<PAGE> PAGE 1
000 A000000 06/30/97
000 C000000 0000820026
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 VKAC INCOME TRUST
001 B000000 811-05273
001 C000000 6306846000
002 A000000 ONE PARKVIEW PLAZA
002 B000000 OAKBROOK TERRACE
002 C000000 IL
002 D010000 60181
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
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007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A000001 VAN KAMPEN AMERICAN CAPITAL ASSET MGT., INC.
008 B000001 A
008 C000001 801-8286
008 D010001 OAKBROOK TERRACE
008 D020001 IL
008 D030001 60181
010 A000001 VAN KAMPEN AMERICN CAPITAL DISTRIBUTORS, IN.
010 B000001 8-19903
010 C010001 OAKBROOK TERRACE
010 C020001 IL
010 C030001 60181
012 A000001 BOSTON EQUISERVE LP
012 B000001 84-209809
012 C010001 BOSTON
012 C020001 MA
012 C030001 02266
013 A000001 ERNST & YOUNG LLP
013 B010001 HOUSTON
013 B020001 TX
<PAGE> PAGE 2
013 B030001 77010
014 A000001 MORGAN STANLEY & CO., INCORPORATED
014 B000001 8-00733537
014 A000002 DEAN WITTER REYNOLDS, INC.
014 B000002 8-00728181
015 A000001 STATE STREET BANK & TRUST CO.
015 B000001 C
015 C010001 BOSTON
015 C020001 MA
015 C030001 02105
015 E010001 X
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019 A000000 Y
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019 C000000 VANKAMPENA
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022 A000001 BA SECURITIES
022 B000001 95-4035346
022 C000001 127128
022 D000001 862
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022 C000002 42682
022 D000002 1586
022 A000003 DONALDSON LUFKIN JENNRETTE
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022 C000005 6405
022 D000005 3710
022 A000006 MERRILL LYNCH
022 B000006 13-5674085
022 C000006 5585
022 D000006 2786
022 A000007 J.P. MORGAN SECURITIES, INC.
<PAGE> PAGE 3
022 B000007 13-3224016
022 C000007 1670
022 D000007 4922
022 A000008 SALOMON BROTHERS
022 B000008 13-3082694
022 C000008 4864
022 D000008 708
022 A000009 BANKERS TRUST CO.
022 B000009 13-4941247
022 C000009 1964
022 D000009 3113
022 A000010 BEAR STEARNS & CO., INC.
022 B000010 13-3299429
022 C000010 2214
022 D000010 2815
023 C000000 260142
023 D000000 33144
024 000000 Y
025 A000001 BA SECURITIES
025 B000001 95-4035346
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 9
SIGNATURE NICK DALMASO
TITLE ATTORNEY
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
<F1> This item relates to the Fund on a composite
basis and not on a class basis
</LEGEND>
<SERIES>
<NUMBER> 11
<NAME> INCOME TRUST
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 119,585,769 <F1>
<INVESTMENTS-AT-VALUE> 124,296,942 <F1>
<RECEIVABLES> 2,135,510 <F1>
<ASSETS-OTHER> 0 <F1>
<OTHER-ITEMS-ASSETS> 88,432 <F1>
<TOTAL-ASSETS> 126,520,884 <F1>
<PAYABLE-FOR-SECURITIES> 1,334,444 <F1>
<SENIOR-LONG-TERM-DEBT> 0 <F1>
<OTHER-ITEMS-LIABILITIES> 190,212 <F1>
<TOTAL-LIABILITIES> 1,524,656 <F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 141,133,309
<SHARES-COMMON-STOCK> 15,290,019
<SHARES-COMMON-PRIOR> 15,290,019
<ACCUMULATED-NII-CURRENT> 314,056 <F1>
<OVERDISTRIBUTION-NII> 0 <F1>
<ACCUMULATED-NET-GAINS> (21,162,310)<F1>
<OVERDISTRIBUTION-GAINS> 0 <F1>
<ACCUM-APPREC-OR-DEPREC> 4,711,173 <F1>
<NET-ASSETS> 124,996,228
<DIVIDEND-INCOME> 76,789 <F1>
<INTEREST-INCOME> 5,504,828 <F1>
<OTHER-INCOME> 0 <F1>
<EXPENSES-NET> (549,893)<F1>
<NET-INVESTMENT-INCOME> 5,031,724 <F1>
<REALIZED-GAINS-CURRENT> 660,453 <F1>
<APPREC-INCREASE-CURRENT> 1,152,624 <F1>
<NET-CHANGE-FROM-OPS> 6,844,801 <F1>
<EQUALIZATION> 0 <F1>
<DISTRIBUTIONS-OF-INCOME> (4,930,835)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 1,913,966
<ACCUMULATED-NII-PRIOR> 213,167 <F1>
<ACCUMULATED-GAINS-PRIOR> (21,822,763)<F1>
<OVERDISTRIB-NII-PRIOR> 0 <F1>
<OVERDIST-NET-GAINS-PRIOR> 0 <F1>
<GROSS-ADVISORY-FEES> 402,368 <F1>
<INTEREST-EXPENSE> 0 <F1>
<GROSS-EXPENSE> 549,893 <F1>
<AVERAGE-NET-ASSETS> 124,877,622
<PER-SHARE-NAV-BEGIN> 8.050
<PER-SHARE-NII> 0.329
<PER-SHARE-GAIN-APPREC> 0.118
<PER-SHARE-DIVIDEND> (0.322)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 8.175
<EXPENSE-RATIO> 0.89
<AVG-DEBT-OUTSTANDING> 0 <F1>
<AVG-DEBT-PER-SHARE> 0 <F1>
</TABLE>
