The Adviser, certain affiliates of the Adviser, and
certain investment companies advised by the Adviser or its
affiliates, including the Fund, are named as defendants in a
number of similar class action complaints which were
consolidated. The consolidated action also names as
defendants certain individual Trustees and Directors of
certain investment companies advised by affiliates of the
Adviser; the complaint does not, however, name the
individual Trustees of any Van Kampen funds. The
consolidated amended complaint generally alleges that
defendants violated their statutory disclosure obligations
and fiduciary duties by failing properly to disclose (i)
that the Adviser and certain affiliates of the Adviser
allegedly offered economic incentives to brokers and others
to steer investors to the funds advised by the Adviser or
its affiliates rather than funds managed by other companies,
and (ii) that the funds advised by the Adviser or its
affiliates, including the Fund, allegedly paid excessive
commissions to brokers in return for their alleged efforts
to steer investors to these funds. The complaint seeks,
among other things, unspecified compensatory damages,
rescissionary damages, fees and costs.  Plaintiffs have
filed a Motion for Leave to file a Supplemental Pleading
that would, among other things, expand the allegations and
alleged class.

           The Adviser and certain affiliates of the Adviser
are  also  named  as defendants in a derivative  suit  which
additionally names as defendants certain individual Trustees
of certain Van Kampen funds; the named investment companies,
including  the  Fund, are listed as nominal defendants.  The
complaint  alleges  that defendants caused  the  Van  Kampen
funds  to  pay  economic incentives to a  proprietary  sales
force  to promote the sale of proprietary mutual funds.  The
complaint  also  alleges  that the  Van  Kampen  funds  paid
excessive  commissions to Morgan Stanley and its  affiliates
in  connection  with the sales of the funds.  The  complaint
seeks,  among  other  things, the  removal  of  the  current
Trustees   of  the  funds,  rescission  of  the   management
contracts  for the funds, disgorgement of profits by  Morgan
Stanley  and  its  affiliates and  monetary  damages.   This
complaint   has  been  coordinated  with  the   consolidated
complaint  described in the preceding paragraph.   Plaintiff
sought  leave to file a second amended derivative  compliant
that  alleges  that  the  Adviser  permitted  or  recklessly
disregarded   market  timing  and  late   trading   in   its
proprietary  mutual funds in order to increase assets  under
management  and  fees.  However, pursuant  to  an  agreement
between the parties, the plaintiff's proposed second amended
derivative  complaint  was  withdrawn  and  the  allegations
regarding     market     timing     and     late     trading
asserted  therein  were  filed in a separate  complaint  and
coordinated  with other cases related to market timing  that
have been centralized in a federal court.

     The defendants have moved to dismiss each of these
actions and otherwise intend to defend them vigorously.
While the defendants believe that they have meritorious
defenses, the ultimate outcome of these matters is not
presently determinable at this early stage of litigation,
and no provision has been made in the Fund's financial
statements for the effect, if any, of these matters.