EXHIBIT (a)(1)(i)

  This announcement is not an offer to purchase or a solicitation of an offer
     to sell Common Shares. The Offer is made only by the Offer to Purchase
         dated January 17, 2003 and the related Letter of Transmittal.
 The Offer is not being made to, nor will tenders be accepted from or on behalf
                                      of,
        holders of Common Shares in any jurisdiction in which making or
          accepting the Offer would violate that jurisdiction's laws.

                      VAN KAMPEN SENIOR FLOATING RATE FUND

                      NOTICE OF OFFER TO PURCHASE FOR CASH
             13,165,587 OF ITS ISSUED AND OUTSTANDING COMMON SHARES
                      AT NET ASSET VALUE PER COMMON SHARE

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THE OFFER, PRORATION PERIOD AND WITHDRAWAL RIGHTS WILL EXPIRE AT 12:00 MIDNIGHT
    EASTERN TIME ON FRIDAY, FEBRUARY 14, 2003, UNLESS THE OFFER IS EXTENDED.

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    Van Kampen Senior Floating Rate Fund (the "Trust") is offering to purchase
13,165,587 of its issued and outstanding common shares of beneficial interest,
par value of $0.01 per share ("Common Shares"), at a price equal to the net
asset value per Common Share ("NAV") determined as of 5:00 pm Eastern Time on
Friday, February 14, 2003, unless extended by action of the Trust's Board of
Trustees. The tendering, acceptance and withdrawal of tenders are subject to the
terms and conditions set forth in the Offer to Purchase dated January 17, 2003
and the related Letter of Transmittal (which together constitute the "Offer").
An "Early Withdrawal Charge" will be imposed on most Common Shares accepted for
payment that have been held for less than one year. The NAV on January 3, 2003
was $7.40. The purpose of the Offer is to attempt to provide liquidity to
shareholders since the Trust is unaware of any secondary market which exists for
the Common Shares. The Offer is not conditioned upon the tender of any minimum
number of Common Shares, but is subject to certain conditions as set forth in
the Offer.
    If more than 13,165,587 Common Shares are duly tendered prior to the
expiration of the Offer, the Trust presently intends to (assuming no changes in
the factors originally considered by the Board of Trustees when it determined to
make the Offer and the other conditions set forth in the Offer) but is under no
obligation to, extend the Offer period, if necessary, and increase the number of
Common Shares that the Trust is offering to purchase to an amount which it
believes will be sufficient to accommodate the excess Common Shares tendered as
well as any Common Shares tendered during the extended Offer period, or purchase
13,165,587 Common Shares (or such greater number of Common Shares sought) on a
pro rata basis.
    Common Shares tendered pursuant to the Offer may be withdrawn at any time
prior to 12:00 Midnight Eastern Time on February 14, 2003, and, if not yet
accepted for payment by the Trust, Common Shares may also be withdrawn after
March 17, 2003.
    The information required to be disclosed by paragraph (d)(1) of Rule 13e-4
under the Securities Exchange Act of 1934, as amended, is contained in the Offer
to Purchase and is incorporated herein by reference.
    Questions and requests for assistance, for current NAV quotations or for
copies of the Offer to Purchase, Letter of Transmittal and any other tender
offer document, may be directed to Van Kampen Funds Inc. at the address and
telephone number below. Copies will be furnished promptly at no expense to you.
Shareholders who do not own Common Shares directly may tender their Common
Shares through their broker, dealer or nominee.

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      THE OFFER TO PURCHASE AND THE RELATED LETTER OF TRANSMITTAL CONTAIN
   IMPORTANT INFORMATION THAT SHOULD BE READ CAREFULLY BEFORE ANY DECISION IS
                        MADE WITH RESPECT TO THE OFFER.

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                             VAN KAMPEN FUNDS INC.
       1 PARKVIEW PLAZA - P.O. BOX 5555 - OAKBROOK TERRACE, IL 60181-5555
                                  800-421-5666
             (Between the hours of 7:00 am to 7:00 pm Central Time)

                                January 17, 2003