<PAGE> 1
EXHIBIT (a) (6)
Text of Press Release Dated October 27, 2000
NEWS RELEASE
FOR IMMEDIATE RELEASE
FOR MORE INFORMATION CONTACT:
James J. Boyne or Ian J. McPheron
800/225-2222 800/225-2222
Ext. 6327 Ext. 6845
VAN KAMPEN PRIME RATE INCOME TRUST
COMPLETES TENDER OFFER FOR ITS COMMON SHARES
CHICAGO (October 27, 2000) -- Van Kampen Prime Rate Income Trust
announced today the final results of its tender offer for its outstanding common
shares of beneficial interest. The offer expired at 12:00 Midnight, Eastern
Time, on October 13, 2000.
The Trust said that 63,752,861 common shares, as of the expiration of
the tender offer, were validly tendered through the stated expiration date. All
63,752,861 common shares tendered were purchased at a price of $9.31 per common
share, the net asset value at the time the offer expired. Payment for the
shares purchased was mailed prior to the date hereof.
As indicated in the Trust's current prospectus, the Board of Trustees of
the Trust currently intends, each quarter, to consider authorizing the Trust to
make a tender offer for its common shares in order to attempt to provide
liquidity to its investors.
The Trust commenced operations on October 5, 1989 and had total net
assets of approximately $6,400,000,000 as of October 13, 2000.
Van Kampen Prime Rate Income Trust is advised and distributed by
subsidiaries of Van Kampen Investments Inc. ("Van Kampen"), a diversified asset
management company that administers more than three million retail investor
accounts, has extensive capabilities for managing institutional portfolios, and
has more than $100 billion under management or supervision as of September 30,
2000. Van Kampen has more than 50 open-end funds, 38 closed-end funds and more
than 2,700 unit investment trusts that are professionally distributed by leading
financial advisors nationwide.
