DEF 14A 1 c75184ddef14a.txt DEFINITIVE NOTICE AND PROXY SCHEDULE 14A INFORMATION PROXY STATEMENT PURSUANT TO SECTION 14(A) OF THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. ) Filed by the Co-Registrants [X] Filed by a Party other than the Registrant [ ] Check the appropriate box: [ ] Preliminary Proxy Statement [ ] Confidential, for Use of the Com- mission Only (as permitted by Rule 14a-6(e)(2)) [X] Definitive Proxy Statement [ ] Definitive Additional Materials [ ] Soliciting Material Pursuant to Rule 14a-11(c) or Rule 14a-12 VAN KAMPEN HIGH INCOME TRUST VAN KAMPEN HIGH INCOME TRUST II VAN KAMPEN INVESTMENT GRADE MUNICIPAL TRUST VAN KAMPEN MUNICIPAL TRUST VAN KAMPEN CALIFORNIA QUALITY MUNICIPAL TRUST VAN KAMPEN NEW YORK QUALITY MUNICIPAL TRUST VAN KAMPEN PENNSYLVANIA QUALITY MUNICIPAL TRUST VAN KAMPEN FLORIDA QUALITY MUNICIPAL TRUST VAN KAMPEN OHIO QUALITY MUNICIPAL TRUST VAN KAMPEN TRUST FOR INSURED MUNICIPALS VAN KAMPEN TRUST FOR INVESTMENT GRADE MUNICIPALS VAN KAMPEN TRUST FOR INVESTMENT GRADE CALIFORNIA MUNICIPALS VAN KAMPEN TRUST FOR INVESTMENT GRADE NEW YORK MUNICIPALS VAN KAMPEN TRUST FOR INVESTMENT GRADE PENNSYLVANIA MUNICIPALS VAN KAMPEN TRUST FOR INVESTMENT GRADE FLORIDA MUNICIPALS VAN KAMPEN TRUST FOR INVESTMENT GRADE NEW JERSEY MUNICIPALS VAN KAMPEN ADVANTAGE MUNICIPAL INCOME TRUST VAN KAMPEN ADVANTAGE PENNSYLVANIA MUNICIPAL INCOME TRUST VAN KAMPEN VALUE MUNICIPAL INCOME TRUST VAN KAMPEN OHIO VALUE MUNICIPAL INCOME TRUST VAN KAMPEN MASSACHUSETTS VALUE MUNICIPAL INCOME TRUST VAN KAMPEN NEW YORK VALUE MUNICIPAL INCOME TRUST VAN KAMPEN CALIFORNIA VALUE MUNICIPAL INCOME TRUST VAN KAMPEN PENNSYLVANIA VALUE MUNICIPAL INCOME TRUST VAN KAMPEN MUNICIPAL OPPORTUNITY TRUST VAN KAMPEN MUNICIPAL OPPORTUNITY TRUST II VAN KAMPEN ADVANTAGE MUNICIPAL INCOME TRUST II VAN KAMPEN SELECT SECTOR MUNICIPAL TRUST VAN KAMPEN STRATEGIC SECTOR MUNICIPAL TRUST VAN KAMPEN MUNICIPAL INCOME TRUST VAN KAMPEN CALIFORNIA MUNICIPAL TRUST VAN KAMPEN BOND FUND VAN KAMPEN INCOME TRUST (Names of Co-Registrants as Specified in Their Charters) Payment of Filing Fee (Check the appropriate box): [X] No fee required. [ ] Fee computed per Exchange Act Rules 14a-6(i)(1) and 0-11. [ ] Fee paid previously with preliminary materials. -- MAY 2003 -- -------------------------------------------------------------------------------- IMPORTANT NOTICE -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- TO VAN KAMPEN CLOSED-END FUND SHAREHOLDERS -------------------------------------------------------------------------------- QUESTIONS & ANSWERS --------------------------------------- Although we recommend that you read the complete Joint Proxy Statement, for your convenience, we have provided a brief overview of the issues to be voted on. --------------------------------------- Q WHY IS A SHAREHOLDER MEETING BEING HELD? A Each Van Kampen closed- end fund is traded on a nationally recognized stock exchange and is required to hold an annual meeting of shareholders. Q WHAT PROPOSAL WILL BE VOTED ON? A You are being asked to elect nominees for the Board of Trustees and to approve a related amendment to your Fund's declaration of trust to increase the authorized number of board members. Q WILL MY VOTE MAKE A DIFFERENCE? A Yes, your vote is important and will make a difference no matter how many shares you own. We encourage all shareholders to participate in the governance of their funds. Q HOW DOES THE BOARD OF TRUSTEES RECOMMEND THAT I VOTE? A The Board recommends that you vote "FOR ALL" of the nominees on the enclosed proxy card and "FOR" the proposed amendment to the declaration of trust. Q WHY DOES THE JOINT PROXY STATEMENT LIST SEVERAL CLOSED-END FUNDS? A The funds have similar proposals and it is cost-effective to have a joint proxy statement and one meeting. Q WHERE DO I CALL FOR MORE INFORMATION? A Please call Van Kampen's Client Relations Department at 1-800-341-2929 (Telecommunications Device for the Deaf users may call 1-800-421-2833) or visit our website at www.vankampen.com, where you can send us an e-mail message by selecting "Contact Us." ABOUT THE PROXY CARD -------------------------------------------------------------------------------- Please vote on each issue using blue or black ink to mark an X in one of the boxes provided on the proxy card. ELECTION OF TRUSTEES - mark "FOR ALL," "WITHHOLD" or "FOR ALL EXCEPT." To withhold authority to vote for any one or more individual nominee(s), check "FOR ALL EXCEPT" and write the nominee's name in the line below. AMENDMENT TO DECLARATION OF TRUST - mark "FOR," "AGAINST" or "ABSTAIN." Sign, date and return the proxy card in the enclosed postage-paid envelope. All registered owners of an account, as shown in the address, must sign the card. When signing as attorney, trustee, executor, administrator, custodian, guardian or corporate officer, please indicate your full title. [ ] PLEASE MARK X VOTES AS IN THIS EXAMPLE
VAN KAMPEN XXXXX JOINT ANNUAL MEETING OF SHAREHOLDERS XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
FOR ALL FOR ALL WITHHOLD EXCEPT 1x. Authority to vote [ ] [ ] [ ] 3. To transact such other business as may for the election as properly come before the Meeting. Class X Trustees the nominees named below: XXXXXXXXX, XXXXXXXXX, XXXXXXXXX To withhold authority to vote for any one or more individual nominee check "For All Except" and write the nominee's name on the line below. ----------------------------------
FOR AGAINST ABSTAIN 2. To amend the [ ] [ ] [ ] declaration of trust:
Please be sure to sign and date this Proxy, Date Shareholder sign here Co-owner sign here XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX SAMPLE VAN KAMPEN CLOSED-END FUNDS 1 PARKVIEW PLAZA OAKBROOK TERRACE, ILLINOIS 60181-5555 TELEPHONE (800) 341-2929 NOTICE OF JOINT ANNUAL MEETING OF SHAREHOLDERS TO BE HELD JUNE 24, 2003 Notice is hereby given to the holders of common shares of beneficial interest ("Common Shares") and, where applicable, the holders of preferred shares of beneficial interest (the "Preferred Shares") of each of the Van Kampen Closed- End Funds listed on Annex A (the "Funds") to the attached Joint Proxy Statement that the Joint Annual Meeting of Shareholders of the Funds (the "Meeting") will be held at the offices of Van Kampen Investments Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003, at 3:00 p.m., for the following purposes: 1. To elect trustees in the following manner: (a) With respect to VIG, VNV, VKI, VKV, VOV, VCV, VPV, VMV, VKS and VOT, to elect four Class I trustees, one Class II trustee and one Class III trustee, each by the holders of Common Shares of each such Fund. Each elected Class I trustee will serve for a three year term or until a successor shall have been duly elected and qualified. The elected Class II trustee will serve for a one year term or until a successor shall have been duly elected and qualified. The elected Class III trustee will serve for a two year term or until a successor shall have been duly elected and qualified. (b) With respect to VGM, VTJ, VKA, VFM, VIM, VTN, VAP, VOQ, VIC, VTP, VKQ, VNM, VTF, VMO, VQC, VPQ, VLT, VIT, VMT and VKC, to elect two Class I trustees, each by the holders of Common Shares of each such Fund, three Class II trustees, two by the holders of Common Shares of each such Fund and one by the holders of Preferred Shares of each such Fund, and one Class III trustee by the holders of Common Shares of each such Fund. Each elected Class I trustee will serve for a two year term or until a successor shall have been duly elected and qualified. Each elected Class II trustee will serve for a three year term or until a successor shall have been duly elected and qualified. The elected Class III trustee will serve for a one year term or until a successor shall have been duly elected and qualified.
(c) With respect to VBF, to elect two Class I trustees, three Class II trustees and one Class III trustee, each by the holders of Common Shares of such Fund. Each elected Class I trustee will serve for a two year term or until a successor shall have been duly elected and qualified. Each elected Class II trustee will serve for a three year term or until a successor shall have been duly elected and qualified. The elected Class III trustee will serve for a one year term or until a successor shall have been duly elected and qualified. (d) With respect to VKL, to elect two Class I trustees, each by the holders of Common Shares of such Fund, one Class II trustee by the holders of Common Shares of such Fund, and four Class III trustees, three by the holders of Common Shares of such Fund and one by the holders of Preferred Shares of such Fund. Each elected Class I trustee will serve for a one year term or until a successor shall have been duly elected and qualified. The elected Class II trustee will serve for a two year term or until a successor shall have been duly elected and qualified. Each elected Class III trustee will serve for a three year term or until a successor shall have been duly elected and qualified. (e) With respect to VIN, to elect two Class I trustees, one Class II trustee and four Class III trustees, each by the holders of Common Shares of such Fund. Each elected Class I trustee will serve for a one year term or until a successor shall have been duly elected and qualified. The elected Class II trustee will serve for a two year term or until a successor shall have been duly elected and qualified. Each elected Class III trustee will serve for a three year term or until a successor shall have been duly elected and qualified. 2. With respect to each Fund except VBF and VIN, to approve a related amendment to the Fund's declaration of trust to increase the authorized number of board members. 3. To transact such other business as may properly come before the Meeting or any adjournments thereof.
Holders of record of the Common Shares and, where applicable, Preferred Shares of each Fund at the close of business on April 25, 2003 are entitled to notice of and to vote at the Meeting and any adjournment thereof. By order of the Board of Trustees A. THOMAS SMITH III, Vice President and Secretary May 23, 2003 EACH FUND WILL FURNISH, WITHOUT CHARGE, A COPY OF ITS MOST RECENT ANNUAL REPORT (AND THE MOST RECENT SEMI-ANNUAL REPORT SUCCEEDING THE ANNUAL REPORT, IF ANY) TO ANY SHAREHOLDER UPON REQUEST. ANY SUCH REQUEST SHOULD BE DIRECTED TO THE RESPECTIVE FUND BY CALLING 1-800-341-2929 OR BY WRITING TO THE RESPECTIVE FUND AT 1 PARKVIEW PLAZA, PO BOX 5555, OAKBROOK TERRACE, ILLINOIS 60181-5555. SHAREHOLDERS OF THE FUNDS ARE INVITED TO ATTEND THE MEETING IN PERSON. IF YOU DO NOT EXPECT TO ATTEND THE MEETING, PLEASE INDICATE YOUR VOTING INSTRUCTIONS ON THE ENCLOSED PROXY CARD WITH RESPECT TO EACH FUND IN WHICH YOU WERE A SHAREHOLDER AS OF THE RECORD DATE, DATE AND SIGN SUCH PROXY CARD(S), AND RETURN IT (THEM) IN THE ENVELOPE PROVIDED, WHICH IS ADDRESSED FOR YOUR CONVENIENCE AND NEEDS NO POSTAGE IF MAILED IN THE UNITED STATES. IN ORDER TO AVOID THE ADDITIONAL EXPENSE OF FURTHER SOLICITATION, WE ASK THAT YOU MAIL YOUR PROXY PROMPTLY. The Board of Trustees of each Fund recommends that you cast your vote: - FOR ALL of the nominees for the Board of Trustees listed in the Joint Proxy Statement. - FOR the proposed amendment to the declaration of trust. YOUR VOTE IS IMPORTANT. PLEASE RETURN YOUR PROXY CARD(S) PROMPTLY NO MATTER HOW MANY SHARES YOU OWN. JOINT PROXY STATEMENT VAN KAMPEN CLOSED-END FUNDS 1 PARKVIEW PLAZA OAKBROOK TERRACE, ILLINOIS 60181-5555 TELEPHONE (800) 341-2929 JOINT ANNUAL MEETING OF SHAREHOLDERS JUNE 24, 2003 INTRODUCTION This Joint Proxy Statement is furnished in connection with the solicitation by the respective Board of Trustees (the "Trustees" or the "Board") of each of the Van Kampen Closed-End Funds listed on Annex A to this Joint Proxy Statement (the "Funds") of proxies to be voted at a Joint Annual Meeting of Shareholders of the Funds, and all adjournments thereof (the "Meeting"), to be held at the offices of Van Kampen Investments Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003, at 3:00 p.m. The Meeting will be an annual meeting for each Fund. The approximate mailing date of this Joint Proxy Statement and accompanying form of proxy is May 28, 2003. Participating in the Meeting are holders of common shares of beneficial interest (the "Common Shares") and, where applicable, the holders of preferred shares of beneficial interest (the "Preferred Shares") of each of the Funds as set forth in Annex A to this Joint Proxy Statement. The Common Shares and the Preferred Shares of the Funds sometimes are referred to herein collectively as the "Shares." The Meeting is scheduled as a joint meeting of the shareholders of the Funds because the shareholders of the Funds are expected to consider and vote on similar matters. The Board of Trustees has determined that the use of a joint proxy statement for the Meeting is in the best interest of the shareholders of each of the Funds. In the event that a shareholder of any Fund present at the Meeting objects to the holding of a joint meeting and moves for an adjournment of the meeting of such Fund to a time immediately after the Meeting so that such Fund's meeting may be held separately, the persons named as proxies will vote in favor of the adjournment. Annex A lists the abbreviated name and stock symbol by which the Funds sometimes are referred to in this Joint Proxy Statement. Please refer to Annex A for any questions you may have regarding whether your Fund is participating at the Meeting, defined terms relating to the Funds and abbreviated Fund names. The Board has fixed the close of business on April 25, 2003 as the record date (the "Record Date") for the determination of holders of Shares of each Fund entitled to vote at the Meeting. The number of issued and outstanding Common Shares and, where applicable, Preferred Shares of each Fund as of the Record Date is shown in Annex B to this Joint Proxy Statement. The following table summarizes the proposals to be presented at the Meeting for the Funds and the shareholders entitled to vote with respect to the proposals.
PROPOSALS/AFFECTED FUNDS AFFECTED SHAREHOLDERS ------------------------ --------------------- 1. ELECTION OF TRUSTEES: (a) With respect to VIG, VNV, VKI, VKV, VOV, VCV, VPV, VMV, VKS and VOT, to elect -- four Class I trustees, each by holders of Common Shares of each such Fund Common -- one Class II trustee by holders of Common Shares of each such Fund Common -- one Class III trustee by holders of Common Shares of each such Fund Common (b) With respect to VGM, VTJ, VKA, VFM, VIM, VTN, VAP, VOQ, VIC, VTP, VKQ, VNM, VTF, VMO, VQC, VPQ, VLT, VIT, VMT and VKC, to elect -- two Class I trustees, each by holders of Common Shares of each such Fund Common -- two Class II trustees, each by holders of Common Shares of each such Fund Common -- one Class II trustee by holders of Preferred Shares of each such Fund Preferred -- one Class III trustee by holders of Common Shares of each such Fund Common (c) With respect to VBF, to elect -- two Class I trustees, each by holders of Common Shares of such Fund Common -- three Class II trustees, each by holders of Common Shares of such Fund Common -- one Class III trustee by holders of Common Shares of such Fund Common (d) With respect to VKL, to elect -- two Class I trustees, each by holders of Common Shares of such Fund Common -- one Class II trustee by holders of Common Shares of such Fund Common -- three Class III trustees, each by holders of Common Shares of such Fund Common -- one Class III trustee by holders of Preferred Shares of such Fund Preferred
2
PROPOSALS/AFFECTED FUNDS AFFECTED SHAREHOLDERS ------------------------ --------------------- (e) With respect to VIN, to elect -- two Class I trustees, each by holders of Common Shares of such Fund Common -- one Class II trustee by holders of Common Shares of such Fund Common -- four Class III trustees, each by holders of Common Shares of such Fund Common 2. With respect to each Fund except VBF and VIN, to Common and Preferred, approve an amendment to the Fund's declaration of as separate classes trust to increase the authorized number of board members
EACH FUND WILL FURNISH, WITHOUT CHARGE, A COPY OF ITS MOST RECENT ANNUAL REPORT (AND THE MOST RECENT SEMI-ANNUAL REPORT SUCCEEDING THE ANNUAL REPORT, IF ANY) TO ANY SHAREHOLDER UPON REQUEST. ANY SUCH REQUEST SHOULD BE DIRECTED TO THE RESPECTIVE FUND BY CALLING 1-800-341-2929 OR BY WRITING TO THE RESPECTIVE FUND AT 1 PARKVIEW PLAZA, PO BOX 5555, OAKBROOK TERRACE, ILLINOIS 60181-5555. VOTING Shareholders of a Fund on the Record Date are entitled to one vote per Share with respect to any proposal submitted to the shareholders of the Fund, with no Share having cumulative voting rights. The voting requirement for passage of a particular proposal depends on the nature of the proposal. With respect to Proposal 1(a) through (e), holders of Common Shares and Preferred Shares, where applicable, will vote as separate classes for the respective nominee(s) to be elected by such class of Shares. The affirmative vote of a plurality of the Common Shares of a Fund present at the Meeting in person or by proxy is required to elect each nominee for Trustee of such Fund designated to be elected by the holders of the Common Shares of such Fund. The affirmative vote of a plurality of the Preferred Shares of a Fund present at the Meeting in person or by proxy is required to elect each nominee for Trustee of such Fund designated to be elected by the holders of the Preferred Shares of such Fund. Election by plurality means those persons who receive the highest number of votes cast "FOR" up to the total number of persons to be elected as trustees at the Meeting shall be elected. With respect to Proposal 2 affecting each Fund except VBF and VIN, holders of Common Shares and Preferred Shares will vote as separate classes to amend the respective declaration of trust of each such Fund to increase the authorized number of board members. The affirmative vote of a "majority of the outstanding voting securities" of a Fund, which is defined under the Investment Company Act of 1940, as amended (the "1940 Act"), as the lesser of (i) 67% or more of the voting securities of the Fund present in person or by proxy at the Meeting, if the holders of more than 50% of the outstanding voting securities of the Fund are present in 3 person or by proxy at the Meeting or (ii) more than 50% of the outstanding voting securities of the Fund, is required to amend a Fund's declaration of trust. The Board of Trustees of each Fund recommends that you cast your vote: - FOR ALL of the nominees for the Board of Trustees listed in the Joint Proxy Statement. - FOR the proposed amendment to the declaration of trust. An unfavorable vote on a proposal by the shareholders of one Fund will not affect the implementation of such proposal by another Fund, if the proposal is approved by the shareholders of the other Fund. An unfavorable vote on a proposal by the shareholders of a Fund will not affect such Fund's implementation of other proposals that receive a favorable vote. There is no cumulative voting with respect to the election of Trustees or the proposed amendment to the declaration of trust of each Fund except VBF and VIN. All properly executed proxies received prior to the Meeting will be voted at the Meeting in accordance with the instructions marked thereon. Proxies received prior to the Meeting on which no vote is indicated will be voted "FOR" each proposal as to which they are entitled to be voted. Abstentions and broker non-votes (i.e., where a nominee such as a broker, holding shares for beneficial owners, indicates that instructions have not been received from the beneficial owners, and the nominee does not exercise discretionary authority) are not treated as votes "FOR" a proposal. With respect to Proposal 1(a) through (e), abstentions and broker non-votes are disregarded since only votes "FOR" are considered in a plurality voting requirement. With respect to Proposal 2, abstentions do not constitute votes "FOR" a proposal and will have the same effect as votes "AGAINST" a proposal; meanwhile, broker non-votes do not constitute votes "FOR" or "AGAINST" a proposal and are disregarded in determining the votes cast when the voting requirement for a proposal is based on achieving a percentage of the voting securities present in person or by proxy at the Meeting and broker non-votes have the same effect as votes "AGAINST" when the voting requirement for a proposal is based on achieving a percentage of the outstanding voting securities. A majority of the outstanding Shares of a Fund entitled to vote must be present in person or by proxy to have a quorum for such Fund to conduct business at the Meeting. Abstentions and broker non-votes will be deemed present for quorum purposes. Shareholders who execute proxies may revoke them at any time before they are voted by filing with the respective Fund a written notice of revocation, by delivering a duly executed proxy bearing a later date or by attending the Meeting and voting in person. The Funds know of no business other than that mentioned in Proposals 1 and 2 that will be presented for consideration at the Meeting. If any other matters are properly presented, it is the intention of the persons named on the enclosed proxy to vote proxies 4 in accordance with their best judgment. In the event a quorum is present at the Meeting but sufficient votes to approve any of the proposals with respect to one or more Funds or proposals are not received, proxies (including abstensions and broker non-votes) would be voted in favor of one or more adjournments of the Meeting of the concerned Fund with respect to such proposal to permit further solicitation of proxies, provided they determine that such an adjournment and additional solicitation is reasonable and in the interest of shareholders based on a consideration of all relevant factors, including the nature of the relevant proposal, the percentage of votes then cast, the percentage of negative votes then cast, the nature of the proposed solicitation activities and the nature of the reasons for such further solicitation. INVESTMENT ADVISER Van Kampen Investment Advisory Corp. ("Advisory Corp.") serves as investment adviser to each Fund, except VBF and VIN. Van Kampen Asset Management Inc. ("Asset Management") serves as investment adviser to VBF and VIN. Advisory Corp. and Asset Management sometimes are referred to herein collectively as the "Advisers." The principal business address of the Advisers is 1 Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555. The Advisers are wholly owned subsidiaries of Van Kampen Investments Inc. ("Van Kampen"). Van Kampen is one of the nation's largest investment management companies, with more than $66 billion in assets under management or supervision as of March 31, 2003. Van Kampen is a wholly owned subsidiary of Morgan Stanley. OTHER SERVICE PROVIDERS Each Fund, except VBF, VIN, VKL, VMT, VKC, VIG, VLT and VIT, has entered into an administration agreement between such Fund and Van Kampen Funds Inc. (in such capacity, the "Administrator"). The Administrator's principal business address is 1 Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555. The Administrator is a wholly owned subsidiary of Van Kampen. With respect to VKS, the Administrator has engaged UBS Global Asset Management (US) Inc. (formerly Brinson Advisors, Inc.) to act as a sub-administrator (the "Sub-Administrator"). The Sub-Administrator's principal place of business is 51 West 52nd Street, New York, New York 10019. With respect to VKL, Advisory Corp. and the Fund have entered into an administration agreement with Princeton Administrators, L.P. ("Princeton") for the provision of certain administrative services. Princeton's principal place of business is 800 Scudders Mill Road, Plainsboro, New Jersey 08536. Each Fund, except VBF and VIN, has entered into an accounting services agreement with Advisory Corp. and a legal services agreement with Van Kampen. Van Kampen's principal business address is 1 Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555. Each of VMT, VKC, VIG, VLT and VIT has also entered into a support services agreement with Van Kampen Funds Inc. 5 BACKGROUND ON PROPOSALS 1 AND 2 Shareholders are being asked to elect trustees to the respective Board of each of the Funds and are also being asked to approve a related amendment to the declaration of trusts for certain Funds to increase the authorized number of board members. These actions reflect efforts under way to combine the incumbent Trustees of the Funds with trustees/directors/managing general partners of boards of other Van Kampen-related funds managed by the Advisers. The incumbent Trustees of the Funds believe that the combination will create efficiencies and improve the effectiveness of Trustee oversight of the Funds, the Funds' management and the Funds' other service providers. The incumbent Trustees reviewed shareholder benefits and costs (as well as benefits and costs to the management company) of combining the trustees/directors/managing general partners of the various Van-Kampen-related funds into one board versus other alternatives to one board, including maintaining the status quo. The incumbent Trustees reviewed shareholder benefits in light of the changing environment for corporate governance. The incumbent Trustees considered the benefits of combining the boards to include, among other things: increased number of independent board members compared to interest board members; greater board efficiency and effectiveness in overseeing similarly situated funds and service providers; broader experience, knowledge, diversity and expertise among board members; experienced board members at future retirements; and improved efficiencies among management resources. The incumbent Trustees considered the goals of each board of the Funds and other Van Kampen-related funds in pursuing a combination, the qualitative and quantitative effects of a board combination on shareholders, each board's current relationship with management and the anticipated post-combination relationship with management, and efficiencies and improved effectiveness that may be achieved at the fund level, board level, management level and among third-party services providers. After reviewing these considerations, the incumbent Trustees concluded that the combination is likely to benefit shareholders of each Fund. As in the past, only one class of the incumbent Trustees is being submitted to shareholders of each Fund for re-election at the Meeting; however, all of the new nominees for Trustees are being submitted to shareholders of each Fund for election at the Meeting. The declaration of trust of each Fund provides that the Board of Trustees shall consist of Trustees divided into three classes, the classes to be as nearly equal in number as possible. For each Fund, the Trustees of only one class are elected at each annual meeting so that the regular term of only one class of Trustees will expire annually and any particular Trustee stands for election only once in each three-year period. Consistent with the foregoing, only one class of incumbent Trustees is up for election for each Fund; however, each of the new nominees for Trustee is up for election this year for each Fund with staggered terms so that the 6 new Trustees are divided into the existing three classes as nearly equal in number as possible. This type of classification may prevent replacement of a majority of Trustees for a particular Fund for up to a two-year period. The foregoing is subject to the provisions of the 1940 Act, applicable state law based on the state of organization of each Fund, each Fund's declaration of trust and each Fund's bylaws. Proposals 1(a) through 1(e) describe the Trustees and new nominees for Trustee nominated for election by each Fund at this Meeting. Newly elected Trustees will begin serving their terms on June 30, 2003, or such later date on which their election becomes final. Shareholders are also being asked to approve a related amendment to the declaration of trust of each Fund except VBF and VIN to increase the authorized number of board members. Reflecting primarily that Van Kampen-related funds were created at different times and that some Van Kampen-related funds were historically from different fund complexes, the declarations of trust for the Funds and the organizational documents for other Van Kampen-related funds have different provisions regarding the maximum number of board members (for example, some Van Kampen-related funds limit the number of board members to no more than 11 members, while other funds limit the board size to no more than 15 members, still others limit the board size to no more than 20 members and finally some are silent on the issue). In an effort to achieve more consistency across the Van Kampen-related funds and to provide more flexibility in the board combination process, shareholders of each Fund except VBF and VIN are being asked to amend the respective Fund's declaration of trust to allow up to 15 board members. Proposal 2 describes the proposed amendment to the declarations of trust of each Fund except VBF and VIN. PROPOSAL 1: ELECTION OF TRUSTEES Trustees are to be elected by the shareholders at the Meeting in the following manner: (a) With respect to VIG, VNV, VKI, VKV, VOV, VCV, VPV, VMV, VKS and VOT, shareholders are being asked to elect six trustees. Four Class I Trustees (David C. Arch, Jerry D. Choate, Howard J Kerr and Suzanne H. Woolsey) are to be elected at the Meeting by the holders of Common Shares to serve until the later of each such Fund's Annual Meeting of Shareholders in 2006 or until their successors have been duly elected and qualified. One Class II Trustee (Linda Hutton Heagy) is to be elected at the Meeting by the holders of Common Shares to serve until the later of each such Fund's Annual Meeting of Shareholders in 2004 or until her successor has been duly elected and qualified. One Class III Trustee (R. Craig Kennedy) is to be elected at the Meeting by the holders of Common Shares to serve until the later of each such Fund's 7 Annual Meeting of Shareholders in 2005 or until his successor has been duly elected and qualified. An affirmative vote of a plurality of the Common Shares of each such Fund is required to elect the respective nominees. It is the intention of the persons named in the enclosed proxy to vote the Common Shares represented by them for the election of the respective nominees listed below unless the proxy is marked otherwise. (b) With respect to VGM, VTJ, VKA, VFM, VIM, VTN, VAP, VOQ, VIC, VTP, VKQ, VNM, VTF, VMO, VQC, VPQ, VLT, VIT, VMT and VKC, shareholders are being asked to elect six trustees. Two Class I Trustees (Jerry D. Choate and Suzanne H. Woolsey) are to be elected at the Meeting by the holders of Common Shares to serve until the later of each such Fund's Annual Meeting of Shareholders in 2005 or until their successors have been duly elected and qualified. Two Class II Trustees (Linda Hutton Heagy and Wayne W. Whalen) are to be elected at the Meeting by the holders of Common Shares to serve until the later of each such Fund's Annual Meeting of Shareholders in 2006 or until their successors have been duly elected and qualified. One Class II Trustee (Rod Dammeyer) is to be elected at the Meeting by the holders of Preferred Shares to serve until the later of each such Fund's Annual Meeting of Shareholders in 2006 or until his successor has been duly elected and qualified. One Class III Trustee (R. Craig Kennedy) is to be elected at the Meeting by the holders of Common Shares to serve until the later of each such Fund's Annual Meeting of Shareholders in 2004 or until his successor has been duly elected and qualified. Holders of Common Shares, voting as a separate class, and holders of Preferred Shares, voting as a separate class, will vote with respect to the nominees designated to be elected by each such class of shares. An affirmative vote of a plurality of the Common Shares of each such Fund and a plurality of the Preferred Shares of each such Fund, each voting as a separate class, is required to elect the respective nominees. It is the intention of the persons named in the enclosed proxy to vote the Shares represented by them for the election of the respective nominees listed below unless the proxy is marked otherwise. (c) With respect to VBF, shareholders are being asked to elect six trustees. Two Class I Trustees (Jerry D. Choate and Suzanne H. Woolsey) are to be elected at the Meeting by the holders of Common Shares to serve until the later of such Fund's Annual Meeting of Shareholders in 2005 or until their successors have been duly elected and qualified. Three Class II Trustees (Rod Dammeyer, Linda Hutton Heagy and Wayne W. Whalen) are to be elected at the Meeting by the holders of Common Shares to serve until the later of such Fund's Annual Meeting of Shareholders in 2006 or until their successors have been duly elected 8 and qualified. One Class III Trustee (R. Craig Kennedy) is to be elected at the Meeting by the holders of Common Shares to serve until the later of such Fund's Annual Meeting of Shareholders in 2004 or until his successor has been duly elected and qualified. An affirmative vote of a plurality of the Common Shares of such Fund is required to elect the respective nominees. It is the intention of the persons named in the enclosed proxy to vote the Common Shares represented by them for the election of the respective nominees listed below unless the proxy is marked otherwise. (d) With respect to VKL, shareholders are being asked to elect seven trustees. Two Class I Trustees (Jerry D. Choate and Suzanne H. Woolsey) are to be elected at the Meeting by the holders of Common Shares to serve until the later of such Fund's Annual Meeting of Shareholders in 2004 or until their successors have been duly elected and qualified. One Class II Trustee (Linda Hutton Heagy) is to be elected at the Meeting by the holders of Common Shares to serve until the later of such Fund's Annual Meeting of Shareholders in 2005 or until her successor has been duly elected and qualified. Three Class III Trustees (R. Craig Kennedy, Richard F. Powers, III and Hugo F. Sonnenschein) are to be elected at the Meeting by the holders of Common Shares to serve until the later of such Fund's Annual Meeting of Shareholders in 2006 or until their successors have been duly elected and qualified. One Class III Trustee (Theodore A. Myers) is to be elected at the Meeting by the holders of Preferred Shares to serve until the later of such Fund's Annual Meeting of Shareholders in 2006 or until his successor has been duly elected and qualified. Holders of Common Shares, voting as a separate class, and holders of Preferred Shares, voting as a separate class, will vote with respect to respective nominees designated to be elected by such class of shares. An affirmative vote of a plurality of the Common Shares of each Fund and a plurality of the Preferred Shares of each Fund, each voting as a separate class, is required to elect the respective nominees. It is the intention of the persons named in the enclosed proxy to vote the Shares represented by them for the election of the respective nominees listed below unless the proxy is marked otherwise. (e) With respect to VIN, shareholders are being asked to elect seven trustees. Two Class I Trustees (Jerry D. Choate and Suzanne H. Woolsey) are to be elected at the Meeting by the holders of Common Shares to serve until the later of such Fund's Annual Meeting of Shareholders in 2004 or until their successors have been duly elected and qualified. One Class II Trustee (Linda Hutton Heagy) is to be elected at the Meeting by the holders of Common Shares to serve until the later of such Fund's Annual Meeting of Shareholders in 2005 or until her 9 successor has been duly elected and qualified. Four Class III Trustees (R. Craig Kennedy, Theodore A. Myers, Richard F. Powers III and Hugo F. Sonnenschein) are to be elected at the Meeting by the holders of Common Shares to serve until the later of such Fund's Annual Meeting of Shareholders in 2006 or until their successors have been duly elected and qualified. An affirmative vote of a plurality of the Common Shares of such Fund is required to elect the respective nominees. It is the intention of the persons named in the enclosed proxy to vote the Common Shares represented by them for the election of the respective nominees listed below unless the proxy is marked otherwise. 10 INFORMATION REGARDING TRUSTEES AND NOMINEES FOR ELECTION AS TRUSTEE The business and affairs of the Funds are managed under the direction of the Board of Trustees. The tables below list the incumbent Trustees and new nominees for Trustee, their principal occupations during the last five years, other directorships held by them and their affiliations, if any, with the Advisers, Van Kampen Funds Inc., Van Kampen Advisors Inc., Van Kampen Exchange Corp. and Van Kampen Investor Services, Inc. The term "Fund Complex" includes each of the investment companies advised by the Advisers. Trustees of the Funds generally serve three year terms or until their successors are duly elected and qualified. All nominees have consented to being named in this Joint Proxy Statement and have agreed to serve if elected. The proposed slate of Trustees consists of the seven incumbent Trustees, each of whom serves, as of the date of this Joint Proxy Statement, as a trustee or managing general partner of 37 Van Kampen-related funds in the Fund Complex (the "Closed-End Fund Complex"), and four individuals who currently serve as trustees/directors of 55 other Van Kampen-related funds in the Fund Complex (the "Open-End Fund Complex"). Two of the incumbent Trustees are "interested persons" of the Funds within the meaning of Section 2(a)(19) of the 1940 Act and are hereinafter referred to as "Incumbent Interested Trustees." The other five incumbent Trustees are considered independent under the 1940 Act and are hereinafter referred to as "Incumbent Independent Trustees." Each of the seven incumbent Trustees has served as a member of the Board of Trustees since his initial election or appointment to the Board of Trustees as set forth in Annex C to this Joint Proxy Statement. The four nominees from the Open-End Fund Complex would be considered independent under the 1940 Act and are hereinafter referred to as the "New Nominees for Independent Trustee." INCUMBENT INDEPENDENT TRUSTEES
NUMBER OF FUNDS IN TERM OF CLOSED-END OFFICE AND FUND POSITION(S) LENGTH OF COMPLEX NAME, AGE AND ADDRESS HELD WITH TIME PRINCIPAL OCCUPATION(S) OVERSEEN OF TRUSTEE FUNDS SERVED DURING PAST 5 YEARS BY TRUSTEE David C. Arch(1) (57) Trustee + Chairman and Chief Executive Officer of 37 Blistex Inc. Blistex Inc., a consumer health care 1800 Swift Drive products manufacturer, and former Director Oak Brook, IL 60523 of the World Presidents Organization-Chicago Chapter. Trustee or Managing General Partner of other funds in the Closed-End Fund Complex. NAME, AGE AND ADDRESS OTHER DIRECTORSHIPS OF TRUSTEE HELD BY TRUSTEE David C. Arch(1) (57) Director of the Heartland Blistex Inc. Alliance, a nonprofit 1800 Swift Drive organization serving human Oak Brook, IL 60523 needs based in Chicago.
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NUMBER OF FUNDS IN TERM OF CLOSED-END OFFICE AND FUND POSITION(S) LENGTH OF COMPLEX NAME, AGE AND ADDRESS HELD WITH TIME PRINCIPAL OCCUPATION(S) OVERSEEN OF TRUSTEE FUNDS SERVED DURING PAST 5 YEARS BY TRUSTEE Rod Dammeyer(2) (62) Trustee + President of CAC, llc., a private company 37 CAC, llc. offering capital investment and management 4350 LaJolla Village advisory services. Trustee or Managing Drive General Partner of other funds in the Suite 980 Closed-End Fund Complex. Prior to February San Diego, CA 92122-6223 2001, Vice Chairman and Director of Anixter International, Inc. and IMC Global Inc. Prior to July 2000, Managing Partner of Equity Group Corporate Investment (EGI), a company that makes private investments in other companies. NAME, AGE AND ADDRESS OTHER DIRECTORSHIPS OF TRUSTEE HELD BY TRUSTEE Rod Dammeyer(2) (62) Director of TeleTech CAC, llc. Holdings Inc., Stericycle, 4350 LaJolla Village Inc., TheraSense, Inc., GATX Drive Corporation, Arris Group, Suite 980 Inc. and Trustee of the San Diego, CA 92122-6223 University of Chicago Hospitals and Health Systems. Prior to May 2002, Director of Peregrine Systems Inc. Prior to July 2000, Director of Allied Riser Communications Corp., Matria Healthcare Inc., Transmedia Networks, Inc., CNA Surety, Corp. and Grupo Azcarero Mexico (GAM). Prior to April 1999, Director of Metal Management, Inc. Prior to 1998, Director of Lukens, Inc., Capsure Holdings Corp., Revco D.S., Inc., the Chase Manhattan Corporation National Advisory Board and Sealy, Inc.
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NUMBER OF FUNDS IN TERM OF CLOSED-END OFFICE AND FUND POSITION(S) LENGTH OF COMPLEX NAME, AGE AND ADDRESS HELD WITH TIME PRINCIPAL OCCUPATION(S) OVERSEEN OF TRUSTEE FUNDS SERVED DURING PAST 5 YEARS BY TRUSTEE Howard J Kerr(1) (67) Trustee + Trustee or Managing General Partner of 37 736 North Western Avenue other funds in the Closed-End Fund Complex. P.O. Box 317 Prior to 1998, President and Chief Lake Forest, IL 60045 Executive Officer of Pocklington Corporation, Inc., an investment holding company. Theodore A. Myers(3) (72) Trustee + Financial consultant. Trustee or Managing 37 550 Washington Avenue General Partner of other funds in the Glencoe, IL 60022 Closed-End Fund Complex. Prior to 1998, Senior Financial Advisor (and, prior to 1997, an Executive Vice President, Chief Financial Officer and Director) of Qualitech Steel Corporation, a producer of high quality engineered steels for automotive, transportation and capital goods industries. Prior to 1997, member of the Arthur Andersen Chief Financial Officers' Advisory Committee. NAME, AGE AND ADDRESS OTHER DIRECTORSHIPS OF TRUSTEE HELD BY TRUSTEE Howard J Kerr(1) (67) Director of the Marrow 736 North Western Avenue Foundation and Lake Forest P.O. Box 317 Bank & Trust. Lake Forest, IL 60045 Theodore A. Myers(3) (72) Director of Met Life 550 Washington Avenue Investors (formerly known as Glencoe, IL 60022 COVA Financial Life Insurance). Prior to 1997, Director of McLouth Steel.
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NUMBER OF FUNDS IN TERM OF CLOSED-END OFFICE AND FUND POSITION(S) LENGTH OF COMPLEX NAME, AGE AND ADDRESS HELD WITH TIME PRINCIPAL OCCUPATION(S) OVERSEEN OF TRUSTEE FUNDS SERVED DURING PAST 5 YEARS BY TRUSTEE Hugo F. Sonnenschein(3) Trustee + President Emeritus and Honorary Trustee of 37 (62) the University of Chicago and the Adam 1126 E. 59th Street Smith Distinguished Service Professor in Chicago, IL 60637 the Department of Economics at the University of Chicago. Prior to July 2000, President of the University of Chicago. Trustee of the University of Rochester and a member of its investment committee. Member of the National Academy of Sciences, the American Philosophical Society and a fellow of the American Academy of Arts and Sciences. Trustee or Managing General Partner of other funds in the Closed-End Fund Complex. NAME, AGE AND ADDRESS OTHER DIRECTORSHIPS OF TRUSTEE HELD BY TRUSTEE Hugo F. Sonnenschein(3) Director of Winston (62) Laboratories, Inc. 1126 E. 59th Street Chicago, IL 60637
NEW NOMINEES FOR INDEPENDENT TRUSTEE
NUMBER OF FUNDS IN CLOSED-END FUND COMPLEX NAME, AGE AND ADDRESS PRINCIPAL OCCUPATION(S) TO BE OVERSEEN OTHER DIRECTORSHIPS OF NOMINEE DURING PAST 5 YEARS BY NOMINEE HELD BY NOMINEE Jerry D. Choate(1) (64) Trustee/Director of funds in the Open-End Fund Complex. 34 Director of Amgen 33971 Selva Road Prior to January 1999, Chairman and Chief Executive Officer Inc., a Suite 130 of the Allstate Corporation ("Allstate") and Allstate biotechnological com- Dana Point, CA 92629 Insurance Company. Prior to January 1995, President and pany, and Valero Chief Executive Officer of Allstate. Prior to August 1994, Energy Corporation, various management positions at Allstate. an independent refining company.
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NUMBER OF FUNDS IN CLOSED-END FUND COMPLEX NAME, AGE AND ADDRESS PRINCIPAL OCCUPATION(S) TO BE OVERSEEN OTHER DIRECTORSHIPS OF NOMINEE DURING PAST 5 YEARS BY NOMINEE HELD BY NOMINEE Linda Hutton Heagy(2) (54) Managing Partner of Heidrick & Struggles, an executive 34 Sears Tower search firm. Trustee/Director of funds in the Open-End Fund 233 South Wacker Drive Complex. Trustee of the University of Chicago Hospitals Suite 7000 Board, Vice Chair of the Board of the YMCA of Metropolitan Chicago, IL 60606 Chicago and a member of the Women's Board of the University of Chicago. Prior to 1997, Partner of Ray & Berndtson, Inc., an executive recruiting firm. Prior to 1996, Trustee of The International House Board, a fellowship and housing organization for international graduate students. Prior to 1995, Executive Vice President of ABN AMRO, N.A., a bank holding company. Prior to 1992, Executive Vice President of La Salle National Bank. R. Craig Kennedy(3) (51) Director and President of the German Marshall Fund of the 34 11 DuPont Circle, N.W. United States, an independent U.S. foundation created to Washington, D.C. 20016 deepen understanding, promote collaboration and stimulate exchanges of practical experience between Americans and Europeans. Trustee/Director of funds in the Open-End Fund Complex. Formerly, advisor to the Dennis Trading Group Inc., a managed futures and option company that invests money for individuals and institutions. Prior to 1992, President and Chief Executive Officer, Director and member of the Investment Committee of the Joyce Foundation, a private foundation. Suzanne H. Woolsey(1) (61) Chief Communications Officer of the National Academy of 34 Director of Neurogen 2101 Constitution Ave., Sciences/National Research Council, an independent, Corporation, a N.W. federally chartered policy institution, since 2001, and pharmaceutical Room 285 previously Chief Operating Officer from 1993 to 2001. company, since Washington, D.C. 20418 Trustee/Director of funds in the Open-End Fund Complex. January 1998. Director of the Institute for Defense Analyses, a federally funded research and development center. Director of the German Marshall Fund of the United States. Trustee of Colorado College. Prior to 1993, Executive Director of the Commission on Behavioral and Social Sciences and Education at the National Academy of Sciences/National Research Council. From 1980 through 1989, Partner of Coopers & Lybrand.
15 INCUMBENT INTERESTED TRUSTEES
NUMBER OF TERM OF FUNDS IN OFFICE AND FUND POSITION(S) LENGTH OF COMPLEX NAME, AGE AND ADDRESS OF HELD WITH TIME PRINCIPAL OCCUPATION(S) OVERSEEN TRUSTEE FUNDS SERVED DURING PAST 5 YEARS BY TRUSTEE Richard F. Powers, Trustee + Trustee, Director or Managing General Partner of other 92 III(3)* (57) funds in the Fund Complex. Advisory Director of Morgan 1 Parkview Plaza Stanley. Prior to December 2002, Chairman, Director, Oakbrook Terrace, IL President, Chief Executive Officer, Director and Managing 60181 Director of Van Kampen Investments and its investment advisory, distribution and other subsidiaries. Prior to December 2002, President and Chief Executive Officer of funds in the Fund Complex. Prior to May 1998, Executive Vice President and Director of Marketing of Morgan Stanley Dean Witter & Co. and Director of Dean Witter Discover & Co. and Dean Witter Realty. Prior to 1996, Director of Dean Witter Reynolds Inc. Wayne W. Whalen(2)* (63) Trustee + Partner in the law firm of Skadden, Arps, Slate, Meagher & 92 333 West Wacker Drive Flom (Illinois), legal counsel to certain funds advised by Chicago, IL 60606 the Advisers. Trustee, Director or Managing General Partner of other funds in the Fund Complex. NAME, AGE AND ADDRESS OF OTHER DIRECTORSHIPS TRUSTEE HELD BY TRUSTEE Richard F. Powers, III(3)* (57) 1 Parkview Plaza Oakbrook Terrace, IL 60181 Wayne W. Whalen(2)* (63) 333 West Wacker Drive Chicago, IL 60606
--------------- (1) Designated as a Class I trustee. (2) Designated as a Class II trustee. (3) Designated as a Class III trustee. + Each Trustee generally serves a three-year term from the date of election. Each incumbent Trustee has served as a Trustee of each respective Fund since the year shown in Annex C. Each of the New Nominees for Independent Trustee is up for election this year for each Fund with staggered terms so that the new Trustees are divided into the existing three classes as nearly equal in number as possible. * Mr. Powers is an interested person of funds in the Fund Complex and the Advisers by reason of his former positions with Morgan Stanley or its affiliates. Mr. Whalen is an interested person of funds in the Fund Complex by reason of his firm currently serving as legal counsel to such funds in the Fund Complex. 16 REMUNERATION OF TRUSTEES The compensation of Trustees and executive officers that are affiliated persons (as defined in the 1940 Act) of Advisory Corp., Asset Management or Van Kampen is paid by the respective entity. The funds in the Closed-End Fund Complex, including the Funds, pay the non-affiliated Trustees an annual retainer and meeting fees, plus expenses incurred in connection with such meeting. Funds in the Closed-End Fund Complex pay an annual Closed-End Fund Complex retainer in an amount equal to the product of $2,500 multiplied by the number of funds in the Closed-End Fund Complex, which retainer is then allocated among the funds in the Closed-End Fund Complex based on the relative net assets of such funds, and meeting fees of $250 per meeting per fund, plus reimbursement of expenses incurred in connection with such meeting. Each fund in the Closed-End Fund Complex (except the Van Kampen Exchange Fund) provides a deferred compensation plan to its non-affiliated Trustees that allows such trustees to defer receipt of compensation and earn a return on such deferred amounts based upon the return of the common shares of the funds in the Closed-End Fund Complex as more fully described below. Each fund in the Closed-End Fund Complex (except the Van Kampen Exchange Fund) also provides a retirement plan to its non-affiliated Trustees that provides non-affiliated Trustees with compensation after retirement, provided that certain eligibility requirements are met as more fully described below. Each non-affiliated Trustee generally can elect to defer receipt of all or a portion of the compensation earned by such non-affiliated Trustee until retirement. Amounts deferred are retained by the respective fund and earn a rate of return determined by reference to the return on the common shares of such fund or other funds in the Closed-End Fund Complex as selected by the respective non-affiliated Trustee, with the same economic effect as if such non-affiliated Trustee had invested in one or more funds in the Closed-End Fund Complex, including the Funds. To the extent permitted by the 1940 Act, each Fund may invest in securities of those funds selected by the non-affiliated Trustees in order to match the deferred compensation obligation. The deferred compensation plan is not funded and obligations thereunder represent general unsecured claims against the general assets of the respective Fund. Each Fund has adopted a retirement plan. Under the retirement plan, a non-affiliated Trustee who is receiving trustee's compensation from a Fund prior to such non-affiliated Trustee's retirement, has at least 10 years of service (including years of service prior to adoption of the retirement plan) for such Fund and retires at or after attaining the age of 60, is eligible to receive a retirement benefit equal to $2,500 per year for each of the ten years following such Trustee's retirement from such Fund. Trustees retiring prior to the age of 60 or with fewer than 10 years but more than 5 years of service may receive reduced retirement benefits from a Fund. 17 Each Trustee has served as a member of each Fund's Board of Trustees since the year of such Trustee's appointment or election as set forth on Annex C to this Proxy Statement. Additional information regarding compensation and benefits for Trustees is set forth below. As indicated in the notes accompanying the table, the amounts relate to either the respective Fund's most recently completed fiscal year end in 2002 or the Closed-End Fund Complex's most recently completed calendar year ended December 31, 2002. COMPENSATION TABLE
CLOSED-END FUND COMPLEX ------------------------------------------------ ESTIMATED TOTAL PENSION OR COMPENSATION RETIREMENT BEFORE AGGREGATE BENEFITS ESTIMATED DEFERRAL FROM COMPENSATION ACCRUED ANNUAL CLOSED-END FROM EACH AS PART OF BENEFITS UPON FUND NAME(1) FUND(3) FUND EXPENSES(4) RETIREMENT(5) COMPLEX(6) ------- ------------ ---------------- ------------- ------------- David C. Arch................ (3) $14,694 $90,000 $138,750 Rod Dammeyer................. (3) 26,231 90,000 138,750 Howard J Kerr................ (3) 50,408 90,000 138,750 Theodore A. Myers............ (3) 99,450 86,000 138,750 Richard F. Powers, III(2).... N/A N/A N/A N/A Hugo F. Sonnenschein......... (3) 26,282 90,000 138,750 Wayne W. Whalen.............. (3) 29,657 90,000 138,750
--------------- N/A: Not applicable. (1) Each of the New Nominees for Trustee was not a trustee of any of the Funds during such Fund's most recently completed fiscal year ended in 2002 and thus received no compensation from the Funds. Each of the New Nominees for Independent Trustee currently serves as a trustee of funds in the Open-End Fund Complex and is compensated by an annual retainer and meeting fees for services to the funds in the Open-End Fund Complex and is also eligible, subject to certain conditions, to participate in a deferred compensation plan and a retirement plan offered by the Open-End Fund Complex. (2) Mr. Powers is an affiliated person of the Advisers and Van Kampen and does not receive compensation or retirement benefits from the Funds. (3) The amount of aggregate compensation payable by each Fund for its most recently completed fiscal year ended in 2002 before deferral by the Trustees under the deferred compensation plan is shown in Annex D. Certain Trustees deferred all or a portion of the aggregate compensation payable by each Fund for its most recently completed fiscal year end in 2002 as shown in Annex E. The deferred compensation plan is described above the table. Amounts deferred are retained by the respective Fund and earn a rate of return determined by reference to either the return on the Common Shares of the Fund or the common shares of other funds in the Closed-End Fund Complex as selected by the respective Trustee. To the extent permitted by the 1940 Act, the Fund may invest in securities of these funds selected by the Trustees in order to match the deferred compensation obligation. The cumulative deferred compensation (including earnings accrued thereon for each trustee) for each Fund as of the end of its most recently completed fiscal year end in 2002 is shown in Annex F. (4) The amounts shown in this column represent the sum of the estimated pension or retirement benefit accruals expected to be accrued by the operating funds in the Closed-End Fund Complex for their respective fiscal years ended in 2002. The retirement plan is described above the compensation table. 18 (5) For each Trustee, the amounts shown in this column represent the sum of the estimated annual benefits upon retirement payable per year by the current operating funds in the Closed-End Fund Complex for each year of the 10-year period commencing in the year of such Trustee's anticipated retirement. Each Fund is expected to pay benefits of $2,500 per year for each of the 10-year period commencing in the year of such Trustee's retirement to those Trustees who retire at or over the age of 60 and with at least ten years of service to each Fund. The retirement plan is described above the compensation table. (6) The amounts shown in this column are accumulated from the aggregate compensation of the 37 operating investment companies in the Closed-End Fund Complex for the calendar year ended December 31, 2002 before deferral by the Trustees under the deferred compensation plan. Amounts deferred are retained by the respective fund and earn a rate of return determined by reference to either the return on the Common Shares of the Fund or the common shares of other funds in the Closed-End Fund Complex as selected by the respective Trustee. To the extent permitted by the 1940 Act, the respective fund may invest in securities of the funds selected by the Trustees in order to match the deferred compensation obligation. The Advisers or their affiliates also serve as investment adviser for funds in the Open-End Fund Complex; however, with the exception of Messrs. Whalen and Powers, the Trustees are not trustees of such funds. Combining the Closed-End Fund Complex with the Open-End Fund Complex, Mr. Whalen earned total compensation of $245,750 for the year ended December 31, 2002. MEETINGS AND COMMITTEES During the fiscal year ended December 31, 2002, the Board of Trustees of VIN held nine meetings and the Board of Trustees of VLT and VIT each held ten meetings. During the last fiscal year, each of the Trustees of such Funds during the period such Trustee served as a Trustee attended at least 75% of the meetings of the respective Board of Trustees and all committee meetings thereof of which such Trustee was a member. During the fiscal year ended December 31, 2002, the Board of Trustees of such Funds had no standing committees with the exception of an audit committee which held two meetings. During the fiscal year ended October 31, 2002, the Board of Trustees of VIG, VKV, VCV, VMV, VNV, VOV, VPV, VKS, VOT, VKI, VGM, VIM, VIC, VTF, VTJ, VTN, VTP, VMO, VKA, VAP, VKL, VKQ, VQC, VFM, VOQ, VNM and VPQ each held nine meetings. During the last fiscal year, each of the Trustees of such Funds during the period such Trustee served as a Trustee attended at least 75% of the meetings of the respective Board of Trustees and all committee meetings thereof of which such Trustee was a member. During the fiscal year ended October 31, 2002, the Board of Trustees of such Funds had no standing committees with the exception of an audit committee which held two meetings. During the fiscal year ended June 30, 2002, the Board of Trustees of VBF, VMT and VKC each held ten meetings. During the last fiscal year, each of the Trustees of such Funds during the period such Trustee served as a Trustee attended at least 75% of the meetings of the respective Board of Trustees and all committee meetings thereof of which such Trustee was a member. During the fiscal year ended June 30, 19 2002, the Board of Trustees of such Funds had no standing committees with the exception of an audit committee which held two meetings. Each Fund has an audit committee. The Board of Trustees of each Fund has adopted a formal written charter for the audit committee which sets forth the audit committee's responsibilities. In accordance with proxy rules promulgated by the Securities and Exchange Commission (the "SEC"), a fund's audit committee charter is required to be filed at least once every three years as an exhibit to a fund's proxy statement. The audit committee charter for each of the Funds was filed as Exhibit H to the Funds' 2001 Proxy Statement. The audit committee of each Fund has reviewed and discussed the financial statements of each Fund with management as well as with Deloitte & Touche LLP, the independent auditors of each Fund, and discussed with Deloitte & Touche LLP the matters required to be discussed under the Statement of Auditing Standards No. 61. The audit committee has received the written disclosures and the letter from Deloitte & Touche LLP required under Independence Standard Board No. 1 and has discussed with the independent auditors their independence. Based on this review, the audit committee recommended to the Board of Trustees of each Fund that each Fund's audited financial statements be included in each Fund's annual report to shareholders for the most recent fiscal year for filing with the SEC. The audit committee currently consists of Messrs. Arch, Dammeyer, Kerr, Myers and Sonnenschein. Each committee member is "independent" as defined by either the New York Stock Exchange or American Stock Exchange listing standard applicable to the respective Fund. Each Fund has an ad hoc retirement plan committee which currently consists of Messrs. Arch, Dammeyer and Sonnenschein. The retirement plan committee is responsible for reviewing the terms of each Fund's retirement plan and reviews any administrative matters with respect thereto. The retirement plan committee does not meet on a regular basis and had no meetings during each Fund's last fiscal year, but does meet on an ad hoc basis as necessary to administer the retirement plan. SHAREHOLDER APPROVAL With respect to Proposal 1(a) through (e), the holders of Common Shares and, where applicable, the holders of Preferred Shares, each voting as a separate class, will vote on the respective nominees designated to be elected by such class of Shares. The affirmative vote of a plurality of the Common Shares of each Fund present at the Meeting in person or by proxy is required to elect each nominee for Trustee designated to be elected by the Common Shares, and, where applicable, the affirmative vote of a plurality of the Preferred Shares of each Fund present at the Meeting in person or by proxy is required to elect each nominee for Trustee designated to be elected by the Preferred Shares. THE BOARD OF TRUSTEES RECOMMENDS A VOTE "FOR ALL" OF THE NOMINEES. 20 PROPOSAL 2: AMENDMENT TO THE DECLARATION OF TRUST Shareholders are being asked to approve an amendment to the declaration of trust of each Fund, except VBF and VIN, to increase the authorized number of board members. Each of the Funds is organized as a trust pursuant to a declaration of trust. Each of the other Van Kampen-related funds is organized as a trust (or as a series of a trust) under a declaration of trust, as a corporation (or series of a corporation) under articles of incorporation or as a limited partnership under a partnership agreement. Several of these various organizational documents for Van Kampen-related funds specify a different maximum authorized number of board members (i.e., trustees, directors or managing general partners, as the case may be), and these different organizational documents have different amendment provisions. These differences primarily reflect the fact that the various Van Kampen-related funds were created at different times and that some Van Kampen-related funds were historically from different fund complexes. As another element of the proposed board combination process described herein, the Trustees of each of the Funds, except VBF and VIN, are also asking shareholders to approve a related amendment to the declaration of trust of each Fund, except VBF and VIN, to increase the maximum authorized number of board members to 15. VBF and VIN are excluded from this Proposal 2 because each of their respective organizational documents already specifies the maximum authorized number of board members as 15. In an effort to achieve consistency among these board membership provisions across the Van Kampen-related funds and to provide more flexibility in the board combination process, shareholders of each Fund, except VBF and VIN, are being asked to amend each such Fund's declaration of trust. If Proposal 2 is approved by shareholders, the Trustees of each Fund may expand the Board beyond the 11 trustees proposed for election in the preceding Proposal 1 (but not to more than 15 members) and appoint new board members from other Van Kampen-related funds consistent with the board combination process described herein. SHAREHOLDER APPROVAL With respect to Proposal 2, the holders of Common Shares and Preferred Shares will vote as separate classes to amend the respective declaration of trust of each Fund, except VBF and VIN, to increase the authorized number of board members. The affirmative vote of a "majority of the outstanding voting securities" of a Fund, which is defined under the 1940 Act as the lesser of (i) 67% or more of the voting securities of the Fund present in person or by proxy at the Meeting, if the holders of more than 50% of the outstanding voting securities of the Fund are present in person or by proxy at the Meeting or (ii) more than 50% of the outstanding voting securities of the Fund, is required to amend a Fund's declaration of trust. THE BOARD OF TRUSTEES RECOMMENDS A VOTE "FOR" THE PROPOSED AMENDMENT TO THE DECLARATION OF TRUST OF EACH FUND (EXCEPT VBF AND VIN). 21 OTHER INFORMATION EXECUTIVE OFFICERS OF THE FUNDS The following information relates to the executive officers of the Funds who are not Trustee nominees. Each officer also serves in the same capacity for all or a number of the other investment companies advised by the Advisers or affiliates of the Advisers. The officers of the Funds are appointed annually by the Trustees and serve for one year or until their respective successors are chosen and qualified. The Funds' officers receive no compensation from the Funds but may also be officers of the Advisers or officers of affiliates of the Advisers and receive compensation in such capacities.
TERM OF OFFICE AND POSITION(S) LENGTH OF NAME, AGE AND HELD WITH TIME PRINCIPAL OCCUPATION(S) ADDRESS OF OFFICER FUNDS SERVED DURING PAST 5 YEARS Mitchell Merin (49) President and Officer President and Chief Executive Officer of funds in the Fund 1221 Avenue of the Americas Chief Executive since 2002 Complex since November 2002. Trustee/Director of certain New York, NY 10020 Officer funds in the Fund Complex since 1999. Chairman, President, Chief Executive Officer and Director of the Advisers and VK Advisors Inc. since December 2002. Chairman, President and Chief Executive Officer of Van Kampen since December 2002. Director of Van Kampen since December 1999. Chairman and Chief Executive Officer and Director of Van Kampen Funds Inc. since December 2002. President and Chief Operating Officer of Morgan Stanley Investment Management since December 1998. President and Director since April 1997 and Chief Executive Officer since June 1998 of Morgan Stanley Investment Advisors Inc. and Morgan Stanley Services Company Inc. Chairman, Chief Executive Officer and Director of Morgan Stanley Distributors Inc. since June 1998. Chairman since June 1998, and Director since January 1998 of Morgan Stanley Trust. Director of various Morgan Stanley subsidiaries and President of the Morgan Stanley Funds since May 1999. Chief Strategic Officer of Morgan Stanley Investment Advisors Inc. and Morgan Stanley Services Company Inc. and Executive Vice President of Morgan Stanley Distributors Inc. from April 1997 to June 1998. Vice President of the Morgan Stanley Funds from May 1997 to April 1999. Executive Vice President of Dean Witter, Discover & Co. prior to May 1997.
22
TERM OF OFFICE AND POSITION(S) LENGTH OF NAME, AGE AND HELD WITH TIME PRINCIPAL OCCUPATION(S) ADDRESS OF OFFICER FUNDS SERVED DURING PAST 5 YEARS Stephen L. Boyd (62) Vice President Officer Managing Director of Global Research Investment Management. 2800 Post Oak Blvd. since 1998 Vice President of funds in the Fund Complex. Prior to 45th Floor December 2002, Chief Investment Officer of Van Kampen and Houston, TX 77056 President and Chief Operations Officer of the Advisers and Van Kampen Advisors Inc. Prior to May 2002, Executive Vice President and Chief Investment Officer of funds in the Fund Complex. Prior to May 2001, Managing Director of Van Kampen, the Advisers and Van Kampen Advisors Inc. Prior to December 2000, Executive Vice President and Chief Investment Officer of Van Kampen, and President and Chief Operating Officer of the Advisers. Prior to April 2000, Executive Vice President and Chief Investment Officer for Equity Investments of the Advisers. Prior to October 1998, Vice President and Senior Portfolio Manager with AIM Capital Management, Inc. Prior to February 1998, Senior Vice President and Portfolio Manager of Van Kampen American Capital Asset Management, Inc., Van Kampen American Capital Investment Advisory Corp. and Van Kampen American Capital Management, Inc. Joseph J. McAlinden (60) Executive Vice Officer Managing Director and Chief Investment Officer of Morgan 1221 Avenue of the Americas President and since 2002 Stanley Investment Advisors Inc., Morgan Stanley Investment New York, NY 10020 Chief Investment Management Inc. and Morgan Stanley Investments LP and Officer Director of Morgan Stanley Trust for over 5 years. Executive Vice President and Chief Investment Officer of funds in the Fund Complex. Managing Director and Chief Investment Officer of Van Kampen, the Advisers and Van Kampen Advisors Inc. since December 2002.
23
TERM OF OFFICE AND POSITION(S) LENGTH OF NAME, AGE AND HELD WITH TIME PRINCIPAL OCCUPATION(S) ADDRESS OF OFFICER FUNDS SERVED DURING PAST 5 YEARS A. Thomas Smith III (46) Vice President and Officer Vice President and Secretary of funds in the Fund Complex 1221 Avenue of the Americas Secretary since 1999 since 1999. Managing Director of Morgan Stanley, Managing New York, NY 10020 Director and Director of Van Kampen, Director of the Advisers, Van Kampen Advisors Inc., Van Kampen Funds Inc., and certain other subsidiaries of Van Kampen. Managing Director and General Counsel-Mutual Funds of Morgan Stanley Investment Advisors, Inc. Vice President and Secretary of funds in the Fund Complex. Prior to July 2001, Managing Director, General Counsel, Secretary and Director of Van Kampen, the Advisers, Van Kampen Funds Inc., Van Kampen Investor Services Inc. and certain other subsidiaries of Van Kampen. Prior to December 2000, Executive Vice President, General Counsel, Secretary and Director of Van Kampen, the Advisers, Van Kampen Advisors Inc., Van Kampen Funds Inc., Van Kampen Investor Services Inc. and certain other subsidiaries of Van Kampen. Prior to January 1999, Vice President and Associate General Counsel to New York Life Insurance Company ("New York Life"), and prior to March 1997, Associate General Counsel of New York Life. Prior to December 1993, Assistant General Counsel of The Dreyfus Corporation. Prior to August 1991, Senior Associate, Willkie Farr & Gallagher. Prior to January 1989, Staff Attorney at the Securities and Exchange Commission, Division of Investment Management, Office of Chief Counsel.
24
TERM OF OFFICE AND POSITION(S) LENGTH OF NAME, AGE AND HELD WITH TIME PRINCIPAL OCCUPATION(S) ADDRESS OF OFFICER FUNDS SERVED DURING PAST 5 YEARS John R. Reynoldson (49) Vice President Officer Executive Director and Portfolio Specialist of the Advisers 1 Parkview Plaza since 2000 and Van Kampen Advisors Inc. Vice President of funds in the Oakbrook Terrace, IL 60181 Fund Complex. Prior to July 2001, Principal and Co-head of the Fixed Income Department of the Advisers and Van Kampen Advisors Inc. Prior to December 2000, Senior Vice President of the Advisers and Van Kampen Advisors Inc. Prior to May 2000, Mr. Reynoldson managed the investment grade taxable group for the Advisers since July 1999. From July 1988 to June 1999, Mr. Reynoldson managed the government securities bond group for Asset Management. Mr. Reynoldson has been with Asset Management since April 1987. John L. Sullivan (47) Vice President, Officer Managing Director and Director of Van Kampen, the Advisers 1 Parkview Plaza Chief Financial since 1996 and Van Kampen Advisors Inc. and certain other subsidiaries Oakbrook Terrace, IL 60181 Officer and of Van Kampen. Vice President, Chief Financial Officer and Treasurer Treasurer of funds in the Fund Complex. Prior to December 2002, Executive Director of Van Kampen, the Advisers and Van Kampen Advisors Inc.
25 SHAREHOLDER INFORMATION As of April 25, 2003, to the knowledge of the Funds, no shareholder owned beneficially more than 5% of a class of a Fund's outstanding Shares. As of April 25, 2003, certain Trustees and executive officers owned, directly or beneficially, the number of Common Shares of each Fund as set forth in Annex G. Except as indicated on Annex G, as of April 25, 2003, the Trustees and executive officers of the Funds individually and as a group owned less than 1% of the outstanding Shares of each Fund. Trustees and executive officers who do not own any Common Shares of the Funds or Funds which are not owned by any Trustee or executive officers have been omitted from the table in Annex G. As of April 25, 2003, none of the New Nominees for Independent Trustee owned any Common Shares or Preferred Shares of the Funds, and no incumbent Trustees or executive officers owned any Preferred Shares of the Funds. As of April 25, 2003, each Trustee beneficially owned equity securities of the Funds and other funds in the Closed-End Fund Complex overseen by the Trustees in the dollar range amounts as specified in Annex H. SECTION 16(a) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE Section 30(f) of the 1940 Act and Section 16(a) of the Securities Exchange Act of 1934, as amended, require each of the Funds' Trustees, officers, investment adviser, affiliated persons of the investment adviser and persons who own more than 10% of a registered class of the Fund's equity securities to file forms with the SEC and the New York Stock Exchange or American Stock Exchange, as applicable, reporting their affiliation with the Fund and reports of ownership and changes in ownership of Fund Shares. These persons and entities are required by SEC regulation to furnish the Fund with copies of all such forms they file. Based on a review of these forms furnished to each Fund, each Fund believes that during its last fiscal year, its Trustees, officers, investment adviser and affiliated persons of the investment adviser complied with the applicable filing requirements except that, due to clerical errors, Mr. Myers was approximately 2 months late on a Form 4 filing regarding 3 sales transactions of VIT Shares. INDEPENDENT AUDITORS The Board of Trustees of each Fund, including a majority of the Trustees who are not "interested persons" of each Fund (as defined by the 1940 Act), has selected Deloitte & Touche LLP ("D&T") as the independent auditors to examine the financial statements for the current fiscal year of each Fund. The selection of D&T for the current fiscal year was recommended and approved by each Fund's audit committee and approved by each Fund's Board. Each of the Funds knows of no direct or indirect financial interest of D&T in such Fund. 26 AUDIT FEES For professional services rendered with respect to the audit of each Fund's annual financial statements, each Fund paid to D&T during such Fund's most recent fiscal year fees in the amounts set forth in Annex I. FINANCIAL INFORMATION SYSTEMS DESIGN AND IMPLEMENTATION FEES The Funds, Advisers and affiliates of the Advisers performing services for the Funds paid no fees to D&T during the Funds' most recent fiscal years for information systems design and implementation. ALL OTHER FEES Each Fund paid fees to D&T in the amounts set forth in Annex I during such Fund's most recent fiscal year for services other than those described above. The Advisers and affiliates of the Advisers performing services for the Funds paid fees to D&T in the aggregate amount of approximately $10.3 million during the Fund's most recent fiscal years for services other than those described above. The audit committee of the Board has considered whether the provision of services other than audit services by D&T to the Funds, the Advisers and affiliates of the Advisers that provide services to Funds is compatible with maintaining D&T's independence in performing audit services. Representatives of D&T will attend the Meeting, will have the opportunity to make a statement if they desire to do so and will be available to answer appropriate questions. EXPENSES The expenses of preparing, printing and mailing the enclosed form of proxy, the accompanying Notice and this Proxy Statement and all other costs, in connection with the solicitation of proxies will be borne by the Funds. The total amount of these expenses will be allocated among each of the Funds based upon the total number of shareholders for each Fund in relation to the total number of shareholders for all of the Funds participating in the Meeting. The Funds will also reimburse banks, brokers and others for their reasonable expenses in forwarding proxy solicitation material to the beneficial owners of the shares of the Funds. In order to obtain the necessary quorum at the Meeting, additional solicitation may be made by mail, telephone, telegraph, facsimile or personal interview by representatives of the Funds, the Advisers or Van Kampen, by the transfer agents of the Funds, by dealers or their representatives or by ALAMO direct Mail Services, Inc., a solicitation firm located in Hauppauge, New York that has been engaged to assist in proxy solicitation at an estimated cost of approximately $1,500 per Fund. 27 SHAREHOLDER PROPOSALS To be considered for presentation at a shareholders' meeting, rules promulgated by the SEC generally require that, among other things, a shareholder's proposal must be received at the offices of the relevant Fund a reasonable time before a solicitation is made. Shareholder proposals intended to be presented at the year 2004 Annual Meeting of Shareholders for a Fund pursuant to Rule 14a-8 under the Exchange Act of 1934, as amended (the "Exchange Act"), must be received by the Fund at the Fund's principal executive offices by January 24, 2004. In order for proposals made outside of Rule 14a-8 under the Exchange Act to be considered "timely" within the meaning of Rule 14a-4(c) under the Exchange Act, such proposals must be received by the Fund at the Fund's principal executive offices not later than April 13, 2004. Timely submission of a proposal does not necessarily mean that such proposal will be included. Any shareholder who wishes to submit a proposal for consideration at a meeting of such shareholder's Fund should send such proposal to the respective Fund at 1 Parkview Plaza, PO Box 5555, Oakbrook Terrace, Illinois 60181-5555. GENERAL Management of each Fund does not intend to present and does not have reason to believe that others will present any other items of business at the Meeting. However, if other matters are properly presented to the Meeting for a vote, the proxies will be voted upon such matters in accordance with the judgment of the persons acting under the proxies. A list of shareholders of each Fund entitled to be present and vote at the Meeting will be available at the offices of the respective Fund, 1 Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555, for inspection by any shareholder during regular business hours for ten days prior to the date of the Meeting. Failure of a quorum to be present at the Meeting for any Fund may necessitate adjournment and may subject such Fund to additional expense. IF YOU CANNOT BE PRESENT IN PERSON, YOU ARE REQUESTED TO FILL IN, SIGN AND RETURN THE ENCLOSED PROXY PROMPTLY. NO POSTAGE IS REQUIRED IF MAILED IN THE UNITED STATES. A. THOMAS SMITH III, Vice President and Secretary May 23, 2003 28 ANNEX A VAN KAMPEN CLOSED-END FUNDS The following list sets forth the Van Kampen closed-end investment companies (the "Funds") participating in the Joint Annual Meeting of Shareholders to be held at the offices of Van Kampen Investments Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555 on Tuesday, June 24, 2003, at 3:00 p.m. The name in the first column below is the legal name for each Fund. The name in the second column is the abbreviated name of each Fund and the designation in the third column is the stock symbol of each Fund; the abbreviated name or stock symbol are sometimes used to identify a specific Fund in the Joint Proxy Statement. Each of the Funds has issued common shares of beneficial interest and such common shares of the Funds are referred to herein as the "Common Shares." Certain Funds have issued preferred shares of beneficial interest with a liquidation preference per share as designated in the fourth column below, and such preferred shares of the Funds are referred to herein as the "Preferred Shares."
PREFERRED SHARES LEGAL NAME ABBREVIATED NAME STOCK SYMBOL OUTSTANDING ---------- ---------------- ------------ ---------------- Van Kampen Municipal Income Municipal Income Trust VMT Rate Adjusted Tax-Exempt Trust Shares, liquidation preference $500,000 per share Van Kampen California California Municipal VKC Remarketed Preferred Shares, Municipal Trust Trust liquidation preference $50,000 per share Van Kampen Investment Grade Investment Grade VIG Remarketed Preferred Shares, Municipal Trust Municipal Trust liquidation preference $100,000 per share Van Kampen Select Sector Select Sector VKL Remarketed Preferred Shares, Municipal Trust Municipal Trust liquidation preference $25,000 per share Van Kampen Municipal Trust Municipal Trust VKQ Auction Preferred Shares, liquidation preference $25,000 per share Van Kampen California California Quality VQC Auction Preferred Shares, Quality Municipal Trust Municipal Trust liquidation preference $25,000 per share Van Kampen New York Quality New York Quality VNM Auction Preferred Shares, Municipal Trust Municipal Trust liquidation preference $25,000 per share Van Kampen Pennsylvania Pennsylvania Quality VPQ Auction Preferred Shares, Quality Municipal Trust Municipal Trust liquidation preference $25,000 per share Van Kampen Florida Quality Florida Quality VFM Auction Preferred Shares, Municipal Trust Municipal Trust liquidation preference $25,000 per share Van Kampen Ohio Quality Ohio Quality Municipal VOQ Auction Preferred Shares, Municipal Trust Trust liquidation preference $25,000 per share
A-1
PREFERRED SHARES LEGAL NAME ABBREVIATED NAME STOCK SYMBOL OUTSTANDING ---------- ---------------- ------------ ---------------- Van Kampen Trust for Insured Trust for Insured VIM Auction Preferred Shares, Municipals Municipals liquidation preference $25,000 per share Van Kampen Trust for Trust for Investment VGM Auction Preferred Shares, Investment Grade Municipals Grade Municipals liquidation preference $25,000 per share Van Kampen Trust for Trust for Investment VIC Auction Preferred Shares, Investment Grade California Grade California liquidation preference Municipals Municipals $25,000 per share Van Kampen Trust for Trust for Investment VTN Auction Preferred Shares, Investment Grade New York Grade New York liquidation preference Municipals Municipals $25,000 per share Van Kampen Trust for Trust for Investment VTP Auction Preferred Shares, Investment Grade Grade Pennsylvania liquidation preference Pennsylvania Municipals Municipals $25,000 per share Van Kampen Trust for Trust for Investment VTF Auction Preferred Shares, Investment Grade Florida Grade Florida liquidation preference Municipals Municipals $25,000 per share Van Kampen Trust for Trust for Investment VTJ Auction Preferred Shares, Investment Grade New Jersey Grade New Jersey liquidation preference Municipals Municipals $25,000 per share Van Kampen Municipal Municipal Opportunity VMO Auction Preferred Shares, Opportunity Trust Trust liquidation preference $25,000 per share Van Kampen Advantage Advantage Municipal VKA Auction Preferred Shares, Municipal Income Trust Income Trust liquidation preference $25,000 per share Van Kampen Advantage Advantage Pennsylvania VAP Auction Preferred Shares, Pennsylvania Municipal Municipal Income liquidation preference Income Trust Trust $25,000 per share Van Kampen Ohio Value Ohio Value Municipal VOV Auction Preferred Shares, Municipal Income Trust Income Trust liquidation preference $25,000 per share Van Kampen Massachusetts Massachusetts Value VMV Auction Preferred Shares, Value Municipal Income Municipal Income liquidation preference Trust Trust $25,000 per share Van Kampen Strategic Sector Strategic Sector VKS Auction Preferred Shares, Municipal Trust Municipal Trust liquidation preference $25,000 per share Van Kampen New York Value New York Value VNV Auction Preferred Shares, Municipal Income Trust Municipal Income liquidation preference Trust $25,000 per share Van Kampen California Value California Value VCV Auction Preferred Shares, Municipal Income Trust Municipal Income liquidation preference Trust $25,000 per share Van Kampen Pennsylvania Pennsylvania Value VPV Auction Preferred Shares, Value Municipal Income Municipal Income liquidation preference Trust Trust $25,000 per share
A-2
PREFERRED SHARES LEGAL NAME ABBREVIATED NAME STOCK SYMBOL OUTSTANDING ---------- ---------------- ------------ ---------------- Van Kampen Value Municipal Value Municipal Income VKV Auction Preferred Shares, Income Trust Trust liquidation preference $25,000 per share Van Kampen Municipal Municipal Opportunity VOT Auction Preferred Shares, Opportunity Trust II Trust II liquidation preference $25,000 per share Van Kampen Advantage Advantage Municipal VKI Auction Preferred Shares, Municipal Income Trust II Income Trust II liquidation preference $25,000 per share Van Kampen High Income High Income Trust II VLT Auction Preferred Shares, Trust II liquidation preference $25,000 per share Van Kampen High High Income Trust VIT Auction Market Preferred Income Trust Shares, liquidation preference $100,000 per share Van Kampen Bond Fund Bond Fund VBF Not Applicable Van Kampen Income Trust Income Trust VIN Not Applicable
A-3 ANNEX B VAN KAMPEN CLOSED-END FUNDS The following list sets forth the number of issued and outstanding Common Shares and Preferred Shares, where applicable, for each Fund as of April 25, 2002, the Record Date.
FUND NAME COMMON SHARES PREFERRED SHARES --------- ------------- ---------------- Municipal Income Trust 28,684,985 330 California Municipal Trust 3,257,560 400 Investment Grade Municipal Trust 4,839,000 250 Select Sector Municipal Trust 4,682,127 1,360 Municipal Trust 36,365,392 12,000 California Quality Municipal Trust 9,682,997 3,000 New York Quality Municipal Trust 5,655,638 1,800 Pennsylvania Quality Municipal Trust 8,264,411 2,600 Florida Quality Municipal Trust 6,519,397 2,000 Ohio Quality Municipal Trust 4,322,302 1,400 Trust for Insured Municipals 9,773,153 3,600 Trust for Investment Grade Municipals 27,013,149 10,600 Trust for Investment Grade California Municipals 4,666,320 1,800 Trust for Investment Grade New York Municipals 6,203,651 2,400 Trust for Investment Grade Pennsylvania Municipals 7,432,384 2,800 Trust for Investment Grade Florida Municipals 5,562,560 2,240 Trust for Investment Grade New Jersey Municipals 6,103,771 2,600 Municipal Opportunity Trust 15,352,890 6,000 Advantage Municipal Income Trust 19,106,785 7,600 Advantage Pennsylvania Municipal Income Trust 4,368,552 1,600 Ohio Value Municipal Income Trust 1,683,940 600 Massachusetts Value Municipal Income Trust 2,672,508 1,000 Strategic Sector Municipal Trust 10,806,700 3,800 New York Value Municipal Income Trust 4,291,172 1,600 California Value Municipal Income Trust 6,029,844 2,400 Pennsylvania Value Municipal Income Trust 4,472,625 1,800 Value Municipal Income Trust 23,555,115 9,000 Municipal Opportunity Trust II 11,731,272 4,600 Advantage Municipal Income Trust II 8,168,211 3,200 High Income Trust 13,710,760 450 High Income Trust II 8,109,000 1,360 Bond Fund 11,362,465 N/A Income Trust 15,358,475 N/A
B-1 ANNEX C The table below sets forth the year in which each of the incumbent Trustees initially was elected or appointed to the Board of Trustees of each Fund.
ARCH DAMMEYER KERR MYERS POWERS SONNENSCHEIN WHALEN ---- -------- ---- ----- ------ ------------ ------ Municipal Income Trust (VMT).............................. 1988 1988 1992 1988 1999 1994 1988 California Municipal Trust (VKC).......................... 1988 1988 1992 1988 1999 1994 1988 High Income Trust (VIT)................................... 1988 1988 1992 1988 1999 1994 1988 Investment Grade Municipal Trust (VIG).................... 1989 1989 1992 1989 1999 1994 1989 High Income Trust II (VLT)................................ 1989 1989 1992 1989 1999 1994 1989 California Quality Municipal Trust (VQC).................. 1991 1991 1992 1991 1999 1994 1991 Florida Quality Municipal Trust (VFM)..................... 1991 1991 1992 1991 1999 1994 1991 Municipal Trust (VKQ)..................................... 1991 1991 1992 1991 1999 1994 1991 New York Quality Municipal Trust (VNM).................... 1991 1991 1992 1991 1999 1991 1991 Ohio Quality Municipal Trust (VOQ)........................ 1991 1991 1992 1991 1999 1994 1991 Pennsylvania Quality Municipal Trust (VPQ)................ 1991 1991 1992 1991 1999 1994 1991 Trust for Insured Municipals (VIM)........................ 1991 1991 1992 1991 1999 1994 1991 Trust for Investment Grade Municipals (VGM)............... 1991 1991 1992 1991 1999 1994 1991 Advantage Municipal Income Trust (VKA).................... 1992 1992 1992 1992 1999 1994 1992 Advantage Pennsylvania Municipal Income Trust (VAP)....... 1992 1992 1992 1992 1999 1994 1992 Municipal Opportunity Trust (VMO)......................... 1992 1992 1992 1992 1999 1994 1992 Strategic Sector Municipal Trust (VKS).................... 1992 1992 1992 1992 1999 1994 1992 Trust for Investment Grade California Municipals (VIC).... 1992 1992 1992 1992 1999 1994 1992 Trust for Investment Grade Florida Municipals (VTF)....... 1992 1992 1992 1992 1999 1994 1992 Trust for Investment Grade New Jersey Municipals (VTJ).... 1992 1992 1992 1992 1999 1994 1992 Trust for Investment Grade New York Municipals (VTN)...... 1992 1992 1992 1992 1999 1994 1992 Trust for Investment Grade Pennsylvania Municipals (VTP).................................................... 1992 1992 1992 1992 1999 1994 1992 Advantage Municipal Income Trust II (VKI)................. 1993 1993 1993 1993 1999 1994 1993 California Value Municipal Income Trust (VCV)............. 1993 1993 1993 1993 1999 1994 1993 Massachusetts Value Municipal Income Trust (VMV).......... 1993 1993 1993 1993 1999 1994 1993 Municipal Opportunity Trust II (VOT)...................... 1993 1993 1993 1993 1999 1994 1993
C-1
ANNEX C -- (CONTINUED)
ARCH DAMMEYER KERR MYERS POWERS SONNENSCHEIN WHALEN ---- -------- ---- ----- ------ ------------ ------ New York Value Municipal Income Trust (VNV)............... 1993 1993 1993 1993 1999 1994 1993 Ohio Value Municipal Income Trust (VOV)................... 1993 1993 1993 1993 1999 1994 1993 Pennsylvania Value Municipal Income Trust (VPV)........... 1993 1993 1993 1993 1999 1994 1993 Select Sector Municipal Trust (VKL)....................... 1993 1993 1993 1993 1999 1994 1993 Value Municipal Income Trust (VKV)........................ 1993 1993 1993 1993 1999 1994 1993 Bond Fund (VBF)........................................... 1997 1997 1997 1997 1999 1997 1997 Income Trust (VIN)........................................ 1997 1997 1997 1997 1999 1997 1997
C-2
ANNEX D 2002 AGGREGATE COMPENSATION BEFORE DEFERRAL FROM EACH FUND
NAME OF FUND FISCAL YEAR-END ARCH DAMMEYER KERR MYERS SONNENSCHEIN WHALEN ------------ --------------- ---- -------- ---- ----- ------------ ------ Bond Fund......................................... 6/30 $2,750 $2,750 $2,750 $2,750 $2,750 $2,750 California Municipal Trust........................ 6/30 1,607 1,607 1,607 1,607 1,607 1,607 Municipal Income Trust............................ 6/30 4,249 4,249 4,249 4,249 4,249 4,249 Advantage Municipal Income Trust.................. 10/31 4,777 4,777 4,777 4,777 4,777 4,777 Advantage Municipal Income Trust II............... 10/31 2,633 2,633 2,633 2,633 2,633 2,633 Advantage Pennsylvania Municipal Income Trust..... 10/31 2,045 2,045 2,045 2,045 2,045 2,045 California Quality Municipal Trust................ 10/31 2,927 2,927 2,927 2,927 2,927 2,927 California Value Municipal Income Trust........... 10/31 2,370 2,370 2,370 2,370 2,370 2,370 Florida Quality Municipal Trust................... 10/31 2,355 2,355 2,355 2,355 2,355 2,355 Investment Grade Municipal Trust.................. 10/31 1,757 1,757 1,757 1,757 1,757 1,757 Massachusetts Value Municipal Income Trust........ 10/31 1,717 1,717 1,717 1,717 1,717 1,717 Municipal Opportunity Trust....................... 10/31 4,127 4,127 4,127 4,127 4,127 4,127 Municipal Opportunity Trust II.................... 10/31 3,245 3,245 3,245 3,245 3,245 3,245 Municipal Trust................................... 10/31 7,346 7,346 7,346 7,346 7,346 7,346 New York Quality Municipal Trust.................. 10/31 2,237 2,237 2,237 2,237 2,237 2,237 New York Value Municipal Income Trust............. 10/31 2,004 2,004 2,004 2,004 2,004 2,004 Ohio Quality Municipal Trust...................... 10/31 1,991 1,991 1,991 1,991 1,991 1,991 Ohio Value Municipal Income Trust................. 10/31 1,529 1,529 1,529 1,529 1,529 1,529 Pennsylvania Quality Municipal Trust.............. 10/31 2,651 2,651 2,651 2,651 2,651 2,651 Pennsylvania Value Municipal Income Trust......... 10/31 2,059 2,059 2,059 2,059 2,059 2,059 Select Sector Municipal Trust..................... 10/31 1,935 1,935 1,935 1,935 1,935 1,935 Strategic Sector Municipal Trust.................. 10/31 3,005 3,005 3,005 3,005 3,005 3,005 Trust for Insured Municipals...................... 10/31 2,996 2,996 2,996 2,996 2,996 2,996 Trust for Investment Grade California Municipals....................................... 10/31 2,094 2,094 2,094 2,094 2,094 2,094 Trust for Investment Grade Florida Municipals..... 10/31 2,314 2,314 2,314 2,314 2,314 2,314 Trust for Investment Grade Municipals............. 10/31 6,308 6,308 6,308 6,308 6,308 6,308 Trust for Investment Grade New Jersey Municipals....................................... 10/31 2,454 2,454 2,454 2,454 2,454 2,454 Trust for Investment Grade New York Municipals.... 10/31 2,411 2,411 2,411 2,411 2,411 2,411 Trust for Investment Grade Pennsylvania Municipals....................................... 10/31 2,621 2,621 2,621 2,621 2,621 2,621 Value Municipal Income Trust...................... 10/31 5,341 5,341 5,341 5,341 5,341 5,341 High Income Trust................................. 12/31 1,888 1,888 1,888 1,888 1,888 1,888 High Income Trust II.............................. 12/31 1,726 1,726 1,726 1,726 1,726 1,726 Income Trust...................................... 12/31 1,942 1,942 1,942 1,942 1,942 1,942
D-1
ANNEX E 2002 AGGREGATE COMPENSATION DEFERRED FOR EACH FUND
NAME OF FUND FISCAL YEAR-END DAMMEYER SONNENSCHEIN WHALEN ------------ --------------- -------- ------------ ------ Bond Fund................................................... 6/30 $2,750 $2,750 $2,750 California Municipal Trust.................................. 6/30 1,607 1,607 1,607 Municipal Income Trust...................................... 6/30 4,249 4,249 4,249 Advantage Municipal Income Trust............................ 10/31 4,777 4,777 4,777 Advantage Municipal Income Trust II......................... 10/31 2,633 2,633 2,633 Advantage Pennsylvania Municipal Income Trust............... 10/31 2,045 2,045 2,045 California Quality Municipal Trust.......................... 10/31 2,927 2,927 2,927 California Value Municipal Income Trust..................... 10/31 2,370 2,370 2,370 Florida Quality Municipal Trust............................. 10/31 2,355 2,355 2,355 Investment Grade Municipal Trust............................ 10/31 1,757 1,757 1,757 Massachusetts Value Municipal Income Trust.................. 10/31 1,717 1,717 1,717 Municipal Opportunity Trust................................. 10/31 4,127 4,127 4,127 Municipal Opportunity Trust II.............................. 10/31 3,245 3,245 3,245 Municipal Trust............................................. 10/31 7,346 7,346 7,346 New York Quality Municipal Trust............................ 10/31 2,237 2,237 2,237 New York Value Municipal Income Trust....................... 10/31 2,004 2,004 2,004 Ohio Quality Municipal Trust................................ 10/31 1,991 1,991 1,991 Ohio Value Municipal Income Trust........................... 10/31 1,529 1,529 1,529 Pennsylvania Quality Municipal Trust........................ 10/31 2,651 2,651 2,651 Pennsylvania Value Municipal Income Trust................... 10/31 2,059 2,059 2,059 Select Sector Municipal Trust............................... 10/31 1,935 1,935 1,935 Strategic Sector Municipal Trust............................ 10/31 3,005 3,005 3,005 Trust for Insured Municipals................................ 10/31 2,996 2,996 2,996 Trust for Investment Grade California Municipals............ 10/31 2,094 2,094 2,094 Trust for Investment Grade Florida Municipals............... 10/31 2,314 2,314 2,314 Trust for Investment Grade Municipals....................... 10/31 6,308 6,308 6,308 Trust for Investment Grade New Jersey Municipals............ 10/31 2,454 2,454 2,454 Trust for Investment Grade New York Municipals.............. 10/31 2,411 2,411 2,411 Trust for Investment Grade Pennsylvania Municipals.......... 10/31 2,621 2,621 2,621 Value Municipal Income Trust................................ 10/31 5,341 5,341 5,341 High Income Trust........................................... 12/31 1,888 1,888 1,888 High Income Trust II........................................ 12/31 1,726 1,726 1,726 Income Trust................................................ 12/31 1,942 1,942 1,942
E-1
ANNEX F CUMULATIVE COMPENSATION DEFERRED (PLUS INTEREST) FROM EACH FUND
NAME OF FUND FISCAL YEAR-END DAMMEYER KERR SONNENSCHEIN WHALEN ------------ --------------- -------- ---- ------------ ------ Bond Fund................................................... 6/30 $11,872 $ 2,060 $12,274 $12,358 California Municipal Trust.................................. 6/30 23,534 20,896 24,501 20,764 Municipal Income Trust...................................... 6/30 33,442 22,297 34,552 30,896 Advantage Municipal Income Trust............................ 10/31 29,111 20,276 32,111 29,360 Advantage Municipal Income Trust II......................... 10/31 22,450 19,305 24,908 22,011 Advantage Pennsylvania Municipal Income Trust............... 10/31 20,673 19,046 22,985 20,049 California Quality Municipal Trust.......................... 10/31 23,414 19,451 25,949 23,074 California Value Municipal Income Trust..................... 10/31 21,634 19,182 24,024 21,108 Florida Quality Municipal Trust............................. 10/31 21,635 19,186 24,025 21,111 Investment Grade Municipal Trust............................ 10/31 19,783 18,923 22,023 19,068 Massachusetts Value Municipal Income Trust.................. 10/31 19,625 18,891 21,851 18,892 Municipal Opportunity Trust................................. 10/31 27,144 19,986 29,983 27,189 Municipal Opportunity Trust II.............................. 10/31 24,374 19,586 26,988 24,133 Municipal Trust............................................. 10/31 37,356 21,561 41,031 38,464 New York Quality Municipal Trust............................ 10/31 21,250 19,129 23,609 20,686 New York Value Municipal Income Trust....................... 10/31 20,519 19,022 22,819 19,879 Ohio Quality Municipal Trust................................ 10/31 20,511 19,024 22,809 19,870 Ohio Value Municipal Income Trust........................... 10/31 19,059 18,814 21,240 18,268 Pennsylvania Quality Municipal Trust........................ 10/31 22,594 19,327 25,062 22,170 Pennsylvania Value Municipal Income Trust................... 10/31 20,682 19,045 22,995 20,059 Select Sector Municipal Trust............................... 10/31 20,311 18,996 22,594 19,650 Strategic Sector Municipal Trust............................ 10/31 23,625 19,476 26,178 23,307 Trust for Insured Municipals................................ 10/31 23,481 19,485 26,040 23,167 Trust for Investment Grade California Municipals............ 10/31 20,817 19,074 23,142 20,210 Trust for Investment Grade Florida Municipals............... 10/31 39,089 37,852 43,453 37,538 Trust for Investment Grade Municipals....................... 10/31 33,131 20,989 36,543 33,886 Trust for Investment Grade New Jersey Municipals............ 10/31 38,771 37,914 43,185 37,271 Trust for Investment Grade New York Municipals.............. 10/31 21,863 19,212 24,267 21,356 Trust for Investment Grade Pennsylvania Municipals.......... 10/31 22,565 19,313 25,024 22,129 Value Municipal Income Trust................................ 10/31 30,846 20,524 33,987 31,275 High Income Trust........................................... 12/31 21,434 19,656 24,275 21,427 High Income Trust II........................................ 12/31 20,755 19,549 23,527 20,659 Income Trust................................................ 12/31 8,282 1,530 9,321 9,549
F-1
ANNEX G TRUSTEE OWNERSHIP OF COMMON SHARES OF THE FUNDS AS OF APRIL 25, 2003 The table below indicates the number of Common Shares of the respective Funds listed below owned by each Trustee listed below as of April 25, 2003, and the percentage of such Trustee's Common Shares to the total Common Shares outstanding for such Fund is shown in parenthesis when such ownership individually exceeds 1% of the total Common Shares outstanding.
ARCH DAMMEYER SONNENSCHEIN WHALEN ---- -------- MYERS ------------ ------ Advantage Municipal Income Trust................... 300 184,815 -- 300 778 Advantage Municipal Income Trust II(1)............. 500 171,730(2.10%) -- 350 500 High Income Trust(2)............................... 676 147,727(1.08%) -- -- 22,510 High Income Trust II............................... 550 -- 153 -- 499 Investment Grade Municipal Trust................... 524 20,470 -- -- 780 Municipal Income Trust............................. 577 23,117 100 -- 789 Municipal Opportunity Trust........................ 300 11,176 -- -- 809 Municipal Opportunity Trust II(3).................. -- 135,328(1.15%) -- 350 500 Municipal Trust.................................... 800 85,551 20,900 -- 799 Select Sector Municipal Trust...................... 508 30,306 -- 350 500 Strategic Sector Municipal Trust................... 500 105,674 -- -- -- Trust for Insured Municipal........................ 300 9,000 -- -- 830 Trust for Investment Grade Municipals.............. 300 68,304 -- -- 822 Value Municipal Income Trust....................... -- 83,105 -- -- --
--------------- (1) The Trustees as a group own 2.12% of the total Common Shares outstanding of Advantage Municipal Income Trust II (2) The Trustees as a group own 1.25% of the total Common Shares outstanding of High Income Trust (3) The Trustees as a group own 1.16% of the total Common Shares outstanding of Municipal Opportunity Trust II G-1 ANNEX H TRUSTEE BENEFICIAL OWNERSHIP OF SECURITIES The table below indicates the aggregate dollar range of equity securities of the respective Funds listed below owned by each Trustee listed below as of April 25, 2003.
INDEPENDENT TRUSTEES ------------------------------------------------------------------------------ ARCH DAMMEYER KERR MYERS SONNENSCHEIN ---- -------- ---- ----- ------------ Advantage Municipal Income Trust..... $1-$10,000 over $100,000 -- -- $1-$10,000 Advantage Municipal Income Trust II.................................. $1-$10,000 over $100,000 -- -- $1-$10,000 High Income Trust.................... $1-$10,000 over $100,000 -- -- -- High Income Trust II................. $1-$10,000 -- -- $1-$10,000 -- Investment Grade Municipal Trust..... $1-$10,000 over $100,000 -- -- -- Municipal Income Trust............... $1-$10,000 over $100,000 -- $1-$10,000 -- Municipal Opportunity Trust.......... $1-$10,000 over $100,000 -- -- -- Municipal Opportunity Trust II....... -- over $100,000 -- -- $1-$10,000 Municipal Trust...................... $10,001-$50,000 over $100,000 -- over $100,000 -- Select Sector Municipal Trust........ $1-$10,000 over $100,000 -- -- $1-$10,000 Strategic Sector Municipal Trust..... $1-$10,000 over $100,000 -- -- -- Trust for Insured Municipal.......... $1-$10,000 over $100,000 -- -- -- Trust for Investment Grade Municipals.......................... $1-$10,000 over $100,000 -- -- -- Value Municipal Income Trust......... -- over $100,000 -- -- -- Aggregate Dollar Range of Equity Securities in all Registered Investment Companies Overseen by Trustee in the Closed-End Fund Complex............................. $50,001-$100,000 over $100,000 $1-$10,000 over $100,000 over $100,000 INTERESTED TRUSTEES -------------------------------- POWERS WHALEN ------ ------ Advantage Municipal Income Trust..... -- $10,001-$50,000 Advantage Municipal Income Trust II.................................. -- $1-$10,000 High Income Trust.................... -- $50,001-$100,000 High Income Trust II................. -- $1-$10,000 Investment Grade Municipal Trust..... -- $1-$10,000 Municipal Income Trust............... -- $1-$10,000 Municipal Opportunity Trust.......... -- $10,001-$50,000 Municipal Opportunity Trust II....... -- $1-$10,000 Municipal Trust...................... -- $10,001-$50,000 Select Sector Municipal Trust........ -- $1-$10,000 Strategic Sector Municipal Trust..... -- -- Trust for Insured Municipal.......... -- $10,000-$50,000 Trust for Investment Grade Municipals.......................... -- $10,000-$50,000 Value Municipal Income Trust......... -- -- Aggregate Dollar Range of Equity Securities in all Registered Investment Companies Overseen by Trustee in the Closed-End Fund Complex............................. over $100,000 over $100,000
H-1 ANNEX I VAN KAMPEN CLOSED-END FUNDS The following list sets forth the amounts of audit fees and all other fees paid by each Fund during the Fund's last fiscal years to D&T.
ALL OTHER FUND NAME AUDIT FEES FEES* --------- ---------- --------- Van Kampen Advantage Municipal Income Trust $25,000 $4,300 Van Kampen Advantage Municipal Income Trust II 20,000 4,300 Van Kampen Advantage Pennsylvania Municipal Income Trust 20,000 4,300 Van Kampen Bond Fund 23,750 1,500 Van Kampen California Municipal Trust 19,200 4,300 Van Kampen California Quality Municipal Trust 25,000 4,300 Van Kampen California Value Municipal Income Trust 20,000 4,300 Van Kampen Florida Quality Municipal Trust 20,000 4,300 Van Kampen High Income Trust 35,000 4,300 Van Kampen High Income Trust II 35,000 4,300 Van Kampen Income Trust 20,500 1,500 Van Kampen Investment Grade Municipal Trust 20,000 4,300 Van Kampen Massachusetts Value Municipal Income Trust 20,000 4,300 Van Kampen Municipal Income Trust 25,000 4,300 Van Kampen Municipal Opportunity Trust 25,000 4,300 Van Kampen Municipal Opportunity Trust II 25,000 4,300 Van Kampen Municipal Trust 25,000 4,300 Van Kampen New York Quality Municipal Trust 20,000 4,300 Van Kampen New York Value Municipal Income Trust 20,000 4,300 Van Kampen Ohio Quality Municipal Trust 20,000 4,300 Van Kampen Ohio Value Municipal Income Trust 20,000 4,300 Van Kampen Pennsylvania Quality Municipal Trust 20,000 4,300 Van Kampen Pennsylvania Value Municipal Income Trust 20,000 4,300 Van Kampen Select Sector Municipal Trust 20,000 4,300 Van Kampen Strategic Sector Municipal Trust 23,600 4,300 Van Kampen Trust for Insured Municipals 25,000 4,300 Van Kampen Trust for Investment Grade California Municipals 20,000 4,300 Van Kampen Trust for Investment Grade Florida Municipals 20,000 4,300 Van Kampen Trust for Investment Grade Municipals 25,000 4,300 Van Kampen Trust for Investment Grade New Jersey Municipals 20,000 4,300 Van Kampen Trust for Investment Grade New York Municipals 20,000 4,300 Van Kampen Trust for Investment Grade Pennsylvania 20,000 4,300 Municipals Van Kampen Value Municipal Income Trust 25,000 4,300
* "All Other Fees" include tax review fees and agreed upon procedures quarterly for leveraged closed-end funds fees. I-1 [VAN KAMPEN INVESTMENTS LOGO] VKCL 03 [X] PLEASE MARK VOTES AS IN THIS EXAMPLE FORM OF PROXY VAN KAMPEN HIGH INCOME TRUST JOINT ANNUAL MEETING OF SHAREHOLDERS PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned holder of Common Shares of VAN KAMPEN HIGH INCOME TRUST, a Massachusetts business trust (the "Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and each of them or their respective designees, with full power of substitution and revocation, as proxies to represent the undersigned at the Joint Annual Meeting of Shareholders to be held at the offices of Van Kampen Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and all adjournments thereof (the "Meeting"), and thereat to vote all Common Shares which the undersigned would be entitled to vote, with all powers the undersigned would possess if personally present, in accordance with the following instructions. Account No. No. of Shares Class of Shares Proxy No. FOR ALL 1(b). Authority to vote for the election as Class I Trustees, the FOR WITHHOLD EXCEPT nominees named below: [ ] [ ] [ ] Jerry D. Choate and Suzanne H. Woolsey Authority to vote for the election as Class II Trustees, the nominees named below: Linda Hutton Heagy and Wayne W. Whalen Authority to vote for the election as a Class III Trustee, the nominee named below: R. Craig Kennedy TO WITHHOLD AUTHORITY FOR ANY INDIVIDUAL NOMINEE, CHECK "FOR ALL EXCEPT" AND WRITE THE NOMINEE'S NAME ON THE LINE BELOW. ------------------------------------------------------------ FOR AGAINST ABSTAIN 2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ] Trust. 3. To transact such other business as may properly come before the Meeting.
If more than one of the proxies, or their substitutes, are present at the Meeting or any adjournment thereof, they jointly (or, if only one is present and voting then that one) shall have authority and may exercise all powers granted hereby. This Proxy, when properly executed, will be voted in accordance with the instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING. THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE HELD ON JUNE 24, 2003. Date , 2003 ---------------------------- Shareholder signature ---------------------------- Co-owner signature (if applicable) Please sign this Proxy exactly as your name or names appear on the books of the Fund. When signing as attorney, trustee, executor, administrator, custodian, guardian or corporate officer, please give full title. If shares are held jointly, each holder must sign. [X] PLEASE MARK VOTES AS IN THIS EXAMPLE FORM OF PROXY VAN KAMPEN HIGH INCOME TRUST JOINT ANNUAL MEETING OF SHAREHOLDERS PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned holder of Preferred Shares of VAN KAMPEN HIGH INCOME TRUST, a Massachusetts business trust (the "Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and each of them or their respective designees, with full power of substitution and revocation, as proxies to represent the undersigned at the Joint Annual Meeting of Shareholders to be held at the offices of Van Kampen Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and all adjournments thereof (the "Meeting"), and thereat to vote all Preferred Shares which the undersigned would be entitled to vote, with all powers the undersigned would possess if personally present, in accordance with the following instructions. Account No. No. of Shares Class of Shares Proxy No. 1(b). Authority to vote for the election as a Class II Trustee, FOR WITHHOLD the nominee named below: [ ] [ ] Rod Dammeyer FOR AGAINST ABSTAIN 2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ] Trust. 3. To transact such other business as may properly come before the Meeting.
If more than one of the proxies, or their substitutes, are present at the Meeting or any adjournment thereof, they jointly (or, if only one is present and voting then that one) shall have authority and may exercise all powers granted hereby. This Proxy, when properly executed, will be voted in accordance with the instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING. THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE HELD ON JUNE 24, 2003. Date , 2003 ---------------------------- Shareholder signature ---------------------------- Co-owner signature (if applicable) Please sign this Proxy exactly as your name or names appear on the books of the Fund. When signing as attorney, trustee, executor, administrator, custodian, guardian or corporate officer, please give full title. If shares are held jointly, each holder must sign. [X] PLEASE MARK VOTES AS IN THIS EXAMPLE FORM OF PROXY VAN KAMPEN HIGH INCOME TRUST II JOINT ANNUAL MEETING OF SHAREHOLDERS PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned holder of Common Shares of VAN KAMPEN HIGH INCOME TRUST II, a Massachusetts business trust (the "Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and each of them or their respective designees, with full power of substitution and revocation, as proxies to represent the undersigned at the Joint Annual Meeting of Shareholders to be held at the offices of Van Kampen Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and all adjournments thereof (the "Meeting"), and thereat to vote all Common Shares which the undersigned would be entitled to vote, with all powers the undersigned would possess if personally present, in accordance with the following instructions. Account No. No. of Shares Class of Shares Proxy No. FOR ALL 1(b). Authority to vote for the election as Class I Trustees, the FOR WITHHOLD EXCEPT nominees named below: [ ] [ ] [ ] Jerry D. Choate and Suzanne H. Woolsey Authority to vote for the election as Class II Trustees, the nominees named below: Linda Hutton Heagy and Wayne W. Whalen Authority to vote for the election as a Class III Trustee, the nominee named below: R. Craig Kennedy TO WITHHOLD AUTHORITY FOR ANY INDIVIDUAL NOMINEE, CHECK "FOR ALL EXCEPT" AND WRITE THE NOMINEE'S NAME ON THE LINE BELOW. ------------------------------------------------------------ FOR AGAINST ABSTAIN 2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ] Trust. 3. To transact such other business as may properly come before the Meeting.
If more than one of the proxies, or their substitutes, are present at the Meeting or any adjournment thereof, they jointly (or, if only one is present and voting then that one) shall have authority and may exercise all powers granted hereby. This Proxy, when properly executed, will be voted in accordance with the instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING. THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE HELD ON JUNE 24, 2003. Date , 2003 ---------------------------- Shareholder signature ---------------------------- Co-owner signature (if applicable) Please sign this Proxy exactly as your name or names appear on the books of the Fund. When signing as attorney, trustee, executor, administrator, custodian, guardian or corporate officer, please give full title. If shares are held jointly, each holder must sign. [X] PLEASE MARK VOTES AS IN THIS EXAMPLE FORM OF PROXY VAN KAMPEN HIGH INCOME TRUST II JOINT ANNUAL MEETING OF SHAREHOLDERS PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned holder of Preferred Shares of VAN KAMPEN HIGH INCOME TRUST II, a Massachusetts business trust (the "Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and each of them or their respective designees, with full power of substitution and revocation, as proxies to represent the undersigned at the Joint Annual Meeting of Shareholders to be held at the offices of Van Kampen Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and all adjournments thereof (the "Meeting"), and thereat to vote all Preferred Shares which the undersigned would be entitled to vote, with all powers the undersigned would possess if personally present, in accordance with the following instructions. Account No. No. of Shares Class of Shares Proxy No. 1(b). Authority to vote for the election as a Class II Trustee, FOR WITHHOLD the nominee named below: [ ] [ ] Rod Dammeyer FOR AGAINST ABSTAIN 2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ] Trust. 3. To transact such other business as may properly come before the Meeting.
If more than one of the proxies, or their substitutes, are present at the Meeting or any adjournment thereof, they jointly (or, if only one is present and voting then that one) shall have authority and may exercise all powers granted hereby. This Proxy, when properly executed, will be voted in accordance with the instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING. THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE HELD ON JUNE 24, 2003. Date , 2003 ---------------------------- Shareholder signature ---------------------------- Co-owner signature (if applicable) Please sign this Proxy exactly as your name or names appear on the books of the Fund. When signing as attorney, trustee, executor, administrator, custodian, guardian or corporate officer, please give full title. If shares are held jointly, each holder must sign. [X] PLEASE MARK VOTES AS IN THIS EXAMPLE FORM OF PROXY VAN KAMPEN MUNICIPAL TRUST JOINT ANNUAL MEETING OF SHAREHOLDERS PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned holder of Common Shares of VAN KAMPEN MUNICIPAL TRUST, a Massachusetts business trust (the "Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and each of them or their respective designees, with full power of substitution and revocation, as proxies to represent the undersigned at the Joint Annual Meeting of Shareholders to be held at the offices of Van Kampen Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and all adjournments thereof (the "Meeting"), and thereat to vote all Common Shares which the undersigned would be entitled to vote, with all powers the undersigned would possess if personally present, in accordance with the following instructions. Account No. No. of Shares Class of Shares Proxy No. FOR ALL 1(b). Authority to vote for the election as Class I Trustees, the FOR WITHHOLD EXCEPT nominees named below: [ ] [ ] [ ] Jerry D. Choate and Suzanne H. Woolsey Authority to vote for the election as Class II Trustees, the nominees named below: Linda Hutton Heagy and Wayne W. Whalen Authority to vote for the election as a Class III Trustee, the nominee named below: R. Craig Kennedy TO WITHHOLD AUTHORITY FOR ANY INDIVIDUAL NOMINEE, CHECK "FOR ALL EXCEPT" AND WRITE THE NOMINEE'S NAME ON THE LINE BELOW. ------------------------------------------------------------ FOR AGAINST ABSTAIN 2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ] Trust. 3. To transact such other business as may properly come before the Meeting.
If more than one of the proxies, or their substitutes, are present at the Meeting or any adjournment thereof, they jointly (or, if only one is present and voting then that one) shall have authority and may exercise all powers granted hereby. This Proxy, when properly executed, will be voted in accordance with the instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING. THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE HELD ON JUNE 24, 2003. Date , 2003 ---------------------------- Shareholder signature ---------------------------- Co-owner signature (if applicable) Please sign this Proxy exactly as your name or names appear on the books of the Fund. When signing as attorney, trustee, executor, administrator, custodian, guardian or corporate officer, please give full title. If shares are held jointly, each holder must sign. [X] PLEASE MARK VOTES AS IN THIS EXAMPLE FORM OF PROXY VAN KAMPEN MUNICIPAL TRUST JOINT ANNUAL MEETING OF SHAREHOLDERS PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned holder of Preferred Shares of VAN KAMPEN MUNICIPAL TRUST, a Massachusetts business trust (the "Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and each of them or their respective designees, with full power of substitution and revocation, as proxies to represent the undersigned at the Joint Annual Meeting of Shareholders to be held at the offices of Van Kampen Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and all adjournments thereof (the "Meeting"), and thereat to vote all Preferred Shares which the undersigned would be entitled to vote, with all powers the undersigned would possess if personally present, in accordance with the following instructions. Account No. No. of Shares Class of Shares Proxy No. 1(b). Authority to vote for the election as a Class II Trustee, FOR WITHHOLD the nominee named below: [ ] [ ] Rod Dammeyer FOR AGAINST ABSTAIN 2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ] Trust. 3. To transact such other business as may properly come before the Meeting.
If more than one of the proxies, or their substitutes, are present at the Meeting or any adjournment thereof, they jointly (or, if only one is present and voting then that one) shall have authority and may exercise all powers granted hereby. This Proxy, when properly executed, will be voted in accordance with the instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING. THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE HELD ON JUNE 24, 2003. Date , 2003 ---------------------------- Shareholder signature ---------------------------- Co-owner signature (if applicable) Please sign this Proxy exactly as your name or names appear on the books of the Fund. When signing as attorney, trustee, executor, administrator, custodian, guardian or corporate officer, please give full title. If shares are held jointly, each holder must sign. [X] PLEASE MARK VOTES AS IN THIS EXAMPLE FORM OF PROXY VAN KAMPEN MUNICIPAL INCOME TRUST JOINT ANNUAL MEETING OF SHAREHOLDERS PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned holder of Common Shares of VAN KAMPEN MUNICIPAL INCOME TRUST, a Massachusetts business trust (the "Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and each of them or their respective designees, with full power of substitution and revocation, as proxies to represent the undersigned at the Joint Annual Meeting of Shareholders to be held at the offices of Van Kampen Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and all adjournments thereof (the "Meeting"), and thereat to vote all Common Shares which the undersigned would be entitled to vote, with all powers the undersigned would possess if personally present, in accordance with the following instructions. Account No. No. of Shares Class of Shares Proxy No. FOR ALL 1(b). Authority to vote for the election as Class I Trustees, the FOR WITHHOLD EXCEPT nominees named below: [ ] [ ] [ ] Jerry D. Choate and Suzanne H. Woolsey Authority to vote for the election as Class II Trustees, the nominees named below: Linda Hutton Heagy and Wayne W. Whalen Authority to vote for the election as a Class III Trustee, the nominee named below: R. Craig Kennedy TO WITHHOLD AUTHORITY FOR ANY INDIVIDUAL NOMINEE, CHECK "FOR ALL EXCEPT" AND WRITE THE NOMINEE'S NAME ON THE LINE BELOW. ------------------------------------------------------------ FOR AGAINST ABSTAIN 2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ] Trust. 3. To transact such other business as may properly come before the Meeting.
If more than one of the proxies, or their substitutes, are present at the Meeting or any adjournment thereof, they jointly (or, if only one is present and voting then that one) shall have authority and may exercise all powers granted hereby. This Proxy, when properly executed, will be voted in accordance with the instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING. THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE HELD ON JUNE 24, 2003. Date , 2003 ---------------------------- Shareholder signature ---------------------------- Co-owner signature (if applicable) Please sign this Proxy exactly as your name or names appear on the books of the Fund. When signing as attorney, trustee, executor, administrator, custodian, guardian or corporate officer, please give full title. If shares are held jointly, each holder must sign. [X] PLEASE MARK VOTES AS IN THIS EXAMPLE FORM OF PROXY VAN KAMPEN MUNICIPAL INCOME TRUST JOINT ANNUAL MEETING OF SHAREHOLDERS PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned holder of Preferred Shares of VAN KAMPEN MUNICIPAL INCOME TRUST, a Massachusetts business trust (the "Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and each of them or their respective designees, with full power of substitution and revocation, as proxies to represent the undersigned at the Joint Annual Meeting of Shareholders to be held at the offices of Van Kampen Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and all adjournments thereof (the "Meeting"), and thereat to vote all Preferred Shares which the undersigned would be entitled to vote, with all powers the undersigned would possess if personally present, in accordance with the following instructions. Account No. No. of Shares Class of Shares Proxy No. 1(b). Authority to vote for the election as a Class II Trustee, FOR WITHHOLD the nominee named below: [ ] [ ] Rod Dammeyer FOR AGAINST ABSTAIN 2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ] Trust. 3. To transact such other business as may properly come before the Meeting.
If more than one of the proxies, or their substitutes, are present at the Meeting or any adjournment thereof, they jointly (or, if only one is present and voting then that one) shall have authority and may exercise all powers granted hereby. This Proxy, when properly executed, will be voted in accordance with the instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING. THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE HELD ON JUNE 24, 2003. Date , 2003 ---------------------------- Shareholder signature ---------------------------- Co-owner signature (if applicable) Please sign this Proxy exactly as your name or names appear on the books of the Fund. When signing as attorney, trustee, executor, administrator, custodian, guardian or corporate officer, please give full title. If shares are held jointly, each holder must sign. [X] PLEASE MARK VOTES AS IN THIS EXAMPLE FORM OF PROXY VAN KAMPEN MUNICIPAL OPPORTUNITY TRUST JOINT ANNUAL MEETING OF SHAREHOLDERS PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned holder of Common Shares of VAN KAMPEN MUNICIPAL OPPORTUNITY TRUST, a Massachusetts business trust (the "Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and each of them or their respective designees, with full power of substitution and revocation, as proxies to represent the undersigned at the Joint Annual Meeting of Shareholders to be held at the offices of Van Kampen Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and all adjournments thereof (the "Meeting"), and thereat to vote all Common Shares which the undersigned would be entitled to vote, with all powers the undersigned would possess if personally present, in accordance with the following instructions. Account No. No. of Shares Class of Shares Proxy No. FOR ALL 1(b). Authority to vote for the election as Class I Trustees, the FOR WITHHOLD EXCEPT nominees named below: [ ] [ ] [ ] Jerry D. Choate and Suzanne H. Woolsey Authority to vote for the election as Class II Trustees, the nominees named below: Linda Hutton Heagy and Wayne W. Whalen Authority to vote for the election as a Class III Trustee, the nominee named below: R. Craig Kennedy TO WITHHOLD AUTHORITY FOR ANY INDIVIDUAL NOMINEE, CHECK "FOR ALL EXCEPT" AND WRITE THE NOMINEE'S NAME ON THE LINE BELOW. ------------------------------------------------------------ FOR AGAINST ABSTAIN 2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ] Trust. 3. To transact such other business as may properly come before the Meeting.
If more than one of the proxies, or their substitutes, are present at the Meeting or any adjournment thereof, they jointly (or, if only one is present and voting then that one) shall have authority and may exercise all powers granted hereby. This Proxy, when properly executed, will be voted in accordance with the instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING. THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE HELD ON JUNE 24, 2003. Date , 2003 ---------------------------- Shareholder signature ---------------------------- Co-owner signature (if applicable) Please sign this Proxy exactly as your name or names appear on the books of the Fund. When signing as attorney, trustee, executor, administrator, custodian, guardian or corporate officer, please give full title. If shares are held jointly, each holder must sign. [X] PLEASE MARK VOTES AS IN THIS EXAMPLE FORM OF PROXY VAN KAMPEN MUNICIPAL OPPORTUNITY TRUST JOINT ANNUAL MEETING OF SHAREHOLDERS PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned holder of Preferred Shares of VAN KAMPEN MUNICIPAL OPPORTUNITY TRUST, a Massachusetts business trust (the "Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and each of them or their respective designees, with full power of substitution and revocation, as proxies to represent the undersigned at the Joint Annual Meeting of Shareholders to be held at the offices of Van Kampen Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and all adjournments thereof (the "Meeting"), and thereat to vote all Preferred Shares which the undersigned would be entitled to vote, with all powers the undersigned would possess if personally present, in accordance with the following instructions. Account No. No. of Shares Class of Shares Proxy No. 1(b). Authority to vote for the election as a Class II Trustee, the nominee named below: FOR WITHHOLD [ ] [ ] Rod Dammeyer FOR AGAINST ABSTAIN 2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ] Trust. 3. To transact such other business as may properly come before the Meeting.
If more than one of the proxies, or their substitutes, are present at the Meeting or any adjournment thereof, they jointly (or, if only one is present and voting then that one) shall have authority and may exercise all powers granted hereby. This Proxy, when properly executed, will be voted in accordance with the instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING. THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE HELD ON JUNE 24, 2003. Date , 2003 ---------------------------- Shareholder signature ---------------------------- Co-owner signature (if applicable) Please sign this Proxy exactly as your name or names appear on the books of the Fund. When signing as attorney, trustee, executor, administrator, custodian, guardian or corporate officer, please give full title. If shares are held jointly, each holder must sign. [X] PLEASE MARK VOTES AS IN THIS EXAMPLE FORM OF PROXY VAN KAMPEN CALIFORNIA MUNICIPAL TRUST JOINT ANNUAL MEETING OF SHAREHOLDERS PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned holder of Common Shares of VAN KAMPEN CALIFORNIA MUNICIPAL TRUST, a Massachusetts business trust (the "Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and each of them or their respective designees, with full power of substitution and revocation, as proxies to represent the undersigned at the Joint Meeting of Shareholders to be held at the offices of Van Kampen Investments Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and all adjournments thereof (the "Meeting"), and thereat to vote all Common Shares which the undersigned would be entitled to vote, with all powers the undersigned would possess if personally present, in accordance with the following instructions. Account No. No. of Shares Proxy No. FOR ALL 1(b). Authority to vote for the election as Class I Trustees, the FOR WITHHOLD EXCEPT nominees named below: [ ] [ ] [ ] Jerry D. Choate and Suzanne H. Woolsey Authority to vote for the election as Class II Trustees, the nominees named below: Linda Hutton Heagy and Wayne W. Whalen Authority to vote for the election as a Class III Trustee, the nominee named below: R. Craig Kennedy TO WITHHOLD AUTHORITY FOR ANY INDIVIDUAL NOMINEE, CHECK "FOR ALL EXCEPT" AND WRITE THE NOMINEE'S NAME ON THE LINE BELOW. ------------------------------------------------------------ FOR AGAINST ABSTAIN 2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ] Trust. 3. To transact such other business as may properly come before the Meeting.
If more than one of the proxies, or their substitutes, are present at the Meeting or any adjournment thereof, they jointly (or, if only one is present and voting then that one) shall have authority and may exercise all powers granted hereby. This Proxy, when properly executed, will be voted in accordance with the instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING. THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE HELD ON JUNE 24, 2003. Date , 2003 ---------------------------- Shareholder signature ---------------------------- Co-owner signature (if applicable) Please sign this Proxy exactly as your name or names appear on the books of the Fund. When signing as attorney, trustee, executor, administrator, custodian, guardian or corporate officer, please give full title. If shares are held jointly, each holder must sign. [X] PLEASE MARK VOTES AS IN THIS EXAMPLE FORM OF PROXY VAN KAMPEN CALIFORNIA MUNICIPAL TRUST JOINT ANNUAL MEETING OF SHAREHOLDERS PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned holder of Preferred Shares of VAN KAMPEN CALIFORNIA MUNICIPAL TRUST, a Massachusetts business trust (the "Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and each of them or their respective designees, with full power of substitution and revocation, as proxies to represent the undersigned at the Joint Meeting of Shareholders to be held at the offices of Van Kampen Investments Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and all adjournments thereof (the "Meeting"), and thereat to vote all Preferred Shares which the undersigned would be entitled to vote, with all powers the undersigned would possess if personally present, in accordance with the following instructions. Account No. No. of Shares Proxy No. 1(b). Authority to vote for the election as a Class II Trustee, the nominee named below: FOR WITHHOLD [ ] [ ] Rod Dammeyer FOR AGAINST ABSTAIN 2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ] Trust. 3. To transact such other business as may properly come before the Meeting.
If more than one of the proxies, or their substitutes, are present at the Meeting or any adjournment thereof, they jointly (or, if only one is present and voting then that one) shall have authority and may exercise all powers granted hereby. This Proxy, when properly executed, will be voted in accordance with the instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING. THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE HELD ON JUNE 24, 2003. Date , 2003 ---------------------------- Shareholder signature ---------------------------- Co-owner signature (if applicable) Please sign this Proxy exactly as your name or names appear on the books of the Fund. When signing as attorney, trustee, executor, administrator, custodian, guardian or corporate officer, please give full title. If shares are held jointly, each holder must sign. [X] PLEASE MARK VOTES AS IN THIS EXAMPLE FORM OF PROXY VAN KAMPEN TRUST FOR INVESTMENT GRADE MUNICIPALS JOINT ANNUAL MEETING OF SHAREHOLDERS PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned holder of Common Shares of VAN KAMPEN TRUST FOR INVESTMENT GRADE MUNICIPALS, a Massachusetts business trust (the "Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and each of them or their respective designees, with full power of substitution and revocation, as proxies to represent the undersigned at the Joint Meeting of Shareholders to be held at the offices of Van Kampen Investments Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and all adjournments thereof (the "Meeting"), and thereat to vote all Common Shares which the undersigned would be entitled to vote, with all powers the undersigned would possess if personally present, in accordance with the following instructions. Account No. No. of Shares Proxy No. FOR ALL 1(b). Authority to vote for the election as Class I Trustees, the FOR WITHHOLD EXCEPT nominees named below: [ ] [ ] [ ] Jerry D. Choate and Suzanne H. Woolsey Authority to vote for the election as Class II Trustees, the nominees named below: Linda Hutton Heagy and Wayne W. Whalen Authority to vote for the election as a Class III Trustee, the nominee named below: R. Craig Kennedy TO WITHHOLD AUTHORITY FOR ANY INDIVIDUAL NOMINEE, CHECK "FOR ALL EXCEPT" AND WRITE THE NOMINEE'S NAME ON THE LINE BELOW. ------------------------------------------------------------ FOR AGAINST ABSTAIN 2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ] Trust. 3. To transact such other business as may properly come before the Meeting.
If more than one of the proxies, or their substitutes, are present at the Meeting or any adjournment thereof, they jointly (or, if only one is present and voting then that one) shall have authority and may exercise all powers granted hereby. This Proxy, when properly executed, will be voted in accordance with the instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING. THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE HELD ON JUNE 24, 2003. Date , 2003 ---------------------------- Shareholder signature ---------------------------- Co-owner signature (if applicable) Please sign this Proxy exactly as your name or names appear on the books of the Fund. When signing as attorney, trustee, executor, administrator, custodian, guardian or corporate officer, please give full title. If shares are held jointly, each holder must sign. [X] PLEASE MARK VOTES AS IN THIS EXAMPLE FORM OF PROXY VAN KAMPEN TRUST FOR INVESTMENT GRADE MUNICIPALS JOINT ANNUAL MEETING OF SHAREHOLDERS PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned holder of Preferred Shares of VAN KAMPEN TRUST FOR INVESTMENT GRADE MUNICIPALS, a Massachusetts business trust (the "Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and each of them or their respective designees, with full power of substitution and revocation, as proxies to represent the undersigned at the Joint Meeting of Shareholders to be held at the offices of Van Kampen Investments Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and all adjournments thereof (the "Meeting"), and thereat to vote all Preferred Shares which the undersigned would be entitled to vote, with all powers the undersigned would possess if personally present, in accordance with the following instructions. Account No. No. of Shares Proxy No. 1(b). Authority to vote for the election as a Class II Trustee, the nominee named below: FOR WITHHOLD [ ] [ ] Rod Dammeyer FOR AGAINST ABSTAIN 2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ] Trust. 3. To transact such other business as may properly come before the Meeting.
If more than one of the proxies, or their substitutes, are present at the Meeting or any adjournment thereof, they jointly (or, if only one is present and voting then that one) shall have authority and may exercise all powers granted hereby. This Proxy, when properly executed, will be voted in accordance with the instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING. THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE HELD ON JUNE 24, 2003. Date , 2003 ---------------------------- Shareholder signature ---------------------------- Co-owner signature (if applicable) Please sign this Proxy exactly as your name or names appear on the books of the Fund. When signing as attorney, trustee, executor, administrator, custodian, guardian or corporate officer, please give full title. If shares are held jointly, each holder must sign. [X] PLEASE MARK VOTES AS IN THIS EXAMPLE FORM OF PROXY VAN KAMPEN TRUST FOR INVESTMENT GRADE NEW JERSEY MUNICIPALS JOINT ANNUAL MEETING OF SHAREHOLDERS PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned holder of Common Shares of VAN KAMPEN TRUST FOR INVESTMENT GRADE NEW JERSEY MUNICIPALS, a Massachusetts business trust (the "Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and each of them or their respective designees, with full power of substitution and revocation, as proxies to represent the undersigned at the Joint Meeting of Shareholders to be held at the offices of Van Kampen Investments Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and all adjournments thereof (the "Meeting"), and thereat to vote all Common Shares which the undersigned would be entitled to vote, with all powers the undersigned would possess if personally present, in accordance with the following instructions. Account No. No. of Shares Proxy No. FOR ALL 1(b). Authority to vote for the election as Class I Trustees, the FOR WITHHOLD EXCEPT nominees named below: [ ] [ ] [ ] Jerry D. Choate and Suzanne H. Woolsey Authority to vote for the election as Class II Trustees, the nominees named below: Linda Hutton Heagy and Wayne W. Whalen Authority to vote for the election as a Class III Trustee, the nominee named below: R. Craig Kennedy TO WITHHOLD AUTHORITY FOR ANY INDIVIDUAL NOMINEE, CHECK "FOR ALL EXCEPT" AND WRITE THE NOMINEE'S NAME ON THE LINE BELOW. ------------------------------------------------------------ FOR AGAINST ABSTAIN 2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ] Trust. 3. To transact such other business as may properly come before the Meeting.
If more than one of the proxies, or their substitutes, are present at the Meeting or any adjournment thereof, they jointly (or, if only one is present and voting then that one) shall have authority and may exercise all powers granted hereby. This Proxy, when properly executed, will be voted in accordance with the instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING. THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE HELD ON JUNE 24, 2003. Date , 2003 ---------------------------- Shareholder signature ---------------------------- Co-owner signature (if applicable) Please sign this Proxy exactly as your name or names appear on the books of the Fund. When signing as attorney, trustee, executor, administrator, custodian, guardian or corporate officer, please give full title. If shares are held jointly, each holder must sign. [X] PLEASE MARK VOTES AS IN THIS EXAMPLE FORM OF PROXY VAN KAMPEN TRUST FOR INVESTMENT GRADE NEW JERSEY MUNICIPALS JOINT ANNUAL MEETING OF SHAREHOLDERS PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned holder of Preferred Shares of VAN KAMPEN TRUST FOR INVESTMENT GRADE NEW JERSEY MUNICIPALS, a Massachusetts business trust (the "Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and each of them or their respective designees, with full power of substitution and revocation, as proxies to represent the undersigned at the Joint Meeting of Shareholders to be held at the offices of Van Kampen Investments Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and all adjournments thereof (the "Meeting"), and thereat to vote all Preferred Shares which the undersigned would be entitled to vote, with all powers the undersigned would possess if personally present, in accordance with the following instructions. Account No. No. of Shares Proxy No. 1(b). Authority to vote for the election as a Class II Trustee, the nominee named below: FOR WITHHOLD [ ] [ ] Rod Dammeyer FOR AGAINST ABSTAIN 2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ] Trust. 3. To transact such other business as may properly come before the Meeting.
If more than one of the proxies, or their substitutes, are present at the Meeting or any adjournment thereof, they jointly (or, if only one is present and voting then that one) shall have authority and may exercise all powers granted hereby. This Proxy, when properly executed, will be voted in accordance with the instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING. THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE HELD ON JUNE 24, 2003. Date , 2003 ---------------------------- Shareholder signature ---------------------------- Co-owner signature (if applicable) Please sign this Proxy exactly as your name or names appear on the books of the Fund. When signing as attorney, trustee, executor, administrator, custodian, guardian or corporate officer, please give full title. If shares are held jointly, each holder must sign. [X] PLEASE MARK VOTES AS IN THIS EXAMPLE FORM OF PROXY VAN KAMPEN TRUST FOR INSURED MUNICIPALS JOINT ANNUAL MEETING OF SHAREHOLDERS PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned holder of Common Shares of VAN KAMPEN TRUST FOR INSURED MUNICIPALS, a Massachusetts business trust (the "Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and each of them or their respective designees, with full power of substitution and revocation, as proxies to represent the undersigned at the Joint Annual Meeting of Shareholders to be held at the offices of Van Kampen Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and all adjournments thereof (the "Meeting"), and thereat to vote all Common Shares which the undersigned would be entitled to vote, with all powers the undersigned would possess if personally present, in accordance with the following instructions. Account No. No. of Shares Class of Shares Proxy No. FOR ALL 1(b). Authority to vote for the election as Class I Trustees, the FOR WITHHOLD EXCEPT nominees named below: [ ] [ ] [ ] Jerry D. Choate and Suzanne H. Woolsey Authority to vote for the election as Class II Trustees, the nominee named below: Linda Hutton Heagy and Wayne W. Whalen Authority to vote for the election as a Class III Trustee, the nominee named below: R. Craig Kennedy TO WITHHOLD AUTHORITY FOR ANY INDIVIDUAL NOMINEE, CHECK "FOR ALL EXCEPT" AND WRITE THE NOMINEE'S NAME ON THE LINE BELOW. ------------------------------------------------------------ FOR AGAINST ABSTAIN 2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ] Trust. 3. To transact such other business as may properly come before the Meeting.
If more than one of the proxies, or their substitutes, are present at the Meeting or any adjournment thereof, they jointly (or, if only one is present and voting then that one) shall have authority and may exercise all powers granted hereby. This Proxy, when properly executed, will be voted in accordance with the instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING. THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE HELD ON JUNE 24, 2003. Date , 2003 ---------------------------- Shareholder signature ---------------------------- Co-owner signature (if applicable) Please sign this Proxy exactly as your name or names appear on the books of the Fund. When signing as attorney, trustee, executor, administrator, custodian, guardian or corporate officer, please give full title. If shares are held jointly, each holder must sign. [X] PLEASE MARK VOTES AS IN THIS EXAMPLE FORM OF PROXY VAN KAMPEN TRUST FOR INSURED MUNICIPALS JOINT ANNUAL MEETING OF SHAREHOLDERS PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned holder of Preferred Shares of VAN KAMPEN TRUST FOR INSURED MUNICIPALS, a Massachusetts business trust (the "Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and each of them or their respective designees, with full power of substitution and revocation, as proxies to represent the undersigned at the Joint Annual Meeting of Shareholders to be held at the offices of Van Kampen Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and all adjournments thereof (the "Meeting"), and thereat to vote all Preferred Shares which the undersigned would be entitled to vote, with all powers the undersigned would possess if personally present, in accordance with the following instructions. Account No. No. of Shares Class of Shares Proxy No. 1(b). Authority to vote for the election as a Class II Trustee, the nominee named below: FOR WITHHOLD [ ] [ ] Rod Dammeyer FOR AGAINST ABSTAIN 2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ] Trust. 3. To transact such other business as may properly come before the Meeting.
If more than one of the proxies, or their substitutes, are present at the Meeting or any adjournment thereof, they jointly (or, if only one is present and voting then that one) shall have authority and may exercise all powers granted hereby. This Proxy, when properly executed, will be voted in accordance with the instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING. THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE HELD ON JUNE 24, 2003. Date , 2003 ---------------------------- Shareholder signature ---------------------------- Co-owner signature (if applicable) Please sign this Proxy exactly as your name or names appear on the books of the Fund. When signing as attorney, trustee, executor, administrator, custodian, guardian or corporate officer, please give full title. If shares are held jointly, each holder must sign. [X] PLEASE MARK VOTES AS IN THIS EXAMPLE FORM OF PROXY VAN KAMPEN TRUST FOR INVESTMENT GRADE NEW YORK MUNICIPALS JOINT ANNUAL MEETING OF SHAREHOLDERS PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned holder of Common Shares of VAN KAMPEN TRUST FOR INVESTMENT GRADE NEW YORK MUNICIPALS, a Massachusetts business trust (the "Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and each of them or their respective designees, with full power of substitution and revocation, as proxies to represent the undersigned at the Joint Annual Meeting of Shareholders to be held at the offices of Van Kampen Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and all adjournments thereof (the "Meeting"), and thereat to vote all Common Shares which the undersigned would be entitled to vote, with all powers the undersigned would possess if personally present, in accordance with the following instructions. Account No. No. of Shares Class of Shares Proxy No. FOR ALL 1(b). Authority to vote for the election as Class I Trustees, the FOR WITHHOLD EXCEPT nominees named below: [ ] [ ] [ ] Jerry D. Choate and Suzanne H. Woolsey Authority to vote for the election as Class II Trustees, the nominees named below: Linda Hutton Heagy and Wayne W. Whalen Authority to vote for the election as a Class III Trustee, the nominee named below: R. Craig Kennedy TO WITHHOLD AUTHORITY FOR ANY INDIVIDUAL NOMINEE, CHECK "FOR ALL EXCEPT" AND WRITE THE NOMINEE'S NAME ON THE LINE BELOW. ------------------------------------------------------------ FOR AGAINST ABSTAIN 2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ] Trust. 3. To transact such other business as may properly come before the Meeting.
If more than one of the proxies, or their substitutes, are present at the Meeting or any adjournment thereof, they jointly (or, if only one is present and voting then that one) shall have authority and may exercise all powers granted hereby. This Proxy, when properly executed, will be voted in accordance with the instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING. THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE HELD ON JUNE 24, 2003. Date , 2003 ---------------------------- Shareholder signature ---------------------------- Co-owner signature (if applicable) Please sign this Proxy exactly as your name or names appear on the books of the Fund. When signing as attorney, trustee, executor, administrator, custodian, guardian or corporate officer, please give full title. If shares are held jointly, each holder must sign. [X] PLEASE MARK VOTES AS IN THIS EXAMPLE FORM OF PROXY VAN KAMPEN TRUST FOR INVESTMENT GRADE NEW YORK MUNICIPALS JOINT ANNUAL MEETING OF SHAREHOLDERS PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned holder of Preferred Shares of VAN KAMPEN TRUST FOR INVESTMENT GRADE NEW YORK MUNICIPALS, a Massachusetts business trust (the "Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and each of them or their respective designees, with full power of substitution and revocation, as proxies to represent the undersigned at the Joint Annual Meeting of Shareholders to be held at the offices of Van Kampen Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and all adjournments thereof (the "Meeting"), and thereat to vote all Preferred Shares which the undersigned would be entitled to vote, with all powers the undersigned would possess if personally present, in accordance with the following instructions. Account No. No. of Shares Class of Shares Proxy No. 1(b). Authority to vote for the election as a Class II Trustee, the nominee named below: FOR WITHHOLD [ ] [ ] Rod Dammeyer FOR AGAINST ABSTAIN 2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ] Trust. 3. To transact such other business as may properly come before the Meeting.
If more than one of the proxies, or their substitutes, are present at the Meeting or any adjournment thereof, they jointly (or, if only one is present and voting then that one) shall have authority and may exercise all powers granted hereby. This Proxy, when properly executed, will be voted in accordance with the instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING. THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE HELD ON JUNE 24, 2003. Date , 2003 ---------------------------- Shareholder signature ---------------------------- Co-owner signature (if applicable) Please sign this Proxy exactly as your name or names appear on the books of the Fund. When signing as attorney, trustee, executor, administrator, custodian, guardian or corporate officer, please give full title. If shares are held jointly, each holder must sign. [X] PLEASE MARK VOTES AS IN THIS EXAMPLE FORM OF PROXY VAN KAMPEN TRUST FOR INVESTMENT GRADE CALIFORNIA MUNICIPALS JOINT ANNUAL MEETING OF SHAREHOLDERS PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned holder of Common Shares of VAN KAMPEN TRUST FOR INVESTMENT GRADE CALIFORNIA MUNICIPALS, a Massachusetts business trust (the "Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and each of them or their respective designees, with full power of substitution and revocation, as proxies to represent the undersigned at the Joint Annual Meeting of Shareholders to be held at the offices of Van Kampen Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and all adjournments thereof (the "Meeting"), and thereat to vote all Common Shares which the undersigned would be entitled to vote, with all powers the undersigned would possess if personally present, in accordance with the following instructions. Account No. No. of Shares Class of Shares Proxy No. FOR ALL 1(b). Authority to vote for the election as Class I Trustees, the FOR WITHHOLD EXCEPT nominees named below: [ ] [ ] [ ] Jerry D. Choate and Suzanne H. Woolsey Authority to vote for the election as Class II Trustees, the nominees named below: Linda Hutton Heagy and Wayne W. Whalen Authority to vote for the election as a Class III Trustee, the nominee named below: R. Craig Kennedy TO WITHHOLD AUTHORITY FOR ANY INDIVIDUAL NOMINEE, CHECK "FOR ALL EXCEPT" AND WRITE THE NOMINEE'S NAME ON THE LINE BELOW. ------------------------------------------------------------ FOR AGAINST ABSTAIN 2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ] Trust. 3. To transact such other business as may properly come before the Meeting.
If more than one of the proxies, or their substitutes, are present at the Meeting or any adjournment thereof, they jointly (or, if only one is present and voting then that one) shall have authority and may exercise all powers granted hereby. This Proxy, when properly executed, will be voted in accordance with the instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING. THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE HELD ON JUNE 24, 2003. Date , 2003 ---------------------------- Shareholder signature ---------------------------- Co-owner signature (if applicable) Please sign this Proxy exactly as your name or names appear on the books of the Fund. When signing as attorney, trustee, executor, administrator, custodian, guardian or corporate officer, please give full title. If shares are held jointly, each holder must sign. [X] PLEASE MARK VOTES AS IN THIS EXAMPLE FORM OF PROXY VAN KAMPEN TRUST FOR INVESTMENT GRADE CALIFORNIA MUNICIPALS JOINT ANNUAL MEETING OF SHAREHOLDERS PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned holder of Preferred Shares of VAN KAMPEN TRUST FOR INVESTMENT GRADE CALIFORNIA MUNICIPALS, a Massachusetts business trust (the "Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and each of them or their respective designees, with full power of substitution and revocation, as proxies to represent the undersigned at the Joint Annual Meeting of Shareholders to be held at the offices of Van Kampen Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and all adjournments thereof (the "Meeting"), and thereat to vote all Preferred Shares which the undersigned would be entitled to vote, with all powers the undersigned would possess if personally present, in accordance with the following instructions. Account No. No. of Shares Class of Shares Proxy No. 1(b). Authority to vote for the election as a Class II Trustee, the nominee named below: FOR WITHHOLD [ ] [ ] Rod Dammeyer FOR AGAINST ABSTAIN 2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ] Trust. 3. To transact such other business as may properly come before the Meeting.
If more than one of the proxies, or their substitutes, are present at the Meeting or any adjournment thereof, they jointly (or, if only one is present and voting then that one) shall have authority and may exercise all powers granted hereby. This Proxy, when properly executed, will be voted in accordance with the instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING. THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE HELD ON JUNE 24, 2003. Date , 2003 ---------------------------- Shareholder signature ---------------------------- Co-owner signature (if applicable) Please sign this Proxy exactly as your name or names appear on the books of the Fund. When signing as attorney, trustee, executor, administrator, custodian, guardian or corporate officer, please give full title. If shares are held jointly, each holder must sign. [X] PLEASE MARK VOTES AS IN THIS EXAMPLE FORM OF PROXY VAN KAMPEN TRUST FOR INVESTMENT GRADE PENNSYLVANIA MUNICIPALS JOINT ANNUAL MEETING OF SHAREHOLDERS PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned holder of Common Shares of VAN KAMPEN TRUST FOR INVESTMENT GRADE PENNSYLVANIA MUNICIPALS, a Pennsylvania trust (the "Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and each of them or their respective designees, with full power of substitution and revocation, as proxies to represent the undersigned at the Joint Annual Meeting of Shareholders to be held at the offices of Van Kampen Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and all adjournments thereof (the "Meeting"), and thereat to vote all Common Shares which the undersigned would be entitled to vote, with all powers the undersigned would possess if personally present, in accordance with the following instructions. Account No. No. of Shares Class of Shares Proxy No. FOR ALL 1(b). Authority to vote for the election as Class I Trustees, the FOR WITHHOLD EXCEPT nominees named below: [ ] [ ] [ ] Jerry D. Choate and Suzanne H. Woolsey Authority to vote for the election as Class II Trustees, the nominees named below: Linda Hutton Heagy and Wayne W. Whalen Authority to vote for the election as a Class III Trustee, the nominee named below: R. Craig Kennedy TO WITHHOLD AUTHORITY FOR ANY INDIVIDUAL NOMINEE, CHECK "FOR ALL EXCEPT" AND WRITE THE NOMINEE'S NAME ON THE LINE BELOW. ------------------------------------------------------------ FOR AGAINST ABSTAIN 2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ] Trust. 3. To transact such other business as may properly come before the Meeting.
If more than one of the proxies, or their substitutes, are present at the Meeting or any adjournment thereof, they jointly (or, if only one is present and voting then that one) shall have authority and may exercise all powers granted hereby. This Proxy, when properly executed, will be voted in accordance with the instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING. THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE HELD ON JUNE 24, 2003. Date , 2003 ---------------------------- Shareholder signature ---------------------------- Co-owner signature (if applicable) Please sign this Proxy exactly as your name or names appear on the books of the Fund. When signing as attorney, trustee, executor, administrator, custodian, guardian or corporate officer, please give full title. If shares are held jointly, each holder must sign. [X] PLEASE MARK VOTES AS IN THIS EXAMPLE FORM OF PROXY VAN KAMPEN TRUST FOR INVESTMENT GRADE PENNSYLVANIA MUNICIPALS JOINT ANNUAL MEETING OF SHAREHOLDERS PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned holder of Preferred Shares of VAN KAMPEN TRUST FOR INVESTMENT GRADE PENNSYLVANIA MUNICIPALS, a Pennsylvania trust (the "Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and each of them or their respective designees, with full power of substitution and revocation, as proxies to represent the undersigned at the Joint Annual Meeting of Shareholders to be held at the offices of Van Kampen Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and all adjournments thereof (the "Meeting"), and thereat to vote all Preferred Shares which the undersigned would be entitled to vote, with all powers the undersigned would possess if personally present, in accordance with the following instructions. Account No. No. of Shares Class of Shares Proxy No. 1(b). Authority to vote for the election as a Class II Trustee, the nominee named below: FOR WITHHOLD [ ] [ ] Rod Dammeyer FOR AGAINST ABSTAIN 2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ] Trust. 3. To transact such other business as may properly come before the Meeting.
If more than one of the proxies, or their substitutes, are present at the Meeting or any adjournment thereof, they jointly (or, if only one is present and voting then that one) shall have authority and may exercise all powers granted hereby. This Proxy, when properly executed, will be voted in accordance with the instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING. THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE HELD ON JUNE 24, 2003. Date , 2003 ---------------------------- Shareholder signature ---------------------------- Co-owner signature (if applicable) Please sign this Proxy exactly as your name or names appear on the books of the Fund. When signing as attorney, trustee, executor, administrator, custodian, guardian or corporate officer, please give full title. If shares are held jointly, each holder must sign. [X] PLEASE MARK VOTES AS IN THIS EXAMPLE FORM OF PROXY VAN KAMPEN TRUST FOR INVESTMENT GRADE FLORIDA MUNICIPALS JOINT ANNUAL MEETING OF SHAREHOLDERS PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned holder of Common Shares of VAN KAMPEN TRUST FOR INVESTMENT GRADE FLORIDA MUNICIPALS, a Massachusetts business trust (the "Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and each of them or their respective designees, with full power of substitution and revocation, as proxies to represent the undersigned at the Joint Annual Meeting of Shareholders to be held at the offices of Van Kampen Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and all adjournments thereof (the "Meeting"), and thereat to vote all Common Shares which the undersigned would be entitled to vote, with all powers the undersigned would possess if personally present, in accordance with the following instructions. Account No. No. of Shares Class of Shares Proxy No. FOR ALL 1(b). Authority to vote for the election as Class I Trustees, the FOR WITHHOLD EXCEPT nominees named below: [ ] [ ] [ ] Jerry D. Choate and Suzanne H. Woolsey Authority to vote for the election as Class II Trustees, the nominees named below: Linda Hutton Heagy and Wayne W. Whalen Authority to vote for the election as a Class III Trustee, the nominee named below: R. Craig Kennedy TO WITHHOLD AUTHORITY FOR ANY INDIVIDUAL NOMINEE, CHECK "FOR ALL EXCEPT" AND WRITE THE NOMINEE'S NAME ON THE LINE BELOW. ------------------------------------------------------------ FOR AGAINST ABSTAIN 2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ] Trust. 3. To transact such other business as may properly come before the Meeting.
If more than one of the proxies, or their substitutes, are present at the Meeting or any adjournment thereof, they jointly (or, if only one is present and voting then that one) shall have authority and may exercise all powers granted hereby. This Proxy, when properly executed, will be voted in accordance with the instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING. THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE HELD ON JUNE 24, 2003. Date , 2003 ---------------------------- Shareholder signature ---------------------------- Co-owner signature (if applicable) Please sign this Proxy exactly as your name or names appear on the books of the Fund. When signing as attorney, trustee, executor, administrator, custodian, guardian or corporate officer, please give full title. If shares are held jointly, each holder must sign. [X] PLEASE MARK VOTES AS IN THIS EXAMPLE FORM OF PROXY VAN KAMPEN TRUST FOR INVESTMENT GRADE FLORIDA MUNICIPALS JOINT ANNUAL MEETING OF SHAREHOLDERS PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned holder of Preferred Shares of VAN KAMPEN TRUST FOR INVESTMENT GRADE FLORIDA MUNICIPALS, a Massachusetts business trust (the "Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and each of them or their respective designees, with full power of substitution and revocation, as proxies to represent the undersigned at the Joint Annual Meeting of Shareholders to be held at the offices of Van Kampen Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and all adjournments thereof (the "Meeting"), and thereat to vote all Preferred Shares which the undersigned would be entitled to vote, with all powers the undersigned would possess if personally present, in accordance with the following instructions. Account No. No. of Shares Class of Shares Proxy No. 1(b). Authority to vote for the election as a Class II Trustee, the nominee named below: FOR WITHHOLD [ ] [ ] Rod Dammeyer FOR AGAINST ABSTAIN 2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ] Trust. 3. To transact such other business as may properly come before the Meeting.
If more than one of the proxies, or their substitutes, are present at the Meeting or any adjournment thereof, they jointly (or, if only one is present and voting then that one) shall have authority and may exercise all powers granted hereby. This Proxy, when properly executed, will be voted in accordance with the instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING. THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE HELD ON JUNE 24, 2003. Date , 2003 ---------------------------- Shareholder signature ---------------------------- Co-owner signature (if applicable) Please sign this Proxy exactly as your name or names appear on the books of the Fund. When signing as attorney, trustee, executor, administrator, custodian, guardian or corporate officer, please give full title. If shares are held jointly, each holder must sign. [X] PLEASE MARK VOTES AS IN THIS EXAMPLE FORM OF PROXY VAN KAMPEN ADVANTAGE MUNICIPAL INCOME TRUST JOINT ANNUAL MEETING OF SHAREHOLDERS PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned holder of Common Shares of VAN KAMPEN ADVANTAGE MUNICIPAL INCOME TRUST, a Massachusetts business trust (the "Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and each of them or their respective designees, with full power of substitution and revocation, as proxies to represent the undersigned at the Joint Annual Meeting of Shareholders to be held at the offices of Van Kampen Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and all adjournments thereof (the "Meeting"), and thereat to vote all Common Shares which the undersigned would be entitled to vote, with all powers the undersigned would possess if personally present, in accordance with the following instructions. Account No. No. of Shares Class of Shares Proxy No. FOR ALL 1(b). Authority to vote for the election as Class I Trustees, the FOR WITHHOLD EXCEPT nominees named below: [ ] [ ] [ ] Jerry D. Choate and Suzanne H. Woolsey Authority to vote for the election as Class II Trustees, the nominees named below: Linda Hutton Heagy and Wayne W. Whalen Authority to vote for the election as a Class III Trustee, the nominee named below: R. Craig Kennedy TO WITHHOLD AUTHORITY FOR ANY INDIVIDUAL NOMINEE, CHECK "FOR ALL EXCEPT" AND WRITE THE NOMINEE'S NAME ON THE LINE BELOW. ------------------------------------------------------------ FOR AGAINST ABSTAIN 2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ] Trust. 3. To transact such other business as may properly come before the Meeting.
If more than one of the proxies, or their substitutes, are present at the Meeting or any adjournment thereof, they jointly (or, if only one is present and voting then that one) shall have authority and may exercise all powers granted hereby. This Proxy, when properly executed, will be voted in accordance with the instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING. THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE HELD ON JUNE 24, 2003. Date , 2003 ---------------------------- Shareholder signature ---------------------------- Co-owner signature (if applicable) Please sign this Proxy exactly as your name or names appear on the books of the Fund. When signing as attorney, trustee, executor, administrator, custodian, guardian or corporate officer, please give full title. If shares are held jointly, each holder must sign. [X] PLEASE MARK VOTES AS IN THIS EXAMPLE FORM OF PROXY VAN KAMPEN ADVANTAGE MUNICIPAL INCOME TRUST JOINT ANNUAL MEETING OF SHAREHOLDERS PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned holder of Preferred Shares of VAN KAMPEN ADVANTAGE MUNICIPAL INCOME TRUST, a Massachusetts business trust (the "Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and each of them or their respective designees, with full power of substitution and revocation, as proxies to represent the undersigned at the Joint Annual Meeting of Shareholders to be held at the offices of Van Kampen Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and all adjournments thereof (the "Meeting"), and thereat to vote all Preferred Shares which the undersigned would be entitled to vote, with all powers the undersigned would possess if personally present, in accordance with the following instructions. Account No. No. of Shares Class of Shares Proxy No. 1(b). Authority to vote for the election as a Class II Trustee, FOR WITHHOLD the nominee named below: [ ] [ ] Rod Dammeyer FOR AGAINST ABSTAIN 2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ] Trust. 3. To transact such other business as may properly come before the Meeting.
If more than one of the proxies, or their substitutes, are present at the Meeting or any adjournment thereof, they jointly (or, if only one is present and voting then that one) shall have authority and may exercise all powers granted hereby. This Proxy, when properly executed, will be voted in accordance with the instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING. THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE HELD ON JUNE 24, 2003. Date , 2003 ---------------------------- Shareholder signature ---------------------------- Co-owner signature (if applicable) Please sign this Proxy exactly as your name or names appear on the books of the Fund. When signing as attorney, trustee, executor, administrator, custodian, guardian or corporate officer, please give full title. If shares are held jointly, each holder must sign. [X] PLEASE MARK VOTES AS IN THIS EXAMPLE FORM OF PROXY VAN KAMPEN ADVANTAGE PENNSYLVANIA MUNICIPAL INCOME TRUST JOINT ANNUAL MEETING OF SHAREHOLDERS PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned holder of Common Shares of VAN KAMPEN ADVANTAGE PENNSYLVANIA MUNICIPAL INCOME TRUST, a Pennsylvania trust (the "Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and each of them or their respective designees, with full power of substitution and revocation, as proxies to represent the undersigned at the Joint Annual Meeting of Shareholders to be held at the offices of Van Kampen Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and all adjournments thereof (the "Meeting"), and thereat to vote all Common Shares which the undersigned would be entitled to vote, with all powers the undersigned would possess if personally present, in accordance with the following instructions. Account No. No. of Shares Class of Shares Proxy No. FOR ALL 1(b). Authority to vote for the election as Class I Trustees, the FOR WITHHOLD EXCEPT nominees named below: [ ] [ ] [ ] Jerry D. Choate and Suzanne H. Woolsey Authority to vote for the election as Class II Trustees, the nominees named below: Linda Hutton Heagy and Wayne W. Whalen Authority to vote for the election as a Class III Trustee, the nominee named below: R. Craig Kennedy TO WITHHOLD AUTHORITY FOR ANY INDIVIDUAL NOMINEE, CHECK "FOR ALL EXCEPT" AND WRITE THE NOMINEE'S NAME ON THE LINE BELOW. ------------------------------------------------------------ FOR AGAINST ABSTAIN 2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ] Trust. 3. To transact such other business as may properly come before the Meeting.
If more than one of the proxies, or their substitutes, are present at the Meeting or any adjournment thereof, they jointly (or, if only one is present and voting then that one) shall have authority and may exercise all powers granted hereby. This Proxy, when properly executed, will be voted in accordance with the instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING. THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE HELD ON JUNE 24, 2003. Date , 2003 ---------------------------- Shareholder signature ---------------------------- Co-owner signature (if applicable) Please sign this Proxy exactly as your name or names appear on the books of the Fund. When signing as attorney, trustee, executor, administrator, custodian, guardian or corporate officer, please give full title. If shares are held jointly, each holder must sign. [X] PLEASE MARK VOTES AS IN THIS EXAMPLE FORM OF PROXY VAN KAMPEN ADVANTAGE PENNSYLVANIA MUNICIPAL INCOME TRUST JOINT ANNUAL MEETING OF SHAREHOLDERS PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned holder of Preferred Shares of VAN KAMPEN ADVANTAGE PENNSYLVANIA MUNICIPAL INCOME TRUST, a Pennsylvania trust (the "Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and each of them or their respective designees, with full power of substitution and revocation, as proxies to represent the undersigned at the Joint Annual Meeting of Shareholders to be held at the offices of Van Kampen Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and all adjournments thereof (the "Meeting"), and thereat to vote all Preferred Shares which the undersigned would be entitled to vote, with all powers the undersigned would possess if personally present, in accordance with the following instructions. Account No. No. of Shares Class of Shares Proxy No. 1(b). Authority to vote for the election as a Class II Trustee, FOR WITHHOLD the nominee named below: [ ] [ ] Rod Dammeyer FOR AGAINST ABSTAIN 2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ] Trust. 3. To transact such other business as may properly come before the Meeting.
If more than one of the proxies, or their substitutes, are present at the Meeting or any adjournment thereof, they jointly (or, if only one is present and voting then that one) shall have authority and may exercise all powers granted hereby. This Proxy, when properly executed, will be voted in accordance with the instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING. THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE HELD ON JUNE 24, 2003. Date , 2003 ---------------------------- Shareholder signature ---------------------------- Co-owner signature (if applicable) Please sign this Proxy exactly as your name or names appear on the books of the Fund. When signing as attorney, trustee, executor, administrator, custodian, guardian or corporate officer, please give full title. If shares are held jointly, each holder must sign. [X] PLEASE MARK VOTES AS IN THIS EXAMPLE FORM OF PROXY VAN KAMPEN FLORIDA QUALITY MUNICIPAL TRUST JOINT ANNUAL MEETING OF SHAREHOLDERS PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned holder of Common Shares of VAN KAMPEN FLORIDA QUALITY MUNICIPAL TRUST, a Massachusetts business trust (the "Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and each of them or their respective designees, with full power of substitution and revocation, as proxies to represent the undersigned at the Joint Annual Meeting of Shareholders to be held at the offices of Van Kampen Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and all adjournments thereof (the "Meeting"), and thereat to vote all Common Shares which the undersigned would be entitled to vote, with all powers the undersigned would possess if personally present, in accordance with the following instructions. Account No. No. of Shares Class of Shares Proxy No. FOR ALL 1(b). Authority to vote for the election as Class I Trustees, the FOR WITHHOLD EXCEPT nominees named below: [ ] [ ] [ ] Jerry D. Choate and Suzanne H. Woolsey Authority to vote for the election as Class II Trustees, the nominees named below: Linda Hutton Heagy and Wayne W. Whalen Authority to vote for the election as a Class III Trustee, the nominee named below: R. Craig Kennedy TO WITHHOLD AUTHORITY FOR ANY INDIVIDUAL NOMINEE, CHECK "FOR ALL EXCEPT" AND WRITE THE NOMINEE'S NAME ON THE LINE BELOW. ------------------------------------------------------------ FOR AGAINST ABSTAIN 2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ] Trust. 3. To transact such other business as may properly come before the Meeting.
If more than one of the proxies, or their substitutes, are present at the Meeting or any adjournment thereof, they jointly (or, if only one is present and voting then that one) shall have authority and may exercise all powers granted hereby. This Proxy, when properly executed, will be voted in accordance with the instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING. THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE HELD ON JUNE 24, 2003. Date , 2003 ---------------------------- Shareholder signature ---------------------------- Co-owner signature (if applicable) Please sign this Proxy exactly as your name or names appear on the books of the Fund. When signing as attorney, trustee, executor, administrator, custodian, guardian or corporate officer, please give full title. If shares are held jointly, each holder must sign. [X] PLEASE MARK VOTES AS IN THIS EXAMPLE FORM OF PROXY VAN KAMPEN FLORIDA QUALITY MUNICIPAL TRUST JOINT ANNUAL MEETING OF SHAREHOLDERS PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned holder of Preferred Shares of VAN KAMPEN FLORIDA QUALITY MUNICIPAL TRUST, a Massachusetts business trust (the "Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and each of them or their respective designees, with full power of substitution and revocation, as proxies to represent the undersigned at the Joint Annual Meeting of Shareholders to be held at the offices of Van Kampen Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and all adjournments thereof (the "Meeting"), and thereat to vote all Preferred Shares which the undersigned would be entitled to vote, with all powers the undersigned would possess if personally present, in accordance with the following instructions. Account No. No. of Shares Class of Shares Proxy No. 1(b). Authority to vote for the election as a Class II Trustee, the nominee named below: FOR WITHHOLD [ ] [ ] Rod Dammeyer FOR AGAINST ABSTAIN 2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ] Trust. 3. To transact such other business as may properly come before the Meeting.
If more than one of the proxies, or their substitutes, are present at the Meeting or any adjournment thereof, they jointly (or, if only one is present and voting then that one) shall have authority and may exercise all powers granted hereby. This Proxy, when properly executed, will be voted in accordance with the instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING. THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE HELD ON JUNE 24, 2003. Date , 2003 ---------------------------- Shareholder signature ---------------------------- Co-owner signature (if applicable) Please sign this Proxy exactly as your name or names appear on the books of the Fund. When signing as attorney, trustee, executor, administrator, custodian, guardian or corporate officer, please give full title. If shares are held jointly, each holder must sign. [X] PLEASE MARK VOTES AS IN THIS EXAMPLE FORM OF PROXY VAN KAMPEN OHIO QUALITY MUNICIPAL TRUST JOINT ANNUAL MEETING OF SHAREHOLDERS PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned holder of Common Shares of VAN KAMPEN OHIO QUALITY MUNICIPAL TRUST, a Massachusetts business trust (the "Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and each of them or their respective designees, with full power of substitution and revocation, as proxies to represent the undersigned at the Joint Annual Meeting of Shareholders to be held at the offices of Van Kampen Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and all adjournments thereof (the "Meeting"), and thereat to vote all Common Shares which the undersigned would be entitled to vote, with all powers the undersigned would possess if personally present, in accordance with the following instructions. Account No. No. of Shares Class of Shares Proxy No. FOR ALL 1(b). Authority to vote for the election as Class I Trustees, the FOR WITHHOLD EXCEPT nominees named below: [ ] [ ] [ ] Jerry D. Choate and Suzanne H. Woolsey Authority to vote for the election as Class II Trustees, the nominees named below: Linda Hutton Heagy and Wayne W. Whalen Authority to vote for the election as a Class III Trustee, the nominee named below: R. Craig Kennedy TO WITHHOLD AUTHORITY FOR ANY INDIVIDUAL NOMINEE, CHECK "FOR ALL EXCEPT" AND WRITE THE NOMINEE'S NAME ON THE LINE BELOW. ------------------------------------------------------------ FOR AGAINST ABSTAIN 2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ] Trust. 3. To transact such other business as may properly come before the Meeting.
If more than one of the proxies, or their substitutes, are present at the Meeting or any adjournment thereof, they jointly (or, if only one is present and voting then that one) shall have authority and may exercise all powers granted hereby. This Proxy, when properly executed, will be voted in accordance with the instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING. THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE HELD ON JUNE 24, 2003. Date , 2003 ---------------------------- Shareholder signature ---------------------------- Co-owner signature (if applicable) Please sign this Proxy exactly as your name or names appear on the books of the Fund. When signing as attorney, trustee, executor, administrator, custodian, guardian or corporate officer, please give full title. If shares are held jointly, each holder must sign. [X] PLEASE MARK VOTES AS IN THIS EXAMPLE FORM OF PROXY VAN KAMPEN OHIO QUALITY MUNICIPAL TRUST JOINT ANNUAL OF SHAREHOLDERS PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned holder of Preferred Shares of VAN KAMPEN OHIO QUALITY MUNICIPAL TRUST, a Massachusetts business trust (the "Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and each of them or their respective designees, with full power of substitution and revocation, as proxies to represent the undersigned at the Joint Annual Meeting of Shareholders to be held at the offices of Van Kampen Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and all adjournments thereof (the "Meeting"), and thereat to vote all Preferred Shares which the undersigned would be entitled to vote, with all powers the undersigned would possess if personally present, in accordance with the following instructions. Account No. No. of Shares Class of Shares Proxy No. 1(b). Authority to vote for the election as a Class II Trustee, the nominee named below: FOR WITHHOLD [ ] [ ] Rod Dammeyer FOR AGAINST ABSTAIN 2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ] Trust. 3. To transact such other business as may properly come before the Meeting.
If more than one of the proxies, or their substitutes, are present at the Meeting or any adjournment thereof, they jointly (or, if only one is present and voting then that one) shall have authority and may exercise all powers granted hereby. This Proxy, when properly executed, will be voted in accordance with the instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING. THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE HELD ON JUNE 24, 2003. Date , 2003 ---------------------------- Shareholder signature ---------------------------- Co-owner signature (if applicable) Please sign this Proxy exactly as your name or names appear on the books of the Fund. When signing as attorney, trustee, executor, administrator, custodian, guardian or corporate officer, please give full title. If shares are held jointly, each holder must sign. [X] PLEASE MARK VOTES AS IN THIS EXAMPLE FORM OF PROXY VAN KAMPEN NEW YORK QUALITY MUNICIPAL TRUST JOINT ANNUAL MEETING OF SHAREHOLDERS PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned holder of Common Shares of VAN KAMPEN NEW YORK QUALITY MUNICIPAL TRUST, a Massachusetts business trust (the "Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and each of them or their respective designees, with full power of substitution and revocation, as proxies to represent the undersigned at the Joint Annual Meeting of Shareholders to be held at the offices of Van Kampen Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and all adjournments thereof (the "Meeting"), and thereat to vote all Common Shares which the undersigned would be entitled to vote, with all powers the undersigned would possess if personally present, in accordance with the following instructions. Account No. No. of Shares Class of Shares Proxy No. FOR ALL 1(b). Authority to vote for the election as Class I Trustees, the FOR WITHHOLD EXCEPT nominees named below: [ ] [ ] [ ] Jerry D. Choate and Suzanne H. Woolsey Authority to vote for the election as Class II Trustees, the nominees named below: Linda Hutton Heagy and Wayne W. Whalen Authority to vote for the election as a Class III Trustee, the nominee named below: R. Craig Kennedy TO WITHHOLD AUTHORITY FOR ANY INDIVIDUAL NOMINEE, CHECK "FOR ALL EXCEPT" AND WRITE THE NOMINEE'S NAME ON THE LINE BELOW. ------------------------------------------------------------ FOR AGAINST ABSTAIN 2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ] Trust. 3. To transact such other business as may properly come before the Meeting.
If more than one of the proxies, or their substitutes, are present at the Meeting or any adjournment thereof, they jointly (or, if only one is present and voting then that one) shall have authority and may exercise all powers granted hereby. This Proxy, when properly executed, will be voted in accordance with the instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING. THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE HELD ON JUNE 24, 2003. Date , 2003 ---------------------------- Shareholder signature ---------------------------- Co-owner signature (if applicable) Please sign this Proxy exactly as your name or names appear on the books of the Fund. When signing as attorney, trustee, executor, administrator, custodian, guardian or corporate officer, please give full title. If shares are held jointly, each holder must sign. [X] PLEASE MARK VOTES AS IN THIS EXAMPLE FORM OF PROXY VAN KAMPEN NEW YORK QUALITY MUNICIPAL TRUST JOINT ANNUAL MEETING OF SHAREHOLDERS PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned holder of Preferred Shares of VAN KAMPEN NEW YORK QUALITY MUNICIPAL TRUST, a Massachusetts business trust (the "Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and each of them or their respective designees, with full power of substitution and revocation, as proxies to represent the undersigned at the Joint Annual Meeting of Shareholders to be held at the offices of Van Kampen Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and all adjournments thereof (the "Meeting"), and thereat to vote all Preferred Shares which the undersigned would be entitled to vote, with all powers the undersigned would possess if personally present, in accordance with the following instructions. Account No. No. of Shares Class of Shares Proxy No. 1(b). Authority to vote for the election as a Class II Trustee, the nominee named below: FOR WITHHOLD [ ] [ ] Rod Dammeyer FOR AGAINST ABSTAIN 2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ] Trust. 3. To transact such other business as may properly come before the Meeting.
If more than one of the proxies, or their substitutes, are present at the Meeting or any adjournment thereof, they jointly (or, if only one is present and voting then that one) shall have authority and may exercise all powers granted hereby. This Proxy, when properly executed, will be voted in accordance with the instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING. THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE HELD ON JUNE 24, 2003. Date , 2003 ---------------------------- Shareholder signature ---------------------------- Co-owner signature (if applicable) Please sign this Proxy exactly as your name or names appear on the books of the Fund. When signing as attorney, trustee, executor, administrator, custodian, guardian or corporate officer, please give full title. If shares are held jointly, each holder must sign. [X] PLEASE MARK VOTES AS IN THIS EXAMPLE FORM OF PROXY VAN KAMPEN CALIFORNIA QUALITY MUNICIPAL TRUST JOINT ANNUAL MEETING OF SHAREHOLDERS PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned holder of Common Shares of VAN KAMPEN CALIFORNIA QUALITY MUNICIPAL TRUST, a Massachusetts business trust (the "Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and each of them or their respective designees, with full power of substitution and revocation, as proxies to represent the undersigned at the Joint Annual Meeting of Shareholders to be held at the offices of Van Kampen Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and all adjournments thereof (the "Meeting"), and thereat to vote all Common Shares which the undersigned would be entitled to vote, with all powers the undersigned would possess if personally present, in accordance with the following instructions. Account No. No. of Shares Class of Shares Proxy No. FOR ALL 1(b). Authority to vote for the election as Class I Trustees, the FOR WITHHOLD EXCEPT nominees named below: [ ] [ ] [ ] Jerry D. Choate and Suzanne H. Woolsey Authority to vote for the election as Class II Trustees, the nominees named below: Linda Hutton Heagy and Wayne W. Whalen Authority to vote for the election as a Class III Trustee, the nominee named below: R. Craig Kennedy TO WITHHOLD AUTHORITY FOR ANY INDIVIDUAL NOMINEE, CHECK "FOR ALL EXCEPT" AND WRITE THE NOMINEE'S NAME ON THE LINE BELOW. ------------------------------------------------------------ FOR AGAINST ABSTAIN 2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ] Trust. 3. To transact such other business as may properly come before the Meeting.
If more than one of the proxies, or their substitutes, are present at the Meeting or any adjournment thereof, they jointly (or, if only one is present and voting then that one) shall have authority and may exercise all powers granted hereby. This Proxy, when properly executed, will be voted in accordance with the instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING. THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE HELD ON JUNE 24, 2003. Date , 2003 ---------------------------- Shareholder signature ---------------------------- Co-owner signature (if applicable) Please sign this Proxy exactly as your name or names appear on the books of the Fund. When signing as attorney, trustee, executor, administrator, custodian, guardian or corporate officer, please give full title. If shares are held jointly, each holder must sign. [X] PLEASE MARK VOTES AS IN THIS EXAMPLE FORM OF PROXY VAN KAMPEN CALIFORNIA QUALITY MUNICIPAL TRUST JOINT ANNUAL MEETING OF SHAREHOLDERS PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned holder of Preferred Shares of VAN KAMPEN CALIFORNIA QUALITY MUNICIPAL TRUST, a Massachusetts business trust (the "Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and each of them or their respective designees, with full power of substitution and revocation, as proxies to represent the undersigned at the Joint Annual Meeting of Shareholders to be held at the offices of Van Kampen Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and all adjournments thereof (the "Meeting"), and thereat to vote all Preferred Shares which the undersigned would be entitled to vote, with all powers the undersigned would possess if personally present, in accordance with the following instructions. Account No. No. of Shares Class of Shares Proxy No. 1(b). Authority to vote for the election as a Class II Trustee, the nominee named below: FOR WITHHOLD [ ] [ ] Rod Dammeyer FOR AGAINST ABSTAIN 2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ] Trust. 3. To transact such other business as may properly come before the Meeting.
If more than one of the proxies, or their substitutes, are present at the Meeting or any adjournment thereof, they jointly (or, if only one is present and voting then that one) shall have authority and may exercise all powers granted hereby. This Proxy, when properly executed, will be voted in accordance with the instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING. THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE HELD ON JUNE 24, 2003. Date , 2003 ---------------------------- Shareholder signature ---------------------------- Co-owner signature (if applicable) Please sign this Proxy exactly as your name or names appear on the books of the Fund. When signing as attorney, trustee, executor, administrator, custodian, guardian or corporate officer, please give full title. If shares are held jointly, each holder must sign. [X] PLEASE MARK VOTES AS IN THIS EXAMPLE FORM OF PROXY VAN KAMPEN PENNSYLVANIA QUALITY MUNICIPAL TRUST JOINT ANNUAL MEETING OF SHAREHOLDERS PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned holder of Common Shares of VAN KAMPEN PENNSYLVANIA QUALITY MUNICIPAL TRUST, a Pennsylvania trust (the "Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and each of them or their respective designees, with full power of substitution and revocation, as proxies to represent the undersigned at the Joint Annual Meeting of Shareholders to be held at the offices of Van Kampen Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and all adjournments thereof (the "Meeting"), and thereat to vote all Common Shares which the undersigned would be entitled to vote, with all powers the undersigned would possess if personally present, in accordance with the following instructions. Account No. No. of Shares Class of Shares Proxy No. FOR ALL 1(b). Authority to vote for the election as Class I Trustees, the FOR WITHHOLD EXCEPT nominees named below: [ ] [ ] [ ] Jerry D. Choate and Suzanne H. Woolsey Authority to vote for the election as Class II Trustees, the nominees named below: Linda Hutton Heagy and Wayne W. Whalen Authority to vote for the election as a Class III Trustee, the nominee named below: R. Craig Kennedy TO WITHHOLD AUTHORITY FOR ANY INDIVIDUAL NOMINEE, CHECK "FOR ALL EXCEPT" AND WRITE THE NOMINEE'S NAME ON THE LINE BELOW. ------------------------------------------------------------ FOR AGAINST ABSTAIN 2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ] Trust. 3. To transact such other business as may properly come before the Meeting.
If more than one of the proxies, or their substitutes, are present at the Meeting or any adjournment thereof, they jointly (or, if only one is present and voting then that one) shall have authority and may exercise all powers granted hereby. This Proxy, when properly executed, will be voted in accordance with the instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING. THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE HELD ON JUNE 24, 2003. Date , 2003 ---------------------------- Shareholder signature ---------------------------- Co-owner signature (if applicable) Please sign this Proxy exactly as your name or names appear on the books of the Fund. When signing as attorney, trustee, executor, administrator, custodian, guardian or corporate officer, please give full title. If shares are held jointly, each holder must sign. [X] PLEASE MARK VOTES AS IN THIS EXAMPLE FORM OF PROXY VAN KAMPEN PENNSYLVANIA QUALITY MUNICIPAL TRUST JOINT ANNUAL MEETING OF SHAREHOLDERS PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned holder of Preferred Shares of VAN KAMPEN PENNSYLVANIA QUALITY MUNICIPAL TRUST, a Pennsylvania trust (the "Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and each of them or their respective designees, with full power of substitution and revocation, as proxies to represent the undersigned at the Joint Annual Meeting of Shareholders to be held at the offices of Van Kampen Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and all adjournments thereof (the "Meeting"), and thereat to vote all Preferred Shares which the undersigned would be entitled to vote, with all powers the undersigned would possess if personally present, in accordance with the following instructions. Account No. No. of Shares Class of Shares Proxy No. 1(b). Authority to vote for the election as a Class II Trustee, the nominee named below: FOR WITHHOLD [ ] [ ] Rod Dammeyer FOR AGAINST ABSTAIN 2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ] Trust. 3. To transact such other business as may properly come before the Meeting.
If more than one of the proxies, or their substitutes, are present at the Meeting or any adjournment thereof, they jointly (or, if only one is present and voting then that one) shall have authority and may exercise all powers granted hereby. This Proxy, when properly executed, will be voted in accordance with the instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING. THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE HELD ON JUNE 24, 2003. Date , 2003 ---------------------------- Shareholder signature ---------------------------- Co-owner signature (if applicable) Please sign this Proxy exactly as your name or names appear on the books of the Fund. When signing as attorney, trustee, executor, administrator, custodian, guardian or corporate officer, please give full title. If shares are held jointly, each holder must sign. [X] PLEASE MARK VOTES AS IN THIS EXAMPLE FORM OF PROXY VAN KAMPEN SELECT SECTOR MUNICIPAL TRUST JOINT ANNUAL MEETING OF SHAREHOLDERS PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned holder of Common Shares of VAN KAMPEN SELECT SECTOR MUNICIPAL TRUST, a Massachusetts business trust (the "Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and each of them or their respective designees, with full power of substitution and revocation, as proxies to represent the undersigned at the Joint Annual Meeting of Shareholders to be held at the offices of Van Kampen Investments Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and all adjournments thereof (the "Meeting"), and thereat to vote all Common Shares which the undersigned would be entitled to vote, with all powers the undersigned would possess if personally present, in accordance with the following instructions. Account No. No. of Shares Proxy No. FOR ALL 1(d). Authority to vote for the election as Class I Trustees, the FOR WITHHOLD EXCEPT nominees named below: [ ] [ ] [ ] Jerry D. Choate and Suzanne H. Woolsey Authority to vote for the election as a Class II Trustee, the nominee named below: Linda Hutton Heagy Authority to vote for the election as Class III Trustees, the nominees named below: R. Craig Kennedy, Richard F. Powers, III and Hugo F. Sonnenschein TO WITHHOLD AUTHORITY FOR ANY INDIVIDUAL NOMINEE, CHECK "FOR ALL EXCEPT" AND WRITE THE NOMINEE'S NAME ON THE LINE BELOW. ------------------------------------------------------------ FOR AGAINST ABSTAIN 2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ] Trust. 3. To transact such other business as may properly come before the Meeting.
If more than one of the proxies, or their substitutes, are present at the Meeting or any adjournment thereof, they jointly (or, if only one is present and voting then that one) shall have authority and may exercise all powers granted hereby. This Proxy, when properly executed, will be voted in accordance with the instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING. THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE HELD ON JUNE 24, 2003. Date ---------------- , 2003 ---------------------------- Shareholder signature ---------------------------- Co-owner signature (if applicable) Please sign this Proxy exactly as your name or names appear on the books of the Fund. When signing as attorney, trustee, executor, administrator, custodian, guardian or corporate officer, please give full title. If shares are held jointly, each holder must sign. [X] PLEASE MARK VOTES AS IN THIS EXAMPLE FORM OF PROXY VAN KAMPEN SELECT SECTOR MUNICIPAL TRUST JOINT ANNUAL MEETING OF SHAREHOLDERS PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned holder of Preferred Shares of VAN KAMPEN SELECT SECTOR MUNICIPAL TRUST, a Massachusetts business trust (the "Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and each of them or their respective designees, with full power of substitution and revocation, as proxies to represent the undersigned at the Joint Annual Meeting of Shareholders to be held at the offices of Van Kampen Investments Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and all adjournments thereof (the "Meeting"), and thereat to vote all Preferred Shares which the undersigned would be entitled to vote, with all powers the undersigned would possess if personally present, in accordance with the following instructions. Account No. No. of Shares Proxy No. 1(d). Authority to vote for the election as a Class III Trustee, the nominee named below: FOR WITHHOLD [ ] [ ] Theodore A. Myers FOR AGAINST ABSTAIN 2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ] Trust. 3. To transact such other business as may properly come before the Meeting.
If more than one of the proxies, or their substitutes, are present at the Meeting or any adjournment thereof, they jointly (or, if only one is present and voting then that one) shall have authority and may exercise all powers granted hereby. This Proxy, when properly executed, will be voted in accordance with the instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING. THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE HELD ON JUNE 24, 2003. Date , 2003 ---------------------------- Shareholder signature ---------------------------- Co-owner signature (if applicable) Please sign this Proxy exactly as your name or names appear on the books of the Fund. When signing as attorney, trustee, executor, administrator, custodian, guardian or corporate officer, please give full title. If shares are held jointly, each holder must sign. [X] PLEASE MARK VOTES AS IN THIS EXAMPLE FORM OF PROXY VAN KAMPEN MUNICIPAL OPPORTUNITY TRUST II JOINT ANNUAL MEETING OF SHAREHOLDERS PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned holder of Common Shares of VAN KAMPEN MUNICIPAL OPPORTUNITY TRUST II, a Massachusetts business trust (the "Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and each of them or their respective designees, with full power of substitution and revocation, as proxies to represent the undersigned at the Joint Annual Meeting of Shareholders to be held at the offices of Van Kampen Investments, Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and all adjournments thereof (the "Meeting"), and thereat to vote all Common Shares which the undersigned would be entitled to vote, with all powers the undersigned would possess if personally present, in accordance with the following instructions. Account No. No. of Shares Proxy No. FOR ALL 1(a). Authority to vote for the election as Class I Trustees, the FOR WITHHOLD EXCEPT nominees named below: [ ] [ ] [ ] David C. Arch, Jerry D. Choate, Howard J Kerr and Suzanne H. Woolsey Authority to vote for the election as a Class II Trustee, the nominee named below: Linda Hutton Heagy Authority to vote for the election as a Class III Trustee, the nominee named below: R. Craig Kennedy TO WITHHOLD AUTHORITY FOR ANY INDIVIDUAL NOMINEE, CHECK "FOR ALL EXCEPT" AND WRITE THE NOMINEE'S NAME ON THE LINE BELOW. ------------------------------------------------------------ FOR AGAINST ABSTAIN 2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ] Trust. 3. To transact such other business as may properly come before the Meeting.
If more than one of the proxies, or their substitutes, are present at the Meeting or any adjournment thereof, they jointly (or, if only one is present and voting then that one) shall have authority and may exercise all powers granted hereby. This Proxy, when properly executed, will be voted in accordance with the instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING. THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE HELD ON JUNE 24, 2003. Date ---------------- , 2003 ---------------------------- Shareholder signature ---------------------------- Co-owner signature (if applicable) Please sign this Proxy exactly as your name or names appear on the books of the Fund. When signing as attorney, trustee, executor, administrator, custodian, guardian or corporate officer, please give full title. If shares are held jointly, each holder must sign. [X] PLEASE MARK VOTES AS IN THIS EXAMPLE FORM OF PROXY VAN KAMPEN MUNICIPAL OPPORTUNITY TRUST II JOINT ANNUAL MEETING OF SHAREHOLDERS PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned holder of Preferred Shares of VAN KAMPEN MUNICIPAL OPPORTUNITY TRUST II, a Massachusetts business trust (the "Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and each of them or their respective designees, with full power of substitution and revocation, as proxies to represent the undersigned at the Joint Annual Meeting of Shareholders to be held at the offices of Van Kampen Investments, Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and all adjournments thereof (the "Meeting"), and thereat to vote all Preferred Shares which the undersigned would be entitled to vote, with all powers the undersigned would possess if personally present, in accordance with the following instructions. Account No. No. of Shares Proxy No. 1. Not applicable. FOR AGAINST ABSTAIN 2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ] Trust. 3. To transact such other business as may properly come before the Meeting.
If more than one of the proxies, or their substitutes, are present at the Meeting or any adjournment thereof, they jointly (or, if only one is present and voting then that one) shall have authority and may exercise all powers granted hereby. This Proxy, when properly executed, will be voted in accordance with the instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING. THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE HELD ON JUNE 24, 2003. Date ---------------- , 2003 ---------------------------- Shareholder signature ---------------------------- Co-owner signature (if applicable) Please sign this Proxy exactly as your name or names appear on the books of the Fund. When signing as attorney, trustee, executor, administrator, custodian, guardian or corporate officer, please give full title. If shares are held jointly, each holder must sign. [X] PLEASE MARK VOTES AS IN THIS EXAMPLE FORM OF PROXY VAN KAMPEN STRATEGIC SECTOR MUNICIPAL TRUST JOINT ANNUAL MEETING OF SHAREHOLDERS PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned holder of Common Shares of VAN KAMPEN STRATEGIC SECTOR MUNICIPAL TRUST, a Massachusetts business trust (the "Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and each of them or their respective designees, with full power of substitution and revocation, as proxies to represent the undersigned at the Joint Annual Meeting of Shareholders to be held at the offices of Van Kampen Investments, Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and all adjournments thereof (the "Meeting"), and thereat to vote all Common Shares which the undersigned would be entitled to vote, with all powers the undersigned would possess if personally present, in accordance with the following instructions. Account No. No. of Shares Proxy No. FOR ALL 1(a). Authority to vote for the election as Class I Trustees, the FOR WITHHOLD EXCEPT nominees named below: [ ] [ ] [ ] David C. Arch, Jerry D. Choate, Howard J Kerr and Suzanne H. Woolsey Authority to vote for the election as a Class II Trustee, the nominee named below: Linda Hutton Heagy Authority to vote for the election as a Class III Trustee, the nominee named below: R. Craig Kennedy TO WITHHOLD AUTHORITY FOR ANY INDIVIDUAL NOMINEE, CHECK "FOR ALL EXCEPT" AND WRITE THE NOMINEE'S NAME ON THE LINE BELOW. ------------------------------------------------------------ FOR AGAINST ABSTAIN 2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ] Trust. 3. To transact such other business as may properly come before the Meeting.
If more than one of the proxies, or their substitutes, are present at the Meeting or any adjournment thereof, they jointly (or, if only one is present and voting then that one) shall have authority and may exercise all powers granted hereby. This Proxy, when properly executed, will be voted in accordance with the instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING. THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE HELD ON JUNE 24, 2003. Date ---------------- , 2003 ---------------------------- Shareholder signature ---------------------------- Co-owner signature (if applicable) Please sign this Proxy exactly as your name or names appear on the books of the Fund. When signing as attorney, trustee, executor, administrator, custodian, guardian or corporate officer, please give full title. If shares are held jointly, each holder must sign. [X] PLEASE MARK VOTES AS IN THIS EXAMPLE FORM OF PROXY VAN KAMPEN STRATEGIC SECTOR MUNICIPAL TRUST JOINT ANNUAL MEETING OF SHAREHOLDERS PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned holder of Preferred Shares of VAN KAMPEN STRATEGIC SECTOR MUNICIPAL TRUST, a Massachusetts business trust (the "Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and each of them or their respective designees, with full power of substitution and revocation, as proxies to represent the undersigned at the Joint Annual Meeting of Shareholders to be held at the offices of Van Kampen Investments, Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and all adjournments thereof (the "Meeting"), and thereat to vote all Preferred Shares which the undersigned would be entitled to vote, with all powers the undersigned would possess if personally present, in accordance with the following instructions. Account No. No. of Shares Proxy No. 1. Not applicable. FOR AGAINST ABSTAIN 2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ] Trust. 3. To transact such other business as may properly come before the Meeting.
If more than one of the proxies, or their substitutes, are present at the Meeting or any adjournment thereof, they jointly (or, if only one is present and voting then that one) shall have authority and may exercise all powers granted hereby. This Proxy, when properly executed, will be voted in accordance with the instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING. THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE HELD ON JUNE 24, 2003. Date ---------------- , 2003 ---------------------------- Shareholder signature ---------------------------- Co-owner signature (if applicable) Please sign this Proxy exactly as your name or names appear on the books of the Fund. When signing as attorney, trustee, executor, administrator, custodian, guardian or corporate officer, please give full title. If shares are held jointly, each holder must sign. [X] PLEASE MARK VOTES AS IN THIS EXAMPLE FORM OF PROXY VAN KAMPEN MASSACHUSETTS VALUE MUNICIPAL INCOME TRUST JOINT ANNUAL MEETING OF SHAREHOLDERS PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned holder of Common Shares of VAN KAMPEN MASSACHUSETTS VALUE MUNICIPAL INCOME TRUST, a Massachusetts business trust (the "Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and each of them or their respective designees, with full power of substitution and revocation, as proxies to represent the undersigned at the Joint Annual Meeting of Shareholders to be held at the offices of Van Kampen Investments, Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and all adjournments thereof (the "Meeting"), and thereat to vote all Common Shares which the undersigned would be entitled to vote, with all powers the undersigned would possess if personally present, in accordance with the following instructions. Account No. No. of Shares Proxy No. FOR ALL 1(a). Authority to vote for the election as Class I Trustees, the FOR WITHHOLD EXCEPT nominees named below: [ ] [ ] [ ] David C. Arch, Jerry D. Choate, Howard J Kerr and Suzanne H. Woolsey Authority to vote for the election as a Class II Trustee, the nominee named below: Linda Hutton Heagy Authority to vote for the election as a Class III Trustee, the nominee named below: R. Craig Kennedy TO WITHHOLD AUTHORITY FOR ANY INDIVIDUAL NOMINEE, CHECK "FOR ALL EXCEPT" AND WRITE THE NOMINEE'S NAME ON THE LINE BELOW. ------------------------------------------------------------ FOR AGAINST ABSTAIN 2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ] Trust. 3. To transact such other business as may properly come before the Meeting.
If more than one of the proxies, or their substitutes, are present at the Meeting or any adjournment thereof, they jointly (or, if only one is present and voting then that one) shall have authority and may exercise all powers granted hereby. This Proxy, when properly executed, will be voted in accordance with the instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING. THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE HELD ON JUNE 24, 2003. Date ---------------- , 2003 ---------------------------- Shareholder signature ---------------------------- Co-owner signature (if applicable) Please sign this Proxy exactly as your name or names appear on the books of the Fund. When signing as attorney, trustee, executor, administrator, custodian, guardian or corporate officer, please give full title. If shares are held jointly, each holder must sign. [X] PLEASE MARK VOTES AS IN THIS EXAMPLE FORM OF PROXY VAN KAMPEN MASSACHUSETTS VALUE MUNICIPAL INCOME TRUST JOINT ANNUAL MEETING OF SHAREHOLDERS PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned holder of Preferred Shares of VAN KAMPEN MASSACHUSETTS VALUE MUNICIPAL INCOME TRUST, a Massachusetts business trust (the "Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and each of them or their respective designees, with full power of substitution and revocation, as proxies to represent the undersigned at the Joint Annual Meeting of Shareholders to be held at the offices of Van Kampen Investments, Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and all adjournments thereof (the "Meeting"), and thereat to vote all Preferred Shares which the undersigned would be entitled to vote, with all powers the undersigned would possess if personally present, in accordance with the following instructions. Account No. No. of Shares Proxy No. 1. Not applicable. FOR AGAINST ABSTAIN 2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ] Trust. 3. To transact such other business as may properly come before the Meeting.
If more than one of the proxies, or their substitutes, are present at the Meeting or any adjournment thereof, they jointly (or, if only one is present and voting then that one) shall have authority and may exercise all powers granted hereby. This Proxy, when properly executed, will be voted in accordance with the instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING. THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE HELD ON JUNE 24, 2003. Date ---------------- , 2003 ---------------------------- Shareholder signature ---------------------------- Co-owner signature (if applicable) Please sign this Proxy exactly as your name or names appear on the books of the Fund. When signing as attorney, trustee, executor, administrator, custodian, guardian or corporate officer, please give full title. If shares are held jointly, each holder must sign. [X] PLEASE MARK VOTES AS IN THIS EXAMPLE FORM OF PROXY VAN KAMPEN PENNSYLVANIA VALUE MUNICIPAL INCOME TRUST JOINT ANNUAL MEETING OF SHAREHOLDERS PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned holder of Common Shares of VAN KAMPEN PENNSYLVANIA VALUE MUNICIPAL INCOME TRUST, a Pennsylvania trust (the "Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and each of them or their respective designees, with full power of substitution and revocation, as proxies to represent the undersigned at the Joint Annual Meeting of Shareholders to be held at the offices of Van Kampen Investments Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and all adjournments thereof (the "Meeting"), and thereat to vote all Common Shares which the undersigned would be entitled to vote, with all powers the undersigned would possess if personally present, in accordance with the following instructions. Account No. No. of Shares Proxy No. FOR ALL 1(a). Authority to vote for the election as Class I Trustees, the FOR WITHHOLD EXCEPT nominees named below: [ ] [ ] [ ] David C. Arch, Jerry D. Choate, Howard J Kerr and Suzanne H. Woolsey Authority to vote for the election as a Class II Trustee, the nominee named below: Linda Hutton Heagy Authority to vote for the election as a Class III Trustee, the nominee named below: R. Craig Kennedy TO WITHHOLD AUTHORITY FOR ANY INDIVIDUAL NOMINEE, CHECK "FOR ALL EXCEPT" AND WRITE THE NOMINEE'S NAME ON THE LINE BELOW. ------------------------------------------------------------ FOR AGAINST ABSTAIN 2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ] Trust. 3. To transact such other business as may properly come before the Meeting.
If more than one of the proxies, or their substitutes, are present at the Meeting or any adjournment thereof, they jointly (or, if only one is present and voting then that one) shall have authority and may exercise all powers granted hereby. This Proxy, when properly executed, will be voted in accordance with the instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING. THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE HELD ON JUNE 24, 2003. Date ---------------- , 2003 ---------------------------- Shareholder signature ---------------------------- Co-owner signature (if applicable) Please sign this Proxy exactly as your name or names appear on the books of the Fund. When signing as attorney, trustee, executor, administrator, custodian, guardian or corporate officer, please give full title. If shares are held jointly, each holder must sign. [X] PLEASE MARK VOTES AS IN THIS EXAMPLE FORM OF PROXY VAN KAMPEN PENNSYLVANIA VALUE MUNICIPAL INCOME TRUST JOINT ANNUAL MEETING OF SHAREHOLDERS PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned holder of Preferred Shares of VAN KAMPEN PENNSYLVANIA VALUE MUNICIPAL INCOME TRUST, a Pennsylvania trust (the "Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and each of them or their respective designees, with full power of substitution and revocation, as proxies to represent the undersigned at the Joint Annual Meeting of Shareholders to be held at the offices of Van Kampen Investments Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and all adjournments thereof (the "Meeting"), and thereat to vote all Preferred Shares which the undersigned would be entitled to vote, with all powers the undersigned would possess if personally present, in accordance with the following instructions. Account No. No. of Shares Proxy No. 1. Not applicable. FOR AGAINST ABSTAIN 2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ] Trust. 3. To transact such other business as may properly come before the Meeting.
If more than one of the proxies, or their substitutes, are present at the Meeting or any adjournment thereof, they jointly (or, if only one is present and voting then that one) shall have authority and may exercise all powers granted hereby. This Proxy, when properly executed, will be voted in accordance with the instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING. THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE HELD ON JUNE 24, 2003. Date ---------------- , 2003 ---------------------------- Shareholder signature ---------------------------- Co-owner signature (if applicable) Please sign this Proxy exactly as your name or names appear on the books of the Fund. When signing as attorney, trustee, executor, administrator, custodian, guardian or corporate officer, please give full title. If shares are held jointly, each holder must sign. [X] PLEASE MARK VOTES AS IN THIS EXAMPLE FORM OF PROXY VAN KAMPEN CALIFORNIA VALUE MUNICIPAL INCOME TRUST JOINT ANNUAL MEETING OF SHAREHOLDERS PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned holder of Common Shares of VAN KAMPEN CALIFORNIA VALUE MUNICIPAL INCOME TRUST, a Massachusetts business trust (the "Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and each of them or their respective designees, with full power of substitution and revocation, as proxies to represent the undersigned at the Joint Annual Meeting of Shareholders to be held at the offices of Van Kampen Investments, Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and all adjournments thereof (the "Meeting"), and thereat to vote all Common Shares which the undersigned would be entitled to vote, with all powers the undersigned would possess if personally present, in accordance with the following instructions. Account No. No. of Shares Proxy No. FOR ALL 1(a). Authority to vote for the election as Class I Trustees, the FOR WITHHOLD EXCEPT nominees named below: [ ] [ ] [ ] David C. Arch, Jerry D. Choate, Howard J Kerr and Suzanne H. Woolsey Authority to vote for the election as a Class II Trustee, the nominee named below: Linda Hutton Heagy Authority to vote for the election as a Class III Trustee, the nominee named below: R. Craig Kennedy TO WITHHOLD AUTHORITY FOR ANY INDIVIDUAL NOMINEE, CHECK "FOR ALL EXCEPT" AND WRITE THE NOMINEE'S NAME ON THE LINE BELOW. ------------------------------------------------------------ FOR AGAINST ABSTAIN 2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ] Trust. 3. To transact such other business as may properly come before the Meeting.
If more than one of the proxies, or their substitutes, are present at the Meeting or any adjournment thereof, they jointly (or, if only one is present and voting then that one) shall have authority and may exercise all powers granted hereby. This Proxy, when properly executed, will be voted in accordance with the instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING. THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE HELD ON JUNE 24, 2003. Date ---------------- , 2003 ---------------------------- Shareholder signature ---------------------------- Co-owner signature (if applicable) Please sign this Proxy exactly as your name or names appear on the books of the Fund. When signing as attorney, trustee, executor, administrator, custodian, guardian or corporate officer, please give full title. If shares are held jointly, each holder must sign. [X] PLEASE MARK VOTES AS IN THIS EXAMPLE FORM OF PROXY VAN KAMPEN CALIFORNIA VALUE MUNICIPAL INCOME TRUST JOINT ANNUAL MEETING OF SHAREHOLDERS PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned holder of Preferred Shares of VAN KAMPEN CALIFORNIA VALUE MUNICIPAL INCOME TRUST, a Massachusetts business trust (the "Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and each of them or their respective designees, with full power of substitution and revocation, as proxies to represent the undersigned at the Joint Annual Meeting of Shareholders to be held at the offices of Van Kampen Investments, Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and all adjournments thereof (the "Meeting"), and thereat to vote all Preferred Shares which the undersigned would be entitled to vote, with all powers the undersigned would possess if personally present, in accordance with the following instructions. Account No. No. of Shares Proxy No. 1. Not applicable. FOR AGAINST ABSTAIN 2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ] Trust. 3. To transact such other business as may properly come before the Meeting.
If more than one of the proxies, or their substitutes, are present at the Meeting or any adjournment thereof, they jointly (or, if only one is present and voting then that one) shall have authority and may exercise all powers granted hereby. This Proxy, when properly executed, will be voted in accordance with the instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING. THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE HELD ON JUNE 24, 2003. Date ---------------- , 2003 ---------------------------- Shareholder signature ---------------------------- Co-owner signature (if applicable) Please sign this Proxy exactly as your name or names appear on the books of the Fund. When signing as attorney, trustee, executor, administrator, custodian, guardian or corporate officer, please give full title. If shares are held jointly, each holder must sign. [X] PLEASE MARK VOTES AS IN THIS EXAMPLE FORM OF PROXY VAN KAMPEN OHIO VALUE MUNICIPAL INCOME TRUST JOINT ANNUAL MEETING OF SHAREHOLDERS PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned holder of Common Shares of VAN KAMPEN OHIO VALUE MUNICIPAL INCOME TRUST, a Massachusetts business trust (the "Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and each of them or their respective designees, with full power of substitution and revocation, as proxies to represent the undersigned at the Joint Annual Meeting of Shareholders to be held at the offices of Van Kampen Investments, Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and all adjournments thereof (the "Meeting"), and thereat to vote all Common Shares which the undersigned would be entitled to vote, with all powers the undersigned would possess if personally present, in accordance with the following instructions. Account No. No. of Shares Proxy No. FOR ALL 1(a). Authority to vote for the election as Class I Trustees, the FOR WITHHOLD EXCEPT nominees named below: [ ] [ ] [ ] David C. Arch, Jerry D. Choate, Howard J Kerr and Suzanne H. Woolsey Authority to vote for the election as a Class II Trustee, the nominee named below: Linda Hutton Heagy Authority to vote for the election as a Class III Trustee, the nominee named below: R. Craig Kennedy TO WITHHOLD AUTHORITY FOR ANY INDIVIDUAL NOMINEE, CHECK "FOR ALL EXCEPT" AND WRITE THE NOMINEE'S NAME ON THE LINE BELOW. ------------------------------------------------------------ FOR AGAINST ABSTAIN 2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ] Trust. 3. To transact such other business as may properly come before the Meeting.
If more than one of the proxies, or their substitutes, are present at the Meeting or any adjournment thereof, they jointly (or, if only one is present and voting then that one) shall have authority and may exercise all powers granted hereby. This Proxy, when properly executed, will be voted in accordance with the instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING. THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE HELD ON JUNE 24, 2003. Date ---------------- , 2003 ---------------------------- Shareholder signature ---------------------------- Co-owner signature (if applicable) Please sign this Proxy exactly as your name or names appear on the books of the Fund. When signing as attorney, trustee, executor, administrator, custodian, guardian or corporate officer, please give full title. If shares are held jointly, each holder must sign. [X] PLEASE MARK VOTES AS IN THIS EXAMPLE FORM OF PROXY VAN KAMPEN OHIO VALUE MUNICIPAL INCOME TRUST JOINT ANNUAL MEETING OF SHAREHOLDERS PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned holder of Preferred Shares of VAN KAMPEN OHIO VALUE MUNICIPAL INCOME TRUST, a Massachusetts business trust (the "Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and each of them or their respective designees, with full power of substitution and revocation, as proxies to represent the undersigned at the Joint Annual Meeting of Shareholders to be held at the offices of Van Kampen Investments, Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and all adjournments thereof (the "Meeting"), and thereat to vote all Preferred Shares which the undersigned would be entitled to vote, with all powers the undersigned would possess if personally present, in accordance with the following instructions. Account No. No. of Shares Proxy No. 1. Not applicable. FOR AGAINST ABSTAIN 2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ] Trust. 3. To transact such other business as may properly come before the Meeting.
If more than one of the proxies, or their substitutes, are present at the Meeting or any adjournment thereof, they jointly (or, if only one is present and voting then that one) shall have authority and may exercise all powers granted hereby. This Proxy, when properly executed, will be voted in accordance with the instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING. THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE HELD ON JUNE 24, 2003. Date ---------------- , 2003 ---------------------------- Shareholder signature ---------------------------- Co-owner signature (if applicable) Please sign this Proxy exactly as your name or names appear on the books of the Fund. When signing as attorney, trustee, executor, administrator, custodian, guardian or corporate officer, please give full title. If shares are held jointly, each holder must sign. [X] PLEASE MARK VOTES AS IN THIS EXAMPLE FORM OF PROXY VAN KAMPEN VALUE MUNICIPAL INCOME TRUST JOINT ANNUAL MEETING OF SHAREHOLDERS PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned holder of Common Shares of VAN KAMPEN VALUE MUNICIPAL INCOME TRUST, a Massachusetts business trust (the "Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and each of them or their respective designees, with full power of substitution and revocation, as proxies to represent the undersigned at the Joint Annual Meeting of Shareholders to be held at the offices of Van Kampen Investments, Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and all adjournments thereof (the "Meeting"), and thereat to vote all Common Shares which the undersigned would be entitled to vote, with all powers the undersigned would possess if personally present, in accordance with the following instructions. Account No. No. of Shares Proxy No. FOR ALL 1(a). Authority to vote for the election as Class I Trustees, the FOR WITHHOLD EXCEPT nominees named below: [ ] [ ] [ ] David C. Arch, Jerry D. Choate, Howard J Kerr and Suzanne H. Woolsey Authority to vote for the election as a Class II Trustee, the nominee named below: Linda Hutton Heagy Authority to vote for the election as a Class III Trustee, the nominee named below: R. Craig Kennedy TO WITHHOLD AUTHORITY FOR ANY INDIVIDUAL NOMINEE, CHECK "FOR ALL EXCEPT" AND WRITE THE NOMINEE'S NAME ON THE LINE BELOW. ------------------------------------------------------------ FOR AGAINST ABSTAIN 2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ] Trust. 3. To transact such other business as may properly come before the Meeting.
If more than one of the proxies, or their substitutes, are present at the Meeting or any adjournment thereof, they jointly (or, if only one is present and voting then that one) shall have authority and may exercise all powers granted hereby. This Proxy, when properly executed, will be voted in accordance with the instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING. THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE HELD ON JUNE 24, 2003. Date ---------------- , 2003 ---------------------------- Shareholder signature ---------------------------- Co-owner signature (if applicable) Please sign this Proxy exactly as your name or names appear on the books of the Fund. When signing as attorney, trustee, executor, administrator, custodian, guardian or corporate officer, please give full title. If shares are held jointly, each holder must sign. [X] PLEASE MARK VOTES AS IN THIS EXAMPLE FORM OF PROXY VAN KAMPEN VALUE MUNICIPAL INCOME TRUST JOINT ANNUAL MEETING OF SHAREHOLDERS PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned holder of Preferred Shares of VAN KAMPEN VALUE MUNICIPAL INCOME TRUST, a Massachusetts business trust (the "Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and each of them or their respective designees, with full power of substitution and revocation, as proxies to represent the undersigned at the Joint Annual Meeting of Shareholders to be held at the offices of Van Kampen Investments, Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and all adjournments thereof (the "Meeting"), and thereat to vote all Preferred Shares which the undersigned would be entitled to vote, with all powers the undersigned would possess if personally present, in accordance with the following instructions. Account No. No. of Shares Proxy No. 1. Not applicable. FOR AGAINST ABSTAIN 2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ] Trust. 3. To transact such other business as may properly come before the Meeting.
If more than one of the proxies, or their substitutes, are present at the Meeting or any adjournment thereof, they jointly (or, if only one is present and voting then that one) shall have authority and may exercise all powers granted hereby. This Proxy, when properly executed, will be voted in accordance with the instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING. THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE HELD ON JUNE 24, 2003. Date ---------------- , 2003 ---------------------------- Shareholder signature ---------------------------- Co-owner signature (if applicable) Please sign this Proxy exactly as your name or names appear on the books of the Fund. When signing as attorney, trustee, executor, administrator, custodian, guardian or corporate officer, please give full title. If shares are held jointly, each holder must sign. [X] PLEASE MARK VOTES AS IN THIS EXAMPLE FORM OF PROXY VAN KAMPEN ADVANTAGE MUNICIPAL INCOME TRUST II JOINT ANNUAL MEETING OF SHAREHOLDERS PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned holder of Common Shares of VAN KAMPEN ADVANTAGE MUNICIPAL INCOME TRUST II, a Massachusetts business trust (the "Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and each of them or their respective designees, with full power of substitution and revocation, as proxies to represent the undersigned at the Joint Annual Meeting of Shareholders to be held at the offices of Van Kampen Investments, Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and all adjournments thereof (the "Meeting"), and thereat to vote all Common Shares which the undersigned would be entitled to vote, with all powers the undersigned would possess if personally present, in accordance with the following instructions. Account No. No. of Shares Proxy No. FOR ALL 1(a). Authority to vote for the election as Class I Trustees, the FOR WITHHOLD EXCEPT nominees named below: [ ] [ ] [ ] David C. Arch, Jerry D. Choate, Howard J Kerr and Suzanne H. Woolsey Authority to vote for the election as a Class II Trustee, the nominee named below: Linda Hutton Heagy Authority to vote for the election as a Class III Trustee, the nominee named below: R. Craig Kennedy TO WITHHOLD AUTHORITY FOR ANY INDIVIDUAL NOMINEE, CHECK "FOR ALL EXCEPT" AND WRITE THE NOMINEE'S NAME ON THE LINE BELOW. ------------------------------------------------------------ FOR AGAINST ABSTAIN 2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ] Trust. 3. To transact such other business as may properly come before the Meeting.
If more than one of the proxies, or their substitutes, are present at the Meeting or any adjournment thereof, they jointly (or, if only one is present and voting then that one) shall have authority and may exercise all powers granted hereby. This Proxy, when properly executed, will be voted in accordance with the instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING. THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE HELD ON JUNE 24, 2003. Date ---------------- , 2003 ---------------------------- Shareholder signature ---------------------------- Co-owner signature (if applicable) Please sign this Proxy exactly as your name or names appear on the books of the Fund. When signing as attorney, trustee, executor, administrator, custodian, guardian or corporate officer, please give full title. If shares are held jointly, each holder must sign. [X] PLEASE MARK VOTES AS IN THIS EXAMPLE FORM OF PROXY VAN KAMPEN ADVANTAGE MUNICIPAL INCOME TRUST II JOINT ANNUAL MEETING OF SHAREHOLDERS PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned holder of Preferred Shares of VAN KAMPEN ADVANTAGE MUNICIPAL INCOME TRUST II, a Massachusetts business trust (the "Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and each of them or their respective designees, with full power of substitution and revocation, as proxies to represent the undersigned at the Joint Annual Meeting of Shareholders to be held at the offices of Van Kampen Investments, Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and all adjournments thereof (the "Meeting"), and thereat to vote all Preferred Shares which the undersigned would be entitled to vote, with all powers the undersigned would possess if personally present, in accordance with the following instructions. Account No. No. of Shares Proxy No. 1. Not applicable. FOR AGAINST ABSTAIN 2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ] Trust. 3. To transact such other business as may properly come before the Meeting.
If more than one of the proxies, or their substitutes, are present at the Meeting or any adjournment thereof, they jointly (or, if only one is present and voting then that one) shall have authority and may exercise all powers granted hereby. This Proxy, when properly executed, will be voted in accordance with the instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING. THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE HELD ON JUNE 24, 2003. Date ---------------- , 2003 ---------------------------- Shareholder signature ---------------------------- Co-owner signature (if applicable) Please sign this Proxy exactly as your name or names appear on the books of the Fund. When signing as attorney, trustee, executor, administrator, custodian, guardian or corporate officer, please give full title. If shares are held jointly, each holder must sign. [X] PLEASE MARK VOTES AS IN THIS EXAMPLE FORM OF PROXY VAN KAMPEN NEW YORK VALUE MUNICIPAL INCOME TRUST JOINT ANNUAL MEETING OF SHAREHOLDERS PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned holder of Common Shares of VAN KAMPEN NEW YORK VALUE MUNICIPAL INCOME TRUST, a Massachusetts business trust (the "Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and each of them or their respective designees, with full power of substitution and revocation, as proxies to represent the undersigned at the Joint Annual Meeting of Shareholders to be held at the offices of Van Kampen Investments, Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and all adjournments thereof (the "Meeting"), and thereat to vote all Common Shares which the undersigned would be entitled to vote, with all powers the undersigned would possess if personally present, in accordance with the following instructions. Account No. No. of Shares Proxy No. FOR ALL 1(a). Authority to vote for the election as Class I Trustees, the FOR WITHHOLD EXCEPT nominees named below: [ ] [ ] [ ] David C. Arch, Jerry D. Choate, Howard J Kerr and Suzanne H. Woolsey Authority to vote for the election as a Class II Trustee, the nominee named below: Linda Hutton Heagy Authority to vote for the election as a Class III Trustee, the nominee named below: R. Craig Kennedy TO WITHHOLD AUTHORITY FOR ANY INDIVIDUAL NOMINEE, CHECK "FOR ALL EXCEPT" AND WRITE THE NOMINEE'S NAME ON THE LINE BELOW. ------------------------------------------------------------ FOR AGAINST ABSTAIN 2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ] Trust. 3. To transact such other business as may properly come before the Meeting.
If more than one of the proxies, or their substitutes, are present at the Meeting or any adjournment thereof, they jointly (or, if only one is present and voting then that one) shall have authority and may exercise all powers granted hereby. This Proxy, when properly executed, will be voted in accordance with the instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING. THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE HELD ON JUNE 24, 2003. Date ---------------- , 2003 ---------------------------- Shareholder signature ---------------------------- Co-owner signature (if applicable) Please sign this Proxy exactly as your name or names appear on the books of the Fund. When signing as attorney, trustee, executor, administrator, custodian, guardian or corporate officer, please give full title. If shares are held jointly, each holder must sign. [X] PLEASE MARK VOTES AS IN THIS EXAMPLE FORM OF PROXY VAN KAMPEN NEW YORK VALUE MUNICIPAL INCOME TRUST JOINT ANNUAL MEETING OF SHAREHOLDERS PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned holder of Preferred Shares of VAN KAMPEN NEW YORK VALUE MUNICIPAL INCOME TRUST, a Massachusetts business trust (the "Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and each of them or their respective designees, with full power of substitution and revocation, as proxies to represent the undersigned at the Joint Annual Meeting of Shareholders to be held at the offices of Van Kampen Investments, Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and all adjournments thereof (the "Meeting"), and thereat to vote all Preferred Shares which the undersigned would be entitled to vote, with all powers the undersigned would possess if personally present, in accordance with the following instructions. Account No. No. of Shares Proxy No. 1. Not applicable. FOR AGAINST ABSTAIN 2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ] Trust. 3. To transact such other business as may properly come before the Meeting.
If more than one of the proxies, or their substitutes, are present at the Meeting or any adjournment thereof, they jointly (or, if only one is present and voting then that one) shall have authority and may exercise all powers granted hereby. This Proxy, when properly executed, will be voted in accordance with the instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING. THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE HELD ON JUNE 24, 2003. Date ---------------- , 2003 ---------------------------- Shareholder signature ---------------------------- Co-owner signature (if applicable) Please sign this Proxy exactly as your name or names appear on the books of the Fund. When signing as attorney, trustee, executor, administrator, custodian, guardian or corporate officer, please give full title. If shares are held jointly, each holder must sign. [X] PLEASE MARK VOTES AS IN THIS EXAMPLE FORM OF PROXY VAN KAMPEN INVESTMENT GRADE MUNICIPAL TRUST JOINT ANNUAL MEETING OF SHAREHOLDERS PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned holder of Common Shares of VAN KAMPEN INVESTMENT GRADE MUNICIPAL TRUST, a Massachusetts business trust (the "Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and each of them or their respective designees, with full power of substitution and revocation, as proxies to represent the undersigned at the Joint Annual Meeting of Shareholders to be held at the offices of Van Kampen Investments, Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and all adjournments thereof (the "Meeting"), and thereat to vote all Common Shares which the undersigned would be entitled to vote, with all powers the undersigned would possess if personally present, in accordance with the following instructions. Account No. No. of Shares Proxy No. FOR ALL 1(a). Authority to vote for the election as Class I Trustees, the FOR WITHHOLD EXCEPT nominees named below: [ ] [ ] [ ] David C. Arch, Jerry D. Choate, Howard J Kerr and Suzanne H. Woolsey Authority to vote for the election as a Class II Trustee, the nominee named below: Linda Hutton Heagy Authority to vote for the election as a Class III Trustee, the nominee named below: R. Craig Kennedy TO WITHHOLD AUTHORITY FOR ANY INDIVIDUAL NOMINEE, CHECK "FOR ALL EXCEPT" AND WRITE THE NOMINEE'S NAME ON THE LINE BELOW. ------------------------------------------------------------ FOR AGAINST ABSTAIN 2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ] Trust. 3. To transact such other business as may properly come before the Meeting.
If more than one of the proxies, or their substitutes, are present at the Meeting or any adjournment thereof, they jointly (or, if only one is present and voting then that one) shall have authority and may exercise all powers granted hereby. This Proxy, when properly executed, will be voted in accordance with the instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING. THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE HELD ON JUNE 24, 2003. Date ---------------- , 2003 ---------------------------- Shareholder signature ---------------------------- Co-owner signature (if applicable) Please sign this Proxy exactly as your name or names appear on the books of the Fund. When signing as attorney, trustee, executor, administrator, custodian, guardian or corporate officer, please give full title. If shares are held jointly, each holder must sign. [X] PLEASE MARK VOTES AS IN THIS EXAMPLE FORM OF PROXY VAN KAMPEN INVESTMENT GRADE MUNICIPAL TRUST JOINT ANNUAL MEETING OF SHAREHOLDERS PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned holder of Preferred Shares of VAN KAMPEN INVESTMENT GRADE MUNICIPAL TRUST, a Massachusetts business trust (the "Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and each of them or their respective designees, with full power of substitution and revocation, as proxies to represent the undersigned at the Joint Annual Meeting of Shareholders to be held at the offices of Van Kampen Investments, Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and all adjournments thereof (the "Meeting"), and thereat to vote all Preferred Shares which the undersigned would be entitled to vote, with all powers the undersigned would possess if personally present, in accordance with the following instructions. Account No. No. of Shares Proxy No. 1. Not applicable. FOR AGAINST ABSTAIN 2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ] Trust. 3. To transact such other business as may properly come before the Meeting.
If more than one of the proxies, or their substitutes, are present at the Meeting or any adjournment thereof, they jointly (or, if only one is present and voting then that one) shall have authority and may exercise all powers granted hereby. This Proxy, when properly executed, will be voted in accordance with the instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING. THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE HELD ON JUNE 24, 2003. Date ---------------- , 2003 ---------------------------- Shareholder signature ---------------------------- Co-owner signature (if applicable) Please sign this Proxy exactly as your name or names appear on the books of the Fund. When signing as attorney, trustee, executor, administrator, custodian, guardian or corporate officer, please give full title. If shares are held jointly, each holder must sign. [X] PLEASE MARK VOTES AS IN THIS EXAMPLE FORM OF PROXY VAN KAMPEN BOND FUND JOINT ANNUAL MEETING OF SHAREHOLDERS PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned holder of Common Shares of VAN KAMPEN BOND FUND, a Delaware business trust (the "Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and each of them or their respective designees, with full power of substitution and revocation, as proxies to represent the undersigned at the Joint Annual Meeting of Shareholders to be held at the offices of Van Kampen Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and all adjournments thereof (the "Meeting"), and thereat to vote all Common Shares which the undersigned would be entitled to vote, with all powers the undersigned would possess if personally present, in accordance with the following instructions. Account No. No. of Shares Class of Shares Proxy No. FOR ALL 1(c). Authority to vote for the election as Class I Trustees, the FOR WITHHOLD EXCEPT nominees named below: [ ] [ ] [ ] Jerry D. Choate and Suzanne H. Woolsey Authority to vote for the election as Class II Trustees, the nominees named below: Rod Dammeyer, Linda Hutton Heagy and Wayne W. Whalen Authority to vote for the election as a Class III Trustee, the nominee named below: R. Craig Kennedy TO WITHHOLD AUTHORITY FOR ANY INDIVIDUAL NOMINEE, CHECK "FOR ALL EXCEPT" AND WRITE THE NOMINEE'S NAME ON THE LINE BELOW. ------------------------------------------------------------ 2. Not applicable. 3. To transact such other business as may properly come before the Meeting.
If more than one of the proxies, or their substitutes, are present at the Meeting or any adjournment thereof, they jointly (or, if only one is present and voting then that one) shall have authority and may exercise all powers granted hereby. This Proxy, when properly executed, will be voted in accordance with the instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING. THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE HELD ON JUNE 24, 2003. Date ---------------- , 2003 ---------------------------- Shareholder signature ---------------------------- Co-owner signature (if applicable) Please sign this Proxy exactly as your name or names appear on the books of the Fund. When signing as attorney, trustee, executor, administrator, custodian, guardian or corporate officer, please give full title. If shares are held jointly, each holder must sign. [X] PLEASE MARK VOTES AS IN THIS EXAMPLE FORM OF PROXY VAN KAMPEN INCOME TRUST JOINT ANNUAL MEETING OF SHAREHOLDERS PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned holder of Common Shares of VAN KAMPEN INCOME TRUST, a Delaware business trust (the "Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and each of them or their respective designees, with full power of substitution and revocation, as proxies to represent the undersigned at the Joint Annual Meeting of Shareholders to be held at the offices of Van Kampen Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and all adjournments thereof (the "Meeting"), and thereat to vote all Common Shares which the undersigned would be entitled to vote, with all powers the undersigned would possess if personally present, in accordance with the following instructions. Account No. No. of Shares Class of Shares Proxy No. FOR ALL 1(e). Authority to vote for the election as Class I Trustees, the FOR WITHHOLD EXCEPT nominees named below: [ ] [ ] [ ] Jerry D. Choate and Suzanne H. Woolsey Authority to vote for the election as a Class II Trustee, the nominee named below: Linda Hutton Heagy Authority to vote for the election as Class III Trustees, the nominees named below: R. Craig Kennedy, Theodore A. Myers, Richard F. Powers, III and Hugo F. Sonnenschein TO WITHHOLD AUTHORITY FOR ANY INDIVIDUAL NOMINEE, CHECK "FOR ALL EXCEPT" AND WRITE THE NOMINEE'S NAME ON THE LINE BELOW. ------------------------------------------------------------ 2. Not applicable. 3. To transact such other business as may properly come before the Meeting.
If more than one of the proxies, or their substitutes, are present at the Meeting or any adjournment thereof, they jointly (or, if only one is present and voting then that one) shall have authority and may exercise all powers granted hereby. This Proxy, when properly executed, will be voted in accordance with the instructions marked hereon by the undersigned. IF NO SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING. THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE HELD ON JUNE 24, 2003. Date ---------------- , 2003 ---------------------------- Shareholder signature ---------------------------- Co-owner signature (if applicable) Please sign this Proxy exactly as your name or names appear on the books of the Fund. When signing as attorney, trustee, executor, administrator, custodian, guardian or corporate officer, please give full title. If shares are held jointly, each holder must sign.