<PAGE> PAGE 1
000 A000000 11/30/96
000 C000000 0000869760
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 VKAC WORLD PORTFOLIO SERIES TRUST
001 B000000 811-06220
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 Y
007 B000000 2
007 C010100 1
007 C020100 VKAC GLOBAL EQUITY FUND
007 C030100 N
007 C010200 2
007 C020200 VKAC GLOBAL GOVERNMENT SEC. FUND
007 C030200 N
008 A000101 VAN KAMPEN AMERICAN CAPITAL ASSET MGMT., INC.
008 B000101 A
008 C000101 801-8286
008 D010101 OAKBROOK TERRACE
008 D020101 IL
008 D030101 60181
008 A000102 JOHN GOVETT & CO., LTD.
008 B000102 S
008 C000102 801-6229
008 D010102 LONDON
008 D050102 ENGLAND
008 D060102 SE1 24R
008 A000201 VAN KAMPEN AMERICAN CAPITAL ASSET MGMT., INC.
008 B000201 A
008 C000201 801-8286
008 D010201 OAKBROOK TERRACE
008 D020201 IL
008 D030201 60181
008 A000202 JOHN GOVETT & CO., LTD.
008 B000202 S
008 C000202 801-6229
008 D010202 LONDON
008 D050202 ENGLAND
<PAGE> PAGE 2
008 D060202 SE1 24R
012 A00AA01 ACCESS INVESTOR SERVICES, INC.
012 B00AA01 84-01621
012 C01AA01 KANSAS CITY
012 C02AA01 MO
012 C03AA01 64141
013 A00AA01 PRICE WATERHOUSE,LLP
013 B01AA01 HOUSTON
013 B02AA01 TX
013 B03AA01 77002
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 113
019 C00AA00 VANKAMPENA
020 A000001 SALOMON BROTHERS
020 B000001 13-3082694
020 C000001 9
020 A000002 MERRILL LYNCH
020 B000002 13-5674085
020 C000002 4
020 A000003 GOLDMAN SACHS
020 B000003 13-5108880
020 C000003 4
020 A000004 MONTGOMERY SECURITIES
020 B000004 94-1701676
020 C000004 4
020 A000005 FIRST BOSTON
020 B000005 13-5659485
020 C000005 3
020 A000006 DONALDSON LUFKIN JENNRETTE
020 B000006 13-2741729
020 C000006 2
020 A000007 PAINE WEBBER
020 B000007 13-2638166
020 C000007 2
020 A000008 LEHMAN BROTHERS
020 B000008 13-2518466
020 C000008 1
020 A000009 MORGAN STANLEY
020 B000009 13-2655998
020 C000009 1
020 A000010 ALEX, BROWN & SONS
020 B000010 52-1319768
020 C000010 1
021 000000 42
022 A000001 LEHMAN BROTHERS
022 B000001 13-2518466
022 C000001 638262
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022 A000002 SBC CAPITAL MARKETS INC.
022 B000002 13-2639550
<PAGE> PAGE 3
022 C000002 381975
022 D000002 0
022 A000003 BA SECURITIES
022 B000003 95-4035346
022 C000003 330650
022 D000003 0
022 A000004 DONALDSON LUFKIN JENNRETTE
022 B000004 13-2741729
022 C000004 299515
022 D000004 31508
022 A000005 PRUDENTIAL SECURITIES
022 B000005 22-2347336
022 C000005 257175
022 D000005 0
022 A000006 STATE STREET BANK & TRUST
022 B000006 04-1867445
022 C000006 145490
022 D000006 0
022 A000007 BEAR STEARNS & CO
022 B000007 13-3299429
022 D000007 112331
022 A000008 SMITH BARNEY
022 C000008 19375
022 D000008 70682
022 A000009 NATIONS BANK
022 C000009 0
022 D000009 7188
022 A000010 UNION BANK SWITZERLAND
022 C000010 5014
022 D000010 529
023 C000000 2085052
023 D000000 234084
024 000100 Y
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025 B000101 13-2741729
025 C000101 D
025 D000101 9390
025 A000102 BANK OF AMERICA SECURITIES
025 C000102 D
025 D000102 8735
025 A000103 BROWN (ALEX) INC
025 B000103 52-0256630
025 C000103 E
025 D000103 355
025 A000104 MERRILL LYNCH & CO INC
025 B000104 13-5674085
025 C000104 E
025 D000104 899
025 A000105 BANK OF BOSTON CORP
025 B000105 04-2472499
025 C000105 E
<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
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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080 A00AA00 ICI MUTUAL INSURANCE COMPANY
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SIGNATURE DENNIS J MCDONNELL
TITLE PRES, CEO & TRUSTEE
NSAR ITEM 77C
Van Kampen American Capital Global Equity Fund
(a) A Special Meeting of Shareholders was held on October 25, 1996.
(b) The election of Trustees of Van Kampen American Capital Global Equity
Fund (the "Fund") included:
None
(c) The following were voted on at the meeting:
1) Approval of New Investment Advisory Agreement in the event of a
change of control of the Adviser.
For 8,411,887 Against 142,975
2) Approval of an interim Investment Subadvisory Agreement with Morgan
Stanley Asset Management Inc.
For 8,357,860 Against 155,214
3) Approval of an interim Investment Subadvisory Agreement with John
Govett & Co. Limited
For 8,327,736 Against 179,714
6) Approval of changes to Fundamental Investment Policies with respect
to investments in other investment companies.
For 6,809,730 Against 204,982
7) For each Fund, to Ratify the Selection of Price Waterhouse LLP as
Independent Public Accountants for its Current Fiscal Year.
For 8,494,475 Against 91,935
NSAR ITEM 77C
Van Kampen American Capital Global Government Securities Fund
(a) A Special Meeting of Shareholders was held on October 25, 1996.
(b) The election of Trustees of Van Kampen American Capital Global Government
Securities Fund (the "Fund") included:
None
(c) The following were voted on at the meeting:
1) Approval of New Investment Advisory Agreement in the event of a
change of control of the Adviser.
For 11,366,934 Against 215,895
2) Approval of an interim Investment Subadvisory Agreement with Morgan
Stanley Asset Management Inc.
For 11,358,098 Against 213,758
3) Approval of an interim Investment Subadvisory Agreement with John
Govett & Co. Limited
For 11,307,364 Against 248,633
6) Approval of changes to Fundamental Investment Policies with respect
to investments in other investment companies.
For 7,988,731 Against 291,182
7) For each Fund, to Ratify the Selection of Price Waterhouse LLP as
Independent Public Accountants for its Current Fiscal Year.
For 11,495,026 Against 137,548
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 11
<NAME> VKAC Global Equity Fund - Class A
<MULTIPLIER> 1
<CAPTION>
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAY-31-1997
<PERIOD-START> JUN-01-1996
<PERIOD-END> NOV-30-1996
<INVESTMENTS-AT-COST> 201530315<F1>
<INVESTMENTS-AT-VALUE> 240177762<F1>
<RECEIVABLES> 2914073<F1>
<ASSETS-OTHER> 16<F1>
<OTHER-ITEMS-ASSETS> 60412<F1>
<TOTAL-ASSETS> 243152263<F1>
<PAYABLE-FOR-SECURITIES> 466193<F1>
<SENIOR-LONG-TERM-DEBT> 0<F1>
<OTHER-ITEMS-LIABILITIES> 739561<F1>
<TOTAL-LIABILITIES> 1205754<F1>
<SENIOR-EQUITY> 0<F1>
<PAID-IN-CAPITAL-COMMON> 99005202
<SHARES-COMMON-STOCK> 8338931
<SHARES-COMMON-PRIOR> 7632191
<ACCUMULATED-NII-CURRENT> 501233<F1>
<OVERDISTRIBUTION-NII> 0<F1>
<ACCUMULATED-NET-GAINS> 8322113<F1>
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 38699082<F1>
<NET-ASSETS> 124220603
<DIVIDEND-INCOME> 1324450<F1>
<INTEREST-INCOME> 376787<F1>
<OTHER-INCOME> 0<F1>
<EXPENSES-NET> (2721977)<F1>
<NET-INVESTMENT-INCOME> (1020740)<F1>
<REALIZED-GAINS-CURRENT> 4331140<F1>
<APPREC-INCREASE-CURRENT> 10957112<F1>
<NET-CHANGE-FROM-OPS> 14267512<F1>
<EQUALIZATION> 0<F1>
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2646605
<NUMBER-OF-SHARES-REDEEMED> (1939865)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 17513217
<ACCUMULATED-NII-PRIOR> (297886)<F1>
<ACCUMULATED-GAINS-PRIOR> 5810832<F1>
<OVERDISTRIB-NII-PRIOR> 0<F1>
<OVERDIST-NET-GAINS-PRIOR> 0<F1>
<GROSS-ADVISORY-FEES> 1088889<F1>
<INTEREST-EXPENSE> 0<F1>
<GROSS-EXPENSE> 2729777<F1>
<AVERAGE-NET-ASSETS> 111120766
<PER-SHARE-NAV-BEGIN> 13.98
<PER-SHARE-NII> (.043)
<PER-SHARE-GAIN-APPREC> .959
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.896
<EXPENSE-RATIO> 2.12
<AVG-DEBT-OUTSTANDING> 0<F1>
<AVG-DEBT-PER-SHARE> 0<F1>
<FN>
<F1>
This item relates to the Fund on a composite basis and not on a class basis.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 12
<NAME> VKAC Global Equity Fund - Class B
<MULTIPLIER> 1
<CAPTION>
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAY-31-1997
<PERIOD-START> JUN-01-1996
<PERIOD-END> NOV-30-1996
<INVESTMENTS-AT-COST> 201530315<F1>
<INVESTMENTS-AT-VALUE> 240177762<F1>
<RECEIVABLES> 2914073<F1>
<ASSETS-OTHER> 16<F1>
<OTHER-ITEMS-ASSETS> 60412<F1>
<TOTAL-ASSETS> 243152263<F1>
<PAYABLE-FOR-SECURITIES> 466193<F1>
<SENIOR-LONG-TERM-DEBT> 0<F1>
<OTHER-ITEMS-LIABILITIES> 739561<F1>
<TOTAL-LIABILITIES> 1205754<F1>
<SENIOR-EQUITY> 0<F1>
<PAID-IN-CAPITAL-COMMON> 86355867
<SHARES-COMMON-STOCK> 7434188
<SHARES-COMMON-PRIOR> 6857163
<ACCUMULATED-NII-CURRENT> 501233<F1>
<OVERDISTRIBUTION-NII> 0<F1>
<ACCUMULATED-NET-GAINS> 8322113<F1>
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 38699082<F1>
<NET-ASSETS> 106777477
<DIVIDEND-INCOME> 1324450<F1>
<INTEREST-INCOME> 376787<F1>
<OTHER-INCOME> 0<F1>
<EXPENSES-NET> (2721977)<F1>
<NET-INVESTMENT-INCOME> (1020740)<F1>
<REALIZED-GAINS-CURRENT> 4331140<F1>
<APPREC-INCREASE-CURRENT> 10957112<F1>
<NET-CHANGE-FROM-OPS> 14267512<F1>
<EQUALIZATION> 0<F1>
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
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<NUMBER-OF-SHARES-REDEEMED> (630784)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 13978566
<ACCUMULATED-NII-PRIOR> (297886)<F1>
<ACCUMULATED-GAINS-PRIOR> 5810832<F1>
<OVERDISTRIB-NII-PRIOR> 0<F1>
<OVERDIST-NET-GAINS-PRIOR> 0<F1>
<GROSS-ADVISORY-FEES> 1088889<F1>
<INTEREST-EXPENSE> 0<F1>
<GROSS-EXPENSE> 2729777<F1>
<AVERAGE-NET-ASSETS> 96883008
<PER-SHARE-NAV-BEGIN> 13.53
<PER-SHARE-NII> (.078)
<PER-SHARE-GAIN-APPREC> .911
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.363
<EXPENSE-RATIO> 2.89
<AVG-DEBT-OUTSTANDING> 0<F1>
<AVG-DEBT-PER-SHARE> 0<F1>
<FN>
<F1>
This item relates to the Fund on a composite basis and not on a class basis.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 13
<NAME> VKAC Global Equity Fund - Class C
<MULTIPLIER> 1
<CAPTION>
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAY-31-1997
<PERIOD-START> JUN-01-1996
<PERIOD-END> NOV-30-1996
<INVESTMENTS-AT-COST> 201530315<F1>
<INVESTMENTS-AT-VALUE> 240177762<F1>
<RECEIVABLES> 2914073<F1>
<ASSETS-OTHER> 16<F1>
<OTHER-ITEMS-ASSETS> 60412<F1>
<TOTAL-ASSETS> 243152263<F1>
<PAYABLE-FOR-SECURITIES> 466193<F1>
<SENIOR-LONG-TERM-DEBT> 0<F1>
<OTHER-ITEMS-LIABILITIES> 739561<F1>
<TOTAL-LIABILITIES> 1205754<F1>
<SENIOR-EQUITY> 0<F1>
<PAID-IN-CAPITAL-COMMON> 9063012
<SHARES-COMMON-STOCK> 755464
<SHARES-COMMON-PRIOR> 671872
<ACCUMULATED-NII-CURRENT> 501233<F1>
<OVERDISTRIBUTION-NII> 0<F1>
<ACCUMULATED-NET-GAINS> 8322113<F1>
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 38699082<F1>
<NET-ASSETS> 10948429
<DIVIDEND-INCOME> 1324450<F1>
<INTEREST-INCOME> 376787<F1>
<OTHER-INCOME> 0<F1>
<EXPENSES-NET> (2721977)<F1>
<NET-INVESTMENT-INCOME> (1020740)<F1>
<REALIZED-GAINS-CURRENT> 4331140<F1>
<APPREC-INCREASE-CURRENT> 10957112<F1>
<NET-CHANGE-FROM-OPS> 14267512<F1>
<EQUALIZATION> 0<F1>
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 151189
<NUMBER-OF-SHARES-REDEEMED> (67597)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 1772860
<ACCUMULATED-NII-PRIOR> (297886)<F1>
<ACCUMULATED-GAINS-PRIOR> 5810832<F1>
<OVERDISTRIB-NII-PRIOR> 0<F1>
<OVERDIST-NET-GAINS-PRIOR> 0<F1>
<GROSS-ADVISORY-FEES> 1088889<F1>
<INTEREST-EXPENSE> 0<F1>
<GROSS-EXPENSE> 2729777<F1>
<AVERAGE-NET-ASSETS> 9774011
<PER-SHARE-NAV-BEGIN> 13.66
<PER-SHARE-NII> (.077)
<PER-SHARE-GAIN-APPREC> .909
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.492
<EXPENSE-RATIO> 2.90
<AVG-DEBT-OUTSTANDING> 0<F1>
<AVG-DEBT-PER-SHARE> 0<F1>
<FN>
<F1>
This item relates to the Fund on a composite basis and not on a class basis.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 21
<NAME> VKAC Global Government Securities Fund - Class A
<MULTIPLIER> 1
<CAPTION>
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAY-31-1997
<PERIOD-START> JUN-01-1996
<PERIOD-END> JUN-01-1996
<INVESTMENTS-AT-COST> 209140899<F1>
<INVESTMENTS-AT-VALUE> 211165331<F1>
<RECEIVABLES> 3163161<F1>
<ASSETS-OTHER> 439797<F1>
<OTHER-ITEMS-ASSETS> 1281988<F1>
<TOTAL-ASSETS> 216050277<F1>
<PAYABLE-FOR-SECURITIES> 83780397<F1>
<SENIOR-LONG-TERM-DEBT> 0<F1>
<OTHER-ITEMS-LIABILITIES> 970813<F1>
<TOTAL-LIABILITIES> 84751210<F1>
<SENIOR-EQUITY> 0<F1>
<PAID-IN-CAPITAL-COMMON> 41909961
<SHARES-COMMON-STOCK> 4076639
<SHARES-COMMON-PRIOR> 4595368
<ACCUMULATED-NII-CURRENT> (171737)<F1>
<OVERDISTRIBUTION-NII> 0<F1>
<ACCUMULATED-NET-GAINS> (29956751)<F1>
<OVERDISTRIBUTION-GAINS> 0<F1>
<ACCUM-APPREC-OR-DEPREC> 1591681<F1>
<NET-ASSETS> 33380979
<DIVIDEND-INCOME> 0<F1>
<INTEREST-INCOME> 5767454<F1>
<OTHER-INCOME> 0<F1>
<EXPENSES-NET> 1457264<F1>
<NET-INVESTMENT-INCOME> 4310190<F1>
<REALIZED-GAINS-CURRENT> (784928)<F1>
<APPREC-INCREASE-CURRENT> 1591681<F1>
<NET-CHANGE-FROM-OPS> 8623556<F1>
<EQUALIZATION> 0<F1>
<DISTRIBUTIONS-OF-INCOME> (1147580)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 250294
<NUMBER-OF-SHARES-REDEEMED> 859462
<SHARES-REINVESTED> 90439
<NET-CHANGE-IN-ASSETS> (3031370)
<ACCUMULATED-NII-PRIOR> (355254)<F1>
<ACCUMULATED-GAINS-PRIOR> (29171825)<F1>
<OVERDISTRIB-NII-PRIOR> 0<F1>
<OVERDIST-NET-GAINS-PRIOR> 0<F1>
<GROSS-ADVISORY-FEES> 513420<F1>
<INTEREST-EXPENSE> 0<F1>
<GROSS-EXPENSE> 1457264<F1>
<AVERAGE-NET-ASSETS> 34781605
<PER-SHARE-NAV-BEGIN> 7.92
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0.270
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 8.19
<EXPENSE-RATIO> 1.56
<AVG-DEBT-OUTSTANDING> 0<F1>
<AVG-DEBT-PER-SHARE> 0<F1>
<FN>
<F1>
This item relates to the fund on a composite basis and not
on a class basis.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 22
<NAME> VKAC Global Government Securities Fund - Class B
<MULTIPLIER> 1
<CAPTION>
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAY-31-1997
<PERIOD-START> JUN-01-1996
<PERIOD-END> JUN-01-1996
<INVESTMENTS-AT-COST> 209140899<F1>
<INVESTMENTS-AT-VALUE> 211165331<F1>
<RECEIVABLES> 3163161<F1>
<ASSETS-OTHER> 439797<F1>
<OTHER-ITEMS-ASSETS> 1281988<F1>
<TOTAL-ASSETS> 216050277<F1>
<PAYABLE-FOR-SECURITIES> 83780397<F1>
<SENIOR-LONG-TERM-DEBT> 0<F1>
<OTHER-ITEMS-LIABILITIES> 970813<F1>
<TOTAL-LIABILITIES> 84751210<F1>
<SENIOR-EQUITY> 0<F1>
<PAID-IN-CAPITAL-COMMON> 106474109
<SHARES-COMMON-STOCK> 10887014
<SHARES-COMMON-PRIOR> 12261711
<ACCUMULATED-NII-CURRENT> (171737)<F1>
<OVERDISTRIBUTION-NII> 0<F1>
<ACCUMULATED-NET-GAINS> (29956751)<F1>
<OVERDISTRIBUTION-GAINS> 0<F1>
<ACCUM-APPREC-OR-DEPREC> 1591681<F1>
<NET-ASSETS> 89611070
<DIVIDEND-INCOME> 0<F1>
<INTEREST-INCOME> 5767454<F1>
<OTHER-INCOME> 0<F1>
<EXPENSES-NET> 1457264<F1>
<NET-INVESTMENT-INCOME> 4310190<F1>
<REALIZED-GAINS-CURRENT> (784928)<F1>
<APPREC-INCREASE-CURRENT> 1591681<F1>
<NET-CHANGE-FROM-OPS> 8623556<F1>
<EQUALIZATION> 0<F1>
<DISTRIBUTIONS-OF-INCOME> (2716261)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 431684
<NUMBER-OF-SHARES-REDEEMED> 2010214
<SHARES-REINVESTED> 203833
<NET-CHANGE-IN-ASSETS> (8049724)
<ACCUMULATED-NII-PRIOR> (355254)<F1>
<ACCUMULATED-GAINS-PRIOR> (29171825)<F1>
<OVERDISTRIB-NII-PRIOR> 0<F1>
<OVERDIST-NET-GAINS-PRIOR> 0<F1>
<GROSS-ADVISORY-FEES> 513420<F1>
<INTEREST-EXPENSE> 0<F1>
<GROSS-EXPENSE> 1457264<F1>
<AVERAGE-NET-ASSETS> 93160365
<PER-SHARE-NAV-BEGIN> 7.96
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0.240
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 8.23
<EXPENSE-RATIO> 2.32
<AVG-DEBT-OUTSTANDING> 0<F1>
<AVG-DEBT-PER-SHARE> 0<F1>
<FN>
<F1>
This item relates to the fund on a composite basis and not
on a class basis.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 23
<NAME> VKAC Global Government Securities Fund - Class C
<MULTIPLIER> 1
<CAPTION>
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAY-31-1997
<PERIOD-START> JUN-01-1996
<PERIOD-END> JUN-01-1996
<INVESTMENTS-AT-COST> 209140899<F1>
<INVESTMENTS-AT-VALUE> 211165331<F1>
<RECEIVABLES> 3163161<F1>
<ASSETS-OTHER> 439797<F1>
<OTHER-ITEMS-ASSETS> 1281988<F1>
<TOTAL-ASSETS> 216050277<F1>
<PAYABLE-FOR-SECURITIES> 83780397<F1>
<SENIOR-LONG-TERM-DEBT> 0<F1>
<OTHER-ITEMS-LIABILITIES> 970813<F1>
<TOTAL-LIABILITIES> 84751210<F1>
<SENIOR-EQUITY> 0<F1>
<PAID-IN-CAPITAL-COMMON> 11291999
<SHARES-COMMON-STOCK> 1016897
<SHARES-COMMON-PRIOR> 1201697
<ACCUMULATED-NII-CURRENT> (171737)<F1>
<OVERDISTRIBUTION-NII> 0<F1>
<ACCUMULATED-NET-GAINS> (29956751)<F1>
<OVERDISTRIBUTION-GAINS> 0<F1>
<ACCUM-APPREC-OR-DEPREC> 1591681<F1>
<NET-ASSETS> 8307018
<DIVIDEND-INCOME> 0<F1>
<INTEREST-INCOME> 5767454<F1>
<OTHER-INCOME> 0<F1>
<EXPENSES-NET> 1457264<F1>
<NET-INVESTMENT-INCOME> 4310190<F1>
<REALIZED-GAINS-CURRENT> (784928)<F1>
<APPREC-INCREASE-CURRENT> 1591681<F1>
<NET-CHANGE-FROM-OPS> 8623556<F1>
<EQUALIZATION> 0<F1>
<DISTRIBUTIONS-OF-INCOME> (262832)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 16674
<NUMBER-OF-SHARES-REDEEMED> 218808
<SHARES-REINVESTED> 17334
<NET-CHANGE-IN-ASSETS> (1194012)
<ACCUMULATED-NII-PRIOR> (355254)<F1>
<ACCUMULATED-GAINS-PRIOR> (29171825)<F1>
<OVERDISTRIB-NII-PRIOR> 0<F1>
<OVERDIST-NET-GAINS-PRIOR> 0<F1>
<GROSS-ADVISORY-FEES> 513420<F1>
<INTEREST-EXPENSE> 0<F1>
<GROSS-EXPENSE> 1457264<F1>
<AVERAGE-NET-ASSETS> 8969897
<PER-SHARE-NAV-BEGIN> 7.91
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0.240
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 8.17
<EXPENSE-RATIO> 2.32
<AVG-DEBT-OUTSTANDING> 0<F1>
<AVG-DEBT-PER-SHARE> 0<F1>
<FN>
<F1>
This item relates to the fund on a composite basis and not
on a class basis.
</FN>
</TABLE>
