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NSAR ITEM 77O
VK Municipal Opportunity Trust
10f-3 Transactions
Underwriting # Underwriting Purchased From Amount of shares % of Underwriting Date of Purchase
Purchased
<S> <C> <C> <C> <C> <C>
1 North Carolina Eastern Muni Power Smith Barney 1,500,000 1.095 11/03/99
2 Memphis Shelby County Goldman Sachs 1,000,000 0.408 11/04/99
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Underwriting Participants:
Underwriters for #1 Underwriters for #2
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J.P. Morgan & Co. Morgan Keegan
Goldman, Sachs & Co. Morgan Stanley & Co. Incorporated
Morgan Stanley & Co. Incorporated Chapman Company
JC Bradford & Company Duncan Williams
First Union Securities, Inc. First Tennessee Bank
J. Lee Peeler M.R. Beal & Company
Legg Mason Wood Walker, Incorporated NationsBanc Capital Markets