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<CAPTION>
NSAR ITEM 77O
VK Trust for Investment Grade California Municipal
10f-3 Transactions
UNDERWRITING # UNDERWRITING PURCHASED FROM AMOUNT OF SHARES % OF UNDERWRITING DATE OF PURCHASE
PURCHASED
<S> <C> <C> <C> <C> <C>
1 Virgin Island Public Financing Paine Webber 2,000,000 0.670% 11/10/99
2 L.A. DWAP Elec. Rev. JP Morgan 2,000,000 0.594% 02/16/00
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Participating Underwriters
Underwriter #1 Underwriter #2
-------------- ---------------
Morgan Stanley Goldman Sachs
Roosevelt & Cross Bear Stearns
PaineWebber
Bank of America
EJ Dela Rosa
Merrill Lynch
Morgan Stanley
Salomon Smith Barney
Muriel Siebert/Siebert Brandford