<TABLE>
<CAPTION>

                                  NSAR ITEM 77O
                VK Advantage Pennsylvania Municipal Income Trust
                               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      PaineWebber         1,000,000                0.335%          11/10/99


</TABLE>

Underwriting Participants:

Underwriters for #1
Morgan Stanley & Co. Incorporated
Roosevelt & Cross



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