<TABLE>
<CAPTION>
NSAR ITEM 77O
VK Select Sector Municipal Trust
10f-3 Transactions
UNDERWRITING # UNDERWRITING PURCHASED FROM AMOUNT OF SHARES % OF UNDERWRITING DATE OF PURCHASE
PURCHASED
<S> <C> <C> <C> <C> <C>
1 New York Dorm Authority - Mental JP Morgan 1,745,000 1.22 10/06/00
Health
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Underwriting Participants
Underwriter #1:
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Bear Stearns & Co., Inc.
First Albany Corporation
Morgan Stanley & Co., Incorporated
Raymond James and Associates, Inc.
Salomon Smith Barney
Fleet Securities, Inc.
Ramirez & Co., Inc.
William E. Simon & Sons Municipal Securities, Inc.