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<PAGE> PAGE 2
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<PAGE> PAGE 4
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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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SIGNATURE NICK DALMASO
TITLE ATTORNEY
<TABLE>
<CAPTION>
NSAR ITEM 77O
VKAC Trust for Insured Municipals
10f-3 Transactions
UNDERWRITING # UNDERWRITING PURCHASED FROM AMOUNT OF SHARES % OF UNDERWRITING DATE OF PURCHASE
PURCHASED
<S> <C> <C> <C> <C> <C>
1 NY City Health PaineWebber 2,000,000 0.846% 03/05/99
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 11
<NAME> TRUST FOR INSURED MUNICIPALS
<MULTIPLIER> 1
<S> <C>
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<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-START> NOV-01-1998
<PERIOD-END> APR-30-1999
<INVESTMENTS-AT-COST> 264,048,026
<INVESTMENTS-AT-VALUE> 284,121,111
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<ASSETS-OTHER> 0
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<SENIOR-EQUITY> 90,000,000
<PAID-IN-CAPITAL-COMMON> 143,689,863
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<OVERDISTRIBUTION-GAINS> 0
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<OTHER-INCOME> 0
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<APPREC-INCREASE-CURRENT> (2,830,105)
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<NET-CHANGE-IN-ASSETS> (3,629,888)
<ACCUMULATED-NII-PRIOR> 971,607
<ACCUMULATED-GAINS-PRIOR> 2,092,150
<OVERDISTRIB-NII-PRIOR> 0
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<INTEREST-EXPENSE> 0
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<PER-SHARE-NAV-BEGIN> 17.431
<PER-SHARE-NII> 0.625
<PER-SHARE-GAIN-APPREC> (0.227)
<PER-SHARE-DIVIDEND> (0.613)
<PER-SHARE-DISTRIBUTIONS> (0.215)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 17.001
<EXPENSE-RATIO> 1.56
</TABLE>
