nvcsr

NOT FDIC INSURED

OFFER NO BANK GUARANTEE

MAY LOSE VALUE

NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY

NOT A DEPOSIT

Welcome, Shareholder

In this report, you’ll learn about how your investment in Van Kampen Core Plus Fixed Income Fund performed during the annual period. The portfolio management team will provide an overview of the market conditions and discuss some of the factors that affected investment performance during the reporting period. In addition, this report includes the fund’s financial statements and a list of fund investments as of August 31, 2009.

This material must be preceded or accompanied by a Class A, B, and C share or Class I share prospectus for the fund being offered. The prospectus contains information about the fund, including the investment objectives, risks, charges and expenses. To obtain an additional prospectus, contact your financial advisor or download one at vankampen.com. Please read the prospectus carefully before investing.

Market forecasts provided in this report may not necessarily come to pass. There is no assurance that the fund will achieve its investment objective. The fund is subject to market risk, which is the possibility that the market values of securities owned by the fund will decline and, therefore, the value of the fund shares may be less than what you paid for them. Accordingly, you can lose money investing in this fund.

Performance Summary as of 8/31/09 (Unaudited)

Performance of a $10,000 investment

This chart compares your fund’s performance to that of the Barclays Capital U.S. Aggregate Index from 1/31/07 (first month-end after inception) through 8/31/09. Class A shares, adjusted for sales charges.

A Shares

B Shares

C Shares

I Shares

since 1/26/07

w/max

4.75%

4.00%

1.00%

Average Annual

w/o sales

sales

w/o sales

sales

w/o sales

sales

w/o sales

Total Returns

charges

charge

charges

charge

charges

charge

charges

Since Inception

1.72

–0.17

1.02

–0.04

1.34

1.98

1-year

7.12

2.05

6.37

2.37

6.71

5.71

7.39

30-Day SEC Yield

3.18%

2.62%

2.79%

3.59%

Performance data quoted represents past performance, which is no guarantee of future results, and current performance may be lower or higher than the figures shown. For the most recent month-end performance figures, please visit vankampen.com or speak with your financial advisor. Investment returns and principal value will fluctuate and fund shares, when redeemed, may be worth more or less than their original cost.

The returns shown in this report do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. Performance of share classes will vary due to differences in sales charges and expenses. Average annual total return with sales charges includes payment of the maximum sales charge of 4.75 percent for Class A shares, a contingent deferred sales charge of 4.00 percent for Class B shares (in year one and declining to zero after year five), a contingent deferred sales charge of 1.00 percent for Class C shares in year one, and combined Rule 12b-1 fees and service fees of up to 0.25 percent for Class A shares and up to 1.00 percent for Class B and C shares. Class I shares are available for purchase exclusively by investors through (i) tax-exempt retirement plans with assets of at least $1 million (including 401(k) plans, 457 plans, employer-sponsored 403(b) plans, profit sharing and money purchase plans, defined benefit plans and nonqualified deferred compensation plans), (ii) fee-based investment programs with assets of at least $1 million (iii) qualified state tuition plan (529 plan) accounts, (iv) institutional clients with assets of at least $1 million and (v) certain Van Kampen investment companies. Class I shares are offered without any sales charges on purchases or sales and do not include combined rule 12b-1 fees and service fees. Figures shown above assume reinvestment of all dividends and capital gains. SEC yield is a calculation for determining the amount of portfolio income, excluding non-income items as prescribed by the U.S. Securities and Exchange Commission (the “SEC”). Yields are subject to change. The fund’s adviser has waived or reimbursed fees and expenses from time to time; absent such waivers/reimbursements, the fund’s returns would have been lower. Periods of less than one year are not annualized.

The Lehman Brothers U.S. Aggregate index, which has been shown in the Fund’s previous shareholder reports and prospectuses, changed its name to Barclays Capital U.S. Aggregate Index as of November 3, 2008. The Barclays Capital U.S. Aggregate Index is an unmanaged, broad-based market index that covers the U.S. dollar denominated, investment-grade, fixed-rate, taxable bond market of securities registered with the SEC, which includes U.S. Treasury, government-related, corporate, mortgage-backed, asset-backed and commercial mortgage-backed securities sectors. The Index is unmanaged and its returns do not include any sales charges or fees. Such costs would lower performance. It is not possible to invest directly in an index.

Fund Report

For the 12-month period ended August 31, 2009

Market Conditions

The first several months of the 12-month reporting period marked one of the worst periods in the history of the financial markets as deteriorating economic and credit conditions eroded investor confidence and led to extreme losses in all sectors of the market. The downward spiral was triggered by the government takeover of mortgage giants Fannie Mae and Freddie Mac and the bankruptcy of Lehman Brothers in September 2008. As a series of other takeovers and failures occurred in subsequent weeks, the credit markets became nearly paralyzed. Banks stopped lending, liquidity became scarce and short-term borrowing costs soared. Panic ensued and investors shed risky assets in favor of high quality Treasury securities, which led to significant spread widening in the corporate credit market.

In 2009, however, the outlook began to improve. Although economic conditions remained weak, the contraction in growth appeared to be slowing. At the same time, many of the programs the government had introduced in late 2008 to enhance market liquidity began to have an impact. Credit concerns eased, consumer confidence began to improve and the market regained its footing as investor appetite for risk returned. These factors, coupled with improving news on the corporate front, led to a market rebound, particularly in financials, which was the most beaten down sector in late 2008. Although the sector has outpaced both industrials and utilities in recent months, it continues to lag over longer periods and spreads still remain wider than historical averages. Within the corporate credit market as a whole, renewed risk appetite led lower-quality issues to outperform higher-quality issues as investors reached for yield. In terms of new issuance, volumes have been robust. In fact, the first half of 2009 saw the heaviest investment grade corporate bond issuance of any six-month period on record.

Within the mortgage sector, agency mortgage-backed securities have posted healthy gains in recent months due in large part to the Federal Reserve’s planned purchase of large quantities of these securities. However, while volatility has declined, yield spreads remain wider than historical averages and performance across the coupon spectrum has been mixed. Non-agency mortgage-backed securities backed by prime loans have also experienced positive price movements recently in response to stabilization of the housing market. On the commercial real estate front, commercial mortgage-backed securities have also performed well as default expectations have declined.

Performance Analysis

All share classes of Van Kampen Core Plus Fixed Income Fund underperformed the Barclays Capital U.S. Aggregate Index (the “Index”) for the 12 months ended August 31, 2009, assuming no deduction of applicable sales charges.

Total returns for the 12-month period ended August 31, 2009


												Barclays Capital U.S.
Class A			Class B			Class C			Class I			Aggregate Index

	7.12	%		6.37	%		6.71	%		7.39	%		7.94	%

The performance for the four share classes varies because each has different expenses. The Fund’s total return figures assume the reinvestment of all distributions, but do not reflect the deduction of any applicable sales charges. Such costs would lower performance. Past performance is no guarantee of future results. See Performance Summary for standardized performance information and index definition.

The Fund’s underperformance of the Index during the period was driven primarily by the portfolio’s positioning in two areas:


•	The primary detractor from the Fund’s performance relative to the Index was an overweight in non-agency mortgage-backed securities in 2008. Although this position was almost entirely eliminated by the end of the year, the sector’s poor performance prior to that time led the portfolio’s holdings there to be a drag on returns for the overall reporting period.

•	The portfolio’s yield-curve positioning detracted slightly from relative performance. This position overweighted the 10-year segment of the Treasury yield curve relative to the 30-year segment and was held in the portfolio through most of the second quarter of 2009.

The Fund’s positioning in the following three areas, however, was additive to relative performance for the period:


•	Within the Fund’s corporate credit holdings, overweight allocations relative to the Index in the banking, food and beverage, insurance, and media sectors enhanced returns as significant spread tightening in these sectors in the first half of 2009 led to their strong performance.

•	An underweight in commercial mortgage-backed securities (CMBS) for much of the period was advantageous, particularly in the fourth quarter of 2008 when CMBS spreads widened by a staggering amount. Since the beginning of this year, we have added to this position, bringing it to a near-neutral weighting versus the Index by period end.

•	Over this period the portfolio employed tactical strategies involving interest-rate swaps which were advantageous to performance. These involved trades designed to take advantage of anticipated changes in the relationship between rates on intermediate- and longer-dated swap contracts.

Market Outlook

As expected, the Federal Open Market Committee (FOMC) has left interest rates unchanged since their last reduction in the target federal funds rate in December 2008 and has maintained an accommodative position at each of its meetings this year. The official statement from their August 2009 meeting noted “information received since the Federal Open Market Committee met in June suggests that economic activity is leveling out.” Although economic activity is expected to remain weak for some time, the FOMC anticipates that “policy actions to stabilize financial markets and institutions, fiscal and monetary stimulus, and market forces will contribute to a gradual resumption of sustainable economic growth in a context of price stability.”

We will continue to closely monitor the market and seek to take advantage of emerging opportunities as they develop.

There is no guarantee that any sectors mentioned will continue to perform as discussed herein or that securities in such sectors will be held by the Fund in the future.


Asset Allocation as of 8/31/09 (Unaudited)

Mortgage Backed Securities	37.0	%
Corporate Bonds	29.8
United States Government Agencies & Obligations	23.6
Commercial Mortgage Backed Securities	2.9
Agency Bonds	2.4
Asset Backed Securities	1.2
Foreign Government Obligations	0.5
Municipal Bonds	0.4
CMOs	0.2
Adjustable Rate Mortgage Backed Securities	0.1

Total Long-Term Investments	98.1
Total Short-Term Investments	10.5

Total Investments	108.6
Liabilities in Excess of Other Assets	(8.6	)

Net Assets	100.0	%

Subject to change daily. Provided for informational purposes only and should not be deemed as a recommendation to buy or sell the securities mentioned or securities in the industries shown above. Asset Allocations are a percentage of net assets. Van Kampen is a wholly owned subsidiary of a global securities firm which is engaged in a wide range of financial services including, for example, securities trading and brokerage activities, investment banking, research and analysis, financing and financial advisory services.

For More Information About Portfolio Holdings

Each Van Kampen fund provides a complete schedule of portfolio holdings in its semiannual and annual reports within 60 days of the end of the fund’s second and fourth fiscal quarters. The semiannual reports and the annual reports are filed electronically with the Securities and Exchange Commission (SEC) on Form N-CSRS and Form N-CSR, respectively. Van Kampen also delivers the semiannual and annual reports to fund shareholders, and makes these reports available on its public Web site, www.vankampen.com. In addition to the semiannual and annual reports that Van Kampen delivers to shareholders and makes available through the Van Kampen public Web site, each fund files a complete schedule of portfolio holdings with the SEC for the fund’s first and third fiscal quarters on Form N-Q. Van Kampen does not deliver the reports for the first and third fiscal quarters to shareholders, nor are the reports posted to the Van Kampen public Web site. You may, however, obtain the Form N-Q filings (as well as the Form N-CSR and N-CSRS filings) by accessing the SEC’s Web site, http://www.sec.gov. You may also review and copy them at the SEC’s Public Reference Room in Washington, DC. Information on the operation of the SEC’s Public Reference Room may be obtained by calling the SEC at (800) SEC-0330. You can also request copies of these materials, upon payment of a duplicating fee, by electronic request at the SEC’s email address (publicinfo@sec.gov) or by writing the Public Reference section of the SEC, Washington, DC 20549-0102.

You may obtain copies of a fund’s fiscal quarter filings by contacting Van Kampen Client Relations at (800) 847-2424.

Householding Notice

To reduce Fund expenses, the Fund attempts to eliminate duplicate mailings to the same address. The Fund delivers a single copy of certain shareholder documents to investors who share an address, even if the accounts are registered under different names. The Fund’s prospectuses and shareholder reports (including annual privacy notices) will be delivered to you in this manner indefinitely unless you instruct us otherwise. You can request multiple copies of these documents by either calling (800) 341-2911 or writing to Van Kampen Investor Services at P.O. Box 219286, Kansas City, MO 64121-9286. Once Investor Services has received your instructions, we will begin sending individual copies for each account within 30 days.

Proxy Voting Policy and Procedures and Proxy Voting Record

You may obtain a copy of the Fund’s Proxy Voting Policy and Procedures without charge, upon request, by calling toll free (800) 847-2424 or by visiting our Web site at www.vankampen.com. It is also available on the Securities and Exchange Commission’s Web site at http://www.sec.gov.

You may obtain information regarding how the Fund voted proxies relating to portfolio securities during the most recent twelve-month period ended June 30 without charge by visiting our Web site at www.vankampen.com. This information is also available on the Securities and Exchange Commission’s Web site at http://www.sec.gov.

Expense Example

As a shareholder of the Fund, you incur two types of costs: (1) transaction costs, including sales charges (loads) on purchase payments of Class A Shares and contingent deferred sales charges on redemptions of Class B and C Shares; and (2) ongoing costs, including management fees; distribution and service (12b-1) fees; and other Fund expenses. This example is intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to compare these costs with the ongoing costs of investing in other mutual funds.

The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period 3/1/09 - 8/31/09.

Actual Expense

The first line of the table below provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the first line under the heading entitled “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.

Hypothetical Example for Comparison Purposes

The second line of the table below provides information about hypothetical account values and hypothetical expenses based on the Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund’s actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing cost of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads) or contingent deferred sales charges. Therefore, the second line of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your cost would have been higher.


	Beginning		Ending		Expenses Paid
	Account Value		Account Value		During Period*

	3/1/09		8/31/09		3/1/09-8/31/09

Class A
Actual	$	1,000.00	$	1,079.13	$	3.93
Hypothetical		1,000.00		1,021.42		3.82
(5% annual return before expenses)

Class B
Actual		1,000.00		1,075.63		7.85
Hypothetical		1,000.00		1,017.64		7.63
(5% annual return before expenses)

Class C
Actual		1,000.00		1,074.90		7.53
Hypothetical		1,000.00		1,017.95		7.32
(5% annual return before expenses)

Class I
Actual		1,000.00		1,080.48		2.62
Hypothetical		1,000.00		1,022.68		2.55
(5% annual return before expenses)


*		Expenses are equal to the Fund’s annualized expense ratio of 0.75%, 1.50%, 1.44% and 0.50% for Class A, B, C and I Shares, respectively, multiplied by the average account value over the period, multiplied by 184/365 (to reflect the one-half year period). The expense ratio for Class C Shares reflects actual 12b-1 fees of less than 1%. These expense ratios reflect an expense waiver.

Assumes all dividends and distributions were reinvested.

Investment Advisory Agreement Approval

Both the Investment Company Act of 1940 and the terms of the Fund’s investment advisory agreement require that the investment advisory agreement between the Fund and its investment adviser be approved annually both by a majority of the Board of Trustees and by a majority of the independent trustees voting separately.

At meetings held on April 17, 2009 and May 20-21, 2009, the Board of Trustees, and the independent trustees voting separately, considered and ultimately determined that the terms of the investment advisory agreement are fair and reasonable and approved the continuance of the investment advisory agreement as being in the best interests of the Fund and its shareholders. In making its determination, the Board of Trustees considered materials that were specifically prepared by the investment adviser at the request of the Board and Fund counsel, and by an independent provider of investment company data contracted to assist the Board, relating to the investment advisory agreement review process. The Board also considered information received periodically about the portfolio, performance, the investment strategy, portfolio management team and fees and expenses of the Fund. The Board of Trustees considered the investment advisory agreement over a period of several months and the trustees held sessions both with the investment adviser and separate from the investment adviser in reviewing and considering the investment advisory agreement.

In approving the investment advisory agreement, the Board of Trustees considered, among other things, the nature, extent and quality of the services provided by the investment adviser, the performance, fees and expenses of the Fund compared to other similar funds and other products, the investment adviser’s expenses in providing the services and the profitability of the investment adviser and its affiliated companies. The Board of Trustees considered the extent to which any economies of scale experienced by the investment adviser are shared with the Fund’s shareholders, and the propriety of existing and alternative breakpoints in the Fund’s investment advisory fee schedule. The Board of Trustees considered comparative advisory fees of the Fund and other investment companies and/or other products at different asset levels, and considered the trends in the industry versus historical and projected assets of the Fund. The Board of Trustees evaluated other benefits the investment adviser and its affiliates derive from their relationship with the Fund. The Board of Trustees reviewed information about the foregoing factors and considered changes, if any, in such information since its previous approval. The Board of Trustees discussed the financial strength of the investment adviser and its affiliated companies and the capability of the personnel of the investment adviser, and specifically the strength and background of its portfolio management personnel. The Board of Trustees reviewed the statutory and regulatory requirements for approval and disclosure of investment advisory agreements. The Board of Trustees, including the independent trustees, evaluated all of the foregoing and does not believe any single factor or group of factors control or dominate the review process, and, after considering all factors together, has determined, in the exercise of its business judgment, that approval of the investment advisory agreement is in the best interests of the Fund

and its shareholders. The following summary provides more detail on certain matters considered but does not detail all matters considered.

Nature, Extent and Quality of the Services Provided. On a regular basis, the Board of Trustees considers the roles and responsibilities of the investment adviser as a whole and those specific to portfolio management, support and trading functions servicing the Fund. The trustees discuss with the investment adviser the resources available and used in managing the Fund and changes made in the Fund’s portfolio management team and portfolio management strategy over time. The Fund discloses information about its portfolio management team members and their experience in its prospectus. The trustees also discuss certain other services which are provided on a cost-reimbursement basis by the investment adviser or its affiliates to the Van Kampen funds including certain accounting, administrative and legal services. The Board has determined that the nature, extent and quality of the services provided by the investment adviser support its decision to approve the investment advisory agreement.

Performance, Fees and Expenses of the Fund. On a regular basis, the Board of Trustees reviews the performance, fees and expenses of the Fund compared to its peers and to appropriate benchmarks. In addition, the Board spends more focused time on the performance of the Fund and other funds in the Van Kampen complex, paying specific attention to underperforming funds. The trustees discuss with the investment adviser the performance goals and the actual results achieved in managing the Fund. When considering a fund’s performance, the trustees and the investment adviser place emphasis on trends and longer-term returns (focusing on one-year, three-year and five-year performance with special attention to three-year performance) and, when a fund’s weighted performance is under the fund’s benchmark or peers, they discuss the causes and where necessary seek to make specific changes to investment strategy or investment personnel. The Fund discloses more information about its performance elsewhere in this report and in the Fund’s prospectus. The trustees discuss with the investment adviser the level of advisory fees for this Fund relative to comparable funds and other products advised by the adviser and others in the marketplace. The trustees review not only the advisory fees but other fees and expenses (whether paid to the adviser, its affiliates or others) and the Fund’s overall expense ratio. The Fund discloses more information about its fees and expenses in its prospectus. The Board has determined that the performance, fees and expenses of the Fund support its decision to approve the investment advisory agreement.

Investment Adviser’s Expenses in Providing the Service and Profitability. At least annually, the trustees review the investment adviser’s expenses in providing services to the Fund and other funds advised by the investment adviser and the profitability of the investment adviser. These profitability reports are put together by the investment adviser with the oversight of the Board. The trustees discuss with the investment adviser its revenues and expenses, including, among other things, revenues for advisory services, portfolio management-related expenses, revenue sharing arrangement costs and allocated expenses both on an aggregate basis and per fund. The Board has determined that the analysis of the investment adviser’s

expenses and profitability support its decision to approve the investment advisory agreement.

Economies of Scale. On a regular basis, the Board of Trustees considers the size and growth prospects of the Fund and how that relates to the Fund’s expense ratio and particularly the Fund’s advisory fee rate. In conjunction with its review of the investment adviser’s profitability, the trustees discuss with the investment adviser how more (or less) assets can affect the efficiency or effectiveness of managing the Fund’s portfolio and whether the advisory fee level is appropriate relative to current and projected asset levels and/or whether the advisory fee structure reflects economies of scale as asset levels change. The Board has determined that its review of the actual and potential economies of scale of the Fund support its decision to approve the investment advisory agreement.

Other Benefits of the Relationship. On a regular basis, the Board of Trustees considers other benefits to the investment adviser and its affiliates derived from the investment adviser’s relationship with the Fund and other funds advised by the investment adviser. These benefits include, among other things, fees for transfer agency services provided to the funds, in certain cases research received by the adviser generated from commission dollars spent on funds’ portfolio trading, and in certain cases distribution or service related fees related to funds’ sales. The trustees review with the investment adviser each of these arrangements and the reasonableness of its costs relative to the services performed. The Board has determined that the other benefits received by the investment adviser or its affiliates support its decision to approve the investment advisory agreement.

Van Kampen Core Plus Fixed Income Fund

Portfolio of Investments n August 31, 2009


Par
Amount
(000)		Description	Coupon			Maturity	Value


		Mortgage Backed Securities 37.0%
$	1,075	Federal Home Loan Mortgage Corp., September (a)		4.500	%	TBA	$	1,080,375
	5,024	Federal Home Loan Mortgage Corp.		5.000		10/01/35 to 08/01/39		5,174,257
	13,163	Federal Home Loan Mortgage Corp.		5.500		01/01/36 to 11/01/37		13,741,826
	5,350	Federal Home Loan Mortgage Corp., September (a)		6.500		TBA		5,693,572
	759	Federal Home Loan Mortgage Corp.		7.500		01/01/30 to 10/01/32		848,643
	263	Federal Home Loan Mortgage Corp.		8.000		01/01/31		297,845
	154	Federal Home Loan Mortgage Corp.		8.500		06/01/30		176,558
	20	Federal Home Loan Mortgage Corp.		9.000		01/01/30		23,317
	20	Federal Home Loan Mortgage Corp.		9.500		12/01/22		22,141
	21	Federal Home Loan Mortgage Corp.		10.000		12/01/19		23,695
	39	Federal Home Loan Mortgage Corp.		10.500		12/01/19		44,194
	2,644	Federal National Mortgage Association		4.500		08/01/39		2,662,876
	6,775	Federal National Mortgage Association, September (a)		4.500		TBA		6,866,150
	8,992	Federal National Mortgage Association		5.000		05/01/36 to 03/01/39		9,249,753
	4,875	Federal National Mortgage Association, September (a)		5.000		TBA		5,003,729
	16,531	Federal National Mortgage Association		5.500		04/01/37 to 08/01/38		17,266,108
	12,294	Federal National Mortgage Association		6.000		07/01/37 to 11/01/38		12,954,554
	10,950	Federal National Mortgage Association, September (a)		6.000		TBA		11,523,167
	370	Federal National Mortgage Association		6.500		12/01/31 to 10/01/32		399,411
	1,150	Federal National Mortgage Association, September (a)		6.500		TBA		1,229,962
	10	Federal National Mortgage Association		7.000		07/01/29 to 06/01/32		10,949
	614	Federal National Mortgage Association		7.500		03/01/21 to 08/01/32		684,304
	400	Federal National Mortgage Association		8.000		01/01/30 to 06/01/32		452,447
	467	Federal National Mortgage Association		8.500		06/01/30 to 01/01/31		533,723
	12	Federal National Mortgage Association		9.000		08/01/25		13,405
	192	Federal National Mortgage Association		9.500		07/01/16 to 04/01/30		211,216
	75	Federal National Mortgage Association		10.000		10/01/18		83,179
	81	Federal National Mortgage Association		10.500		03/01/18 to 03/01/21		92,419
	2,525	Government National Mortgage Association, September (a)		4.500		TBA		2,546,306
	180	Government National Mortgage Association		8.000		01/15/26 to 11/15/29		204,701
	21	Government National Mortgage Association		8.500		08/15/26		24,270
	48	Government National Mortgage Association		9.000		07/15/24 to 10/15/24		55,659
	30	Government National Mortgage Association		10.000		04/15/16		32,769

		Total Mortgage Backed Securities 37.0%						99,227,480


		Corporate Bonds 29.8% Aerospace & Defense 0.2%
	250	Boeing Co.		4.875		02/15/20		253,459
	220	Boeing Co.		6.000		03/15/19		243,104

See Notes to Financial Statements

Van Kampen Core Plus Fixed Income Fund
Portfolio of Investments n August 31, 2009 continued


Par
Amount
(000)		Description	Coupon			Maturity	Value


		Aerospace & Defense (Continued)
$	63	Systems 2001 Asset Trust LLC, Ser C (Cayman Islands) (b)		6.664	%	09/15/13	$	61,982

								558,545

		Automotive 0.2%
	250	Daimler Finance North America LLC		7.300		01/15/12		268,366
	60	DaimlerChrysler NA Holding LLC		8.500		01/18/31		71,362
	170	Harley-Davidson Funding Corp., Sec C (b)		6.800		06/15/18		161,310

								501,038

		Banking 5.3%
	230	American Express Co.		8.125		05/20/19		257,841
	130	Bank of America Corp., Ser L		5.650		05/01/18		125,914
	1,360	Bank of America Corp.		5.750		12/01/17		1,325,064
	220	Bank of America Corp.		7.625		06/01/19		242,644
	315	Bank of New York Mellon Corp.		4.500		04/01/13		333,058
	365	Bank of New York Mellon Corp.		5.125		08/27/13		393,089
	650	Barclays Bank PLC (United Kingdom)		6.750		05/22/19		713,494
	345	BB&T Corp.		6.850		04/30/19		376,052
	145	Capital One Financial Corp.		7.375		05/23/14		158,331
	205	Citigroup, Inc.		5.875		05/29/37		164,023
	330	Citigroup, Inc.		6.125		05/15/18		310,792
	50	Citigroup, Inc.		8.125		07/15/39		51,541
	635	Citigroup, Inc.		8.500		05/22/19		695,270
	120	Credit Suisse First Boston USA, Inc.		5.125		08/15/15		125,032
	575	Credit Suisse New York (Switzerland)		5.300		08/13/19		582,903
	535	Deutsche Bank AG London (Germany)		3.875		08/18/14		538,459
	70	Goldman Sachs Group, Inc.		3.625		08/01/12		71,477
	2,120	Goldman Sachs Group, Inc.		6.150		04/01/18		2,241,567
	360	HBOS PLC (United Kingdom) (b)		6.750		05/21/18		300,700
	1,130	JPMorgan Chase & Co.		4.750		05/01/13		1,196,537
	620	JPMorgan Chase & Co.		6.000		01/15/18		667,412
	190	JPMorgan Chase & Co.		6.300		04/23/19		208,674
	160	Nationwide Building Society (United Kingdom) (b)		4.250		02/01/10		160,041
	330	PNC Funding Corp.		6.700		06/10/19		362,130
	265	Royal Bank of Scotland PLC (United Kingdom) (b)		4.875		08/25/14		265,693
	200	UBS AG Stamford Branch (Switzerland)		5.875		12/20/17		198,490
	215	Wachovia Corp.		5.500		05/01/13		228,626
	1,375	Wells Fargo & Co.		5.625		12/11/17		1,443,069
	405	Westpac Banking Corp. (Australia)		4.200		02/27/15		408,057

								14,145,980

		Brokerage 0.6%
	115	Bear Stearns Co., Inc.		5.550		01/22/17		116,482
	305	Bear Stearns Co., Inc.		7.250		02/01/18		348,370
	135	Credit Suisse New York (Switzerland)		5.000		05/15/13		143,442
	155	Credit Suisse New York (Switzerland)		6.000		02/15/18		159,678

See Notes to Financial Statements

Van Kampen Core Plus Fixed Income Fund
Portfolio of Investments n August 31, 2009 continued


Par
Amount
(000)		Description	Coupon			Maturity	Value


		Brokerage (Continued)
$	215	Merrill Lynch & Co., Inc.		6.110	%	01/29/37	$	185,769
	580	Merrill Lynch & Co., Inc.		6.875		04/25/18		593,186

								1,546,927

		Building Materials 0.2%
	420	CRH America, Inc.		6.000		09/30/16		412,855


		Cable 0.1%
	375	DirecTV Holdings LLC		7.625		05/15/16		396,563


		Chemicals 0.3%
	230	E.I. Du Pont de Nemours & Co.		6.000		07/15/18		255,425
	305	Potash Corp. of Saskatchewan, Inc. (Canada)		5.875		12/01/36		306,042
	140	Potash Corp. of Saskatchewan, Inc. (Canada)		6.500		05/15/19		155,336

								716,803

		Construction Machinery 0.1%
	115	Caterpillar Financial Services Corp.		4.900		08/15/13		119,444
	270	John Deere Capital Corp.		5.750		09/10/18		293,191

								412,635

		Consumer Products 0.3%
	460	Philips Electronics NV (Netherlands)		5.750		03/11/18		484,479
	110	Procter & Gamble Co.		4.700		02/15/19		114,779
	140	Proctor & Gamble Co.		4.600		01/15/14		150,472

								749,730

		Diversified Manufacturing 0.9%
	70	Brookfield Asset Management, Inc. (Canada)		5.800		04/25/17		58,564
	85	Cooper Industries, Inc.		5.250		11/15/12		92,671
	175	Emerson Electric Co.		4.875		10/15/19		183,103
	125	Emerson Electric Co.		5.000		04/15/19		131,575
	1,425	General Electric Co.		5.250		12/06/17		1,457,322
	270	Honeywell International, Inc.		5.300		03/01/18		289,540
	210	Parker Hannifin Corp.		5.500		05/15/18		220,658

								2,433,433

		Electric 2.2%
	150	Alabama Power Co., Ser 2008B		5.800		11/15/13		165,733
	35	Detroit Edison Co.		6.125		10/01/10		36,281
	575	Electricite de France SA (France) (b)		6.500		01/26/19		657,752
	725	E.ON International Finance BV (Netherlands) (b)		5.800		04/30/18		774,441
	105	FirstEnergy Solutions Corp. (b)		6.050		08/15/21		106,369
	245	FPL Group Capital, Inc.		6.000		03/01/19		270,630
	105	Georgia Power Co.		6.000		11/01/13		117,166
	350	NiSource Finance Corp. (c)		0.976		11/23/09		348,178
	180	NiSource Finance Corp.		6.800		01/15/19		182,859
	375	Ohio Edison Co.		6.400		07/15/16		407,984
	70	Pacificorp		5.500		01/15/19		75,989
	320	Peco Energy Co.		5.350		03/01/18		338,424

See Notes to Financial Statements

Van Kampen Core Plus Fixed Income Fund
Portfolio of Investments n August 31, 2009 continued


Par
Amount
(000)		Description	Coupon			Maturity	Value


		Electric (Continued)
$	190	PPL Energy Supply LLC		6.300	%	07/15/13	$	202,939
	315	PPL Energy Supply LLC		6.500		05/01/18		332,536
	120	Progress Energy Carolina		5.300		01/15/19		128,439
	275	Progress Energy, Inc.		7.050		03/15/19		317,873
	60	Public Service Co. of Colorado		5.800		08/01/18		66,246
	255	Public Service Co. of Colorado		6.500		08/01/38		303,893
	75	Southern Co.		4.150		05/15/14		77,208
	245	Union Electric Co.		6.700		02/01/19		271,562
	475	Virginia Electric & Power Co.		8.875		11/15/38		661,264

								5,843,766

		Energy 0.1%
	185	Pioneer Natural Resources Co.		6.650		03/15/17		170,512


		Entertainment 0.1%
	330	Time Warner, Inc.		7.700		05/01/32		366,945


		Financial 0.1%
	255	NYSE Euronext		4.800		06/28/13		267,815


		Food/Beverage 1.7%
	125	Anheuser-Busch InBev Worldwide, Inc. (b)		5.375		11/15/14		133,283
	350	Anheuser-Busch InBev Worldwide, Inc. (b)		7.200		01/15/14		393,474
	255	Archer-Daniels-Midland Co.		5.450		03/15/18		274,343
	40	Archer-Daniels-Midland Co.		6.450		01/15/38		45,392
	240	Bunge Ltd. Finance Corp.		8.500		06/15/19		271,170
	135	ConAgra Foods, Inc.		7.000		10/01/28		147,694
	400	ConAgra Foods, Inc.		8.250		09/15/30		498,092
	165	Constellation Brands, Inc.		7.250		09/01/16		160,463
	305	Diageo Capital PLC (United Kingdom)		5.750		10/23/17		333,095
	250	Diageo Capital PLC (United Kingdom)		7.375		01/15/14		289,076
	285	Dr. Pepper Snapple Group, Inc.		6.820		05/01/18		318,422
	390	FBG Finance Ltd. (Australia) (b)		5.125		06/15/15		399,968
	370	General Mills, Inc.		5.650		02/15/19		400,526
	755	Kraft Foods, Inc.		6.125		08/23/18		831,560
	70	Kraft Foods, Inc.		6.750		02/19/14		79,521
	70	Kraft Foods, Inc.		7.000		08/11/37		81,277

								4,657,356

		Forest Products 0.0%
	130	Georgia-Pacific LLC (b)		8.250		05/01/16		131,950


		Gaming & Leisure 0.2%
	390	MGM Mirage, Inc. (b)		13.000		11/15/13		436,800


		Health Care 0.5%
	110	Baxter International, Inc.		5.375		06/01/18		118,743
	300	HCA, Inc. (b)		8.500		04/15/19		305,250

See Notes to Financial Statements

Van Kampen Core Plus Fixed Income Fund
Portfolio of Investments n August 31, 2009 continued


Par
Amount
(000)		Description	Coupon			Maturity	Value


		Health Care (Continued)
$	130	Hospira, Inc.		6.400	%	05/15/15	$	142,012
	405	Medco Health Solutions, Inc.		7.125		03/15/18		457,426
	305	UnitedHealth Group, Inc.		6.000		02/15/18		310,546

								1,333,977

		Independent Energy 0.7%
	180	Apache Corp.		6.900		09/15/18		212,874
	320	Devon Financing Corp., ULC (Canada)		7.875		09/30/31		395,358
	330	Encana Corp. (Canada)		5.900		12/01/17		356,172
	95	EnCana Corp. (Canada)		6.500		05/15/19		105,253
	100	Gaz Capital SA (Luxembourg) (b)		6.510		03/07/22		82,375
	380	Questar Market Resources, Inc.		6.800		04/01/18		388,046
	320	XTO Energy, Inc.		5.500		06/15/18		330,202
	135	XTO Energy, Inc.		6.500		12/15/18		148,878

								2,019,158

		Integrated Energy 0.3%
	370	ConocoPhillips		5.200		05/15/18		391,866
	200	ConocoPhillips		5.750		02/01/19		219,402
	220	Consumers Energy Co., Ser F		4.000		05/15/10		223,572

								834,840

		Life Insurance 0.8%
	260	Ace INA Holdings, Inc.		5.900		06/15/19		280,572
	115	MetLife, Inc.		6.750		06/01/16		125,970
	275	MetLife, Inc., Ser A		6.817		08/15/18		304,331
	260	MetLife, Inc., Ser B		7.717		02/15/19		304,648
	25	Platinum Underwriters Finance, Inc., Ser B		7.500		06/01/17		23,210
	295	Principal Financial Group, Inc.		8.875		05/15/19		338,320
	140	Prudential Financial, Inc.		6.625		12/01/37		136,837
	130	Prudential Financial, Inc.		7.375		06/15/19		141,534
	430	Xlliac Global Funding (b)		4.800		08/10/10		427,331

								2,082,753

		Managed Health Care 0.0%
	130	WellPoint, Inc.		7.000		02/15/19		143,964


		Media-Cable 1.1%
	515	Comcast Corp.		5.700		05/15/18		544,755
	20	Comcast Corp.		6.500		01/15/15		22,173
	650	COX Communications, Inc. (b)		8.375		03/01/39		808,568
	315	CSC Holdings, Inc.		7.625		07/15/18		303,188
	220	Time Warner Cable, Inc.		6.750		06/15/39		236,039
	255	Time Warner Cable, Inc.		8.250		04/01/19		306,739
	340	Time Warner Cable, Inc.		8.750		02/14/19		419,253
	285	Time Warner, Inc.		5.875		11/15/16		298,216

								2,938,931

		Media-Noncable 1.0%
	105	Grupo Televisa SA (Mexico)		6.000		05/15/18		106,855
	575	News America, Inc.		7.850		03/01/39		673,756

See Notes to Financial Statements

Van Kampen Core Plus Fixed Income Fund
Portfolio of Investments n August 31, 2009 continued


Par
Amount
(000)		Description	Coupon			Maturity	Value


		Media-Noncable (Continued)
$	440	Omnicom Group, Inc.		6.250	%	07/15/19	$	467,397
	130	Pearson Dollar Finance Two PLC (United Kingdom) (b)		6.250		05/06/18		135,044
	140	Viacom, Inc.		5.625		09/15/19		141,591
	375	Viacom, Inc.		6.875		04/30/36		397,149
	320	Vivendi (France) (b)		6.625		04/04/18		335,959
	365	WPP Finance (United Kingdom)		8.000		09/15/14		400,192

								2,657,943

		Metals 0.7%
	425	ArcelorMittal (Luxembourg)		6.125		06/01/18		407,454
	724	ArcelorMittal (Luxembourg)		9.850		06/01/19		828,315
	170	Rio Tinto Finance USA Ltd. (Australia)		6.500		07/15/18		183,323
	30	Rio Tinto Finance USA, Ltd. (Australia)		9.000		05/01/19		35,994
	460	Teck Resources, Ltd. (Canada)		10.250		05/15/16		510,600

								1,965,686

		Noncaptive-Consumer Finance 1.1%
	425	American Express Credit Corp., Ser C		7.300		08/20/13		466,244
	1,190	General Electric Capital Corp.		5.625		05/01/18		1,186,970
	1,040	HSBC Finance Corp.		5.500		01/19/16		1,050,610
	15	HSBC Finance Corp.		6.375		10/15/11		15,636
	115	HSBC Finance Corp.		8.000		07/15/10		120,670
	40	SLM Corp.		4.000		01/15/10		39,297

								2,879,427

		Non-US Agency 0.2%
	460	KFW (Germany)		4.875		06/17/19		497,503


		Oil Field Services 0.5%
	575	Chesapeake Energy Corp.		6.875		01/15/16		530,437
	280	El Paso Corp.		8.250		02/15/16		284,200
	315	Transocean, Inc. (Cayman Islands)		6.000		03/15/18		336,072
	170	Weatherford International Ltd. (Switzerland)		6.000		03/15/18		173,692

								1,324,401

		Paper 0.1%
	265	International Paper Co.		7.500		08/15/21		269,048


		Pharmaceuticals 1.9%
	205	Amgen, Inc.		5.700		02/01/19		225,928
	400	Amgen, Inc.		5.850		06/01/17		442,446
	135	AstraZeneca PLC (United Kingdom)		6.450		09/15/37		159,327
	425	Biogen Idec, Inc.		6.875		03/01/18		464,987
	255	GlaxoSmithKline Capital, Inc.		5.650		05/15/18		278,684
	135	Hospira, Inc. (c)		1.077		03/30/10		134,697
	505	Merck & Co., Inc.		5.000		06/30/19		534,860
	440	Novartis Capital Corp.		4.125		02/10/14		461,997
	830	Pfizer, Inc.		6.200		03/15/19		940,112
	795	Roche Holdings, Inc. (b)		6.000		03/01/19		881,455

See Notes to Financial Statements

Van Kampen Core Plus Fixed Income Fund
Portfolio of Investments n August 31, 2009 continued


Par
Amount
(000)		Description	Coupon			Maturity	Value


		Pharmaceuticals (Continued)
$	375	Watson Pharmaceuticals, Inc.		6.125	%	08/15/19	$	386,259
	30	Wyeth		5.450		04/01/17		32,460
	70	Wyeth		5.500		02/15/16		75,477
	150	Wyeth		6.450		02/01/24		169,741

								5,188,430

		Pipelines 0.9%
	105	CenterPoint Energy Resources Corp.		6.250		02/01/37		99,614
	70	CenterPoint Energy Resources Corp.		7.875		04/01/13		78,720
	119	Colorado Interstate Gas Co.		6.800		11/15/15		131,614
	420	Enterprise Products Operating LLC		6.500		01/31/19		458,073
	700	Kinder Morgan Finance Co. (Canada)		5.700		01/05/16		644,000
	440	Plains All American Pipeline LP		6.700		05/15/36		458,176
	185	Plains All American Pipeline, LP		8.750		05/01/19		223,454
	255	Texas Eastern Transmission LP		7.000		07/15/32		284,598

								2,378,249

		Property & Casualty Insurance 0.9%
	180	Ace INA Holdings, Inc.		5.600		05/15/15		193,001
	730	AIG SunAmerica Global Financing VI (b)		6.300		05/10/11		714,050
	240	Allstate Corp.		7.450		05/16/19		277,776
	480	Berkshire Hathaway Finance Corp.		5.400		05/15/18		513,564
	100	Farmers Exchange Capital (b)		7.050		07/15/28		80,795
	185	Travelers Cos., Inc.		5.800		05/15/18		201,142
	315	Travelers Cos., Inc.		5.900		06/02/19		347,566

								2,327,894

		Railroads 0.4%
	115	Canadian National Railway Co. (Canada)		5.550		05/15/18		124,328
	100	CSX Corp.		7.375		02/01/19		116,221
	265	Norfolk Southern Corp. (b)		5.750		01/15/16		283,114
	330	Union Pacific Corp.		6.125		02/15/20		365,221
	220	Union Pacific Corp.		7.875		01/15/19		268,026

								1,156,910

		REITS 0.3%
	250	Simon Property Group, LP		6.750		05/15/14		268,154
	500	WEA Finance LLC (a) (b)		6.750		09/02/19		493,372

								761,526

		Restaurants 0.2%
	240	Yum! Brands, Inc.		6.250		03/15/18		260,194
	300	Yum! Brands, Inc.		6.875		11/15/37		326,573

								586,767

		Retailers 0.7%
	270	CVS Caremark Corp.		6.600		03/15/19		306,272
	42	CVS Pass-Through Trust		6.036		12/10/28		39,898
	295	CVS Pass-Through Trust (b)		8.353		07/10/31		315,770
	435	Home Depot, Inc.		5.400		03/01/16		450,644
	510	Wal-Mart Stores, Inc.		4.125		02/01/19		510,006

See Notes to Financial Statements

Van Kampen Core Plus Fixed Income Fund
Portfolio of Investments n August 31, 2009 continued


Par
Amount
(000)		Description	Coupon			Maturity	Value


		Retailers (Continued)
$	200	Wal-Mart Stores, Inc.		4.250	%	04/15/13	$	213,200
	65	Wal-Mart Stores, Inc.		5.800		02/15/18		72,738

								1,908,528

		Services 0.1%
	270	Case New Holland, Inc. (b)		7.750		09/01/13		267,300


		Software 0.1%
	205	Microsoft Corp.		4.200		06/01/19		210,016


		Supermarkets 0.3%
	105	Delhaize America, Inc.		9.000		04/15/31		135,900
	335	Delhaize Group (Belgium)		5.875		02/01/14		357,158
	115	Kroger Co.		5.000		04/15/13		120,466
	165	Kroger Co.		6.400		08/15/17		182,601

								796,125

		Technology 0.9%
	395	Cisco Systems, Inc.		4.950		02/15/19		413,039
	95	Cisco Systems, Inc.		5.900		02/15/39		101,888
	215	Corning, Inc.		6.625		05/15/19		232,888
	265	Fiserv, Inc.		6.800		11/20/17		289,783
	335	Hewlett-Packard Co.		4.750		06/02/14		358,982
	120	Hewlett-Packard Co.		5.500		03/01/18		130,468
	200	IBM Corp.		7.625		10/15/18		245,882
	125	IBM Corp.		8.000		10/15/38		175,382
	265	KLA Instruments Corp.		6.900		05/01/18		271,465
	90	LG Electronics, Inc. (South Korea) (b)		5.000		06/17/10		90,547
	165	Xerox Corp.		6.350		05/15/18		169,121

								2,479,445

		Tobacco 0.5%
	235	Altria Group, Inc.		9.250		08/06/19		284,109
	315	BAT International Finance PLC (United Kingdom) (b)		9.500		11/15/18		402,973
	345	Philip Morris International, Inc.		5.650		05/16/18		367,529
	300	Reynolds American, Inc.		6.500		07/15/10		309,150

								1,363,761

		Utility 0.3%
	395	AES Corp. (b)		8.750		05/15/13		402,900
	295	NRG Energy, Inc.		8.500		06/15/19		288,362

								691,262

		Wireless 0.5%
	350	Intelsat Subsidiary Holding Co., Ltd. (Bermuda)		8.500		01/15/13		354,375
	310	SBA Telecommunications, Inc. (b)		8.250		08/15/19		313,100
	310	Verizon Wireless Capital LLC (b)		5.550		02/01/14		335,559
	275	Vodafone Group PLC (United Kingdom)		5.625		02/27/17		290,429

								1,293,463

See Notes to Financial Statements

Van Kampen Core Plus Fixed Income Fund
Portfolio of Investments n August 31, 2009 continued


Par
Amount
(000)		Description	Coupon			Maturity	Value


		Wireline 2.2%
$	590	AT&T Corp.		8.000	%	11/15/31	$	734,575
	120	AT&T, Inc.		5.600		05/15/18		126,963
	365	AT&T, Inc.		6.300		01/15/38		384,490
	265	Deutsche Telekom International Finance BV (Netherlands)		6.000		07/08/19		286,976
	205	Deutsche Telekom International Finance BV (Netherlands)		8.750		06/15/30		273,546
	195	France Telecom SA (France)		8.500		03/01/31		264,900
	110	Qwest Corp.		6.500		06/01/17		101,750
	270	Qwest Corp.		6.875		09/15/33		211,950
	65	Telecom Italia Capital (Luxembourg)		4.875		10/01/10		66,662
	335	Telecom Italia Capital (Luxembourg)		4.950		09/30/14		346,134
	460	Telecom Italia Capital SA (Luxembourg)		6.999		06/04/18		506,470
	165	Telecom Italia Capital SA (Luxembourg)		7.175		06/18/19		184,022
	715	Telefonica Europe BV (Netherlands)		8.250		09/15/30		937,928
	410	Verizon Communications, Inc.		5.500		02/15/18		431,303
	535	Verizon Communications, Inc.		6.350		04/01/19		595,182
	275	Verizon Communications, Inc.		8.950		03/01/39		375,450

								5,828,301

		Total Corporate Bonds 29.8%						79,935,261


		United States Government Agencies & Obligations 23.6%
	2,251	Federal Home Loan Mortgage Corp. (REMIC) (c)		0.773		07/15/28		2,228,556
	2,740	Federal Home Loan Mortgage Corp.		5.500		08/23/17		3,085,892
	1,080	Federal Home Loan Mortgage Corp.		6.250		07/15/32		1,303,793
	3,000	Federal National Mortgage Association		2.500		05/15/14		2,986,716
	152	Federal National Mortgage Association (REMIC) (e)		6.000		07/25/33		17,746
	63	Federal National Mortgage Association (REMIC) (e)		7.000		05/25/33		9,738
	2,705	United States Treasury Bond		3.500		02/15/39		2,390,546
	5,750	United States Treasury Bond		4.250		05/15/39		5,815,590
	3,540	United States Treasury Bond		6.250		08/15/23		4,381,858
	9,335	United States Treasury Bond (STRIPS)		0.000		11/15/19		6,279,449
	7,015	United States Treasury Bond (STRIPS)		0.000		11/15/21		4,204,616
	5,615	United States Treasury Bond (STRIPS)		0.000		11/15/21		3,353,048
	1,950	United States Treasury Bond		7.875		02/15/21		2,680,642
	5,680	United States Treasury Bond		8.750		05/15/20		8,207,600
	3,000	United States Treasury Notes		0.875		05/31/11		3,003,870
	3,000	United States Treasury Notes		1.000		07/31/11		3,000,127
	5,000	United States Treasury Notes		1.125		06/30/11		5,023,830
	1,010	United States Treasury Notes		1.750		03/31/14		989,170
	4,300	United States Treasury Notes		2.625		07/31/14		4,352,408

		Total United States Government Agencies & Obligations 23.6%						63,315,195

See Notes to Financial Statements

Van Kampen Core Plus Fixed Income Fund
Portfolio of Investments n August 31, 2009 continued


Par
Amount
(000)		Description	Coupon			Maturity	Value



		Commercial Mortgage Backed Securities 2.9%
$	1,200	Banc of America Commercial Mortgage, Inc. (d)		5.935	%	02/10/51	$	1,004,484
	525	Citigroup Commercial Mortgage Trust		5.431		10/15/49		474,088
	680	Citigroup Commercial Mortgage Trust (d)		5.888		12/10/49		592,865
	625	Citigroup Commercial Mortgage Trust (d)		5.916		03/15/49		584,935
	570	Citigroup Commercial Mortgage Trust (d)		6.299		12/10/49		504,934
	600	Commercial Mortgage Pass-Through Certificates (d)		5.816		12/10/49		528,974
	1,375	Greenwich Capital Commercial Funding Corp.		5.444		03/10/39		1,176,678
	575	JP Morgan Chase Commercial Mortgage Securities Corp. (d)		6.006		06/15/49		487,846
	845	LB–UBS Commercial Mortgage Trust		5.156		02/15/31		762,013
	1,175	LB–UBS Commercial Mortgage Trust		5.372		09/15/39		1,023,613
	625	LB–UBS Commercial Mortgage Trust (d)		5.866		09/15/45		515,771

		Total Commercial Mortgage Backed Securities 2.9%						7,656,201


		Agency Bonds 2.4% Banking—FDIC Guaranteed
	6,350	GMAC, Inc.		2.200		12/19/12		6,404,185


		Asset Backed Securities 1.2%
	187	Capital Auto Receivables Asset Trust (c)		0.283		04/15/11		187,095
	223	Capital Auto Receivables Asset Trust (c)		0.333		07/15/10		222,617
	159	Capital Auto Receivables Asset Trust (c)		0.333		05/15/11		158,594
	4	Carrington Mortgage Loan Trust (c)		0.336		10/25/36		3,751
	1,341	Chrysler Financial Auto Securitization Trust		1.012		07/15/10		1,341,963
	52	Countrywide Asset-Backed Certificates (c)		0.466		07/25/34		37,353
	364	Countrywide Asset-Backed Certificates (c)		0.656		11/25/34		277,890
	361	Countrywide Asset-Backed Certificates (c)		0.946		06/25/33		248,665
	157	Ford Credit Auto Owner Trust (c)		0.873		07/15/10		156,673
	578	Provident Bank Home Equity Loan Trust (c)		0.806		08/25/31		236,887
	75	Renaissance Home Equity Loan Trust (c)		0.376		06/25/37		69,282
	13	Residential Asset Mortgage Products, Inc. (c)		0.356		10/25/36		12,729
	122	SLM Student Loan Trust (c)		0.494		10/27/14		121,788
	42	Specialty Underwriting & Residential Finance (c)		0.536		05/25/35		28,806
	72	Structured Asset Investment Loan Trust (c)		1.006		11/25/33		49,860

		Total Asset Backed Securities 1.2%						3,153,953

See Notes to Financial Statements

Van Kampen Core Plus Fixed Income Fund
Portfolio of Investments n August 31, 2009 continued


Par
Amount
(000)		Description	Coupon			Maturity	Value



		Foreign Government Obligations 0.5%
$	810	Brazilian Government International Bond (Brazil)		6.000	%	01/17/17	$	850,500
	135	Korea Railroad Corp. (Republic of Korea (South Korea)) (b)		5.375		05/15/13		137,593
	304	Mexico Government International Bond (Mexico)		5.625		01/15/17		309,320

		Total Foreign Government Obligations 0.5%						1,297,413


		Municipal Bonds 0.4% California 0.3%
	630	California St Taxable Var Purp 3		5.950		04/01/16		665,652


		Illinois 0.1%
	345	Illinois St Toll Hwy Auth Toll Hwy Rev Build America Bonds Direct Pmt Taxable Sr Priority		6.184		01/01/34		378,875

		Total Municipal Bonds 0.4%						1,044,527


		Collateralized Mortgage Obligations 0.2%
	72	American Home Mortgage Assets (c)		0.576		10/25/46		9,143
	728	Countrywide Alternative Loan Trust (c)		0.536		12/25/46		104,368
	531	Countrywide Alternative Loan Trust (c)		0.633		03/20/46		72,531
	94	Countrywide Home Loans (c)		0.536		04/25/35		45,669
	86	Harborview Mortgage Loan Trust (c)		0.723		06/20/35		40,542
	700	MASTR Adjustable Rate Mortgages Trust (c)		2.150		04/25/46		126,778
	71	Structured Asset Mortgage Investments, Inc. (c)		0.546		07/25/46		12,391
	225	Washington Mutual Mortgage Pass-Through Certificates (c)		0.616		06/25/46		40,399

		Total Collateralized Mortgage Obligations 0.2%						451,821


		Adjustable Rate Mortgage Backed Securities 0.1%
	181	Government National Mortgage Association II (c)		4.375		01/20/25 to 06/20/25		185,567

		Total Long-Term Investments 98.1% (Cost $255,411,157)						262,671,603

Short-Term Investments 10.5% Repurchase Agreements 3.3%
Banc of America Securities ($5,352,408 par collateralized by U.S. Government obligations in a pooled cash account, interest rate of 0.20%, dated 08/31/09, to be sold on 09/01/09 at $5,352,438)								5,352,408
JPMorgan Chase & Co. ($3,367,275 par collateralized by U.S. Government obligations in a pooled cash account, interest rate of 0.20%, dated 08/31/09, to be sold on 09/01/09 at $3,367,293)								3,367,275

See Notes to Financial Statements

Van Kampen Core Plus Fixed Income Fund
Portfolio of Investments n August 31, 2009 continued


Description	Value


Repurchase Agreements (Continued)
State Street Bank & Trust Co. ($131,317 par collateralized by U.S. Government obligations in a pooled cash account, interest rate of 0.01%, dated 08/31/09, to be sold on 09/01/09 at $131,317)	$	131,317


Total Repurchase Agreements 3.3%		8,851,000

United States Government Agency Obligations 7.2%
Freddie Mac Discount Notes ($3,500,000 par, yielding 0.203%, 09/08/09 maturity)		3,499,864
United States Treasury Bill ($7,000,000 par, yielding 0.106%, 09/17/09 maturity)		6,999,673
United States Treasury Bill ($4,907,000 par, yielding 0.271%, 11/12/09 maturity) (f)		4,904,376
United States Treasury Bill ($4,000,000 par, yielding 0.114%, 09/24/09 maturity)		3,999,714


Total United States Government Agency Obligations 7.2%		19,403,627


Total Short-Term Investments 10.5% (Cost $28,254,627)		28,254,627


Total Investments 108.6% (Cost $283,665,784)		290,926,230

Liabilities in Excess of Other Assets (8.6%)		(23,104,443	)


Net Assets 100.0%	$	267,821,787

Percentages are calculated as a percentage of net assets.


(a)		Security purchased on a when-issued, delayed delivery or forward commitment basis.

(b)		144A-Private Placement security which is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. This security may only be resold in transactions exempt from registration which are normally those transactions with qualified institutional buyers.

(c)		Floating Rate Coupon

(d)		Variable Rate Coupon

(e)		IO—Interest Only

(f)		All or a portion of this security has been physically segregated in connection with open futures contracts and swap contracts.

REMIC—Real Estate Mortgage Investment Conduits

STRIPS—Separate Trading of Registered Interest and Principal of Securities

TBA—To be announced, maturity date has not yet been established. Upon settlement and

delivery of the mortgage pools, maturity dates will be assigned.

See Notes to Financial Statements

Van Kampen Core Plus Fixed Income Fund
Portfolio of Investments n August 31, 2009 continued

Futures contracts outstanding as of August 31, 2009:


			Unrealized
	Number of		Appreciation/
	Contracts		Depreciation

Long Contracts:
EuroDollar 90-Day Futures, March 2011 (Current Notional Value of $244,288 per contract)		28	$	6,122
EuroDollar 90-Day Futures, June 2011 (Current Notional Value of $243,425 per contract)		28		1,058
EuroDollar 90-Day Futures, September 2011 (Current Notional Value of $242,688 per contract)		28		(1,983	)
EuroDollar 90-Day Futures, December 2011 (Current Notional Value of $242,000 per contract)		28		(3,086	)
U.S. Treasury Bond 30-Year Futures, September 2009 (Current Notional Value of $120,938 per contract)		4		742
U.S. Treasury Notes 2-Year Futures, December 2009 (Current Notional Value of $216,344 per contract)		249		130,507
U.S. Treasury Notes 5-Year Futures, December 2009 (Current Notional Value of $115,250 per contract)		241		155,290

Total Long Contracts:		606		288,650

Short Contracts:
U.S. Treasury Bond 30-Year Futures, December 2009 (Current Notional Value of $119,750 per contract)		156		(215,698	)
U.S. Treasury Notes 5-Year Futures, September 2009 (Current Notional Value of $116,516 per contract)		7		(3,598	)
U.S. Treasury Notes 10-Year Futures, September 2009 (Current Notional Value of $118,547 per contract)		301		(668,835	)

Total Short Contracts:		464		(888,131	)

Total Futures Contracts		1,070	$	(599,481	)

See Notes to Financial Statements

Van Kampen Core Plus Fixed Income Fund
Portfolio of Investments n August 31, 2009 continued

Swap contracts outstanding as of August 31, 2009:
Credit Default Swaps

Credit

Receive

Notional

Rating

Reference

Buy/Sell

Fixed

Expiration

Amount

Upfront

of Reference

Counterparty

Entity

Protection

Rate

Date

(000)

Payments

Value

Entity

Merrill Lynch International

CDX.NA.IG.12

Sell

1.000

06/20/14

8,750

(322,589

)

(54,639

)

N/R

N/R—Not Rated

Interest Rate Swaps


		Pay/
	Floating	Receive						Notional
	Rate	Floating		Fixed			Expiration	Amount
Counterparty	Index	Rate		Rate			Date	(000)		Value

Barclays Bank PLC	USD-LIBOR BBA		Pay		4.640	%	05/27/19	$	5,248	$	(2,257	)
Deutsche Bank AG Frankfurt	EUR-EURIBOR		Pay		5.063		08/05/24		13,853		201,007
Deutsche Bank AG New York	USD-LIBOR BBA		Pay		**		11/15/21		3,797		(267,330	)
UBS AG London	USD-LIBOR BBA		Pay		4.660		05/27/19		15,322		5,363

											(63,217	)

Barclays Bank PLC	USD-LIBOR BBA		Receive		**		11/15/19		5,715		(562,890	)
Barclays Bank PLC	USD-LIBOR BBA		Receive		**		11/15/21		3,100		(335,461	)
Barclays Bank PLC	USD-LIBOR BBA		Receive		4.040		05/27/39		1,204		(4,883	)
Deutsche Bank AG Frankfurt	EUR-EURIBOR		Receive		4.460		08/05/19		11,398		(152,497	)
Deutsche Bank AG New York	USD-LIBOR BBA		Receive		**		11/15/21		3,242		(244,517	)
UBS AG London	USD-LIBOR BBA		Receive		4.040		05/27/39		3,546		(14,383	)

											(1,314,631	)

Total Interest Rate Swaps											(1,377,848	)

Total Swap Contracts										$	(1,432,487	)


**		Zero Coupon Swaps. The Fund and/or counterparty will make a net payment at the expiration date.

See Notes to Financial Statements

Van Kampen Core Plus Fixed Income Fund
Portfolio of Investments n August 31, 2009 continued

Fair Value Measurements

Various inputs are used in determining the value of the Fund’s investments. These inputs are summarized in the three broad levels listed below. (See Note 1 (B) to the financial statement for further information regarding fair value measurements.)

The following is a summary of the inputs used as of August 31, 2009 in valuing the Fund’s investments carried at value.


	Level 1			Level 2			Level 3
							Significant
				Other Significant			Unobservable
Investment Type	Quoted Prices			Observable Inputs			Inputs		Total


Assets
Mortgage Backed Securities	$	—		$	99,227,480		$	—	$	99,227,480
Corporate Bonds					79,935,261			—		79,935,261
United States Government Agencies & Obligations		—			63,315,195			—		63,315,195
Commercial Mortgage Backed Securities		—			7,656,201			—		7,656,201
Agency Bonds		—			6,404,185			—		6,404,185
Asset Backed Securities		—			3,153,953			—		3,153,953
Collateralized Mortgage Obligations		—			451,821			—		451,821
Foreign Government Obligations		—			1,297,413			—		1,297,413
Municipal Bonds		—			1,044,527			—		1,044,527
Adjustable Rate Mortgage Backed Securities		—			185,567			—		185,567
Short-Term Investments		—			28,254,627			—		28,254,627
Futures		293,719			—			—		293,719
Credit Default Swaps		—			—			—		—
Interest Rate Swaps		—			206,370			—		206,370

Total Assets		293,719			291,132,600			—		291,426,319

Liabilities
Futures		(893,200	)		—			—		(893,200	)
Credit Default Swaps		—			(54,639	)		—		(54,639	)
Interest Rate Swaps		—			(1,584,218	)		—		(1,584,218	)

Total Liabilities	$	(893,200	)	$	(1,638,857	)	$	—	$	(2,532,057	)

See Notes to Financial Statements

Van Kampen Core Plus Fixed Income Fund

Financial Statements

Statement of Assets and Liabilities

August 31, 2009


Assets:
Total Investments (Cost $283,665,784)	$	290,926,230
Cash		357
Receivables:
Investments Sold		12,463,407
Interest		1,971,943
Fund Shares Sold		426,060
Other		50,208

Total Assets		305,838,205

Liabilities:
Payables:
Investments Purchased		35,512,007
Fund Shares Repurchased		638,666
Variation Margin on Futures		95,780
Investment Advisory Fee		68,561
Distributor and Affiliates		45,004
Income Distributions		19,599
Swap Contracts		1,432,487
Trustees’ Deferred Compensation and Retirement Plans		28,754
Accrued Expenses		134,838
Other		40,722

Total Liabilities		38,016,418

Net Assets	$	267,821,787

Net Assets Consist of:
Capital (Par value of $0.01 per share with an unlimited number of shares authorized)	$	293,207,622
Net Unrealized Appreciation		5,551,067
Accumulated Undistributed Net Investment Income		(101,688	)
Accumulated Net Realized Loss		(30,835,214	)

Net Assets	$	267,821,787

Maximum Offering Price Per Share:
Class A Shares:
Net asset value and redemption price per share (Based on net assets of $91,970,714 and 9,893,348 shares of beneficial interest issued and outstanding)	$	9.30
Maximum sales charge (4.75%* of offering price)		0.46

Maximum offering price to public	$	9.76

Class B Shares:
Net asset value and offering price per share (Based on net assets of $8,922,562 and 964,959 shares of beneficial interest issued and outstanding)	$	9.25

Class C Shares:
Net asset value and offering price per share (Based on net assets of $14,314,986 and 1,548,063 shares of beneficial interest issued and outstanding)	$	9.25

Class I Shares:
Net asset value and offering price per share (Based on net assets of $152,613,525 and 16,408,993 shares of beneficial interest issued and outstanding)	$	9.30


*		On sales of $100,000 or more, the sales charge will be reduced.

See Notes to Financial Statements

Van Kampen Core Plus Fixed Income Fund
Financial Statements continued

Statement of Operations

For the Year Ended August 31, 2009


Investment Income:
Interest	$	11,191,717
Other		1,950

Total Income	$	11,193,667

Expenses:
Investment Advisory Fee		915,122
Distribution (12b-1) and Service Fees
Class A		213,217
Class B		80,453
Class C		99,243
Transfer Agent Fees		148,151
Accounting and Administrative Expenses		145,312
Reports to Shareholders		138,090
Custody		86,656
Professional Fees		76,493
Registration Fees		57,470
Trustees’ Fees and Related Expenses		17,632
Other		41,465

Total Expenses		2,019,304
Expense Reduction		406,231

Net Expenses		1,613,073

Net Investment Income	$	9,580,594

Realized and Unrealized Gain/Loss:
Realized Gain/Loss:
Investments	$	(27,043,467	)
Futures		5,449,389
Swap Contracts		3,723,296
Foreign Currency Transactions		(21,118	)
Written Options		(165,643	)

Net Realized Loss		(18,057,543	)

Unrealized Appreciation/Depreciation:
Beginning of the Period		(20,340,378	)

End of the Period:
Investments		7,260,446
Futures		(599,481	)
Swap Contracts		(1,109,898	)

		5,551,067

Net Unrealized Appreciation During the Period		25,891,445

Net Realized and Unrealized Gain	$	7,833,902

Net Increase in Net Assets From Operations	$	17,414,496

See Notes to Financial Statements

Van Kampen Core Plus Fixed Income Fund
Financial Statements continued

Statements of Changes in Net Assets


	For The			For The
	Year Ended			Year Ended
	August 31, 2009			August 31, 2008


From Investment Activities:
Operations:
Net Investment Income	$	9,580,594		$	10,310,391
Net Realized Loss		(18,057,543	)		(12,312,984	)
Net Unrealized Appreciation/Depreciation During the Period		25,891,445			(20,201,609	)

Change in Net Assets from Operations		17,414,496			(22,204,202	)


Distributions from Net Investment Income:
Class A Shares		(3,639,691	)		(3,120,248	)
Class B Shares		(284,426	)		(227,863	)
Class C Shares		(547,715	)		(595,031	)
Class I Shares		(6,147,413	)		(6,072,204	)

		(10,619,245	)		(10,015,346	)


Distributions from Net Realized Gain:
Class A Shares		-0-			(11,452	)
Class B Shares		-0-			(688	)
Class C Shares		-0-			(1,965	)
Class I Shares		-0-			(40,962	)

		-0-			(55,067	)

Total Distributions		(10,619,245	)		(10,070,413	)


Net Change in Net Assets from Investment Activities		6,795,251			(32,274,615	)


From Capital Transactions:
Proceeds from Shares Sold		215,149,897			419,616,890
Net Asset Value of Shares Issued Through Dividend Reinvestment		10,304,677			9,678,183
Cost of Shares Repurchased		(234,160,611	)		(165,039,998	)


Net Change in Net Assets from Capital Transactions		(8,706,037	)		(264,255,075	)

Total Increase/Decrease in Net Assets		(1,910,786	)		231,980,460
Net Assets:
Beginning of the Period		269,732,573			37,752,113

End of the Period (Including accumulated undistributed net investment income of $(101,688) and $668,608, respectively)	$	267,821,787		$	269,732,573

See Notes to Financial Statements

Van Kampen Core Plus Fixed Income Fund

Financial Highlights

The following schedule presents financial highlights for one share of the Fund outstanding throughout the periods indicated.


						January 26, 2007
	Year Ended					(Commencement of
	August 31,					Operations) to
Class A Shares	2009		2008			August 31, 2007


Net Asset Value, Beginning of the Period	$	9.05	$	9.98		$	10.00

Net Investment Income (a)		0.34		0.45			0.36
Net Realized and Unrealized Gain/Loss		0.29		(0.92	)		(0.10	)

Total from Investment Operations		0.63		(0.47	)		0.26

Less:
Distributions from Net Investment Income		0.38		0.46			0.28
Distributions from Net Realized Gain		0.00		0.00	(c)		0.00

Total Distributions		0.38		0.46			0.28

Net Asset Value, End of the Period	$	9.30	$	9.05		$	9.98


Total Return* (b)		7.12%		–4.91%			2.62%	**
Net Assets at End of the Period (In millions)	$	92.0	$	91.8		$	28.7
Ratio of Expenses to Average Net Assets*		0.75%		0.75%			0.75%
Ratio of Net Investment Income to Average Net Assets*		3.84%		4.69%			6.10%
Portfolio Turnover		503%		460%			91%	**
* If certain expenses had not been voluntarily assumed by Van Kampen, total return would have been lower and the ratios would have been as follows:
Ratio of Expenses to Average Net Assets		0.92%		0.96%			2.08%
Ratio of Net Investment Income to Average Net Assets		3.67%		4.48%			4.78%


(a)		Based on average shares outstanding.

(b)		Assumes reinvestment of all distributions for the period and does not include payment of the maximum sales charge of 4.75% or contingent deferred sales charge (CDSC). On purchases of $1 million or more, a CDSC of 1% may be imposed on certain redemptions made within eighteen months of purchase. If the sales charges were included, total returns would be lower. These returns include combined Rule 12b-1 fees and service fees of up to 0.25% and do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares.

(c)		Amount is less than $0.01 per share.

**		Non-Annualized

See Notes to Financial Statements

Van Kampen Core Plus Fixed Income Fund
Financial Highlights continued

The following schedule presents financial highlights for one share of the Fund outstanding throughout the periods indicated.


						January 26, 2007
	Year Ended					(Commencement of
	August 31,					Operations) to
Class B Shares	2009		2008			August 31, 2007


Net Asset Value, Beginning of the Period	$	9.01	$	9.99		$	10.00

Net Investment Income (a)		0.27		0.38			0.30
Net Realized and Unrealized Gain/Loss		0.29		(0.92	)		(0.07	)

Total from Investment Operations		0.56		(0.54	)		0.23

Less:
Distributions from Net Investment Income		0.32		0.44			0.24
Distributions from Net Realized Gain		0.00		0.00	(c)		0.00

Total Distributions		0.32		0.44			0.24

Net Asset Value, End of the Period	$	9.25	$	9.01		$	9.99


Total Return* (b)		6.37%		–5.69%			2.35%	**(d)
Net Assets at End of the Period (In millions)	$	8.9	$	8.6		$	1.5
Ratio of Expenses to Average Net Assets* (e)		1.50%		1.50%			1.28%	(d)
Ratio of Net Investment Income to Average Net Assets*		3.09%		3.95%			5.14%	(d)
Portfolio Turnover		503%		460%			91%	**
* If certain expenses had not been voluntarily assumed by Van Kampen, total return would have been lower and the ratios would have been as follows:
Ratio of Expenses to Average Net Assets (e)		1.67%		1.68%			2.68%	(d)
Ratio of Net Investment Income to Average Net Assets		2.92%		3.77%			3.74%	(d)


(a)		Based on average shares outstanding.

(b)		Assumes reinvestment of all distributions for the period and does not include payment of the maximum CDSC of 4%, charged on certain redemptions made within one year of purchase and declining to 0% after the fifth year. If the sales charge was included, total returns would be lower. These returns include combined Rule 12b-1 fees and service fees of up to 1% and do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares.

(c)		Amount is less than $0.01.

(d)		The Total Return, Ratio of Expenses to Average Net Assets and Ratio of Net Investment Income to Average Net Assets reflect actual 12b-1 fees of less than 1% (See footnote 8).

(e)		The Ratio of Expenses to Average Net Assets does not reflect credits earned on cash balances. If these credits were reflected as a reduction of expenses, the ratio would decrease by 0.03% for the period ended August 31, 2007.

**		Non-Annualized

See Notes to Financial Statements

Van Kampen Core Plus Fixed Income Fund
Financial Highlights continued

The following schedule presents financial highlights for one share of the Fund outstanding throughout the periods indicated.


							January 26, 2007
	Year Ended						(Commencement of
	August 31,						Operations) to
Class C Shares	2009			2008			August 31, 2007


Net Asset Value, Beginning of the Period	$	9.00		$	10.01		$	10.00

Net Investment Income (a)		0.31			0.37			0.31
Net Realized and Unrealized Gain/Loss		0.27			(0.89	)		(0.05	)

Total from Investment Operations		0.58			(0.52	)		0.26

Less:
Distributions from Net Investment Income		0.33			0.49			0.25
Distributions from Net Realized Gain		0.00			0.00	(c)		0.00

Total Distributions		0.33			0.49			0.25

Net Asset Value, End of the Period	$	9.25		$	9.00		$	10.01


Total Return* (b)		6.71%	(d)		–5.47%	(d)		2.61%	**(d)
Net Assets at End of the Period (In millions)	$	14.3		$	17.2		$	2.0
Ratio of Expenses to Average Net Assets* (e)		1.18%	(d)		1.45%	(d)		1.12%	(d)
Ratio of Net Investment Income to Average Net Assets*		3.43%	(d)		3.81%	(d)		5.31%	(d)
Portfolio Turnover		503%			460%			91%	**
* If certain expenses had not been voluntarily assumed by Van Kampen, total return would have been lower and the ratios would have been as follows:
Ratio of Expenses to Average Net Assets (e)		1.35%(d	)		1.58%	(d)		2.52%	(d)
Ratio of Net Investment Income to Average Net Assets		3.26%(d	)		3.68%	(d)		3.92%	(d)


(a)		Based on average shares outstanding.

(b)		Assumes reinvestment of all distributions for the period and does not include payment of the maximum CDSC of 1%, charged on certain redemptions made within one year of purchase. If the sales charge was included, total returns would be lower. These returns include combined Rule 12b-1 fees and service fees of up to 1% and do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares.

(c)		Amount is less than $0.01 per share.

(d)		The Total Return, Ratio of Expenses to Average Net Assets and Ratio of Net Investment Income to Average Net Assets reflect actual 12b-1 fees of less than 1% (See footnote 8).

(e)		The Ratio of Expenses to Average Net Assets does not reflect credits earned on cash balances. If these credits were reflected as a reduction of expenses, the ratio would decrease by 0.03% for the period ended August 31, 2007.

**		Non-Annualized

See Notes to Financial Statements

Van Kampen Core Plus Fixed Income Fund
Financial Highlights continued

The following schedule presents financial highlights for one share of the Fund outstanding throughout the periods indicated.


						January 26, 2007
	Year Ended					(Commencement of
	August 31,					Operations) to
Class I Shares	2009		2008			August 31, 2007


Net Asset Value, Beginning of the Period	$	9.06	$	9.98		$	10.00

Net Investment Income (a)		0.37		0.47			0.36
Net Realized and Unrealized Gain/Loss		0.27		(0.91	)		(0.09	)

Total from Investment Operations		0.64		(0.44	)		0.27

Less:
Distributions from Net Investment Income		0.40		0.48			0.29
Distributions from Net Realized Gain		0.00		0.00	(c)		0.00

Total Distributions		0.40		0.48			0.29

Net Asset Value, End of the Period	$	9.30	$	9.06		$	9.98


Total Return* (b)		7.39%		–4.67%			2.77%	**
Net Assets at End of the Period (In millions)	$	152.6	$	152.1		$	5.6
Ratio of Expenses to Average Net Assets* (d)		0.50%		0.50%			0.52%
Ratio of Net Investment Income to Average Net Assets*		4.08%		4.81%			6.07%
Portfolio Turnover		503%		460%			91%	**
* If certain expenses had not been voluntarily assumed by Van Kampen, total return would have been lower and the ratios would have been as follows:
Ratio of Expenses to Average Net Assets (d)		0.66%		0.61%			1.91%
Ratio of Net Investment Income to Average Net Assets		3.92%		4.70%			4.68%


(a)		Based on average shares outstanding.

(b)		Assumes reinvestment of all distributions for the period. These returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption on Fund shares.

(c)		Amount is less than $0.01 per share.

(d)		The Ratio of Expenses to Average Net Assets does not reflect credits earned on cash balances. If these credits were reflected as a reduction of expenses, the ratio would decrease by 0.02% for the period ended August 31, 2007.

**		Non-Annualized

See Notes to Financial Statements

Van Kampen Core Plus Fixed Income Fund

Notes to Financial Statements n August 31, 2009

1. Significant Accounting Policies

The Van Kampen Core Plus Fixed Income Fund (the “Fund”) is organized as a diversified series of the Van Kampen Trust, a Delaware statutory trust, and is registered as a diversified, open-end management investment company under the Investment Company Act of 1940, as amended (the “1940 Act”). The Fund’s investment objective is to seek total return. The Fund invests primarily in a diversified mix of U.S. dollar denominated investment grade fixed income securities, particularly U.S. government, corporate and mortgage securities. The Fund commenced operations on January 26, 2007. The Fund offers Class A Shares, Class B Shares, Class C Shares, and Class I Shares. Each class of shares differs by its initial sales load, contingent deferred sales charges, the allocation of class-specific expenses and voting rights on matters affecting a single class.

The following is a summary of significant accounting policies consistently followed by the Fund in the preparation of its financial statements. The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

A. Security Valuation Fixed income investments are valued by an independent pricing service using the mean of the last reported bid and asked prices. Investments in securities listed on a securities exchange are valued at their last sale price as of the close of such securities exchange. Listed and unlisted securities for which the last sale price is not available are valued at the mean of the last reported bid and asked prices. For those securities where quotations or prices are not readily available as noted above, valuations are determined in accordance with procedures established in good faith by the Board of Trustees. Factors considered in making this determination may include, but are not limited to, information obtained by contacting the issuer, analysts, or the appropriate stock exchange (for exchange traded securities), analysis of the issuer’s financial statements or other available documents and, if necessary, available information concerning other securities in similar circumstances. Options are valued at the last sale price. Futures contracts are valued at the settlement price established each day on the exchange on which they are traded. Swaps are valued using market quotations obtained from brokers. Short-term securities with remaining maturities of 60 days or less are valued at amortized cost, which approximates fair value.

B. Fair Value Measurements The Fund adopted Financial Accounting Standards Board Statement of Financial Accounting Standards No. 157, Fair Value Measurements (FAS 157), effective September 1, 2008. In accordance with FAS 157, fair value is defined as the price that the Fund would receive to sell an investment or pay to transfer a liability in an orderly transaction with an independent buyer in the principal market, or in the absence of a principal market the most advantageous market for the investment or liability. FAS 157 establishes a three-tier hierarchy to distinguish between (1) inputs that reflect the assumptions market participants would use in pricing an asset or liability developed based on market data obtained from sources independent of the reporting entity (observable inputs) and (2) inputs that reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing an asset or liability developed based on the best information available in the circumstances (unobservable inputs) and to establish classification of fair value

Van Kampen Core Plus Fixed Income Fund
Notes to Financial Statements n August 31, 2009 continued

measurements for disclosure purposes. Various inputs are used in determining the value of the Fund’s investments. The inputs are summarized in the three broad levels listed below.


Level 1—	quoted prices in active markets for identical investments
Level 2—	other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)
Level 3—	significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

C. Security Transactions Security transactions are recorded on a trade date basis. Realized gains and losses are determined on an identified cost basis. The Fund may invest in repurchase agreements, which are short-term investments in which the Fund acquires ownership of a debt security and the seller agrees to repurchase the security at a future time and specified price. The Fund may invest independently in repurchase agreements, or transfer uninvested cash balances into a pooled cash account along with other investment companies advised by Van Kampen Asset Management (the “Adviser”) or its affiliates, the daily aggregate of which is invested in repurchase agreements. Repurchase agreements are fully collateralized by the underlying debt security. The Fund will make payment for such securities only upon physical delivery or evidence of book entry transfer to the account of the custodian bank. The seller is required to maintain the value of the underlying security at not less than the repurchase proceeds due the Fund. The Fund may purchase and sell securities on a “when-issued”, “delayed delivery” or “forward commitment” basis, with settlement to occur at a later date. The value of the security so purchased is subject to market fluctuations during this period. Purchasing securities on this basis involves a risk that the market value at the time of delivery may be lower than the agreed upon purchase price resulting in an unrealized loss. The Fund will segregate assets with the custodian having an aggregate value at least equal to the amount of the when-issued, delayed delivery or forward purchase commitments until payment is made. At August 31, 2009, the Fund had $34,216,585 of when-issued, delayed delivery or forward purchase commitments.

D. Income and Expenses Interest income is recorded on an accrual basis. Discounts on debt securities purchased are accreted and premiums are amortized over the expected life of each applicable security. Income and expenses of the Fund are allocated on a pro rata basis to each class of shares, except for distribution and service fees and incremental transfer agency costs which are unique to each class of shares.

E. Federal Income Taxes It is the Fund’s policy to comply with the requirements of Subchapter M of the Internal Revenue Code applicable to regulated investment companies and to distribute substantially all of its taxable income to its shareholders. Therefore, no provision for federal income taxes is required. Financial Accounting Standards Board’s Interpretation No. 48, Accounting for Uncertainty in Income Taxes, sets forth a minimum threshold for financial statement recognition of the benefit of a tax position taken or expected to be taken in a tax return. Management has concluded there are no significant uncertain tax positions that would require recognition in the financial statements. If applicable, the Fund recognizes

Van Kampen Core Plus Fixed Income Fund
Notes to Financial Statements n August 31, 2009 continued

interest accrued related to unrecognized tax benefits in “Interest Expense” and penalties in “Other” expenses on the Statement of Operations. The Fund files tax returns with the U.S. Internal Revenue Service and various states. Generally, each of the tax years in the three year period ended August 31, 2009, remains subject to examination by taxing authorities.

The Fund intends to utilize provisions of the federal income tax laws which allow it to carry a realized capital loss forward for eight years following the year of the loss and offset such losses against any future realized capital gains. At August 31, 2009, the Fund had an accumulated capital loss carryforward for tax purposes of $20,161,052 which will expire on August 31, 2017.

At August 31, 2009, the cost and related gross unrealized appreciation and depreciation were as follows:


Cost of investments for tax purposes	$	283,877,586

Gross tax unrealized appreciation	$	9,979,781
Gross tax unrealized depreciation		(2,931,137	)

Net tax unrealized appreciation on investments	$	7,048,644

F. Distribution of Income and Gains The Fund declares daily and pays monthly dividends from net investment income. Net realized gains, if any, are distributed at least annually.

The tax character of distributions paid during the fiscal years ended August 31, 2009 and 2008 were as follows:


	2009		2008

Distributions paid from:
Ordinary income	$	10,625,991	$	10,036,254
Long-term capital gain		-0-		55,067

	$	10,625,991	$	10,091,321

Permanent differences, primarily due to net realized gains/losses on swap contracts and paydowns on mortgage backed securities, resulted in the following reclassifications among the Fund’s components of net assets at August 31, 2009:


Accumulated Undistributed		Accumulated
Net Investment Income		Net Realized Loss			Capital

$	268,355	$	(248,114	)	$	(20,241	)

As of August 31, 2009, the components of distributable earnings on a tax basis were as follows:


Undistributed ordinary income	$	94,702
Undistributed long-term capital gain		-0-

Net realized gains or losses may differ for financial reporting and tax purposes primarily as a result of the deferral of losses relating to wash sale transactions and post October losses of $11,217,435 which are not recognized for tax purposes until the first day of the following fiscal

Van Kampen Core Plus Fixed Income Fund
Notes to Financial Statements n August 31, 2009 continued

year and gains or losses recognized for tax purposes on open futures transactions on August 31, 2009.

G. Foreign Currency Translation Assets and liabilities denominated in foreign currencies are translated into U.S. dollars at the mean of the quoted bid and asked prices of such currencies against the U.S. dollar. Purchases and sales of portfolio securities are translated at the rate of exchange prevailing when such securities were acquired or sold. Realized gain and loss on foreign currency transactions on the Statement of Operations includes the net realized amount from the sale of foreign currency, the amount realized between trade date and settlement date on securities transactions and the foreign currency portion of gain and losses on the sale of securities. Income and expenses are translated at rates prevailing when accrued.

H. Reporting Subsequent Events In accordance with the provisions set forth in Financial Accounting Standards Board Statement of Financial Accounting Standards No. 165, Subsequent Events, adopted by the Fund as of August 31, 2009, management has evaluated the impact of any subsequent events through October 26, 2009, the date the financial statements were effectively issued. Management has determined that other than the event described in note 10, there are no material events or transactions that would affect the Fund’s financial statements or require disclosure in the Fund’s financial statements through this date.

2. Investment Advisory Agreement and Other Transactions with Affiliates

Under the terms of the Fund’s Investment Advisory Agreement, the Adviser will provide investment advice and facilities to the Fund for an annual fee payable monthly as follows:


Average Daily Net Assets	% Per Annum

First $1 billion		0.375%
Over $1 billion		0.300%

The Fund’s Adviser is currently waiving or reimbursing all or a portion of the Fund’s advisory fees or other expenses. This resulted in net expense ratios of 0.75%, 1.50%, 1.18% and 0.50% for Classes A, B, C and I Shares, respectively. The fee waivers or expense reimbursements are voluntary and can be discontinued at any time. For the year ended August 31, 2009, the Adviser waived or reimbursed approximately $406,200 of advisory fees or other expenses.

For the year ended August 31, 2009, the Fund recognized expenses of approximately $11,200 representing legal services provided by Skadden, Arps, Slate, Meagher & Flom LLP, of which a trustee of the Fund is a partner of such firm and he and his law firm provide legal services as legal counsel to the Fund.

Under separate Legal Services, Accounting Services and Chief Compliance Officer (CCO) Employment agreements, the Adviser provides accounting and legal services and the CCO provides compliance services to the Fund. The costs of these services are allocated to each fund. For the year ended August 31, 2009, the Fund recognized expenses of approximately $63,000 representing Van Kampen Investments Inc.’s or its affiliates’ (collectively “Van Kampen”) cost of providing accounting and legal services to the Fund, as well as the salary, benefits and related costs of the CCO and related support staff paid by Van Kampen. Services provided pursuant to the Legal Services agreement are reported as part of “Professional Fees” on the Statement of Operations. Services provided pursuant to the Accounting

Van Kampen Core Plus Fixed Income Fund
Notes to Financial Statements n August 31, 2009 continued

Services and CCO Employment agreement are reported as part of “Accounting and Administrative Expenses” on the Statement of Operations.

Van Kampen Investor Services Inc. (VKIS), an affiliate of the Adviser, serves as the shareholder servicing agent for the Fund. For the year ended August 31, 2009, the Fund recognized expenses of approximately $39,300 representing transfer agency fees paid to VKIS and its affiliates. Transfer agency fees are determined through negotiations with the Fund’s Board of Trustees.

Certain officers and trustees of the Fund are also officers and trustees of Van Kampen. The Fund does not compensate its officers or trustees who are also officers of Van Kampen.

The Fund provides deferred compensation and retirement plans for its trustees who are not officers of Van Kampen. Under the deferred compensation plan, trustees may elect to defer all or a portion of their compensation. Amounts deferred are retained by the Fund and, to the extent permitted by the 1940 Act, may be invested in the common shares of those funds selected by the trustees. Investments in such funds of approximately $15,900 are included in “Other” assets on the Statement of Assets and Liabilities at August 31, 2009. Appreciation/depreciation and distributions received from these investments are recorded with an offsetting increase/decrease in the deferred compensation obligation and do not affect the net asset value of the Fund. Benefits under the retirement plan are payable upon retirement for a ten-year period and are based upon each trustee’s years of service to the Fund. The maximum annual benefit per trustee under the plan is $2,500.

For the year ended August 31, 2009, Van Kampen, as Distributor for the Fund, received commissions on sales of the Fund’s Class A Shares of approximately $67,300 and contingent deferred sales charge (CDSC) on redeemed shares of approximately $45,900. Sales charges do not represent expenses of the Fund.

Van Kampen Core Plus Fixed Income Fund
Notes to Financial Statements n August 31, 2009 continued

3. Capital Transactions

For the years ended August 31, 2009 and 2008, transactions were as follows:


	For The						For The
	Year Ended						Year Ended
	August 31, 2009						August 31, 2008
	Shares			Value			Shares			Value

Sales:
Class A		4,873,842		$	43,618,608			11,516,834		$	115,627,553
Class B		544,177			4,833,603			1,129,969			11,287,816
Class C		652,036			5,767,165			3,188,209			32,162,308
Class I		18,133,173			160,930,521			26,071,905			260,539,213

Total Sales		24,203,228		$	215,149,897			41,906,917		$	419,616,890


Dividend Reinvestment:
Class A		389,038		$	3,474,731			300,020		$	2,930,943
Class B		30,382			270,043			22,451			217,854
Class C		46,987			417,951			44,873			436,954
Class I		687,143			6,141,952			618,634			6,092,432

Total Dividend Reinvestment		1,153,550		$	10,304,677			985,978		$	9,678,183


Repurchases:
Class A		(5,507,623	)	$	(49,159,883	)		(4,551,149	)	$	(44,060,433	)
Class B		(569,159	)		(5,046,574	)		(344,188	)		(3,282,138	)
Class C		(1,059,500	)		(9,403,472	)		(1,520,393	)		(14,466,189	)
Class I		(19,202,750	)		(170,550,682	)		(10,461,564	)		(103,231,238	)

Total Repurchases		(26,339,032	)	$	(234,160,611	)		(16,877,294	)	$	(165,039,998	)

4. Redemption Fee

Until November 3, 2008, the Fund assessed a 2% redemption fee on the proceeds of Fund shares that were redeemed (either by sale or exchange) within seven days of purchase. The redemption fee was paid directly to the Fund and allocated on a pro rata basis to each class of shares. For year ended August 31, 2009, the Fund received redemption fees of approximately $700, which are reported as part of “Cost of Shares Repurchased” on the Statement of Changes in Net Assets. The per share impact from redemption fees paid to the Fund was less than $0.01. Effective November 3, 2008, the redemption fee is no longer applied.

5. Investment Transactions

During the period, the cost of purchases and proceeds from sales of investments, excluding short-term investments and U.S. Government securities, were $93,717,264 and $69,915,629 respectively. The cost of purchases and proceeds from sales of long-term U.S. Government securities, including paydowns on mortgage-backed securities, for the period were $1,201,442,700 and $1,255,741,830, respectively.

6. Derivative Financial Instruments

A derivative financial instrument in very general terms refers to a security whose value is “derived” from the value of an underlying asset, reference rate or index.

Van Kampen Core Plus Fixed Income Fund
Notes to Financial Statements n August 31, 2009 continued

The Fund may use derivative instruments for a variety of reasons, such as to attempt to protect the Fund against possible changes in the market value of its portfolio or to generate potential gain. All of the Fund’s portfolio holdings, including derivative instruments, are marked to market each day with the change in value reflected in unrealized appreciation/depreciation. Upon disposition, a realized gain or loss is recognized accordingly, except when taking delivery of a security underlying a contract. In these instances, the recognition of gain or loss is postponed until the disposal of the security underlying the contract.

A. Futures Contracts The Fund is subject to interest rate risk and foreign currency exchange rate risk in the normal course of pursuing its investment objectives. The Fund may use futures contracts to gain exposure to, or hedge against changes in interest rates or foreign currencies. A futures contract is an agreement involving the delivery of a particular asset on a specified future date at an agreed upon price. Upon entering into futures contracts, the Fund maintains an amount of cash or liquid securities with a value equal to a percentage of the contract amount with either a futures commission merchant pursuant to rules and regulations promulgated under the 1940 Act, or with its custodian in an account in the broker’s name. This amount is known as initial margin. During the period the futures contract is open, payments are received from or made to the broker based upon changes in the value of the contract (the variation margin). When entering into futures contracts, the Fund bears the risk of interest or exchange rates or securities prices moving unexpectedly, in which case, the Fund may not achieve the anticipated benefits of the futures contracts and may realize a loss. With futures, there is minimal counterparty credit risk to the Fund since futures are exchange traded and the exchanges clearinghouse, as a counterparty to all exchange traded futures, guarantees the futures against default. The risk of loss associated with a futures contract is in excess of the variation margin reflected on the Statement of Assets and Liabilities.

Transactions in futures contracts for the year ended August 31, 2009, were as follows:


	Contracts

Outstanding at August 31, 2008		590
Futures Opened		8,142
Futures Closed		(7,662	)

Outstanding at August 31, 2009		1,070

B. Option Contracts The Fund is subject to interest rate risk and foreign currency exchange risk in the normal course of pursuing its investment objectives. The Fund may use options contracts to gain exposure to, or hedge against changes in interest rates or foreign currencies. An option contract gives the buyer the right, but not the obligation to buy (call) or sell (put) an underlying item at a fixed exercise (strike) price during a specified period. The Fund may purchase put and call options. Purchasing call options tends to increase the Fund’s exposure to the underlying (or similar) instrument. Purchasing put options tends to decrease the Fund’s exposure to the underlying (or similar) instrument. When entering into purchased option contracts, the Fund bears the risk of interest or exchange rates or securities prices moving unexpectedly, in which case, the Fund may not achieve the anticipated benefits of the purchased option contracts; however, the risk of loss is limited to the premium paid. Purchased options are reported as part of “Total Investments” on the Statement of Assets and Liabilities. Premiums paid for purchasing options which expire are treated as realized losses.

Van Kampen Core Plus Fixed Income Fund
Notes to Financial Statements n August 31, 2009 continued

The Fund may write covered call and put options. Writing put options tends to increase the Fund’s exposure to the underlying instrument. Writing call options tends to decrease the Fund’s exposure to the underlying instrument. When the Fund writes a call or put option, an amount equal to the premium received is recorded as a liability and subsequently marked to market to reflect the current value of the option written. These liabilities are reflected as written options outstanding on the Statement of Assets and Liabilities. Premiums received from writing options which expire are treated as realized gains. Premiums received from writing options which are exercised or closed are added to the proceeds or offset against amounts paid on the underlying securities to determine the realized gain or loss. The Fund as a writer of an option has no control over whether the underlying security may be sold (call) or purchased (put) and as a result bears the market risk of an unfavorable change in the price of the security underlying the written option. There is the risk the Fund may not be able to enter into a closing transaction because of an illiquid market.

Transactions in written call options were as follows:


	Number of			Premium
	Contracts			Received

Options Outstanding at August 31, 2008		-0-		$	-0-
Options Written		843			221,316
Options Terminated in Closing Purchase Transactions		(843	)		(221,316	)
Options Exercised		-0-			-0-
Options Expired		-0-			-0-

Options Outstanding at August 31, 2009		-0-		$	-0-

C. Swap Contracts The Fund adopted the provisions of the FASB Staff Position Paper No. FAS 133-1 and FIN 45-4, Disclosures about credit Derivatives and Certain Guarantees: An Amendment of FASB Statement No. 133 and FASB Interpretation No. 45 (FSP FAS 133-1 and FIN 45-4), effective November 30, 2008. FSP FAS 133-1 and FIN 45-4 requires the seller of credit derivatives to provide additional disclosure about its credit derivatives. The Fund is subject to credit risk in the normal course of pursuing its investment objectives. The Fund may enter into credit default swaps to manage its exposure to the market or certain sectors of the market, to reduce its risk exposure to defaults of corporate and sovereign issuers, or to create exposure to corporate or sovereign issuers to which it is not otherwise exposed. A credit default swap is an agreement between two parties to exchange the credit risk of an issuer or index of issuers. A buyer of a credit default swap is said to buy protection by paying periodic fees in return for a contingent payment from the seller if the issuer has a credit event such as bankruptcy, a failure to pay outstanding obligations or deteriorating credit while the swap is outstanding. A seller of a credit default swap is said to sell protection and thus collects the periodic fees and profits if the credit of the issuer remains stable or improves while the swap is outstanding. The seller in a credit default swap contract would be required to pay an agreed-upon amount, to the buyer in the event of an adverse credit event of the issuer. This agreed-upon amount approximates the notional amount of the swap as disclosed in the table following the Portfolio of Investments and is estimated to be the maximum potential future payment that the seller could be required to make under the credit default swap contract. For the year ended August 31, 2009, the average notional amounts of credit default swap contracts entered into by the Fund acting as a buyer or seller of protection were $75,000 and $6,512,000,

Van Kampen Core Plus Fixed Income Fund
Notes to Financial Statements n August 31, 2009 continued

respectively. In the event of an adverse credit event, the seller generally does not have any contractual remedies against the issuer or any other third party. However, if a physical settlement is elected, the seller would receive the defaulted credit and, as a result, become a creditor of the issuer.

The current credit rating of each individual issuer is listed in the table following the Portfolio of Investments and serves as an indicator of the current status of the payment/performance risk of the credit derivative. Alternatively, for credit default swaps on an index of credits, the quoted market prices and current values serve as an indicator of the current status of the payment/performance risk of the credit derivative. Generally, lower credit ratings and increasing market values, in absolute terms, represent a deterioration of the credit and a greater likelihood of an adverse credit event of the issuer.

The Fund accrues for the periodic fees on credit default swaps on a daily basis with the net amount accrued recorded within unrealized appreciation/depreciation of swap contracts. Upon cash settlement of the periodic fees, the net amount is recorded as realized gain/loss on swap contracts on the Statement of Operations. Net unrealized gains are recorded as an asset or net unrealized losses are reported as a liability on the Statement of Assets and Liabilities. The change in value of the swap contracts is reported as unrealized gains or losses on the Statement of Operations. Upfront payments received or made upon entering into a credit default swap contract, if any, are recorded as realized gain or loss on the Statement of Operations upon termination or maturity of the swap. Credit default swaps may involve greater risks than if a Fund had invested in the issuer directly. The Fund’s maximum risk or loss from counterparty risk, either as the protection seller or as the protection buyer, is the fair value of the contract. This risk is mitigated by having a master netting arrangement between the Fund and the counterparty and by the posting of collateral by the counterparty to the Fund to cover the Fund’s exposure to the counterparty.

The Fund may sell credit default swaps which expose it to risk of loss from credit risk related events specified in the contract. Although contract-specific, credit events are generally defined as bankruptcy, failure to pay, restructuring, obligation acceleration, obligation default, or repudiation/moratorium. As disclosed in the footnotes to the Portfolio of Investments, the aggregate fair value of credit default swaps entered into by the Fund acting as a seller of protection, in a net liability position as of August 31, 2009 was $54,639. The aggregate fair value of assets posted as collateral, net of assets received as collateral, for these swaps was $89,878. If a defined credit event had occurred as of August 31, 2009, the swaps’ credit-risk-related contingent features would have been triggered and the Fund would have been required to pay $8,750,000 less the value of the contracts’ related reference obligations.

The Fund is subject to interest rate risk exposure in the normal course of pursuing its investment objectives. Because the Fund holds fixed rate bonds, the value of these bonds may decrease if interest rates rise. To help hedge against this risk and to maintain its ability to generate income at prevailing market rates, the Fund may enter into interest rate swap contracts, including inflation asset swaps. Interest rate swaps, including inflation asset swaps, are contractual agreements to exchange interest payments calculated on a predetermined notional principal amount except in the case of inflation asset swaps where the principal amount is periodically adjusted for inflation. Interest rate swaps generally involve one party paying a fixed interest rate and the other party paying a variable rate. The Fund will usually enter into interest rate swaps on a net basis, i.e., the two payments are netted out in a cash settlement on the payment date or dates specified in the instrument, with the Fund receiving or paying, as the case may be, only the net amount of the two payments. The Fund accrues

Van Kampen Core Plus Fixed Income Fund
Notes to Financial Statements n August 31, 2009 continued

the net amount with respect to each interest rate swap on a daily basis. This net amount is recorded within unrealized appreciation/depreciation on swap contracts. In a zero-coupon interest rate swap, payments only occur at maturity, at which time one counterparty pays the total compounded fixed rate over the life of the swap and the other pays the total compounded floating rate that would have been earned had a series of LIBOR investments been rolled over through the life of the swap. Upon cash settlement of the payments, the net amount is recorded as realized gain/loss on swap contracts on the Statement of Operations. The risks of interest rate swaps include changes in market conditions that will affect the value of the contract or the cash flows and the possible inability of the counterparty to fulfill its obligation under the agreement. The Fund’s maximum risk of loss from counterparty credit risk is the discounted net value of the cash flows to be received from/paid to the counterparty of the contract’s remaining life, to the extent that the amount is positive. This risk is mitigated by having a master netting arrangement between the Fund and the counterparty and by posting of collateral by the counterparty to the Fund to cover the Fund’s exposure to the counterparty. For the year ended August 31, 2009, the average notional amount of interest rate swap contracts entered into by the Fund was $214,198,000.

Swap agreements are not entered into or traded on exchanges and there is no central clearing or guaranty function for swaps. Therefore, swaps are subject to the risk of default or non-performance by the counterparty. If there is a default by the counterparty to a swap agreement, the Fund will have contractual remedies pursuant to the agreements related to the transaction. Counterparties are required to pledge collateral daily (based on the valuation of each swap) on behalf of the Fund with a value approximately equal to the amount of any unrealized gain. Reciprocally, when the Fund has an unrealized loss on a swap contract, the Fund has instructed the custodian to pledge cash or liquid securities as collateral with a value approximately equal to the amount of the unrealized loss. Collateral pledges are monitored and subsequently adjusted if and when the swap valuations fluctuate. Cash collateral is disclosed in the table following the Portfolio of Investments. Cash collateral has been offset against open swap contracts under the provisions of FASB Interpretation No. 39 Offsetting of Amounts Related to Certain Contracts an interpretation of APB Opinion No. 10 and FASB Statement No. 105 and are included within “Swap Contracts” on the Statement of Assets and Liabilities. For cash collateral received, the Fund pays a monthly fee to the counterparty based on the effective rate for Federal Funds. This fee, when paid, is included within realized loss on swap contracts on the Statement of Operations.

The Fund adopted Financial Accounting Standards Board Statement of Financial Accounting Standards No. 161, Disclosures about Derivative Instruments and Hedging Activities (FAS 161), effective March 1, 2009. FAS 161 is intended to improve financial reporting about derivative instruments by requiring enhanced disclosures to enable investors to better understand how and why the fund uses derivative instruments, how these derivative instruments are accounted for and their effects on the Fund’s financial position and results of operations.

Van Kampen Core Plus Fixed Income Fund
Notes to Financial Statements n August 31, 2009 continued

The following table sets forth the fair value of the Fund’s derivative contracts by primary risk exposure as of August 31, 2009.

Asset Derivatives

Liability Derivatives

Primary Risk

Balance Sheet

Exposure

Location

Fair Values

Location

Fair Values

Credit Contracts

Swap Contracts

-0-

Swap Contracts

(54,639

)

Interest Rate Contracts

Variation Margin on Futures and Swap Contracts

500,089

Variation Margin on Futures and Swap Contracts

(2,477,418

Total

500,089

(2,532,057

)


*		Includes cumulative appreciation/depreciation of futures contracts as reported in the Portfolio of Investments footnotes. Only current day’s variation margin is reported within the Statement of Assets & Liabilities.

The following tables set forth by primary risk exposure the Fund’s realized gains/losses and change in unrealized appreciation/depreciation by type of derivative contract for the year ended August 31, 2009.


Amount of Realized Gain/Loss on Derivative Contracts
Primary Risk	Purchased		Written
Exposure	Options		Options			Futures			Swaps			Total

Credit Contracts	$	-0-	$	-0-		$	-0-		$	(280,849	)	$	(280,849	)
Interest Rate Contracts		37,461		(165,643	)		5,449,389			4,004,145			9,325,352

Total	$	37,461	$	(165,643	)	$	5,449,389		$	3,723,296		$	9,044,503



Change in Unrealized Appreciation/Depreciation on Derivative Contracts
Primary Risk	Purchased		Written
Exposure	Options		Options			Futures			Swaps			Total

Credit Contracts	$	-0-	$	-0-		$	-0-		$	344,914		$	344,914
Interest Rate Contracts		-0-		-0-			(713,954	)		(4,027,409	)		(4,741,363	)

Total	$	-0-	$	-0-		$	(713,954	)	$	(3,682,495	)	$	(4,396,449	)

7. Mortgage Backed Securities

The Fund may invest in various types of Mortgage Backed Securities. A Mortgage Backed Security (MBS) is a pass-through security created by pooling mortgages and selling participations in the principal and interest payments received from borrowers. Some of these securities are guaranteed by federally sponsored agencies—Government National Mortgage Association (GNMA), Federal National Mortgage Association (FNMA) or Federal Home Loan Mortgage Corporation (FHLMC). GNMA is a wholly owned corporate instrumentality of the United States whose securities and guarantees are backed by the full faith and credit of the United States. FNMA, a federally chartered and privately owned corporation, and FHLMC, a federal corporation, are instrumentalities of the United States. The securities and guarantees of FNMA and FHLMC are not backed, directly or indirectly, by the full faith and credit of United States. A Collateralized Mortgage Obligation (CMO) is a bond, which is collateralized by a pool of MBS’s.

Van Kampen Core Plus Fixed Income Fund
Notes to Financial Statements n August 31, 2009 continued

These securities derive their value from or represent interests in a pool of mortgages, or mortgage securities. Mortgage securities are subject to prepayment risk—the risk that, as mortgage interest rates fall, borrowers will refinance and “prepay” principal. A fund holding mortgage securities that are experiencing prepayments may have to reinvest these payments at lower prevailing interest rates. On the other hand, when interest rates rise, borrowers are less likely to refinance resulting in lower prepayments. This can effectively extend the maturity of a fund’s mortgage securities resulting in greater price volatility. It can be difficult to measure precisely the remaining life of a mortgage security or the average life of a portfolio of such securities.

To the extent a fund invests in mortgage securities offered by non-governmental issuers, such as commercial banks, savings and loan institutions, private mortgage insurance companies, mortgage bankers and other secondary market issuers, the Fund may be subject to additional risks. Timely payment of interest and principal of non-governmental issuers are supported by various forms of private insurance or guarantees, including individual loan, title, pool and hazard insurance purchased by the issuer. There can be no assurance that the private insurers can meet their obligations under the policies.

An unexpectedly high rate of defaults on the mortgages held by a mortgage pool may adversely affect the value of a mortgage backed security and could result in losses to a Fund. The risk of such defaults is generally higher in the case of mortgage pools that include subprime mortgages. Subprime mortgages refer to loans made to borrowers with weakened credit histories or with a lower capacity to make timely payment on their mortgages.

8. Distributions and Service Plans

Shares of the Fund are distributed by Van Kampen Funds Inc. (the “Distributor”), an affiliate of the Adviser. The Fund has adopted a distribution plan pursuant to Rule 12b-1 under the 1940 Act and a service plan (collectively, the “Plans”) for Class A Shares, Class B Shares and Class C Shares to compensate the Distributor for the sale, distribution, shareholder servicing and maintenance of shareholder accounts for these shares. Under the Plans, the Fund will incur annual fees of up to 0.25% of Class A average daily net assets and up to 1.00% each of Class B and Class C average daily net assets. These fees are accrued daily and paid to the Distributor monthly.

The amount of distribution expenses incurred by the Distributor and not yet reimbursed (“unreimbursed receivable”) was approximately $19,300 and $0 for Class B and Class C Shares, respectively. These amounts may be recovered from future payments under the distribution plan or CDSC. To the extent the unreimbursed receivable has been fully recovered, the distribution fee is reduced.

9. Indemnifications

The Fund enters into contracts that contain a variety of indemnifications. The Fund’s maximum exposure under these arrangements is unknown. However, the Fund has not had prior claims or losses pursuant to these contracts and expects the risk of loss to be remote.

Van Kampen Core Plus Fixed Income Fund

Report of Independent Registered Public Accounting Firm

To the Shareholders and Board of Trustees of Van Kampen Core Plus Fixed Income Fund:

We have audited the accompanying statement of assets and liabilities of Van Kampen Core Plus Fixed Income Fund (the Fund), including the portfolio of investments, as of August 31, 2009, and the related statement of operations for the year then ended, the statements of changes in net assets for each of the two years in the period then ended, and the financial highlights for each of the two years in the period then ended and for the period from January 26, 2007 (commencement of operations) through August 31, 2007. These financial statements and financial highlights are the responsibility of the Fund’s management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. We were not engaged to perform an audit of the Fund’s internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Fund’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements and financial highlights, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of August 31, 2009, by correspondence with the custodian and brokers or by other appropriate auditing procedures where replies from brokers were not received. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of Van Kampen Core Plus Fixed Income Fund at August 31, 2009, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period then ended, and the financial highlights for each of the two years in the period then ended and for the period from January 26, 2007 (commencement of operations) through August 31, 2007, in conformity with U.S. generally accepted accounting principles.

Chicago, Illinois

October 26, 2009

Van Kampen Core Plus Fixed Income Fund

Board of Trustees, Officers and Important Addresses


Board of Trustees David C. Arch Jerry D. Choate Rod Dammeyer Linda Hutton Heagy R. Craig Kennedy Howard J Kerr Jack E. Nelson Hugo F. Sonnenschein Wayne W. Whalen* – Chairman Suzanne H. Woolsey Officers Edward C. Wood III President and Principal Executive Officer Kevin Klingert Vice President Stefanie V. Chang Yu Vice President and Secretary John L. Sullivan Chief Compliance Officer Stuart N. Schuldt Chief Financial Officer and Treasurer		Investment Adviser Van Kampen Asset Management 522 Fifth Avenue New York, New York 10036 Distributor Van Kampen Funds Inc. 522 Fifth Avenue New York, New York 10036 Shareholder Servicing Agent Van Kampen Investor Services Inc. P.O. Box 219286 Kansas City, Missouri 64121-9286 Custodian State Street Bank and Trust Company One Lincoln Street Boston, Massachusetts 02111 Legal Counsel Skadden, Arps, Slate, Meagher & Flom LLP 155 North Wacker Drive Chicago, IL 60606 Independent Registered Public Accounting Firm Ernst & Young LLP 233 South Wacker Drive Chicago, Illinois 60606


*		“Interested persons” of the Fund, as defined in the Investment Company Act of 1940, as amended.

Van Kampen Core Plus Fixed Income Fund

Trustees and Officers Information

The business and affairs of the Fund are managed under the direction of the Fund’s Board of Trustees and the Fund’s officers appointed by the Board of Trustees. The tables below list the trustees and executive officers of the Fund and their principal occupations during the last five years, other directorships held by trustees and their affiliations, if any, with Van Kampen Investments, the Adviser, the Distributor, Van Kampen Advisors Inc., Van Kampen Exchange Corp. and Investor Services. The term “Fund Complex” includes each of the investment companies advised by the Adviser as of the date of this Annual Report. Trustees serve until reaching their retirement age or until their successors are duly elected and qualified. Officers are annually elected by the trustees.

Independent Trustees:

Number of

Term of

Funds in

Office and

Fund

Position(s)

Length of

Complex

Name, Age and Address

Held With

Time

Principal Occupation(s)

Overseen

Other Directorships

of Independent Trustee

Fund

Served

During Past 5 Years

by Trustee

Held by Trustee

David C. Arch (64)
Blistex Inc.
1800 Swift Drive
Oak Brook, IL 60523

Trustee

Trustee
since 2005

Chairman and Chief Executive Officer of Blistex Inc., a consumer health care products manufacturer.

Trustee/Director/Managing General Partner of funds in the Fund Complex. Member of the Heartland Alliance Advisory Board, a nonprofit organization serving human needs based in Chicago. Board member of the Illinois Manufacturers’ Association. Member of the Board of Visitors, Institute for the Humanities, University of Michigan.

Van Kampen Core Plus Fixed Income Fund

Trustees and Officers Information continued

Number of

Term of

Funds in

Office and

Fund

Position(s)

Length of

Complex

Name, Age and Address

Held With

Time

Principal Occupation(s)

Overseen

Other Directorships

of Independent Trustee

Fund

Served

During Past 5 Years

by Trustee

Held by Trustee

Jerry D. Choate (71)
33971 Selva Road
Suite 130
Dana Point, CA 92629

Trustee

Trustee
since 2005

Prior to January 1999, Chairman and Chief Executive Officer of the Allstate Corporation (“Allstate”) and Allstate Insurance Company. Prior to January 1995, President and Chief Executive Officer of Allstate. Prior to August 1994, various management positions at Allstate.

Trustee/Director/Managing General Partner of funds in the Fund Complex. Director of Amgen Inc., a biotechnological company, and Valero Energy Corporation, an independent refining company.

Rod Dammeyer (68)
CAC, LLC,
4370 LaJolla Village Drive
Suite 685
San Diego, CA 92122-1249

Trustee

Trustee
since 2005

President of CAC, LLC, a private company offering capital investment and management advisory services.

Trustee/Director/Managing General Partner of funds in the Fund Complex. Director of Quidel Corporation, Stericycle, Inc. Prior to May 2008, Trustee of The Scripps Research Institute. Prior to February 2008, Director of Ventana Medical Systems, Inc. Prior to April 2007, Director of GATX Corporation. Prior to April 2004, Director of TheraSense, Inc. Prior to January 2004, Director of TeleTech Holdings Inc. and Arris Group, Inc.

Van Kampen Core Plus Fixed Income Fund

Trustees and Officers Information continued

Number of

Term of

Funds in

Office and

Fund

Position(s)

Length of

Complex

Name, Age and Address

Held With

Time

Principal Occupation(s)

Overseen

Other Directorships

of Independent Trustee

Fund

Served

During Past 5 Years

by Trustee

Held by Trustee

Linda Hutton Heagy† (61)
4939 South Greenwood
Chicago, IL 60615

Trustee

Trustee
since 2005

Prior to February 2008, Managing Partner of Heidrick & Struggles, an international executive search firm. Prior to 1997, Partner of Ray & Berndtson, Inc., an executive recruiting firm. Prior to 1995, Executive Vice President of ABN AMRO, N.A., a bank holding company. Prior to 1990, Executive Vice President of The Exchange National Bank.

Trustee/Director/Managing General Partner of funds in the Fund Complex. Trustee on the University of Chicago Medical Center Board, Vice Chair of the Board of the YMCA of Metropolitan Chicago and a member of the Women’s Board of the University of Chicago.

R. Craig Kennedy (57)
1744 R Street, NW
Washington, D.C. 20009

Trustee

Trustee
since 2005

Director and President of the German Marshall Fund of the United States, an independent U.S. foundation created to deepen understanding, promote collaboration and stimulate exchanges of practical experience between Americans and Europeans. 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.

Trustee/Director/Managing General Partner of funds in the Fund Complex. Director of First Solar, Inc.

Howard J Kerr (73)
14 Huron Trace
Galena, IL 61036

Trustee

Trustee
since 2005

Prior to 1998, President and Chief Executive Officer of Pocklington Corporation, Inc., an investment holding company.

Trustee/Director/Managing General Partner of funds in the Fund Complex. Director of the Lake Forest Bank & Trust. Director of the Marrow Foundation.

Van Kampen Core Plus Fixed Income Fund

Trustees and Officers Information continued

Number of

Term of

Funds in

Office and

Fund

Position(s)

Length of

Complex

Name, Age and Address

Held With

Time

Principal Occupation(s)

Overseen

Other Directorships

of Independent Trustee

Fund

Served

During Past 5 Years

by Trustee

Held by Trustee

Jack E. Nelson (73)
423 Country Club Drive
Winter Park, FL 32789

Trustee

Trustee
since 2005

President of Nelson Investment Planning Services, Inc., a financial planning company and registered investment adviser in the State of Florida. President of Nelson Ivest Brokerage Services Inc., a member of the Financial Industry Regulatory Authority (“FINRA”), Securities Investors Protection Corp. and the Municipal Securities Rulemaking Board. President of Nelson Sales and Services Corporation, a marketing and services company to support affiliated companies.

Trustee/Director/Managing General Partner of funds in the Fund Complex.

Hugo F. Sonnenschein (68)
1126 E. 59th Street
Chicago, IL 60637

Trustee

Trustee
since 2005

President Emeritus and Honorary Trustee of the University of Chicago and the Adam Smith Distinguished Service Professor in the Department of Economics at the University of Chicago. Prior to July 2000, President of the University of Chicago.

Trustee/Director/Managing General Partner of funds in the Fund Complex. 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.

Van Kampen Core Plus Fixed Income Fund

Trustees and Officers Information continued

Number of

Term of

Funds in

Office and

Fund

Position(s)

Length of

Complex

Name, Age and Address

Held With

Time

Principal Occupation(s)

Overseen

Other Directorships

of Independent Trustee

Fund

Served

During Past 5 Years

by Trustee

Held by Trustee

Suzanne H. Woolsey, Ph.D. (67)
815 Cumberstone Road
Harwood, MD 20776

Trustee

Trustee
since 2005

Chief Communications Officer of the National Academy of Sciences/ National Research Council, an independent, federally chartered policy institution, from 2001 to November 2003 and Chief Operating Officer from 1993 to 2001. 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.

Trustee/Director/Managing General Partner of funds in the Fund Complex. Trustee of Changing World Technologies, Inc., an energy manufacturing company, since July 2008. Director of Fluor Corp., an engineering, procurement and construction organization, since January 2004. Director of Intelligent Medical Devices, Inc., a symptom based diagnostic tool for physicians and clinical labs. Director of the Institute for Defense Analyses, a federally funded research and development center, Director of the German Marshall Fund of the United States, Director of the Rocky Mountain Institute of Technology and the Colorado College.

Van Kampen Core Plus Fixed Income Fund

Trustees and Officers Information continued

Interested Trustee*

Number of

Term of

Funds in

Office and

Fund

Position(s)

Length of

Complex

Name, Age and Address

Held With

Time

Principal Occupation(s)

Overseen

Other Directorships

of Interested Trustee

Fund

Served

During Past 5 Years

by Trustee

Held by Trustee

Wayne W. Whalen* (70)
155 North Wacker Drive
Chicago, IL 60606

Trustee

Trustee
since 2005

Partner in the law firm of Skadden, Arps, Slate, Meagher & Flom LLP, legal counsel to funds in the Fund Complex.

Trustee/Director/Managing General Partner of funds in the Fund Complex. Director of the Abraham Lincoln Presidential Library Foundation.


†		As indicated above, prior to February 2008, Ms. Heagy was an employee of Heidrick and Struggles, an international executive search firm (“Heidrick”). Heidrick has been (and may continue to be) engaged by Morgan Stanley from time to time to perform executive searches. Such searches have been done by professionals at Heidrick without any involvement by Ms. Heagy. Ethical wall procedures exist to ensure that Ms. Heagy will not have any involvement with any searches performed by Heidrick for Morgan Stanley. Ms. Heagy does not receive any compensation, directly or indirectly, for searches performed by Heidrick for Morgan Stanley.

*		Mr. Whalen is an “interested person” (within the meaning of Section 2(a)(19) of the 1940 Act) of certain funds in the Fund Complex by reason of he and his firm currently providing legal services as legal counsel to such funds in the Fund Complex.

Van Kampen Core Plus Fixed Income Fund

Trustees and Officers Information continued


Officers:
		Term of
		Office and
	Position(s)	Length of
Name, Age and	Held With	Time	Principal Occupation(s)
Address of Officer	Fund	Served	During Past 5 Years

Edward C. Wood III (53) 1 Parkview Plaza – Suite 100 Oakbrook Terrace, IL 60181	President and Principal Executive Officer	Officer since 2008	President and Principal Executive Officer of funds in the Fund Complex since November 2008. Managing Director of Van Kampen Investments Inc., the Adviser, the Distributor, Van Kampen Advisors Inc. and Van Kampen Exchange Corp. since December 2003. Chief Administrative Officer of the Adviser, Van Kampen Advisors Inc. and Van Kampen Exchange Corp. since December 2002. Chief Operating Officer of the Distributor since December 2002. Director of Van Kampen Advisors Inc., the Distributor and Van Kampen Exchange Corp. since March 2004. Director of the Adviser since August 2008. Director of Van Kampen Investments Inc. and Van Kampen Investor Services Inc. since June 2008. Previously, Director of the Adviser and Van Kampen Investments Inc. from March 2004 to January 2005 and Chief Administrative Officer of Van Kampen Investments Inc. from 2002 to 2009.


Kevin Klingert (47) 522 Fifth Avenue New York, NY 10036	Vice President	Officer since 2008	Vice President of funds in the Fund Complex since May 2008. Global Head, Chief Operating Officer and acting Chief Investment Officer of the Fixed Income Group of Morgan Stanley Investment Management Inc. since April 2008. Head of Global Liquidity Portfolio Management and co-Head of Liquidity Credit Research of Morgan Stanley Investment Management since December 2007. Managing Director of Morgan Stanley Investment Management Inc. from December 2007 to March 2008. Previously, Managing Director on the Management Committee and head of Municipal Portfolio Management and Liquidity at BlackRock from October 1991 to January 2007.


Stefanie V. Chang Yu (42) 522 Fifth Avenue New York, NY 10036	Vice President and Secretary	Officer since 2005	Managing Director of Morgan Stanley Investment Management Inc. Vice President and Secretary of funds in the Fund Complex.


John L. Sullivan (54) 1 Parkview Plaza – Suite 100 Oakbrook Terrace, IL 60181	Chief Compliance Officer	Officer since 2005	Chief Compliance Officer of funds in the Fund Complex since August 2004. Prior to August 2004, Director and Managing Director of Van Kampen Investments, the Adviser, Van Kampen Advisors Inc. and certain other subsidiaries of Van Kampen Investments, Vice President, Chief Financial Officer and Treasurer of funds in the Fund Complex and head of Fund Accounting for Morgan Stanley Investment Management Inc. Prior to December 2002, Executive Director of Van Kampen Investments, the Adviser and Van Kampen Advisors Inc.

Van Kampen Core Plus Fixed Income Fund

An Important Notice Concerning Our

U.S. Privacy Policy

We are required by federal law to provide you with a copy of our privacy policy (“Policy”) annually.

This Policy applies to current and former individual clients of Van Kampen Funds Inc., and Van Kampen Investor Services Inc., as well as current and former individual investors in Van Kampen mutual funds and related companies.

This Policy is not applicable to partnerships, corporations, trusts or other non-individual clients or account holders, nor is this Policy applicable to individuals who are either beneficiaries of a trust for which we serve as trustee or participants in an employee benefit plan administered or advised by us. This Policy is, however, applicable to individuals who select us to be a custodian of securities or assets in individual retirement accounts, 401(k) accounts, 529 Educational Savings Accounts, accounts subject to the Uniform Gifts to Minors Act, or similar accounts. We may amend this Policy at any time, and will inform you of any changes to this Policy as required by law.

We Respect Your Privacy

We appreciate that you have provided us with your personal financial information and understand your concerns about safeguarding such information. We strive to maintain the privacy of such information while we help you achieve your financial objectives. This Policy describes what nonpublic personal information we collect about you, how we collect it, when we may share it with others, and how others may use it. It discusses the steps you may take to limit our sharing of information about you with affiliated Van Kampen companies (“affiliated companies”). It also discloses how you may limit our affiliates’ use of shared information for marketing purposes. Throughout this Policy, we refer to the nonpublic information that personally identifies you or your accounts as “personal information.”

1. What Personal Information Do We Collect About You?

To better serve you and manage our business, it is important that we collect and maintain accurate information about you. We obtain this information from applications and other forms you submit to us, from your dealings with us, from consumer reporting agencies, from our websites and from third parties and other sources. For example:


	•	We collect information such as your name, address, e-mail address, telephone/fax numbers, assets, income and investment objectives through application forms you submit to us.

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Van Kampen Core Plus Fixed Income Fund
An Important Notice Concerning Our
U.S. Privacy Policy continued


	•	We may obtain information about account balances, your use of account(s) and the types of products and services you prefer to receive from us through your dealings and transactions with us and other sources.

	•	We may obtain information about your creditworthiness and credit history from consumer reporting agencies.

	•	We may collect background information from and through third-party vendors to verify representations you have made and to comply with various regulatory requirements.

	•	If you interact with us through our public and private Web sites, we may collect information that you provide directly through online communications (such as an e-mail address). We may also collect information about your Internet service provider, your domain name, your computer’s operating system and Web browser, your use of our Web sites and your product and service preferences, through the use of “cookies.” “Cookies” recognize your computer each time you return to one of our sites, and help to improve our sites’ content and personalize your experience on our sites by, for example, suggesting offerings that may interest you. Please consult the Terms of Use of these sites for more details on our use of cookies.

2. When Do We Disclose Personal Information We Collect About You?

To provide you with the products and services you request, to better serve you, to manage our business and as otherwise required or permitted by law, we may disclose personal information we collect about you to other affiliated companies and to nonaffiliated third parties.

a. Information We Disclose to Our Affiliated Companies. In order to manage your account(s) effectively, including servicing and processing your transactions, to let you know about products and services offered by us and affiliated companies, to manage our business, and as otherwise required or permitted by law, we may disclose personal information about you to other affiliated companies. Offers for products and services from affiliated companies are developed under conditions designed to safeguard your personal information.

b. Information We Disclose to Third Parties. We do not disclose personal information that we collect about you to nonaffiliated third parties except to enable them to provide marketing services on our behalf, to perform joint marketing agreements with other financial institutions, and as otherwise required or permitted by law. For example, some instances where we may disclose information about you to third

(continued on next page)

Van Kampen Core Plus Fixed Income Fund
An Important Notice Concerning Our
U.S. Privacy Policy continued

parties include: for servicing and processing transactions, to offer our own products and services, to protect against fraud, for institutional risk control, to respond to judicial process or to perform services on our behalf. When we share personal information with a nonaffiliated third party, they are required to limit their use of personal information about you to the particular purpose for which it was shared and they are not allowed to share personal information about you with others except to fulfill that limited purpose or as may be required by law.

3. How Do We Protect The Security and Confidentiality Of Personal Information We Collect About You?

We maintain physical, electronic and procedural security measures to help safeguard the personal information we collect about you. We have internal policies governing the proper handling of client information. Third parties that provide support or marketing services on our behalf may also receive personal information about you, and we require them to adhere to confidentiality standards with respect to such information.

4. How Can You Limit Our Sharing Of Certain Personal Information About You With Our Affiliated Companies For Eligibility Determination?

We respect your privacy and offer you choices as to whether we share with our affiliated companies personal information that was collected to determine your eligibility for products and services such as credit reports and other information that you have provided to us or that we may obtain from third parties (“eligibility information”). Please note that, even if you direct us not to share certain eligibility information with our affiliated companies, we may still share your personal information, including eligibility information, with those companies under circumstances that are permitted under applicable law, such as to process transactions or to service your account. We may also share certain other types of personal information with affiliated companies—such as your name, address, telephone number, e-mail address and account number(s), and information about your transactions and experiences with us.

5. How Can You Limit the Use of Certain Personal Information About You by our Affiliated Companies for Marketing?

You may limit our affiliated companies from using certain personal information about you that we may share with them for marketing their products or services to you. This information includes our transactions and other experiences with you such as your

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Van Kampen Core Plus Fixed Income Fund
An Important Notice Concerning Our
U.S. Privacy Policy continued

assets and account history. Please note that, even if you choose to limit our affiliated companies from using certain personal information about you that we may share with them for marketing their products and services to you, we may still share such personal information about you with them, including our transactions and experiences with you, for other purposes as permitted under applicable law.

6. How Can You Send Us an Opt-Out Instruction?

If you wish to limit our sharing of certain personal information about you with our affiliated companies for “eligibility purposes” and for our affiliated companies’ use in marketing products and services to you as described in this notice, you may do so by:


	•	Calling us at (800) 847-2424 Monday-Friday between 8 a.m. and 8 p.m. (EST)

	•	Writing to us at the following address: Van Kampen Privacy Department Harborside Financial Center, Plaza Two, 3rd Floor Jersey City, NJ 07311

If you choose to write to us, your written request should include: your name, address, telephone number and account number(s) to which the opt-out applies and should not be sent with any other correspondence. In order to process your request, we require that the request be provided by you directly and not through a third party. Once you have informed us about your privacy preferences, your opt-out preference will remain in effect with respect to this Policy (as it may be amended) until you notify us otherwise. If you are a joint account owner, we will accept instructions from any one of you and apply those instructions to the entire account. Please allow approximately 30 days from our receipt of your opt-out for your instructions to become effective.

Please understand that if you opt-out, you and any joint account holders may not receive certain Van Kampen or our affiliated companies’ products and services that could help you manage your financial resources and achieve your investment objectives.

If you have more than one account with us or our affiliates, you may receive multiple privacy policies from us, and would need to follow the directions stated in each particular policy for each account you have with us.

(continued on back)

Van Kampen Core Plus Fixed Income Fund
An Important Notice Concerning Our
U.S. Privacy Policy continued

SPECIAL NOTICE TO RESIDENTS OF VERMONT

This section supplements our Policy with respect to our individual clients who have a Vermont address and supersedes anything to the contrary in the above Policy with respect to those clients only.

The State of Vermont requires financial institutions to obtain your consent prior to sharing personal information that they collect about you with affiliated companies and nonaffiliated third parties other than in certain limited circumstances. Except as permitted by law, we will not share personal information we collect about you with nonaffiliated third parties or other affiliated companies unless you provide us with your written consent to share such information (“opt-in”).

If you wish to receive offers for investment products and services offered by or through other affiliated companies, please notify us in writing at the following address:


		Van Kampen Privacy Department Harborside Financial Center, Plaza Two, 3rd Floor Jersey City, NJ 07311

Your authorization should include: your name, address, telephone number and account number(s) to which the opt-in applies and should not be sent with any other correspondence. In order to process your authorization, we require that the authorization be provided by you directly and not through a third-party.

The Statement of Additional Information includes additional information about Fund trustees and is available, without charge, upon request by calling 1-800-847-2424.

Van Kampen Funds Inc.

522 Fifth Avenue

New York, New York 10036

www.vankampen.com

122, 222, 322, 622

CPFIANN 10/09

IU09-04532P-Y08/09

Item 2. Code of Ethics.

(a)		The Fund has adopted a code of ethics (the “Code of Ethics”) that applies to its principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the Fund or a third party.

(b)		No information need be disclosed pursuant to this paragraph.

(c)		Due to personnel changes at the Adviser, the list of covered officers set forth in Exhibit B was amended in November 2008 and the general counsel’s designee set forth in Exhibit C was amended in April 2009. Both editions of Exhibit B and both editions of Exhibit C are attached.

(d)		Not applicable.

(e)		Not applicable.

(f)

	(1)		The Fund’s Code of Ethics is attached hereto as Exhibit 12(1).

	(2)		Not applicable.

	(3)		Not applicable.

Item 3. Audit Committee Financial Expert.

The Fund’s Board of Trustees has determined that it has three “audit committee financial experts” serving on its audit committee, each of whom are “independent” Trustees : Rod Dammeyer, Jerry D. Choate and R. Craig Kennedy. Under applicable securities laws, a person who is determined to be an audit committee financial expert will not be deemed an “expert” for any purpose, including without limitation for the purposes of Section 11 of the Securities Act of 1933, as a result of being designated or identified as an audit committee financial expert. The designation or identification of a person as an audit committee financial expert does not impose on such person any duties, obligations, or liabilities that are greater than the duties, obligations, and liabilities imposed on such person as a member of the audit committee and Board of Trustees in the absence of such designation or identification.

Item 4. Principal Accountant Fees and Services.

(a)(b)(c)(d) and (g). Based on fees billed for the periods shown:

2009


	Registrant			Covered Entities⁽¹⁾
Audit Fees	$	34,400			N/A

Non-Audit Fees
Audit-Related Fees	$	0		$	0
Tax Fees	$	3,400	⁽³⁾	$	135,224	⁽⁴⁾
All Other Fees	$	0		$	333,170	⁽⁵⁾
Total Non-Audit Fees	$	3,400		$	468,394

Total	$	37,800		$	468,394

2008


	Registrant			Covered Entities⁽¹⁾
Audit Fees	$	34,400			N/A

Non-Audit Fees
Audit-Related Fees	$	0		$	300,200	⁽²⁾
Tax Fees	$	3,400	⁽³⁾	$	144,357	⁽⁴⁾
All Other Fees	$	0		$	694,038	⁽⁵⁾
Total Non-Audit Fees	$	3,400		$	1,138,595

Total	$	37,800		$	1,138,595

N/A- Not applicable, as not required by Item 4.


⁽¹⁾		Covered Entities include the Adviser (excluding sub-advisors) and any entity controlling, controlled by or under common control with the Adviser that provides ongoing services to the Registrant.

⁽²⁾		Audit-Related Fees represent assurance and related services provided that are reasonably related to the performance of the audit of the financial statements of the Covered Entities’ and funds advised by the Adviser or its affiliates, specifically attestation services provided in connection with a SAS 70 Report.

⁽³⁾		Tax Fees represent tax advice and compliance services provided in connection with the review of the Registrant’s tax.

⁽⁴⁾		Tax Fees represent tax advice services provided to Covered Entities, including research and identification of PFIC entities.

⁽⁵⁾		All Other Fees represent attestation services provided in connection with performance presentation standards and assistance with compliance policies and procedures.

(e)(1) The audit committee’s pre-approval policies and procedures are as follows:

JOINT AUDIT COMMITTEE
AUDIT AND NON-AUDIT SERVICES
PRE-APPROVAL POLICY AND PROCEDURES
OF THE
VAN KAMPEN FUNDS

AS ADOPTED JULY 23, 2003 AND AMENDED MAY 26, 2004¹

1. STATEMENT OF PRINCIPLES

The Audit Committee of the Board is required to review and, in its sole discretion, pre-approve all Covered Services to be provided by the Independent Auditors to the Fund and Covered Entities in order to assure that services performed by the Independent Auditors do not impair the auditor’s independence from the Fund.²

The SEC has issued rules specifying the types of services that an independent auditor may not provide to its audit client, as well as the audit committee’s administration of the engagement of the independent auditor. The SEC’s rules establish two different approaches to pre-approving services, which the SEC considers to be equally valid. Proposed services either: may be pre-approved without consideration of specific case-by-case services by the Audit Committee (“general pre-approval”); or require the specific pre-approval of the Audit Committee (“specific pre-approval”). The Audit Committee believes that the combination of these two approaches in this Policy will result in an effective and efficient procedure to pre-approve services performed by the Independent Auditors. As set forth in this Policy, unless a type of service has received general pre-approval, it will require specific pre-approval by the Audit Committee (or by any member of the Audit Committee to which pre-approval authority has been delegated) if it is to be provided by the Independent Auditors. Any proposed services exceeding pre-approved cost levels or budgeted amounts will also require specific pre-approval by the Audit Committee.

For both types of pre-approval, the Audit Committee will consider whether such services are consistent with the SEC’s rules on auditor independence. The Audit Committee will also consider whether the Independent Auditors are best positioned to provide the most effective and efficient services, for reasons such as its familiarity with the Fund’s business, people, culture, accounting systems, risk profile and other factors, and whether the service might enhance the Fund’s ability to manage or control risk or improve audit quality. All such factors will be considered as a whole, and no one factor should necessarily be determinative.

The Audit Committee is also mindful of the relationship between fees for audit and non-audit services in deciding whether to pre-approve any such services and may determine for each fiscal year, the appropriate ratio between the total amount of fees for Audit, Audit-related and Tax services for the Fund (including any Audit-related or Tax service fees for Covered Entities that were subject to pre-approval), and the total amount of fees for certain permissible non-audit services classified as All Other services for the Fund (including any such services for Covered Entities subject to pre-approval).

The appendices to this Policy describe the Audit, Audit-related, Tax and All Other services that have the general pre-approval of the Audit Committee. The term of any general pre-approval is 12 months from the date of pre-approval, unless the Audit Committee considers and provides a different period and states otherwise. The Audit Committee will annually review and pre-approve the services that may be provided by the Independent Auditors without obtaining specific pre-approval from the Audit Committee. The Audit Committee will add to or subtract from the list of general pre-approved services from time to time, based on subsequent determinations.

The purpose of this Policy is to set forth the policy and procedures by which the Audit Committee intends to fulfill its responsibilities. It does not delegate the Audit Committee’s responsibilities to pre-approve services performed by the Independent Auditors to management.


¹		This Joint Audit Committee Audit and Non-Audit Services Pre-Approval Policy and Procedures (the “Policy”), amended as of the date above, supercedes and replaces all prior versions that may have been amended from time to time.

²		Terms used in this Policy and not otherwise defined herein shall have the meanings as defined in the Joint Audit Committee Charter.

The Fund’s Independent Auditors have reviewed this Policy and believes that implementation of the Policy will not adversely affect the Independent Auditors’ independence.

2. Delegation

As provided in the Act and the SEC’s rules, the Audit Committee may delegate either type of pre-approval authority to one or more of its members. The member to whom such authority is delegated must report, for informational purposes only, any pre-approval decisions to the Audit Committee at its next scheduled meeting.

3. Audit Services

The annual Audit services engagement terms and fees are subject to the specific pre-approval of the Audit Committee. Audit services include the annual financial statement audit and other procedures required to be performed by the Independent Auditors to be able to form an opinion on the Fund’s financial statements. These other procedures include information systems and procedural reviews and testing performed in order to understand and place reliance on the systems of internal control, and consultations relating to the audit. The Audit Committee will monitor the Audit services engagement as necessary, but no less than on a quarterly basis, and will also approve, if necessary, any changes in terms, conditions and fees resulting from changes in audit scope, Fund structure or other items.

In addition to the annual Audit services engagement approved by the Audit Committee, the Audit Committee may grant general pre-approval to other Audit services, which are those services that only the Independent Auditors reasonably can provide. Other Audit services may include statutory audits and services associated with SEC registration statements (on Forms N-1A, N-2, N-3, N-4, etc.), periodic reports and other documents filed with the SEC or other documents issued in connection with securities offerings.

The Audit Committee has pre-approved the Audit services in Appendix B.1. All other Audit services not listed in Appendix B.1 must be specifically pre-approved by the Audit Committee (or by any member of the Audit Committee to which pre-approval has been delegated).

4. Audit-related Services

Audit-related services are assurance and related services that are reasonably related to the performance of the audit or review of the Fund’s financial statements or, to the extent they are Covered Services, the Covered Entities’ financial statements, or that are traditionally performed by the Independent Auditors. Because the Audit Committee believes that the provision of Audit-related services does not impair the independence of the auditor and is consistent with the SEC’s rules on auditor independence, the Audit Committee may grant general pre-approval to Audit-related services. Audit-related services include, among others, accounting consultations related to accounting, financial reporting or disclosure matters not classified as “Audit services”; assistance with understanding and implementing new accounting and financial reporting guidance from rulemaking authorities; agreed-upon or expanded audit procedures related to accounting and/or billing records required to respond to or comply with financial, accounting or regulatory reporting matters; and assistance with internal control reporting requirements under Forms N-SAR and/or N-CSR.

The Audit Committee has pre-approved the Audit-related services in Appendix B.2. All other Audit-related services not listed in Appendix B.2 must be specifically pre-approved by the Audit Committee (or by any member of the Audit Committee to which pre-approval has been delegated).

5. Tax Services

The Audit Committee believes that the Independent Auditors can provide Tax services to the Fund and, to the extent they are Covered Services, the Covered Entities, such as tax compliance, tax planning and tax advice without impairing the auditor’s independence, and the SEC has stated that the Independent Auditors may provide such services. Hence, the Audit Committee believes it may grant general pre-approval to those Tax services that have historically been provided by the Independent Auditors, that the Audit Committee has reviewed and believes would not impair the independence of the Independent Auditors, and that are consistent with the SEC’s rules on auditor independence. The Audit Committee will not permit the retention of the

Independent Auditors in connection with a transaction initially recommended by the Independent Auditors, the sole business purpose of which may be tax avoidance and the tax treatment of which may not be supported in the Internal Revenue Code and related regulations. The Audit Committee will consult with Director of Tax or outside counsel to determine that the tax planning and reporting positions are consistent with this policy.

Pursuant to the preceding paragraph, the Audit Committee has pre-approved the Tax Services in Appendix B.3. All Tax services involving large and complex transactions not listed in Appendix B.3 must be specifically pre-approved by the Audit Committee (or by any member of the Audit Committee to which pre-approval has been delegated), including tax services proposed to be provided by the Independent Auditors to any executive officer or trustee/director/managing general partner of the Fund, in his or her individual capacity, where such services are paid for by the Fund (generally applicable only to internally managed investment companies).

6. All Other Services

The Audit Committee believes, based on the SEC’s rules prohibiting the Independent Auditors from providing specific non-audit services, that other types of non-audit services are permitted. Accordingly, the Audit Committee believes it may grant general pre-approval to those permissible non-audit services classified as All Other services that it believes are routine and recurring services, would not impair the independence of the auditor and are consistent with the SEC’s rules on auditor independence.

The Audit Committee has pre-approved the All Other services in Appendix B.4. Permissible All Other services not listed in Appendix B.4 must be specifically pre-approved by the Audit Committee (or by any member of the Audit Committee to which pre-approval has been delegated).

A list of the SEC’s prohibited non-audit services is attached to this policy as Appendix B.5. The SEC’s rules and relevant guidance should be consulted to determine the precise definitions of these services and the applicability of exceptions to certain of the prohibitions.

7. Pre-Approval Fee Levels or Budgeted Amounts

Pre-approval fee levels or budgeted amounts for all services to be provided by the Independent Auditors will be established annually by the Audit Committee. Any proposed services exceeding these levels or amounts will require specific pre-approval by the Audit Committee. The Audit Committee is mindful of the overall relationship of fees for audit and non-audit services in determining whether to pre-approve any such services. For each fiscal year, the Audit Committee may determine the appropriate ratio between the total amount of fees for Audit, Audit-related, and Tax services for the Fund (including any Audit-related or Tax services fees for Covered Entities subject to pre-approval), and the total amount of fees for certain permissible non-audit services classified as All Other services for the Fund (including any such services for Covered Entities subject to pre-approval).

8. Procedures

All requests or applications for services to be provided by the Independent Auditors that do not require specific approval by the Audit Committee will be submitted to the Fund’s Chief Financial Officer and must include a detailed description of the services to be rendered. The Fund’s Chief Financial Officer will determine whether such services are included within the list of services that have received the general pre-approval of the Audit Committee. The Audit Committee will be informed on a timely basis of any such services rendered by the Independent Auditors. Requests or applications to provide services that require specific approval by the Audit Committee will be submitted to the Audit Committee by both the Independent Auditors and the Fund’s Chief Financial Officer, and must include a joint statement as to whether, in their view, the request or application is consistent with the SEC’s rules on auditor independence.

The Audit Committee has designated the Fund’s Chief Financial Officer to monitor the performance of all services provided by the Independent Auditors and to determine whether such services are in compliance with this Policy. The Fund’s Chief Financial Officer will report to the Audit Committee on a periodic basis on the results of its monitoring. A sample report is included as Appendix B.7. Both the Fund’s Chief Financial Officer and management will immediately report to the chairman of the Audit Committee any breach of this Policy that comes to the attention of the Fund’s Chief Financial Officer or any member of management.

9. Additional Requirements

The Audit Committee has determined to take additional measures on an annual basis to meet its responsibility to oversee the work of the Independent Auditors and to assure the auditor’s independence from the Fund, such as reviewing a formal written statement from the Independent Auditors delineating all relationships between the Independent Auditors and the Fund, consistent with Independence Standards Board No. 1, and discussing with the Independent Auditors its methods and procedures for ensuring independence.

10. Covered Entities

Covered Entities include the Fund’s investment adviser(s) and any entity controlling, controlled by or under common control with the Fund’s investment adviser(s) that provides ongoing services to the Fund(s). Beginning with non-audit service contracts entered into on or after May 6, 2003, the Fund’s audit committee must pre-approve non-audit services provided not only to the Fund but also to the Covered Entities if the engagements relate directly to the operations and financial reporting of the Fund. This list of Covered Entities would include:

	•		Van Kampen Investments Inc.

	•		Van Kampen Asset Management

	•		Van Kampen Advisors Inc.

	•		Van Kampen Funds Inc.

	•		Van Kampen Investor Services Inc.

	•		Morgan Stanley Investment Management Inc.

	•		Morgan Stanley Trust Company

	•		Morgan Stanley Investment Management Ltd.

	•		Morgan Stanley Investment Management Company

	•		Morgan Stanley Asset & Investment Trust Management Company Ltd.

(e)(2) Beginning with non-audit service contracts entered into on or after May 6, 2003, the audit committee also is required to pre-approve services to Covered Entities to the extent that the services are determined to have a direct impact on the operations or financial reporting of the Registrant. 100% of such services were pre-approved by the audit committee pursuant to the Audit Committee’s pre-approval policies and procedures (included herein).

(f) Not applicable.

(g) See table above.

(h) The audit committee of the Board of Trustees has considered whether the provision of services other than audit services performed by the auditors to the Registrant and Covered Entities is compatible with maintaining the auditors’ independence in performing audit services.

Item 5. Audit Committee of Listed Registrants.

(a) The Fund has a separately-designated standing audit committee established in accordance with Section 3(a)(58)(A) of the Exchange Act whose members are: R. Craig Kennedy, Jerry D. Choate, Rod Dammeyer.

(b) Not applicable.

Item 6. Schedule of Investments.

(a) Please refer to Item #1.

(b) Not applicable.

Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.

Not applicable.

Item 8. Portfolio Managers of Closed-End Management Investment Companies.

Not applicable.

Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.

Not applicable.

Item 10. Submission of Matters to a Vote of Security Holders.

Not applicable.

Item 11. Controls and Procedures.

(a) The Fund’s principal executive officer and principal financial officer have concluded that the Fund’s disclosure controls and procedures are sufficient to ensure that information required to be disclosed by the Fund in this Form N-CSR was recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms, based upon such officers’ evaluation of these controls and procedures as of a date within 90 days of the filing date of the report.

(b) There were no changes in the registrant’s internal control over financial reporting that occurred during the second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 12. Exhibits.

(1) The Code of Ethics for Principal Executive and Senior Financial Officers is attached hereto.

(2)(a) A certification for the Principal Executive Officer of the registrant is attached hereto as part of EX-99.CERT.

(2)(b) A certification for the Principal Financial Officer of the registrant is attached hereto as part of EX-99.CERT.


	United States
	Government Agencies
	& Obligations

Balance as of 8/31/08	$	135,618
Accrued Discounts/Premiums		-0-
Realized Gain/Loss		41,597
Change in Unrealized Appreciation/Depreciation		(23,575	)
Net Purchases/Sales		(135,894	)
Net Transfers in and/or out of Level 3		(17,746	)

Balance as of 8/31/09	$	-0-

Net Change in Unrealized Appreciation/Depreciation from Investments still held as of 8/31/09	$	-0-





		MUTUAL FUNDS Van Kampen Core Plus Fixed Income Fund

		Privacy Notice information on the back.



By:	/s/ Edward C. Wood III
	Name:	Edward C. Wood III
	Title:	Principal Executive Officer



By:	/s/ Stuart N. Schuldt
	Name:	Stuart N. Schuldt
	Title:	Principal Financial Officer

	•		honest and ethical conduct, including the ethical handling of actual or apparent conflicts of interest between personal and professional relationships.

	•		full, fair, accurate, timely and understandable disclosure in reports and documents that a company files with, or submits to, the Securities and Exchange Commission (“SEC”) and in other public communications made by the Fund;

	•		compliance with applicable laws and governmental rules and regulations;

	•		prompt internal reporting of violations of the Code to an appropriate person or persons identified in the Code; and

	•		accountability for adherence to the Code.

	•		use his personal influence or personal relationships improperly to influence investment decisions or financial reporting by the Fund whereby the Covered Officer would benefit personally (directly or indirectly);

	•		cause the Fund to take action, or fail to take action, for the individual personal benefit of the Covered Officer rather than the benefit of the Fund; or

	•		use material non-public knowledge of portfolio transactions made or contemplated for, or actions proposed to be taken by, the Fund to trade personally or cause others to trade personally in contemplation of the market effect of such transactions.

	•		Each Covered Officer should familiarize himself/herself with the disclosure and compliance requirements generally applicable to the Funds;

	•		each Covered Officer must not knowingly misrepresent, or cause others to misrepresent, facts about the Fund to others, whether within or outside the Fund, including to the Fund’s Directors/Trustees and auditors, or to governmental regulators and self-regulatory organizations;

	•		each Covered Officer should, to the extent appropriate within his area of responsibility, consult with other officers and employees of the Funds and their investment advisers with the goal of promoting full, fair, accurate, timely and understandable disclosure in the reports and documents the Funds file with, or submit to, the SEC and in other public communications made by the Funds; and

	•		it is the responsibility of each Covered Officer to promote compliance with the standards and restrictions imposed by applicable laws, rules and regulations.

IV.		Reporting and Accountability

		Each Covered Officer must:

	•		upon adoption of the Code (thereafter as applicable, upon becoming a Covered Officer), affirm in writing to the Boards that he has received, read and understands the Code;

	•		annually thereafter affirm to the Boards that he has complied with the requirements of the Code;

	•		not retaliate against any other Covered Officer, other officer or any employee of the Funds or their affiliated persons for reports of potential violations that are made in good faith; and

	•		notify the General Counsel promptly if he/she knows or suspects of any violation of this Code. Failure to do so is itself a violation of this Code.

	•		the General Counsel will take all appropriate action to investigate any potential violations reported to him;

	•		if, after such investigation, the General Counsel believes that no violation has occurred, the General Counsel is not required to take any further action;

	•		any matter that the General Counsel believes is a violation will be reported to the relevant Fund’s Audit Committee;

	•		if the directors/trustees/managing general partners who are not “interested persons” as defined by the Investment Company Act (the “Independent Directors/Trustees/Managing General Partners”) of the relevant Fund concur that a violation has occurred, they will consider appropriate action, which may include review of, and appropriate modifications to, applicable policies and procedures; notification to appropriate personnel of the investment adviser or its board; or a recommendation to dismiss the Covered Officer or other appropriate disciplinary actions;

	•		the Independent Directors/Trustees/Managing General Partners of the relevant Fund will be responsible for granting waivers of this Code, as appropriate; and

	•		any changes to or waivers of this Code will, to the extent required, be disclosed as provided by SEC rules.


³		Item 2 of Form N-CSR defines “waiver” as “the approval by the registrant of a material departure from a provision of the code of ethics.”

1.		I have reviewed this report on Form N-CSR of Van Kampen Trust;

2.		Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.		Based on my knowledge, the financial statements and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

4.		The registrant’s other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

	a)		designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

	b)		designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

	c)		evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

	d)		disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

	a)		all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and

	b)		any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal controls over financial reporting.