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SIGNATURE NICK DALMASO
TITLE ATTORNEY
KPMG Peat Marwick LLP
Peat Marwick Plaza
303 East Wacker Drive
Chicago, IL 60601-9973
The Board of Trustees and Shareholders of
Van Kampen American Capital Municipal Income Trust:
In planning and performing our audit of the financial statements of Van Kampen
American Capital Municipal Income Trust (the "Trust") for the year ended June
30, 1998, we considered its internal control structure, including procedures for
safeguarding securities, in order to determine our auditing procedures for the
purpose of expressing our opinion on the financial statements and to comply with
the requirements of Form N-SAR, not to provide assurance on the internal control
structure.
The management of the Trust is responsible for establishing and maintaining an
internal control structure. In fulfilling this responsibility, estimates and
judgments by management are required to assess the expected benefits and related
costs of internal control structure policies and procedures. Two of the
objectives of an internal control structure are to provide management with
reasonable, but not absolute, assurance that assets are safeguarded against loss
from unauthorized use or disposition and that transactions are executed in
accordance with management's authorization and recorded properly to permit the
preparation of financial statements in accordance with generally accepted
accounting principles.
Because of inherent limitations in any system of internal control structure,
errors or irregularities may occur and not be detected. Also, projection of any
evaluation of the structure to future periods is subject to the risk that it may
become inadequate because of changes in conditions or that the effectiveness of
the design and operation may deteriorate.
Our consideration of the internal control structure would not necessarily
disclose all matters in the internal control structure that might be material
weaknesses under standards established by the American Institute of Certified
Public Accounts. A material weakness is a conditions in which the design or
operation of the specific internal control structure elements does not reduce to
a relatively low level the risk that errors or irregularities in amounts that
would b material in relation to the financial statements being audited may occur
and not be detected within a timely period by employees in the normal course of
performing their assigned functions. However, we noted no matters involving the
internal control structure, including procedures for safeguarding securities,
that we consider to be material weaknesses as defined above as of June 30, 1998.
This report is intended solely for the information and use of management and the
Securities and Exchange Commission.
/s/ KPMG Peat Marwick LLP
August 3, 1998
The Annual Meeting of
Van Kampen American Capital California Municipal Trust held
on June 26, 1998
1. PROPOSAL I
Election of Directors.
To vote for the election of Class III trustees, the nominees named
below to serve until the later of the Annual Meeting of Shareholders in
2001 or their respective successors are duly elected and qualified.
Number of Shares/Votes
For Authority Withheld
Don G. Powell 98.92% 2,185,276.691 23,958.525
Hugo Sonnenschein 98.92% 2,185,276.691 23,958.525
2. PSOPOSAL II
To ratify the selection of KPMG Peat Marwick LLP as independent
accountants.
For 2,173,995.216
Against 3,400.000
Abstain 31,840.000
<PAGE>
VAN KAMPEN AMERICAN CAPITAL
CALIFORNIA MUNICIPAL TRUST REMARKETED PREFERRED
JUNE 26, 1998
% of Outstanding
No. of Shares Shares % of Shares Voted
1. To vote for the election of the Preferred Class III trustee:
Theodore A. Myers
Affirmative 394.000 98.500% 100.000%
Withhold 0.000 0.000% 0.000%
TOTAL 394.000 98.500% 100.000%
2. To ratify the selection of KPMG Peat Marwick LLP as independent
accountants.
Affirmative 394.000 98.500% 100.000%
Against 0.000 0.000% 0.000%
Abstain 0.000 0.000% 0.000%
TOTAL 394.000 98.500% 100.000%
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