<DOCUMENT>
<TYPE>EX-99.77D POLICIES
<SEQUENCE>3
<FILENAME>ex77d.txt
<TEXT>

CHANGES IN INVESTMENT POLICIES

The Board of Trustees of the trust recently approved a non-fundamental
investment policy for the trust allowing it to invest up to 20% of its
assets in unrated securities that have been determined by Van Kampen
Asset Management (the "Adviser") to be of comparable quality to those
rated investment grade.  This is in addition to the trust's current
non-fundamental policy allowing it to invest up to 20% of its assets in
unrated securities that have determined by the Adviser to be of
comparable quality to those rated below investment grade (BB/Ba or B by
Standard & Poor's, Moody's Investor Services, Inc. or Fitch Ratings,
Inc.).




</TEXT>
</DOCUMENT>
