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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 8
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SIGNATURE NICK DALMASO
TITLE ASSISTANT SECRETARY
EXHIBIT 77.B
Shareholders and Board of Trustees
Van Kampen American Capital Income Trust
In planning and performing our audit of the financial statements of Van
Kampen American Capital Hign Income Trust (the "Trust") for the year ended
December 31,1997, we considered its internal control structure, including 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, and not to provide assurance on
the internal control.
The management of Van Kampen American Capital Income Trust is responsible for
establishing and maintaining internal control. In fulfilling this
responsibility, estimates and judgments by management are required to assess
the expected benefits and related costs of controls. Generally, controls
that are relevant to an audit pertain to the entity's objective of preparing
financial statements for external purposes that are fairly presented in
conformity with generally accepted accounting principles. Those controls
include the safeguarding of assets against unauthorized acquisition, use or
disposition.
Because of inherent limitations in internal control, errors or fraud may
occur and not be detected. Also, projection of any evaluation of internal
control 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 any deteriorate.
Our consideration of internal control would not necessarily disclose all
matters in internal control that might be material weaknesses under standards
established by the American Institute of Certified Public Accountants. A
material weakness is a condition in which the design or operation of one or
more of specific internal control components does not reduce to a relatively
low level the risk that error or fraud in amounts that would be 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
internal control and its operation, including controls for safeguarding
securities, that we consider to be material weaknesses as defined above at
December 31, 1997.
This Report is intended solely for the information and use of the Board of
Trustees and management of Van Kampen American Capital Income Trust and the
Securities and Exchange Commission.
ERNST & YOUNG LLP
ERNST & YOUNG LLP
Houston, Texas
February 4, 1998
NSAR ITEM 77C
Van Kampen American Capital Income Trust
(a) An Annual Meeting of Shareholders was held on December 18, 1997.
(b) The election of Trustees of Van Kampen American Capital Income Trust
(the "Trust") included:
David C. Arch, Rod Dammeyer, Howard J Kerr, Dennis J. McDonnell,
Steven Muller, Ph.D., Theodore A. Myers, Hugo F. Sonnenschein and
Wayne W. Whalen
(c) The following were voted on at the meeting:
4) For each AC Fund, to Ratify the Selection of Ernst &
Young LLP Independent Public Accountants for its Current
Fiscal Year.
For 9,298,279 Against 35,271
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<NAME> High Income Trust
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<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 141,568,489
<INVESTMENTS-AT-VALUE> 145,568,489
<RECEIVABLES> 2,904,816
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<OTHER-INCOME> 356,206
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<AVG-DEBT-PER-SHARE> 0
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