VAN KAMPEN SELECT SECTOR MUNICIPAL TRUST
NSAR-B, 1999-12-28
Previous: ANDRX CORP, SC 13D, 1999-12-28
Next: AMERICAN SOUTHWEST FINANCIAL SECURITIES CORP, 8-K, 1999-12-28



<PAGE>      PAGE  1
000 B000000 10/31/99
000 C000000 0000912022
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 VAN KAMPEN SELECT SECTOR MUNICIPAL TRUST
001 B000000 811-0800
001 C000000 6306846000
002 A000000 ONE PARKVIEW PLAZA
002 B000000 OAKBROOK TERRACE
002 C000000 IL
002 D010000 60181
002 D020000 5555
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 N
007 B000000  0
007 C010100  1
007 C010200  2
007 C010300  3
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
008 A000001 VAN KAMPEN INVESTMENT ADVISORY CORP.
008 B000001 A
008 C000001 801-18161
008 D010001 OAKBROOK TERRACE
008 D020001 IL
008 D030001 60181
008 D040001 5555
010 A000001 PRINCETON ADMINISTRATORS
010 C010001 PRINCETON
010 C020001 NJ
010 C030001 08536
011 A000001 MERRILL LYNCH PIERCE FENNER & SMITH
011 B000001 8-7221
011 C010001 NEW YORK
011 C020001 NY
011 C030001 10281
011 A000002 A.G. EDWARDS & SONS, INC.
011 B000002 8-13580
<PAGE>      PAGE  2
011 C010002 ST. LOUIS
011 C020002 MO
011 C030002 63103
011 A000003 PAINEWEBBER INC.
011 B000003 8-16267
011 C010003 NEW YORK
011 C020003 NY
011 C030003 10019
011 A000004 PRUDENTIAL SECURITIES INC.
011 B000004 8-27154
011 C010004 NEW YORK
011 C020004 NY
011 C030004 10292
011 A000005 ROBERT W BAIRD & CO. INC.
011 B000005 8-11111
011 C010005 MILWAUKEE
011 C020005 WI
011 C030005 53202
011 A000006 CROWELL, WEEDON & CO.
011 B000006 8-22222
011 C010006 LOS ANGELES
011 C020006 CA
011 C030006 90017
011 A000007 FIRST OF MICHIGAN CORP.
011 B000007 8-17209
011 C010007 DETROIT
011 C020007 MI
011 C030007 48502
011 A000008 GRUNTAL & CO INC.
011 B000008 8-31022
011 C010008 NEW YORK
011 C020008 NY
011 C030008 10005
011 A000009 J.J.B. HILLIARD, W.L. LYONS, INC.
011 B000009 8-3333
011 C010009 LOUISVILLE
011 C020009 KY
011 C030009 40202
011 A000010 JANNEY MONTGOMERY SCOTT INC.
011 B000010 8-44444
011 C010010 PHILADELPHIA
011 C020010 PA
011 C030010 19103
011 A000011 KEMPER SECURITIES INC.
011 B000011 8-37180
011 C010011 CHICAGO
011 C020011 IL
011 C030011 60601
011 A000012 LEGG MASON WOOD WALKER, INC.
011 B000012 8-15939
011 C010012 BALTIMORE
<PAGE>      PAGE  3
011 C020012 MD
011 C030012 21202
011 A000013 PIPER JAFFRAY INC.
011 B000013 8-55555
011 C010013 MINNEAPOLIS
011 C020013 MN
011 C030013 55440
011 A000014 THE PRINCIPAL/EPPLER, GUERIN & TURNER INC.
011 B000014 8-66666
011 C010014 DALLAS
011 C020014 TX
011 C030014 75202
011 A000015 RONEY & CO.
011 B000015 8-77777
011 C010015 DETROIT
011 C020015 MI
011 C030015 48226
011 A000016 SURTO & CO. INC.
011 B000016 8-88888
011 C010016 SAN FRANCISCO
011 C020016 CA
011 C030016 94111
012 A000001 BOSTON EQUISERVE LP
012 B000001 85-5003
012 C010001 BOSTON
012 C020001 MA
012 C030001 02105
013 A000001 KPMG LLP
013 B010001 CHICAGO
013 B020001 IL
013 B030001 60601
014 A000001 MORGAN STANLEY & CO., INCORPORATED
014 B000001 8-733537
014 A000002 DEAN WITTER REYNOLDS, INC.
014 B000002 8-728181
015 A000001 STATE STREET BANK AND TRUST CO.
015 B000001 C
015 C010001 BOSTON
015 C020001 MA
015 C030001 02105
015 E010001 X
015 A000002 CHEMICAL BANK
015 B000002 S
015 C010002 NEW YORK
015 C020002 NY
015 C030002 10172
015 E010002 X
015 A000003 BANK OF NEW YORK
015 B000003 S
015 C010003 NEW YORK
015 C020003 NY
<PAGE>      PAGE  4
015 C030003 02105
015 E010003 X
015 A000004 MORGAN GUARANTY TRUST CO
015 B000004 S
015 C010004 NEW YORK
015 C020004 NY
015 C030004 10015
015 E010004 X
015 A000005 BANKERS TRUST CO.
015 B000005 S
015 C010005 NEW YORK
015 C020005 NY
015 C030005 10015
015 E010005 X
018  000000 Y
019 A000000 Y
019 B000000  118
019 C000000 VANKAMPENF
020 C000001      0
020 C000002      0
020 C000003      0
020 C000004      0
020 C000005      0
020 C000006      0
020 C000007      0
020 C000008      0
020 C000009      0
020 C000010      0
021  000000        0
022 A000001 PAINE WEBBER
022 B000001 13-2638166
022 C000001     17903
022 D000001     14037
022 A000002 MERRILL LYNCH
022 B000002 13-5674085
022 C000002     10489
022 D000002      6182
022 A000003 SALOMON SMITH BARNEY
022 B000003 13-1912900
022 C000003      4399
022 D000003      8180
022 A000004 BEAR STEARNS
022 B000004 13-3299429
022 C000004      4071
022 D000004      5561
022 A000005 JP MORGAN
022 B000005 13-3224016
022 C000005      4953
022 D000005      2719
022 A000006 GOLDMAN SACHS
022 C000006      7551
<PAGE>      PAGE  5
022 D000006         0
022 A000007 PRUDENTIAL SECURITIES
022 B000007 22-2347336
022 C000007      1704
022 D000007      5387
022 A000008 LEHMAN BROTHERS
022 B000008 13-2518466
022 C000008      3083
022 D000008      3587
022 A000009 SIMON & CO.
022 B000009 22-3017217
022 C000009      2935
022 D000009      3458
022 A000010 FIRST ALBANY
022 B000010 14-1391446
022 C000010      1800
022 D000010      2751
023 C000000      77441
023 D000000      72201
024  000000 N
025 D000001       0
025 D000002       0
025 D000003       0
025 D000004       0
025 D000005       0
025 D000006       0
025 D000007       0
025 D000008       0
026 A000000 N
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027  000000 N
028 A010000         0
028 A020000         0
028 A030000         0
028 A040000         0
028 B010000         0
028 B020000         0
028 B030000         0
028 B040000         0
028 C010000         0
028 C020000         0
028 C030000         0
028 C040000         0
028 D010000         0
<PAGE>      PAGE  6
028 D020000         0
028 D030000         0
028 D040000         0
028 E010000         0
028 E020000         0
028 E030000         0
028 E040000         0
028 F010000         0
028 F020000         0
028 F030000         0
028 F040000         0
028 G010000         0
028 G020000         0
028 G030000         0
028 G040000         0
028 H000000         0
030 A000000      0
030 B000000  0.00
030 C000000  0.00
031 A000000      0
031 B000000      0
032  000000      0
033  000000      0
035  000000      0
036 B000000      0
038  000000      0
042 A000000   0
042 B000000   0
042 C000000   0
042 D000000   0
042 E000000   0
042 F000000   0
042 G000000   0
042 H000000   0
043  000000      0
044  000000      0
045  000000 Y
046  000000 N
047  000000 Y
048  000000  0.700
048 A010000        0
048 A020000 0.000
048 B010000        0
048 B020000 0.000
048 C010000        0
048 C020000 0.000
048 D010000        0
048 D020000 0.000
048 E010000        0
048 E020000 0.000
048 F010000        0
<PAGE>      PAGE  7
048 F020000 0.000
048 G010000        0
048 G020000 0.000
048 H010000        0
048 H020000 0.000
048 I010000        0
048 I020000 0.000
048 J010000        0
048 J020000 0.000
048 K010000        0
048 K020000 0.000
049  000000 N
050  000000 N
051  000000 N
052  000000 N
053 A000000 N
054 A000000 Y
054 B000000 N
054 C000000 Y
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 N
054 H000000 Y
054 I000000 N
054 J000000 Y
054 K000000 Y
054 L000000 Y
054 M000000 Y
054 N000000 N
054 O000000 N
055 A000000 N
055 B000000 N
056  000000 Y
057  000000 Y
058 A000000 N
059  000000 Y
060 A000000 Y
060 B000000 Y
061  000000        0
062 A000000 Y
062 B000000   0.0
062 C000000   0.0
062 D000000   0.0
062 E000000   0.0
062 F000000   0.0
062 G000000   0.0
062 H000000   0.0
062 I000000   0.0
062 J000000   0.0
062 K000000   0.0
<PAGE>      PAGE  8
062 L000000   0.0
062 M000000   0.0
062 N000000   0.0
062 O000000 103.5
062 P000000   0.0
062 Q000000   0.0
062 R000000   0.0
063 A000000   0
063 B000000 18.5
064 A000000 Y
064 B000000 N
066 A000000 N
067  000000 N
068 A000000 N
068 B000000 N
069  000000 N
070 A010000 N
070 A020000 N
070 B010000 N
070 B020000 N
070 C010000 N
070 C020000 N
070 D010000 N
070 D020000 N
070 E010000 Y
070 E020000 N
070 F010000 N
070 F020000 N
070 G010000 Y
070 G020000 N
070 H010000 N
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 Y
070 J020000 N
070 K010000 Y
070 K020000 N
070 L010000 N
070 L020000 N
070 M010000 N
070 M020000 N
070 N010000 N
070 N020000 N
070 O010000 Y
070 O020000 N
070 P010000 Y
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 N
<PAGE>      PAGE  9
070 R020000 N
071 A000000     59637
071 B000000     60106
071 C000000    101414
071 D000000   59
072 A000000 12
072 B000000     5526
072 C000000        0
072 D000000        0
072 E000000        0
072 F000000      684
072 G000000        0
072 H000000        0
072 I000000       17
072 J000000        8
072 K000000        0
072 L000000       13
072 M000000       21
072 N000000        4
072 O000000        0
072 P000000        0
072 Q000000        8
072 R000000       35
072 S000000       12
072 T000000        0
072 U000000        1
072 V000000        0
072 W000000      127
072 X000000      930
072 Y000000        0
072 Z000000     4596
072AA000000        0
072BB000000      812
072CC010000        0
072CC020000     7039
072DD010000     3371
072DD020000        0
072EE000000        0
073 A010000   0.7200
073 A020000   0.0000
073 B000000   0.0000
073 C000000   0.0000
074 A000000        0
074 B000000        0
074 C000000        0
074 D000000    95726
074 E000000        0
074 F000000        0
074 G000000        0
074 H000000        0
074 I000000        0
<PAGE>      PAGE  10
074 J000000      983
074 K000000        0
074 L000000     1675
074 M000000        0
074 N000000    98383
074 O000000     5503
074 P000000        9
074 Q000000        0
074 R010000        0
074 R020000        0
074 R030000        0
074 R040000      413
074 S000000    34000
074 T000000    58458
074 U010000     4682
074 U020000        0
074 V010000    12.49
074 V020000     0.00
074 W000000   0.0000
074 X000000      200
074 Y000000    21810
075 A000000        0
075 B000000   101414
076  000000    10.69
077 A000000 Y
077 B000000 Y
077 C000000 Y
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 N
077 Q020000 N
077 Q030000 N
078  000000 N
080 A000000 ICI MUTUAL INSURANCE COMPANY
080 C000000    65000
081 A000000 Y
081 B000000 117
082 A000000 Y
082 B000000      100
083 A000000 N
<PAGE>      PAGE  11
083 B000000        0
084 A000000 N
084 B000000        0
085 A000000 Y
085 B000000 N
086 A010000      0
086 A020000      0
086 B010000      0
086 B020000      0
086 C010000      0
086 C020000      0
086 D010000      0
086 D020000      0
086 E010000      0
086 E020000      0
086 F010000      0
086 F020000      0
087 A010000 COMMON
087 A020000 92112M103
087 A030000 VKL
087 B010000 PREFERRED SERIES A
087 B020000 92112M202
087 B030000 N/A
087 C010000 PREFERRED SERIES B
087 C020000 92112M301
087 C030000 N/A
088 A000000 N
088 B000000 N
088 C000000 N
088 D000000 Y
SIGNATURE   JAMES J. BOYNE
TITLE       ATTORNEY



           INDEPENDENT AUDITORS' REPORT ON INTERNAL ACCOUNTING CONTROL

   The Board of Directors and Shareholders
   Van Kampen Select Sector Municipal Trust:


   In planning and performing our audit of the financial statements of the Van
   Kampen Select Sector Municipal Trust for the year ended October 31, 1999, we
   considered its internal control, including control activities for
   safeguarding securities, in order to determine our auditing procedures for
   the purpose of expressing our opinion on the financial statements and to
   comply with the requirements of Form N-SAR, not to provide assurance on
   internal control.

   The management of the Van Kampen Select Sector Municipal Trust is responsible
   for establishing and maintaining internal control. In fulfilling this
   responsibility, estimates and judgments by management are required to assess
   the expected benefits and related costs of controls. Generally, controls that
   are relevant to an audit pertain to the entity's objective of preparing
   financial statements for external purposes that are fairly presented in
   conformity with generally accepted accounting principles. Those controls
   include the safeguarding of assets against unauthorized acquisition, use or
   disposition.

   Because of inherent limitations in internal control, error or fraud may occur
   and not be detected. Also, projection of any evaluation of internal control
   to future periods is subject to the risk that it may become inadequate
   because of changes in conditions or that the effectiveness of the design and
   operation may deteriorate.

   Our consideration of internal control would not necessarily disclose all
   matters in internal control that might be material weakness under standards
   established by the American Institute of Certified Public Accountants. A
   material weakness is a condition in which the design or operation of one or
   more of the internal control components does not reduce to a relatively low
   level the risk that misstatements caused by error or fraud in amounts that
   would be material in relation to the financial statements being audited may
   occur and not be detected within a timely period by employees in the normal
   course of performing their assigned functions. However, we noted no matters
   involving internal control and its operation, including controls for
   safeguarding securities, that we consider to be material weaknesses as
   defined above as of October 31, 1999.

   This report is intended solely for the information and use of management, the
   Board of Directors of Van Kampen Select Sector Municipal Trust, and the
   Securities and Exchange Commission and is not intended to be and should not
   be used by anyone other than these specified parties.




   December 13, 1999



VAN KAMPEN SELECT SECTOR MUNICIPAL TRUST (VKL)

The Joint Annual Meeting of Shareholders of the Trust was held on June 16, 1999,
where shareholders voted on the election of Trustees and the selection of
independent public accountants. With regard to the election of Rod Dammeyer as
elected trustee by the preferred shareholders of the Trust 1,142 shares voted in
his favor and 0 shares withheld. With regard to the election of Wayne W. Whalen
as elected trustee by the common shareholders of the Trust 3,837,453 shares
voted in his favor and 52,960 shares withheld. With regard to the election of
Steven Muller as elected trustee by the common shareholders of the Trust
3,837,453 shares voted in his favor and 52,960 shares withheld. The other
trustees of the Fund whose terms did not expire in 1999 are Dennis J. McDonnell,
David C. Arch, Don G. Powell, Theodore A. Myers, Wayne Whalen and Howard J Kerr.
With regard to the ratification of KPMG Peat Marwick LLP as independent public
accountants for the Trust, 3,848,495 shares voted in favor of the proposal,
19,700 shares voted against and 23,360 shares abstained.


<TABLE> <S> <C>

<ARTICLE>                                            6
<SERIES>
   <NUMBER>                                         11
   <NAME>                SELECT SECTOR MUNICIPAL TRUST
<MULTIPLIER>                                         1

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          OCT-31-1999
<PERIOD-START>                             NOV-01-1998
<PERIOD-END>                               OCT-31-1999
<INVESTMENTS-AT-COST>                       92,563,810
<INVESTMENTS-AT-VALUE>                      95,725,913
<RECEIVABLES>                                2,657,419
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              98,383,332
<PAYABLE-FOR-SECURITIES>                     5,502,724
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      422,666
<TOTAL-LIABILITIES>                          5,925,390
<SENIOR-EQUITY>                             34,000,000
<PAID-IN-CAPITAL-COMMON>                    64,579,423
<SHARES-COMMON-STOCK>                        4,682,128
<SHARES-COMMON-PRIOR>                        4,682,128
<ACCUMULATED-NII-CURRENT>                      527,607
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     (9,811,191)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     3,162,103
<NET-ASSETS>                                92,457,942
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            5,526,103
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                (930,441)
<NET-INVESTMENT-INCOME>                      4,595,662
<REALIZED-GAINS-CURRENT>                      (811,767)
<APPREC-INCREASE-CURRENT>                   (7,038,625)
<NET-CHANGE-FROM-OPS>                       (3,254,730)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                   (4,512,469)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                              0
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                      (7,767,199)
<ACCUMULATED-NII-PRIOR>                        444,414
<ACCUMULATED-GAINS-PRIOR>                   (8,999,424)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          683,911
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                930,441
<AVERAGE-NET-ASSETS>                        97,701,219
<PER-SHARE-NAV-BEGIN>                           14.144
<PER-SHARE-NII>                                  0.982
<PER-SHARE-GAIN-APPREC>                         (1.677)
<PER-SHARE-DIVIDEND>                            (0.964)
<PER-SHARE-DISTRIBUTIONS>                        0.000
<RETURNS-OF-CAPITAL>                             0.000
<PER-SHARE-NAV-END>                             12.485
<EXPENSE-RATIO>                                   1.46


</TABLE>


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission