------------------
SIGNATURE(S)
PLEASE SIGN EXACTLY AS YOUR
NAME OR NAMES APPEAR ON THIS
PROXY. WHEN SIGNING AS
ATTORNEY, TRUSTEE, EXECUTOR,
ADMINISTRATOR, CUSTODIAN,
GUARDIAN OR CORPORATE
OFFICER, PLEASE GIVE FULL
TITLE. IF SHARES ARE HELD
JOINTLY, EACH HOLDER SHOULD
SIGN.
<PAGE> 67
PROXY VAN KAMPEN AMERICAN CAPITAL PROXY
TRUST FOR INVESTMENT GRADE NEW JERSEY MUNICIPALS
MEETING OF SHAREHOLDERS TO BE HELD ON MAY 23, 1996
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of common shares of VAN KAMPEN AMERICAN CAPITAL TRUST FOR
INVESTMENT GRADE NEW JERSEY MUNICIPALS (the "Fund"), a Massachusetts business
trust, hereby appoints Ronald A. Nyberg and Edward C. Wood III, and each of
them, with full power of substitution and revocation, as proxies to represent
the undersigned at the Meeting of Shareholders to be held at the offices of the
Fund, One Parkview Plaza, Oakbrook Terrace, Illinois 60181 on May 23, 1996 at
2:00 p.m., and at any and all adjournments thereof (the "Meeting"), and thereat
to vote all common shares of the Fund which the undersigned would be entitled to
vote, with all powers the undersigned would possess if personally present, in
accordance with the following instructions.
If more than one of the proxies, or their substitutes, are present at the
Meeting or any adjournment thereof, they jointly (or, if only one is present and
voting, then that one) shall have authority and may exercise all powers granted
hereby. This Proxy, when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS
PROXY WILL BE VOTED FOR EACH OF THE PROPOSALS DESCRIBED ABOVE AND IN THE
DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE
THE MEETING.
The undersigned hereby acknowledges receipt of the accompanying Notice of
Meeting and Proxy Statement for the Meeting to be held on May 23, 1996.
PLEASE VOTE, DATE AND SIGN ON OTHER SIDE AND RETURN PROMPTLY IN THE ENCLOSED
ENVELOPE.
Please sign this proxy exactly as your name appears on the books of the Fund.
Joint owners should each sign personally. Trustees and other fiduciaries should
indicate the capacity in which they sign, and where more than one name appears,
a majority must sign. If a corporation, this signature should be that of an
authorized officer who should state his or her title.
<TABLE>
<S> <C>
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ---------------------------------------------------- ----------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ---------------------------------------------------- ----------------------------------------------------
</TABLE>
/X/ PLEASE MARK VOTES
AS IN THIS EXAMPLE
<TABLE>
<CAPTION>
FOR ALL
FOR WITHHOLD EXCEPT
<S> <C> <C> <C>
1.) Authority to vote for the / / / / / /
election as Class I Trustees
the nominees named below:
DAVID C. ARCH, HOWARD J KERR, DENNIS J. MCDONNELL
To withhold authority to vote for any individual nominee, strike
a line through the nominee's name and mark the "For All Except"
box. Your shares will be voted for the remaining nominee(s).
Please be sure to sign and date Date
this Proxy.
Shareholder sign here Co-owner sign here
</TABLE>
<TABLE>
<CAPTION>
FOR AGAINST ABSTAIN
<S> <C> <C> <C>
2.) As to the proposal to ratify / / / / / /
the selection of KPMG Peat
Marwick LLP to act as the
independent auditors of the
Fund for the fiscal year ending
October 31, 1996.
3.) Upon any and all other business which may come before the
Meeting or any adjournment thereof.
VAN KAMPEN AMERICAN CAPITAL
TRUST FOR INVESTMENT
GRADE NEW JERSEY MUNICIPALS
Mark box at right if comments or address change have been / /
noted on the reverse side of this card.
RECORD DATE SHARES:
</TABLE>
<PAGE> 68
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
PROXY
VAN KAMPEN AMERICAN CAPITAL TRUST FOR INVESTMENT GRADE
NEW JERSEY MUNICIPALS
MEETING OF SHAREHOLDERS--MAY 23, 1996
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of preferred shares of VAN KAMPEN AMERICAN
CAPITAL TRUST FOR INVESTMENT GRADE NEW JERSEY MUNICIPALS (the
"Fund"), a Massachusetts business trust, hereby appoints Ronald
A. Nyberg and Edward C. Wood III, and each of them, with full
power of substitution and revocation, as proxies to represent the
undersigned at the Meeting of Shareholders to be held at the
offices of the Fund, One Parkview Plaza, Oakbrook Terrace,
Illinois 60181, on May 23, 1996, at 2:00 p.m. and at any and all
adjournments thereof (the "Meeting"), and thereat to vote all
preferred shares which the undersigned would be entitled to vote,
with all powers the undersigned would possess if personally
present, in accordance with the following instructions:
1. Not applicable to the Fund.
2. FOR / / AGAINST / / ABSTAIN / / as to the proposal to
ratify the selection
of KPMG Peat Marwick
LLP to act as the
independent auditors
of the Fund for the
fiscal year ending
October 31, 1996.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
(Continued from other side)
Account Number No. of Shares Proxy No.
3. Upon any and all other business which may come before the
Meeting or any adjournment thereof.
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting, then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED FOR EACH OF THE
PROPOSALS DESCRIBED ABOVE AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND PROXY STATEMENT FOR THE MEETING TO BE HELD
ON MAY 23, 1996.
DATED: , 19
----------------------------
----------------------------
SIGNATURE(S)
PLEASE SIGN EXACTLY AS YOUR
NAME OR NAMES APPEAR ON THIS
PROXY. WHEN SIGNING AS
ATTORNEY, TRUSTEE, EXECUTOR,
ADMINISTRATOR, CUSTODIAN,
GUARDIAN OR CORPORATE
OFFICER, PLEASE GIVE FULL
TITLE. IF SHARES ARE HELD
JOINTLY, EACH HOLDER SHOULD
SIGN.
<PAGE> 69
PROXY VAN KAMPEN AMERICAN CAPITAL PROXY
TRUST FOR INVESTMENT GRADE NEW YORK MUNICIPALS
MEETING OF SHAREHOLDERS TO BE HELD ON MAY 23, 1996
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of common shares of VAN KAMPEN AMERICAN CAPITAL TRUST FOR
INVESTMENT GRADE NEW YORK MUNICIPALS (the "Fund"), a Massachusetts business
trust, hereby appoints Ronald A. Nyberg and Edward C. Wood III, and each of
them, with full power of substitution and revocation, as proxies to represent
the undersigned at the Meeting of Shareholders to be held at the offices of the
Fund, One Parkview Plaza, Oakbrook Terrace, Illinois 60181 on May 23, 1996 at
2:00 p.m., and at any and all adjournments thereof (the "Meeting"), and thereat
to vote all common shares of the Fund which the undersigned would be entitled to
vote, with all powers the undersigned would possess if personally present, in
accordance with the following instructions.
If more than one of the proxies, or their substitutes, are present at the
Meeting or any adjournment thereof, they jointly (or, if only one is present and
voting, then that one) shall have authority and may exercise all powers granted
hereby. This Proxy, when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS
PROXY WILL BE VOTED FOR EACH OF THE PROPOSALS DESCRIBED ABOVE AND IN THE
DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE
THE MEETING.
The undersigned hereby acknowledges receipt of the accompanying Notice of
Meeting and Proxy Statement for the Meeting to be held on May 23, 1996.
PLEASE VOTE, DATE AND SIGN ON OTHER SIDE AND RETURN PROMPTLY IN THE ENCLOSED
ENVELOPE.
Please sign this proxy exactly as your name appears on the books of the Fund.
Joint owners should each sign personally. Trustees and other fiduciaries should
indicate the capacity in which they sign, and where more than one name appears,
a majority must sign. If a corporation, this signature should be that of an
authorized officer who should state his or her title.
<TABLE>
<S> <C>
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ---------------------------------------------------- ----------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ---------------------------------------------------- ----------------------------------------------------
</TABLE>
/X/ PLEASE MARK VOTES
AS IN THIS EXAMPLE
<TABLE>
<CAPTION>
FOR ALL
FOR WITHHOLD EXCEPT
<S> <C> <C> <C>
1.) Authority to vote for the / / / / / /
election as Class I Trustees
the nominees named below:
DAVID C. ARCH, HOWARD J KERR, DENNIS J. MCDONNELL
To withhold authority to vote for any individual nominee, strike
a line through the nominee's name and mark the "For All Except"
box. Your shares will be voted for the remaining nominee(s).
Please be sure to sign and date Date
this Proxy.
Shareholder sign here Co-owner sign here
</TABLE>
<TABLE>
<CAPTION>
FOR AGAINST ABSTAIN
<S> <C> <C> <C>
2.) As to the proposal to ratify / / / / / /
the selection of KPMG Peat
Marwick LLP to act as the
independent auditors of the
Fund for the fiscal year ending
October 31, 1996.
3.) Upon any and all other business which may come before the
Meeting or any adjournment thereof.
VAN KAMPEN AMERICAN CAPITAL
TRUST FOR INVESTMENT
GRADE NEW YORK MUNICIPALS
Mark box at right if comments or address change have been / /
noted on the reverse side of this card.
RECORD DATE SHARES:
</TABLE>
<PAGE> 70
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
PROXY
VAN KAMPEN AMERICAN CAPITAL TRUST FOR INVESTMENT GRADE
NEW YORK MUNICIPALS
MEETING OF SHAREHOLDERS--MAY 23, 1996
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of preferred shares of VAN KAMPEN AMERICAN
CAPITAL TRUST FOR INVESTMENT GRADE NEW YORK MUNICIPALS (the
"Fund"), a Massachusetts business trust, hereby appoints Ronald
A. Nyberg and Edward C. Wood III, and each of them, with full
power of substitution and revocation, as proxies to represent the
undersigned at the Meeting of Shareholders to be held at the
offices of the Fund, One Parkview Plaza, Oakbrook Terrace,
Illinois 60181, on May 23, 1996, at 2:00 p.m. and at any and all
adjournments thereof (the "Meeting"), and thereat to vote all
preferred shares which the undersigned would be entitled to vote,
with all powers the undersigned would possess if personally
present, in accordance with the following instructions:
1. Not applicable to the Fund.
2. FOR / / AGAINST / / ABSTAIN / / as to the proposal to
ratify the selection
of KPMG Peat Marwick
LLP to act as the
independent auditors
of the Fund for the
fiscal year ending
October 31, 1996.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
(Continued from other side)
Account Number No. of Shares Proxy No.
3. Upon any and all other business which may come before the
Meeting or any adjournment thereof.
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting, then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED FOR EACH OF THE
PROPOSALS DESCRIBED ABOVE AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND PROXY STATEMENT FOR THE MEETING TO BE HELD
ON MAY 23, 1996.
DATED: , 19
----------------------------
----------------------------
SIGNATURE(S)
PLEASE SIGN EXACTLY AS YOUR
NAME OR NAMES APPEAR ON THIS
PROXY. WHEN SIGNING AS
ATTORNEY, TRUSTEE, EXECUTOR,
ADMINISTRATOR, CUSTODIAN,
GUARDIAN OR CORPORATE
OFFICER, PLEASE GIVE FULL
TITLE. IF SHARES ARE HELD
JOINTLY, EACH HOLDER SHOULD
SIGN.
<PAGE> 71
PROXY VAN KAMPEN AMERICAN CAPITAL PROXY
TRUST FOR INVESTMENT GRADE PENNSYLVANIA MUNICIPALS
MEETING OF SHAREHOLDERS TO BE HELD ON MAY 23, 1996
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of common shares of VAN KAMPEN AMERICAN CAPITAL TRUST FOR
INVESTMENT GRADE PENNSYLVANIA MUNICIPALS (the "Fund"), a Pennsylvania trust,
hereby appoints Ronald A. Nyberg and Edward C. Wood III, and each of them, with
full power of substitution and revocation, as proxies to represent the
undersigned at the Meeting of Shareholders to be held at the offices of the
Fund, One Parkview Plaza, Oakbrook Terrace, Illinois 60181 on May 23, 1996 at
2:00 p.m., and at any and all adjournments thereof (the "Meeting"), and thereat
to vote all common shares of the Fund which the undersigned would be entitled to
vote, with all powers the undersigned would possess if personally present, in
accordance with the following instructions.
If more than one of the proxies, or their substitutes, are present at the
Meeting or any adjournment thereof, they jointly (or, if only one is present and
voting, then that one) shall have authority and may exercise all powers granted
hereby. This Proxy, when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS
PROXY WILL BE VOTED FOR EACH OF THE PROPOSALS DESCRIBED ABOVE AND IN THE
DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE
THE MEETING.
The undersigned hereby acknowledges receipt of the accompanying Notice of
Meeting and Proxy Statement for the Meeting to be held on May 23, 1996.
PLEASE VOTE, DATE AND SIGN ON OTHER SIDE AND RETURN PROMPTLY IN THE ENCLOSED
ENVELOPE.
Please sign this proxy exactly as your name appears on the books of the Fund.
Joint owners should each sign personally. Trustees and other fiduciaries should
indicate the capacity in which they sign, and where more than one name appears,
a majority must sign. If a corporation, this signature should be that of an
authorized officer who should state his or her title.
<TABLE>
<S> <C>
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ---------------------------------------------------- ----------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ---------------------------------------------------- ----------------------------------------------------
</TABLE>
/X/ PLEASE MARK VOTES
AS IN THIS EXAMPLE
<TABLE>
<CAPTION>
FOR ALL
FOR WITHHOLD EXCEPT
<S> <C> <C> <C>
1.) Authority to vote for the / / / / / /
election as Class I Trustees
the nominees named below:
DAVID C. ARCH, HOWARD J KERR, DENNIS J. MCDONNELL
To withhold authority to vote for any individual nominee, strike
a line through the nominee's name and mark the "For All Except"
box. Your shares will be voted for the remaining nominee(s).
Please be sure to sign and date Date
this Proxy.
Shareholder sign here Co-owner sign here
</TABLE>
<TABLE>
<CAPTION>
FOR AGAINST ABSTAIN
<S> <C> <C> <C>
2.) As to the proposal to ratify / / / / / /
the selection of KPMG Peat
Marwick LLP to act as the
independent auditors of the
Fund for the fiscal year ending
October 31, 1996.
3.) Upon any and all other business which may come before the
Meeting or any adjournment thereof.
VAN KAMPEN AMERICAN CAPITAL
TRUST FOR INVESTMENT
GRADE PENNSYLVANIA MUNICIPALS
Mark box at right if comments or address change have been / /
noted on the reverse side of this card.
RECORD DATE SHARES:
</TABLE>
<PAGE> 72
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
PROXY
VAN KAMPEN AMERICAN CAPITAL TRUST FOR INVESTMENT GRADE
PENNSYLVANIA MUNICIPALS
MEETING OF SHAREHOLDERS--MAY 23, 1996
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of preferred shares of VAN KAMPEN AMERICAN
CAPITAL TRUST FOR INVESTMENT GRADE PENNSYLVANIA MUNICIPALS (the
"Fund"), a Pennsylvania trust, hereby appoints Ronald A. Nyberg
and Edward C. Wood III, and each of them, with full power of
substitution and revocation, as proxies to represent the
undersigned at the Meeting of Shareholders to be held at the
offices of the Fund, One Parkview Plaza, Oakbrook Terrace,
Illinois 60181, on May 23, 1996, at 2:00 p.m. and at any and all
adjournments thereof (the "Meeting"), and thereat to vote all
preferred shares which the undersigned would be entitled to vote,
with all powers the undersigned would possess if personally
present, in accordance with the following instructions:
1. Not applicable to the Fund.
2. FOR / / AGAINST / / ABSTAIN / / as to the proposal to
ratify the selection
of KPMG Peat Marwick
LLP to act as the
independent auditors
of the Fund for the
fiscal year ending
October 31, 1996.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
(Continued from other side)
Account Number No. of Shares Proxy No.
3. Upon any and all other business which may come before the
Meeting or any adjournment thereof.
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting, then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED FOR EACH OF THE
PROPOSALS DESCRIBED ABOVE AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND PROXY STATEMENT FOR THE MEETING TO BE HELD
ON MAY 23, 1996.
DATED: , 19
----------------------------
----------------------------
SIGNATURE(S)
PLEASE SIGN EXACTLY AS YOUR
NAME OR NAMES APPEAR ON THIS
PROXY. WHEN SIGNING AS
ATTORNEY, TRUSTEE, EXECUTOR,
ADMINISTRATOR, CUSTODIAN,
GUARDIAN OR CORPORATE
OFFICER, PLEASE GIVE FULL
TITLE. IF SHARES ARE HELD
JOINTLY, EACH HOLDER SHOULD
SIGN.
<PAGE> 73
PROXY VAN KAMPEN AMERICAN CAPITAL PROXY
MUNICIPAL OPPORTUNITY TRUST
MEETING OF SHAREHOLDERS TO BE HELD ON MAY 23, 1996
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of common shares of VAN KAMPEN AMERICAN CAPITAL MUNICIPAL
OPPORTUNITY TRUST (the "Fund"), a Massachusetts business trust, hereby appoints
Ronald A. Nyberg and Edward C. Wood III, and each of them, with full power of
substitution and revocation, as proxies to represent the undersigned at the
Meeting of Shareholders to be held at the offices of the Fund, One Parkview
Plaza, Oakbrook Terrace, Illinois 60181 on May 23, 1996 at 2:00 p.m., and at any
and all adjournments thereof (the "Meeting"), and thereat to vote all common
shares of the Fund which the undersigned would be entitled to vote, with all
powers the undersigned would possess if personally present, in accordance with
the following instructions.
If more than one of the proxies, or their substitutes, are present at the
Meeting or any adjournment thereof, they jointly (or, if only one is present and
voting, then that one) shall have authority and may exercise all powers granted
hereby. This Proxy, when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS
PROXY WILL BE VOTED FOR EACH OF THE PROPOSALS DESCRIBED ABOVE AND IN THE
DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE
THE MEETING.
The undersigned hereby acknowledges receipt of the accompanying Notice of
Meeting and Proxy Statement for the Meeting to be held on May 23, 1996.
PLEASE VOTE, DATE AND SIGN ON OTHER SIDE AND RETURN PROMPTLY IN THE ENCLOSED
ENVELOPE.
Please sign this proxy exactly as your name appears on the books of the Fund.
Joint owners should each sign personally. Trustees and other fiduciaries should
indicate the capacity in which they sign, and where more than one name appears,
a majority must sign. If a corporation, this signature should be that of an
authorized officer who should state his or her title.
<TABLE>
<S> <C>
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ---------------------------------------------------- ----------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ---------------------------------------------------- ----------------------------------------------------
</TABLE>
/X/ PLEASE MARK VOTES
AS IN THIS EXAMPLE
<TABLE>
<CAPTION>
FOR ALL
FOR WITHHOLD EXCEPT
<S> <C> <C> <C>
1.) Authority to vote for the / / / / / /
election as Class I Trustees
the nominees named below:
DAVID C. ARCH, HOWARD J KERR, DENNIS J. MCDONNELL
To withhold authority to vote for any individual nominee, strike
a line through the nominee's name and mark the "For All Except"
box. Your shares will be voted for the remaining nominee(s).
Please be sure to sign and date Date
this Proxy.
Shareholder sign here Co-owner sign here
</TABLE>
<TABLE>
<CAPTION>
FOR AGAINST ABSTAIN
<S> <C> <C> <C>
2.) As to the proposal to ratify / / / / / /
the selection of KPMG Peat
Marwick LLP to act as the
independent auditors of the
Fund for the fiscal year ending
October 31, 1996.
3.) Upon any and all other business which may come before the
Meeting or any adjournment thereof.
VAN KAMPEN AMERICAN CAPITAL
MUNICIPAL OPPORTUNITY TRUST
Mark box at right if comments or address change have been / /
noted on the reverse side of this card.
RECORD DATE SHARES:
</TABLE>
<PAGE> 74
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
PROXY
VAN KAMPEN AMERICAN CAPITAL MUNICIPAL OPPORTUNITY TRUST
MEETING OF SHAREHOLDERS--MAY 23, 1996
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of preferred shares of VAN KAMPEN AMERICAN
CAPITAL MUNICIPAL OPPORTUNITY TRUST (the "Fund"), a Massachusetts
business trust, hereby appoints Ronald A. Nyberg and Edward C.
Wood III, and each of them, with full power of substitution and
revocation, as proxies to represent the undersigned at the
Meeting of Shareholders to be held at the offices of the Fund,
One Parkview Plaza, Oakbrook Terrace, Illinois 60181, on May 23,
1996, at 2:00 p.m. and at any and all adjournments thereof (the
"Meeting"), and thereat to vote all preferred shares which the
undersigned would be entitled to vote, with all powers the
undersigned would possess if personally present, in accordance
with the following instructions:
1. Not applicable to the Fund.
2. FOR / / AGAINST / / ABSTAIN / / as to the proposal to
ratify the selection
of KPMG Peat Marwick
LLP to act as the
independent auditors
of the Fund for the
fiscal year ending
October 31, 1996.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
(Continued from other side)
Account Number No. of Shares Proxy No.
3. Upon any and all other business which may come before the
Meeting or any adjournment thereof.
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting, then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED FOR EACH OF THE
PROPOSALS DESCRIBED ABOVE AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND PROXY STATEMENT FOR THE MEETING TO BE HELD
ON MAY 23, 1996.
DATED: , 19
----------------------------
----------------------------
SIGNATURE(S)
PLEASE SIGN EXACTLY AS YOUR
NAME OR NAMES APPEAR ON THIS
PROXY. WHEN SIGNING AS
ATTORNEY, TRUSTEE, EXECUTOR,
ADMINISTRATOR, CUSTODIAN,
GUARDIAN OR CORPORATE
OFFICER, PLEASE GIVE FULL
TITLE. IF SHARES ARE HELD
JOINTLY, EACH HOLDER SHOULD
SIGN.
<PAGE> 75
PROXY VAN KAMPEN AMERICAN CAPITAL PROXY
ADVANTAGE MUNICIPAL INCOME TRUST
MEETING OF SHAREHOLDERS TO BE HELD ON MAY 23, 1996
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of common shares of VAN KAMPEN AMERICAN CAPITAL ADVANTAGE
MUNICIPAL INCOME TRUST (the "Fund"), a Massachusetts business trust, hereby
appoints Ronald A. Nyberg and Edward C. Wood III, and each of them, with full
power of substitution and revocation, as proxies to represent the undersigned at
the Meeting of Shareholders to be held at the offices of the Fund, One Parkview
Plaza, Oakbrook Terrace, Illinois 60181 on May 23, 1996 at 2:00 p.m., and at any
and all adjournments thereof (the "Meeting"), and thereat to vote all common
shares of the Fund which the undersigned would be entitled to vote, with all
powers the undersigned would possess if personally present, in accordance with
the following instructions.
If more than one of the proxies, or their substitutes, are present at the
Meeting or any adjournment thereof, they jointly (or, if only one is present and
voting, then that one) shall have authority and may exercise all powers granted
hereby. This Proxy, when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS
PROXY WILL BE VOTED FOR EACH OF THE PROPOSALS DESCRIBED ABOVE AND IN THE
DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE
THE MEETING.
The undersigned hereby acknowledges receipt of the accompanying Notice of
Meeting and Proxy Statement for the Meeting to be held on May 23, 1996.
PLEASE VOTE, DATE AND SIGN ON OTHER SIDE AND RETURN PROMPTLY IN THE ENCLOSED
ENVELOPE.
Please sign this proxy exactly as your name appears on the books of the Fund.
Joint owners should each sign personally. Trustees and other fiduciaries should
indicate the capacity in which they sign, and where more than one name appears,
a majority must sign. If a corporation, this signature should be that of an
authorized officer who should state his or her title.
<TABLE>
<S> <C>
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ---------------------------------------------------- ----------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ---------------------------------------------------- ----------------------------------------------------
</TABLE>
/X/ PLEASE MARK VOTES
AS IN THIS EXAMPLE
<TABLE>
<CAPTION>
FOR ALL
FOR WITHHOLD EXCEPT
<S> <C> <C> <C>
1.) Authority to vote for the / / / / / /
election as Class I Trustees
the nominees named below:
DAVID C. ARCH, HOWARD J KERR, DENNIS J. MCDONNELL
To withhold authority to vote for any individual nominee, strike
a line through the nominee's name and mark the "For All Except"
box. Your shares will be voted for the remaining nominee(s).
Please be sure to sign and date Date
this Proxy.
Shareholder sign here Co-owner sign here
</TABLE>
<TABLE>
<CAPTION>
FOR AGAINST ABSTAIN
<S> <C> <C> <C>
2.) As to the proposal to ratify / / / / / /
the selection of KPMG Peat
Marwick LLP to act as the
independent auditors of the
Fund for the fiscal year ending
October 31, 1996.
3.) Upon any and all other business which may come before the
Meeting or any adjournment thereof.
VAN KAMPEN AMERICAN CAPITAL
ADVANTAGE MUNICIPAL INCOME TRUST
Mark box at right if comments or address change have been / /
noted on the reverse side of this card.
RECORD DATE SHARES:
</TABLE>
<PAGE> 76
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
PROXY
VAN KAMPEN AMERICAN CAPITAL ADVANTAGE MUNICIPAL INCOME TRUST
MEETING OF SHAREHOLDERS--MAY 23, 1996
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of preferred shares of VAN KAMPEN AMERICAN
CAPITAL ADVANTAGE MUNICIPAL INCOME TRUST (the "Fund"), a
Massachusetts business trust, hereby appoints Ronald A. Nyberg
and Edward C. Wood III, and each of them, with full power of
substitution and revocation, as proxies to represent the
undersigned at the Meeting of Shareholders to be held at the
offices of the Fund, One Parkview Plaza, Oakbrook Terrace,
Illinois 60181, on May 23, 1996, at 2:00 p.m. and at any and all
adjournments thereof (the "Meeting"), and thereat to vote all
preferred shares which the undersigned would be entitled to vote,
with all powers the undersigned would possess if personally
present, in accordance with the following instructions:
1. Not applicable to the Fund.
2. FOR / / AGAINST / / ABSTAIN / / as to the proposal to
ratify the selection
of KPMG Peat Marwick
LLP to act as the
independent auditors
of the Fund for the
fiscal year ending
October 31, 1996.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
(Continued from other side)
Account Number No. of Shares Proxy No.
3. Upon any and all other business which may come before the
Meeting or any adjournment thereof.
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting, then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED FOR EACH OF THE
PROPOSALS DESCRIBED ABOVE AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND PROXY STATEMENT FOR THE MEETING TO BE HELD
ON MAY 23, 1996.
DATED: , 19
----------------------------
----------------------------
SIGNATURE(S)
PLEASE SIGN EXACTLY AS YOUR
NAME OR NAMES APPEAR ON THIS
PROXY. WHEN SIGNING AS
ATTORNEY, TRUSTEE, EXECUTOR,
ADMINISTRATOR, CUSTODIAN,
GUARDIAN OR CORPORATE
OFFICER, PLEASE GIVE FULL
TITLE. IF SHARES ARE HELD
JOINTLY, EACH HOLDER SHOULD
SIGN.
<PAGE> 77
PROXY VAN KAMPEN AMERICAN CAPITAL PROXY
ADVANTAGE PENNSYLVANIA MUNICIPAL INCOME TRUST
MEETING OF SHAREHOLDERS TO BE HELD ON MAY 23, 1996
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of common shares of VAN KAMPEN AMERICAN CAPITAL ADVANTAGE
PENNSYLVANIA MUNICIPAL INCOME TRUST (the "Fund"), a Pennsylvania trust, hereby
appoints Ronald A. Nyberg and Edward C. Wood III, and each of them, with full
power of substitution and revocation, as proxies to represent the undersigned at
the Meeting of Shareholders to be held at the offices of the Fund, One Parkview
Plaza, Oakbrook Terrace, Illinois 60181 on May 23, 1996 at 2:00 p.m., and at any
and all adjournments thereof (the "Meeting"), and thereat to vote all common
shares of the Fund which the undersigned would be entitled to vote, with all
powers the undersigned would possess if personally present, in accordance with
the following instructions.
If more than one of the proxies, or their substitutes, are present at the
Meeting or any adjournment thereof, they jointly (or, if only one is present and
voting, then that one) shall have authority and may exercise all powers granted
hereby. This Proxy, when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS
PROXY WILL BE VOTED FOR EACH OF THE PROPOSALS DESCRIBED ABOVE AND IN THE
DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE
THE MEETING.
The undersigned hereby acknowledges receipt of the accompanying Notice of
Meeting and Proxy Statement for the Meeting to be held on May 23, 1996.
PLEASE VOTE, DATE AND SIGN ON OTHER SIDE AND RETURN PROMPTLY IN THE ENCLOSED
ENVELOPE.
Please sign this proxy exactly as your name appears on the books of the Fund.
Joint owners should each sign personally. Trustees and other fiduciaries should
indicate the capacity in which they sign, and where more than one name appears,
a majority must sign. If a corporation, this signature should be that of an
authorized officer who should state his or her title.
<TABLE>
<S> <C>
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ---------------------------------------------------- ----------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ---------------------------------------------------- ----------------------------------------------------
</TABLE>
/X/ PLEASE MARK VOTES
AS IN THIS EXAMPLE
<TABLE>
<CAPTION>
FOR ALL
FOR WITHHOLD EXCEPT
<S> <C> <C> <C>
1.) Authority to vote for the / / / / / /
election as Class I Trustees
the nominees named below:
DAVID C. ARCH, HOWARD J KERR, DENNIS J. MCDONNELL
To withhold authority to vote for any individual nominee, strike
a line through the nominee's name and mark the "For All Except"
box. Your shares will be voted for the remaining nominee(s).
Please be sure to sign and date Date
this Proxy.
Shareholder sign here Co-owner sign here
</TABLE>
<TABLE>
<CAPTION>
FOR AGAINST ABSTAIN
<S> <C> <C> <C>
2.) As to the proposal to ratify / / / / / /
the selection of KPMG Peat
Marwick LLP to act as the
independent auditors of the
Fund for the fiscal year ending
October 31, 1996.
3.) Upon any and all other business which may come before the
Meeting or any adjournment thereof.
VAN KAMPEN AMERICAN CAPITAL
ADVANTAGE PENNSYLVANIA MUNICIPAL
INCOME TRUST
Mark box at right if comments or address change have been / /
noted on the reverse side of this card.
RECORD DATE SHARES:
</TABLE>
<PAGE> 78
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
PROXY
VAN KAMPEN AMERICAN CAPITAL ADVANTAGE PENNSYLVANIA
MUNICIPAL INCOME TRUST
MEETING OF SHAREHOLDERS--MAY 23, 1996
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of preferred shares of VAN KAMPEN AMERICAN
CAPITAL ADVANTAGE PENNSYLVANIA MUNICIPAL INCOME TRUST (the
"Fund"), a Pennsylvania trust, hereby appoints Ronald A. Nyberg
and Edward C. Wood III, and each of them, with full power of
substitution and revocation, as proxies to represent the
undersigned at the Meeting of Shareholders to be held at the
offices of the Fund, One Parkview Plaza, Oakbrook Terrace,
Illinois 60181, on May 23, 1996, at 2:00 p.m. and at any and all
adjournments thereof (the "Meeting"), and thereat to vote all
preferred shares which the undersigned would be entitled to vote,
with all powers the undersigned would possess if personally
present, in accordance with the following instructions:
1. Not applicable to the Fund.
2. FOR / / AGAINST / / ABSTAIN / / as to the proposal to
ratify the selection
of KPMG Peat Marwick
LLP to act as the
independent auditors
of the Fund for the
fiscal year ending
October 31, 1996.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
(Continued from other side)
Account Number No. of Shares Proxy No.
3. Upon any and all other business which may come before the
Meeting or any adjournment thereof.
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting, then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED FOR EACH OF THE
PROPOSALS DESCRIBED ABOVE AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND PROXY STATEMENT FOR THE MEETING TO BE HELD
ON MAY 23, 1996.
DATED: , 19
----------------------------
----------------------------
SIGNATURE(S)
PLEASE SIGN EXACTLY AS YOUR
NAME OR NAMES APPEAR ON THIS
PROXY. WHEN SIGNING AS
ATTORNEY, TRUSTEE, EXECUTOR,
ADMINISTRATOR, CUSTODIAN,
GUARDIAN OR CORPORATE
OFFICER, PLEASE GIVE FULL
TITLE. IF SHARES ARE HELD
JOINTLY, EACH HOLDER SHOULD
SIGN.
<PAGE> 79
PROXY VAN KAMPEN AMERICAN CAPITAL PROXY
MUNICIPAL TRUST
MEETING OF SHAREHOLDERS TO BE HELD ON MAY 23, 1996
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of common shares of VAN KAMPEN AMERICAN CAPITAL MUNICIPAL
TRUST (the "Fund"), a Massachusetts business trust, hereby appoints Ronald A.
Nyberg and Edward C. Wood III, and each of them, with full power of substitution
and revocation, as proxies to represent the undersigned at the Meeting of
Shareholders to be held at the offices of the Fund, One Parkview Plaza, Oakbrook
Terrace, Illinois 60181 on May 23, 1996 at 2:00 p.m., and at any and all
adjournments thereof (the "Meeting"), and thereat to vote all common shares of
the Fund which the undersigned would be entitled to vote, with all powers the
undersigned would possess if personally present, in accordance with the
following instructions.
If more than one of the proxies, or their substitutes, are present at the
Meeting or any adjournment thereof, they jointly (or, if only one is present and
voting, then that one) shall have authority and may exercise all powers granted
hereby. This Proxy, when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS
PROXY WILL BE VOTED FOR EACH OF THE PROPOSALS DESCRIBED ABOVE AND IN THE
DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE
THE MEETING.
The undersigned hereby acknowledges receipt of the accompanying Notice of
Meeting and Proxy Statement for the Meeting to be held on May 23, 1996.
PLEASE VOTE, DATE AND SIGN ON OTHER SIDE AND RETURN PROMPTLY IN THE ENCLOSED
ENVELOPE.
Please sign this proxy exactly as your name appears on the books of the Fund.
Joint owners should each sign personally. Trustees and other fiduciaries should
indicate the capacity in which they sign, and where more than one name appears,
a majority must sign. If a corporation, this signature should be that of an
authorized officer who should state his or her title.
<TABLE>
<S> <C>
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ---------------------------------------------------- ----------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ---------------------------------------------------- ----------------------------------------------------
</TABLE>
/X/ PLEASE MARK VOTES
AS IN THIS EXAMPLE
<TABLE>
<CAPTION>
FOR ALL
FOR WITHHOLD EXCEPT
<S> <C> <C> <C>
1.) Authority to vote for the / / / / / /
election as Class I Trustees
the nominees named below:
DAVID C. ARCH, HOWARD J KERR, DENNIS J. MCDONNELL
To withhold authority to vote for any individual nominee, strike
a line through the nominee's name and mark the "For All Except"
box. Your shares will be voted for the remaining nominee(s).
Please be sure to sign and date Date
this Proxy.
Shareholder sign here Co-owner sign here
</TABLE>
<TABLE>
<CAPTION>
FOR AGAINST ABSTAIN
<S> <C> <C> <C>
2.) As to the proposal to ratify / / / / / /
the selection of KPMG Peat
Marwick LLP to act as the
independent auditors of the
Fund for the fiscal year ending
August 31, 1996.
3.) Upon any and all other business which may come before the
Meeting or any adjournment thereof.
VAN KAMPEN AMERICAN CAPITAL
MUNICIPAL TRUST
Mark box at right if comments or address change have been / /
noted on the reverse side of this card.
RECORD DATE SHARES:
</TABLE>
<PAGE> 80
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
PROXY
VAN KAMPEN AMERICAN CAPITAL MUNICIPAL TRUST
MEETING OF SHAREHOLDERS--MAY 23, 1996
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of preferred shares of VAN KAMPEN AMERICAN
CAPITAL MUNICIPAL TRUST (the "Fund"), a Massachusetts business
trust, hereby appoints Ronald A. Nyberg and Edward C. Wood III,
and each of them, with full power of substitution and revocation,
as proxies to represent the undersigned at the Meeting of
Shareholders to be held at the offices of the Fund, One Parkview
Plaza, Oakbrook Terrace, Illinois 60181, on May 23, 1996, at 2:00
p.m. and at any and all adjournments thereof (the "Meeting"), and
thereat to vote all preferred shares which the undersigned would
be entitled to vote, with all powers the undersigned would
possess if personally present, in accordance with the following
instructions:
1. Not applicable to the Fund.
2. FOR / / AGAINST / / ABSTAIN / / as to the proposal to
ratify the selection
of KPMG Peat Marwick
LLP to act as the
independent auditors
of the Fund for the
fiscal year ending
August 31, 1996.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
(Continued from other side)
Account Number No. of Shares Proxy No.
3. Upon any and all other business which may come before the
Meeting or any adjournment thereof.
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting, then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED FOR EACH OF THE
PROPOSALS DESCRIBED ABOVE AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND PROXY STATEMENT FOR THE MEETING TO BE HELD
ON MAY 23, 1996.
DATED: , 19
----------------------------
----------------------------
SIGNATURE(S)
PLEASE SIGN EXACTLY AS YOUR
NAME OR NAMES APPEAR ON THIS
PROXY. WHEN SIGNING AS
ATTORNEY, TRUSTEE, EXECUTOR,
ADMINISTRATOR, CUSTODIAN,
GUARDIAN OR CORPORATE
OFFICER, PLEASE GIVE FULL
TITLE. IF SHARES ARE HELD
JOINTLY, EACH HOLDER SHOULD
SIGN.
<PAGE> 81
PROXY VAN KAMPEN AMERICAN CAPITAL PROXY
CALIFORNIA QUALITY MUNICIPAL TRUST
MEETING OF SHAREHOLDERS TO BE HELD ON MAY 23, 1996
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of common shares of VAN KAMPEN AMERICAN CAPITAL
CALIFORNIA QUALITY MUNICIPAL TRUST (the "Fund"), a Massachusetts business trust,
hereby appoints Ronald A. Nyberg and Edward C. Wood III, and each of them, with
full power of substitution and revocation, as proxies to represent the
undersigned at the Meeting of Shareholders to be held at the offices of the
Fund, One Parkview Plaza, Oakbrook Terrace, Illinois 60181 on May 23, 1996 at
2:00 p.m., and at any and all adjournments thereof (the "Meeting"), and thereat
to vote all common shares of the Fund which the undersigned would be entitled to
vote, with all powers the undersigned would possess if personally present, in
accordance with the following instructions.
If more than one of the proxies, or their substitutes, are present at the
Meeting or any adjournment thereof, they jointly (or, if only one is present and
voting, then that one) shall have authority and may exercise all powers granted
hereby. This Proxy, when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS
PROXY WILL BE VOTED FOR EACH OF THE PROPOSALS DESCRIBED ABOVE AND IN THE
DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE
THE MEETING.
The undersigned hereby acknowledges receipt of the accompanying Notice of
Meeting and Proxy Statement for the Meeting to be held on May 23, 1996.
PLEASE VOTE, DATE AND SIGN ON OTHER SIDE AND RETURN PROMPTLY IN THE ENCLOSED
ENVELOPE.
Please sign this proxy exactly as your name appears on the books of the Fund.
Joint owners should each sign personally. Trustees and other fiduciaries should
indicate the capacity in which they sign, and where more than one name appears,
a majority must sign. If a corporation, this signature should be that of an
authorized officer who should state his or her title.
<TABLE>
<S> <C>
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ---------------------------------------------------- ----------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ---------------------------------------------------- ----------------------------------------------------
</TABLE>
/X/ PLEASE MARK VOTES
AS IN THIS EXAMPLE
<TABLE>
<CAPTION>
FOR ALL
FOR WITHHOLD EXCEPT
<S> <C> <C> <C>
1.) Authority to vote for the / / / / / /
election as Class I Trustees
the nominees named below:
DAVID C. ARCH, HOWARD J KERR, DENNIS J. MCDONNELL
To withhold authority to vote for any individual nominee, strike
a line through the nominee's name and mark the "For All Except"
box. Your shares will be voted for the remaining nominee(s).
Please be sure to sign and date Date
this Proxy.
Shareholder sign here Co-owner sign here
</TABLE>
<TABLE>
<CAPTION>
FOR AGAINST ABSTAIN
<S> <C> <C> <C>
2.) As to the proposal to ratify / / / / / /
the selection of KPMG Peat
Marwick LLP to act as the
independent auditors of the
Fund for the fiscal year ending
August 31, 1996.
3.) Upon any and all other business which may come before the
Meeting or any adjournment thereof.
VAN KAMPEN AMERICAN CAPITAL
CALIFORNIA QUALITY MUNICIPAL TRUST
Mark box at right if comments or address change have been / /
noted on the reverse side of this card.
RECORD DATE SHARES:
</TABLE>
<PAGE> 82
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
PROXY
VAN KAMPEN AMERICAN CAPITAL CALIFORNIA QUALITY MUNICIPAL TRUST
MEETING OF SHAREHOLDERS--MAY 23, 1996
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of preferred shares of VAN KAMPEN AMERICAN
CAPITAL CALIFORNIA QUALITY MUNICIPAL TRUST (the "Fund"), a
Massachusetts business trust, hereby appoints Ronald A. Nyberg
and Edward C. Wood III, and each of them, with full power of
substitution and revocation, as proxies to represent the
undersigned at the Meeting of Shareholders to be held at the
offices of the Fund, One Parkview Plaza, Oakbrook Terrace,
Illinois 60181, on May 23, 1996, at 2:00 p.m. and at any and all
adjournments thereof (the "Meeting"), and thereat to vote all
preferred shares which the undersigned would be entitled to vote,
with all powers the undersigned would possess if personally
present, in accordance with the following instructions:
1. Not applicable to the Fund.
2. FOR / / AGAINST / / ABSTAIN / / as to the proposal to
ratify the selection
of KPMG Peat Marwick
LLP to act as the
independent auditors
of the Fund for the
fiscal year ending
August 31, 1996.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
(Continued from other side)
Account Number No. of Shares Proxy No.
3. Upon any and all other business which may come before the
Meeting or any adjournment thereof.
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting, then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED FOR EACH OF THE
PROPOSALS DESCRIBED ABOVE AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND PROXY STATEMENT FOR THE MEETING TO BE HELD
ON MAY 23, 1996.
DATED: , 19
----------------------------
----------------------------
SIGNATURE(S)
PLEASE SIGN EXACTLY AS YOUR
NAME OR NAMES APPEAR ON THIS
PROXY. WHEN SIGNING AS
ATTORNEY, TRUSTEE, EXECUTOR,
ADMINISTRATOR, CUSTODIAN,
GUARDIAN OR CORPORATE
OFFICER, PLEASE GIVE FULL
TITLE. IF SHARES ARE HELD
JOINTLY, EACH HOLDER SHOULD
SIGN.
<PAGE> 83
PROXY VAN KAMPEN AMERICAN CAPITAL PROXY
FLORIDA QUALITY MUNICIPAL TRUST
MEETING OF SHAREHOLDERS TO BE HELD ON MAY 23, 1996
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of common shares of VAN KAMPEN AMERICAN CAPITAL FLORIDA
QUALITY MUNICIPAL TRUST (the "Fund"), a Massachusetts business trust, hereby
appoints Ronald A. Nyberg and Edward C. Wood III, and each of them, with full
power of substitution and revocation, as proxies to represent the undersigned at
the Meeting of Shareholders to be held at the offices of the Fund, One Parkview
Plaza, Oakbrook Terrace, Illinois 60181 on May 23, 1996 at 2:00 p.m., and at any
and all adjournments thereof (the "Meeting"), and thereat to vote all common
shares of the Fund which the undersigned would be entitled to vote, with all
powers the undersigned would possess if personally present, in accordance with
the following instructions.
If more than one of the proxies, or their substitutes, are present at the
Meeting or any adjournment thereof, they jointly (or, if only one is present and
voting, then that one) shall have authority and may exercise all powers granted
hereby. This Proxy, when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS
PROXY WILL BE VOTED FOR EACH OF THE PROPOSALS DESCRIBED ABOVE AND IN THE
DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE
THE MEETING.
The undersigned hereby acknowledges receipt of the accompanying Notice of
Meeting and Proxy Statement for the Meeting to be held on May 23, 1996.
PLEASE VOTE, DATE AND SIGN ON OTHER SIDE AND RETURN PROMPTLY IN THE ENCLOSED
ENVELOPE.
Please sign this proxy exactly as your name appears on the books of the Fund.
Joint owners should each sign personally. Trustees and other fiduciaries should
indicate the capacity in which they sign, and where more than one name appears,
a majority must sign. If a corporation, this signature should be that of an
authorized officer who should state his or her title.
<TABLE>
<S> <C>
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ---------------------------------------------------- ----------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ---------------------------------------------------- ----------------------------------------------------
</TABLE>
/X/ PLEASE MARK VOTES
AS IN THIS EXAMPLE
<TABLE>
<CAPTION>
FOR ALL
FOR WITHHOLD EXCEPT
<S> <C> <C> <C>
1.) Authority to vote for the / / / / / /
election as Class I Trustees
the nominees named below:
DAVID C. ARCH, HOWARD J KERR, DENNIS J. MCDONNELL
To withhold authority to vote for any individual nominee, strike
a line through the nominee's name and mark the "For All Except"
box. Your shares will be voted for the remaining nominee(s).
Please be sure to sign and date Date
this Proxy.
Shareholder sign here Co-owner sign here
</TABLE>
<TABLE>
<CAPTION>
FOR AGAINST ABSTAIN
<S> <C> <C> <C>
2.) As to the proposal to ratify / / / / / /
the selection of KPMG Peat
Marwick LLP to act as the
independent auditors of the
Fund for the fiscal year ending
August 31, 1996.
3.) Upon any and all other business which may come before the
Meeting or any adjournment thereof.
VAN KAMPEN AMERICAN CAPITAL
FLORIDA QUALITY MUNICIPAL TRUST
Mark box at right if comments or address change have been / /
noted on the reverse side of this card.
RECORD DATE SHARES:
</TABLE>
<PAGE> 84
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
PROXY
VAN KAMPEN AMERICAN CAPITAL FLORIDA QUALITY MUNICIPAL TRUST
MEETING OF SHAREHOLDERS--MAY 23, 1996
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of preferred shares of VAN KAMPEN AMERICAN
CAPITAL FLORIDA QUALITY MUNICIPAL TRUST (the "Fund"), a
Massachusetts business trust, hereby appoints Ronald A. Nyberg
and Edward C. Wood III, and each of them, with full power of
substitution and revocation, as proxies to represent the
undersigned at the Meeting of Shareholders to be held at the
offices of the Fund, One Parkview Plaza, Oakbrook Terrace,
Illinois 60181, on May 23, 1996, at 2:00 p.m. and at any and all
adjournments thereof (the "Meeting"), and thereat to vote all
preferred shares which the undersigned would be entitled to vote,
with all powers the undersigned would possess if personally
present, in accordance with the following instructions:
1. Not applicable to the Fund.
2. FOR / / AGAINST / / ABSTAIN / / as to the proposal to
ratify the selection
of KPMG Peat Marwick
LLP to act as the
independent auditors
of the Fund for the
fiscal year ending
August 31, 1996.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
(Continued from other side)
Account Number No. of Shares Proxy No.
3. Upon any and all other business which may come before the
Meeting or any adjournment thereof.
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting, then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED FOR EACH OF THE
PROPOSALS DESCRIBED ABOVE AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND PROXY STATEMENT FOR THE MEETING TO BE HELD
ON MAY 23, 1996.
DATED: , 19
----------------------------
----------------------------
SIGNATURE(S)
PLEASE SIGN EXACTLY AS YOUR
NAME OR NAMES APPEAR ON THIS
PROXY. WHEN SIGNING AS
ATTORNEY, TRUSTEE, EXECUTOR,
ADMINISTRATOR, CUSTODIAN,
GUARDIAN OR CORPORATE
OFFICER, PLEASE GIVE FULL
TITLE. IF SHARES ARE HELD
JOINTLY, EACH HOLDER SHOULD
SIGN.
<PAGE> 85
PROXY VAN KAMPEN AMERICAN CAPITAL PROXY
OHIO QUALITY MUNICIPAL TRUST
MEETING OF SHAREHOLDERS TO BE HELD ON MAY 23, 1996
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of common shares of VAN KAMPEN AMERICAN CAPITAL OHIO
QUALITY MUNICIPAL TRUST (the "Fund"), a Massachusetts business trust, hereby
appoints Ronald A. Nyberg and Edward C. Wood III, and each of them, with full
power of substitution and revocation, as proxies to represent the undersigned at
the Meeting of Shareholders to be held at the offices of the Fund, One Parkview
Plaza, Oakbrook Terrace, Illinois 60181 on May 23, 1996 at 2:00 p.m., and at any
and all adjournments thereof (the "Meeting"), and thereat to vote all common
shares of the Fund which the undersigned would be entitled to vote, with all
powers the undersigned would possess if personally present, in accordance with
the following instructions.
If more than one of the proxies, or their substitutes, are present at the
Meeting or any adjournment thereof, they jointly (or, if only one is present and
voting, then that one) shall have authority and may exercise all powers granted
hereby. This Proxy, when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS
PROXY WILL BE VOTED FOR EACH OF THE PROPOSALS DESCRIBED ABOVE AND IN THE
DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE
THE MEETING.
The undersigned hereby acknowledges receipt of the accompanying Notice of
Meeting and Proxy Statement for the Meeting to be held on May 23, 1996.
PLEASE VOTE, DATE AND SIGN ON OTHER SIDE AND RETURN PROMPTLY IN THE ENCLOSED
ENVELOPE.
Please sign this proxy exactly as your name appears on the books of the Fund.
Joint owners should each sign personally. Trustees and other fiduciaries should
indicate the capacity in which they sign, and where more than one name appears,
a majority must sign. If a corporation, this signature should be that of an
authorized officer who should state his or her title.
<TABLE>
<S> <C>
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ---------------------------------------------------- ----------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ---------------------------------------------------- ----------------------------------------------------
</TABLE>
/X/ PLEASE MARK VOTES
AS IN THIS EXAMPLE
<TABLE>
<CAPTION>
FOR ALL
FOR WITHHOLD EXCEPT
<S> <C> <C> <C>
1.) Authority to vote for the / / / / / /
election as Class I Trustees
the nominees named below:
DAVID C. ARCH, HOWARD J KERR, DENNIS J. MCDONNELL
To withhold authority to vote for any individual nominee, strike
a line through the nominee's name and mark the "For All Except"
box. Your shares will be voted for the remaining nominee(s).
Please be sure to sign and date Date
this Proxy.
Shareholder sign here Co-owner sign here
</TABLE>
<TABLE>
<CAPTION>
FOR AGAINST ABSTAIN
<S> <C> <C> <C>
2.) As to the proposal to ratify / / / / / /
the selection of KPMG Peat
Marwick LLP to act as the
independent auditors of the
Fund for the fiscal year ending
August 31, 1996.
3.) Upon any and all other business which may come before the
Meeting or any adjournment thereof.
VAN KAMPEN AMERICAN CAPITAL
OHIO QUALITY MUNICIPAL TRUST
Mark box at right if comments or address change have been / /
noted on the reverse side of this card.
RECORD DATE SHARES:
</TABLE>
<PAGE> 86
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
PROXY
VAN KAMPEN AMERICAN CAPITAL OHIO QUALITY MUNICIPAL TRUST
MEETING OF SHAREHOLDERS--MAY 23, 1996
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of preferred shares of VAN KAMPEN AMERICAN
CAPITAL OHIO QUALITY MUNICIPAL TRUST (the "Fund"), a
Massachusetts business trust, hereby appoints Ronald A. Nyberg
and Edward C. Wood III, and each of them, with full power of
substitution and revocation, as proxies to represent the
undersigned at the Meeting of Shareholders to be held at the
offices of the Fund, One Parkview Plaza, Oakbrook Terrace,
Illinois 60181, on May 23, 1996, at 2:00 p.m. and at any and all
adjournments thereof (the "Meeting"), and thereat to vote all
preferred shares which the undersigned would be entitled to vote,
with all powers the undersigned would possess if personally
present, in accordance with the following instructions:
1. Not applicable to the Fund.
2. FOR / / AGAINST / / ABSTAIN / / as to the proposal to
ratify the selection
of KPMG Peat Marwick
LLP to act as the
independent auditors
of the Fund for the
fiscal year ending
August 31, 1996.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
(Continued from other side)
Account Number No. of Shares Proxy No.
3. Upon any and all other business which may come before the
Meeting or any adjournment thereof.
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting, then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED FOR EACH OF THE
PROPOSALS DESCRIBED ABOVE AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND PROXY STATEMENT FOR THE MEETING TO BE HELD
ON MAY 23, 1996.
DATED: , 19
----------------------------
----------------------------
SIGNATURE(S)
PLEASE SIGN EXACTLY AS YOUR
NAME OR NAMES APPEAR ON THIS
PROXY. WHEN SIGNING AS
ATTORNEY, TRUSTEE, EXECUTOR,
ADMINISTRATOR, CUSTODIAN,
GUARDIAN OR CORPORATE
OFFICER, PLEASE GIVE FULL
TITLE. IF SHARES ARE HELD
JOINTLY, EACH HOLDER SHOULD
SIGN.
<PAGE> 87
PROXY VAN KAMPEN AMERICAN CAPITAL PROXY
NEW YORK QUALITY MUNICIPAL TRUST
MEETING OF SHAREHOLDERS TO BE HELD ON MAY 23, 1996
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of common shares of VAN KAMPEN AMERICAN CAPITAL NEW YORK
QUALITY MUNICIPAL TRUST (the "Fund"), a Massachusetts business trust, hereby
appoints Ronald A. Nyberg and Edward C. Wood III, and each of them, with full
power of substitution and revocation, as proxies to represent the undersigned at
the Meeting of Shareholders to be held at the offices of the Fund, One Parkview
Plaza, Oakbrook Terrace, Illinois 60181 on May 23, 1996 at 2:00 p.m., and at any
and all adjournments thereof (the "Meeting"), and thereat to vote all common
shares of the Fund which the undersigned would be entitled to vote, with all
powers the undersigned would possess if personally present, in accordance with
the following instructions.
If more than one of the proxies, or their substitutes, are present at the
Meeting or any adjournment thereof, they jointly (or, if only one is present and
voting, then that one) shall have authority and may exercise all powers granted
hereby. This Proxy, when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS
PROXY WILL BE VOTED FOR EACH OF THE PROPOSALS DESCRIBED ABOVE AND IN THE
DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE
THE MEETING.
The undersigned hereby acknowledges receipt of the accompanying Notice of
Meeting and Proxy Statement for the Meeting to be held on May 23, 1996.
PLEASE VOTE, DATE AND SIGN ON OTHER SIDE AND RETURN PROMPTLY IN THE ENCLOSED
ENVELOPE.
Please sign this proxy exactly as your name appears on the books of the Fund.
Joint owners should each sign personally. Trustees and other fiduciaries should
indicate the capacity in which they sign, and where more than one name appears,
a majority must sign. If a corporation, this signature should be that of an
authorized officer who should state his or her title.
<TABLE>
<S> <C>
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ---------------------------------------------------- ----------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ---------------------------------------------------- ----------------------------------------------------
</TABLE>
/X/ PLEASE MARK VOTES
AS IN THIS EXAMPLE
<TABLE>
<CAPTION>
FOR ALL
FOR WITHHOLD EXCEPT
<S> <C> <C> <C>
1.) Authority to vote for the / / / / / /
election as Class I Trustees
the nominees named below:
DAVID C. ARCH, HOWARD J KERR, DENNIS J. MCDONNELL
To withhold authority to vote for any individual nominee, strike
a line through the nominee's name and mark the "For All Except"
box. Your shares will be voted for the remaining nominee(s).
Please be sure to sign and date Date
this Proxy.
Shareholder sign here Co-owner sign here
</TABLE>
<TABLE>
<CAPTION>
FOR AGAINST ABSTAIN
<S> <C> <C> <C>
2.) As to the proposal to ratify / / / / / /
the selection of KPMG Peat
Marwick LLP to act as the
independent auditors of the
Fund for the fiscal year ending
August 31, 1996.
3.) Upon any and all other business which may come before the
Meeting or any adjournment thereof.
VAN KAMPEN AMERICAN CAPITAL
NEW YORK QUALITY MUNICIPAL TRUST
Mark box at right if comments or address change have been / /
noted on the reverse side of this card.
RECORD DATE SHARES:
</TABLE>
<PAGE> 88
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
PROXY
VAN KAMPEN AMERICAN CAPITAL NEW YORK QUALITY MUNICIPAL TRUST
MEETING OF SHAREHOLDERS--MAY 23, 1996
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of preferred shares of VAN KAMPEN AMERICAN
CAPITAL NEW YORK QUALITY MUNICIPAL TRUST (the "Fund"), a
Massachusetts business trust, hereby appoints Ronald A. Nyberg
and Edward C. Wood III, and each of them, with full power of
substitution and revocation, as proxies to represent the
undersigned at the Meeting of Shareholders to be held at the
offices of the Fund, One Parkview Plaza, Oakbrook Terrace,
Illinois 60181, on May 23, 1996, at 2:00 p.m. and at any and all
adjournments thereof (the "Meeting"), and thereat to vote all
preferred shares which the undersigned would be entitled to vote,
with all powers the undersigned would possess if personally
present, in accordance with the following instructions:
1. Not applicable to the Fund.
2. FOR / / AGAINST / / ABSTAIN / / as to the proposal to
ratify the selection
of KPMG Peat Marwick
LLP to act as the
independent auditors
of the Fund for the
fiscal year ending
August 31, 1996.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
(Continued from other side)
Account Number No. of Shares Proxy No.
3. Upon any and all other business which may come before the
Meeting or any adjournment thereof.
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting, then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED FOR EACH OF THE
PROPOSALS DESCRIBED ABOVE AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND PROXY STATEMENT FOR THE MEETING TO BE HELD
ON MAY 23, 1996.
DATED: , 19
----------------------------
----------------------------
SIGNATURE(S)
PLEASE SIGN EXACTLY AS YOUR
NAME OR NAMES APPEAR ON THIS
PROXY. WHEN SIGNING AS
ATTORNEY, TRUSTEE, EXECUTOR,
ADMINISTRATOR, CUSTODIAN,
GUARDIAN OR CORPORATE
OFFICER, PLEASE GIVE FULL
TITLE. IF SHARES ARE HELD
JOINTLY, EACH HOLDER SHOULD
SIGN.
<PAGE> 89
PROXY VAN KAMPEN AMERICAN CAPITAL PROXY
PENNSYLVANIA QUALITY MUNICIPAL TRUST
MEETING OF SHAREHOLDERS TO BE HELD ON MAY 23, 1996
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of common shares of VAN KAMPEN AMERICAN CAPITAL
PENNSYLVANIA QUALITY MUNICIPAL TRUST (the "Fund"), a Pennsylvania trust, hereby
appoints Ronald A. Nyberg and Edward C. Wood III, and each of them, with full
power of substitution and revocation, as proxies to represent the undersigned at
the Meeting of Shareholders to be held at the offices of the Fund, One Parkview
Plaza, Oakbrook Terrace, Illinois 60181 on May 23, 1996 at 2:00 p.m., and at any
and all adjournments thereof (the "Meeting"), and thereat to vote all common
shares of the Fund which the undersigned would be entitled to vote, with all
powers the undersigned would possess if personally present, in accordance with
the following instructions.
If more than one of the proxies, or their substitutes, are present at the
Meeting or any adjournment thereof, they jointly (or, if only one is present and
voting, then that one) shall have authority and may exercise all powers granted
hereby. This Proxy, when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS
PROXY WILL BE VOTED FOR EACH OF THE PROPOSALS DESCRIBED ABOVE AND IN THE
DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE
THE MEETING.
The undersigned hereby acknowledges receipt of the accompanying Notice of
Meeting and Proxy Statement for the Meeting to be held on May 23, 1996.
PLEASE VOTE, DATE AND SIGN ON OTHER SIDE AND RETURN PROMPTLY IN THE ENCLOSED
ENVELOPE.
Please sign this proxy exactly as your name appears on the books of the Fund.
Joint owners should each sign personally. Trustees and other fiduciaries should
indicate the capacity in which they sign, and where more than one name appears,
a majority must sign. If a corporation, this signature should be that of an
authorized officer who should state his or her title.
<TABLE>
<S> <C>
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ---------------------------------------------------- ----------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ---------------------------------------------------- ----------------------------------------------------
</TABLE>
/X/ PLEASE MARK VOTES
AS IN THIS EXAMPLE
<TABLE>
<CAPTION>
FOR ALL
FOR WITHHOLD EXCEPT
<S> <C> <C> <C>
1.) Authority to vote for the / / / / / /
election as Class I Trustees
the nominees named below:
DAVID C. ARCH, HOWARD J KERR, DENNIS J. MCDONNELL
To withhold authority to vote for any individual nominee, strike
a line through the nominee's name and mark the "For All Except"
box. Your shares will be voted for the remaining nominee(s).
Please be sure to sign and date Date
this Proxy.
Shareholder sign here Co-owner sign here
</TABLE>
<TABLE>
<CAPTION>
FOR AGAINST ABSTAIN
<S> <C> <C> <C>
2.) As to the proposal to ratify / / / / / /
the selection of KPMG Peat
Marwick LLP to act as the
independent auditors of the
Fund for the fiscal year ending
August 31, 1996.
3.) Upon any and all other business which may come before the
Meeting or any adjournment thereof.
VAN KAMPEN AMERICAN CAPITAL
PENNSYLVANIA QUALITY
MUNICIPAL TRUST
Mark box at right if comments or address change have been / /
noted on the reverse side of this card.
RECORD DATE SHARES:
</TABLE>
<PAGE> 90
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
PROXY
VAN KAMPEN AMERICAN CAPITAL PENNSYLVANIA QUALITY MUNICIPAL TRUST
MEETING OF SHAREHOLDERS--MAY 23, 1996
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of preferred shares of VAN KAMPEN AMERICAN
CAPITAL PENNSYLVANIA QUALITY MUNICIPAL TRUST (the "Fund"), a
Pennsylvania trust, hereby appoints Ronald A. Nyberg and Edward
C. Wood III, and each of them, with full power of substitution
and revocation, as proxies to represent the undersigned at the
Meeting of Shareholders to be held at the offices of the Fund,
One Parkview Plaza, Oakbrook Terrace, Illinois 60181, on May 23,
1996, at 2:00 p.m. and at any and all adjournments thereof (the
"Meeting"), and thereat to vote all preferred shares which the
undersigned would be entitled to vote, with all powers the
undersigned would possess if personally present, in accordance
with the following instructions:
1. Not applicable to the Fund.
2. FOR / / AGAINST / / ABSTAIN / / as to the proposal to
ratify the selection
of KPMG Peat Marwick
LLP to act as the
independent auditors
of the Fund for the
fiscal year ending
August 31, 1996.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
(Continued from other side)
Account Number No. of Shares Proxy No.
3. Upon any and all other business which may come before the
Meeting or any adjournment thereof.
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting, then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED FOR EACH OF THE
PROPOSALS DESCRIBED ABOVE AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND PROXY STATEMENT FOR THE MEETING TO BE HELD
ON MAY 23, 1996.
DATED: , 19
----------------------------
----------------------------
SIGNATURE(S)
PLEASE SIGN EXACTLY AS YOUR
NAME OR NAMES APPEAR ON THIS
PROXY. WHEN SIGNING AS
ATTORNEY, TRUSTEE, EXECUTOR,
ADMINISTRATOR, CUSTODIAN,
GUARDIAN OR CORPORATE
OFFICER, PLEASE GIVE FULL
TITLE. IF SHARES ARE HELD
JOINTLY, EACH HOLDER SHOULD
SIGN.
<PAGE> 91
PROXY VAN KAMPEN AMERICAN CAPITAL PROXY
MUNICIPAL INCOME TRUST
MEETING OF SHAREHOLDERS TO BE HELD ON MAY 23, 1996
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of common shares of VAN KAMPEN AMERICAN CAPITAL MUNICIPAL
INCOME TRUST (the "Fund"), a Massachusetts business trust, hereby appoints
Ronald A. Nyberg and Edward C. Wood III, and each of them, with full power of
substitution and revocation, as proxies to represent the undersigned at the
Meeting of Shareholders to be held at the offices of the Fund, One Parkview
Plaza, Oakbrook Terrace, Illinois 60181 on May 23, 1996 at 2:00 p.m., and at any
and all adjournments thereof (the "Meeting"), and thereat to vote all common
shares of the Fund which the undersigned would be entitled to vote, with all
powers the undersigned would possess if personally present, in accordance with
the following instructions.
If more than one of the proxies, or their substitutes, are present at the
Meeting or any adjournment thereof, they jointly (or, if only one is present and
voting, then that one) shall have authority and may exercise all powers granted
hereby. This Proxy, when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS
PROXY WILL BE VOTED FOR EACH OF THE PROPOSALS DESCRIBED ABOVE AND IN THE
DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE
THE MEETING.
The undersigned hereby acknowledges receipt of the accompanying Notice of
Meeting and Proxy Statement for the Meeting to be held on May 23, 1996.
PLEASE VOTE, DATE AND SIGN ON OTHER SIDE AND RETURN PROMPTLY IN THE ENCLOSED
ENVELOPE.
Please sign this proxy exactly as your name appears on the books of the Fund.
Joint owners should each sign personally. Trustees and other fiduciaries should
indicate the capacity in which they sign, and where more than one name appears,
a majority must sign. If a corporation, this signature should be that of an
authorized officer who should state his or her title.
<TABLE>
<S> <C>
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ---------------------------------------------------- ----------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ---------------------------------------------------- ----------------------------------------------------
</TABLE>
/X/ PLEASE MARK VOTES
AS IN THIS EXAMPLE
<TABLE>
<CAPTION>
FOR ALL
FOR WITHHOLD EXCEPT
<S> <C> <C> <C>
1.) Authority to vote for the / / / / / /
election as Class I Trustees
the nominees named below:
DAVID C. ARCH, HOWARD J KERR, DENNIS J. MCDONNELL
To withhold authority to vote for any individual nominee, strike
a line through the nominee's name and mark the "For All Except"
box. Your shares will be voted for the remaining nominee(s).
Please be sure to sign and date Date
this Proxy.
Shareholder sign here Co-owner sign here
</TABLE>
<TABLE>
<CAPTION>
FOR AGAINST ABSTAIN
<S> <C> <C> <C>
2.) As to the proposal to ratify / / / / / /
the selection of KPMG Peat
Marwick LLP to act as the
independent auditors of the
Fund for the fiscal year ending
June 30, 1996.
3.) Upon any and all other business which may come before the
Meeting or any adjournment thereof.
VAN KAMPEN AMERICAN CAPITAL
MUNICIPAL INCOME TRUST
Mark box at right if comments or address change have been / /
noted on the reverse side of this card.
RECORD DATE SHARES:
</TABLE>
<PAGE> 92
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
PROXY
VAN KAMPEN AMERICAN CAPITAL MUNICIPAL INCOME TRUST
MEETING OF SHAREHOLDERS--MAY 23, 1996
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of preferred shares of VAN KAMPEN AMERICAN
CAPITAL MUNICIPAL INCOME TRUST (the "Fund"), a Massachusetts
business trust, hereby appoints Ronald A. Nyberg and Edward C.
Wood III, and each of them, with full power of substitution and
revocation, as proxies to represent the undersigned at the
Meeting of Shareholders to be held at the offices of the Fund,
One Parkview Plaza, Oakbrook Terrace, Illinois 60181, on May 23,
1996, at 2:00 p.m. and at any and all adjournments thereof (the
"Meeting"), and thereat to vote all preferred shares which the
undersigned would be entitled to vote, with all powers the
undersigned would possess if personally present, in accordance
with the following instructions:
1. Not applicable to the Fund.
2. FOR / / AGAINST / / ABSTAIN / / as to the proposal to
ratify the selection
of KPMG Peat Marwick
LLP to act as the
independent auditors
of the Fund for the
fiscal year ending
June 30, 1996.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
(Continued from other side)
Account Number No. of Shares Proxy No.
3. Upon any and all other business which may come before the
Meeting or any adjournment thereof.
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting, then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED FOR EACH OF THE
PROPOSALS DESCRIBED ABOVE AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND PROXY STATEMENT FOR THE MEETING TO BE HELD
ON MAY 23, 1996.
DATED: , 19
----------------------------
----------------------------
SIGNATURE(S)
PLEASE SIGN EXACTLY AS YOUR
NAME OR NAMES APPEAR ON THIS
PROXY. WHEN SIGNING AS
ATTORNEY, TRUSTEE, EXECUTOR,
ADMINISTRATOR, CUSTODIAN,
GUARDIAN OR CORPORATE
OFFICER, PLEASE GIVE FULL
TITLE. IF SHARES ARE HELD
JOINTLY, EACH HOLDER SHOULD
SIGN.
<PAGE> 93
PROXY VAN KAMPEN AMERICAN CAPITAL PROXY
CALIFORNIA MUNICIPAL TRUST
MEETING OF SHAREHOLDERS TO BE HELD ON MAY 23, 1996
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of common shares of VAN KAMPEN AMERICAN CAPITAL
CALIFORNIA MUNICIPAL TRUST (the "Fund"), a Massachusetts business trust, hereby
appoints Ronald A. Nyberg and Edward C. Wood III, and each of them, with full
power of substitution and revocation, as proxies to represent the undersigned at
the Meeting of Shareholders to be held at the offices of the Fund, One Parkview
Plaza, Oakbrook Terrace, Illinois 60181 on May 23, 1996 at 2:00 p.m., and at any
and all adjournments thereof (the "Meeting"), and thereat to vote all common
shares of the Fund which the undersigned would be entitled to vote, with all
powers the undersigned would possess if personally present, in accordance with
the following instructions.
If more than one of the proxies, or their substitutes, are present at the
Meeting or any adjournment thereof, they jointly (or, if only one is present and
voting, then that one) shall have authority and may exercise all powers granted
hereby. This Proxy, when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS
PROXY WILL BE VOTED FOR EACH OF THE PROPOSALS DESCRIBED ABOVE AND IN THE
DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE
THE MEETING.
The undersigned hereby acknowledges receipt of the accompanying Notice of
Meeting and Proxy Statement for the Meeting to be held on May 23, 1996.
PLEASE VOTE, DATE AND SIGN ON OTHER SIDE AND RETURN PROMPTLY IN THE ENCLOSED
ENVELOPE.
Please sign this proxy exactly as your name appears on the books of the Fund.
Joint owners should each sign personally. Trustees and other fiduciaries should
indicate the capacity in which they sign, and where more than one name appears,
a majority must sign. If a corporation, this signature should be that of an
authorized officer who should state his or her title.
<TABLE>
<S> <C>
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ---------------------------------------------------- ----------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ---------------------------------------------------- ----------------------------------------------------
</TABLE>
/X/ PLEASE MARK VOTES
AS IN THIS EXAMPLE
<TABLE>
<CAPTION>
FOR ALL
FOR WITHHOLD EXCEPT
<S> <C> <C> <C>
1.) Authority to vote for the / / / / / /
election as Class I Trustees
the nominees named below:
DAVID C. ARCH, HOWARD J KERR, DENNIS J. MCDONNELL
To withhold authority to vote for any individual nominee, strike
a line through the nominee's name and mark the "For All Except"
box. Your shares will be voted for the remaining nominee(s).
Please be sure to sign and date Date
this Proxy.
Shareholder sign here Co-owner sign here
</TABLE>
<TABLE>
<CAPTION>
FOR AGAINST ABSTAIN
<S> <C> <C> <C>
2.) As to the proposal to ratify / / / / / /
the selection of KPMG Peat
Marwick LLP to act as the
independent auditors of the
Fund for the fiscal year ending
June 30, 1996.
3.) Upon any and all other business which may come before the
Meeting or any adjournment thereof.
VAN KAMPEN AMERICAN CAPITAL
CALIFORNIA MUNICIPAL TRUST
Mark box at right if comments or address change have been / /
noted on the reverse side of this card.
RECORD DATE SHARES:
</TABLE>
<PAGE> 94
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
PROXY
VAN KAMPEN AMERICAN CAPITAL CALIFORNIA MUNICIPAL TRUST
MEETING OF SHAREHOLDERS--MAY 23, 1996
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of preferred shares of VAN KAMPEN AMERICAN
CAPITAL CALIFORNIA MUNICIPAL TRUST (the "Fund"), a Massachusetts
business trust, hereby appoints Ronald A. Nyberg and Edward C.
Wood III, and each of them, with full power of substitution and
revocation, as proxies to represent the undersigned at the
Meeting of Shareholders to be held at the offices of the Fund,
One Parkview Plaza, Oakbrook Terrace, Illinois 60181, on May 23,
1996, at 2:00 p.m. and at any and all adjournments thereof (the
"Meeting"), and thereat to vote all preferred shares which the
undersigned would be entitled to vote, with all powers the
undersigned would possess if personally present, in accordance
with the following instructions:
1. Not applicable to the Fund.
2. FOR / / AGAINST / / ABSTAIN / / as to the proposal to
ratify the selection
of KPMG Peat Marwick
LLP to act as the
independent auditors
of the Fund for the
fiscal year ending
June 30, 1996.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
(Continued from other side)
Account Number No. of Shares Proxy No.
3. Upon any and all other business which may come before the
Meeting or any adjournment thereof.
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting, then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED FOR EACH OF THE
PROPOSALS DESCRIBED ABOVE AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND PROXY STATEMENT FOR THE MEETING TO BE HELD
ON MAY 23, 1996.
DATED: , 19
----------------------------
----------------------------
SIGNATURE(S)
PLEASE SIGN EXACTLY AS YOUR
NAME OR NAMES APPEAR ON THIS
PROXY. WHEN SIGNING AS
ATTORNEY, TRUSTEE, EXECUTOR,
ADMINISTRATOR, CUSTODIAN,
GUARDIAN OR CORPORATE
OFFICER, PLEASE GIVE FULL
TITLE. IF SHARES ARE HELD
JOINTLY, EACH HOLDER SHOULD
SIGN.
<PAGE> 95
PROXY VAN KAMPEN AMERICAN CAPITAL PROXY
LIMITED TERM HIGH INCOME TRUST
MEETING OF SHAREHOLDERS TO BE HELD ON MAY 23, 1996
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of common shares of VAN KAMPEN AMERICAN CAPITAL LIMITED
TERM HIGH INCOME TRUST (the "Fund"), a Massachusetts business trust, hereby
appoints Ronald A. Nyberg and Edward C. Wood III, and each of them, with full
power of substitution and revocation, as proxies to represent the undersigned at
the Meeting of Shareholders to be held at the offices of the Fund, One Parkview
Plaza, Oakbrook Terrace, Illinois 60181 on May 23, 1996 at 2:00 p.m., and at any
and all adjournments thereof (the "Meeting"), and thereat to vote all common
shares of the Fund which the undersigned would be entitled to vote, with all
powers the undersigned would possess if personally present, in accordance with
the following instructions.
If more than one of the proxies, or their substitutes, are present at the
Meeting or any adjournment thereof, they jointly (or, if only one is present and
voting, then that one) shall have authority and may exercise all powers granted
hereby. This Proxy, when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS
PROXY WILL BE VOTED FOR EACH OF THE PROPOSALS DESCRIBED ABOVE AND IN THE
DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE
THE MEETING.
The undersigned hereby acknowledges receipt of the accompanying Notice of
Meeting and Proxy Statement for the Meeting to be held on May 23, 1996.
PLEASE VOTE, DATE AND SIGN ON OTHER SIDE AND RETURN PROMPTLY IN THE ENCLOSED
ENVELOPE.
Please sign this proxy exactly as your name appears on the books of the Fund.
Joint owners should each sign personally. Trustees and other fiduciaries should
indicate the capacity in which they sign, and where more than one name appears,
a majority must sign. If a corporation, this signature should be that of an
authorized officer who should state his or her title.
<TABLE>
<S> <C>
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ---------------------------------------------------- ----------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ---------------------------------------------------- ----------------------------------------------------
</TABLE>
/X/ PLEASE MARK VOTES
AS IN THIS EXAMPLE
<TABLE>
<CAPTION>
FOR ALL
FOR WITHHOLD EXCEPT
<S> <C> <C> <C>
1.) Authority to vote for the / / / / / /
election as Class I Trustees
the nominees named below:
DAVID C. ARCH, HOWARD J KERR, DENNIS J. MCDONNELL
To withhold authority to vote for any individual nominee, strike
a line through the nominee's name and mark the "For All Except"
box. Your shares will be voted for the remaining nominee(s).
Please be sure to sign and date Date
this Proxy.
Shareholder sign here Co-owner sign here
</TABLE>
<TABLE>
<CAPTION>
FOR AGAINST ABSTAIN
<S> <C> <C> <C>
2.) As to the proposal to ratify / / / / / /
the selection of KPMG Peat
Marwick LLP to act as the
independent auditors of the
Fund for the fiscal year ending
December 31, 1996.
3.) Upon any and all other business which may come before the
Meeting or any adjournment thereof.
VAN KAMPEN AMERICAN CAPITAL
LIMITED TERM HIGH INCOME TRUST
Mark box at right if comments or address change have been / /
noted on the reverse side of this card.
RECORD DATE SHARES:
</TABLE>
<PAGE> 96
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
PROXY
VAN KAMPEN AMERICAN CAPITAL LIMITED TERM HIGH INCOME TRUST
MEETING OF SHAREHOLDERS--MAY 23, 1996
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of preferred shares of VAN KAMPEN AMERICAN
CAPITAL LIMITED TERM HIGH INCOME TRUST (the "Fund"), a
Massachusetts business trust, hereby appoints Ronald A. Nyberg
and Edward C. Wood III, and each of them, with full power of
substitution and revocation, as proxies to represent the
undersigned at the Meeting of Shareholders to be held at the
offices of the Fund, One Parkview Plaza, Oakbrook Terrace,
Illinois 60181, on May 23, 1996, at 2:00 p.m. and at any and all
adjournments thereof (the "Meeting"), and thereat to vote all
preferred shares which the undersigned would be entitled to vote,
with all powers the undersigned would possess if personally
present, in accordance with the following instructions:
1. Not applicable to the Fund.
2. FOR / / AGAINST / / ABSTAIN / / as to the proposal to
ratify the selection
of KPMG Peat Marwick
LLP to act as the
independent auditors
of the Fund for the
fiscal year ending
December 31, 1996.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
(Continued from other side)
Account Number No. of Shares Proxy No.
3. Upon any and all other business which may come before the
Meeting or any adjournment thereof.
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting, then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED FOR EACH OF THE
PROPOSALS DESCRIBED ABOVE AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND PROXY STATEMENT FOR THE MEETING TO BE HELD
ON MAY 23, 1996.
DATED: , 19
----------------------------
----------------------------
SIGNATURE(S)
PLEASE SIGN EXACTLY AS YOUR
NAME OR NAMES APPEAR ON THIS
PROXY. WHEN SIGNING AS
ATTORNEY, TRUSTEE, EXECUTOR,
ADMINISTRATOR, CUSTODIAN,
GUARDIAN OR CORPORATE
OFFICER, PLEASE GIVE FULL
TITLE. IF SHARES ARE HELD
JOINTLY, EACH HOLDER SHOULD
SIGN.
<PAGE> 97
PROXY VAN KAMPEN AMERICAN CAPITAL PROXY
INTERMEDIATE TERM HIGH INCOME TRUST
MEETING OF SHAREHOLDERS TO BE HELD ON MAY 23, 1996
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of common shares of VAN KAMPEN AMERICAN CAPITAL
INTERMEDIATE TERM HIGH INCOME TRUST (the "Fund"), a Massachusetts business
trust, hereby appoints Ronald A. Nyberg and Edward C. Wood III, and each of
them, with full power of substitution and revocation, as proxies to represent
the undersigned at the Meeting of Shareholders to be held at the offices of the
Fund, One Parkview Plaza, Oakbrook Terrace, Illinois 60181 on May 23, 1996 at
2:00 p.m., and at any and all adjournments thereof (the "Meeting"), and thereat
to vote all common shares of the Fund which the undersigned would be entitled to
vote, with all powers the undersigned would possess if personally present, in
accordance with the following instructions.
If more than one of the proxies, or their substitutes, are present at the
Meeting or any adjournment thereof, they jointly (or, if only one is present and
voting, then that one) shall have authority and may exercise all powers granted
hereby. This Proxy, when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS
PROXY WILL BE VOTED FOR EACH OF THE PROPOSALS DESCRIBED ABOVE AND IN THE
DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE
THE MEETING.
The undersigned hereby acknowledges receipt of the accompanying Notice of
Meeting and Proxy Statement for the Meeting to be held on May 23, 1996.
PLEASE VOTE, DATE AND SIGN ON OTHER SIDE AND RETURN PROMPTLY IN THE ENCLOSED
ENVELOPE.
Please sign this proxy exactly as your name appears on the books of the Fund.
Joint owners should each sign personally. Trustees and other fiduciaries should
indicate the capacity in which they sign, and where more than one name appears,
a majority must sign. If a corporation, this signature should be that of an
authorized officer who should state his or her title.
<TABLE>
<S> <C>
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ---------------------------------------------------- ----------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ---------------------------------------------------- ----------------------------------------------------
</TABLE>
/X/ PLEASE MARK VOTES
AS IN THIS EXAMPLE
<TABLE>
<CAPTION>
FOR ALL
FOR WITHHOLD EXCEPT
<S> <C> <C> <C>
1.) Authority to vote for the / / / / / /
election as Class I Trustees
the nominees named below:
DAVID C. ARCH, HOWARD J KERR, DENNIS J. MCDONNELL
To withhold authority to vote for any individual nominee, strike
a line through the nominee's name and mark the "For All Except"
box. Your shares will be voted for the remaining nominee(s).
Please be sure to sign and date Date
this Proxy.
Shareholder sign here Co-owner sign here
</TABLE>
<TABLE>
<CAPTION>
FOR AGAINST ABSTAIN
<S> <C> <C> <C>
2.) As to the proposal to ratify / / / / / /
the selection of KPMG Peat
Marwick LLP to act as the
independent auditors of the
Fund for the fiscal year ending
December 31, 1996.
3.) Upon any and all other business which may come before the
Meeting or any adjournment thereof.
VAN KAMPEN AMERICAN CAPITAL
INTERMEDIATE TERM
HIGH INCOME TRUST
Mark box at right if comments or address change have been / /
noted on the reverse side of this card.
RECORD DATE SHARES:
</TABLE>
<PAGE> 98
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
PROXY
VAN KAMPEN AMERICAN CAPITAL INTERMEDIATE TERM HIGH INCOME TRUST
MEETING OF SHAREHOLDERS--MAY 23, 1996
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of preferred shares of VAN KAMPEN AMERICAN
CAPITAL INTERMEDIATE TERM HIGH INCOME TRUST (the "Fund"), a
Massachusetts business trust, hereby appoints Ronald A. Nyberg
and Edward C. Wood III, and each of them, with full power of
substitution and revocation, as proxies to represent the
undersigned at the Meeting of Shareholders to be held at the
offices of the Fund, One Parkview Plaza, Oakbrook Terrace,
Illinois 60181, on May 23, 1996, at 2:00 p.m. and at any and all
adjournments thereof (the "Meeting"), and thereat to vote all
preferred shares which the undersigned would be entitled to vote,
with all powers the undersigned would possess if personally
present, in accordance with the following instructions:
1. Not applicable to the Fund.
2. FOR / / AGAINST / / ABSTAIN / / as to the proposal to
ratify the selection
of KPMG Peat Marwick
LLP to act as the
independent auditors
of the Fund for the
fiscal year ending
December 31, 1996.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
(Continued from other side)
Account Number No. of Shares Proxy No.
3. Upon any and all other business which may come before the
Meeting or any adjournment thereof.
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting, then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED FOR EACH OF THE
PROPOSALS DESCRIBED ABOVE AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND PROXY STATEMENT FOR THE MEETING TO BE HELD
ON MAY 23, 1996.
DATED: , 19
----------------------------
----------------------------
SIGNATURE(S)
PLEASE SIGN EXACTLY AS YOUR
NAME OR NAMES APPEAR ON THIS
PROXY. WHEN SIGNING AS
ATTORNEY, TRUSTEE, EXECUTOR,
ADMINISTRATOR, CUSTODIAN,
GUARDIAN OR CORPORATE
OFFICER, PLEASE GIVE FULL
TITLE. IF SHARES ARE HELD
JOINTLY, EACH HOLDER SHOULD
SIGN.
<PAGE> 99
PROXY VAN KAMPEN AMERICAN CAPITAL PROXY
SELECT SECTOR MUNICIPAL TRUST
MEETING OF SHAREHOLDERS TO BE HELD ON MAY 23, 1996
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of common shares of VAN KAMPEN AMERICAN CAPITAL SELECT
SECTOR MUNICIPAL TRUST (the "Fund"), a Massachusetts business trust, hereby
appoints Ronald A. Nyberg and Edward C. Wood III, and each of them, with full
power of substitution and revocation, as proxies to represent the undersigned at
the Meeting of Shareholders to be held at the offices of the Fund, One Parkview
Plaza, Oakbrook Terrace, Illinois 60181 on May 23, 1996 at 2:00 p.m., and at any
and all adjournments thereof (the "Meeting"), and thereat to vote all common
shares of the Fund which the undersigned would be entitled to vote, with all
powers the undersigned would possess if personally present, in accordance with
the following instructions.
If more than one of the proxies, or their substitutes, are present at the
Meeting or any adjournment thereof, they jointly (or, if only one is present and
voting, then that one) shall have authority and may exercise all powers granted
hereby. This Proxy, when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS
PROXY WILL BE VOTED FOR EACH OF THE PROPOSALS DESCRIBED ABOVE AND IN THE
DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE
THE MEETING.
The undersigned hereby acknowledges receipt of the accompanying Notice of
Meeting and Proxy Statement for the Meeting to be held on May 23, 1996.
PLEASE VOTE, DATE AND SIGN ON OTHER SIDE AND RETURN PROMPTLY IN THE ENCLOSED
ENVELOPE.
Please sign this proxy exactly as your name appears on the books of the Fund.
Joint owners should each sign personally. Trustees and other fiduciaries should
indicate the capacity in which they sign, and where more than one name appears,
a majority must sign. If a corporation, this signature should be that of an
authorized officer who should state his or her title.
<TABLE>
<S> <C>
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ---------------------------------------------------- ----------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ---------------------------------------------------- ----------------------------------------------------
</TABLE>
/X/ PLEASE MARK VOTES
AS IN THIS EXAMPLE
<TABLE>
<CAPTION>
FOR WITHHOLD
<S> <C> <C>
1.) Authority to vote for the / / / /
election as Class II Trustee
the nominee named below:
WAYNE W. WHALEN
Please be sure to sign and date Date
this Proxy.
Shareholder sign here Co-owner sign here
</TABLE>
<TABLE>
<CAPTION>
FOR AGAINST ABSTAIN
<S> <C> <C> <C>
2.) As to the proposal to ratify / / / / / /
the selection of KPMG Peat
Marwick LLP to act as the
independent auditors of the
Fund for the fiscal year ending
October 31, 1996.
3.) Upon any and all other business which may come before the
Meeting or any adjournment thereof.
VAN KAMPEN AMERICAN CAPITAL
SELECT SECTOR MUNICIPAL TRUST
Mark box at right if comments or address change have been / /
noted on the reverse side of this card.
RECORD DATE SHARES:
</TABLE>
<PAGE> 100
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
PROXY
VAN KAMPEN AMERICAN CAPITAL SELECT SECTOR MUNICIPAL TRUST
MEETING OF SHAREHOLDERS--MAY 23, 1996
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of preferred shares of VAN KAMPEN AMERICAN
CAPITAL SELECT SECTOR MUNICIPAL TRUST (the "Fund"), a
Massachusetts business trust, hereby appoints Ronald A. Nyberg
and Edward C. Wood III, and each of them, with full power of
substitution and revocation, as proxies to represent the
undersigned at the Meeting of Shareholders to be held at the
offices of the Fund, One Parkview Plaza, Oakbrook Terrace,
Illinois 60181, on May 23, 1996, at 2:00 p.m. and at any and all
adjournments thereof (the "Meeting"), and thereat to vote all
preferred shares which the undersigned would be entitled to vote,
with all powers the undersigned would possess if personally
present, in accordance with the following instructions:
1. GRANTING / / WITHHOLDING / / authority to vote for the
election as Class II Trustee
for the nominee named below:
Rod Dammeyer
2. FOR / / AGAINST / / ABSTAIN / / as to the proposal to
ratify the selection
of KPMG Peat Marwick
LLP to act as the
independent auditors
of the Fund for the
fiscal year ending
October 31, 1996.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
(Continued from other side)
Account Number No. of Shares Proxy No.
3. Upon any and all other business which may come before the
Meeting or any adjournment thereof.
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting, then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED FOR EACH OF THE
PROPOSALS DESCRIBED ABOVE AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND PROXY STATEMENT FOR THE MEETING TO BE HELD
ON MAY 23, 1996.
DATED: , 19
----------------------------
----------------------------
SIGNATURE(S)
PLEASE SIGN EXACTLY AS YOUR
NAME OR NAMES APPEAR ON THIS
PROXY. WHEN SIGNING AS
ATTORNEY, TRUSTEE, EXECUTOR,
ADMINISTRATOR, CUSTODIAN,
GUARDIAN OR CORPORATE
OFFICER, PLEASE GIVE FULL
TITLE. IF SHARES ARE HELD
JOINTLY, EACH HOLDER SHOULD
SIGN.
