Van Kampen Tax Free Trust NCSRS Certified semi-annual shareholder report (management investment company)

Van Kampen Tax Free Trust Inactive N-CSRSCertified semi-annual shareholder report (management investment company)

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-CSRS

CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number 811-4386

Van Kampen Tax Free Trust

(Exact name of registrant as specified in charter)

522 Fifth Avenue, New York, New York 10036

(Address of principal executive offices) (Zip code)

Edward C. Wood III
522 Fifth Avenue, New York, New York 10036

(Name and address of agent for service)

Registrant’s telephone number, including area code: 212-762-4000

Date of fiscal year end: 9/30

Date of reporting period: 3/31/09

Item 1. Report to Shareholders.

The Fund’s semi-annual report transmitted to shareholders pursuant to Rule 30e-1
under the Investment Company Act of 1940 is as follows:

Welcome, Shareholder

In this report, you’ll learn about how your investment in Van Kampen Insured Tax Free Income Fund performed during the semiannual 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 March 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 prospectuses contain 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 a mutual 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.

Income may subject certain individuals to the federal Alternative Minimum Tax (AMT).

Performance Summary as of 3/31/09


	A Shares						B Shares						C Shares						I Shares
	since 12/14/84						since 5/3/93						since 8/13/93						since 8/12/05
				w/max						w/max						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		6.38	%		6.16	%		3.45	%		3.45	%		2.92	%		2.92	%		–0.78	%

10-year		2.73			2.23			2.10			2.10			1.94			1.94			—

5-year		0.28			–0.70			–0.47			–0.72			–0.48			–0.48			—

1-year		–2.88			–7.47			–3.55			–7.25			–3.56			–4.48			–2.63

6-month		2.41			–2.44			2.09			–1.90			2.09			1.09			2.53


SEC 30-Day Yield	4.21%						3.68%						3.68%							4.67%

Gross Expense Ratio	1.47%						2.22%						2.23%							1.22%

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. Expenses are as of the Fund’s fiscal year end.

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 six), 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. The since inception and 10-year returns for Class B shares reflect their conversion into Class A shares eight years after purchase. 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 non-qualified 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. Periods less than one year are not annualized.

SEC yield is a calculation for determining the amount of portfolio income, excluding non-income items as prescribed by the SEC. Yields are subject to change.

Fund Report

For the six-month period ended March 31, 2009

Market Conditions

The six months under review can be divided into two distinct periods in terms of municipal market performance. The first of these, the last quarter of 2008, marked one of the worst periods in the history of the municipal bond market as well as the broad financial markets. Extreme risk aversion emerged as investors became skittish following the government takeovers, forced mergers or failures of several venerable financial institutions that began in September. Massive deleveraging and forced selling ensued and tax-exempt bond funds experienced significant outflows as investors fled to the relative safety of Treasury securities and money market funds. These factors pushed municipal bond prices to their cheapest levels in history relative to Treasury bonds.

Not surprisingly in this risk-averse environment, the lower-rated segment of the market underperformed, with high-yield municipal bonds (those rated below triple-B or non-rated issues) returning −21.25 percent for the fourth quarter (as measured by the Barclays Capital High Yield Municipal Bond Index) while triple-B rated issues returned −14.68 percent and triple-A rated issues returned 3.44 percent (as measured by the Barclays Capital Municipal Bond Index).

The first quarter of 2009 was markedly better for municipal bond investors. Credit concerns eased, deleveraging slowed considerably, and investors began to re-enter the market, driving municipal bond prices higher. Yields declined by as much as 80 basis points on the front end of the municipal yield curve during the quarter, while yields on long-maturity issues fell roughly 25 basis points. The rally was accompanied by a narrowing of credit spreads, which helped the high-yield segment of the market to outperform. For the quarter, high-yield municipals returned 7.65 percent, triple-B rated issues returned 7.22 percent and triple-A rated issues returned 3.52 percent.

Although the high-yield segment rebounded nicely in the first three months of 2009, the gains were not enough to offset the losses in the last quarter of 2008. As a result, higher-quality issues outperformed for the overall six-month reporting period. With regard to sectors, performance was largely dependent on credit quality, with the lower-quality industrial development revenue/pollution control revenue (i.e. corporate-backed) and tobacco sectors turning in the worst performance while water and sewer and housing bonds posted the highest returns.

The credit crunch squeezed municipal bond issuance, which declined by nine percent in 2008. As the credit quality of municipal bond issuers crumbled during the year, insured bond volume fell to 18 percent of total issuance, a dramatic decline from the 55 percent average over the past few years. This large increase in uninsured bonds has disrupted many historical measures of value in the municipal bond market. In the first quarter of 2009, issuance rose and was easily placed due to robust retail demand. In a significant reversal from the last quarter

of 2008, municipal bond funds saw approximately $11 billion in net inflows as investors recognized the historical cheapness of the municipal sector.

Performance Analysis

All share classes of Van Kampen Insured Tax Free Income Fund underperformed the Barclays Capital Municipal Bond Index (the “Index”) for the six months ended March 31, 2009, assuming no deduction of applicable sales charges.

Total returns for the six-month period ended March 31, 2009


												Barclays Capital
												Municipal
Class A			Class B			Class C			Class I			Bond Index

	2.41	%		2.09	%		2.09	%		2.53	%		5.00	%

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 positioning in other areas, however, was additive to relative performance. In particular, an overweight to housing bonds was beneficial as the sector enjoyed strong performance, especially in the first quarter of 2009. An overweight in health care also helped enhance relative performance. Most of the Fund’s holdings in the sector were insured, which helped performance as these issues fared better than uninsured issues during the period. Lastly, holdings in municipal auction rate securities with zero durations (a measure of interest-rate sensitivity) helped enhance the portfolio’s income as the yields on these securities remained well above those of comparable money market instruments.

It should be noted that over the course of the reporting period, we reduced the Fund’s exposure to the long end of the curve and trimmed holdings in the tobacco sector.

Additionally, we reduced exposure to lower-quality insured issues while also enhancing diversification of insured holdings by investing in more sectors and taking smaller positions.

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.


Summary of Investments by State/Country Classification as of 3/31/09 (Unaudited)

California	17.1	%
Illinois	13.9
Florida	9.1
Texas	9.1
Washington	8.5
Georgia	5.5
Nebraska	2.8
Colorado	2.8
New York	2.5
South Carolina	2.5
Pennsylvania	2.5
Louisiana	2.5
Arizona	2.4
Alaska	2.1
Oklahoma	1.9
South Dakota	1.6
Kentucky	1.5
Massachusetts	1.4
New Jersey	1.4
North Dakota	1.3
Nevada	1.2
District of Columbia	1.1
Ohio	0.9
North Carolina	0.8
Minnesota	0.8
Idaho	0.7
Wyoming	0.5
Arkansas	0.5
Alabama	0.5
Puerto Rico	0.4
Wisconsin	0.4
Missouri	0.3
Indiana	0.3
Iowa	0.3
New Mexico	0.2
Kansas	0.2
Michigan	0.2
West Virginia	0.2
Utah	0.2
Tennessee	0.2
Mississippi	0.2

Total Investments	102.5
Liability for Floating Rate Note Obligations Related to Securities Held	(3.6	)

Total Net Investments	98.9
Other Assets in Excess of Liabilities	1.1

Net Assets	100.0	%


Ratings Allocations as of 3/31/09 (Unaudited)

AAA/Aaa	47.1	%
AA/Aa	24.1

(continued on next page)


Ratings Allocations as of 3/31/09 (Unaudited)
(continued from previous page)

A/A	18.7
BBB/Baa	7.1
BB/Ba	0.5
NR	2.5


Top Five Sectors as of 3/31/09 (Unaudited)

Hospital	15.6	%
Wholesale Electric	13.7
Airports	10.7
Public Education	8.0
Higher Education	7.3

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 sectors shown above. Ratings allocations and sectors are as a percentage of total long-term investments. Summary of investments by state classification are as a percentage of total net assets. Securities are classified by sectors that represent broad groupings of related industries. 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. Rating allocations based upon ratings as issued by Standard and Poor’s and Moody’s, respectively.

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 10/1/08 - 3/31/09.

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*

	10/1/08		3/31/09		10/1/08-3/31/09

Class A
Actual	$	1,000.00	$	1,024.06	$	5.25
Hypothetical		1,000.00		1,019.75		5.24
(5% annual return before expenses)

Class B
Actual		1,000.00		1,020.90		9.07
Hypothetical		1,000.00		1,015.96		9.05
(5% annual return before expenses)

Class C
Actual		1,000.00		1,020.93		9.07
Hypothetical		1,000.00		1,015.96		9.05
(5% annual return before expenses)

Class I
Actual		1,000.00		1,025.34		4.04
Hypothetical		1,000.00		1,020.94		4.03
(5% annual return before expenses)


*		Expenses are equal to the Fund’s annualized expense ratio of 1.04%, 1.80%, 1.80% and 0.80% for Class A, B, C and I Shares, respectively, multiplied by the average account value over the period, multiplied by 182/365 (to reflect the one-half year period).

Assumes all dividends and distributions were reinvested.

The following table shows what expenses would have paid, excluding interest and residual trust expenses.


	Beginning		Ending		Expenses Paid
	Account Value		Account Value		During Period*

	10/1/08		3/31/09		10/1/08-3/31/09

Class A
Actual	$	1,000.00	$	1,024.06	$	4.54
Hypothetical		1,000.00		1,020.44		4.53
(5% annual return before expenses)

Class B
Actual		1,000.00		1,020.90		8.36
Hypothetical		1,000.00		1,016.65		8.35
(5% annual return before expenses)

Class C
Actual		1,000.00		1,020.93		8.36
Hypothetical		1,000.00		1,016.65		8.35
(5% annual return before expenses)

Class I
Actual		1,000.00		1,025.34		3.33
Hypothetical		1,000.00		1,021.64		3.33
(5% annual return before expenses)


*		Expenses are equal to the Fund’s annualized ratio of 0.90%, 1.66%, 1.66% and 0.66% for Class A, B, C and I Shares, respectively, multiplied by the average account value over the period, multiplied by 182/365 (to reflect the one-half year period).

Assumes all dividends and distributions were reinvested.

Van Kampen Insured Tax Free Income Fund

Portfolio of Investments n March 31, 2009 (Unaudited)


Par
Amount
(000)		Description	Coupon			Maturity	Value


		Municipal Bonds 102.1% Alabama 0.5%
$	1,095	Birmingham, AL Wtrwks & Swr Brd Rev, Ser A (NATL Insd)		5.000	%	01/01/21	$	1,127,543
	3,670	Houston Cnty, AL Hlthcare Auth, Ser A (AMBAC Insd)		5.250		10/01/30		2,850,122

								3,977,665

		Alaska 2.1%
	6,525	Alaska St Intl Arpt Rev Rfdg, Ser B (NATL Insd)		5.000		10/01/24		6,448,788
	9,570	Alaska St Intl Arpt Rev Rfdg, Ser D (NATL Insd)		5.000		10/01/24		9,458,222
	1,215	Anchorage, AK Wtr Rev Rfdg (AMBAC Insd)		6.000		09/01/19		1,247,684
	210	Anchorage, AK Wtr Rev Rfdg (AMBAC Insd) (Prerefunded @ 9/01/09)		6.000		09/01/19		217,018

								17,371,712

		Arizona 2.4%
	5,000	Arizona Hlth Fac Auth Rev Banner Hlth, Ser D (BHAC Insd)		5.500		01/01/38		5,072,350
	885	Arizona St Univ Ctf Partn Resh Infrastructure Proj (AMBAC Insd)		5.250		09/01/24		892,009
	2,800	Goodyear, AZ McDowell Rd Coml Corridor Impt Dist (AMBAC Insd)		5.250		01/01/32		2,378,096
	4,500	Maricopa Cnty, AZ Pollutn Ctl Corp Pollutn Ctl Rev El Paso Elec Co Rfdg, Ser A (FGIC Insd)		4.800		08/01/40		3,620,925
	1,900	Pima Cnty, AZ Indl Dev Auth AZ Charter Sch Proj, Ser O		5.000		07/01/26		1,223,904
	1,750	Pima Cnty, AZ Indl Dev Auth AZ Charter Sch Proj, Ser O		5.250		07/01/31		1,069,985
	180	Pima Cnty, AZ Indl Dev Auth Indl Rev Lease Oblig Irvington Proj Tucson Elec Pwr Co Rfdg, Ser A (FSA Insd)		7.250		07/15/10		180,915
	3,000	Salt River Proj AZ Agric Impt & Pwr Dist Elec Sys Rev, Ser A		5.000		01/01/25		3,107,550
	2,000	Salt River Proj AZ Agric Impt & Pwr Dist Elec Sys Rev, Ser A		5.000		01/01/28		2,022,940

								19,568,674

		Arkansas 0.5%
	4,290	Little Rock, AR Sch Dist Rfdg, Ser B (FSA Insd)		5.500		02/01/25		4,333,887


		California 17.1%
	3,780	Bay Area Govt Assn CA Rev Tax Alloc CA Redev Pool, Ser A (Syncora Gtd)		5.250		09/01/35		2,892,305
	2,205	Bell, CA Cmnty Hsg Auth Lease Rev Rfdg (AMBAC Insd)		5.000		10/01/30		1,840,403
	2,000	California Hsg Fin Agy Rev Home Mtg, Ser E (FGIC Insd) (AMT)		5.000		02/01/24		1,746,680
	10,935	California Hsg Fin Agy Rev Home Mtg, Ser G (AMT) (a)		5.050		02/01/29		8,700,815

See Notes to Financial Statements

Van Kampen Insured Tax Free Income Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity	Value


		California (Continued)
$	3,500	California Hsg Fin Agy Rev Home Mtg, Ser K (AMT)		5.300	%	08/01/23	$	3,126,865
	4,000	California Hsg Fin Agy Rev Home Mtg, Ser K (AMT)		5.450		08/01/28		3,400,600
	9,585	California St Dept Vet Affairs Home Pur Rev, Ser A (AMT) (a)		4.950		12/01/37		7,473,281
	4,250	California St Dept Vet Affairs Home Pur Rev, Ser B (AMT)		5.150		12/01/27		3,626,185
	3,320	California Stwide Cmnty Dev Auth Rev Mtg Ridgecrest Rgl, Ser A (NATL Insd)		5.000		02/01/37		2,488,174
	2,980	California Stwide Cmnty Dev Auth Wtr & Wastewtr Rev Pooled Fin Pgm, Ser C (FSA Insd)		5.000		10/01/29		2,867,237
	4,000	California Stwide Cmnty Dev Auth Wtr & Wastewtr Rev Pooled Fin Pgm, Ser C (FSA Insd)		5.250		10/01/34		3,892,080
	1,095	California Stwide Cmnty Dev Auth Wtr & Wastewtr Rev Pooled Fin, Ser 2004A (FSA Insd)		5.000		10/01/29		1,053,565
	3,920	California Stwide Cmnty Dev Auth Wtr & Wastewtr Rev Pooled Fin, Ser 2004A (FSA Insd)		5.250		10/01/24		4,025,330
	4,615	California Stwide Cmnty Dev Auth Wtr & Wastewtr Rev, Ser D (FSA Insd)		5.000		10/01/26		4,588,418
	7,430	Capistrano, CA Uni Sch Dist (NATL Insd)		5.000		09/01/25		6,561,284
	2,000	Desert Hot Springs, CA Redev Agy Tax Alloc Merged Redev Proj, Ser A-2		5.250		09/01/28		1,596,260
	425	Earlimart, CA Elem Sch Dist, Ser 1 (AMBAC Insd)		6.700		08/01/21		516,337
	5,500	Golden St Tob Sec Corp CA Tob Settlement Rev, Ser A-1		5.750		06/01/47		3,088,250
	265	Golden West Sch Fin Auth CA Rev Rfdg, Ser A (NATL Insd)		5.750		08/01/19		284,496
	7,000	Hawthorne, CA Cmnty Redev Agy Tax Alloc Proj Area No 2 (Syncora Gtd)		5.250		09/01/36		5,809,160
	3,360	Loma Linda, CA Redev Agy Tax Alloc, Ser A (Syncora Gtd)		5.250		07/01/30		2,903,712
	10,000	Merced, CA Irr Dist Rev Ctf Partn Elec Sys Proj (Syncora Gtd)		5.250		09/01/36		7,949,600
	2,000	Palomar Pomerado Hlthcare Dist CA Ctf Partn, Ser C (FSA Insd) (b) (c)		6.000		11/01/36		2,000,000
	1,000	Paramount, CA Uni Sch Dist Election 2006 (FSA Insd)		5.250		08/01/30		988,550
	4,000	Port Oakland, CA Rfdg Inter Lien, Ser A (NATL Insd) (AMT)		5.000		11/01/29		3,126,920
	10,000	Poway, CA Uni Sch Dist Spl Tax Cmnty Fac Dist No 6-4S Ranch (AMBAC Insd)		5.000		09/01/35		8,032,400
	2,390	San Francisco, CA City & Cnty Arpts Commn Intl Arpt, Ser 23-A (FSA Insd) (AMT)		5.000		05/01/30		2,106,092
	5,140	San Marcos, CA Pub Fac Auth Rev Tax Increment Pass-Thru, Ser A (AMBAC Insd)		5.000		10/01/31		4,240,346

See Notes to Financial Statements

Van Kampen Insured Tax Free Income Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity	Value


		California (Continued)
$	2,785	Santa Monica, CA Cmnty College Rfdg, Ser A (AMBAC Insd)		5.000	%	02/01/27	$	2,424,454
	5,380	South Orange Cnty, CA Pub Fin Auth Spl Tax Rev Ladera Ranch, Ser A (AMBAC Insd)		5.000		08/15/27		4,672,153
	2,000	South Tahoe, CA Jt Pwr Fin Redev Proj Area No 1 Rfdg, Ser A (AMBAC Insd)		5.000		10/01/35		1,546,500
	10,000	Tobacco Sec Auth Southn CA Tob Settlement, Ser A1		5.125		06/01/46		5,038,500
	4,010	University CA Regt, Ser A (BHAC Insd)		4.500		05/15/47		3,382,275
	3,275	University CA Rev, Ser O (a)		5.750		05/15/23		3,612,865
	4,815	University CA Rev, Ser O (a)		5.750		05/15/25		5,206,170
	700	Vallejo City, CA Uni Sch Rfdg, Ser A (NATL Insd)		5.900		08/01/25		682,052
	11,000	Vernon, CA Nat Gas Fin Auth Rev Vernon Gas Proj, Ser C (NATL Insd) (b) (c)		7.500		08/01/21		11,000,000
	4,440	Washington, CA Uni Sch Dist Yolo Cnty Partn New High Sch Proj (AMBAC Insd)		5.000		08/01/30		3,708,110

								142,198,424

		Colorado 2.8%
	2,965	Arkansas River Pwr Auth CO Pwr Rev Impt (Syncora Gtd)		5.000		10/01/43		2,112,918
	3,745	Colorado Ed & Cultural Fac Auth Rev Charter Sch Aurora Academy Sch Proj Rfdg, Ser A (Syncora Gtd)		5.250		02/15/34		3,079,851
	2,500	Colorado Ed & Cultural Fac Auth Rev Charter Sch Bromley Sch Proj Rfdg (Syncora Gtd)		5.250		09/15/32		2,081,900
	1,000	Colorado Ed & Cultural Fac Auth Rev Charter Sch Woodrow Wilson Sch Proj Rfdg, Ser A (Syncora Gtd)		5.250		12/01/34		820,210
	1,070	Colorado Ed & Cultural Fac Auth Rev Rfdg Charter Sch Challenge Proj Rfdg (CIFG Insd)		5.000		06/01/37		949,111
	1,000	Colorado Hlth Fac Auth Rev Hosp Vly View Assn Proj		5.125		05/15/37		705,010
	1,600	Colorado Hlth Fac Auth Rev Poudre Vly CO Hlth Fac Auth Hosp, Ser A (FSA Insd)		5.200		03/01/31		1,409,536
	3,375	Colorado Springs, CO Hosp Rev Conv (FSA Insd)		5.250		12/15/20		3,492,281
	3,530	Colorado Springs, CO Hosp Rev Conv (FSA Insd)		5.250		12/15/21		3,619,309
	2,000	Compark Business Campus Met Dist Co Rfdg & Impt, Ser A (Radian Insd)		5.600		12/01/34		1,528,240
	5,680	Denver, CO Convention Ctr Hotel Auth Rev Rfdg (Syncora Gtd)		5.000		12/01/35		3,694,386

								23,492,752

		District of Columbia 1.1%
	6,430	District Columbia Income Tax Rev, Ser A (a)		5.000		12/01/23		6,695,238
	2,570	District Columbia Income Tax Rev, Ser B (a)		5.000		12/01/24		2,649,618

								9,344,856

See Notes to Financial Statements

Van Kampen Insured Tax Free Income Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity	Value


		Florida 9.1%
$	120	Escambia Cnty, FL Hlth Fac Auth Rev (AMBAC Insd)		5.950	%	07/01/20	$	122,524
	2,410	Florida Hsg Fin Corp Rev Homeowner Mtg, Ser 1 (GNMA Collateralized) (AMT)		5.800		07/01/28		2,439,667
	1,445	Florida Hsg Fin Corp Rev Homeowner Mtg, Ser 1 (GNMA Collateralized) (AMT)		6.000		07/01/39		1,461,690
	1,000	Florida Intergovnmtl Fin, Ser C1 (AMBAC Insd)		5.125		02/01/31		978,710
	575	Florida Muni Ln Council Rev, Ser B (NATL Insd)		5.750		11/01/14		612,956
	1,185	Florida St Brd Ed Cap Outlay Pub Ed, Ser C (NATL Insd)		5.000		06/01/23		1,200,938
	2,750	Florida St Brd Ed Lottery Rev, Ser B (NATL Insd)		5.250		07/01/13		2,763,667
	750	Florida St Brd of Regt Hsg Rev (NATL Insd)		5.750		07/01/14		787,957
	1,340	Gulf Breeze, FL Rev Loc Govt (FGIC Insd)		5.150		12/01/20		1,355,638
	500	Gulf Breeze, FL Rev Loc Govt (FGIC Insd)		5.650		12/01/20		501,770
	2,500	Hillsborough Cnty, FL Aviation Auth Rev, Ser A (AGL Insd) (AMT)		5.375		10/01/33		2,259,300
	800	Hillsborough Cnty, FL Indl Dev Auth Pollutn Ctl Rev Hillsborough Cnty Rfdg (AMBAC Insd)		5.000		12/01/34		804,888
	1,000	Indian River Cnty, FL Hosp Rev Rfdg (FSA Insd)		6.100		10/01/18		1,000,790
	1,000	Key West, FL Util Brd Elec Rev Cap Apprec, Ser D (AMBAC Insd) (d)		*		10/01/13		889,820
	16,100	Miami-Dade Cnty, FL Aviation Rev Miami Intl Arpt (AGL Insd) (AMT)		5.000		10/01/38		13,593,552
	4,000	Miami-Dade Cnty, FL Ed Fac Auth Rev Univ Miami, Ser A (BHAC Insd)		5.500		04/01/38		4,062,640
	5,000	Miami-Dade Cnty, FL Sch Brd Ctf Partn, Ser B (AGL Insd)		5.250		05/01/26		4,916,750
	4,000	Orange Cnty, FL Hlth Fac Auth Rev Hosp Adventist Hlth Sys (FSA Insd)		6.000		11/15/22		4,004,040
	1,000	Orlando, FL Cmnty Redev Agy Tax Rep Drive Unvl Blvd Rfdg (AMBAC Insd)		5.125		04/01/20		1,007,870
	2,200	Palm Beach Cnty, FL Hlth Fac Auth Rev Waterford Proj		5.250		11/15/17		2,182,730
	750	Polk Cnty, FL Sch Brd Ctf Partn Master Lease, Ser A (FSA Insd)		5.500		01/01/16		796,508
	985	Port Saint Lucie, FL Spl Assmt Rev Util Svc Area No 3 & 4A (NATL Insd)		5.000		10/01/18		996,800
	3,000	Putnam Cnty, FL Dev Auth Pollutn Ctl Rev Rfdg Seminole Proj, Ser A (AMBAC Insd)		5.350		03/15/42		2,972,460
	5,000	Saint Johns Cnty, FL Indl Dev Auth First Mtg Rev Presbyterian Retirement, Ser A		5.625		08/01/34		3,535,100
	535	Saint Johns Cnty, FL Indl Dev Auth Professional Golf Proj Rfdg (NATL Insd)		5.250		09/01/12		574,397
	1,000	Saint Lucie Cnty, FL Sch Brd Ctf, Ser A (FSA Insd)		5.000		07/01/21		1,026,660

See Notes to Financial Statements

Van Kampen Insured Tax Free Income Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity	Value


		Florida (Continued)
$	2,125	Santa Rosa Bay Brdg Auth FL Rev Cap Apprec (NATL Insd)		*		07/01/18	$	1,140,700
	500	Seminole Tribe FL Spl Oblig Rev, Ser A (e)		5.250	%	10/01/27		339,470
	500	Seminole Tribe FL Spl Oblig Rev, Ser A (e)		5.750		10/01/22		384,985
	4,000	Sunrise, FL Util Sys Rev Rfdg (AMBAC Insd)		5.200		10/01/22		4,039,440
	7,580	Tallahassee, FL Hlth Fac Rev Tallahassee Mem Regl Med Rfdg, Ser A (NATL Insd)		6.625		12/01/13		7,589,475
	1,000	Village Ctr Cmnty Dev Dist FL, Ser A (NATL Insd)		5.200		11/01/25		803,150
	3,735	Volusia Cnty, FL Ed Fac Auth Rev Ed Fac Embry Riddle Rfdg, Ser B (AMBAC Insd)		5.250		10/15/19		3,770,744
	1,000	Volusia Cnty, FL Ed Fac Auth Rev Ed Fac Embry Riddle Rfdg, Ser B (AMBAC Insd)		5.250		10/15/22		1,008,050

								75,925,836

		Georgia 5.5%
	1,370	Atlanta, GA Tax Allocation Rfdg Atlantic Sta Proj (AGL Insd)		5.250		12/01/21		1,387,701
	1,000	Atlanta, GA Tax Allocation Rfdg Atlantic Sta Proj (AGL Insd)		5.250		12/01/22		1,006,990
	4,390	Bleckley-Cochran, GA Dev Auth Student Hsg Fac Rev MGC Real Estate Fndtn, Ser A (CIFG Insd)		5.000		07/01/25		4,403,697
	11,355	Bleckley-Cochran, GA Dev Auth Student Hsg Fac Rev MGC Real Estate Fndtn, Ser A (CIFG Insd)		5.000		07/01/36		10,633,049
	14,530	Georgia Muni Elec Auth Pwr Rev 2005, Ser Y (AMBAC Insd)		6.400		01/01/13		15,792,802
	160	Georgia Muni Elec Auth Pwr Rev 2005, Ser Y (AMBAC Insd) (Prerefunded @ 1/01/11)		6.400		01/01/13		175,170
	9,445	Georgia Muni Elec Auth Pwr Rev 2005, Ser Y (NATL Insd)		6.500		01/01/17		10,771,361
	145	Georgia Muni Elec Auth Pwr Rev 2005, Ser Y (NATL Insd) (Prerefunded @ 1/01/14)		6.500		01/01/17		174,603
	860	Georgia Muni Elec Auth Pwr Rev, Ser Y (AMBAC Insd) (d)		6.400		01/01/13		957,369
	410	Georgia Muni Elec Auth Pwr Rev, Ser Y (NATL Insd)		6.500		01/01/17		486,875

								45,789,617

		Idaho 0.7%
	1,000	Idaho Hsg & Fin Assn Single Family Mtg Rev, Class I, Ser A (AMT)		5.625		07/01/28		1,016,530
	1,290	Idaho Hsg & Fin Assn Single Family Mtg Rev, Class I, Ser B (AMT)		5.375		07/01/28		1,291,097
	3,800	Idaho Hsg & Fin Assn Single Family Mtg Rev, Class III, Ser A (AMT)		5.700		07/01/28		3,795,212

								6,102,839

		Illinois 13.9%
	3,755	Bourbonnais, IL Indl Proj Rev Olivet Nazarene Univ Proj (Radian Insd)		5.125		11/01/37		2,821,319

See Notes to Financial Statements

Van Kampen Insured Tax Free Income Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity	Value


		Illinois (Continued)
$	1,500	Chicago, IL Brd Ed Cap Apprec Sch Reform, Ser A (NATL Insd)		*		12/01/19	$	905,145
	1,020	Chicago, IL Brd Ed Cap Apprec Sch Reform, Ser A (NATL Insd)		*		12/01/25		403,002
	2,845	Chicago, IL Brd Ed Cap Apprec Sch Reform, Ser B-1 (NATL Insd)		*		12/01/19		1,716,758
	5,925	Chicago, IL Midway Arpt Rev Second Lien Rfdg, Ser B (AMBAC Insd)		5.000	%	01/01/21		6,094,396
	6,220	Chicago, IL Midway Arpt Rev Second Lien Rfdg, Ser B (AMBAC Insd)		5.000		01/01/22		6,350,309
	6,000	Chicago, IL O’Hare Intl Arpt Rev Gen Arpt Third Lien, Ser A (AGL Insd)		5.250		01/01/24		6,122,460
	3,855	Chicago, IL O’Hare Intl Arpt Rev Gen Arpt Third Lien, Ser A (AGL Insd)		5.250		01/01/26		3,911,553
	1,000	Chicago, IL O’Hare Intl Arpt Rev Rfdg Gen Arpt Third Lien Rfdg, Ser A (AGL Insd)		5.000		01/01/29		979,040
	9,170	Chicago, IL O’Hare Intl Arpt Rev Rfdg Gen Arpt Third Lein Rfdg, Ser A-2 (FSA Insd) (a)		5.750		01/01/20		9,233,365
	5,000	Chicago, IL O’Hare Intl Arpt Rev Rfdg Gen Arpt Third Lien Rfdg, Ser E (AGL Insd)		5.000		01/01/34		4,787,450
	2,840	Chicago, IL O’Hare Intl Arpt Rev Rfdg Gen Arpt Third Lien Rfdg, Ser E (AGL Insd)		5.250		01/01/21		2,917,759
	3,120	Chicago, IL O’Hare Intl Arpt Rev Rfdg Gen Arpt Third Lien Rfdg, Ser E (AGL Insd)		5.250		01/01/23		3,177,439
	1,430	Chicago, IL O’Hare Intl Arpt Rev Rfdg Gen Arpt Third Lien Rfdg, Ser E (AGL Insd)		5.250		01/01/24		1,451,479
	615	Chicago, IL Pk Dist, Ser C (NATL Insd)		5.500		01/01/19		647,496
	145	Chicago, IL Proj Rfdg, Ser A (AMBAC Insd)		5.625		01/01/39		146,119
	3,230	Chicago, IL Proj Rfdg, Ser A (NATL Insd)		5.375		01/01/34		3,230,065
	50	Chicago, IL Proj Rfdg, Ser A (NATL Insd) (Prerefunded @ 1/01/11)		5.500		01/01/38		54,508
	4,200	Chicago, IL, Ser A (AGL Insd)		5.250		01/01/24		4,345,572
	4,400	Chicago, IL, Ser A (AGL Insd)		5.250		01/01/25		4,523,948
	345	Cook Cnty, IL Sch Dist No 100 Berwyn South Cap Apprec (FSA Insd)		8.100		12/01/16		452,730
	290	Cook Cnty, IL Sch Dist No 100 Berwyn South Cap Apprec (FSA Insd)		8.200		12/01/14		370,046
	2,605	Cook Cnty, IL Sch Dist No 122 Oak Lawn Cap Apprec (NATL Insd)		*		12/01/17		1,790,859
	2,995	Cook Cnty, IL Sch Dist No 122 Oak Lawn Cap Apprec (NATL Insd)		*		12/01/18		1,936,537
	4,210	Cook Cnty, IL Sch Dist No 122 Oak Lawn Cap Apprec (NATL Insd)		*		12/01/19		2,540,440
	4,050	Cook Cnty, IL Sch Dist No 122 Oak Lawn Cap Apprec (NATL Insd)		*		12/01/20		2,283,309
	3,000	Du Page Cnty, IL Cmnty High Sch (FSA Insd)		5.600		01/01/22		3,186,450

See Notes to Financial Statements

Van Kampen Insured Tax Free Income Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity	Value


		Illinois (Continued)
$	540	Grundy, Kendall & Will Cntys, IL (AMBAC Insd)		5.500	%	05/01/20	$	566,050
	340	Grundy, Kendall & Will Cntys, IL (AMBAC Insd)		5.500		05/01/21		352,427
	3,000	Huntley, IL Spl Svc Area No 10 Spl Tax Rfdg (AGL Insd)		5.100		03/01/29		2,926,590
	2,000	Illinois Dev Fin Auth Rev Sch Dist Pgm Rockford Sch 205 (FSA Insd)		6.650		02/01/11		2,181,700
	1,000	Illinois Fin Auth Rev IL Fin Auth Roosevelt Univ		5.400		04/01/27		839,920
	12,000	Illinois Fin Auth Rev Resurrection Hlthcare, Ser A (FSA Insd)		5.500		05/15/24		11,999,160
	1,500	Illinois Fin Auth Rev Sherman Hlth Sys, Ser 2007-A		5.500		08/01/37		982,470
	2,000	Illinois Med Dist (NATL Insd)		5.250		06/01/32		1,875,120
	1,200	Lake Cnty, IL Cmnty Cons Sch Dist No 50 Woodland Cap Apprec, Ser B (NATL Insd)		*		12/01/14		979,080
	6,790	Lake Cnty, IL Cmnty Unit Sch Dist No 60 Waukegan Cap Apprec, Ser A (FSA Insd)		*		12/01/17		4,796,456
	3,000	McHenry & Kane Cnty, IL Cmnty Cons Sch Dist No 158 Cap Apprec (NATL Insd)		*		01/01/17		2,055,270
	4,000	McHenry & Kane Cnty, IL Cmnty Cons Sch Dist No 158 Cap Apprec (NATL Insd)		*		01/01/18		2,561,320
	1,330	McHenry Cnty, IL Cmnty High Sch Dist No 154 Cap Apprec (NATL Insd)		*		01/01/16		1,018,009
	6,000	Metropolitan Pier & Expo Auth IL Dedicated St Tax Rev McCormick Pl Expn, Ser A (NATL Insd)		5.250		06/15/42		5,934,360

								115,447,485

		Indiana 0.3%
	175	Indiana Bd Bk Spl Pgm, Ser A (AMBAC Insd) (d)		9.750		08/01/09		179,870
	2,000	Indiana Hlth & Ed Fac Fin Auth Rev Rfdg Saint Francis, Ser E (FSA Insd)		5.250		05/15/41		1,837,720
	500	Plainfield, IN Cmnty High Sch Bldg Corp First Mtg (NATL Insd)		5.000		01/15/30		479,980

								2,497,570

		Iowa 0.3%
	2,375	Iowa Fin Auth Hosp Fac Rev Trinity Regl Hosp Proj (FSA Insd)		5.750		07/01/17		2,392,813


		Kansas 0.2%
	2,000	Wyandotte Cnty, Kansas City, KA Univ Govt Util Sys Rev, Ser A (BHAC Insd)		5.000		09/01/29		2,028,040


		Kentucky 1.3%
	4,000	Kentucky Econ Dev Fin Auth Louisville Arena Proj Rev, Subser A-1 (AGL Insd)		6.000		12/01/38		4,058,720

See Notes to Financial Statements

Van Kampen Insured Tax Free Income Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity	Value


		Kentucky (Continued)
$	3,000	Kentucky St Ppty & Bldgs Commn Rev Rfdg Proj No 93 (AGL Insd)		5.250	%	02/01/28	$	3,057,480
	4,000	Paducah, KY Elec Plt Brd Rev, Ser A (AGL Insd)		5.250		10/01/35		3,977,320

								11,093,520

		Louisiana 2.5%
	2,530	Calcasieu Parish, LA Mem Hosp Svc Dist Hosp Rev Lake Charles Mem Hosp Proj, Ser A (Connie Lee Insd)		6.375		12/01/12		2,732,881
	5,530	Calcasieu Parish, LA Mem Hosp Svc Dist Hosp Rev Lake Charles Mem Hosp Proj, Ser A (Connie Lee Insd)		6.500		12/01/18		6,448,312
	7,500	Lafayette, LA Util Rev (NATL Insd)		5.250		11/01/24		7,666,950
	2,500	Louisiana St Gas & Fuels Tax Rev, Ser A (AGL Insd)		5.000		05/01/28		2,516,200
	1,000	New Orleans, LA Aviation Brd Rev Rfdg Restructuring Garbs, Ser A-1 (AGL Insd)		6.000		01/01/23		1,013,140

								20,377,483

		Massachusetts 1.4%
	2,350	Massachusetts Muni Whsl Elec Co Nuclear Mix, Ser 1-A (NATL Insd)		5.250		07/01/13		2,465,832
	175	Massachusetts Muni Whsl Elec Co Proj No. 6-A, Ser A (NATL Insd)		5.250		07/01/16		179,076
	2,000	Massachusetts St Hlth & Ed Fac Auth Rev Caregroup, Ser B-2 (NATL Insd)		5.375		02/01/27		1,668,960
	1,040	Massachusetts St Hsg Fin Agy Hsg Rev Single Family Hsg, Ser 126 (AMT) (a)		4.550		06/01/27		877,521
	295	Massachusetts St Hsg Fin Agy Hsg Rev Single Family Hsg, Ser 126 (AMT) (a)		4.700		06/01/38		243,862
	1,745	Massachusetts St Hsg Fin Agy Hsg, Ser C (AMT)		5.100		12/01/27		1,614,177
	5,000	Massachusetts St Wtr Pollutn Abatement Tr Pool Pgm, Ser 12 (a)		4.375		08/01/31		4,562,100

								11,611,528

		Michigan 0.2%
	75	Chippewa Valley, MI Sch Bldg & Site (FSA Insd)		5.000		05/01/20		77,794
	3,000	Michigan Tob Settlement Fin Auth Tob Settlement Asset Sr, Ser A		6.000		06/01/48		1,694,220

								1,772,014

		Minnesota 0.8%
	4,000	Minneapolis, MN Hlthcare Sys Rev Fairview Hlth Svc, Ser B (AGL Insd)		6.500		11/15/38		4,270,800
	3,000	Saint Paul, MN Hsg & Redev Auth Hlthcare Fac Rev Hlth Partners Oblig Group Proj		5.250		05/15/36		2,270,670

								6,541,470

See Notes to Financial Statements

Van Kampen Insured Tax Free Income Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity	Value


		Mississippi 0.2%
$	1,000	Harrison Cnty, MS Wastewtr Mgmt & Solid Wastewtr Treatment Fac Rfdg, Ser A (FGIC Insd) (d)		8.500	%	02/01/13	$	1,250,860


		Missouri 0.3%
	220	Mehlville, MO Sch Dist No R-9 Ctf Partn, Ser A (FSA Insd)		5.500		03/01/16		232,564
	230	Mehlville, MO Sch Dist No R-9 Ctf Partn, Ser A (FSA Insd)		5.500		03/01/17		243,136
	2,915	Springfield, MO Pub Bldg Corp Leasehold Rev Springfield Branson Arpt, Ser B (AMBAC Insd) (AMT)		4.600		07/01/36		2,209,949

								2,685,649

		Nebraska 2.8%
	3,000	Municipal Energy Agy of NE Pwr Supply Sys Rev Rfdg, Ser A (BHAC Insd)		5.375		04/01/39		3,080,550
	15,570	Nebraska Pub Pwr Dist Rev Gen, Ser B (BHAC Insd)		5.000		01/01/37		15,499,312
	3,620	Saunders Cnty, NE (FSA Insd)		5.000		11/01/35		3,551,980
	2,000	Washington Cnty, NE Wastewtr & Solid Waste Disp Fac Rev Cargill Inc Proj (AMT)		4.850		04/01/35		1,559,500

								23,691,342

		Nevada 1.2%
	3,045	Clark Cnty, NV Arpt Rev Sub Lien, Ser A-1 (NATL Insd) (AMT)		5.500		07/01/20		2,928,650
	3,000	Clark Cnty, NV Arpt Rev Sub Lien, Ser A-1 (NATL Insd) (AMT)		5.500		07/01/21		2,864,610
	3,500	Nevada St Muni Bd Bk Proj (FSA Insd)		5.000		12/01/23		3,559,535
	935	Reno, NV Cap Impt Rev (NATL Insd)		5.125		06/01/26		810,935

								10,163,730

		New Jersey 1.4%
	1,000	New Jersey Econ Dev Auth Rev Sch Fac Constr, Ser Z (AGL Insd)		5.500		12/15/34		1,028,000
	1,000	New Jersey St Hsg & Mtg Fin Agy Rev, Ser AA		6.375		10/01/28		1,064,460
	9,430	Tobacco Settlement Fin Corp NJ, Ser A-1		4.750		06/01/34		4,923,309
	8,250	Tobacco Settlement Fin Corp NJ, Ser A-1		5.000		06/01/41		4,231,755

								11,247,524

		New Mexico 0.2%
	2,000	New Mexico St Hosp Equip Ln Council Hosp Rev Presbyterian Hlthcare Svc, Ser A		6.375		08/01/32		2,067,960


		New York 2.5%
	5,000	Long Island Pwr Auth NY Elec Sys Rev Gen, Ser A (BHAC Insd)		5.500		05/01/33		5,252,500
	5,470	New York City Hlth & Hosp Hlth Sys, Ser A (FSA Insd)		5.000		02/15/21		5,572,289

See Notes to Financial Statements

Van Kampen Insured Tax Free Income Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity	Value


		New York (Continued)
$	2,360	New York City Hsg Dev Corp, Ser B-1 (AMT)		5.125	%	11/01/32	$	2,134,101
	5,000	New York City Indl Dev Agy Civic Fac Rev Polytechnic Univ Proj (ACA Insd)		5.250		11/01/27		4,024,550
	1,000	New York City Indl Dev Agy Rev Queens Baseball Stadium Pilot (AGL Insd)		6.375		01/01/39		1,077,060
	3,105	New York St Dorm Auth Rev Insd Brooklyn Law Sch, Ser B (Syncora Gtd)		5.375		07/01/21		3,132,293

								21,192,793

		North Carolina 0.8%
	6,000	Johnston, NC Mem Hosp Auth (FSA Insd)		5.250		10/01/24		5,821,800
	1,100	North Carolina Med Care Commn Hlthcare Fac Rev Wake Med, Ser A (AGL Insd)		5.625		10/01/38		1,104,895

								6,926,695

		North Dakota 1.3%
	5,000	Mercer Cnty, ND Pollutn Ctl Rev Antelope Vly Station Rfdg (AMBAC Insd)		7.200		06/30/13		5,563,050
	5,000	Oliver Cnty, ND Pollutn Ctl Rev Square Butte Elec Coop Rfdg, Ser A (AMBAC Insd)		5.300		01/01/27		5,014,150
	675	Ward Cnty, ND Hlthcare Fac Rev Trinity Obligated Group		5.125		07/01/25		489,166

								11,066,366

		Ohio 0.9%
	1,750	Lorain Cnty, OH Hosp Rev Catholic Rfdg, Ser C-1 (FSA Insd)		5.000		04/01/24		1,763,667
	2,825	Montgomery Cnty, OH Rev Miami Vly Hosp, Ser A		6.000		11/15/28		2,833,447
	2,845	Ohio Hsg Fin Agy Multifamily Hsg Mtg Covenant, Ser C (GNMA Collateralized) (AMT)		6.100		09/20/49		2,895,015

								7,492,129

		Oklahoma 1.9%
	1,000	Chickasaw Nation, OK Hlth Sys (e)		6.250		12/01/32		784,220
	2,395	Grand River Dam Auth OK Rev, Ser A (BHAC Insd)		5.000		06/01/21		2,622,381
	2,395	Grand River Dam Auth OK Rev, Ser A (BHAC Insd)		5.000		06/01/22		2,586,504
	4,075	Grand River Dam Auth OK Rev, Ser A (BHAC Insd)		5.000		06/01/23		4,358,457
	4,320	McAlester, OK Pub Wks Auth Util Cap Apprec, Ser A (FSA Insd)		*		02/01/30		1,223,511
	2,000	Oklahoma Colleges Brd Regt Stad Univ Cent OK, Ser B (AMBAC Insd)		5.500		06/01/24		2,023,120
	2,000	Tulsa, OK Cmnty College Rev (AMBAC Insd)		5.500		07/01/22		2,116,900

								15,715,093

		Pennsylvania 2.5%
	5,000	Allegheny Cnty, PA Hosp Dev Auth Rev Insd Hlth Sys, Ser A (NATL Insd) (Prerefunded @ 11/15/10)		6.500		11/15/30		5,536,300

See Notes to Financial Statements

Van Kampen Insured Tax Free Income Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity	Value


		Pennsylvania (Continued)
$	4,875	Allegheny Cnty, PA Hosp Dev Auth Rev Pittsburgh Mercy Hlth Sys Inc (AMBAC Insd) (d)		5.625	%	08/15/26	$	4,983,664
	250	Harrisburg, PA Auth Res Gtd Sub, Ser D-2 (FSA Insd)		5.000		12/01/33		268,712
	3,000	Lycoming Cnty, PA Auth College Rev PA College of Technology (AMBAC Insd)		5.350		07/01/26		2,850,630
	3,000	Pennsylvania Hsg Fin Agy Single Family Mtg Rev, Ser 102-A (AMT)		5.250		10/01/23		2,970,000
	4,000	Pennsylvania St Tpk Commn Tpk Rev, Ser A (AGL Insd)		5.000		06/01/24		4,099,760

								20,709,066

		South Carolina 2.5%
	5,170	Easley, SC Util Rev Impt & Rfdg (FSA Insd) (Prerefunded @ 12/01/15)		5.000		12/01/34		5,881,754
	3,800	Scago Ed & Fac Corp for Cherokee Cnty SC Proj, Ser B (FSA Insd)		5.000		12/01/30		3,740,454
	6,500	South Carolina Jobs Econ Dev Auth Indl Rev Elec & Gas Co Proj, Ser A (AMBAC Insd)		5.200		11/01/27		6,524,960
	4,465	Spartanburg Cnty, SC Regl Hlth Svc Dist Rfdg, Ser D (AGL Insd)		5.250		04/15/22		4,563,542

								20,710,710

		South Dakota 1.6%
	3,000	South Dakota St Hlth & Ed Fac Auth Vocational Ed Prog (AGL Insd)		5.500		08/01/38		3,012,780
	5,205	South Dakota St Lease Rev Tr Ctf, Ser A (FSA Insd)		6.625		09/01/12		5,617,600
	4,000	South Dakota St Lease Rev Tr Ctf, Ser A (FSA Insd)		6.700		09/01/17		4,782,560

								13,412,940

		Tennessee 0.2%
	1,335	Shelby Cnty, TN Hlth Ed & Hsg Fac Brd Rev Methodist, Ser B (FSA Insd)		5.250		09/01/27		1,310,222


		Texas 8.9%
	620	Alamo, TX Cmnty College Dist Combined Fee Rfdg (FSA Insd)		5.000		11/01/22		630,224
	5,000	Brazos Riv Auth TX Rev Houston Ind Inc Proj, Ser C (AMBAC Insd)		5.125		05/01/19		4,128,100
	4,000	Dallas Fort Worth, TX Intl Arpt Rev Impt, Ser B (FSA Insd) (AMT)		5.375		11/01/21		3,915,760
	6,110	Dallas Fort Worth, TX Intl Arpt Rev Impt, Ser B (FSA Insd) (AMT)		5.500		11/01/19		6,080,672
	4,000	Dallas, TX Civic Ctr Rfdg & Impt (AGL Insd)		5.250		08/15/34		3,955,520
	4,000	Harris Cnty, TX Hlth Fac Dev Corp Rev Christus Hlth, Ser A-3 (FSA Insd) (b) (c)		3.000		07/01/31		4,000,000

See Notes to Financial Statements

Van Kampen Insured Tax Free Income Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity	Value


		Texas (Continued)
$	22,500	Houston, TX Util Sys Rev Rfdg First Lien, Ser A (BHAC Insd)		5.250	%	05/15/23	$	23,534,325
	750	Laredo, TX Cmnty College Dist Unrefunded Balance Bldg & Rfdg (AMBAC Insd)		5.300		08/01/26		753,007
	3,000	Mission, TX Econ Dev Corp Solid Waste Disp Rev Waste Mgmt Inc Proj (AMT)		6.000		08/01/20		2,868,180
	2,500	North TX Twy Auth Rev Rfdg Sys First Tier, Ser A		5.625		01/01/33		2,348,800
	2,750	Nueces Riv Auth TX Wtr Supply Rev Fac Corpus Christi Proj Rfdg (FSA Insd)		5.000		07/15/25		2,780,085
	2,000	Nueces Riv Auth TX Wtr Supply Rev Fac Corpus Christi Proj Rfdg (FSA Insd)		5.000		03/01/27		2,004,120
	4,250	Tarrant Cnty, TX Cultural Ed Fac Fin Corp Rev Christus Hlth Rfdg, Ser A (AGL Insd)		6.500		07/01/37		4,481,667
	1,750	Tarrant Cnty, TX Hlth Fac Dev Corp Hlth Sys Rev, Ser B (FGIC Insd) (d)		5.000		09/01/15		1,980,143
	10,000	Texas St Tpk Auth Cent TX Tpk First Tier, Ser A (AMBAC Insd)		5.500		08/15/39		9,021,800
	2,000	Texas Trans Commn Cent TX Tpk Sys Rev Rfdg First Tier Put		5.000		08/15/42		2,006,800

								74,489,203

		Utah 0.2%
	475	Provo, UT Elec Rev 1984 Rfdg, Ser A (AMBAC Insd) (d)		10.375		09/15/15		607,991
	995	Utah Hsg Corp Single Family Mtg Rev, Class III, Ser C-1 (AMT)		5.700		07/01/28		993,746

								1,601,737

		Washington 8.5%
	4,115	Chelan Cnty, WA Sch Dist No 246 (FSA Insd)		5.000		12/01/21		4,279,147
	11,340	Energy Northwest WA Elec Rev Columbia Generating Rfdg, Ser A (FSA Insd)		5.500		07/01/17		12,313,085
	4,500	Energy Northwest WA Elec Rev Proj No 3 Rfdg, Ser A (FSA Insd)		5.500		07/01/17		4,814,910
	14,500	Energy Northwest WA Elec Rev Proj No 3 Rfdg, Ser A (FSA Insd)		5.500		07/01/18		15,491,655
	5,000	Energy Northwest WA Elec Rev Proj No 3 Rfdg, Ser B (FSA Insd)		6.000		07/01/16		5,547,750
	1,365	Energy Northwest WA Wind Proj (AMBAC Insd)		5.000		07/01/23		1,376,698
	1,305	Fife, WA Wtr & Swr Rev (NATL Insd)		5.125		04/01/24		1,307,780
	1,025	King Cnty, WA Hsg Auth Cap Fd Pgm Rev Egis Hsg Pgm (FSA Insd) (AMT)		5.300		06/01/23		1,024,918
	3,575	King Cnty, WA Pub Hosp Dist No 001, Ser A (AGL Insd)		5.250		12/01/28		3,603,207
	4,140	Lynnwood, WA Pub Fac Dist Rev Convention Ctr (AMBAC Insd)		5.000		12/01/34		3,591,243
	145	Snohomish Cnty, WA Pub Util 1 (FSA Insd)		5.000		12/01/24		147,623
	2,565	Snohomish Cnty, WA Pub Util 1 (FSA Insd)		5.500		12/01/23		2,705,152

See Notes to Financial Statements

Van Kampen Insured Tax Free Income Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


Par
Amount
(000)			Description	Coupon			Maturity	Value


			Washington (Continued)
$	3,000		Spokane, WA Pub Fac Dist Hotel (NATL Insd)		5.250	%	09/01/33	$	2,935,230
	2,000		Spokane, WA Pub Fac Dist Hotel (NATL Insd)		5.750		12/01/25		2,098,900
	2,420		Spokane, WA Pub Fac Dist Hotel (NATL Insd)		5.750		12/01/26		2,518,518
	2,000		Washington St Hlthcare Fac Auth Rev Multicare Hlth Sys, Ser B (AGL Insd)		6.000		08/15/39		1,976,140
	5,000		Washington St Hlthcare Fac Auth Rev Providence Hlth, Ser D (FSA Insd)		5.250		10/01/33		4,878,850

									70,610,806

			West Virginia 0.2%
	1,530		West Virginia Econ Dev Auth Lease Rev Correctional Juvenile & Pub, Ser A (NATL Insd)		5.500		06/01/19		1,642,134


			Wisconsin 0.4%
	1,000		Wisconsin St Hlth & Ed Fac Auth Rev Ministry Hlth (FSA Insd)		5.000		08/01/31		889,010
	2,300		Wisconsin St Hlth & Ed Fac Auth Rev Ministry Hlth (FSA Insd)		5.000		08/01/34		2,015,743

									2,904,753

			Wyoming 0.5%
	4,500		Wyoming Cmnty Dev Auth Hsg Rev, Ser 1 (AMT)		5.300		12/01/23		4,499,640


			Puerto Rico 0.4%
	3,000		Puerto Rico Indl Tourist Ed Med & Environmental Ctl Fac Hosp Aux (NATL Insd)		6.250		07/01/16		3,001,320


Total Long-Term Investments 102.1% (Cost $894,018,856)									850,260,857

Total Short-Term Investments 0.4% (Cost $3,500,000)									3,500,000


Total Investments 102.5% (Cost $897,518,856)									853,760,857

Liability for Floating Rate Note Obligations Related to Securities Held (3.6%) (Cost ($30,015,000))
	(30,015	)	Notes with interest rates ranging from 0.36% to 1.71% at March 31, 2009 and contractual maturities of collateral ranging from 2020 to 2038 (See Note 1) (f)						(30,015,000	)


Total Net Investments 98.9% (Cost $867,503,856)									823,745,857

Other Assets In Excess of Liabilities 1.1%									9,367,165


Net Assets 100.0%								$	833,113,022

See Notes to Financial Statements

Van Kampen Insured Tax Free Income Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued

Percentages are calculated as a percentage of net assets.


*		Zero coupon bond

(a)		Underlying security related to Inverse Floaters entered into by the Fund. See Note 1.

(b)		Security includes a feature allowing the Fund an option on any interest rate payment date to offer the security for sale at par. The sale is contingent upon market conditions.

(c)		Variable Rate Coupon

(d)		Escrowed to Maturity

(e)		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.

(f)		Floating rate notes. The interest rates shown reflect the rates in effect at March 31, 2009.

ACA—American Capital Access

AGL—Assured Guaranty Ltd.

AMBAC—AMBAC Indemnity Corp.

AMT—Alternative Minimum Tax

BHAC—Berkshire Hathaway Assurance Corp.

CIFG—CDC IXIS Financial Guaranty

Connie Lee—Connie Lee Insurance Co.

FGIC—Financial Guaranty Insurance Co.

FSA—Financial Security Assurance Inc.

GNMA—Government National Mortgage Association

NATL—National Public Finance Guarantee Corp.

Radian—Radian Asset Assurance

See Notes to Financial Statements

Van Kampen Insured Tax Free Income Fund

Financial Statements

Statement of Assets and Liabilities

March 31, 2009 (Unaudited)


Assets:
Total Investments (Cost $897,518,856)	$	853,760,857
Cash		34,451
Receivables:
Interest		13,203,613
Investments Sold		9,222,929
Fund Shares Sold		1,256,045
Other		192,933

Total Assets		877,670,828

Liabilities:
Payables:
Floating Rate Note Obligations		30,015,000
Investments Purchased		12,017,433
Fund Shares Repurchased		792,743
Income Distributions		585,085
Investment Advisory Fee		362,880
Distributor and Affiliates		286,980
Trustees’ Deferred Compensation and Retirement Plans		291,776
Accrued Expenses		205,909

Total Liabilities		44,557,806

Net Assets	$	833,113,022

Net Assets Consist of:
Capital (Par value of $.01 per share with an unlimited number of shares authorized)	$	958,915,313
Accumulated Undistributed Net Investment Income		2,070,790
Net Unrealized Depreciation		(43,757,999	)
Accumulated Net Realized Loss		(84,115,082	)

Net Assets	$	833,113,022

Maximum Offering Price Per Share:
Class A Shares:
Net asset value and redemption price per share (Based on net assets of $788,115,385 and 51,564,724 shares of beneficial interest issued and outstanding)	$	15.28
Maximum sales charge (4.75%* of offering price)		0.76

Maximum offering price to public	$	16.04

Class B Shares:
Net asset value and offering price per share (Based on net assets of $18,856,050 and 1,235,200 shares of beneficial interest issued and outstanding)	$	15.27

Class C Shares:
Net asset value and offering price per share (Based on net assets of $24,789,914 and 1,625,700 shares of beneficial interest issued and outstanding)	$	15.25

Class I Shares:
Net asset value and offering price per share (Based on net assets of $1,351,673 and 88,437 shares of beneficial interest issued and outstanding)	$	15.28


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

See Notes to Financial Statements

Van Kampen Insured Tax Free Income Fund
Financial Statements continued

Statement of Operations

For the Six Months Ended March 31, 2009 (Unaudited)


Investment Income:
Interest	$	23,950,489

Expenses:
Investment Advisory Fee		2,084,485
Distribution (12b-1) and Service Fees
Class A		946,787
Class B		96,375
Class C		108,846
Interest and Residual Trust Expenses		548,860
Transfer Agent Fees		255,518
Accounting and Administrative Expenses		99,396
Professional Fees		72,699
Reports to Shareholders		44,753
Registration Fees		31,982
Custody		23,886
Trustees’ Fees and Related Expenses		21,346
Other		21,957

Total Expenses		4,356,890
Less Credits Earned on Cash Balances		666

Net Expenses		4,356,224

Net Investment Income	$	19,594,265

Realized and Unrealized Gain/Loss:
Net Realized Loss	$	(25,347,995	)

Unrealized Depreciation:
Beginning of the Period		(69,175,773	)
End of the Period		(43,757,999	)

Net Unrealized Appreciation During the Period		25,417,774

Net Realized and Unrealized Gain	$	69,779

Net Increase in Net Assets From Operations	$	19,664,044

See Notes to Financial Statements

Van Kampen Insured Tax Free Income Fund
Financial Statements continued

Statements of Changes in Net Assets (Unaudited)


	For The			For The
	Six Months Ended			Year Ended
	March 31, 2009			September 30, 2008


From Investment Activities:
Operations:
Net Investment Income	$	19,594,265		$	43,231,721
Net Realized Loss		(25,347,995	)		(54,968,822	)
Net Unrealized Appreciation/Depreciation During the Period		25,417,774			(80,383,705	)

Change in Net Assets from Operations		19,664,044			(92,120,806	)


Distributions from Net Investment Income:
Class A Shares		(19,869,118	)		(40,787,122	)
Class B Shares		(427,172	)		(960,926	)
Class C Shares		(483,844	)		(704,919	)
Class I Shares		(31,559	)		(51,364	)

Total Distributions		(20,811,693	)		(42,504,331	)


Net Change in Net Assets from Investment Activities		(1,147,649	)		(134,625,137	)


From Capital Transactions:
Proceeds from Shares Sold		55,280,200			59,362,955
Net Asset Value of Shares Issued Through Dividend Reinvestment		17,211,768			34,710,512
Cost of Shares Repurchased		(72,585,244	)		(158,433,865	)

Net Change in Net Assets from Capital Transactions		(93,276	)		(64,360,398	)

Total Decrease in Net Assets		(1,240,925	)		(198,985,535	)
Net Assets:
Beginning of the Period		834,353,947			1,033,339,482

End of the Period (Including accumulated undistributed net investment income of $2,070,790 and $3,288,218, respectively)	$	833,113,022		$	834,353,947

See Notes to Financial Statements

Van Kampen Insured Tax Free Income Fund

Financial Highlights (Unaudited)

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


	Six Months
	Ended
	March 31,			Year Ended September 30,
Class A Shares	2009			2008			2007			2006			2005			2004


Net Asset Value, Beginning of the Period	$	15.30		$	17.72		$	18.59		$	18.87		$	19.07		$	19.27

Net Investment Income		0.36	(a)		0.77	(a)		0.74	(a)		0.72	(a)		0.72			0.76
Net Realized and Unrealized Gain/Loss		0.01			(2.43	)		(0.84	)		0.09			(0.01	)		0.02

Total from Investment Operations		0.37			(1.66	)		(0.10	)		0.81			0.71			0.78

Less:
Distributions from Net Investment Income		0.39			0.76			0.71			0.71			0.74			0.75
Distributions from Net Realized Gain		-0-			-0-			0.06			0.38			0.17			0.23

Total Distributions		0.39			0.76			0.77			1.09			0.91			0.98

Net Asset Value, End of the Period	$	15.28		$	15.30		$	17.72		$	18.59		$	18.87		$	19.07


Total Return (b)		2.41%	*		–9.57%			–0.63%			4.49%			3.77%			4.22%
Net Assets at End of the Period (In millions)	$	788.1		$	794.4		$	983.3		$	1,075.9		$	1,114.2		$	1,137.2
Ratio of Expenses to Average Net Assets		1.04%			1.47%			1.54%			1.00%			0.94%			0.89%
Ratio of Net Investment Income to Average Net Assets		4.88%			4.58%			4.02%			3.87%			3.81%			3.99%
Portfolio Turnover		14%	*		59%			51%			45%			65%			39%

Supplemental Ratio:
Ratio of Expenses to Average Net Assets (Excluding Interest and Residual Trust Expenses)		0.90%			0.89%			0.88%			0.88%			0.88%			0.87%


*		Non-Annualized

(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 .25% and do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares.

See Notes to Financial Statements

Van Kampen Insured Tax Free Income Fund
Financial Highlights (Unaudited) continued

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


	Six Months
	Ended
	March 31,			Year Ended September 30,
Class B Shares	2009			2008			2007			2006			2005			2004


Net Asset Value, Beginning of the Period	$	15.28		$	17.70		$	18.57		$	18.85		$	19.05		$	19.24

Net Investment Income		0.31	(a)		0.64	(a)		0.60	(a)		0.58	(a)		0.59			0.62
Net Realized and Unrealized Gain/Loss		0.01			(2.43	)		(0.84	)		0.09			(0.02	)		0.02

Total from Investment Operations		0.32			(1.79	)		(0.24	)		0.67			0.57			0.64

Less:
Distributions from Net Investment Income		0.33			0.63			0.57			0.57			0.60			0.60
Distributions from Net Realized Gain		-0-			-0-			0.06			0.38			0.17			0.23

Total Distributions		0.33			0.63			0.63			0.95			0.77			0.83

Net Asset Value, End of the Period	$	15.27		$	15.28		$	17.70		$	18.57		$	18.85		$	19.05


Total Return (b)		2.09%	*		–10.27%			–1.38%			3.71%			3.04%			3.43%
Net Assets at End of the Period (In millions)	$	18.9		$	20.7		$	30.0		$	43.0		$	56.2		$	66.4
Ratio of Expenses to Average Net Assets		1.80%			2.22%			2.29%			1.75%			1.70%			1.65%
Ratio of Net Investment Income to Average Net Assets		4.13%			3.79%			3.25%			3.11%			3.05%			3.23%
Portfolio Turnover		14%	*		59%			51%			45%			65%			39%

Supplemental Ratio:
Ratio of Expenses to Average Net Assets (Excluding Interest and Residual Trust Expenses)		1.66%			1.64%			1.63%			1.63%			1.64%			1.63%


*		Non-Annualized

(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 sixth 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.

See Notes to Financial Statements

Van Kampen Insured Tax Free Income Fund
Financial Highlights (Unaudited) continued

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


	Six Months
	Ended
	March 31,			Year Ended September 30,
Class C Shares	2009			2008			2007			2006			2005			2004


Net Asset Value, Beginning of the Period	$	15.27		$	17.68		$	18.55		$	18.84		$	19.04		$	19.23

Net Investment Income		0.31	(a)		0.65	(a)		0.60	(a)		0.58	(a)		0.58			0.62
Net Realized and Unrealized Gain/Loss		-0-			(2.43	)		(0.84	)		0.08			(0.01	)		0.02

Total from Investment Operations		0.31			(1.78	)		(0.24	)		0.66			0.57			0.64

Less:
Distributions from Net Investment Income		0.33			0.63			0.57			0.57			0.60			0.60
Distributions from Net Realized Gain		-0-			-0-			0.06			0.38			0.17			0.23

Total Distributions		0.33			0.63			0.63			0.95			0.77			0.83

Net Asset Value, End of the Period	$	15.25		$	15.27		$	17.68		$	18.55		$	18.84		$	19.04


Total Return (b)		2.09%	*		–10.28%			–1.38%			3.66%			3.04%			3.43%
Net Assets at End of the Period (In millions)	$	24.8		$	18.4		$	19.0		$	21.3		$	21.7		$	19.9
Ratio of Expenses to Average Net Assets		1.80%			2.23%			2.29%			1.75%			1.70%			1.65%
Ratio of Net Investment Income to Average Net Assets		4.13%			3.83%			3.26%			3.11%			3.05%			3.23%
Portfolio Turnover		14%	*		59%			51%			45%			65%			39%

Supplemental Ratio:
Ratio of Expenses to Average Net Assets (Excluding Interest and Residual Trust Expenses)		1.66%			1.64%			1.63%			1.63%			1.64%			1.63%


*		Non-Annualized

(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.

See Notes to Financial Statements

Van Kampen Insured Tax Free Income Fund
Financial Highlights (Unaudited) continued

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


	Six Months												August 12, 2005
	Ended												(Commencement of
	March 31,			Year Ended September 30,									Operations) to
Class I Shares	2009			2008			2007			2006			September 30, 2005


Net Asset Value, Beginning of the Period	$	15.30		$	17.72		$	18.59		$	18.87		$	18.93

Net Investment Income		0.38	(a)		0.82	(a)		0.78	(a)		0.75	(a)		0.10
Net Realized and Unrealized Gain/Loss		0.01			(2.44	)		(0.84	)		0.10			(0.06	)

Total from Investment Operations		0.39			(1.62	)		(0.06	)		0.85			0.04

Less:
Distributions from Net Investment Income		0.41			0.80			0.75			0.75			0.10
Distributions from Net Realized Gain		-0-			-0-			0.06			0.38			-0-

Total Distributions		0.41			0.80			0.81			1.13			0.10

Net Asset Value, End of the Period	$	15.28		$	15.30		$	17.72		$	18.59		$	18.87


Total Return (b)		2.53%	*		–9.34%			–0.38%			4.75%			0.20%	*
Net Assets at End of the Period (In millions)	$	1.4		$	0.8		$	1.1		$	2.4		$	1.9
Ratio of Expenses to Average Net Assets		0.80%			1.22%			1.29%			0.75%			0.70%
Ratio of Net Investment Income to Average Net Assets		5.17%			4.83%			4.23%			4.11%			4.06%
Portfolio Turnover		14%	*		59%			51%			45%			65%

Supplemental Ratio:
Ratio of Expenses to Average Net Assets (Excluding Interest and Residual Trust Expenses)		0.66%			0.64%			0.63%			0.63%			0.64%


*		Non-Annualized

(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 of Fund shares.

See Notes to Financial Statements

Van Kampen Insured Tax Free Income Fund

Notes to Financial Statements n March 31, 2009 (Unaudited)

1. Significant Accounting Policies

Van Kampen Insured Tax Free Income Fund (the “Fund”) is organized as a series of the Van Kampen Tax Free 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 provide investors with a high level of current income exempt from federal income tax, with liquidity and safety of principal, primarily through investment in a diversified portfolio of insured municipal securities. The Fund commenced investment operations on December 14, 1984. 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 Municipal bonds are valued by independent pricing services or dealers using the mean of the last reported bid and asked prices or, in the absence of market quotations, at fair value based upon yield data relating to municipal bonds with similar characteristics and general market conditions. Securities which are not valued by independent pricing services or dealers are valued at fair value using 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. Futures contracts are valued at the settlement price established each day on the exchange on which they are traded. Short-term securities with remaining maturities of 60 days or less are valued at amortized cost, which approximates market value.

The Fund adopted Financial Accounting Standards Board Statement of Financial Accounting Standards No. 157, Fair Value Measurements (“FAS 157”), effective October 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 measurements

Van Kampen Insured Tax Free Income Fund
Notes to Financial Statements n March 31, 2009 (Unaudited) continued

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.

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


	Investments in
Valuation Inputs	Securities

Level 1—Quoted Prices	$	-0-
Level 2—Other Significant Observable Inputs		853,760,857
Level 3—Significant Unobservable Inputs		-0-

Total	$	853,760,857

B. 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 purchase and sell securities on a “when-issued” or “delayed delivery” basis, with settlement to occur at a later date. The value of the security so purchased is subject to market fluctuations during this period. The Fund will segregate assets with the custodian having an aggregate value at least equal to the amount of the when-issued or delayed delivery purchase commitments until payment is made. At March 31, 2009, the Fund had $8,705,243 of when-issued and delayed delivery purchase commitments.

C. Income and Expenses Interest income is recorded on an accrual basis. Bond premium is amortized and discount is accreted 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.

D. 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 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 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

Van Kampen Insured Tax Free Income Fund
Notes to Financial Statements n March 31, 2009 (Unaudited) continued

U.S. Internal Revenue Service, New York and various states. Generally, each of the tax years in the four year period ended September 30, 2008, 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 these losses against any future realized capital gains. At September 30, 2008, the Fund had an accumulated capital loss carryforward for tax purposes of $8,200,776 which will expire according to the following schedule:


Amount		Expiration

$	210,390		September 30, 2015
	7,990,386		September 30, 2016

At March 31, 2009, the cost and related gross unrealized appreciation and depreciation are as follows:


Cost of investments for tax purposes	$	848,602,771

Gross tax unrealized appreciation	$	22,600,431
Gross tax unrealized depreciation		(47,463,637	)

Net tax unrealized depreciation on investments	$	(24,863,206	)

E. 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. Distributions from net realized gains for book purposes may include short-term capital gains and a portion of futures gains, which are included in ordinary income for tax purposes.

The tax character of distributions paid during the year ended September 30, 2008 was as follows:



Distributions paid from:
Ordinary income	$	90,745
Tax-exempt income		42,474,190
Long-term capital gain		-0-

	$	42,564,935

As of September 30, 2008, the components of distributable earnings on a tax basis were as follows:


Undistributed ordinary income	$	27,581
Undistributed tax-exempt income		3,985,891

Net realized gains or losses may differ for financial reporting and tax purposes primarily as a result of gains or losses recognized on securities for tax purposes but not for book.

F. Insurance Expense The Fund typically invests in insured bonds. Any portfolio securities not specifically covered by a primary insurance policy are insured secondarily through the

Van Kampen Insured Tax Free Income Fund
Notes to Financial Statements n March 31, 2009 (Unaudited) continued

Fund’s portfolio insurance policy. Insurance premiums are based on the daily balances of uninsured bonds in the portfolio of investments and are charged to expense on an accrual basis. The insurance policy guarantees the timely payment of principal and interest on the securities in the Fund’s portfolio.

G. Credits Earned on Cash Balances During the six months ended March 31, 2009, the Fund’s custody fee was reduced by $666 as a result of credits earned on cash balances.

H. Floating Rate Note Obligations Related to Securities Held The Fund enters into transactions in which it transfers to dealer trusts fixed rate bonds in exchange for cash and residual interest in the dealer trusts’ assets and cash flows, which are in the form of inverse floating rate investments. The dealer trusts fund the purchases of the fixed rate bonds by issuing floating rate notes to third parties and allowing the Fund to retain residual interests in the bonds. The Fund enters into shortfall agreements with the dealer trusts, which commit the Fund to pay the dealer trusts, in certain circumstances, the difference between the liquidation value of the fixed rate bonds held by the dealer trusts and the liquidation value of the floating rate notes held by third parties, as well as any shortfalls in interest cash flows. The residual interests held by the Fund (inverse floating rate investments) include the right of the Fund (1) to cause the holders of the floating rate notes to tender their notes at par at the next interest rate reset date, and (2) to transfer the municipal bond from the dealer trusts to the Fund, thereby collapsing the dealer trusts. The Fund accounts for the transfer of bonds to the dealer trusts as secured borrowings, with the securities transferred remaining in the Fund’s investments assets, and the related floating rate notes reflected as Fund liabilities under the caption “Floating Rate Note Obligations” on the Statement of Assets and Liabilities. The Fund records the interest income from the fixed rate bonds under the caption “Interest” and records the expenses related to floating rate note obligations and any administrative expenses of the dealer trusts under the caption “Interest and Residual Trust Expenses” on the Fund’s Statement of Operations. The notes issued by the dealer trusts have interest rates that reset weekly and the floating rate note holders have the option to tender their notes to the dealer trusts for redemption at par at each reset date. At March 31, 2009, Fund investments with a value of $49,254,835 are held by the dealer trusts and serve as collateral for the $30,015,000 in floating rate notes outstanding at that date. Contractual maturities of the floating rate notes and interest rates in effect at March 31, 2009 are presented on the Portfolio of Investments. The average floating rate notes outstanding and average interest and fee rate related to residual interests during the six months ended March 31, 2009 were $36,377,857 and 3.03%, respectively.

2. Investment Advisory Agreement and Other Transactions with Affiliates

Under the terms of the Fund’s Investment Advisory Agreement, Van Kampen Asset Management (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 $500 million		0.525%
Next $500 million		0.500%
Next $500 million		0.475%
Over $1.5 billion		0.450%

Van Kampen Insured Tax Free Income Fund
Notes to Financial Statements n March 31, 2009 (Unaudited) continued

For the six months ended March 31, 2009, the Fund recognized expenses of approximately $19,500 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 six months ended March 31, 2009, the Fund recognized expenses of approximately $55,600 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 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 six months ended March 31, 2009, the Fund recognized expenses of approximately $135,600 representing transfer agency fees paid to VKIS and its affiliates. The 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 directors 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 $166,300 are included in “Other” assets on the Statement of Assets and Liabilities at March 31, 2009. Appreciation/depreciation and distributions received from these investments are recorded with an offsetting increase/decrease in the deferred compensation obligations 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 six months ended March 31, 2009, Van Kampen, as Distributor for the Fund, received commissions on sales of the Fund’s Class A Shares of approximately $74,600 and contingent deferred sales charge (CDSC) on redeemed shares of approximately $23,300. Sales charges do not represent expenses of the Fund.

Van Kampen Insured Tax Free Income Fund
Notes to Financial Statements n March 31, 2009 (Unaudited) continued

3. Capital Transactions

For the six months ended March 31, 2009 and the year ended September 30, 2008, transactions were as follows:


	For The						For The
	Six Months Ended						Year Ended
	March 31, 2009						September 30, 2008
	Shares			Value			Shares			Value

Sales:
Class A		2,812,808		$	42,043,314			3,018,441		$	51,020,898
Class B		152,110			2,258,191			117,124			1,962,206
Class C		661,564			9,757,633			361,871			6,101,624
Class I		84,345			1,221,062			16,700			278,227

Total Sales		3,710,827		$	55,280,200			3,514,136		$	59,362,955


Dividend Reinvestment:
Class A		1,096,605		$	16,456,309			2,007,553		$	33,440,836
Class B		23,207			347,961			43,319			720,678
Class C		25,079			376,174			30,057			498,051
Class I		2,084			31,324			3,059			50,947

Total Dividend Reinvestment		1,146,975		$	17,211,768			2,083,988		$	34,710,512


Repurchases:
Class A		(4,267,485	)	$	(63,478,670	)		(8,586,406	)	$	(145,175,116	)
Class B		(294,318	)		(4,383,154	)		(501,734	)		(8,448,262	)
Class C		(265,497	)		(3,938,046	)		(260,696	)		(4,392,221	)
Class I		(52,793	)		(785,374	)		(25,477	)		(418,266	)

Total Repurchases		(4,880,093	)	$	(72,585,244	)		(9,374,313	)	$	(158,433,865	)

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 the six months ended March 31, 2009, the Fund received redemption fees of approximately $1,300, 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, were $117,124,883 and $168,950,780, 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.

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 and to manage

Van Kampen Insured Tax Free Income Fund
Notes to Financial Statements n March 31, 2009 (Unaudited) continued

the portfolio’s effective yield, maturity and duration. 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 generally recognized. Risks may arise as a result of the potential inability of the counterparties to meet the terms of their contracts.

Summarized below are the specific types of derivative financial instruments used by the Fund.

A. Futures Contracts A futures contract is an agreement involving the delivery of a particular asset on a specified future date at an agreed upon price. The Fund generally invests in exchange traded futures contracts on U.S. Treasury Bonds or Notes for duration and risk management purposes and typically closes the contract prior to the delivery date. 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). The risk of loss associated with a futures contract is in excess of the variation margin reflected on the Statement of Assets and Liabilities.

There were no transactions in futures contracts for the six months ended March 31, 2009.

B. Inverse Floating Rate Investments The Fund may invest a portion of its assets in inverse floating rate instruments, either through outright purchases of inverse floating rate securities or through the transfer of bonds to a dealer trust in exchange for cash and residual interests in the dealer trust. These investments are typically used by the Fund in seeking to enhance the yield of the portfolio. These instruments typically involve greater risks than a fixed rate municipal bond. In particular, these instruments are acquired through leverage or may have leverage embedded in them and therefore involve many of the risks associated with leverage. Leverage is a speculative technique that may expose the Fund to greater risk and increased costs. Leverage may cause the Fund’s net asset value to be more volatile than if it had not been leveraged because leverage tends to magnify the effect of any increases or decreases in the value of the Fund’s portfolio securities. The use of leverage may also cause the Fund to liquidate portfolio positions when it may not be advantageous to do so in order to satisfy its obligations with respect to inverse floating rate instruments.

7. Distribution 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 .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.

Van Kampen Insured Tax Free Income Fund
Notes to Financial Statements n March 31, 2009 (Unaudited) continued

The amount of distribution expenses incurred by the Distributor and not yet reimbursed (“unreimbursed receivable”) was approximately $589,200 and $71,900 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.

8. 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.

9. Accounting Pronouncements

On March 19, 2008, Financial Accounting Standards Board released Statement of Financial Accounting Standards No. 161, Disclosures about Derivative Instruments and Hedging Activities (FAS 161). FAS 161 requires qualitative disclosures about objectives and strategies for using derivatives, quantitative disclosures about fair value amounts of and gains and losses on derivative instruments, and disclosures about credit-risk-related contingent features in derivative agreements. The application of FAS 161 is required for fiscal years and interim periods beginning after November 15, 2008. At this time, management does not believe the adoption of FAS 161 will impact the financial statement amounts; however, additional footnote disclosures may be required about the use of derivative instruments and hedging items.

On April 9, 2009, the Financial Accounting Standards Board issued Staff Position No. 157-4, Determining Fair Value When the Volume and Level of Activity for the Asset or Liability Have Significantly Decreased and Identifying Transactions That Are Not Orderly (FSP 157-4). FSP 157-4 provides additional guidance for estimating fair value in accordance with FAS 157 when the volume and level of activity for the assets or liability have significantly decreased. FSP 157-4 also requires additional disaggregation of the current FAS 157 required disclosures. FSP 157-4 is effective for interim and annual reporting periods ending after June 15, 2009, and shall be applied prospectively. At this time, management is evaluating the implications of FSP 157-4 and the impact it will have on the financial statement disclosures.

Van Kampen Insured Tax Free 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 333 West Wacker Drive Chicago, Illinois 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 Insured Tax Free 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 annually.

This Policy applies to current and former individual clients of Van Kampen Investments Inc., Van Kampen Asset Management, Van Kampen Advisors Inc., Van Kampen Funds Inc., Van Kampen Investor Services Inc. and Van Kampen Exchange Corp., as well as current and former individual investors in Van Kampen mutual funds, unit investment trusts, 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. Please note that 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 and from third parties and other sources. For example:


	•	We collect information such as your name, address, e-mail address, phone number and account title.

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Van Kampen Insured Tax Free 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 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 Insured Tax Free 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 to the particular purpose for which it was shared and they are not allowed to share personal information with others except to fulfill that limited purpose.

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, and we require them to adhere to confidentiality standards with respect to such information.

4. How Can You Limit the Sharing of Certain Types of Personal Information With Affiliated Companies?

We respect your privacy and offer you choices as to whether we share with affiliated companies personal information that was collected to determine your eligibility for products and services you request (“eligibility information”). Please note that, even if you direct us not to share eligibility information with affiliated companies (“opt-out”), we may still share personal information, including eligibility information, with those companies in circumstances excluded from the opt-out 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 Types of Personal Information by Affiliated Companies for Marketing?

You may limit affiliated companies from marketing their products or services to you based on your personal information that they receive from affiliated companies. This information includes your income, assets and account history. Your choice to limit marketing offers from affiliated companies will apply until you tell us to change your choice.

(continued on next page)

Van Kampen Insured Tax Free Income Fund
An Important Notice Concerning Our
U.S. Privacy Policy continued

If you wish to opt-out of sharing and to limit marketing offers, you may do so by:


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

	•	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.

If you have previously notified us about your privacy preferences, it is not necessary to do so again unless you decide to change your preferences. Your opt-out preference will remain in effect with respect to this Policy (as it may be amended) until you notify us otherwise in writing. If you have a joint account, your direction for us not to share this information with other affiliated companies and for those affiliated companies not to use your personal information for marketing will be applied to all account holders on that account.

Please understand that if you opt-out, you and any joint account holders may not receive information about affiliated company products and services that could help you manage your financial resources and achieve your investment objectives.

If you hold more than one account with Van Kampen, 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.

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”).

(continued on back)

Van Kampen Insured Tax Free Income Fund
An Important Notice Concerning Our
U.S. Privacy Policy continued

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.

Van Kampen Funds Inc.

522 Fifth Avenue

New York, New York 10036

www.vankampen.com

32, 332, 532, 632

TFINSAN 5/09

IU09-02154P-Y03/09

Welcome, Shareholder

In this report, you’ll learn about how your investment in Van Kampen Strategic Municipal Income Fund performed during the semiannual 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 March 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 a mutual 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 that the value of the fund shares may therefore be less than what you paid for them. Accordingly, you can lose money investing in this fund.

Income may subject certain individuals to the federal Alternative Minimum Tax (AMT).

Performance Summary as of 3/31/09

A Shares

B Shares

C Shares

I Shares

since 6/28/85

since 4/30/93

since 8/13/93

since 12/19/07

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

Since Inception

4.72

4.51

2.45

1.87

–17.84

10-year

0.61

0.12

0.00

–0.08

—

5-year

–2.02

–2.96

–2.74

–2.97

–2.76

—

1-year

–20.26

–24.02

–20.88

–23.86

–20.87

–21.62

–19.88

6-month

–15.99

–19.99

–16.24

–19.48

–16.28

–17.09

–15.77

30 day SEC Yield

7.38%

7.00%

8.00%

Gross Expense Ratio

1.19%

1.95%

0.94%

Past performance 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. Expenses are as of the Fund’s fiscal year end.

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 six), 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. The since inception and 10-year returns for Class B shares reflect the conversion of Class B shares into Class A shares eight years after purchase. 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 non-qualified 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. Periods less than one year are not annualized. SEC yield is a calculation for determining the amount of portfolio income, excluding non-income items as prescribed by the SEC. Yields are subject to change.

The Lehman Brother’s Municipal Bond Index, which has been shown in the Fund’s previous shareholder reports and prospectuses, changed its name to Barclays Capital Municipal Bond Index as of November 3, 2008. The Barclays Capital High Yield Municipal Bond Index consists of bonds that are noninvestment grade, unrated, or rated below Ba1 by Moody’s with a remaining maturity of at least one year. The Barclays Capital Municipal Bond Index is generally representative of investment-grade, tax exempt bonds. Based on the Fund’s asset composition, the Fund’s investment adviser believes that Barclays Capital High Yield Municipal Bond Index is a more appropriate broad-based benchmark for the fund than Barclay’s Capital Municipal Bond Index. Accordingly, the Barclays Capital Municipal Bond Index will not be shown on its own in future shareholder reports for the Fund. The indices are unmanaged and their 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 six-month period ended March 31, 2009

Market Conditions

Not surprisingly in this risk-averse environment, the lower-rated segment of the market underperformed, with high-yield municipal bonds (those rated below triple-B or non-rated issues) returning –21.25 percent for the fourth quarter (as measured by the Barclays Capital High Yield Municipal Bond Index) while triple-B rated issues returned –14.68 percent and triple-A rated issues returned 3.44 percent (as measured by the Barclays Capital Municipal Bond Index).

placed due to robust retail demand. In a significant reversal from the last quarter of 2008, municipal bond funds saw approximately $11 billion in net inflows as investors recognized the historical cheapness of the municipal sector.

Performance Analysis

All share classes of Van Kampen Strategic Municipal Income Fund underperformed the Barclays Capital High Yield Municipal Bond Index (the “Index”), the Barclays Capital Municipal Bond Index and the Blended Index (60% Barclays Capital High Yield Municipal Bond Index/40% Barclays Capital Municipal Bond Index) for the six months ended March 31, 2009, assuming no deduction of applicable sales charges.

Total returns for the six-month period ended March 31, 2009

Blended Index

(60% Barclays

Capital High Yield

Municipal Bond

Barclays Capital

Index/

High Yield

Barclays Capital

40% Barclays

Municipal Bond

Capital Municipal

Class A

Class B

Class C

Class I

Index

Index*

Bond Index)

–15.99

–16.24

–16.28

–15.77

–15.23

5.00

–7.40

The Fund maintained an approximate 70 percent allocation to lower- and non-rated municipal bonds during the six-month reporting period. Although this segment of the market rebounded in the first quarter of 2009, the gains were not enough to offset the losses high-yield bonds suffered in the fourth quarter of 2008 when risk-aversion drove spreads dramatically wider. Therefore, on an absolute basis, the Fund’s high-yield holdings hindered performance.

As the market stabilized and conditions became more favorable in early 2009, we began adding to positions in industrial development revenue and airline bonds, yet the Fund remained underweight relative to the Index in these sectors. These underweight positions were disadvantageous to performance as both sectors performed well during the period. The Fund’s relative overweight to land district bonds also detracted slightly from relative performance.

*Based on the Fund’s asset composition, the Fund’s investment adviser believes that Barclays Capital High Yield Municipal Bond Index is a more appropriate broad-based benchmark for the Fund than the Barclays Capital Municipal Bond Index. Accordingly, the Barclays Capital Municipal Bond Index will not be shown on its own in future shareholder reports for the Fund.

Other investments, however, were additive to relative returns. Fund held an overweight allocation to hospital bonds, which was particularly beneficial as the sector enjoyed considerable gains in the first quarter of 2009. The Fund’s holdings in pre-refunded bonds* also enhanced performance. These highly-rated, short-maturity securities benefited from the outperformance of the high-quality segment of the market and the front end of the municipal yield curve for the period.

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.

*Pre-refunding, or advance refunding, is a financing structure under which new bonds are issued to repay an outstanding bond issue, generally on its first call date. The proceeds from the new issuance are held in an escrow of high-quality U.S. government securities dedicated solely to pay interest and principal on the outstanding bond issue. Pre-refunded bonds are the outstanding bonds that will be refunded from this escrow and therefore, are typically rated ‘AAA’.


Ratings Allocation as of 3/31/09 (Unaudited)

AAA/Aaa	1.8	%
AA/Aa	1.4
A/A	3.0
BBB/Baa	11.5
BB/Ba	4.5
B/B	0.9
CCC/Caa	0.6
Non-Rated	76.3


Top 5 Sectors as of 3/31/09 (Unaudited)

Special Tax Districts	21.5	%
Life Care	16.9
Hospital	15.7
Master Tobacco Settlement	4.7
Tax Allocation/Increment	4.3


Summary of Investments by State Classification as of 3/31/09 (Unaudited)

Florida	14.4	%
California	9.4
Illinois	9.4
Minnesota	5.4
Pennsylvania	5.4
New York	5.0
Texas	4.8
Ohio	4.7
Arizona	3.6
Missouri	3.2
Colorado	3.1
Washington	2.5
Michigan	2.4
New Jersey	2.2
Maryland	2.1
Virginia	1.7
Massachusetts	1.7
Tennessee	1.7
Iowa	1.6
Georgia	1.6
Indiana	1.4
Louisiana	1.4
Alabama	1.1
Nevada	1.1
Wisconsin	1.0
South Carolina	1.0
Oregon	0.9
West Virginia	0.7
Oklahoma	0.6
Connecticut	0.6
District of Columbia	0.6
Rhode Island	0.4
Alaska	0.4
Hawaii	0.4

(continued on next page)


Summary of Investments by State Classification as of 3/31/09 (Unaudited)
(continued from previous page)

New Mexico	0.4	%
Wyoming	0.4
Kansas	0.3
Mississippi	0.3
North Carolina	0.3
New Hampshire	0.3
Vermont	0.3
Utah	0.2
Montana	0.2
Delaware	0.2
South Dakota	0.2
Idaho	0.2
North Dakota	0.1
U.S. Virgin Islands	0.1
Puerto Rico	0.0	*

Total Long-Term Investments	101.0
Short-Term Investments	.1

Total Investments	101.1
Liability for Floating Rate Note Obligations Related to Securities Held	(3.7	)

Net Investments	97.4
Other Assets in Excess of Liabilities	2.6

Net Assets	100.0	%


*		Amount is less than 0.1%

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 sectors shown above. Ratings allocations are as a percentage of long-term investments. Sectors are as a percentage of total investments. Summary of investments by state classification is as a percentage of total net assets. Securities are classified by sectors that represent broad groupings of related industries. 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. Rating allocations are based upon ratings as issued by Standard and Poor’s and Moody’s, respectively.

For More Information About Portfolio Holdings

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

Householding Notice

Proxy Voting Policy and Procedures and Proxy Voting Record

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 Class C Shares; and redemption fees; 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 10/1/08 - 3/31/09.

Actual Expense

Hypothetical Example for Comparison Purposes

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 or redemption fees. 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*

	10/1/08		3/31/09		10/1/08-3/31/09

Class A
Actual	$	1,000.00	$	840.13	$	4.63
Hypothetical		1,000.00		1,019.90		5.09
(5% annual return before expenses)

Class B
Actual		1,000.00		837.55		8.06
Hypothetical		1,000.00		1,016.16		8.85
(5% annual return before expenses)

Class C
Actual		1,000.00		837.19		8.06
Hypothetical		1,000.00		1,016.16		8.85
(5% annual return before expenses)

Class I
Actual		1,000.00		842.25		3.40
Hypothetical		1,000.00		1,021.24		3.73
(5% annual return before expenses)


*		Expenses are equal to the Fund’s annualized expense ratio of 1.01%, 1.76%, 1.76% and 0.74% for Class A, B, C and I Shares, respectively, multiplied by the average account value over the period, multiplied by 182/365 (to reflect the one-half year period).

Assumes all dividends and distributions were reinvested.

The following table shows what expenses a shareholder would have paid, excluding interest and residual trust expenses.


	Beginning		Ending		Expenses Paid
	Account Value		Account Value		During Period*

	10/1/08		3/31/09		10/1/08-3/31/09

Class A
Actual	$	1,000.00	$	840.13	$	4.04
Hypothetical		1,000.00		1,020.54		4.43
(5% annual return before expenses)

Class B
Actual		1,000.00		837.55		7.47
Hypothetical		1,000.00		1,016.80		8.20
(5% annual return before expenses)

Class C
Actual		1,000.00		837.19		7.47
Hypothetical		1,000.00		1,016.80		8.20
(5% annual return before expenses)

Class I
Actual		1,000.00		842.25		2.80
Hypothetical		1,000.00		1,021.89		3.07
(5% annual return before expenses)


*		Expenses are equal to the Fund’s annualized expense ratio of 0.88%, 1.63%, 1.63% and 0.61% for Class A, B, C and I Shares, respectively, multiplied by the average account value over the period, multiplied by 182/365 (to reflect the one-half year period).

Assumes all dividends and distributions were reinvested.

Van Kampen Strategic Municipal Income Fund

Portfolio of Investments n March 31, 2009 (Unaudited)


Par
Amount
(000)		Description	Coupon			Maturity	Value


		Municipal Bonds 101.0% Alabama 1.1%
$	500	Alexander City, AL Spl Care Fac Fin Auth Med Fac Rev Russell Hosp Corp, Ser A		5.750	%	12/01/36	$	310,970
	1,500	Colbert Cnty Northwest Auth Hlthcare Fac		5.750		06/01/27		1,184,820
	3,240	Cullman, AL Cullman Med Pk South Med Clinic Brd Rev Cullman Regl Med Ctr, Ser A		6.500		02/15/23		2,890,210
	1,000	Huntsville Redstone Vlg, AL Spl Care Fac Fin Auth Redstone Vlg Proj		5.500		01/01/28		654,260
	3,785	Huntsville Redstone Vlg, AL Spl Care Fac Fin Auth Redstone Vlg Proj		5.500		01/01/43		2,183,642
	1,470	Huntsville Redstone Vlg, AL Spl Care Fac Fin Auth Redstone Vlg Proj, Ser A		6.875		01/01/43		1,036,703
	250	Huntsville Redstone Vlg, AL Spl Care Fac Fin Auth, Ser A (Prerefunded @ 12/01/12)		8.250		12/01/32		312,967
	3	Mobile, AL Indl Dev Brd Solid Waste Disp Rev Mobile Energy Svc Co Proj Rfdg (a)		6.950		01/01/20		277
	1,395	Valley, AL Spl Care Fac Fin Auth Rev Lanier Mem Hosp, Ser A		5.600		11/01/16		1,195,236
	1,750	Valley, AL Spl Care Fac Fin Auth Rev Lanier Mem Hosp, Ser A		5.650		11/01/22		1,304,380

								11,073,465

		Alaska 0.4%
	1,000	Alaska Indl Dev & Expt Auth Williams Lynxs AK Cargoport (AMT) (Acquired 05/17/01, Cost $1,000,000) (b)		7.800		05/01/14		933,900
	3,565	Juneau, AK City & Borough Rev Saint Ann’s Care Ctr Proj		6.875		12/01/25		2,817,669

								3,751,569

		Arizona 3.6%
	1,000	Arizona Hlth Fac Auth Rev Terraces Proj, Ser A (Prerefunded @ 11/15/13)		7.500		11/15/23		1,204,810
	1,250	Arizona Hlth Fac Auth Rev Terraces Proj, Ser A (Prerefunded @ 11/15/13)		7.750		11/15/33		1,539,400
	2,500	Casa Grande, AZ Indl Dev Auth Hosp Rev Casa Grande Regl Med Ctr Rfdg, Ser A		7.625		12/01/29		1,962,000
	5,390	Cochise Cnty, AZ Indl Dev Sierra Vista Cmnty Hosp Rfdg, Ser A		6.750		12/01/26		4,324,074
	960	Flagstaff, AZ Indl Dev Auth Rev Sr Living Cmnty Northn AZ Proj (Prerefunded @ 3/01/13)		7.500		03/01/35		1,182,067
	5,050	Flagstaff, AZ Indl Dev Auth Rev Sr Living Cmnty Northn AZ Rfdg		5.700		07/01/42		3,129,788
	1,500	Peoria, AZ Indl Dev Auth Rev Sierra Winds Life Rfdg, Ser A		6.375		08/15/29		1,098,300

See Notes to Financial Statements

Van Kampen Strategic Municipal Income Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity	Value


		Arizona (Continued)
$	2,525	Pima Cnty, AZ Indl Dev Auth Ed Rev Fac Choice Ed & Dev Corp Proj		6.250	%	06/01/26	$	1,866,126
	1,590	Pima Cnty, AZ Indl Dev Auth Ed Rev Fac PLC Charter Schs Proj		6.500		04/01/26		1,236,352
	2,805	Pima Cnty, AZ Indl Dev Auth Ed Rev Fac PLC Charter Schs Proj		6.750		04/01/36		2,067,706
	4,225	Pima Cnty, AZ Indl Dev Auth Ed Rev Fac Premier & Air Co (a) (d)		7.000		09/01/35		2,663,229
	1,865	Pima Cnty, AZ Indl Dev Auth Ed Rev Milestones Charter Sch Proj		6.750		11/01/33		1,275,809
	800	Pima Cnty, AZ Indl Dev Auth Fac Skyline Tech High Sch Proj (a)		7.500		02/01/34		611,432
	6,000	Pima Cnty, AZ Indl Dev Auth Lease Rev Constellation Schs Proj		7.000		01/01/38		4,454,040
	1,000	Pima Cnty, AZ Indl Dev Auth Rev La Posada at Pk Ctr, Ser A		7.000		05/15/27		816,980
	2,000	Pima Cnty, AZ Indl Dev Auth Wtr & Waste Rev Global Wtr Res LLC Proj (AMT) (Acquired 12/15/06, Cost $2,000,000) (b)		5.600		12/01/22		1,411,380
	3,000	Pima Cnty, AZ Indl Dev Auth Wtr & Waste Wtr Rev Global Wtr Res LLC Proj (AMT)		7.500		12/01/38		2,312,370
	775	Red Hawk Canyon Cmnty Fac Dist No 2 AZ Dist Assmt Rev, Ser A		6.500		12/01/12		697,105
	1,960	Tucson, AZ Multi-Family Rev Hsg Catalina Asstd Living, Ser A (AMT) (a)		6.500		07/01/31		1,171,394

								35,024,362

		California 9.4%
	1,000	ABAG Fin Auth Nonprofit Corp CA Amern Baptist Homes Rfdg, Ser A		5.850		10/01/27		734,000
	1,000	Beaumont, CA Fin Auth Loc Agy, Ser A		5.600		09/01/25		770,070
	2,000	Beaumont, CA Fin Auth Loc Agy, Ser A		5.650		09/01/30		1,447,700
	2,000	Beaumont, CA Fin Auth Loc Agy, Ser A		5.700		09/01/35		1,403,200
	1,000	Beaumont, CA Fin Auth Loc Agy, Ser D		5.800		09/01/35		713,110
	1,000	Blythe, CA Redev Agy Proj		5.750		05/01/34		719,270
	2,000	California Statewide Cmntys Dev Auth Chf Irvine LLC UCI East Campus		6.000		05/15/40		1,610,120
	2,500	California Statewide Cmnty Dev Auth Rev CA Baptist Univ, Ser A		5.500		11/01/38		1,466,775
	1,720	California Statewide Cmntys Dev Auth Rev Lancer Ed Student Hsg Proj		5.625		06/01/33		1,006,492
	3,250	California Statewide Cmntys Dev Auth Rev Thomas Jefferson Sch Law, Ser A (a)		7.250		10/01/38		2,483,065
	1,000	California Statewide Cmntys Dev Auth San Francisco Art Institute (Acquired 07/05/02, Cost $1,000,000) (a) (b)		7.375		04/01/32		695,140

See Notes to Financial Statements

Van Kampen Strategic Municipal Income Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity	Value


		California (Continued)
$	2,735	California Statewide Cmntys Dev Auth Spl Tax Cmnty Fac Dist 2007-1 Orinda		6.000	%	09/01/29	$	2,135,379
	2,700	California Statewide Cmntys Dev Auth Statewide Cmnty, Ser A		6.625		09/02/38		2,111,832
	1,000	Chino, CA Cmnty Fac Dist No 03 Impt Area 1		5.700		09/01/29		778,780
	1,500	Corona-Norco, CA Univ Sch Dist Pub Fin Auth Spl Tax Rev, Ser A		5.800		09/01/35		1,079,265
	1,435	Fairfield, CA Cmnty Fac Dist Spl Tax No 2007-1 Fairfield Commons		6.500		09/01/23		1,175,753
	1,530	Fairfield, CA Cmnty Fac Dist Spl Tax No 2007-1 Fairfield Commons		6.875		09/01/38		1,168,767
	2,000	Fontana, CA Spl Tax Cmnty Fac Dist No 22 Sierra Hills		6.000		09/01/34		1,488,240
	2,300	Foothill/Eastern Tran Corridor Agy CA Toll Rd Rev (NATL Insd)		*		01/15/18		1,095,007
	12,650	Golden St Tob Sec Corp CA Tob Settlement Rev Asset Bkd Sr, Ser A-1		5.750		06/01/47		7,102,975
	22,500	Golden St Tob Sec Corp CA Tob Settlement Rev Enhanced Asset Bk (BHAC Insd) (c)		5.000		06/01/45		21,108,825
	2,000	Indio, CA Redev Agy Tax Alloc Sub Merged Proj Area, Ser B (Prerefunded @ 8/15/14)		6.375		08/15/33		2,408,240
	490	Indio, CA Redev Agy Tax Alloc Sub Merged Proj Area, Ser B (Prerefunded @ 8/15/14)		6.500		08/15/34		569,209
	1,000	Jurupa, CA Cmnty Svc Dist Spl Cmnty Fac Dist No 4, Ser A		5.700		09/01/34		655,430
	2,500	Lake Elsinore, CA Spl Tax Cmnty Fac Dist 2 Area AA		5.450		09/01/36		1,682,950
	1,000	Lee Lake Wtr Dist CA Cmnty Fac Dist No 1 Spl Tax Sycamore Creek		6.000		09/01/33		738,280
	1,325	Millbrae, CA Residential Fac Rev Magnolia of Millbrae Proj, Ser A (AMT)		7.375		09/01/27		1,089,508
	1,000	Murrieta, CA Cmnty Fac Dist No 2 the Oaks Impt Area A		5.900		09/01/27		789,240
	1,000	Murrieta, CA Cmnty Fac Dist No 2 the Oaks Impt Area A		6.000		09/01/34		748,250
	1,000	Murrieta, CA Cmnty Fac Dist No 2 the Oaks Impt Area B		6.000		09/01/27		798,710
	3,000	Northstar Cmnty Svc Dist CA Spl Tax Cmnty Fac Dist No 1		5.450		09/01/28		2,179,980
	1,000	Palmdale, CA Spl Tax Cmnty Fac 03-1 Anaverde A		5.350		09/01/30		659,570
	1,100	Palmdale, CA Spl Tax Cmnty Fac 03-1 Anaverde A		5.400		09/01/35		698,082
	1,000	Perris, CA Cmnty Fac Dist Spl Tax No 01-2, Ser A		6.375		09/01/32		787,600

See Notes to Financial Statements

Van Kampen Strategic Municipal Income Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity	Value


		California (Continued)
$	2,500	Quechan Indian Tribe Ft Yuma Indian Reservation CA & Govt Proj		7.000	%	12/01/27	$	1,724,625
	2,000	Rancho Cordova Cmnty Fac Dist CA Spl Tax No 2003 1 Sunridge Anatolia		5.500		09/01/37		1,350,160
	2,000	Riverside, CA Univ Sch Dist Tax Cmnty Fac Dist 15 Impt Area 1		5.550		09/01/30		1,423,820
	2,535	Sacramento Cnty, CA Spl Tax Cmnty Fac Dist No 05-2, Ser A		6.000		09/01/37		1,632,489
	6,000	San Jose, CA Multi-Family Hsg Rev Helzer Courts Apt Proj, Ser A (AMT) (a)		6.400		12/01/41		4,136,820
	2,000	San Marcos, CA Pub Fac Auth Spl Tax Rev, Ser A		5.650		09/01/36		1,395,620
	5,700	Silicon Vly Tob Securitization Auth CA Tob Settlement Rev Cap Apprec Turbo Santa Clara, Ser A		*		06/01/36		364,686
	4,645	Silicon Vly Tob Securitization Auth CA Tob Settlement Rev Cap Apprec Turbo Santa Clara, Ser A		*		06/01/41		173,769
	9,000	Silicon Vly Tob Securitization Auth CA Tob Settlement Rev Cap Apprec Turbo Santa Clara, Ser A		*		06/01/47		182,430
	22,500	Silicon Vly Tob Securitization Auth CA Tob Settlement Rev Cap Apprec Turbo Santa Clara, Ser C		*		06/01/56		119,475
	7,500	Silicon Vly Tob Securitization Auth CA Tob Settlement Rev Cap Apprec Turbo Santa Clara, Ser D		*		06/01/56		38,925
	4,550	Sweetwater, CA Un High Sch Dist Election 2000, Ser C (FSA Insd) (c)		5.000		08/01/29		4,401,966
	3,000	Temecula, CA Pub Fin Auth Spl Tax Roripaugh Cmnty Fac Dist 03-2		5.500		09/01/36		1,434,390
	35,000	Tobacco Securitization Auth Southn CA Tob Settlement Cabs First Sub, Ser B		*		06/01/46		772,100
	27,200	Tobacco Securitization Auth Southn CA Tob Settlement Cabs Second Sub, Ser C		*		06/01/46		504,832
	47,000	Tobacco Securitization Auth Southn CA Tob Settlement Cabs Third Sub		*		06/01/46		757,640
	1,000	Upland, CA Cmnty Fac Dist 2003 San Antonio Impt, Ser 1A		5.900		09/01/24		795,870
	1,500	Upland, CA Cmnty Fac Dist 2003 San Antonio Impt, Ser 1A		6.000		09/01/34		1,088,385
	880	Vallejo, CA Pub Fin Auth Loc Hiddenbrooke Impt Dist, Ser A		5.800		09/01/31		641,238

See Notes to Financial Statements

Van Kampen Strategic Municipal Income Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity	Value


		California (Continued)
$	995	Woodland, CA Spl Tax Cmnty Fac Dist 1 Spring Lake		6.250	%	09/01/34	$	766,210
	1,800	Yuba City, CA Redev Agy Tax Proj, Ser A		6.000		09/01/31		1,286,550

								91,090,814

		Colorado 3.1%
	1,060	Beacon Pt Metro Dist CO, Ser A		6.125		12/01/25		761,006
	1,005	Beacon Pt Metro Dist CO, Ser A		6.250		12/01/35		667,481
	1,000	Bromley Pk Metro Dist CO No 2, Ser B (Prerefunded @ 12/01/12)		8.050		12/01/32		1,250,740
	1,000	Castle Oaks Metro Dist CO Ltd Tax		6.000		12/01/25		676,380
	1,500	Castle Oaks Metro Dist CO Ltd Tax		6.125		12/01/35		931,215
	1,700	Colorado Ed & Cultural Fac Auth Rev Charter Sch Brighton Sch Proj		6.000		11/01/36		1,071,833
	570	Colorado Ed & Cultural Fac Auth Rev Charter Sch Frontier Academy (Prerefunded @ 6/01/11)		7.250		06/01/20		628,995
	1,630	Colorado Hlth Fac Auth Hlth & Residential Care Fac Volunteers of Amer Care, Ser A		5.300		07/01/37		901,585
	3,000	Colorado Hlth Fac Auth Rev Amern Baptist Home, Ser A		5.900		08/01/37		1,870,620
	1,410	Confluence Metro Dist, CO Tax Supported Rev		5.400		12/01/27		975,678
	1,800	Confluence Metro Dist, CO Tax Supported Rev		5.450		12/01/34		1,123,866
	2,000	Copperleaf Metro Dist No 2 CO		5.950		12/01/36		1,095,460
	2,000	Elbert & Hwy 86 Coml Metro Dist Pub Impt Fee Rev, Ser A		7.500		12/01/32		1,435,920
	2,500	Elk Vly, CO Pub Impt Fee, Ser A		7.300		09/01/22		2,183,500
	1,150	High Plains Metro Dist CO, Ser A		6.125		12/01/25		772,087
	2,250	High Plains Metro Dist CO, Ser A		6.250		12/01/35		1,355,850
	510	Lafayette, CO Indl Dev Rev Rocky Mtn Instr Proj, Ser A (a) (d)		6.750		10/01/14		257,723
	1,855	Lafayette, CO Indl Dev Rev Rocky Mtn Instr Proj, Ser A (AMT) (a) (d)		7.000		10/01/18		931,247
	1,500	Lincoln Pk, CO Metro Dist Rfdg & Impt		6.125		12/01/30		1,178,580
	1,665	Lincoln Pk, CO Metro Dist Rfdg & Impt		6.200		12/01/37		1,272,077
	1,975	Montezuma Cnty, CO Hosp Dist Hlth Fac Enterprise Hosp Rfdg (a)		5.900		10/01/37		1,263,091
	500	Neu Towne, CO Metro Dist (a) (e)		7.250/1.800		12/01/34		174,425
	3,500	Northwest CO Metro Dist No 3 Ltd Tax		6.125		12/01/25		1,992,935
	1,000	Serenity Ridge, CO Metro Dist No 2 (a) (e)		7.500/3.750		12/01/34		478,850
	1,491	Skyland Metro Dist CO Gunnison Cnty Rfdg (a)		6.750		12/01/22		1,339,276
	1,000	Southlands Metro Dist No 1 CO (Prerefunded @ 12/01/14)		7.000		12/01/24		1,248,930

See Notes to Financial Statements

Van Kampen Strategic Municipal Income Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity	Value


		Colorado (Continued)
$	3,500	Tallgrass Metro Dist CO Rfdg & Impt		5.250	%	12/01/37	$	1,973,965
	1,000	Vista Ridge Metro Dist CO Rfdg Ltd Tax Sub, Ser B		6.625		12/01/40		726,440

								30,539,755

		Connecticut 0.6%
	1,500	Connecticut St Dev Auth Indl Afco Cargo Bdlg LLC Proj (AMT)		8.000		04/01/30		1,274,250
	2,500	Mashantucket Westn Pequot Tribe Conn Spl Rev Sub, Ser A (f)		5.750		09/01/34		1,239,275
	2,190	Mashantucket Westn Pequot Tribe Conn Spl Rev Sub, Ser A (f)		6.500		09/01/31		1,241,073
	3,500	Mohegan Tribe Indians CT Pub Impt Priority Dist (f)		5.250		01/01/33		1,302,140
	2,000	Mohegan Tribe Indians CT Pub Impt Priority Dist (Acquired 09/27/01, Cost $1,955,120) (b)		6.250		01/01/31		911,120

								5,967,858

		Delaware 0.2%
	850	Sussex Cnty, DE Rev Adj First Mtg Cadbury Lewes, Ser A		5.900		01/01/26		610,563
	1,000	Sussex Cnty, DE Rev Adj First Mtg Cadbury Lewes, Ser A		6.000		01/01/35		638,920
	1,015	Wilmington, DE Multi-Family Rent Rev Hsg Electra Arms Sr Assoc Proj (AMT) (a)		6.250		06/01/28		732,140

								1,981,623

		District of Columbia 0.6%
	3,600	District of Columbia Income Tax Rev Rfdg, Ser B (c)		5.000		12/01/25		3,671,694
	85	District of Columbia Prerefunded Rfdg, Ser A1 (NATL Insd) (g)		6.500		06/01/10		90,423
	1,000	District of Columbia Rev Methodist Home Issue		6.000		01/01/29		694,020
	13,940	District of Columbia Tob Settlement Fin Corp, Ser A		*		06/15/46		266,812
	17,500	District of Columbia Tob Settlement Fin Corp, Ser B		*		06/15/46		280,875
	67,660	District of Columbia Tob Settlement Fin Corp, Ser C		*		06/15/55		314,619

								5,318,443

		Florida 14.4%
	2,750	Alachua Cnty, FL Indl Dev Rev North FL Retirement Vlg		5.875		11/15/36		1,821,050
	4,500	Alachua Cnty, FL Indl Dev Rev North FL Retirement Vlg		5.875		11/15/42		2,873,385

See Notes to Financial Statements

Van Kampen Strategic Municipal Income Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity	Value


		Florida (Continued)
$	2,605	Anthem Pk Cmnty Dev Dist FL Cap Impt Rev		5.800	%	05/01/36	$	1,521,268
	1,975	Bainebridge Cmnty Dev Dist FL Spl Assmt		5.500		05/01/38		1,062,846
	2,430	Bartram Pk Cmnty Dev Dist FL Assmt		5.400		05/01/37		1,347,338
	1,325	Bay Laurel Ctr Cmnty Dev Dist FL Spl Assmt Candler		5.450		05/01/37		778,000
	1,360	Beacon Lakes, FL Cmnty Dev FL Spl Assmt, Ser A		6.000		05/01/38		840,480
	1,500	Beacon Lakes, FL Cmnty Dev FL Spl Assmt Sub, Ser B		6.200		05/01/38		909,375
	1,320	Beeline Cmnty Dev Dist FL Spl Assmt, Ser A		7.000		05/01/37		955,495
	1,000	Bellalago Ed Fac Benefits, Ser A		6.000		05/01/33		767,380
	940	Bellalago Ed Fac Benefits, Ser B		5.800		05/01/34		698,693
	4,145	Bloomingdale, FL Cmnty Dev Dist Spl Assmt Rev		5.875		05/01/36		2,752,653
	955	Bluewaters Cmnty Dev Dist of FL		6.000		05/01/35		727,309
	1,725	Boca Raton, FL Hsg Auth Mtg Hsg First Lien Banyan Pl Sr Apts Rfdg (Acquired 03/23/06, Cost $1,684,601) (b)		5.800		10/01/26		1,175,070
	2,350	Boca Raton, FL Hsg Auth Mtg Hsg First Lien Banyan Pl Sr Apts Rfdg (Acquired 03/23/06, Cost $2,317,265) (b)		5.900		10/01/36		1,441,419
	2,500	Bonnet Creek Resort Cmnty Dev		7.500		05/01/34		1,976,700
	1,980	Brevard Cnty, FL Hlth Fac Auth Residential Care Fac Rev Buena Vida Estates Inc		6.750		01/01/37		1,394,811
	765	Caribe Palm Cmnty Dev Dist FL Spl Assmt, Ser A		5.850		05/01/35		570,376
	2,975	City Ctr Cmnty Dev Dist FL Spl Assmt Rev, Ser A		6.000		05/01/38		1,820,254
	800	City Ctr Cmnty Dev Dist FL Spl Assmt Rev, Ser A		6.125		05/01/36		502,648
	2,325	Double Brn Cmnty Dev Dist FL Spl Assmt, Ser A		6.700		05/01/34		2,262,969
	715	Escambia Cnty, FL Rev ICF/MR Pensacola Care Dev Ctr (a)		10.250		07/01/11		716,809
	1,670	Escambia Cnty, FL Rev ICF/MR Pensacola Care Dev Ctr, Ser A (a)		10.250		07/01/11		1,674,225
	4,900	Fiddlers Creek Cmnty Dev Dist (a).		6.000		05/01/38		3,028,200
	2,465	Florida Hsg Fin Corp Multi-Family Hsg Whistlers Cove Apt Proj (AMT) (a)		6.500		01/01/39		1,534,191
	3,545	Florida Hsg Fin Corp Rev Hsg Beacon Hill Apt, Ser C (AMT) (a)		6.610		07/01/38		2,544,424
	6,880	Florida Hsg Fin Corp Rev Hsg Cypress Trace Apt, Ser G (AMT) (a)		6.600		07/01/38		4,981,326

See Notes to Financial Statements

Van Kampen Strategic Municipal Income Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity	Value


		Florida (Continued)
$	4,635	Florida Hsg Fin Corp Rev Hsg Westchase Apt, Ser B (AMT) (a)		6.610	%	07/01/38	$	3,263,828
	2,450	Gramercy Farms Cmnty Dev Dist FL Spl Assmt, Ser A1 (a)		5.250		05/01/39		1,158,433
	2,100	Gramercy Farms Cmnty Dev Dist FL Spl Assmt, Ser B (a)		5.100		05/01/14		1,011,696
	4,000	Grand Bay at Doral Cmnty Dev Dist FL, Ser B		6.000		05/01/17		2,770,360
	2,430	Hammock Bay Cmnty Dev Dist FL Spl Assmt Rev, Ser A		6.125		05/01/35		1,883,031
	1,410	Harbour Isles Cmnty Dev Dist of FL		6.125		05/01/35		847,932
	1,450	Hawks Pt Cmnty Dev Dist FL Spl Assmt Hawk’s Point Cmnty Dev A		5.300		05/01/39		789,438
	260	Heritage Harbor Cmnty Dev Dist FL Rev Rec		7.750		05/01/23		202,839
	1,925	Highlands, FL Cmnty Dev Dist Spl Assmt		5.550		05/01/36		1,029,856
	3,500	Hillsborough Cnty, FL Hsg Fin Hsg Clipper Cove Apt Proj, Ser A (AMT) (a)		7.375		07/01/40		2,870,140
	4,500	Hillsborough Cnty, FL Indl Dev Auth Indl Dev Rev Hlth Fac Univ Cmnty Hosp, Ser A		5.625		08/15/29		3,366,675
	945	Islands at Doral III Cmnty 2004, Ser A		5.900		05/01/35		586,495
	1,000	Islands at Doral NE Cmnty Dev		6.250		05/01/34		790,710
	3,200	Jacksonville, FL Econ Dev Commn Hlthcare Fac Rev Rfdg FL Proton Therapy Inst A (Acquired 08/09/07 and 09/10/08, Cost $3,211,920) (b)		6.250		09/01/27		2,381,856
	1,460	Kendall Breeze West Cmnty Dev Dist FL Spl Assmt		5.875		05/01/34		1,096,737
	1,890	Keys Cove Cmnty Dev Dist FL Assmt Rev		5.875		05/01/35		1,414,211
	980	Lakeside Landings Cmnty Dev Dist FL Spl Assmt, Ser A		5.500		05/01/38		485,933
	1,970	Lakeside Landings Cmnty Dev Dist FL Spl Assmt, Ser B		5.250		05/01/13		998,416
	3,940	Landmark at Doral Cmnty Dev Dist FL Spl Assmt, Ser A		5.500		05/01/38		1,789,706
	2,475	Landmark at Doral Cmnty Dev Dist FL Spl Assmt, Ser B		5.200		05/01/15		1,141,594
	2,000	Lee Cnty, FL Indl Dev Auth Hlthcare Fac Rev Cypress Cove Hlthpk, Ser A		6.750		10/01/32		1,381,620
	1,500	Lee Cnty, FL Indl Dev Auth Indl Dev Rev Lee Charter Fndtn, Ser A		5.250		06/15/27		925,800
	1,500	Lee Cnty, FL Indl Dev Auth Indl Dev Rev Lee Charter Fndtn, Ser A		5.375		06/15/37		842,025
	3,290	Leon Cnty, FL Ed Fac Auth Rev Southgate Residence Hall Rfdg, Ser A (a)		6.750		09/01/28		2,404,266
	2,320	Meadow Woods Cmnty Dev Dist FL, Ser A		6.050		05/01/35		1,218,603

See Notes to Financial Statements

Van Kampen Strategic Municipal Income Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity	Value


		Florida (Continued)
$	1,500	Miami Beach, FL Hlth Fac Auth Hosp Rev Rfdg Mt Sinai Med Ctr FL (Acquired 09/09/08, Cost $1,497,000) (b)		6.750	%	11/15/21	$	1,115,910
	2,500	Miami Beach, FL Hlth Fac Auth Hosp Rev Rfdg Mt Sinai Med Ctr FL (Acquired 04/26/04, Cost $2,411,600) (b)		6.750		11/15/29		1,619,025
	1,000	Miami-Dade Cnty, FL Aviation Rev Miami Intl Arpt, Ser A (AGL Insd) (AMT) (c)		5.250		10/01/33		888,020
	2,500	Miami-Dade Cnty, FL Aviation Rev Miami Intl Arpt, Ser A (AGL Insd) (AMT) (c)		5.500		10/01/24		2,444,000
	3,000	Miami-Dade Cnty, FL Aviation Rev Miami Intl Arpt, Ser A (AGL Insd) (AMT) (c)		5.500		10/01/25		2,896,035
	4,565	Miami-Dade Cnty, FL Bldg Better Cmntys Prog, Ser A (AGL Insd) (c)		5.000		07/01/30		4,471,075
	4,530	Midtown Miami, FL Cmnty Dev FL Spl Assmt Rev, Ser A		6.000		05/01/24		3,214,261
	1,465	Midtown Miami, FL Cmnty Dev FL Spl Assmt Rev, Ser A		6.250		05/01/37		930,846
	855	Miromar Lakes Cmnty Dev Dist Rfdg, Ser B		7.250		05/01/12		805,478
	835	Northern Palm Beach Cnty Impt Dist FL Impt Wtr Ctl & Impt Unit Dev No 16 Rfdg		7.500		08/01/24		753,813
	1,675	Oak Creek Cmnty Dev Dist FL Spl Assmt		5.800		05/01/35		1,009,723
	500	Orange Cnty, FL Hlth Fac Auth Rev First Mtg Orlando Lutheran Tower		5.500		07/01/38		288,915
	1,000	Orange Cnty, FL Hlth Fac Auth Rev Hosp Adventist Hlth Sys (Prerefunded @ 11/15/10)		6.375		11/15/20		1,095,760
	2,000	Orange Cnty, FL Hlth Fac Auth Rev Westminster Cmnty Care		6.600		04/01/24		1,643,000
	960	Overoaks, FL Cmnty Dev Dist Cap Impt Rev, Ser A		6.125		05/01/35		532,838
	4,865	Palm Coast Pk Cmnty Dev Dist FL Spl Assmt Rev		5.700		05/01/37		2,607,981
	940	Parklands Lee Cmnty Dev Dist FL Spl Assmt, Ser A		5.800		05/01/35		455,214
	950	Pine Island Cmnty Dev Dist FL Spl Assmt		5.750		05/01/35		558,875
	3,000	Pinellas Cnty, FL Hlth Fac Auth Oaks of Clearwtr Proj		6.250		06/01/34		2,471,970
	1,610	Poinciana Cmnty Dev Dist FL Spl Assmt, Ser A		7.125		05/01/31		1,403,002
	1,855	Reunion East Cmnty Dev Dist FL Spl Assmt		5.800		05/01/36		939,224
	1,950	Reunion West Cmnty Dev Dist FL Spl Assmt		6.250		05/01/36		953,024
	920	Saddlebrook, FL Cmnty, Ser A		6.900		05/01/33		792,120

See Notes to Financial Statements

Van Kampen Strategic Municipal Income Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity	Value


		Florida (Continued)
$	1,600	Saint John’s Cnty, FL Indl Dev Auth Hlthcare Glenmoor Proj, Ser A		5.375	%	01/01/40	$	893,520
	440	Saint John’s Cnty, FL Indl Dev Auth Hlthcare Glenmoor Saint John’s Proj, Ser A (Prerefunded @ 1/01/10)		8.000		01/01/17		470,686
	2,550	Sarasota Natl Cmnty Dev Dist FL Spl Assmt		5.300		05/01/39		1,320,722
	1,860	Silver Palms Cmnty Dev Dist		5.900		05/01/34		1,402,124
	1,500	Six Mile Creek Cmnty Dev Dist FL Cap Impt Rev		5.875		05/01/38		649,440
	1,300	South Dade Venture Cmnty Dev		6.125		05/01/34		1,010,802
	1,435	South Vlg Cmnty Dev Dist FL Cap Impt Rev, Ser A		5.700		05/01/35		815,166
	1,000	Split Pine Cmnty Dev Dist FL Spl Assmt, Ser A		5.250		05/01/39		541,430
	2,000	Sweetwater Creek Cmnty Dev Dist FL Cap Impt Rev, Ser A		5.500		05/01/38		948,480
	3,300	Tisons Landing Cmnty Dev Dist FL Spl Assmt, Ser A (d)		5.625		05/01/37		1,151,898
	4,160	Tolomato Cmnty Dev Dist FL Spl Assmt		6.650		05/01/40		2,789,738
	1,465	Town Ctr at Palm Coast Cmnty Dev Dist FL Cap Impt Rev		6.000		05/01/36		850,227
	2,475	Treeline Presv Cmnty Dev Dist FL Spl Assmt, Ser A		6.800		05/01/39		1,558,062
	3,735	Turnbull Creek Cmnty Dev Dist FL Spl Assmt		5.250		05/01/37		1,936,934
	1,410	Turnbull Creek Cmnty Dev Dist FL Spl Assmt		5.800		05/01/35		861,087
	1,412	University Square Cmnty Dev Dist FL Cap Impt Rev (Acquired 10/07/99 and 09/07/00, Cost $1,998,270) (b)		6.750		05/01/20		1,338,689
	3,135	Village Cmnty Dev Dist No 8, FL Spl Assmt Rev		6.375		05/01/38		2,494,363
	1,940	West Vlgs Impt Dist FL Rev Spl Assmt Unit of Dev No 3		5.500		05/01/37		1,086,866
	2,940	West Vlgs Impt Dist FL Rev West Vlg Imp Dist		5.500		05/01/38		1,637,698
	1,945	Winter Garden Vlg at Fowler Groves Cmnty Dev Dist FL Spl		5.650		05/01/37		1,397,619
	875	World Comm Cmnty Dev Dist, Ser A1		6.250		05/01/22		453,154
	1,630	World Comm Cmnty Dev Dist, Ser A2		6.125		05/01/35		717,722

								139,547,430

See Notes to Financial Statements

Van Kampen Strategic Municipal Income Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity	Value


		Georgia 1.6%
$	1,515	Atlanta, GA Tax Alloc Atlantic Sta Proj (Prerefunded @ 12/01/11)		7.750	%	12/01/14	$	1,720,297
	3,140	Atlanta, GA Tax Alloc Princeton Lakes Proj (Acquired 03/10/06, 04/10/07, 04/11/07 and 04/12/07, Cost $3,182,509) (b)		5.500		01/01/31		2,073,405
	2,225	Atlanta, GA Urban Residential Fin Auth Multi-Family Rev John Eagan Proj, Ser A (AMT)		6.750		07/01/30		1,607,429
	1,000	Effingham Cnty, GA Dev Auth Solfort James Proj (AMT)		5.625		07/01/18		675,100
	3,500	Fulton Cnty, GA Residential Care Sr Lien RHA Asstd Living, Ser A		7.000		07/01/29		2,348,360
	1,000	Private Colleges & Univ Auth GA Mercer Hsg Corp Proj, Ser A		6.000		06/01/21		854,810
	2,930	Renaissance on Peachtree Unit Invt Tr Ctf GA Custody Ctfs (a)		6.000		10/01/25		1,885,543
	2,500	Rockdale Cnty, GA Dev Auth Proj Rev Visy Paper Proj, Ser A (AMT)		6.125		01/01/34		1,631,850
	1,245	Savannah, GA Econ Dev Auth Rev First Mtg Marshes of Skidaway A		6.250		01/01/12		1,161,112
	2,245	Savannah, GA Econ Dev Auth Rev First Mtg Marshes of Skidaway A		6.850		01/01/19		1,898,305

								15,856,211

		Hawaii 0.4%
	2,500	Hawaii St Dept Budget & Fin Spl Purp Rev Kahala Nui Proj, Ser A		8.000		11/15/33		2,272,975
	1,725	Kuakini, HI Hlth Sys Spl Purp Rev, Ser A		6.375		07/01/32		1,405,392

								3,678,367

		Idaho 0.2%
	2,290	Gooding Cnty, ID Indl Dev Corp Solid Waste Disp Rev Intrepid Technology & Res Proj (AMT) (Acquired 11/03/06, Cost $2,290,000) (a) (b) (d)		7.500		11/01/24		125,950
	2,505	Idaho Hlth Fac Auth Rev Rfdg Vly Vista Care Corp (a)		6.125		11/15/37		1,603,876

								1,729,826

		Illinois 9.4%
	4,000	Bolingbrook, IL Sales Tax Rev Bolingbrook		6.250		01/01/24		2,320,400
	2,000	Bolingbrook, IL Spl Svc Area No 1 Spl Tax Forest City Tax Proj		5.900		03/01/27		1,354,280
	1,874	Bolingbrook, IL Spl Svc Area No 3 Spl Tax Lakewood Ridge Proj (Prerefunded @ 3/01/11)		7.050		03/01/31		2,085,575
	910	Bolingbrook, IL Unrefunded Balance Cap Apprec, Ser B (NATL Insd)		*		01/01/29		272,682
	735	Cary, IL Spl Tax Svc Area No 1 Cambridge, Ser A (Prerefunded @ 3/01/10)		7.625		03/01/30		794,439

See Notes to Financial Statements

Van Kampen Strategic Municipal Income Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity	Value


		Illinois (Continued)
$	1,730	Chicago, IL Increment Alloc Rev Diversey Narragansett Proj		7.460	%	02/15/26	$	1,384,346
	50	Chicago, IL Proj Rfdg, Ser A (NATL Insd) (Prerefunded @ 1/01/11)		5.500		01/01/38		54,508
	520	Chicago, IL Tax Increment Alloc Read Dunning, Ser B (ACA Insd)		7.250		01/01/14		519,979
	3,439	Cortland, IL Spl Tax Rev Sheaffer Sys Proj (Acquired 05/02/06, Cost $3,439,000) (b)		5.500		03/01/17		2,089,089
	1,000	Deerfield, IL Ed Fac Chicagoland Jewish High Sch Proj (a)		5.850		05/01/26		742,020
	2,000	Deerfield, IL Ed Fac Chicagoland Jewish High Sch Proj (a)		6.000		05/01/41		1,345,180
	589	Gilberts, IL Spl Svc Area No 9 Spl Tax Big Timber Proj (g)		7.375		03/01/11		636,591
	1,245	Gilberts, IL Spl Svc Area No 9 Spl Tax Big Timber Proj (Prerefunded @ 3/01/11)		7.750		03/01/27		1,424,230
	1,500	Godfrey, IL Rev Utd Methodist Vlg, Ser A (a)		5.875		11/15/29		852,210
	1,270	Hampshire, IL Spl Svc Area No 16 Spl Tax Crown Dev Proj Prairie Ridge Proj, Ser A		6.000		03/01/46		638,950
	2,085	Hampshire, IL Spl Svc Area No 17 Spl Tax Crown Dev Proj Oakstead, Ser A		6.000		03/01/45		1,049,005
	2,730	Hampshire, IL Spl Svc Area No 19 Spl Tax Crown Dev Prairie Ridge East, Ser A		6.000		03/01/46		1,373,490
	2,700	Hoopeston, IL Hosp Cap Impt Rev Hoopeston Cmnty Mem Hosp Impt & Rfdg (a)		6.550		11/15/29		1,875,150
	1,360	Huntley, IL Increment Alloc Rev Huntley Redev Proj, Ser A		8.500		12/01/15		1,359,592
	1,500	Illinois Dev Fin Auth Pollutn Ctl Rev Rfdg Cent IL, Ser C-1 (h)		5.950		08/15/26		1,263,945
	2,000	Illinois Fin Auth Rev Christian Homes Inc Rfdg, Ser A		5.750		05/15/26		1,384,920
	8,000	Illinois Fin Auth Rev Clare at Wtr Tower Proj, Ser A		6.125		05/15/38		3,944,400
	4,500	Illinois Fin Auth Rev Clare Oaks Proj, Ser A		6.000		11/15/39		2,661,255
	1,205	Illinois Fin Auth Rev Cmnty Fac Clinic Altgeld Proj		8.000		11/15/16		1,101,322
	11,790	Illinois Fin Auth Rev Elmhurst Mem, Ser A		5.625		01/01/37		8,469,229
	1,000	Illinois Fin Auth Rev Friendship Vlg Schaumburg A		5.375		02/15/25		645,780
	3,000	Illinois Fin Auth Rev Landing at Plymouth Pl Proj, Ser A		6.000		05/15/37		1,885,290
	3,000	Illinois Fin Auth Rev Luther Oaks Proj, Ser A		6.000		08/15/26		2,090,430
	2,000	Illinois Fin Auth Rev Luther Oaks Proj, Ser A		6.000		08/15/39		1,245,440

See Notes to Financial Statements

Van Kampen Strategic Municipal Income Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity	Value


		Illinois (Continued)
$	1,000	Illinois Fin Auth Rev Montgomery Place Proj		5.500	%	05/15/26	$	663,200
	2,580	Illinois Fin Auth Rev Montgomery Place Proj, Ser A		5.750		05/15/38		1,552,644
	600	Illinois Fin Auth Rev Norwegian Amern Hosp Inc (a)		7.625		09/15/28		485,076
	900	Illinois Fin Auth Rev Norwegian Amern Hosp Inc (a)		7.750		09/15/38		692,631
	2,500	Illinois Fin Auth Rev Rfdg Fairview Oblig Group, Ser A		6.250		08/15/35		1,640,975
	650	Illinois Hlth Fac Auth Rev Loyola Univ Hlth Sys, Ser A (Prerefunded @ 7/01/11)		6.000		07/01/21		709,683
	250	Illinois Hlth Fac Auth Rev Rfdg, Ser A		6.200		08/15/23		185,167
	1,125	Illinois Hlth Fac Auth Rev Rfdg, Ser A		6.400		08/15/33		760,275
	400	Illinois Hlth Fac Auth Rev Silver Cross		5.500		08/15/19		391,172
	8,700	Illinois St Toll Hwy Auth Rev, Ser B (c)		5.500		01/01/33		8,899,317
	80	Lake, Cook, Kane & McHenry Cntys, IL Cmnty Unit Sch Dist No 22 (NATL Insd)		5.750		12/01/19		84,401
	2,161	Manhattan, IL No 04-1 Brookstone Springs Proj		6.100		03/01/35		1,320,954
	974	Minooka, IL Spl Assmt Impt Lakewood Trails Unit 2 Proj		6.375		03/01/34		652,823
	1,170	Montgomery, IL Spl Assmt Impt Lakewood Creek Proj (Prerefunded @ 3/01/11)		7.750		03/01/30		1,297,507
	2,966	Pingree Grove, IL Spl Svc Area No 2 Spl Tax Cambridge Lakes Proj, Ser 05-2		6.000		03/01/35		1,674,159
	2,231	Pingree Grove, IL Spl Svc Area No 7 Spl Tax Cambridge Lakes Proj, Ser 06-1		6.000		03/01/36		1,252,930
	1,600	Pingree Grove Vlg, IL Rev Cambridge Lakes Learning Ctr		6.000		06/01/36		1,055,984
	1,945	Plano, IL Spl Svc Area No 1 Lakewood Springs Proj, Ser A		6.200		03/01/34		1,312,564
	1,815	Plano, IL Spl Svc Area No 6 Spl Tax Lakewood Springs Club Proj		5.800		03/01/37		950,806
	1,370	Quad Cities Reg Econ Dev Auth IL Multi-Family Hsg Heritage Woods Moline Slf Proj (AMT)		6.000		12/01/41		876,827
	2,095	Regional Tran Auth IL, Ser B (AMBAC Insd)		8.000		06/01/17		2,725,658
	905	Sterling, IL Rev Hoosier Care Proj, Ser A (a)		7.125		06/01/34		666,768
	4,000	Upper IL Riv Vy Dev Auth Multi-Family Hsg Rev Living Springs Mchenry Slf Proj (AMT)		6.100		12/01/41		2,599,640
	1,921	Volo Vlg, IL Spl Svc Area No 3 Symphony Meadows Proj, Ser 1		6.000		03/01/36		1,098,044
	3,135	Wheeling, IL Tax Increment Rev N Milwaukee/Lake Cook TIF Proj		6.000		01/01/25		2,373,258

See Notes to Financial Statements

Van Kampen Strategic Municipal Income Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity	Value


		Illinois (Continued)
$	2,500	Will-Kankakee Regl Dev Auth IL Multi-Family Hsg Rev Sr Estates Supportive Living (AMT)		7.000	%	12/01/42	$	1,833,275
	1,405	Yorkville, IL Utd City Business Dist Rev Storm Wtr Impt Proj (a)		6.000		01/01/26		606,637
	385	Yorkville, IL Utd City Business Dist Rev Storm Wtr Impt Proj (a)		6.000		01/01/27		163,575
	5,597	Yorkville, IL Utd City Spl Svc Area Spl Tax No 2004-107 Raintree Vlg IL Proj		6.250		03/01/35		3,670,345
	1,550	Yorkville, IL Utd City Spl Svc Area Spl Tax No 2006-113 Cannonball/Beecher		5.750		03/01/28		834,070
	1,891	Yorkville, IL Utd City Spl Svc Area Spl Tax No 4 104 MPI Grade Res Proj		6.375		03/01/34		1,152,451

								91,046,543

		Indiana 1.4%
	1,820	Indiana Hlth Fac Fin Auth Rev Hoosier Care Proj, Ser A (a)		7.125		06/01/34		1,340,903
	5,500	Indiana Hlth Fac Hosp Rev Cmnty Fndtn Northwest IN, Ser A		6.000		03/01/34		4,577,925
	3,300	Indianapolis, IN Arpt Auth Rev Rfdg Spl Fac Fed Ex Corp Proj (AMT)		5.100		01/15/17		2,914,428
	1,759	Portage, IN Spl Impt Dist Rev Marina Shores Proj (a)		6.375		03/01/35		971,549
	4,000	Vigo Cnty, IN Hosp Auth Rev Union Hosp Inc (f)		5.700		09/01/37		2,600,240
	2,000	Vigo Cnty, IN Hosp Auth Rev Union Hosp Inc (f)		5.750		09/01/42		1,258,600
	500	Vigo Cnty, IN Hosp Auth Rev Union Hosp Inc (f)		5.800		09/01/47		312,900

								13,976,545

		Iowa 1.6%
	600	Altoona, IA Urban Renewal Tax Increment Rev Annual Appropriation		6.000		06/01/28		543,882
	1,500	Altoona, IA Urban Renewal Tax Increment Rev Annual Appropriation		6.000		06/01/39		1,294,935
	1,650	Altoona, IA Urban Renewal Tax Increment Rev Annual Appropriation		6.000		06/01/43		1,414,957
	3,635	Des Moines Iowa Multi-family Hsg Rev Rfdg Luther Pk Apts Inc, Ser A (Acquired 04/05/07, Cost $3,635,000) (b)		5.300		12/01/36		2,175,075
	2,000	Estherville, IA Hosp Rev Avera Holy Family Proj		6.250		07/01/26		2,017,260
	355	Evansdale, IA Hlthcare Westn Home Proj		6.000		11/01/26		246,867
	3,205	Evansdale, IA Hlthcare Westn Home Proj, Ser A		6.000		11/01/26		2,228,757

See Notes to Financial Statements

Van Kampen Strategic Municipal Income Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity	Value


		Iowa (Continued)
$	500	Iowa Fin Auth Retirement Cmnty Friendship Haven Proj, Ser A		5.750	%	11/15/19	$	398,720
	500	Iowa Fin Auth Retirement Cmnty Friendship Haven Proj, Ser A		6.000		11/15/24		371,185
	350	Iowa Fin Auth Sr Hsg Rev Rfdg Bethany Life Cmnty Proj A		5.450		11/01/26		226,622
	1,000	Iowa Fin Auth Sr Hsg Rev Rfdg Bethany Life Cmnty Proj A		5.550		11/01/41		563,840
	1,900	Iowa Fin Auth Sr Living Fac Rev Deerfield Ret Cmnty Inc, Ser A		5.500		11/15/37		1,095,445
	2,300	Jefferson Cnty, IA Hosp Rev Jefferson Cnty Hosp Proj, Ser C		5.950		08/01/37		1,439,156
	1,000	Polk Cnty, IA Hlthcare Fac Rev Luther Pk Hlth Ctr Inc Proj		6.150		10/01/36		645,760
	2,000	Pottawattamie Cnty Iowa Rev Rfdg Christian Homes Inc, Ser E		5.750		05/15/31		1,293,880

								15,956,341

		Kansas 0.3%
	1,000	Olathe, KS Sr Living Fac Rev Catholic Care Campus Inc, Ser A		6.000		11/15/38		650,570
	1,500	Overland Pk, KS Dev Corp Rev First Tier Overland Pk, Ser A (Prerefunded @ 1/01/11)		7.375		01/01/32		1,651,740
	1,570	Overland Pk, KS Trans Dev Dist Spl Assmt Grass Creek Proj		5.125		09/01/28		1,019,385

								3,321,695

		Louisiana 1.4%
	3,548	Lakeshore Vlg Master Cmnty Dev Dist LA Spl Assmt		5.250		07/01/17		2,709,253
	5,850	Louisiana Pub Fac Auth Hosp Rev Rfdg Lake Charles Mem Hosp (f)		6.375		12/01/34		3,930,673
	1,500	Louisiana Pub Fac Auth Rev Progressive Hlthcare (a)		6.375		10/01/20		1,149,705
	1,000	Louisiana Pub Fac Auth Rev Progressive Hlthcare (a)		6.375		10/01/28		699,740
	2,534	Louisiana St Univ & Agric & Mechanical College Univ Rev Master Agreement (Acquired 11/30/98, Cost $2,534,303) (a) (b)		5.750		10/30/18		2,156,692
	3,525	Saint John Baptist Parish LA Rev Marathon Oil Corp, Ser A		5.125		06/01/37		2,469,404

								13,115,467

		Maryland 2.1%
	3,000	Baltimore, MD Spl Oblig Spc Oblig, Ser A		7.000		09/01/38		2,223,930
	4,700	Brunswick, MD Spl Oblg Brunswick Crossing Spl Taxing		5.500		07/01/36		2,678,812

See Notes to Financial Statements

Van Kampen Strategic Municipal Income Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity	Value


		Maryland (Continued)
$	4,000	Frederick Cnty, MD Spl Oblig Urbana Cmnty Dev Auth, Ser A		5.950	%	07/01/30	$	2,549,640
	967	Frederick Cnty, MD Spl Oblig Urbana Cmnty Dev Auth, Ser B		6.250		07/01/30		629,507
	1,140	Maryland St Econ Dev Corp MD Golf Course Sys (Prerefunded @ 6/01/11)		8.250		06/01/28		1,309,814
	1,500	Maryland St Econ Dev Corp Sr Lien Proj Chesapeake Bay, Ser B		5.250		12/01/31		789,750
	1,155	Maryland St Hlth & Higher Ed Fac Auth Rev King Farm Presbyterian Cmnty A		5.250		01/01/27		676,495
	1,750	Maryland St Hlth & Higher Ed Fac Auth Rev King Farm Presbyterian Cmnty A		5.300		01/01/37		918,628
	5,255	Maryland St Hlth & Higher Ed Fac Auth Rev Washington Cnty Hosp		6.000		01/01/43		4,035,998
	1,500	Maryland St Hlth & Higher Edl Fac Auth Rev Washington Christian Academy		5.500		07/01/38		769,635
	3,000	Montgomery Cnty, MD Econ Dev Editorial Proj In Ed, Ser A (Acquired 09/28/98, Cost $3,000,000) (a) (b)		6.400		09/01/28		1,829,580
	1,000	Westminster, MD Econ Dev Carroll Lutheran Vlg, Ser A		6.000		05/01/24		733,520
	1,500	Westminster, MD Econ Dev Carroll Lutheran Vlg, Ser A		6.250		05/01/34		1,001,265

								20,146,574

		Massachusetts 1.7%
	1,000	Massachusetts St Dev Fin Agy Briarwood, Ser B (Prerefunded @ 12/01/10)		8.000		12/01/22		1,123,940
	250	Massachusetts St Dev Fin Agy Rev Evergreen Ctr Inc		5.000		01/01/24		174,647
	500	Massachusetts St Dev Fin Agy Rev Evergreen Ctr Inc		5.500		01/01/35		332,290
	1,820	Massachusetts St Dev Fin Agy Rev Hillcrest Ed Ctr Inc (a)		6.375		07/01/29		1,314,277
	2,815	Massachusetts St Dev Fin Agy Rev Hlthcare Fac Alliance, Ser A		7.100		07/01/32		2,150,575
	1,000	Massachusetts St Dev Fin Agy Rev MCHSP Human Svc Providers, Ser A (Prerefunded @ 7/01/10)		8.000		07/01/20		1,097,720
	3,440	Massachusetts St Dev Fin Agy Rev New England Ctr for Children		6.000		11/01/19		2,757,745
	4,875	Massachusetts St Dev Fin Agy Rev Rfdg First Mtg Reeds Accd Invt (a)		5.750		10/01/31		2,536,950
	780	Massachusetts St Hlth & Ed Fac Auth Rev Nichols College Issue, Ser C		6.000		10/01/17		684,450
	1,000	Massachusetts St Hlth & Ed Fac Auth Rev Northn Berkshire Hlth, Ser B		6.250		07/01/24		745,000

See Notes to Financial Statements

Van Kampen Strategic Municipal Income Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity	Value


		Massachusetts (Continued)
$	415	Massachusetts St Indl Fin Agy Rev First Mtg GF/Pilgrim Inc Proj		6.500	%	10/01/15	$	377,758
	2,000	Massachusetts St Indl Fin Agy Rev First Mtg GF/Pilgrim Inc Proj		6.750		10/01/28		1,458,300
	1,500	Massachusetts St Indl Fin Agy Rev Swr Fac Res Ctl Composting (AMT) (Acquired 08/10/89, Cost $1,500,000) (a) (b)		9.250		06/01/10		1,507,320

								16,260,972

		Michigan 2.4%
	2,500	Chelsea, MI Econ Dev Corp Rev Utd Methodist Retirement Rfdg		5.400		11/15/27		1,907,300
	1,700	Dearborn, MI Econ Dev Corp Rev Rfdg Ltd Oblig Henry Ford Vlg		7.000		11/15/28		1,348,049
	1,800	Dearborn, MI Econ Dev Corp Rev Rfdg Ltd Oblig Henry Ford Vlg		7.125		11/15/43		1,371,384
	2,035	East Lansing MI Econ Dev Corp Ltd Oblig Rev First Mtg Burcham Hills B1		5.250		07/01/37		1,169,087
	1,000	Gaylord, MI Hosp Fin Auth Ltd Oblig Rev Otsego Mem Hosp Rfdg		6.500		01/01/31		729,900
	1,040	Kent Hosp Fin Auth MI Rev Metro Hosp Proj, Ser A		6.250		07/01/40		731,515
	5,610	Michigan St Hosp Fin Auth Rev Henry Ford Hlth Sys Rfdg, Ser A		5.250		11/15/46		4,154,710
	2,000	Michigan St Hosp Fin Auth Rev Presbyterian Vlg Rfdg		5.500		11/15/35		1,173,320
	1,500	Michigan St Hosp Fin Auth Rev Rfdg Presbyterian Vlg		5.250		11/15/25		977,295
	3,060	Michigan St Strategic Fd Ltd Oblig Rev Detroit Edison Co Proj Rfdg, Ser A (Syncora Gtd) (AMT)		5.500		06/01/30		2,553,846
	8,500	Michigan Tob Settlement Fin Auth Tob Settlement Asset Sr, Ser A		6.000		06/01/48		4,800,290
	5,120	Wenonah Pk Ppty Inc Bay City Hotel Rev Bd (a)		7.500		04/01/33		2,469,888

								23,386,584

		Minnesota 5.4%
	2,000	Aitkin, MN Hlth Fac Rev Riverwood Hlthcare Ctr Proj (Prerefunded @ 2/01/11)		7.750		02/01/31		2,249,220
	1,200	Aitkin, MN Hlthcare Fac Rev Rfdg Riverwood Hlthcare Ctr		5.600		02/01/32		795,036
	2,175	Brooklyn Park, MN Lease Rev Prairie Seeds Academy Proj, Ser A		9.250		03/01/39		2,182,373
	1,000	Cambridge, MN Hsg & Hlthcare Fac Rev Grandview West Proj, Ser B		6.000		10/01/33		685,200
	1,895	Carlton, MN Hlth & Hsg Fac Inter Faith Social Svc Inc Proj		7.500		04/01/19		2,037,504

See Notes to Financial Statements

Van Kampen Strategic Municipal Income Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity	Value


		Minnesota (Continued)
$	2,000	Carlton, MN Hlth & Hsg Fac Inter Faith Social Svc Inc Proj (Prerefunded @ 4/01/10)		7.750	%	04/01/29	$	2,174,560
	2,700	Carlton, MN Hlthcare & Hsg Fac Rev Rfdg Inter Faith Care Ctr Proj		5.700		04/01/36		1,668,573
	1,500	Columbia Heights, MN Multi-Family & Hlthcare Fac Rev Rfdg Crest View Corp Proj A		5.700		07/01/42		953,070
	1,000	Cuyuna, MN Sr Hsg Rev Crosby Sr Svcs Proj, Ser B		6.100		10/01/47		664,940
	4,800	Dakota Cnty, MN Cmnty Dev Agy Multi-Family Hsg Rev Highview Hills Sr Hsg Proj, Ser A		7.000		08/01/45		3,607,632
	560	Duluth, MN Econ Dev Auth Hlthcare Fac Rev Saint Luke’s Hosp		6.000		06/15/12		552,026
	1,500	Duluth, MN Econ Dev Auth Hlthcare Fac Rev Saint Luke’s Hosp		7.250		06/15/32		1,207,965
	2,000	Glencoe, MN Hlthcare Fac Rev (Prerefunded @ 4/01/11)		7.500		04/01/31		2,267,580
	3,000	Minneapolis, MN Hsg & Hlthcare Fac Rev Rfdg Providence Proj, Ser A		5.750		10/01/37		1,937,580
	1,400	Minneapolis, MN Student Hsg Rev Riverton Cmnty Hsg Proj, Ser A		5.600		08/01/26		1,032,472
	3,100	Minneapolis, MN Student Hsg Rev Riverton Cmnty Hsg Proj, Ser A		5.700		08/01/40		2,054,339
	1,000	Minneapolis, MN Tax Increment Rev Ivy Tower Proj		5.700		02/01/29		622,650
	3,770	Moorhead, MN Sr Hsg Rev Sheyenne Crossing Proj		5.650		04/01/41		2,382,715
	2,150	New Ulm, MN Econ Dev Auth Hsg Fac Rev Rfdg HADC Ridgeway Proj, Ser A (GTY AGMT)		6.000		06/01/41		1,461,506
	850	Northwest, MN Multi-Cnty Hsg & Redev Auth Govt Hsg Rev Pooled Hsg Prog Rfdg		5.250		07/01/26		577,490
	2,340	Northwest, MN Multi-Cnty Hsg & Redev Auth Govt Hsg Rev Pooled Hsg Prog Rfdg		5.450		07/01/41		1,428,032
	2,500	Northwest, MN Multi-Cnty Hsg & Redev Auth Govt Hsg Rev Pooled Hsg Prog Rfdg, Ser A		6.250		07/01/40		1,734,000
	1,500	Oakdale, MN Rev Sr Hsg Oak Meadows Proj Rfdg		6.250		04/01/34		1,058,205
	1,100	Pine City, MN Lease Rev Lakes Intl Language Academy, Ser A		6.250		05/01/35		781,352
	1,425	Ramsey, MN Lease Rev Pact Charter Sch Proj, Ser A		6.750		12/01/33		1,092,120
	1,500	Saint Cloud, MN Hsg & Redev Auth Sterling Heights Apt Proj (AMT) (a)		7.550		04/01/39		1,200,120
	975	Saint Paul, MN Hsg & Redev Auth Higher Ground Academy Rfdg, Ser A		6.625		12/01/23		815,139

See Notes to Financial Statements

Van Kampen Strategic Municipal Income Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity	Value


		Minnesota (Continued)
$	400	Saint Paul, MN Hsg & Redev Auth Hmong Academy Proj, Ser A		5.750	%	09/01/26	$	290,160
	3,000	Saint Paul, MN Hsg & Redev Auth Hosp Rev Hlth East Proj		6.000		11/15/30		2,212,830
	2,185	Saint Paul, MN Hsg & Redev Auth Lease Rev Hope Cmnty Academy Proj		6.250		12/01/33		1,562,646
	2,000	Saint Paul, MN Hsg & Redev Auth Lse Rev Hmong Academy Proj, Ser A		6.000		09/01/36		1,363,960
	1,000	Saint Paul, MN Hsg & Redev Auth Rfdg Marian Ctr Proj A		5.300		11/01/30		614,490
	3,990	Saint Paul, MN Hsg & Redev Auth Rfdg Marian Ctr Proj A		5.375		05/01/43		2,282,799
	1,000	Saint Paul, MN Hsg & Redev Cmnty of Peace Academy Proj, Ser A (Prerefunded @ 12/01/10)		7.875		12/01/30		1,131,430
	1,250	Saint Paul, MN Port Auth Lease Rev Hltheast Midway Campus 03, Ser A		5.875		05/01/30		909,975
	700	Saint Paul, MN Port Auth Lease Rev Hltheast Midway Campus 03, Ser B		6.000		05/01/30		517,965
	1,000	Vadnais Heights, MN Lease Rev Agric & Food Sciences, Ser A		6.375		12/01/24		765,090
	1,000	Vadnais Heights, MN Lease Rev Agric & Food Sciences, Ser A		6.600		12/01/34		711,680
	1,450	Winona, MN Hlthcare Winona Hlth, Ser A		6.000		07/01/34		1,234,559

								52,820,983

		Mississippi 0.3%
	615	Mississippi Biss Fin Corp Rev Bldg, Ser 2004 (AMT)		7.250		07/01/34		460,574
	1,790	Mississippi Home Corp Rev Grove Apts Proj, Ser 1 (AMT) (a)		6.250		04/01/37		1,186,698
	2,000	Mississippi Home Corp Rev Kirkwood Apts Proj (AMT) (a)		6.800		11/01/37		1,399,120

								3,046,392

		Missouri 3.2%
	1,455	Branson Hills Infrastructure Fac Cmnty Impt Dist MO Spl, Ser A		5.500		04/01/22		1,112,173
	1,500	Branson Hills Infrastructure Fac Cmnty Impt Dist MO Spl, Ser A		5.500		04/01/27		1,036,770
	4,750	Branson, MO Regl Arpt Transn Dev Dist Arpt Rev, Ser B (AMT)		6.000		07/01/37		2,700,612
	1,500	Carthage, MO Hosp Rev		5.875		04/01/30		981,705
	8,500	Carthage, MO Hosp Rev		6.000		04/01/38		5,266,090
	250	Cole Cnty, MO Indl Dev Auth Sr Living Fac Rev Lutheran Sr Svc Heisinger Proj		5.500		02/01/35		181,402
	960	Fenton, MO Tax Increment Rev & Impt Gravois Bluffs Proj Rfdg (Prerefunded @ 10/01/11)		7.000		10/01/21		1,099,997

See Notes to Financial Statements

Van Kampen Strategic Municipal Income Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity	Value


		Missouri (Continued)
$	910	Fenton, MO Tax Increment Rev & Impt Gravois Bluffs Proj Rfdg (Prerefunded @ 10/01/12)		6.125	%	10/01/21	$	1,047,101
	1,000	Ferguson, MO Tax Increment Rev Crossings at Halls Ferry Proj (a)		5.000		04/01/17		838,560
	1,750	Kansas City, MO Indl Dev Auth First Mtg Bishop Spencer, Ser A		6.250		01/01/24		1,288,297
	1,500	Kansas City, MO Indl Dev Auth First Mtg Bishop Spencer, Ser A		6.500		01/01/35		1,030,920
	952	Kansas City, MO Indl Dev Auth Multi-Family Hsg Rev Brentwood Manor Apt Proj, Ser B (AMT) (a)		7.250		10/15/38		741,008
	3,000	Kansas City, MO Indl Dev Plaza Lib Proj		5.900		03/01/24		2,325,060
	1,665	Kansas City, MO Multi-Family Hsg Rev Northwoods Apts Proj, Ser A (AMT) (a)		6.450		05/01/40		1,173,475
	2,220	Nevada, MO Hosp Rev Nevada Regl Med Ctr (Prerefunded @ 10/01/11)		6.750		10/01/22		2,550,958
	2,750	Saint Joseph, MO Indl Dev Auth Hlthcare Rev Living Cmnty Saint Joseph Proj		7.000		08/15/32		2,141,123
	1,270	Saint Louis Cnty, MO Indl Dev Auth Sr Living Fac Rev Saint Andrews Res for Srs, Ser A		6.375		12/01/30		921,042
	1,630	Saint Louis Cnty, MO Indl Dev Auth Sr Living Fac Rev Saint Andrews Res for Srs, Ser A		6.375		12/01/41		1,111,807
	4,615	Saline Cnty, MO Indl Dev Auth Hlth Fac Rev (Acquired 01/12/99, Cost $4,526,310) (b)		6.500		12/01/28		3,468,957

								31,017,057

		Montana 0.2%
	1,000	Montana Fac Fin Auth Rev Sr Living Saint Johns Lutheran, Ser A		6.000		05/15/25		723,370
	2,000	Montana Fac Fin Auth Rev Sr Living Saint Johns Lutheran, Ser A		6.125		05/15/36		1,288,040

								2,011,410

		Nevada 1.1%
	2,400	Director St NV Dept Business & Industry Las Vegas Monorail Proj Second Tier (a) (d)		7.375		01/01/40		191,520
	3,600	Henderson, NV Loc Impt Dist No T 18 (a)		5.300		09/01/35		1,294,740
	970	Las Vegas, NV Loc Impt Bds Spl Impt Dist No 607		6.000		06/01/19		709,031
	2,700	Las Vegas, NV Redev Agy Tax Increment Rev, Ser A		8.000		06/15/30		2,715,363
	5,425	Reno, NV Redev Agy Tax Alloc Sub Lien, Ser C		5.400		06/01/27		3,451,277

See Notes to Financial Statements

Van Kampen Strategic Municipal Income Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity	Value


		Nevada (Continued)
$	1,000	Sparks Nev Loc Impt Dists Ltd Oblig Dist No 3		6.500	%	09/01/20	$	821,010
	2,000	Sparks Nev Loc Impt Dists Ltd Oblig Dist No 3		6.750		09/01/27		1,517,200

								10,700,141

		New Hampshire 0.3%
	1,690	New Hampshire Hlth & Ed Fac Auth Rev Huntington at Nashua, Ser A		6.875		05/01/33		1,436,770
	1,500	New Hampshire Hlth & Ed Fac Speare Mem Hosp		5.875		07/01/34		1,108,425

								2,545,195

		New Jersey 2.2%
	1,200	New Jersey Econ Dev Auth Econ Dev Rev Kullman Assoc Proj, Ser A (AMT) (a)		6.125		06/01/18		917,724
	2,000	New Jersey Econ Dev Auth First Mtg Franciscan Oaks Proj		5.700		10/01/17		1,676,240
	750	New Jersey Econ Dev Auth First Mtg Seashore Gardens Proj		5.300		11/01/26		488,475
	900	New Jersey Econ Dev Auth First Mtg Seashore Gardens Proj		5.375		11/01/36		516,483
	1,000	New Jersey Econ Dev Auth Retirement Cmnty Rev, Ser A (Prerefunded @ 11/15/10)		8.000		11/15/15		1,118,190
	1,440	New Jersey Econ Dev Auth Retirement Cmnty Rev, Ser A (Prerefunded @ 11/15/10)		8.125		11/15/23		1,612,944
	710	New Jersey Econ Dev Auth Rev First Mtg Lions Gate Proj A		5.750		01/01/25		542,355
	1,230	New Jersey Econ Dev Auth Rev First Mtg Lions Gate Proj A		5.875		01/01/37		848,122
	2,000	New Jersey Econ Dev Auth Rev Sr Living Fac Esplanade Bear (AMT) (a)		7.000		06/01/39		1,415,000
	1,500	New Jersey Econ Dev Auth Rev Unrefunded Bal Sr Mtg Arbor, Ser A		6.000		05/15/28		1,036,380
	900	New Jersey Econ Dev Auth Spl Fac Rev Contl Airl Inc Proj (AMT)		6.250		09/15/19		603,675
	4,200	New Jersey Econ Dev Auth Spl Fac Rev Contl Airl Inc Proj (AMT)		6.250		09/15/29		2,389,968
	3,000	New Jersey Econ Dev Auth Utd Methodist Homes NJ Oblig		5.750		07/01/29		2,026,980
	900	New Jersey Hlthcare Fac Fin Auth Rev Avalon at Hillsborough, Ser A (AMT)		6.375		07/01/25		655,425
	575	New Jersey Hlthcare Fac Fin Auth Rev Avalon at Hillsborough, Ser A (AMT)		6.625		07/01/35		388,712
	555	New Jersey Hlthcare Fac Fin Auth Rev Raritan Bay Med Ctr Issue Rfdg (a)		7.250		07/01/14		513,752

See Notes to Financial Statements

Van Kampen Strategic Municipal Income Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity	Value


		New Jersey (Continued)
$	3,390	New Jersey Hlthcare Fac Fin Auth Rev Saint Joseph’s Hlthcare Sys		6.625	%	07/01/38	$	2,458,021
	3,000	New Jersey Hlthcare Fac Fin Inst Inc Cherry Hill Proj		8.000		07/01/27		2,326,740

								21,535,186

		New Mexico 0.4%
	1,505	Cabezon Pub Impt Dist NM Spl Leverage Rev		6.000		09/01/24		1,058,948
	960	New Mexico Hsg Auth Region lll Sr Brentwood Gardens Apt, Ser A (AMT) (a)		6.850		12/01/31		751,939
	2,000	New Mexico St Hosp Equip Ln Council Hosp Rev Rehoboth Proj Rfdg, Ser A		5.250		08/15/26		1,233,940
	750	Ventana West Pub Impt Dist NM		6.875		08/01/33		524,693

								3,569,520

		New York 5.0%
	1,400	Brookhaven, NY Indl Dev Agy Sr Residential Hsg Rev Woodcrest Estates Fac, Ser A (AMT)		6.375		12/01/37		1,015,420
	3,180	Dutchess Cnty, NY Indl Dev Agy Saint Francis Hosp Rfdg, Ser A		7.500		03/01/29		2,822,822
	1,530	Monroe Cnty, NY Indl Dev Agy Woodland Vlg Proj (Prerefunded @ 11/15/10)		8.000		11/15/15		1,681,287
	3,900	Nassau Cnty, NY Indl Dev Agy Continuing Care Retirement Amsterdam at Harborside, Ser A		6.700		01/01/43		2,971,527
	15,780	New York City Indl Dev Agy Rev Liberty 7 World Trade Ctr, Ser A		6.250		03/01/15		13,241,945
	5,000	New York City Indl Dev Agy Rev Liberty 7 World Trade Ctr, Ser A		6.500		03/01/35		3,420,950
	3,000	New York City, NY Indl Dev Agy Civic Fac Rev Polytechnic Univ Proj (ACA Insd)		5.250		11/01/37		2,227,590
	2,500	New York St Energy Resh & Dev Reg Ribs (k)		11.564		04/01/20		2,538,575
	6,000	New York St Environmental Fac Corp St Clean Wtr & Drinking, Ser A (c) (i)		5.000		06/15/34		5,856,810
	4,095	Port Auth NY & NJ Cons 144th (c)		5.000		10/01/35		4,047,641
	1,000	Suffolk Cnty, NY Indl Dev Agy Civic Fac Rev Gurwin Jewish Phase II		6.700		05/01/39		693,410
	1,380	Suffolk Cnty, NY Indl Dev Agy Cont Care Retirement Peconic Landing, Ser A		8.000		10/01/20		1,318,838
	4,000	Suffolk Cnty, NY Indl Dev Agy Medford Hamlet Asstd Living Proj (AMT)		6.375		01/01/39		2,543,000
	1,000	Syracuse, NY Indl Dev Agy Rev First Mtg Jewish Home, Ser A		7.375		03/01/31		796,660
	2,315	Utica, NY Indl Dev Agy Civic Utica College Civic Fac		6.750		12/01/21		2,071,624

See Notes to Financial Statements

Van Kampen Strategic Municipal Income Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity	Value


		New York (Continued)
$	1,000	Westchester Cnty, NY Indl Dev Hebrew Hosp Sr Hsg Inc, Ser A (Prerefunded @ 7/01/10)		7.375	%	07/01/30	$	1,099,460

								48,347,559


		North Carolina 0.3%
	2,145	North Carolina Med Care Commn Hlthcare Fac Rev Pennybyrn at Maryfield, Ser A		6.125		10/01/35		1,367,545
	2,895	North Carolina Med Care Commn Retirement Fac Rev First Mtg Vlg at Brookwood Rfdg		5.250		01/01/32		1,665,406

								3,032,951

		North Dakota 0.1%
	1,820	Traill Cnty, ND Hlthcare Rev Hillsboro Med Ctr		5.500		05/01/42		1,030,630


		Ohio 4.7%
	7,200	Adams Cnty Hosp Fac Impt Rev Adams Cnty Hosp Proj (a)		6.500		09/01/36		4,580,064
	5,000	Athens Cnty, OH Hosp Fac Rev Impt O’Bleness Mem Rfdg, Ser A		7.125		11/15/33		3,694,250
	6,260	Buckeye, OH Tob Settlement Fin Auth Asset Bkd Sr Turbo, Ser A-2		5.125		06/01/24		4,485,353
	1,000	Buckeye, OH Tob Settlement Fin Auth Asset Bkd Sr Turbo, Ser A-2		5.750		06/01/34		572,980
	14,000	Buckeye, OH Tob Settlement Fin Auth Asset Bkd Sr Turbo, Ser A-2		5.875		06/01/30		8,529,780
	15,000	Buckeye, OH Tob Settlement Fin Auth Asset Bkd Sr Turbo, Ser A-2		5.875		06/01/47		8,006,400
	2,810	Cleveland-Cuyahoga Cnty, OH Spl Assmt/Tax Increment		7.000		12/01/18		2,683,634
	2,000	Cuyahoga Cnty, OH Hlthcare & Indpt Living Fac Rev Eliza Jennings Sr Care, Ser A		6.000		05/15/37		1,238,060
	1,000	Cuyahoga Cnty, OH Hlthcare Fac Franciscan Cnty OH Inc Proj, Ser C		6.250		05/15/32		678,940
	1,760	Dayton, OH Spl Fac Rev Air Fght Cargo Day LLC Proj (AMT)		6.300		04/01/22		1,337,547
	5,955	Franklin Cnty, OH Hlthcare Fac Rev Impt Lutheran Sr City Proj Rfdg		6.125		12/15/28		3,974,367
	1,500	Lucas Cnty, OH Hlthcare & Impt Sunset Retirement Rfdg		6.500		08/15/20		1,485,030
	4,340	Norwood, OH Tax Increment Rev Fin Cornerstone at Norwood (a)		6.200		12/01/31		2,803,683
	2,000	Ohio St Higher Edl Fac Commn Rev Univ Hosp Hlth Sys-2009A		6.750		01/15/39		1,988,280

								46,058,368

See Notes to Financial Statements

Van Kampen Strategic Municipal Income Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity	Value


		Oklahoma 0.6%
$	1,000	Citizen Potawatomi Nation, OK, Ser A		6.500	%	09/01/16	$	940,840
	225	Langston, OK Econ Dev Langston Cmnty Dev Corp Proj, Ser A (g)		7.000		08/01/10		234,927
	4,500	Oklahoma Cnty, OK Fin Auth Rev Retirement Fac Concordia, Ser A		6.000		11/15/38		2,823,615
	1,065	Oklahoma Dev Fin Auth Rev Hillcrest Hlthcare Sys Rfdg, Ser A (Prerefunded @ 8/15/09)		5.750		08/15/12		1,094,767
	1,000	Oklahoma Dev Fin Auth Rev Hillcrest Hlthcare Sys Rfdg, Ser A (Prerefunded @ 8/15/09)		5.750		08/15/15		1,027,950

								6,122,099

		Oregon 0.9%
	2,145	Clatsop Care Ctr Hlth Dist OR Rev Sr Hsg (a)		6.875		08/01/28		1,616,236
	1,500	Gilliam Cnty, OR Solid Waste Disp Rev Waste Mgmt Proj Conv (AMT)		5.250		07/01/29		1,145,385
	2,400	Multnomah Cnty, OR Hosp Fac Auth Rev Terwilliger Plaza Proj Rfdg (Acquired 12/27/05, Cost $2,344,512) (b)		6.500		12/01/29		1,725,408
	4,788	Oregon St Hlth Hsg Ed & Cultural Fac Auth Saint Anthony Vlg Hsg, Ser A (AMT) (a)		7.250		06/01/28		3,878,066
	890	Oregon St Hlth Hsg Ed Auth OR Baptist Retirement Homes, Ser A		8.000		11/15/26		790,863

								9,155,958

		Pennsylvania 5.4%
	14,000	Allegheny Cnty, PA Hosp Dev Auth Rev Hlth Sys West PA, Ser A		5.375		11/15/40		7,598,920
	1,500	Allegheny Cnty, PA Redev Auth Pittsburgh Mills Proj		5.600		07/01/23		1,100,040
	1,500	Berks Cnty, PA Indl Dev Auth First Mtg Rev Rfdg One Douglassville Proj A (AMT)		6.125		11/01/34		1,028,685
	1,250	Bucks Cnty, PA Indl Dev Auth Retirement Cmnty Fac Rev Ann’s Choice Inc, Ser A		6.250		01/01/35		835,087
	1,500	Bucks Cnty, PA Indl Dev Auth Retirement Cmnty Rev Ann’s Choice Inc Fac, Ser A		6.125		01/01/25		1,082,190
	1,000	Bucks Cnty, PA Indl Dev Auth Rev First Mtg Hlthcare Fac Chandler		6.200		05/01/19		819,550
	1,800	Bucks Cnty, PA Indl Dev Auth Rev First Mtg Hlthcare Fac Chandler		6.300		05/01/29		1,263,402
	3,000	Dauphin Cnty, PA Gen Auth Rev Office & Pkg Riverfront Office		6.000		01/01/25		2,032,890
	1,000	Fulton Cnty, PA Indl Dev Auth Hosp Rev Fulton Cnty Med Ctr Proj		5.875		07/01/31		647,610
	1,900	Fulton Cnty, PA Indl Dev Auth Hosp Rev Fulton Cnty Med Ctr Proj		5.900		07/01/40		1,164,092
	230	Harrisburg, PA Auth Univ Rev Harrisburg Univ of Science, Ser A		5.400		09/01/16		217,154

See Notes to Financial Statements

Van Kampen Strategic Municipal Income Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity	Value


		Pennsylvania (Continued)
$	2,050	Harrisburg, PA Auth Univ Rev Harrisburg Univ of Science, Ser B		6.000	%	09/01/36	$	1,509,251
	2,200	Indiana Cnty, PA Indl Dev Auth PSEG Pwr LLC Proj Rfdg (AMT)		5.850		06/01/27		1,859,110
	1,000	Lancaster Cnty, PA Hosp Auth Rev Hlth Ctr Saint Anne’s Home		6.625		04/01/28		757,400
	1,200	Lehigh Cnty, PA Gen Purp Auth First Mtg Bible Fellowship Church (a)		7.625		11/01/21		1,080,408
	2,755	Lehigh Cnty, PA Gen Purp Auth Rev Good Shepherd Grp, Ser A		5.500		11/01/24		2,612,649
	3,585	Lehigh Cnty, PA Gen Purp Auth Rev Kidspeace Oblig Grp (a)		6.200		11/01/14		3,284,613
	5,500	Lehigh Cnty, PA Gen Purp Auth Rev Kidspeace Oblig Grp Rfdg (a)		6.000		11/01/23		3,008,445
	1,000	Lehigh Cnty, PA Indl Dev Auth Hlth Fac Rev Lifepath Inc Proj		6.100		06/01/18		796,620
	4,180	Montgomery Cnty, PA Higher Ed & Hlth Auth Rev Rfdg & Impt Montgomery		6.875		04/01/36		3,052,403
	1,085	Montgomery Cnty, PA Indl Dev Auth Rev Mtg Whitemarsh Cont Care Proj		6.000		02/01/21		792,723
	4,500	Montgomery Cnty, PA Indl Dev Auth Rev Mtg Whitemarsh Cont Care Proj		6.250		02/01/35		2,724,750
	1,315	Northeastern, PA Hosp & Ed Auth Hlthcare Rev (a)		7.125		10/01/29		1,026,831
	1,635	Northeastern, PA Hosp & Ed Auth Hlthcare Rev Oakwood Ter Proj (a) (f)		6.500		10/01/32		1,138,647
	3,750	Pennsylvania Econ Dev Fin Auth Exempt Fac Rev Reliant Energy, Ser B (AMT)		6.750		12/01/36		3,188,138
	3,000	Pennsylvania Econ Dev Fin Auth Reliant Energy Seward, Ser A (AMT)		6.750		12/01/36		2,550,510
	980	Pennsylvania St Higher Ed Student Assn Inc Proj, Ser A		6.750		09/01/32		802,640
	2,150	Philadelphia, PA Auth for Indl Dev Rev Coml Dev Rfdg (AMT)		7.750		12/01/17		1,829,779
	1,195	Philadelphia, PA Hosp & Higher Ed Fac Auth Rev Centralized Comp Human Svc, Ser A (a)		6.125		01/01/13		1,089,374
	1,500	Westmoreland Cnty, PA Indl Dev Hlthcare Fac Redstone, Ser B (Prerefunded @ 11/15/10)		8.000		11/15/23		1,663,320

								52,557,231

See Notes to Financial Statements

Van Kampen Strategic Municipal Income Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity	Value


		Rhode Island 0.4%
$	1,825	Rhode Island St Econ Dev Corp Rev Oblig Providence Pl		7.250	%	07/01/20	$	1,547,764
	2,915	Tobacco Settlement Fin Corp RI Asset Bkd, Ser A		6.000		06/01/23		2,613,852

								4,161,616

		South Carolina 1.0%
	2,465	Lancaster Cnty, SC Assmt Rev Edenmoor Impt Dist, Ser B (Acquired 05/19/06, Cost $2,465,000) (b)		5.750		12/01/37		1,247,389
	1,675	Lancaster Cnty, SC Assmt Rev Sun City Carolina Lakes Impt		5.450		12/01/37		940,228
	1,000	Myrtle Beach, SC Tax Increment Myrtle Beach Air Force Base, Ser A		5.250		11/01/26		621,270
	1,250	Myrtle Beach, SC Tax Increment Myrtle Beach Air Force Base, Ser A		5.300		11/01/35		692,875
	3,000	South Carolina Jobs Econ Dev Auth Econ Dev Rev Westminster Impt & Rfdg		5.375		11/15/30		1,904,400
	2,250	South Carolina Jobs Econ Dev Auth Hlth Fac Rev First Mtg Wesley Commons Rfdg		5.300		10/01/36		1,265,152
	800	South Carolina Jobs Econ Dev Auth Rev Woodlands at Furman Proj, Ser A		6.000		11/15/27		550,920
	2,000	South Carolina Jobs Econ Dev Auth Rev Woodlands at Furman Proj, Ser A		6.000		11/15/37		1,235,600
	1,000	South Carolina Jobs Econ Dev Episcopal Home Still Proj, Ser A		6.000		05/15/17		837,990

								9,295,824

		South Dakota 0.2%
	1,010	Keystone, SD Econ Dev Rev Wtr Quality Mgmt Corp A (Mun Govt Gtd.) (AMT)		6.000		12/15/18		782,457
	1,750	Sioux Falls, SD Hlth Fac Rev Rfdg Dow Rummel Vlg Proj		5.000		11/15/33		958,405

								1,740,862

		Tennessee 1.7%
	1,000	Johnson City, TN Hlth & Ed Fac Brd Hosp Rev First Mtg Mtn St Hlth Rfdg, Ser A (Prerefunded @ 7/01/12)		7.500		07/01/33		1,143,240
	2,230	Memphis, TN Hlth Ed & Hsg Fac Brd Multi-Family Hsg Rev Hilldale Apts Proj (AMT)		6.700		11/01/37		1,589,120
	1,750	Shelby Cnty, TN Hlth & Ed Germantown Vlg, Ser A		7.000		12/01/23		1,419,617
	2,500	Shelby Cnty, TN Hlth & Ed Germantown Vlg, Ser A		7.250		12/01/34		1,843,250
	1,000	Shelby Cnty, TN Hlth Ed & Hsg Fac Brd Rev Trezevant Manor Proj, Ser A		5.625		09/01/26		685,100

See Notes to Financial Statements

Van Kampen Strategic Municipal Income Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity	Value


		Tennessee (Continued)
$	2,000	Shelby Cnty, TN Hlth Ed & Hsg Fac Brd Rev Trezevant Manor Proj, Ser A		5.750	%	09/01/37	$	1,246,400
	800	Shelby Cnty, TN Hlth Ed Hsg Vlg at Germantown		6.250		12/01/34		516,936
	2,100	Sullivan Cnty, TN Hlth Ed & Hsg Fac Brd Hosp Rev Wellmont Hlth Sys Proj, Ser C		5.250		09/01/36		1,237,404
	4,460	Sullivan Cnty, TN Hlth Ed & Hsg First Mtg Fac Brd Rev Inc Proj (a)		8.410		11/01/19		4,365,136
	2,390	Trenton, TN Hlth & Ed Fac Brd Rev Inc Proj, Ser A (Acquired 06/08/89, Cost $2,390,000) (a) (b)		10.000		11/01/19		1,948,926
	1,160	Trenton, TN Hlth & Ed Fac Brd Rev Inc Proj, Ser B (Acquired 06/08/89, Cost $1,160,000) (a) (b) (d)		10.000		11/01/20		12

								15,995,141

		Texas 4.8%
	2,700	Abia Dev Corp TX Arpt Fac Rev Austin Belly Port Dev LLC Proj, Ser A (AMT)		6.500		10/01/23		2,068,470
	2,000	Angelina & Neches Riv Auth TX Indl Dev Corp Environmental Aspen Pwr LLC Proj, Ser A (AMT)		6.500		11/01/29		1,224,120
	1,000	Atlanta, TX Hosp Auth Fac Rev		6.700		08/01/19		892,880
	2,035	Atlanta, TX Hosp Auth Fac Rev		6.750		08/01/29		1,536,282
	985	Austin-Bergstorm Landhost Enterprises Inc TX Arpt Hotel Sr, Ser A		6.750		04/01/27		620,964
	940	Bexar Cnty, TX Hsg Fin Corp Multi-Family Hsg Rev Woodland Ridge Apt Proj, Ser A (AMT) (a)		7.000		01/01/39		709,174
	1,825	Dallas Cnty, TX Flood Ctl Dist No 1 Cap Apprec Rfdg (Acquired 08/28/89, Cost $660,829) (b)		*		08/01/11		1,580,340
	3,445	Dallas Cnty, TX Flood Ctl Dist No 1 Rfdg		7.250		04/01/32		2,910,095
	2,500	Decatur, TX Hosp Auth Hosp Wise Regl Hlth Sys, Ser A		7.000		09/01/25		1,993,050
	3,500	Decatur, TX Hosp Auth Hosp Wise Regl Hlth Sys, Ser A		7.125		09/01/34		2,640,330
	1,500	Grand Prairie, TX Hsg Fin Corp Indpt Sr Living Ctr Rev (a) (e)		7.500/3.750		07/01/17		1,235,160
	3,000	Grand Prairie, TX Hsg Fin Corp Indpt Sr Living Ctr Rev (a) (e)		7.750/3.100		01/01/34		2,091,390
	3,605	HFDC Cent TX Inc Retirement Fac Rev Vlg at Gleannloch Farms, Ser A		5.500		02/15/37		2,172,012
	420	Houston, TX Arpt Sys Rev Spl Fac Contl, Ser E (AMT)		6.750		07/01/21		284,999
	4,185	Houston, TX Arpt Sys Rev Spl Fac Contl, Ser E (AMT)		6.750		07/01/29		2,565,405

See Notes to Financial Statements

Van Kampen Strategic Municipal Income Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity	Value


		Texas (Continued)
$	40	Lower Colorado Riv Auth TX Rev Rfdg, Ser A (FSA Insd) (Prerefunded @ 5/15/09)		5.875	%	05/14/14	$	40,669
	20	Lower Colorado Riv Auth TX Rev Rfdg, Ser A (FSA Insd) (Prerefunded @ 5/15/09)		5.875		05/15/15		20,335
	1,000	Lubbock, TX Hlth Fac Dev Corp Rev Dev Rfdg First Mtg Carillon Proj A		6.500		07/01/26		734,620
	5,000	Lubbock, TX Hlth Fac Dev Corp Rev Dev Rfdg First Mtg Carillon Proj A		6.625		07/01/36		3,453,500
	2,500	Lufkin, TX Hlth Fac Dev Corp Hlth Sys Rev Mem Hlth Sys East TX		5.500		02/15/37		1,626,275
	2,195	Meadow Parc Dev Inc TX Multi-Family Rev Hsg Meadow Parc Apt Proj		6.500		12/01/30		1,607,618
	2,500	Metropolitan Hlth Fac Dev Corp TX Wilson N Jones Mem Hosp Proj		7.250		01/01/31		1,945,725
	1,500	Midlothian, TX Dev Auth Tax Increment Contract Rev (Acquired 12/02/04, Cost $1,150,000) (b)		6.200		11/15/29		1,147,305
	2,000	Midlothian, TX Dev Auth Tax Increment Contract Rev (Prerefunded @ 5/15/11)		7.875		11/15/26		2,311,180
	1,000	Richardson, TX Hosp Auth Rev Baylor & Richardson Impt Rfdg		5.625		12/01/28		722,570
	750	Texas St Dept Hsg & Cmnty Affairs Home Mtg Rev (GNMA Collateralized) (AMT)		6.900		07/02/24		772,560
	1,675	Texas St Pub Fin Auth Sch Excellence Ed Proj, Ser A (Acquired 12/02/04, Cost $1,654,197) (b)		7.000		12/01/34		1,280,387
	1,500	Texas St Student Hsg Corp MSU Proj Midwestern St Univ (Prerefunded @ 9/01/12)		6.500		09/01/34		1,729,545
	2,950	Tomball, TX Hosp Auth Rev Hosp Tomball Regl Hosp		6.000		07/01/29		2,220,907
	880	Wichita Cnty, TX Hlth Fac Rolling Meadows Fac Rfdg, Ser A		6.250		01/01/28		631,321
	2,500	Woodhill Pub Fac Corp TX Hsg-Woodhill Apt Proj (a)		7.500		12/01/29		2,100,550

								46,869,738

		Utah 0.2%
	1,000	Hildale, UT Elec Rev Gas Turbine Elec Fac Proj (a) (d)		7.800		09/01/15		237,500
	585	Hildale, UT Elec Rev Gas Turbine Elec Fac Proj (a) (d)		7.800		09/01/25		138,937

See Notes to Financial Statements

Van Kampen Strategic Municipal Income Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity	Value


		Utah (Continued)
$	1,165	Hildale, UT Elec Rev Gas Turbine Elec Fac Proj (a) (d)		8.000	%	09/01/20	$	276,687
	2,275	Utah St Hsg Fin Agy Rev RHA Cmnty Svc Proj, Ser A (a)		6.875		07/01/27		1,690,189

								2,343,313

		Vermont 0.3%
	2,750	Vermont Econ Dev Auth Mtg Rev Wake Robin Corp Proj, Ser A		5.375		05/01/36		1,566,290
	1,000	Vermont Ed & Hlth Bldg Fin Agy Rev Bennington College Proj		6.625		10/01/29		755,300
	215	Vermont Ed & Hlth Bldg Fin Agy Rev VT Council Dev Mental Hlth, Ser A		6.000		12/15/09		216,092

								2,537,682

		Virginia 1.7%
	4,000	Albemarle Cnty, VA Indl Dev Auth Ed Fac Rev Covenant Sch Inc, Ser A		7.750		07/15/32		3,501,200
	5,000	Celebrate, VA South Cmnty Dev Celebrate VA South Proj		6.250		03/01/37		3,154,100
	2,500	Farms New Kent, VA Cmnty Dev, Ser B		5.450		03/01/36		1,388,225
	2,500	Farms New Kent, VA Cmnty Dev, Ser C		5.800		03/01/36		1,438,575
	1,000	New Port Cmnty Dev Auth VA Spl Assmt		5.500		09/01/26		566,000
	2,500	New Port Cmnty Dev Auth VA Spl Assmt		5.600		09/01/36		1,264,800
	4,000	Peninsula Ports Auth VA Rfdg Residential Care Fac Rev VA Baptist Homes, Ser C		5.400		12/01/33		2,406,360
	1,500	Peninsula Town Ctr Cmnty Dev Auth VA Spl Oblig		6.350		09/01/28		987,990
	1,250	Peninsula Town Ctr Cmnty Dev Auth VA Spl Oblig		6.450		09/01/37		781,175
	4,000	Roanoke Cnty, VA Indl Dev Auth Glebe Inc, Ser A (a) (d)		6.300		07/01/35		840,800

								16,329,225

		Washington 2.5%
	2,000	Kalispel Tribe Indians Priority Dist WA Rev		6.750		01/01/38		1,419,340
	1,000	King Cnty, WA Pub Hosp Dist No 004 Snoqualmie Vly Hosp (a)		7.250		12/01/15		952,030
	4,050	Port Seattle, WA Spl Fac Rev Northwest Airlines Proj (AMT)		7.250		04/01/30		2,643,273
	8,830	Tobacco Settlement Auth WA Tob Settlement Rev		6.625		06/01/32		6,255,084
	4,500	Washington St Hlth Care Fac Auth Rev Seattle Cancer Care Alliance		7.375		03/01/38		4,630,140
	7,225	Washington St Hsg Fin Commn Nonprofit Rev Custodial Rcpts Wesley Homes, Ser A (Acquired 05/07/08, Cost $7,225,000) (a) (b)		6.200		01/01/36		5,066,820
	1,000	Washington St Hsg Fin Commn Nonprofit Rev Skyline at First Hill Proj, Ser A		5.625		01/01/27		660,280

See Notes to Financial Statements

Van Kampen Strategic Municipal Income Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity	Value


		Washington (Continued)
$	4,000	Washington St Hsg Fin Commn Nonprofit Rev Skyline at First Hill Proj, Ser A		5.625	%	01/01/38	$	2,357,560

								23,984,527

		West Virginia 0.7%
	1,000	Harrison Cnty, WV Cnty Commn Solid Waste Disp Rev Allegheny Energy Rfdg, Ser D (AMT)		5.500		10/15/37		735,180
	6,500	West Virginia St Hosp Fin Auth Hosp Rev Thomas Health Sys		6.500		10/01/38		4,981,340
	1,500	West Virginia St Hosp Fin Auth Hosp Rev Thomas Hlth Sys		6.000		10/01/20		1,305,150

								7,021,670

		Wisconsin 1.0%
	800	Baldwin, WI Hosp Rev Mtg, Ser A		6.125		12/01/18		662,704
	1,000	Baldwin, WI Hosp Rev Mtg, Ser A		6.375		12/01/28		714,650
	1,685	Milwaukee, WI Rev Sr Air Cargo (AMT)		6.500		01/01/25		1,305,471
	1,000	Waukesha, WI Redev Auth Hsg Rfdg Sr Kirkland Crossings Proj		5.500		07/01/31		715,790
	1,500	Waukesha, WI Redev Auth Hsg Sr Kirkland Crossings Proj Rfdg		5.600		07/01/41		1,014,075
	750	Wisconsin Hlth & Ed Fac Eastcastle Pl Inc Proj		6.000		12/01/24		544,155
	1,000	Wisconsin St Hlth & Ed Fac Auth Rev Oakwood Vlg Proj, Ser A		7.625		08/15/30		955,370
	1,000	Wisconsin St Hlth & Ed Fac Divine Savior Hlthcare, Ser C (Prerefunded @ 5/01/12)		7.500		05/01/32		1,173,980
	2,000	Wisconsin St Hlth & Ed Fac Fort Hlthcare Inc Proj		6.100		05/01/34		1,615,840
	1,500	Wisconsin St Hlth & Ed Fac Southwest Hlth Ctr, Ser A		6.125		04/01/24		1,196,820

								9,898,855

		Wyoming 0.4%
	3,000	Sweetwater Cnty, WY Solid Waste Disp Rev FMC Corp Proj Rfdg (AMT)		5.600		12/01/35		2,212,050
	1,500	Teton Cnty, WY Hosp Dist Hosp Saint Johns Med Ctr		6.750		12/01/27		1,143,900

								3,355,950

		Puerto Rico 0.0%
	75	Puerto Rico Pub Bldgs Auth Rev Govt Fac, Ser I (Comwth Gtd) (Prerefunded @ 7/01/14)		5.250		07/01/33		84,633

See Notes to Financial Statements

Van Kampen Strategic Municipal Income Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity	Value


		U.S. Virgin Islands 0.1%
$	1,000	Virgin Islands Pub Fin Auth Refinery Fac Rev Sr Sec Hovensa Refinery (AMT)		5.875	%	07/01/22	$	696,850


Total Long-Term Investments 101.0% (Cost $1,356,759,785)								980,637,010

Total Short-Term Investments 0.1% (Cost $800,000)								800,000


Total Investments 101.1% (Cost $1,357,559,785)								981,437,010

Liability for Floating Rate Note Obligations Related to Securities Held (3.7%) (Cost ($35,705,000)) (35,705) Notes with interest rates ranging from 0.39% to 0.96% at March 31, 2009 and contractual maturities of collateral ranging from 2024 to 2045 (j) (See Note 1)							$	(35,705,000	)


Total Net Investments 97.4% (Cost $1,321,854,785)								945,732,010

Other Assets in Excess of Liabilities 2.6%								25,330,410


Net Assets 100.0%							$	971,062,420

Percentages are calculated as a percentage of net assets.


*		Zero coupon bond

(a)		Security has been deemed illiquid.

(b)		Security is restricted and may be resold only in transactions exempt from registration which are normally those transactions with qualified institutional buyers. Restricted securities comprise 4.4% of net assets.

(c)		Underlying security related to Inverse Floaters entered into by the Fund. See Note 1.

(d)		Non-income producing security.

(e)		Interest is accruing at less than the stated coupon. Coupon is shown as stated coupon/actual coupon.

(f)		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.

(g)		Escrowed to Maturity

(h)		Variable Rate Coupon

See Notes to Financial Statements

Van Kampen Strategic Municipal Income Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


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

(j)		Floating rate notes. The interest rates shown reflect the rates in the effect at March 31, 2009.

(k)		Inverse floating rate

ACA—American Capital Access

AGL—Assured Guaranty Ltd.

AMBAC—AMBAC Indemnity Corp.

AMT—Alternative Minimum Tax

BHAC—Berkshire Hathaway Assurance Corp.

Comwth—Commonwealth of Puerto Rico

FSA—Financial Security Assurance Inc.

GNMA—Government National Mortgage Association

GTY AGMT—Guarantee Agreement

Mun Govt Gtd—Municipal Government Guaranteed

NATL—National Public Finance Guarantee Corp.

Syncora Gtd—Syncora Guarantee Inc.

See Notes to Financial Statements

Van Kampen Strategic Municipal Income Fund

Financial Statements

Statement of Assets and Liabilities

March 31, 2009 (Unaudited)


Assets:
Total Investments (Cost $1,357,559,785)	$	981,437,010
Cash		3,034,868
Receivables:
Interest		24,716,985
Investments Sold		10,678,417
Fund Shares Sold		976,872
Other		174,239

Total Assets		1,021,018,391

Liabilities:
Payables:
Floating Rate Note Obligations		35,705,000
Investments Purchased		7,567,680
Fund Shares Repurchased		4,170,520
Income Distributions		1,198,814
Distributor and Affiliates		394,518
Investment Advisory Fee		393,842
Trustees’ Deferred Compensation and Retirement Plans		246,014
Accrued Expenses		279,583

Total Liabilities		49,955,971

Net Assets	$	971,062,420

Net Assets Consist of:
Capital (Par value of $0.01 per share with an unlimited number of shares authorized)	$	1,547,839,018
Accumulated Undistributed Net Investment Income		3,000,784
Accumulated Net Realized Loss		(203,654,607	)
Net Unrealized Depreciation		(376,122,775	)

Net Assets	$	971,062,420

Maximum Offering Price Per Share:
Class A Shares:
Net asset value and redemption price per share (Based on net assets of $799,730,346 and 90,139,090 shares of beneficial interest issued and outstanding)	$	8.87
Maximum sales charge (4.75%* of offering price)		0.44

Maximum offering price to public	$	9.31

Class B Shares:
Net asset value and offering price per share (Based on net assets of $52,421,682 and 5,911,156 shares of beneficial interest issued and outstanding)	$	8.87

Class C Shares:
Net asset value and offering price per share (Based on net assets of $118,859,127 and 13,278,209 shares of beneficial interest issued and outstanding)	$	8.95

Class I Shares:
Net asset value and offering price per share (Based on net assets of $51,265 and 5,776 shares of beneficial interest issued and outstanding)	$	8.88


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

See Notes to Financial Statements

Van Kampen Strategic Municipal Income Fund
Financial Statements continued

Statement of Operations

For the Six Months Ended March 31, 2009 (Unaudited)


Investment Income:
Interest	$	43,946,970

Expenses:
Investment Advisory Fee		2,418,833
Distribution (12b-1) and Service Fees
Class A		1,043,326
Class B		279,064
Class C		632,505
Interest and Residual Trust Expenses		667,717
Transfer Agent Fees		308,634
Accounting and Administrative Expenses		145,740
Professional Fees		85,578
Custody		72,591
Reports to Shareholders		60,374
Registration Fees		54,155
Trustees’ Fees and Related Expenses		25,755
Other		26,864

Total Expenses		5,821,136
Less Credits Earned on Cash Balances		4,376

Net Expenses		5,816,760

Net Investment Income	$	38,130,210

Realized and Unrealized Gain/Loss:
Net Realized Loss	$	(66,235,565	)

Unrealized Appreciation/Depreciation:
Beginning of the Period		(205,904,709	)
End of the Period		(376,122,775	)

Net Unrealized Depreciation During the Period		(170,218,066	)

Net Realized and Unrealized Loss	$	(236,453,631	)

Net Decrease in Net Assets From Operations	$	(198,323,421	)

See Notes to Financial Statements

Van Kampen Strategic Municipal Income Fund
Financial Statements continued

Statements of Changes in Net Assets (Unaudited)


	For The			For The
	Six Months Ended			Year Ended
	March 31, 2009			September 30, 2008


From Investment Activities:
Operations:
Net Investment Income	$	38,130,210		$	81,004,260
Net Realized Loss		(66,235,565	)		(20,721,067	)
Net Unrealized Depreciation During the Period		(170,218,066	)		(212,733,258	)

Change in Net Assets from Operations		(198,323,421	)		(152,450,065	)


Distributions from Net Investment Income:
Class A Shares		(32,321,631	)		(66,087,307	)
Class B Shares		(1,931,799	)		(3,978,745	)
Class C Shares		(4,342,841	)		(8,143,974	)
Class I Shares		(3,366	)		(18,573	)

Total Distributions		(38,599,637	)		(78,228,599	)


Net Change in Net Assets from Investment Activities		(236,923,058	)	��	(230,678,664	)


From Capital Transactions:
Proceeds from Shares Sold		134,062,379			365,253,833
Net Asset Value of Shares Issued Through Dividend Reinvestment		31,115,393			57,959,746
Cost of Shares Repurchased		(230,142,702	)		(426,646,705	)


Net Change in Net Assets from Capital Transactions		(64,964,930	)		(3,433,126	)

Total Decrease in Net Assets		(301,887,988	)		(234,111,790	)
Net Assets:
Beginning of the Period		1,272,950,408			1,507,062,198

End of the Period (Including accumulated undistributed net investment income of $3,000,784 and $3,470,211, respectively)	$	971,062,420		$	1,272,950,408

See Notes to Financial Statements

Van Kampen Strategic Municipal Income Fund

Financial Highlights (Unaudited)

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


	Six Months
	Ended
	March 31,			Year Ended September 30,
Class A Shares	2009			2008			2007			2006		2005		2004


Net Asset Value, Beginning of the Period	$	10.97		$	12.94		$	13.59		$	13.23	$	13.00	$	13.03

Net Investment Income (a)		0.35			0.71			0.69			0.71		0.72		0.74
Net Realized and Unrealized Gain/Loss		(2.10	)		(2.00	)		(0.64	)		0.37		0.27		-0-

Total from Investment Operations		(1.75	)		(1.29	)		0.05			1.08		0.99		0.74

Less:
Distributions from Net Investment Income		0.35			0.68			0.70			0.72		0.76		0.77

Net Asset Value, End of the Period	$	8.87		$	10.97		$	12.94		$	13.59	$	13.23	$	13.00


Total Return (b)		–15.99%	*		–10.19%			0.26%			8.41%		7.75%		5.87%
Net Assets at End of the Period (In millions)	$	799.7		$	1,044.7		$	1,245.4		$	1,338.7	$	1,267.3	$	766.1
Ratio of Expenses to Average Net Assets		1.01%			1.19%			1.73%			1.39%		1.04%		0.99%
Ratio of Net Investment Income to Average Net Assets		7.61%			5.81%			5.11%			5.34%		5.41%		5.74%
Portfolio Turnover		7%	*		30%			28%			48%		34%		10%

Supplemental Ratio:
Ratio of Expenses to Average Net Assets (Excluding Interest and Residual Trust Expenses)		0.88%			0.83%			0.82%			0.84%		0.86%		0.91%


(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 .25% and do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares.

*		Non-Annualized

See Notes to Financial Statements

Van Kampen Strategic Municipal Income Fund
Financial Highlights (Unaudited) continued

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


	Six Months
	Ended
	March 31,			Year Ended September 30,
Class B Shares	2009			2008			2007			2006		2005		2004


Net Asset Value, Beginning of the Period	$	10.97		$	12.93		$	13.58		$	13.22	$	12.99	$	13.02

Net Investment Income (a)		0.31			0.62			0.59			0.61		0.62		0.65
Net Realized and Unrealized Gain/Loss		(2.09	)		(1.99	)		(0.65	)		0.37		0.27		(0.01	)

Total from Investment Operations		(1.78	)		(1.37	)		(0.06	)		0.98		0.89		0.64

Less:
Distributions from Net Investment Income		0.32			0.59			0.59			0.62		0.66		0.67

Net Asset Value, End of the Period	$	8.87		$	10.97		$	12.93		$	13.58	$	13.22	$	12.99


Total Return (b)		–16.24%	*		–10.88%			–0.49%			7.54%		7.04%		5.07%
Net Assets at End of the Period (In millions)	$	52.4		$	70.2		$	91.4		$	120.0	$	144.9	$	123.8
Ratio of Expenses to Average Net Assets		1.76%			1.95%			2.48%			2.14%		1.79%		1.75%
Ratio of Net Investment Income to Average Net Assets		6.85%			5.05%			4.35%			4.58%		4.67%		5.00%
Portfolio Turnover		7%	*		30%			28%			48%		34%		10%

Supplemental Ratio:
Ratio of Expenses to Average Net Assets (Excluding Interest and Residual Trust Expenses)		1.63%			1.58%			1.57%			1.59%		1.61%		1.67%


(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 sixth 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.

*		Non-Annualized

See Notes to Financial Statements

Van Kampen Strategic Municipal Income Fund
Financial Highlights (Unaudited) continued

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


	Six Months
	Ended
	March 31,			Year Ended September 30,
Class C Shares	2009			2008			2007			2006		2005		2004


Net Asset Value, Beginning of the Period	$	11.07		$	13.04		$	13.69		$	13.32	$	13.09	$	13.11

Net Investment Income (a)		0.32			0.62			0.59			0.61		0.62		0.64
Net Realized and Unrealized Gain/Loss		(2.12	)		(2.00	)		(0.65	)		0.38		0.27		0.01

Total from Investment Operations		(1.80	)		(1.38	)		(0.06	)		0.99		0.89		0.65

Less:
Distributions from Net Investment Income		0.32			0.59			0.59			0.62		0.66		0.67

Net Asset Value, End of the Period	$	8.95		$	11.07		$	13.04		$	13.69	$	13.32	$	13.09


Total Return (b)		–16.28%	*		–10.87%			–0.49%			7.55%		6.98%		5.10%	(c)
Net Assets at End of the Period (In millions)	$	118.9		$	157.8		$	170.3		$	198.0	$	200.0	$	84.0
Ratio of Expenses to Average Net Assets		1.76%			1.95%			2.48%			2.14%		1.80%		1.73%
Ratio of Net Investment Income to Average Net Assets		6.88%			5.06%			4.35%			4.59%		4.62%		4.94%	(c)
Portfolio Turnover		7%	*		30%			28%			48%		34%		10%

Supplemental Ratio:
Ratio of Expenses to Average Net Assets (Excluding Interest and Residual Trust Expenses)		1.63%			1.58%			1.57%			1.59%		1.62%		1.65%


(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)		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 7)

*		Non-Annualized

See Notes to Financial Statements

Van Kampen Strategic Municipal Income Fund
Financial Highlights (Unaudited) continued

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


	Six Months			December 19, 2007
	Ended			(Commencement of
	March 31,			Operations) to
Class I Shares	2009			September 30, 2008


Net Asset Value, Beginning of the Period	$	10.97		$	12.46

Net Investment Income (a)		0.36			0.56
Net Realized and Unrealized Gain/Loss		(2.08	)		(1.50	)

Total from Investment Operations		(1.72	)		(0.94	)

Less:
Distributions from Net Investment Income		0.37			0.55

Net Asset Value, End of the Period	$	8.88		$	10.97


Total Return (b)		–15.77%	*		–7.71%	*
Net Assets at End of the Period (In millions)	$	0.1		$	0.2
Ratio of Expenses to Average Net Assets		0.74%			0.94%
Ratio of Net Investment Income to Average Net Assets		7.52%			6.08%
Portfolio Turnover		7%	*		30%

Supplemental Ratio:
Ratio of Expenses to Average Net Assets (Excluding Interest and Residual Trust Expenses)		0.61%			0.58%


(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.

*		Non-Annualized

See Notes to Financial Statements

Van Kampen Strategic Municipal Income Fund

Notes to Financial Statements n March 31, 2009 (Unaudited)

1. Significant Accounting Policies

Van Kampen Strategic Municipal Income Fund (the “Fund”) is organized as a series of the Van Kampen Tax Free 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 to provide investors a high level of current income exempt from federal income tax primarily through investment in a diversified portfolio of medium- and lower-grade municipal securities. The Fund commenced investment operations on June 28, 1985. 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.

A. Security Valuation Municipal bonds are valued by independent pricing services or dealers using the mean of the bid and asked prices or, in the absence of market quotations, at fair value based upon yield data relating to municipal bonds with similar characteristics and general market conditions. Securities which are not valued by independent pricing services or dealers are valued at fair value using 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. Futures contracts are valued at the settlement price established each day on the exchange on which they are traded. Short-term securities with remaining maturities of 60 days or less are valued at amortized cost, which approximates market value.

The Fund adopted Financial Accounting Standards Board Statement of Financial Accounting Standards No. 157, Fair Value Measurements (FAS 157), effective October 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 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.

Van Kampen Strategic Municipal Income Fund
Notes to Financial Statements n March 31, 2009 (Unaudited) continued


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.

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


	Investments in
Valuation Inputs	Securities

Level 1—Quoted Prices	$	-0-
Level 2—Other Significant Observable Inputs		981,437,010
Level 3—Significant Unobservable Inputs		-0-

Total	$	981,437,010

B. Security Transactions Security transactions are recorded on a trade date basis. Realized gains and losses are determined on an identified cost basis. Legal expenditures that are expected to result in the restructuring of or a plan of reorganization for an investment are recorded as realized losses. The Fund may purchase and sell securities on a “when-issued” or “delayed delivery” basis, with settlement to occur at a later date. The value of the security so purchased is subject to market fluctuations during this period. The Fund will segregate assets with the custodian having an aggregate value at least equal to the amount of the when-issued or delayed delivery purchase commitments until payment is made. At March 31, 2009, the Fund had $5,783,040 of when-issued or delayed delivery purchase commitments.

D. 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 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 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. Generally, each of the tax years in the four year period ended September 30, 2008, remains subject to examination by taxing authorities.

Van Kampen Strategic Municipal Income Fund
Notes to Financial Statements n March 31, 2009 (Unaudited) continued

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 these losses against any future realized capital gains. At September 30, 2008, the Fund had an accumulated capital loss carryforward for tax purposes of $121,582,967, which will expire according to the following schedule:


Amount		Expiration

$	10,147,307		September 30, 2009
	16,221,240		September 30, 2010
	22,472,916		September 30, 2011
	3,607,121		September 30, 2012
	28,957,443		September 30, 2013
	24,197,373		September 30, 2014
	6,419,495		September 30, 2015
	9,560,072		September 30, 2016

At March 31, 2009, the cost and related gross unrealized appreciation and depreciation are as follows:


Cost of investments for tax purposes	$	1,309,806,398

Gross tax unrealized appreciation	$	13,552,938
Gross tax unrealized depreciation		(377,625,931	)

Net tax unrealized depreciation on investments	$	(364,072,993	)

E. 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. Distributions from net realized gains for book purposes may include short-term capital gains, which are included in ordinary income for tax purposes.

The tax character of distributions paid during the year ended September 30, 2008 was as follows:


Distributions paid from:
Ordinary income	$	48,797
Tax-exempt income		78,737,727

	$	78,786,524

As of September 30, 2008, the components of distributable earnings on a tax basis were as follows:


Undistributed ordinary income	$	204,490
Undistributed tax-exempt income		6,214,160

Net realized gains or losses may differ for financial reporting and tax purposes primarily as a result of gains or losses recognized on securities for tax purposes but not for book purposes and the deferral of losses relating to wash sale transactions.

Van Kampen Strategic Municipal Income Fund
Notes to Financial Statements n March 31, 2009 (Unaudited) continued

F. Credits Earned on Cash Balances During the six months ended March 31, 2009, the Fund’s custody fee was reduced by $4,376 as a result of credits earned on cash balances.

G. Floating Rate Note Obligations Related to Securities Held The Fund enters into transactions in which it transfers to dealer trusts fixed rate bonds in exchange for cash and residual interest in the dealer trusts’ assets and cash flows, which are in the form of inverse floating rate investments. The dealer trusts fund the purchases of the fixed rate bonds by issuing floating rate notes to third parties and allowing the Fund to retain residual interests in the bonds. The Fund enters into shortfall agreements with the dealer trusts, which commit the Fund to pay the dealer trusts, in certain circumstances, the difference between the liquidation value of the fixed rate bonds held by the dealer trusts and the liquidation value of the floating rate notes held by third parties, as well as any shortfalls in interest cash flows. The residual interests held by the Fund (inverse floating rate investments) include the right of the Fund (1) to cause the holders of the floating rate notes to tender their notes at par at the next interest rate reset date, and (2) to transfer the municipal bond from the dealer trusts to the Fund, thereby collapsing the dealer trusts. The Fund accounts for the transfer of bonds to the dealer trusts as secured borrowings, with the securities transferred remaining in the Fund’s investments assets, and the related floating rate notes reflected as Fund liabilities under the caption “Floating Rate Note Obligations” on the Statement of Assets and Liabilities. The Fund records the interest income from the fixed rate bonds under the caption “Interest” and records the expenses related to floating rate note obligations and any administrative expenses of the dealer trusts under the caption “Interest and Residual Trust Expenses” on the Fund’s Statement of Operations. The notes issued by the dealer trust have interest rates that reset weekly and the floating rate note holders have the option to tender their notes to the dealer trusts for redemption at par at each reset date. At March 31, 2009, Fund investments with a value of $58,685,383 are held by the dealer trusts and serve as collateral for the $35,705,000 in floating rate notes outstanding at that date. Contractual maturities of the floating rate notes and interest rates in effect at March 31, 2009 are presented on the Portfolio of Investments. The average floating rate notes outstanding and average annual interest and fee rate related to residual interests during the six months ended March 31, 2009 were $51,118,243 and 2.62%, respectively.

2. Investment Advisory Agreement and Other Transactions with Affiliates

Under the terms of the Fund’s Investment Advisory Agreement, Van Kampen Asset management (“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 $500 million		.50%
Over $500 million		.45%

For the six months ended March 31, 2009, the Fund recognized expenses of approximately $28,100 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.

Van Kampen Strategic Municipal Income Fund
Notes to Financial Statements n March 31, 2009 (Unaudited) continued

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 six months ended March 31, 2009, the Fund recognized expenses of approximately $70,000 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 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 six months ended March 31, 2009, the Fund recognized expenses of approximately $99,600 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 directors 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 $123,300 are included in “Other” assets on the Statement of Assets and Liabilities at March 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 six months ended March 31, 2009, Van Kampen, as Distributor for the Fund, received commissions on sales of the Fund’s Class A Shares of approximately $85,000 and contingent deferred sales charge (CDSC) on redeemed shares of approximately $135,700. Sales charges do not represent expenses of the Fund.

Van Kampen Strategic Municipal Income Fund
Notes to Financial Statements n March 31, 2009 (Unaudited) continued

3. Capital Transactions

For the six months ended March 31, 2009 and year ended September 30, 2008, transactions were as follows:


	For The						For The
	Six Months Ended						Year Ended
	March 31, 2009						September 30, 2008
	Shares			Value			Shares			Value

Sales:
Class A		11,561,553		$	105,206,125			23,278,380		$	286,468,234
Class B		431,455			3,883,163			703,508			8,570,363
Class C		2,735,195			24,973,091			5,608,467			69,427,740
Class I		-0-			-0-			64,111			787,496

Total Sales		14,728,203		$	134,062,379			29,654,466		$	365,253,833


Dividend Reinvestment:
Class A		2,949,552		$	26,550,652			4,155,890		$	49,845,865
Class B		181,460			1,632,625			261,522			3,134,913
Class C		322,727			2,928,752			411,425			4,962,066
Class I		366			3,364			1,417			16,902

Total Dividend Reinvestment		3,454,105		$	31,115,393			4,830,254		$	57,959,746


Repurchases:
Class A		(19,570,305	)	$	(182,433,145	)		(28,462,846	)	$	(347,202,239	)
Class B		(1,098,830	)		(10,129,050	)		(1,633,806	)		(19,796,928	)
Class C		(4,043,998	)		(37,453,110	)		(4,809,263	)		(59,089,651	)
Class I		(13,187	)		(127,397	)		(46,931	)		(557,887	)

Total Repurchases		(24,726,320	)	$	(230,142,702	)		(34,952,846	)	$	(426,646,705	)

4. Redemption Fee

The Fund will assess a 2% redemption fee on the proceeds of Fund shares that are redeemed (either by sale or exchange) within 30 days of purchase. The redemption fee is paid directly to the Fund and allocated on pro rata basis to each class of shares. For the six months ended March 31, 2009, the Fund received redemption fees of approximately $11,700, which are reported as part of “Cost of Shares Repurchased” on the Statements of Changes in Net Assets. The per share impact from redemption fees paid to the Fund was less than $0.01.

5. Investment Transactions

During the period, the cost of purchases and proceeds from sales of investments, excluding short-term investments, were $217,748,781 and $229,318,964, 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. 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, to manage the portfolio’s effective yield, maturity and duration, or generate potential gain. All of the Fund’s portfolio holdings,

Van Kampen Strategic Municipal Income Fund
Notes to Financial Statements n March 31, 2009 (Unaudited) continued

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 generally recognized. Risks may arise as a result of the potential inability of the counterparties to meet the terms of their contracts.

Summarized below are the specific types of derivative financial instruments used by the Fund.

A. Futures Contracts A futures contract is an agreement involving the delivery of a particular asset on a specified future date at an agreed upon price. The Fund generally invests in exchange traded futures contracts on U.S. Treasury Securities and typically closes the contract prior to the delivery date. These contracts are generally used to manage the Fund’s effective maturity and duration. 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).

For the six months ended March 31, 2009, there were no transactions in future contracts.

7. Distribution and Service Plans

The amount of distribution expenses incurred by the Distributor and not yet reimbursed (“unreimbursed receivable”) was approximately $1,150,000 and $86,300 for Class B and Class C Shares, respectively. These amounts may be recovered from future payments under the

Van Kampen Strategic Municipal Income Fund
Notes to Financial Statements n March 31, 2009 (Unaudited) continued

distribution plan or CDSC. To the extent the unreimbursed receivable has been fully recovered, the distribution fee is reduced.

8. Indemnifications

9. Accounting Pronouncements

On March 19, 2008, Financial Accounting Standards Board released Statement of Financial Accounting Standards No. 161, Disclosures about Derivative Instruments and Hedging Activities (FAS 161). FAS 161 requires qualitative disclosures about objectives and strategies for using derivatives, quantitative disclosures about fair value amounts of and gains and losses on derivative instruments, and disclosures about credit-risk-related contingent features in derivative agreements. The application of FAS 161 is required for fiscal years and interim periods beginning after November 15, 2008. At this time, management does not believe the adoption of FAS 161 will impact the financial statement amounts; however, additional footnote disclosures may be required about the use of derivative instruments and hedging items.

Van Kampen Strategic Municipal 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 333 West Wacker Drive Chicago, Illinois 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 Strategic Municipal 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 annually.

We Respect Your Privacy

1. What Personal Information Do We Collect About You?


	•	We collect information such as your name, address, e-mail address, phone number and account title.

(continued on next page)

Van Kampen Strategic Municipal 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?

(continued on next page)

Van Kampen Strategic Municipal Income Fund
An Important Notice Concerning Our
U.S. Privacy Policy continued

3. How Do We Protect the Security and Confidentiality of Personal Information We Collect About You?

4. How Can You Limit the Sharing of Certain Types of Personal Information With Affiliated Companies?

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

(continued on next page)

Van Kampen Strategic Municipal Income Fund
An Important Notice Concerning Our
U.S. Privacy Policy continued

If you wish to opt-out of sharing and to limit marketing offers, you may do so by:


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

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

SPECIAL NOTICE TO RESIDENTS OF VERMONT

(continued on back)

Van Kampen Strategic Municipal Income Fund
An Important Notice Concerning Our
U.S. Privacy Policy continued

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

Van Kampen Funds Inc.

522 Fifth Avenue

New York, New York 10036

www.vankampen.com

39, 339, 539, 639

STMISAN 5/09

IU09-02155P-Y03/09

Welcome, Shareholder

In this report, you’ll learn about how your investment in Van Kampen California Insured Tax Free Fund performed during the semiannual 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 March 31, 2009.

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.

Income may subject certain individuals to the federal Alternative Minimum Tax (AMT).

Performance Summary as of 3/31/09

A Shares

B Shares

C Shares

I Shares

since 12/13/85

since 4/30/93

since 8/13/93

since 8/12/05

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

5.74

5.52

3.59

3.03

–0.69

10-year

2.77

2.27

2.46

2.05

—

5-year

0.33

–0.64

0.40

0.15

–0.36

—

1-year

–5.26

–9.76

–5.35

–8.97

–5.89

–6.79

–5.02

6-month

–0.66

–5.36

–0.71

–4.59

–1.07

–2.04

–0.54

30-Day SEC Yield

4.46%

4.68%

3.92%

4.93

Gross Expense Ratio

1.29%

2.05%

2.04%

1.04

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. Expenses are as of the Fund’s fiscal year end.

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 years one and two 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. The since inception and 10-year returns for Class B shares reflect the conversion of Class B shares into Class A shares eight years after purchase. 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 non-qualified 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 SEC. Yields are subject to change. Periods of less than one year are not annualized.

Fund Report

For the six-month period ended March 31, 2009

Market Conditions

Not surprisingly in this risk-averse environment, the lower-rated segment of the market underperformed, with high-yield municipal bonds (those rated below triple-B or non-rated issues) returning –21.25 percent for the fourth quarter (as measured by the Barclays Capital High Yield Municipal Bond Index) while triple-B rated issues returned –14.68 percent and triple-A rates issues returned 3.44 percent (as measured by the Barclays Capital Municipal Bond Index).

The state of California still benefits from its large and diverse economic base and above average wealth levels. However, the state faces many challenges from its large exposure to the housing crisis, falling tax revenues, and recent budgetary shortfalls. Although the Governor recently signed the state’s 2009 Budget Act, which closed the state’s budget gap through a series of tax increases, expenditure cuts and borrowing, the rating agencies subsequently downgraded the state’s credit rating to mid-single A with a stable outlook. The state typically leads the national economy and we will continue to closely monitor its financial performance.

Performance Analysis

All share classes of Van Kampen California Insured Tax Free Fund underperformed the Barclays Capital California Insured Municipal Bond Index (the “Index”) and the Barclays Capital Municipal Bond Index for the six months ended March 31, 2009, assuming no deduction of applicable sales charges.

Total returns for the six-month period ended March 31, 2009

Barclays Capital

California Insured

Barclays Capital

Municipal Bond

Class A

Class B

Class C

Class I

Index

–0.66

–0.71

–1.07

–0.54

6.03

5.00

The primary detractors from performance during the reporting period were the portfolio’s holdings in triple-B rated securities and its yield-curve positioning. The Fund held an overweight relative to the index in triple-B rated securities, which hindered performance as the higher-rated segment of the market outperformed during the period. With regard to yield-curve positioning, the portfolio held a modest overweight to the long end of the curve, specifically maturities of 25 years or more, which was disadvantageous as shorter-maturity issues outperformed. Holdings in tobacco and special tax district bonds also detracted from returns due to ongoing spread widening in the sectors. It should be noted that over the course of the period, we reduced the Fund’s exposure to the long end of the municipal curve, reduced holdings in lower quality insured issues, and trimmed exposure to the tobacco sector.

Positive contributors to relative performance for the period included strong security selection in the health care sector. The Fund’s holdings there were primarily high-quality securities in that they were insured or double-A rated, which was beneficial as spreads on these higher-quality issues widened less than spreads on lower-rated uninsured health care issues during the reporting period. The Fund’s exposure to pre-refunded bonds* was additive to returns as these shorter-maturity securities benefited from the outperformance of the front end of the municipal yield curve. Lastly, holdings in municipal auction rate securities with zero durations (a measure of interest-rate sensitivity) helped enhance the portfolio’s income as the yields on these securities remained well above those of comparable money market instruments.

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.


Top Five Sectors as of 3/31/09 (Unaudited)

Tax Allocation	30.2	%
Public Education	15.2
Public Buildings	10.0
Hospital	7.7
Higher Education	7.6


Ratings Allocation as of 3/31/09 (Unaudited)

AAA/Aaa	20.9	%
AA/Aa	47.0
A/A	21.1
BBB/Baa	10.1
Non-Rated	0.9

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. Ratings allocations are a percentage of total investments. Top 5 sectors percentages are as a percentage of long-term investments. 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. Ratings allocations based upon ratings as issued by Standard & Poor’s and Moody’s, respectively.

For More Information About Portfolio Holdings

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

Householding Notice

Proxy Voting Policy and Procedures and Proxy Voting Record

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 10/1/08 - 3/31/09.

Actual Expense

Hypothetical Example for Comparison Purposes


	Beginning		Ending		Expenses Paid
	Account Value		Account Value		During Period*

	10/1/08		3/31/09		10/1/08-3/31/09

Class A
Actual	$	1,000.00	$	993.38	$	4.77
Hypothetical		1,000.00		1,020.14		4.84
(5% annual return before expenses)

Class B
Actual		1,000.00		992.86		4.82
Hypothetical		1,000.00		1,020.09		4.89
(5% annual return before expenses)

Class C
Actual		1,000.00		989.26		8.73
Hypothetical		1,000.00		1,016.16		8.85
(5% annual return before expenses)

Class I
Actual		1,000.00		994.64		3.43
Hypothetical		1,000.00		1,021.49		3.48
(5% annual return before expenses)


*		Expenses are equal to the Fund’s annualized expense ratio of 0.96%, 0.97%, 1.76% and 0.69%, for Class A, B, C and I Shares, respectively, multiplied by the average account value over the period, multiplied by 182/365 (to reflect the one-half year period). The expense ratios for Class B Share reflect actual 12b-1 fees of less than 1%.

Assumes all dividends and distributions were reinvested.

The following table shows what expenses a shareholder would have paid, excluding interest and residual trust expenses.


	Beginning		Ending		Expenses Paid
	Account Value		Account Value		During Period*

	10/1/08		3/31/09		10/1/08-3/31/09

Class A
Actual	$	1,000.00	$	993.38	$	4.72
Hypothetical		1,000.00		1,020.19		4.78
(5% annual return before expenses)

Class B
Actual		1,000.00		992.86		4.72
Hypothetical		1,000.00		1,020.19		4.78
(5% annual return before expenses)

Class C
Actual		1,000.00		989.26		8.63
Hypothetical		1,000.00		1,016.26		8.75
(5% annual return before expenses)

Class I
Actual		1,000.00		994.64		3.38
Hypothetical		1,000.00		1,021.54		3.43
(5% annual return before expenses)


*		Expenses are equal to the Fund’s annualized expense ratio of 0.95%, 0.95%, 1.74% and 0.68%, for Class A, B, C and I Shares, respectively, multiplied by the average account value over the period, multiplied by 182/365 (to reflect the one-half year period). The expense ratios for Class B Share reflect actual 12b-1 fees of less than 1%.

Assumes all dividends and distributions were reinvested.

Van Kampen California Insured Tax Free Fund

Portfolio of Investments n March 31, 2009 (Unaudited)


Par
Amount
(000)		Description	Coupon			Maturity	Value


		Municipal Bonds 101.3% California 101.3%
$	1,925	Alhambra, CA City Elem Sch Dist Cap Apprec, Ser A (FSA Insd)		*		09/01/20	$	1,065,334
	2,365	Apple Valley, CA Pub Fin Auth Lease Rev Town Hall Annex Proj, Ser A (AMBAC Insd)		5.000	%	09/01/27		2,192,875
	1,500	Arcadia, CA Uni Sch Dist Election 2006, Ser A (FSA Insd)		5.000		08/01/37		1,413,330
	1,430	Bay Area Govt Assn CA Lease Rev Cap Proj, Ser A (AMBAC Insd)		5.250		07/01/17		1,544,443
	2,735	Bay Area Govt Assn CA Lease Rev West Sacramento, Ser A (Syncora Gtd)		5.000		09/01/29		2,636,567
	1,250	Bay Area Toll Auth CA Toll Brdg Rev San Francisco Bay Area, Ser F1		5.000		04/01/39		1,177,900
	1,000	Bonita, CA Uni Sch Dist Election 2004, Ser A (NATL Insd)		5.000		08/01/28		952,290
	1,070	Bonita, CA Uni Sch Dist Election 2004, Ser A (NATL Insd)		5.250		08/01/24		1,111,719
	1,850	Brea & Olinda, CA Uni Sch Dist Ctf Partn Rfdg, Ser A (FSA Insd)		5.500		08/01/18		1,959,872
	1,745	Byron Bethany JT Pwrs Auth CA Lease Rev Admin Bldg Proj, Ser A (CIFG Insd)		4.625		10/01/32		1,383,279
	2,165	California Ed Fac Auth Rev Univ Pacific (NATL Insd)		5.875		11/01/20		2,199,185
	1,000	California Hlth Fac Fin Auth Rev Providence Hlth & Svc, Ser C		6.500		10/01/38		1,047,230
	10,000	California Hlth Fac Fin Auth Rev Sutter Hlth, Ser A (b)		5.000		11/15/42		8,593,750
	1,050	California Spl Dist Assn Fin Corp Ctf Partn Spl Dist Fin Pgm, Ser DD (FSA Insd)		5.625		01/01/27		1,011,686
	945	California St (FGIC Insd)		6.250		09/01/12		1,005,253
	1,000	California St Univ Rev Systemwide, Ser A (AGL Insd)		5.250		11/01/38		969,300
	2,000	California Statewide Cmnty Dev Auth Rev ARS Insd Hlth Fac Catholic, Ser D (FSA Insd) (c) (d)		1.500		07/01/41		2,000,000
	1,000	California Statewide Cmnty Dev Auth Rev CA Statewide Inland Regl Ctr Proj		5.375		12/01/37		716,240
	500	California Statewide Cmnty Dev Auth Rev FHA Insd Mtg Methodist Hosp Proj (FHA Gtd)		6.750		02/01/38		506,800
	1,900	California Statewide Cmnty Dev Auth Wtr Rev, Ser A (FSA Insd)		5.000		10/01/26		1,889,056
	2,000	Castaic Lake Wtr Agy CA Ctf Partn Wtr Sys Impt Proj Rfdg, Ser A (NATL Insd)		7.000		08/01/12		2,291,560
	3,000	Castaic Lake Wtr Agy CA Rev Ctf Partn, Ser A (NATL Insd)		5.250		08/01/23		3,072,090
	100	Cerritos, CA Cmnty College Dist Election 2004, Ser A (NATL Insd)		5.000		08/01/26		99,878

See Notes to Financial Statements

Van Kampen California Insured Tax Free Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity	Value


		California (Continued)
$	125	Cerritos, CA Cmnty College Dist Election 2004, Ser A (NATL Insd)		5.000	%	08/01/28	$	121,876
	1,160	Coachella, CA Fin Auth Tax Alloc Rev Redev Proj 1 & 2 Rfdg, Ser A (Syncora Gtd)		5.250		12/01/30		954,170
	3,400	Contra Costa, CA Cmnty College Dist Election 2002 (NATL Insd)		5.000		08/01/29		3,289,330
	950	Corona, CA Redev Agy Tax Alloc Temescal Canyon Proj Area, Ser A (AGL Insd)		4.375		11/01/26		771,609
	2,500	Desert, CA Cmnty College Dist, Ser C (FSA Insd)		5.000		08/01/37		2,355,550
	2,000	Desert Hot Springs, CA Redev Agy Tax Alloc Merged Redev Proj, Ser A-2		5.750		09/01/38		1,609,520
	2,400	Dinuba, CA Redev Agy Tax Alloc Merged City Redev Proj No 2 Rfdg (AMBAC Insd)		5.000		09/01/34		2,203,776
	1,000	El Dorado, CA Irr Dist Ctfs Partn, Ser A (AGL Insd)		5.750		08/01/39		1,000,950
	1,200	Fairfield, CA Cmnty Fac Dist Spl Tax No 3 North Cordelia Gen Impt		6.000		09/01/32		1,124,160
	2,330	Fairfield, CA Ctf Partn Fairfield Wtr, Ser A (NATL Insd)		5.000		04/01/42		1,942,824
	1,480	Fontana, CA Redev Agy Tax Alloc Dwntwn Redev Proj Rfdg (NATL Insd)		5.000		09/01/21		1,392,014
	1,735	Fortuna, CA Pub Fin Auth Rev Escrow (AGL Insd)		5.000		11/01/38		1,548,661
	650	Fresno, CA Jt Pwrs Fin Auth Lease Rev, Ser A (FSA Insd)		5.000		06/01/17		686,881
	590	Fresno, CA Uni Sch Dist Rfdg, Ser C (NATL Insd)		5.900		08/01/17		649,932
	630	Fresno, CA Uni Sch Dist Rfdg, Ser C (NATL Insd)		5.900		08/01/18		689,932
	675	Fresno, CA Uni Sch Dist Rfdg, Ser C (NATL Insd)		5.900		08/01/19		732,362
	720	Fresno, CA Uni Sch Dist Rfdg, Ser C (NATL Insd)		5.900		08/01/20		773,042
	1,000	Gilroy, CA Uni Sch Dist Ctf Partn Sch Fac Proj (AGL Insd)		5.000		04/01/39		893,770
	2,000	Glendale, CA Redev Agy Tax Alloc Rev Ctr Glendale Redev Proj (NATL Insd)		5.250		12/01/20		1,829,220
	2,425	Glendora, CA Pub Fin Auth Rev Tax Alloc Proj No 1, Ser A (NATL Insd)		5.000		09/01/24		2,189,945
	5,000	Golden St Tob Sec Corp CA Tob Settlement Rev Asset Bkd Sr, Ser A-1		5.750		06/01/47		2,807,500
	2,000	Golden Vly Uni Sch Dist CA Election 2006, Ser A (FSA Insd)		5.000		08/01/41		1,863,740
	2,230	Hanford, CA Jt Un High Sch Dist Election 1998, Ser C (NATL Insd)		5.700		08/01/28		2,355,482
	2,275	Hawaiian Gardens, CA Redev Agy Proj No 1 Tax Alloc, Ser A (AMBAC Insd)		5.000		12/01/25		2,017,447
	2,900	Hesperia, CA Pub Fin Auth Rev Redev & Hsg Proj, Ser A (Syncora Gtd)		5.000		09/01/31		2,079,503
	2,000	Imperial Irr Dist CA Ctf Partn Elec Sys Proj (FSA Insd)		5.250		11/01/23		2,049,360

See Notes to Financial Statements

Van Kampen California Insured Tax Free Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity	Value


		California (Continued)
$	1,950	Imperial Irr Dist CA Ctf Partn Wtr Sys Proj (AMBAC Insd)		5.000	%	07/01/19	$	1,988,493
	2,000	Indio, CA Redev Agy Tax Alloc Sub-merged Redev Proj Area, Ser A		5.625		08/15/35		1,762,200
	2,000	Inglewood, CA Redev Agy Tax Alloc Merged Redev Proj Rfdg, Ser A (AMBAC Insd)		5.250		05/01/23		1,939,520
	1,715	Irvine, CA Pub Fac & Infrastructure Auth Assmt Rev, Ser B (AMBAC Insd)		5.000		09/02/23		1,500,248
	2,000	La Canada, CA Uni Sch Dist Election 2004, Ser A (NATL Insd)		5.500		08/01/28		2,026,000
	2,000	La Quinta, CA Fin Auth Loc Agy Rev, Ser A (AMBAC Insd)		5.250		09/01/24		1,856,080
	2,000	La Quinta, CA Redev Agy Tax Alloc Redev Proj Area No 1 (AMBAC Insd)		5.000		09/01/22		1,860,960
	1,000	Lodi, CA Wastewater Sys Rev Ctf Partn, Ser A (FSA Insd)		5.000		10/01/37		935,270
	1,545	Long Beach, CA Bd Fin Auth Lease Rev Pub Safety Fac Proj (AMBAC Insd)		5.250		11/01/20		1,556,603
	1,975	Los Angeles, CA Ctf Partn Real Ppty Pgm, Ser T (NATL Insd)		5.000		02/01/19		2,031,564
	2,000	Los Angeles, CA Dept Wtr & Pwr Wtrwks Rev, Ser C (NATL Insd)		5.000		07/01/26		2,011,300
	1,115	Los Angeles, CA Mtg Rev FHA Sec 8 Asstd Proj Rfdg, Ser A (NATL Insd)		6.100		07/01/25		1,115,513
	1,375	Los Angeles, CA Spl Assmt Landscaping & Ltg Dist No 96, Ser 1 (AMBAC Insd)		5.000		03/01/21		1,403,710
	1,000	Los Angeles, CA Uni Sch Dist, Ser D		5.000		01/01/34		944,350
	1,000	Los Angeles Cnty, CA Ctf Partn Disney Pkg Proj Rfdg (AMBAC Insd)		4.750		03/01/23		894,270
	1,000	Los Angeles Cnty, CA Metro Tran Auth Sales Tax Rev Prop A First Tier Sr Rfdg, Ser C (AMBAC Insd)		5.000		07/01/23		1,014,590
	1,265	Los Angeles Cnty, CA Sch Regionalized Business Svcs Ctf Cap Apprec Pooled Fin, Ser A (AMBAC Insd)		*		08/01/24		509,782
	1,000	Lynwood, CA Uni Sch Dist 2002 Election, Ser A (FSA Insd)		5.000		08/01/27		986,940
	1,105	Monrovia, CA Fin Auth Lease Rev Hillside Wilderness Preserve (AMBAC Insd)		5.000		12/01/20		1,107,464
	2,000	Montclair, CA Redev Agy Tax Allocation Redev Proj No V Rfdg (NATL Insd)		5.000		10/01/20		1,902,520
	1,000	Morongo Band Of Mission Indians CA Enterprise Rev Indians Enterprise Casino, Ser B (e)		6.500		03/01/28		756,700
	1,570	Mountain View, CA Shoreline Regl Pk Cmnty Tax Alloc, Ser A (NATL Insd)		5.250		08/01/16		1,655,706
	1,000	Norco, CA Fing Auth Enterprise Rev Rfdg (FSA Insd)		5.625		10/01/34		991,040

See Notes to Financial Statements

Van Kampen California Insured Tax Free Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity	Value


		California (Continued)
$	1,300	Oceanside, CA Ctf Partn Rfdg, Ser A (AMBAC Insd)		5.200	%	04/01/23	$	1,181,999
	1,145	Pacifica, CA Wastewtr Rev Rfdg (AMBAC Insd)		5.000		10/01/25		1,064,644
	1,200	Palm Desert, CA Fin Auth Tax Alloc Rev Proj Area No 4 Rfdg, Ser A (NATL Insd)		5.000		10/01/29		1,015,704
	1,340	Palm Springs, CA Fin Auth Lease Rev Convention Ctr Proj Rfdg, Ser A (NATL Insd)		5.250		11/01/19		1,388,093
	1,000	Palomar Pomerado Hlthcare Dist CA Ctfs Partn, Ser A (FSA Insd) (c) (d)		4.900		11/01/36		1,000,000
	1,045	Panama-Buena Vista Uni Sch Dist CA Ctf Partn Sch Constr Proj (NATL Insd)		5.000		09/01/30		923,320
	2,000	Paramount, CA Uni Sch Dist Election 2006 (FSA Insd)		5.250		08/01/30		1,977,100
	2,020	Pomona, CA Pub Fin Auth Rev Merged Redev Proj, Ser AD (NATL Insd)		5.000		02/01/15		2,102,638
	1,110	Pomona, CA Pub Fin Auth Rev Merged Redev Proj, Ser AD (NATL Insd)		5.000		02/01/16		1,155,410
	1,000	Pomona, CA Pub Fin Auth Rev Sub Merged Redev Proj		5.125		02/01/33		674,340
	1,430	Pomona, CA Pub Fin Auth Rev Swr Proj, Ser BA (AMBAC Insd)		4.500		12/01/46		1,084,240
	1,360	Port Hueneme, CA Ctf Partn Cap Impt Pgm Rfdg (NATL Insd)		6.000		04/01/19		1,415,488
	1,055	Poway, CA Redev Agy Tax Alloc Paguay Redev Proj (AMBAC Insd)		5.375		06/15/20		1,010,289
	2,000	Poway, CA Uni Sch Dist Election 2008-Impt Dist 07-1, Ser A		*		08/01/26		707,020
	1,000	Rancho Cucamonga, CA Redev Agy Tax Alloc Rancho Redev Hsg Set Aside, Ser A (NATL Insd)		5.000		09/01/34		806,150
	3,000	Rancho Cucamonga, CA Redev Agy Tax Alloc Rancho Redev Proj (NATL Insd)		5.375		09/01/25		2,817,660
	1,000	Rancho Mirage, CA Jt Pwr Fin Auth Ctf Partn Eisenhower Med Rmkt, Ser B (NATL Insd)		4.875		07/01/22		877,650
	775	Redding, CA Elec Sys Rev Ctf Partn Reg Ribs (NATL Insd) (f) (g)		9.648		07/01/22		985,157
	1,400	Redding, CA Redev Agy Tax Alloc Canby Hilltop Cypress Redev, Ser A (NATL Insd)		5.000		09/01/23		1,281,658
	500	Riverside, CA Elec Rev Issue, Ser D (FSA Insd)		5.000		10/01/38		478,465
	6,375	Rohnert Pk, CA Cmnty Dev Commn Tax Alloc Rev Hsg Redev Proj, Ser H (NATL Insd)		4.375		08/01/30		4,713,293
	70	Sacramento, CA City Fin Auth Rev Cap Impt (AMBAC Insd)		5.000		12/01/33		66,477
	2,000	Sacramento Cnty, CA Pub Fin Auth Tax Alloc Rev Mather/McClellan Merged Proj, Ser A (AGL Insd)		5.000		12/01/38		1,871,000
	2,000	Sacramento Cnty, CA San Dist Fin Auth Rev Sacramento Regl Cnty San (NATL Insd)		5.000		12/01/29		1,937,500

See Notes to Financial Statements

Van Kampen California Insured Tax Free Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity	Value


		California (Continued)
$	2,535	San Diego, CA Pub Fac Fin Auth Rev Pooled Fin Southcrest, Ser B (Radian Insd)		5.250	%	10/01/27	$	2,084,404
	2,000	San Francisco, CA City & Cnty Second, Ser Issue 26B (NATL Insd)		5.000		05/01/22		1,964,140
	1,000	San Leandro, CA Ctf Partn Jt Proj Area Fin (NATL Insd)		5.100		12/01/26		1,002,250
	1,340	Sanger, CA Uni Sch Dist Ctf Cap Impt Prog (FSA Insd)		5.000		03/01/25		1,214,991
	775	Santa Fe Springs, CA Cmnty Dev Commn Tax Alloc (NATL Insd)		5.375		09/01/20		759,562
	800	Santa Fe Springs, CA Cmnty Dev Commn Tax Alloc (NATL Insd)		5.375		09/01/21		776,840
	2,450	Santa Monica, CA Cmnty College Dist Ctf Partn Rfdg, Ser A (AMBAC Insd)		5.250		02/01/23		2,302,608
	1,460	Shafter, CA Cmnty Dev Agy Tax Alloc Rev Cmnty Dev Proj Area No 1 Rfdg, Ser A (FSA Insd) (h)		5.000		11/01/36		1,335,681
	1,000	South Gate, CA Pub Fin Auth Tax Alloc Rev South Gate Redev Proj No 1 (Syncora Gtd)		5.750		09/01/22		955,500
	1,475	Southern CA Logistics Arpt Auth, Ser A		6.000		12/01/33		1,254,738
	2,365	Southern CA Logistics Arpt Auth Southn CA Logistics Arpt		5.375		12/01/22		2,032,930
	1,250	Southern CA Logistics Arpt Auth Southn CA Logistics Arpt		6.100		12/01/37		1,060,850
	2,000	Southern CA Logistics Arpt Auth Southn CA Logistics Arpt		6.150		12/01/43		1,688,040
	2,150	Temecula, CA Redev Agy Tax Alloc Rev Temecula Redev Proj No 1 (NATL Insd)		5.125		08/01/27		1,896,580
	5,000	Tobacco Sec Auth Southn CA Tob Settlement Sr, Ser A-1		5.125		06/01/46		2,519,250
	2,500	Turlock, CA Pub Fin Auth Tax Alloc Rev (FSA Insd)		5.000		09/01/36		2,069,725
	3,555	University CA Regt Med Ctr Pooled Rev, Ser A (BHAC Insd)		4.500		05/15/47		2,998,500
	705	University CA Rev, Ser O (b)		5.750		05/15/23		777,731
	1,050	University CA Rev, Ser O (b)		5.750		05/15/25		1,135,302
	1,340	Vallejo City, CA Uni Sch Dist Rfdg, Ser A (NATL Insd)		5.900		02/01/20		1,397,875
	2,000	Vernon, CA Nat Gas Fin Auth Rev Vernon Gas Proj, Ser C (NATL Insd) (c) (d)		7.500		08/01/21		2,000,000
	3,170	Washington, CA Uni Sch Dist Yolo Cnty Ctf Partn New High Sch Proj (AMBAC Insd)		5.125		08/01/37		2,570,363
	655	Woodland, CA Fin Auth Wastewater Rev Second Sr Lien (NATL Insd)		5.000		03/01/30		628,707

		Total Long-Term Investments 101.3% (Cost $201,106,902)						182,484,878

See Notes to Financial Statements

Van Kampen California Insured Tax Free Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


Description	Value



Total Short-Term Investments 2.1% (Cost $3,700,000)	$	3,700,000


Total Investments 103.4% (Cost $204,806,902)		186,184,878

Liability for Floating Rate Note Obligations Related to Securities Held (3.4%) (Cost ($6,170,000)) (6,170) Notes with interest rates ranging from 0.36% to 0.55% at March 31, 2009 and a contractual maturities of collateral ranging from 2023 to 2042 (a)		(6,170,000	)


Total Net Investments 100.0% (Cost $198,636,902)		180,014,878

Other Assets in Excess of Liabilities 0.0%		85,952


Net Assets 100.0%	$	180,100,830

Percentages are calculated as a percentage of net assets.


*		Zero coupon bond

(a)		Floating rate notes. The interest rates shown reflect the rates in effect at March 31, 2009.

(b)		Underlying security related to Inverse Floaters entered into by the Fund. See Note 1.

(c)		Security includes a feature allowing the Fund an option on any interest rate payment date to offer the security for sale at par. The sale is contingent upon market conditions.

(d)		Variable Rate Coupon

(e)		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.

(f)		Inverse Floating Rate

(g)		Escrowed to Maturity

(h)		Security has been deemed illiquid.

AGL—Assured Guaranty Ltd.

AMBAC—AMBAC Indemnity Corp.

BHAC—Berkshire Hathaway Assurance Corp.

CIFG—CDC IXIS Financial Guaranty

FGIC—Financial Guaranty Insurance Co.

FSA—Financial Security Assurance Inc.

NATL—National Public Finance Guarantee Corp.

Radian—Radian Asset Assurance

Syncora Gtd.—Syncora Guaranteed Limited

See Notes to Financial Statements

Van Kampen California Insured Tax Free Fund

Financial Statements

Statement of Assets and Liabilities

March 31, 2009 (Unaudited)


Assets:
Total Investments (Cost $204,806,902)	$	186,184,878
Receivables:
Interest		2,464,510
Investments Sold		1,888,375
Fund Shares Sold		97,252
Other		104,699

Total Assets		190,739,714

Liabilities:
Floating Rate Note Obligations		6,170,000
Payables:
Investments Purchased		2,607,200
Custodian Bank		1,017,635
Fund Shares Repurchased		280,589
Income Distributions		148,539
Investment Advisory Fee		73,415
Distributor and Affiliates		42,432
Trustees’ Deferred Compensation and Retirement Plans		194,059
Accrued Expenses		105,015

Total Liabilities		10,638,884

Net Assets	$	180,100,830

Net Assets Consist of:
Capital (Par value of $0.01 per share with an unlimited number of shares authorized)	$	205,789,774
Accumulated Undistributed Net Investment Income		708,340
Accumulated Net Realized Loss		(7,775,260	)
Net Unrealized Depreciation		(18,622,024	)

Net Assets	$	180,100,830

Maximum Offering Price Per Share:
Class A Shares:
Net asset value and redemption price per share (Based on net assets of $160,657,139 and 10,408,571 shares of beneficial interest issued and outstanding)	$	15.44
Maximum sales charge (4.75%* of offering price)		0.77

Maximum offering price to public	$	16.21

Class B Shares:
Net asset value and offering price per share (Based on net assets of $9,047,383 and 576,115 shares of beneficial interest issued and outstanding)	$	15.70

Class C Shares:
Net asset value and offering price per share (Based on net assets of $10,346,170 and 669,801 shares of beneficial interest issued and outstanding)	$	15.45

Class I Shares:
Net asset value and offering price per share (Based on net assets of $50,138 and 3,250 shares of beneficial interest issued and outstanding)	$	15.43


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

See Notes to Financial Statements

Van Kampen California Insured Tax Free Fund

Financial Statements continued

Statement of Operations

For the Six Months Ended March 31, 2009 (Unaudited)


Investment Income:
Interest	$	5,195,204

Expenses:
Investment Advisory Fee		433,825
Distribution (12b-1) and Service Fees
Class A		200,344
Class B		12,273
Class C		50,736
Transfer Agent Fees		55,910
Professional Fees		44,760
Accounting and Administrative Expenses		42,668
Reports to Shareholders		24,074
Interest and Residual Trust Expenses		15,589
Trustees’ Fees and Related Expenses		13,975
Custody		6,414
Registration Fees		1,242
Other		12,660

Total Expenses		914,470
Less Credits Earned on Cash Balances		1,350

Net Expenses		913,120

Net Investment Income	$	4,282,084

Realized and Unrealized Gain/Loss:
Net Realized Loss	$	(3,794,581	)

Unrealized Appreciation/Depreciation:
Beginning of the Period		(16,242,660	)
End of the Period		(18,622,024	)

Net Unrealized Depreciation During the Period		(2,379,364	)

Net Realized and Unrealized Loss	$	(6,173,945	)

Net Decrease in Net Assets From Operations	$	(1,891,861	)

See Notes to Financial Statements

Van Kampen California Insured Tax Free Fund

Financial Statements continued

Statements of Changes in Net Assets (Unaudited)


	For The			For The
	Six Months Ended			Year Ended
	March 31, 2009			September 30, 2008


From Investment Activities:
Operations:
Net Investment Income	$	4,282,084		$	9,731,442
Net Realized Loss		(3,794,581	)		(3,956,090	)
Net Unrealized Depreciation During the Period		(2,379,364	)		(20,412,421	)

Change in Net Assets from Operations		(1,891,861	)		(14,637,069	)


Distributions from Net Investment Income:
Class A Shares		(3,867,724	)		(8,144,888	)
Class B Shares		(232,274	)		(611,219	)
Class C Shares		(207,897	)		(404,734	)
Class I Shares		(25,712	)		(168,886	)

Total Distributions		(4,333,607	)		(9,329,727	)


Net Change in Net Assets from Investment Activities		(6,225,468	)		(23,966,796	)


From Capital Transactions:
Proceeds from Shares Sold		11,574,395			43,010,367
Net Asset Value of Shares Issued Through Dividend Reinvestment		3,410,100			6,834,863
Cost of Shares Repurchased		(25,893,533	)		(54,594,002	)

Net Change in Net Assets from Capital Transactions		(10,909,038	)		(4,748,772	)

Total Decrease in Net Assets		(17,134,506	)		(28,715,568	)
Net Assets:
Beginning of the Period		197,235,336			225,950,904

End of the Period (Including accumulated undistributed net investment income of $708,340 and $759,863, respectively)	$	180,100,830		$	197,235,336

See Notes to Financial Statements

Van Kampen California Insured Tax Free Fund

Financial Highlights (Unaudited)

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


	Six Months
	Ended
	March 31,			Year Ended September 30,
Class A Shares	2009			2008			2007			2006			2005		2004


Net Asset Value, Beginning of the Period	$	15.92		$	17.83		$	18.57		$	18.80		$	18.93	$	18.84

Net Investment Income		0.37	(a)		0.77	(a)		0.72	(a)		0.71	(a)		0.72		0.75
Net Realized and Unrealized Gain/Loss		(0.48	)		(1.94	)		(0.68	)		0.03			0.01		0.06

Total from Investment Operations		(0.11	)		(1.17	)		0.04			0.74			0.73		0.81

Less:
Distributions from Net Investment Income		0.37			0.74			0.71			0.73			0.74		0.72
Distributions from Net Realized Gain		-0-			-0-			0.07			0.24			0.12		-0-

Total Distributions		0.37			0.74			0.78			0.97			0.86		0.72

Net Asset Value, End of the Period	$	15.44		$	15.92		$	17.83		$	18.57		$	18.80	$	18.93


Total Return (b)		–0.66%	*		–6.81%			0.15%			4.14%			3.96%		4.42%
Net Assets at End of the Period (In millions)	$	160.7		$	172.1		$	194.2		$	190.0		$	188.0	$	183.0
Ratio of Expenses to Average Net Assets		0.96%			1.29%			1.16%			0.91%			0.92%		0.89%
Ratio of Net Investment Income to Average Net Assets		4.76%			4.41%			3.91%			3.86%			3.83%		4.00%
Portfolio Turnover		13%	*		34%			37%			31%			25%		16%

Supplemental Ratio:
Ratio of Expenses to Average Net Assets (Excluding Interest and Residual Trust Expenses)		0.95%			0.90%			0.93%			0.91%			0.92%		0.89%


*		Non-annualized

(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 .25% and do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares.

See Notes to Financial Statements

Van Kampen California Insured Tax Free Fund
Financial Highlights (Unaudited) continued

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


	Six Months
	Ended
	March 31,			Year Ended September 30,
Class B Shares	2009			2008			2007			2006			2005			2004


Net Asset Value, Beginning of the Period	$	16.19		$	18.12		$	18.86		$	19.07		$	19.03		$	18.82

Net Investment Income		0.37	(a)		0.78	(a)		0.73	(a)		0.77	(a)		0.79			0.72
Net Realized and Unrealized Gain/Loss		(0.49	)		(1.97	)		(0.69	)		0.02			(0.03	)		0.07

Total from Investment Operations		(0.12	)		(1.19	)		0.04			0.79			0.76			0.79

Less:
Distributions from Net Investment Income		0.37			0.74			0.71			0.76			0.60			0.58
Distributions from Net Realized Gain		-0-			-0-			0.07			0.24			0.12			-0-

Total Distributions		0.37			0.74			0.78			1.00			0.72			0.58

Net Asset Value, End of the Period	$	15.70		$	16.19		$	18.12		$	18.86		$	19.07		$	19.03


Total Return (b)		–0.71%	(c)*		–6.81%	(c)		0.10%	(c)		4.40%	(c)		4.10%	(c)		4.29%	(c)
Net Assets at End of the Period (In millions)	$	9.0		$	11.2		$	17.2		$	25.3		$	33.7		$	41.1
Ratio of Expenses to Average Net Assets		0.97%	(c)		1.30%	(c)		1.17%	(c)		0.69%	(c)		0.81%	(c)		1.09%	(c)
Ratio of Net Investment Income to Average Net Assets		4.75%	(c)		4.38%	(c)		3.90%	(c)		4.08%	(c)		3.96%	(c)		3.80%	(c)
Portfolio Turnover		13%	*		34%			37%			31%			25%			16%

Supplemental Ratio:
Ratio of Expenses to Average Net Assets (Excluding Interest and Residual Trust Expenses)		0.95%	(c)		0.90%	(c)		0.93%	(c)		0.69%	(c)		0.81%	(c)		1.09%	(c)


*		Non-Annualized

(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)		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 7).

See Notes to Financial Statements

Van Kampen California Insured Tax Free Fund
Financial Highlights (Unaudited) continued

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


	Six Months
	Ended
	March 31,			Year Ended September 30,
Class C Shares	2009			2008			2007			2006			2005			2004


Net Asset Value, Beginning of the Period	$	15.94		$	17.84		$	18.58		$	18.81		$	18.93		$	18.82

Net Investment Income		0.30	(a)		0.66	(a)		0.58	(a)		0.57	(a)		0.59			0.61
Net Realized and Unrealized Gain/Loss		(0.48	)		(1.95	)		(0.68	)		0.03			0.01			0.08

Total from Investment Operations		(0.18	)		(1.29	)		(0.10	)		0.60			0.60			0.69

Less:
Distributions from Net Investment Income		0.31			0.61			0.57			0.59			0.60			0.58
Distributions from Net Realized Gain		-0-			-0-			0.07			0.24			0.12			-0-

Total Distributions		0.31			0.61			0.64			0.83			0.72			0.58

Net Asset Value, End of the Period	$	15.45		$	15.94		$	17.84		$	18.58		$	18.81		$	18.93


Total Return (b)		–1.07%	*		–7.40%	(c)		–0.57%	(c)		3.36%			3.26%	(c)		3.75%	(c)
Net Assets at End of the Period (In millions)	$	10.3		$	10.6		$	10.7		$	9.9		$	12.0		$	12.6
Ratio of Expenses to Average Net Assets		1.76%			1.90%	(c)		1.88%	(c)		1.66%			1.61%	(c)		1.59%	(c)
Ratio of Net Investment Income to Average Net Assets		3.96%			3.82%	(c)		3.19%	(c)		3.11%			3.15%	(c)		3.30%	(c)
Portfolio Turnover		13%	*		34%			37%			31%			25%			16%

Supplemental Ratio:
Ratio of Expenses to Average Net Assets (Excluding Interest and Residual Trust Expenses)		1.74%			1.51%	(c)		1.65%	(c)		1.66%			1.61%	(c)		1.59%	(c)


*		Non-Annualized

(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)		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 7).

See Notes to Financial Statements

Van Kampen California Insured Tax Free Fund
Financial Highlights (Unaudited) continued

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


	Six Months												August 12, 2005
	Ended												(Commencement of
	March 31,			Year Ended September 30,									Operations) to
Class I Shares	2009			2008			2007			2006			September 30, 2005


Net Asset Value, Beginning of the Period	$	15.91		$	17.82		$	18.57		$	18.80		$	18.87

Net Investment Income		0.38	(a)		0.81	(a)		0.76	(a)		0.74	(a)		0.09
Net Realized and Unrealized Gain/Loss		(0.47	)		(1.94	)		(0.69	)		0.05			(0.06	)

Total from Investment Operations		(0.09	)		(1.13	)		0.07			0.79			0.03

Less:
Distributions from Net Investment Income		0.39			0.78			0.75			0.78			0.10
Distributions from Net Realized Gain		-0-			-0-			0.07			0.24			-0-

Total Distributions		0.39			0.78			0.82			1.02			0.10

Net Asset Value, End of the Period	$	15.43		$	15.91		$	17.82		$	18.57		$	18.80


Total Return (b)		–0.54%	*		–6.57%			0.35%			4.40%			0.17%	*
Net Assets at End of the Period (In millions)	$	0.1		$	3.4		$	3.9		$	3.9		$	2.6
Ratio of Expenses to Average Net Assets		0.69%			1.04%			0.91%			0.66%			0.73%
Ratio of Net Investment Income to Average Net Assets		4.83%			4.65%			4.16%			4.11%			4.03%
Portfolio Turnover		13%	*		34%			37%			31%			25%

Supplemental Ratio:
Ratio of Expenses to Average Net Assets (Excluding Interest and Residual Trust Expenses)		0.68%			0.65%			0.68%			0.66%			0.73%


*		Non-Annualized

(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 of Fund shares.

See Notes to Financial Statements

Van Kampen California Insured Tax Free Fund

Notes to Financial Statements n March 31, 2009 (Unaudited)

1. Significant Accounting Policies

Van Kampen California Insured Tax Free Fund (the “Fund”) is organized as a series of the Van Kampen Tax Free 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 provide only California investors with a high level of current income exempt from federal and California income taxes, with liquidity and safety of principal, primarily through investment in a diversified portfolio of insured California municipal securities. The Fund commenced investment operations on December 13, 1985. 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.

Van Kampen California Insured Tax Free Fund
Notes to Financial Statements n March 31, 2009 (Unaudited) continued


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.

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


	Investments in
Valuation Inputs	Securities

Level 1—Quoted Prices	$	-0-
Level 2—Other Significant Observable Inputs		186,184,878
Level 3—Significant Unobservable Inputs		-0-

Total	$	186,184,878

B. 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 purchase and sell securities on a “when-issued” or “delayed delivery” basis, with settlement to occur at a later date. The value of the security so purchased is subject to market fluctuations during this period. The Fund will segregate assets with the custodian having an aggregate value at least equal to the amount of the when-issued or delayed delivery purchase commitments until payment is made. At March 31, 2009, the Fund had no when-issued and delayed delivery purchase commitments.

D. 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 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 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 four-year period ended September 30, 2008, remains subject to examination by taxing authorities.

Van Kampen California Insured Tax Free Fund
Notes to Financial Statements n March 31, 2009 (Unaudited) continued

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 September 30, 2008, the Fund had an accumulated capital loss carryforward for tax purposes of $848,657, which will expire on September 30, 2016.

At March 31, 2009, the cost and related gross unrealized appreciation and depreciation are as follows:


Cost of investments for tax purposes	$	194,385,399

Gross tax unrealized appreciation	$	1,947,661
Gross tax unrealized depreciation		(16,318,180	)

Net tax unrealized depreciation on investments	$	(14,370,519	)

The tax character of distributions paid during the year ended September 30, 2008 was as follows:


Distributions paid from:
Ordinary income	$	2,137
Tax exempt income		9,385,056
Long-term capital gain		-0-

	$	9,387,193

As of September 30, 2008, the components of distributable earnings on a tax basis were as follows:


Undistributed ordinary income	$	598
Undistributed tax-exempt income		1,075,410

Net realized gains or losses may differ for financial reporting and tax purposes as a result of the deferral of losses relating to wash sales transactions and gains or losses recognized on securities for tax purposes but not for book.

F. Floating Rate Note Obligations Related to Securities Held The Fund enters into transactions in which it transfers to dealer trusts fixed rate bonds in exchange for cash and residual interest in the dealer trusts’ assets and cash flows, which are in the form of inverse floating rate investments. The dealer trusts fund the purchases of the fixed rate bonds by issuing floating rate notes to third parties and allowing the Fund to retain residual interests in the bonds. The Fund enters into shortfall agreements with the dealer trusts, which commit the Fund to pay the dealer trusts, in certain circumstances, the difference between the liquidation value of the fixed rate bonds held by the dealer trusts and the liquidation value of the floating rate notes held by third parties, as well as any shortfalls in interest cash flows. The residual interests held by the Fund (inverse floating rate investments) include the right of the Fund

Van Kampen California Insured Tax Free Fund
Notes to Financial Statements n March 31, 2009 (Unaudited) continued

(1) to cause the holders of the floating rate notes to tender their notes at par at the next interest rate reset date, and (2) to transfer the municipal bond from the dealer trusts to the Fund, thereby collapsing the dealer trusts. The Fund accounts for the transfer of bonds to the dealer trusts as secured borrowings, with the securities transferred remaining in the Fund’s investments assets, and the related floating rate notes reflected as Fund liabilities under the caption “Floating Rate Note Obligations” on the Statement of Assets and Liabilities. The Fund records the interest income from the fixed rate bonds under the caption “Interest” and records the expenses related to floating rate note obligations and any administrative expenses of the dealer trusts under the caption “Interest and Residual Trust Expenses” in the Fund’s

Statement of Operations. The notes issued by the dealer trust have interest rates that reset weekly and the floating rate note holders have the option to tender their notes to the dealer trusts for redemption at par at each reset date. At March 31, 2009, Fund investments with a value of $10,506,783 are held by the dealer trusts and serve as collateral for the $6,170,000 in floating rate notes outstanding at that date. Contractual maturities of the floating rate notes and interest rates in effect at March 31, 2009 are presented on the Portfolio of Investments. The average floating rate notes outstanding and average annual interest and fee rate related to residual interests during the six months ended March 31, 2009 were $6,476,527 and 0.48%, respectively.

G. Insurance Expense The Fund typically invests in insured bonds. Any portfolio securities not specifically covered by a primary insurance policy are insured secondarily through the Fund’s portfolio insurance policy. Insurance premiums are based on the daily balances of uninsured bonds in the portfolio of investments and are charged to expense on an accrual basis. The insurance policy guarantees the timely payment of principal and interest on the securities in the Fund’s portfolio.

H. Credits Earned on Cash Balances During the six months ended March 31, 2009, the Fund’s custody fee was reduced by $1,350 as a result of credits earned on cash balances.

2. Investment Advisory Agreement and Other Transactions with Affiliates


Average Daily Net Assets	% Per Annum

First $100 million		0.500%
Next $150 million		0.450%
Next $250 million		0.425%
Over $500 million		0.400%

For the six months ended March 31, 2009, the Fund recognized expenses of approximately $9,600 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

Van Kampen California Insured Tax Free Fund
Notes to Financial Statements n March 31, 2009 (Unaudited) continued

fund. For the six months ended March 31, 2009, the Fund recognized expenses of approximately $28,200 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 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 six months ended March 31, 2009, the Fund recognized expenses of approximately $18,600 representing transfer agency fees paid to VKIS and its affiliates. The 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 directors 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 $86,100 are included in “Other” assets on the Statement of Assets and Liabilities at March 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 six months ended March 31, 2009, Van Kampen, as Distributor for the Fund, received commissions on sales of the Fund’s Class A Shares of approximately $17,900 and contingent deferred sales charge (CDSC) on redeemed shares of approximately $9,000. Sales charges do not represent expenses of the Fund.

At March 31, 2009, Morgan Stanley Investment Management Inc., an affiliate of the Adviser, owned 569 shares of Class I.

Van Kampen California Insured Tax Free Fund
Notes to Financial Statements n March 31, 2009 (Unaudited) continued

3. Capital Transactions

For the six months ended March 31, 2009 and the year ended September 30, 2008, transactions were as follows:


	For The						For The
	Six Months Ended						Year Ended
	March 31, 2009						September 30, 2008
	Shares			Value			Shares			Value

Sales:
Class A		624,232		$	9,603,214			2,119,191		$	36,796,398
Class B		32,779			515,285			43,984			777,087
Class C		85,925			1,302,608			277,876			4,876,385
Class I		10,531			153,288			32,077			560,497

Total Sales		753,467		$	11,574,395			2,473,128		$	43,010,367


Dividend Reinvestment:
Class A		199,655		$	3,066,549			346,261		$	5,937,353
Class B		11,719			183,102			25,756			450,475
Class C		8,781			134,958			16,241			278,547
Class I		1,670			25,491			9,819			168,488

Total Dividend Reinvestment		221,825		$	3,410,100			398,077		$	6,834,863


Repurchases:
Class A		(1,228,796	)	$	(18,689,585	)		(2,546,725	)	$	(44,026,124	)
Class B		(158,683	)		(2,485,616	)		(328,640	)		(5,783,087	)
Class C		(88,338	)		(1,321,079	)		(228,227	)		(3,972,696	)
Class I		(220,851	)		(3,397,253	)		(46,673	)		(812,095	)

Total Repurchases		(1,696,668	)	$	(25,893,533	)		(3,150,265	)	$	(54,594,002	)

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 the six months ended March 31, 2009, the Fund received redemption fees of approximately $1,200 which are reported as part of “Cost of Shares Repurchased” on the Statement of Changes of 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, were $23,302,365 and $36,394,150, 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.

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 and to manage

Van Kampen California Insured Tax Free Fund
Notes to Financial Statements n March 31, 2009 (Unaudited) continued

A. Futures Contracts A futures contract is an agreement involving the delivery of a particular asset on a specified future date at an agreed upon price. The Fund generally invests in futures on U.S. Treasury Notes and typically closes the contract prior to the delivery date. 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). The risk of loss associated with a futures contract is in excess of the variation margin reflected on the Statement of Assets and Liabilities.

There were no transactions in futures contracts for the six months ended March 31, 2009.

7. Distribution and Service Plans

The amount of distribution expenses incurred by the Distributor and not yet reimbursed (“unreimbursed receivable”) was approximately $0 for Class B and $1,300 for Class C Shares. These amounts may be recovered from future payments under the distribution plan or CDSC.

Van Kampen California Insured Tax Free Fund
Notes to Financial Statements n March 31, 2009 (Unaudited) continued

To the extent the unreimbursed receivable has been fully recovered, the distribution fee is reduced.

8. Indemnifications

9. Accounting Pronouncements

Van Kampen California Insured Tax Free 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 333 West Wacker Drive Chicago, Illinois 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 California Insured Tax Free

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 annually.

We Respect Your Privacy

1. What Personal Information Do We Collect About You?


	•	We collect information such as your name, address, e-mail address, phone number and account title.

(continued on next page)

Van Kampen California Insured Tax Free
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?

(continued on next page)

Van Kampen California Insured Tax Free
An Important Notice Concerning Our
U.S. Privacy Policy continued

3. How Do We Protect the Security and Confidentiality of Personal Information We Collect About You?

4. How Can You Limit the Sharing of Certain Types of Personal Information With Affiliated Companies?

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

(continued on next page)

Van Kampen California Insured Tax Free
An Important Notice Concerning Our
U.S. Privacy Policy continued

If you wish to opt-out of sharing and to limit marketing offers, you may do so by:


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

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

SPECIAL NOTICE TO RESIDENTS OF VERMONT

(continued on back)

Van Kampen California Insured Tax Free
An Important Notice Concerning Our
U.S. Privacy Policy continued

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

Van Kampen Funds Inc.

522 Fifth Avenue

New York, New York 10036

www.vankampen.com

41, 341, 541, 641

CAISAN 5/09

IU09-02153P-Y03/09

Welcome, Shareholder

In this report, you’ll learn about how your investment in Van Kampen Municipal Income Fund performed during the semiannual 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 March 31, 2009.

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 that the value of the fund shares may therefore be less than what you paid for them. Accordingly, you can lose money investing in this fund.

Income may subject certain individuals to the federal Alternative Minimum Tax (AMT).

Performance Summary as of 3/31/09

A Shares

B Shares

C Shares

I Shares

since 8/1/90

since 8/24/92

since 8/13/93

since 8/12/05

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

4.51

4.24

3.28

2.42

–1.28

10-year

2.02

1.53

1.40

1.26

—

5-year

–0.23

–1.20

–0.96

–1.21

–0.96

—

1-year

–8.21

–12.57

–8.85

–12.31

–8.86

–9.73

–7.97

6-month

–3.42

–8.00

–3.72

–7.46

–3.72

–4.66

–3.29

30-Day SEC Yield

5.33

4.85%

4.84%

5.85%

Gross Expense Ratio

1.41%

2.17%

1.16%

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 six), 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. The since inception and 10-year returns for Class B shares reflect the conversion of Class B shares into Class A shares eight years after purchase. 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. Periods of less than a year are not annualized.

SEC yield is a calculation for determining the amount of portfolio income, excluding non-income items as prescribed by the SEC. Yields are subject to change.

Fund Report

For the six-month period ended March 31, 2009

Market Conditions

Not surprisingly in this risk-averse environment, the lower-rated segment of the market underperformed, with high-yield municipal bonds (those rated below triple-B or non-rated issues) returning -21.25 percent for the fourth quarter (as measured by the Barclays Capital High Yield Municipal Bond Index) while triple-B rated issues returned -14.68 percent and triple-A rated issues returned 3.44 percent (as measured by the Barclays Capital Municipal Bond Index).

Performance Analysis

All share classes of Van Kampen Municipal Income Fund underperformed the Barclays Capital Municipal Bond Index (the “Index”) for the six months ended March 31, 2009, assuming no deduction of applicable sales charges.

Total returns for the six-month period ended March 31, 2009

Barclays Capital

Municipal Bond

Class A

Class B

Class C

Class I

Index

–3.42

–3.72

–3.29

5.00

The primary detractors from the Fund’s performance included holdings in triple-B and non-rated municipal bonds. The Fund maintained an overweight allocation in these issues relative to the Index (which does not include non-rated securities), which hindered performance as the lower-quality segment of the market underperformed the higher-quality segment for the overall reporting period. The Fund also held an overweight relative to the Index in the health care sector. This positioning was disadvantageous given the sector’s strong performance, particularly in the first quarter of 2009. The Fund’s greater relative emphasis on the long end of the municipal yield curve, specifically securities with maturities of 22 years or more, was detrimental as well given the underperformance of this segment of the curve.

Other positions, however, were additive to relative performance. The Fund held an overweight relative to the Index in housing bonds. This positioning helped enhance returns as the sector enjoyed strong gains in the first quarter of this year. The Fund’s significant position in municipal auction rate securities with zero durations (a measure of interest-rate sensitivity) was beneficial as the yield on these securities remained well above those of comparable money market instruments.

Over the course of the reporting period, we reduced the portfolio’s exposure to the tobacco sector due to a declining fundamental outlook, shortened the portfolio’s duration, and in 2009, focused on selling weaker credits into strong retail demand. We continue to be invested in municipal auction rate securities. This book of weekly auctioned paper had an average yield of approximately five percent in the first quarter of 2009. We anticipate having a variety of

opportunities in the coming months to invest these short-term holdings at yields higher than what we have seen in the past several years.

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.


Ratings Allocation as of 3/31/09 (Unaudited)

AAA/Aaa	22.9	%
AA/Aa	29.8
A/A	11.0
BBB/Baa	17.2
BB/Ba	1.0
Non-Rated	18.1


Top 5 Sectors as of 3/31/09 (Unaudited)

Hospital	22.0	%
Single-Family	7.5
Life Care	7.3
Bridge, Tunnel & Toll Road	6.5
General Purpose	6.5


Summary of Investments by State Classification as of 3/31/09 (Unaudited)

California	11.6	%
Illinois	11.5
Texas	8.3
Florida	6.3
New York	5.7
Ohio	5.6
New Jersey	5.5
Colorado	5.1
Wisconsin	4.2
Missouri	4.0
Arizona	3.9
District of Columbia	3.1
Michigan	2.8
Utah	2.6
Maryland	1.8
Kentucky	1.7
Alabama	1.7
Iowa	1.6
Minnesota	1.5
South Carolina	1.4
Washington	1.2
Indiana	1.1
Alaska	1.1
Tennessee	1.1
Oklahoma	1.1
Louisiana	1.0
Idaho	0.9
Kansas	0.9
Hawaii	0.9
Virginia	0.9
Pennsylvania	0.9
New Hampshire	0.8
Massachusetts	0.7
Georgia	0.6
Rhode Island	0.5
Nevada	0.5

(continued on next page)


Summary of Investments by State Classification as of 3/31/09 (Unaudited)
(continued from previous page)

North Carolina	0.4	%
Wyoming	0.4
North Dakota	0.3
Nebraska	0.3
Mississippi	0.3
West Virginia	0.3
Vermont	0.2
South Dakota	0.2
New Mexico	0.2
Oregon	0.2
Connecticut	0.1
Delaware	0.1

Total Long-Term Investments	107.1
Total Short-Term Investments	0.8

Total Investments	107.9
Liability for Floating Rate Note Obligations Related to Securities Held	(7.3	)

Total Net Investments	100.6
Liabilities in Excess of Other Assets	(0.6	)

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 sectors shown above. Ratings allocations and sectors are as a percentage of total investments. Summary of investments by state classification is as a percentage of net assets. Securities are classified by sectors that represent broad groupings of related industries. 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. Ratings allocation based upon ratings as issued by Standard and Poor’s and Moody’s, respectively.

For More Information About Portfolio Holdings

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

Householding Notice

Proxy Voting Policy and Procedures and Proxy Voting Record

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 Class 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 10/1/08 - 3/31/09.

Actual Expense

Hypothetical Example for Comparison Purposes


	Beginning		Ending		Expenses Paid
	Account Value		Account Value		During Period*

	10/1/08		3/31/09		10/1/08-3/31/09

Class A
Actual	$	1,000.00	$	965.80	$	5.00
Hypothetical		1,000.00		1,019.85		5.14
(5% annual return before expenses)

Class B
Actual		1,000.00		962.84		8.71
Hypothetical		1,000.00		1,016.06		8.95
(5% annual return before expenses)

Class C
Actual		1,000.00		962.79		8.66
Hypothetical		1,000.00		1,016.11		8.90
(5% annual return before expenses)

Class I
Actual		1,000.00		967.07		3.87
Hypothetical		1,000.00		1,020.99		3.98
(5% annual return before expenses)


*		Expenses are equal to the Fund’s annualized expense ratio of 1.02%, 1.78%, 1.77% and 0.79% for Class A, B, C and I Shares, respectively, multiplied by the average account value over the period, multiplied by 182/365 (to reflect the one-half year period).

Assumes all dividends and distributions were reinvested.

The following table shows what expenses a shareholder would have paid, excluding interest and residual trust expenses.


	Beginning		Ending		Expenses Paid
	Account Value		Account Value		During Period*

	10/1/08		3/31/09		10/1/08-3/31/09

Class A
Actual	$	1,000.00	$	965.80	$	4.41
Hypothetical		1,000.00		1,020.44		4.53
(5% annual return before expenses)

Class B
Actual		1,000.00		962.84		8.07
Hypothetical		1,000.00		1,016.70		8.30
(5% annual return before expenses)

Class C
Actual		1,000.00		962.79		8.07
Hypothetical		1,000.00		1,016.70		8.30
(5% annual return before expenses)

Class I
Actual		1,000.00		967.07		3.24
Hypothetical		1,000.00		1,021.64		3.33
(5% annual return before expenses)


*		Expenses are equal to the Fund’s annualized expense ratio of 0.90%, 1.65%, 1.65% and 0.66% for Class A, B, C and I Shares, respectively, multiplied by the average account value over the period, multiplied by 182/365 (to reflect the one-half year period).

Assumes all dividends and distributions were reinvested.

Van Kampen Municipal Income Fund

Portfolio of Investments n March 31, 2009 (Unaudited)


Par
Amount
(000)		Description	Coupon			Maturity	Value


		Municipal Bonds 107.1% Alabama 1.7%
$	3,265	Cullman, AL Cullman Med Pk South Med Clinic Brd Rev Cullman Regl Med Ctr, Ser A		6.500	%	02/15/13	$	3,256,413
	3,000	Hlthcare Auth for Baptist Hlth AL, Ser B (AGL Insd) (a) (b)		4.000		11/15/37		3,000,000
	900	Huntsville Redstone Vlg, AL Spl Care Fac Fin Auth Redstone Vlg Proj		5.500		01/01/43		519,228
	3	Mobile, AL Indl Dev Brd Solid Waste Disp Rev Mobile Energy Svc Co Proj Rfdg (c)		6.950		01/01/20		277
	3,000	University AL at Birmingham Hosp Rev, Ser A (b)		5.750		09/01/22		3,011,730

								9,787,648

		Alaska 1.1%
	200	Alaska Muni Bd Bk, Ser 1		5.750		09/01/33		202,454
	5,000	Matanuska Susitna Boro, AK Goose Creek Correctional Ctr (AGL Insd)		6.000		09/01/28		5,339,100
	2,000	Northern Tob Sec Corp Rev Bkd, Ser A		5.000		06/01/46		1,004,360

								6,545,914

		Arizona 3.9%
	1,000	Flagstaff, AZ Indl Dev Auth Rev Sr Living Cmnty Northn AZ Rfdg		5.700		07/01/42		619,760
	7,000	Glendale, AZ Indl Dev Auth Rfdg		5.000		12/01/35		4,880,960
	1,000	Phoenix, AZ Civic Impt Corp Arpt Rev Sr Lien, Ser B (AMT)		5.250		07/01/19		960,460
	5,000	Phoenix, AZ Civic Impt Corp Arpt Rev Sr Lien, Ser B (FGIC Insd) (AMT)		5.250		07/01/32		4,276,500
	815	Pima Cnty, AZ Indl Dev Auth Wtr & Waste Wtr Rev Global Wtr Resh LLC Proj (AMT)		6.375		12/01/18		689,148
	1,600	Pima Cnty, AZ Indl Dev Auth Wtr & Waste Wtr Rev Global Wtr Resh LLC Proj (AMT)		6.550		12/01/37		1,091,680
	550	Pinal Cnty, AZ Elec Dist 4 Elec Sys Rev		6.000		12/01/23		476,195
	740	Pinal Cnty, AZ Elec Dist 4 Elec Sys Rev		6.000		12/01/28		616,435
	6,000	Salt River Proj AZ Agric Imp, Ser A		5.000		01/01/39		5,953,620
	1,600	Scottsdale, AZ Indl Dev Auth Hosp Rev Hlthcare Rfdg		5.250		09/01/30		1,335,680
	2,750	University of AZ Med Ctr Corp		5.000		07/01/35		2,024,055

								22,924,493

		California 11.6%
	4,870	Anaheim, CA Pub Fin Auth Lease Rev Cap Apprec Sub Pub Impt Proj, Ser C (FSA Insd)		*		09/01/20		2,618,355
	3,620	Bay Area Toll Auth CA Toll Brdg Rev SF Bay Area, Ser F1		5.000		04/01/39		3,411,198
	2,000	Beverly Hills, CA Uni Sch Dist Cap Apprec 2008 Election		*		08/01/27		734,400
	2,000	Beverly Hills, CA Uni Sch Dist Cap Apprec 2008 Election		*		08/01/28		686,240

See Notes to Financial Statements

Van Kampen Municipal Income Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity	Value


		California (Continued)
$	1,875	California Cnty, CA Tob Agy Tob Sec Sonoma Cnty Corp Rfdg		5.250	%	06/01/45	$	969,000
	2,000	California Cnty, CA Tob Sec Agy Tob LA Cnty Sec (d)		0/5.250		06/01/21		1,284,860
	6,690	California Hsg Fin Agy Rev Home Mtg, Ser I (AMT) (e)		4.800		08/01/36		5,031,516
	2,000	California Pollutn Ctl Fin Auth Solid Waste Disp Rev Waste Svc Inc Rfdg, Ser A (AMT) (b)		4.500		06/01/18		1,951,640
	2,000	California St Var Purp (f)		5.750		04/01/31		1,973,000
	1,250	California Statewide Cmnty Dev Auth Rev CA Baptist Univ, Ser A		5.500		11/01/38		733,388
	1,000	California Statewide Cmnty Dev Auth Rev Front Porch Cmnty & Svc, Ser A (g)		5.125		04/01/37		628,020
	2,000	California Statewide Cmnty Dev Auth Rev Mtg Methodist Hosp Proj (FHA Gtd)		6.250		08/01/24		2,068,240
	2,250	California Statewide Cmnty Dev Auth Rev Windrush Sch (c)		5.500		07/01/37		1,329,233
	1,610	Desert Hot Springs, CA Redev Agy Tax Alloc Merged Redev Proj, Ser A2		5.000		09/01/23		1,318,606
	3,000	Foothill/Eastern Corridor Agy CA Toll Rd Rev Cap Apprec Rfdg (NATL Insd)		*		01/15/17		1,565,760
	21,000	Foothill/Eastern Corridor Agy CA Toll Rd Rev Cap Apprec Rfdg		*		01/15/24		5,455,590
	15,000	Foothill/Eastern Corridor Agy CA Toll Rd Rev Cap Apprec Rfdg		*		01/15/30		2,083,350
	6,000	Golden St Tob Securitization, Ser A–1		5.750		06/01/47		3,369,000
	2,000	Hesperia, CA Pub Fin Auth Rev Redev & Hsg Proj, Ser A (Syncora Gtd)		5.000		09/01/37		1,365,220
	3,000	Los Angeles, CA Uni Sch Dist, Ser I		5.000		07/01/29		2,867,310
	2,000	Los Angeles, CA Wtr & Pwr Rev Pwr Sys Sub, Ser A–1		5.250		07/01/38		1,996,860
	2,600	Palomar Pomerado Hlthcare Dist CA Ctf Partn, Ser C (FSA Insd) (a) (b)		6.000		11/01/36		2,600,000
	2,750	Poway, CA Uni Sch Dist Election 2008 Impt Dist 2007, Ser 1-A		*		08/01/23		1,212,282
	1,000	Poway, CA Uni Sch Dist Election 2008 Impt Dist 2007, Ser 1-A		*		08/01/26		353,510
	1,650	Quechan Indian Tribe Ft Yuma Indian Reservation CA & Govt Proj		7.000		12/01/27		1,138,252
	5,000	Tobacco Sec Auth Southn CA Tob Settlement Sr, Ser A–1		5.000		06/01/37		2,589,000
	1,600	Turlock, CA Hlth Fac Rev Emanuel Med Ctr Inc		5.375		10/15/34		1,002,144
	2,295	University CA Rev, Ser 0 (e)		5.750		05/15/23		2,531,763
	3,390	University CA Rev, Ser 0 (e)		5.750		05/15/25		3,665,404

See Notes to Financial Statements

Van Kampen Municipal Income Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity	Value


		California (Continued)
$	5,000	Vernon, CA Nat Gas Fin Auth Rev Vernon Gas Proj, Ser C (NATL Insd) (a) (b)		7.500	%	08/01/21	$	5,000,000
	5,000	West Contra Costa CA Uni Election of 2002, Ser B (FSA Insd)		5.000		08/01/26		5,040,850

								68,573,991

		Colorado 5.1%
	2,840	Adams Cnty, CO Single Family Mtg Rev, Ser A (h)		8.875		08/01/10		3,142,034
	5,000	Arapahoe Cnty, CO Wtr & Waste Proj, Ser A (NATL Insd)		5.125		12/01/32		4,696,500
	5,000	Colorado Ed & Cultural Fac Auth Rev Impt Charter Sch Peak to Peak Rfdg (Syncora Gtd)		5.250		08/15/34		4,105,050
	3,000	Colorado Hlth Fac Auth Rev Amern Baptist Home, Ser A		5.900		08/01/37		1,870,620
	1,000	Colorado Hlth Fac Auth Rev Evangelical Lutheran, Ser A		5.250		06/01/34		754,640
	5,000	Colorado Hlth Fac Auth Rev Poudre Vly CO Hlth Fac Auth Hosp, Ser A (FSA Insd)		5.200		03/01/31		4,404,800
	6,000	Denver, CO City & Cnty Justice Sys (e)		5.000		08/01/24		6,404,430
	1,500	Denver, CO City & Cnty Justice Sys (e)		5.000		08/01/25		1,586,325
	2,000	Lincoln Pk, CO Metro Dist Rfdg & Impt		6.200		12/01/37		1,528,020
	500	Montezuma Cnty, CO Hosp Dist Hlth Fac Enterprise Hosp Rfdg (c)		5.900		10/01/37		319,770
	1,830	North Range Metro Dist No 2 CO Ltd Tax		5.500		12/15/27		1,034,847

								29,847,036

		Connecticut 0.1%
	1,000	Connecticut St Dev Auth Hlth Fac Rev Alzheimers Res Ctr Conn Inc Proj		5.500		08/15/27		638,280


		Delaware 0.1%
	630	New Castle Cnty, DE Rev Newark Charter Sch Inc Proj		5.000		09/01/22		463,806


		District of Columbia 3.1%
	1,715	District Columbia Income Tax Rev Rfdg Second, Ser B (e)		5.000		12/01/24		1,768,131
	4,285	District Columbia Income Tax Rev, Ser A (e)		5.000		12/01/23		4,461,755
	5,150	District Columbia Tax Incrmnt Gallery Place Proj (FSA Insd)		5.250		07/01/27		5,186,256
	4,000	District Columbia Wtr & Swr Auth Pub Util Rev Sub Lien, Ser A (FSA Insd)		5.500		10/01/41		4,043,280
	3,000	Metropolitan Washington DC Arpt Auth Sys, Ser A (NATL Insd) (AMT)		5.250		10/01/32		2,694,150

								18,153,572

See Notes to Financial Statements

Van Kampen Municipal Income Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity	Value


		Florida 6.3%
$	1,000	Alachua Cnty, FL Indl Dev Rev North FL Retirement Vlg		5.250	%	11/15/17	$	818,450
	1,000	Alachua Cnty, FL Indl Dev Rev North FL Retirement Vlg		5.875		11/15/36		662,200
	5,000	Broward Cnty, FL Arpt Sys Rev, Ser J-I (AMBAC Insd) (AMT)		5.250		10/01/26		4,487,200
	1,100	Capital Tr Agy FL Rev Ft Lauderdale Proj (AMT)		5.750		01/01/32		718,905
	480	Escambia Cnty, FL Hlth Fac Auth Rev (AMBAC Insd)		5.950		07/01/20		490,094
	2,410	Fiddlers Creek Cmnty Dev Dist No 1 FL Spl Assmt Rev (c)		6.000		05/01/38		1,489,380
	3,715	Florida St Brd Ed Pub Ed Rfdg Cap Outlay 2007, Ser A		5.000		06/01/19		4,011,568
	1,305	Florida St Tpk Auth Tpk Rev Rfdg Dept Trans, Ser A (e)		5.000		07/01/26		1,300,426
	1,325	Florida St Tpk Auth Tpk Rev Rfdg Dept Trans, Ser A (e)		5.000		07/01/27		1,309,286
	1,440	Florida St Tpk Auth Tpk Rev Rfdg Dept Trans, Ser A (e)		5.000		07/01/28		1,411,992
	2,500	Florida St Tpk Auth Tpk Rev Rfdg Dept Trans, Ser A (e)		5.000		07/01/32		2,381,000
	5,000	Grand Bay at Doral Cmnty Dev Dist FL, Ser B		6.000		05/01/17		3,462,950
	470	Halifax Hosp Med Ctr FL Hosp Rev Impt Rfdg, Ser A		5.250		06/01/26		387,092
	1,000	Main Str Cmnty Dev Dist FL Cap Impt Rev, Ser B (Acquired 2/19/08, Cost $1,000,000) (j)		6.900		05/01/17		792,380
	2,000	Miami-Dade Cnty, FL Ed Fac Auth Rev Univ Miami, Ser A (BHAC Insd)		5.500		04/01/38		2,031,320
	1,750	Orange Cnty, FL Hlth Fac Auth Rev First Mtg Orlando Lutheran Tower		5.500		07/01/38		1,011,203
	3,000	Orange Cnty, FL Hlth Fac Auth Rev Hosp Adventist Hlth Sys (FSA Insd)		6.000		11/15/22		3,003,030
	800	Palm Beach Cnty, FL Hlth Fac Auth Rev Wtrford Proj		5.875		11/15/37		581,256
	2,200	Putnam Cnty, FL Dev Auth Pollutn Ctl Rev Rfdg Seminole Proj, Ser A (AMBAC Insd) (b)		5.350		03/15/42		2,179,804
	495	Reunion East Cmnty Dev Dist FL Spl Assmt		5.800		05/01/36		250,628
	3,000	Seminole Tribe, FL Spl Oblig Rev, Ser A (g)		5.250		10/01/27		2,036,820
	1,415	Seven Oaks, FL Cmnty Dev Dist II Spl Assmt Rev, Ser A		6.400		05/01/34		1,141,226
	400	Tolomato Cmnty, FL Dev Dist Spl Assmt		6.550		05/01/27		285,204
	1,225	Tolomato Cmnty, FL Dev Dist Spl Assmt		6.650		05/01/40		821,497
	985	World Comm Cmnty Dev Dist FL Spl Assmt		5.500		05/01/38		386,613

								37,451,524

See Notes to Financial Statements

Van Kampen Municipal Income Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity	Value



		Georgia 0.6%
$	2,500	Atlanta, GA Tax Allocation Eastside Proj, Ser B		5.600	%	01/01/30	$	1,692,375
	2,000	Putnam Cnty, GA Dev Auth Pollutn Ctl Rev GA Pwr Co, Ser 1		5.100		06/01/23		1,978,000

								3,670,375

		Hawaii 0.9%
	5,125	Hawaii St, Ser DK (e)		5.000		05/01/23		5,415,946


		Idaho 0.9%
	1,000	Idaho Hlth Fac Auth Rev Saint Lukes Hlth Sys Proj, Ser A		6.500		11/01/23		1,054,980
	655	Idaho Hlth Fac Auth Rev Vly Vista Care Corp Rfdg (c)		6.125		11/15/27		454,662
	2,000	Idaho Hsg & Fin Assn Single Family Mtg Rev, Ser A (AMT)		5.750		07/01/39		2,022,220
	2,000	Idaho Hsg & Fin Assn Single Family Mtg Rev, Ser A (AMT)		5.850		07/01/36		2,035,920

								5,567,782

		Illinois 11.5%
	2,250	Bartlett, IL Tax Increment Rev Rfdg Sr Lien Quarry Redev Proj		5.600		01/01/23		1,686,960
	1,500	Bolingbrook, IL Sales Tax Rev Bolingbrook		6.250		01/01/24		870,150
	495	Chicago, IL Increment Alloc Rev Diversey Narragansett Proj (Acquired 8/01/06, Cost $528,323) (j)		7.460		02/15/26		396,099
	3,000	Chicago, IL Lakefront Millennium Pkg Fac (NATL Insd) (Prerefunded @ 1/01/12)		5.650		01/01/19		3,414,990
	690	Chicago, IL Metro Wtr Reclamation Capital Impt Bonds (h)		7.000		01/01/11		737,941
	3,000	Chicago, IL O’Hare Intl Arpt Rev, Ser A (FSA Insd) (e)		5.000		01/01/33		2,879,025
	1,200	Chicago, IL Proj Rfdg, Ser C (NATL Insd)		5.750		01/01/16		1,273,044
	715	Chicago, IL Tax Increment Alloc Santn Drain & Ship Canal, Ser A		7.750		01/01/14		715,265
	1,000	Gilberts, IL Spl Svc Area No 19 Spl Tax, Ser 1 (c)		5.375		03/01/16		548,860
	3,000	Hampshire, IL Spl Svc Area No 17 Spl Tax Crown Dev Proj Oakstead, Ser A		6.000		03/01/45		1,509,360
	1,025	Huntley, IL Increment Alloc Rev Huntley Redev Proj, Ser A		8.500		12/01/15		1,024,692
	5,050	Illinois Dev Fin Auth Pollutn Ctl Rev Amerencips Rfdg, Ser A (b)		5.500		03/01/14		4,643,576
	1,000	Illinois Fin Auth Rev Advocate Hlthcare Network, Ser D		6.500		11/01/38		1,027,540
	2,500	Illinois Fin Auth Rev Art Institute Chicago, Ser A		6.000		03/01/38		2,469,425

See Notes to Financial Statements

Van Kampen Municipal Income Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity	Value


		Illinois (Continued)
$	1,500	Illinois Fin Auth Rev Christian Homes Inc Rfdg, Ser A		5.750	%	05/15/31	$	970,410
	970	Illinois Fin Auth Rev Kewanee Hosp Proj		5.100		08/15/31		556,605
	1,000	Illinois Fin Auth Rev Northwestern Mem Hosp, Ser A (f)		5.375		08/15/24		983,510
	2,000	Illinois Fin Auth Rev Northwestern Mem Hosp, Ser A (f)		5.750		08/15/30		1,969,640
	4,700	Illinois Fin Auth Rev Resurrection Hlthcare (FSA Insd)		5.000		05/15/15		4,924,425
	5,100	Illinois Fin Auth Rev Resurrection Hlthcare (FSA Insd)		5.000		05/15/17		5,268,453
	5,050	Illinois Fin Auth Rev Resurrection Hlthcare (FSA Insd)		5.000		05/15/18		5,156,555
	1,000	Illinois Fin Auth Rev Rfdg Fairview Oblig Grp, Ser A		5.500		08/15/18		795,190
	250	Illinois Fin Auth Rev Rfdg Fairview Oblig Grp, Ser A		6.000		08/15/22		185,940
	1,500	Illinois Fin Auth Rev Rfdg Fairview Oblig Grp, Ser A		6.125		08/15/28		1,042,620
	2,500	Illinois Fin Auth Rev Rush Univ Med Ctr Oblig Grp, Ser A		7.250		11/01/38		2,533,325
	2,000	Illinois Fin Auth Rev Sherman Hlth Sys, Ser 2007-A		5.500		08/01/37		1,309,960
	5,000	Illinois St, Ser 1 (FSA Insd)		5.250		12/01/21		5,191,200
	1,500	Metropolitan Pier & Expo Auth IL Dedicated St Tax McCormick Pl Expn Proj A Rfdg		5.500		06/15/27		1,499,940
	9,250	Metropolitan Pier & Expo Auth IL Dedicated St Tax Rev Cap Apprec McCormick Rfdg (NATL Insd) (d)		0/5.400		06/15/19		8,773,718
	1,655	Pingree Grove Vlg, IL Spl Svc Area No 1 Spl Tax Cambridge Lakes Proj, Ser 05		5.250		03/01/15		1,263,510
	1,500	Plano, IL Spl Svc Area No 6 Spl Tax Lakewood Springs Club Proj		5.800		03/01/37		785,790
	549	Volo Vlg, IL Spl Svc Area No 3 Symphony Meadows Proj, Ser 1		6.000		03/01/36		313,808
	425	Will-Kankakee Regl Dev Auth IL Multi-Family Hsg Rev Sr Estates Supportive Living (AMT)		7.000		12/01/42		311,657
	991	Yorkville, IL Utd City Spl Svc Area Spl Tax No 2004-107 Raintree Vlg IL Proj		6.250		03/01/35		649,868

								67,683,051

		Indiana 1.1%
	1,650	Indiana Hlth & Ed Fac Fin Auth Hosp Rev Cmnty Fndtn Northwest IN		5.500		03/01/37		1,251,558
	500	Indiana Hlth & Ed Fac Fin Auth Hosp Rev Cmnty Fndtn Northwest IN		5.500		03/01/22		446,460

See Notes to Financial Statements

Van Kampen Municipal Income Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity	Value


		Indiana (Continued)
$	1,815	Indiana Hlth Fac Fin Auth Rev Hoosier Care Proj, Ser A (c)		7.125	%	06/01/34	$	1,337,219
	1,500	Indianapolis, IN Arpt Auth Rev Rfdg Spl Fac Fed Ex Corp Proj (AMT)		5.100		01/15/17		1,324,740
	550	Indianapolis, IN Loc Pub Impt Ser D		6.750		02/01/14		613,124
	140	Saint Joseph Cnty, IN Redev Dist Tax Increment Rev, Ser B (c)		*		06/30/11		118,026
	140	Saint Joseph Cnty, IN Redev Dist Tax Increment Rev, Ser B (c)		*		06/30/12		109,309
	135	Saint Joseph Cnty, IN Redev Dist Tax Increment Rev, Ser B (c)		*		06/30/13		97,605
	130	Saint Joseph Cnty, IN Redev Dist Tax Increment Rev, Ser B (c)		*		06/30/14		87,058
	130	Saint Joseph Cnty, IN Redev Dist Tax Increment Rev, Ser B (c)		*		06/30/15		80,627
	135	Saint Joseph Cnty, IN Redev Dist Tax Increment Rev, Ser B (c)		*		06/30/16		77,548
	225	Saint Joseph Cnty, IN Redev Dist Tax Increment Rev, Ser B (c)		*		06/30/17		119,696
	1,500	Vigo Cnty, IN Hosp Auth Rev Union Hosp Inc (g)		5.500		09/01/27		1,042,635

								6,705,605

		Iowa 1.6%
	1,000	Altoona, IA Urban Renewal Tax Increment Rev Annual Appropriation		5.750		06/01/25		896,510
	1,860	Altoona, IA Urban Renewal Tax Increment Rev Annual Appropriation		6.000		06/01/34		1,632,187
	1,125	Coralville, IA Ctf Partn, Ser D		5.250		06/01/26		1,049,512
	1,100	Iowa Fin Auth Hlthcare Fac Rev Madrid Home Proj		5.750		11/15/24		774,444
	2,400	Iowa Fin Auth Hosp Fac Rev Trinity Regl Hosp Proj (FSA Insd)		5.750		07/01/17		2,418,000
	1,000	Jefferson Cnty, IA Hosp Rev Jefferson Cnty Hosp Proj, Ser C		5.950		08/01/37		625,720
	225	Sibley, IA Hlthcare Fac Rev Osceola Cmnty Hosp Proj		6.000		12/01/37		141,091
	1,000	Tobacco Settlement Auth IA Tob Settlement Rev, Ser C		5.375		06/01/38		550,010
	2,500	Tobacco Settlement Auth IA Tob Settlement Rev, Ser C		5.625		06/01/46		1,370,125

								9,457,599

		Kansas 0.9%
	1,000	Burlington, KS Environmental Impt Rev KC Rfdg Pwr LT, Ser B (Syncora Gtd) (b)		5.000		12/01/23		1,010,890
	850	Labette Cnty, KS Hosp Rev Rfdg & Impt, Ser A		5.750		09/01/37		735,947
	3,000	Lenexa, KS Hlthcare Fac Rev Rfdg & Impt		5.500		05/15/39		1,650,360

See Notes to Financial Statements

Van Kampen Municipal Income Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity	Value


		Kansas (Continued)
$	1,600	Manhattan, KS Hlthcare Fac Rev Meadowlark Hills Retirement, Ser A		5.000	%	05/15/24	$	1,174,608
	1,000	Manhattan, KS Hlthcare Fac Rev Meadowlark Hills Retirement, Ser A		5.000		05/15/36		640,460
	400	Manhattan, KS Hlthcare Fac Rev Meadowlark Hills Retirement, Ser B		5.125		05/15/42		251,964

								5,464,229

		Kentucky 1.7%
	3,000	Kentucky Econ Dev Fin Auth Hosp Fac Rev Baptist Hlthcare Sys, Ser A		5.375		08/15/24		3,028,320
	1,000	Kentucky Econ Dev Fin Auth Hosp Fac Rev Baptist Hlthcare Sys, Ser A		5.625		08/15/27		1,012,470
	4,000	Kentucky Econ Dev Fin Auth Louisville Arena Proj Rev Sub, Ser A–1 (AGL Insd)		6.000		12/01/33		4,067,240
	2,000	Paducah, KY Elec Plant Brd Rev, Ser A (AGL Insd)		5.250		10/01/35		1,988,660

								10,096,690

		Louisiana 1.0%
	500	Colonial Pinnacle Cmnty Dev Dist Dev		6.750		05/01/23		351,025
	1,367	Lakeshore Vlg Master Cmnty Dev Dist LA Spl Assmt		5.250		07/01/17		1,043,841
	1,000	New Orleans, LA Aviation Brd Rev Rfdg Restructuring Garbs, Ser A–1 (AGL Insd)		6.000		01/01/23		1,013,140
	1,550	Rapides Fin Auth LA Rev Cleco Pwr Proj (AMT) (b)		5.250		11/01/37		1,476,918
	2,000	Rapides Fin Auth LA Rev Cleco Pwr Proj (AMT) (b)		6.000		10/01/38		2,007,120

								5,892,044

		Maryland 1.8%
	1,000	Baltimore, MD Spl Oblig Spc Oblig, Ser A		7.000		09/01/38		741,310
	4,500	Gaithersburg, MD Econ Dev Rev Asbury MD Oblig Group A		5.125		01/01/36		2,975,265
	2,000	Howard Cnty, MD Retirement Cmnty Vantage House Fac Rfdg, Ser B		5.250		04/01/37		1,081,600
	3,105	Maryland St Cmnty Dev Admin Dept Hsg & Cmnty Dev, Ser H (AMT)		5.050		09/01/32		2,797,574
	2,000	Maryland St Trans Auth Grant & Rev Antic		5.250		03/01/20		2,297,760
	1,250	Prince Georges Cnty, MD Spl Oblig Natl Harbor Proj		5.200		07/01/34		687,787

								10,581,296


		Massachusetts 0.7%
	1,000	Massachusetts St College Bldg, Ser A		5.500		05/01/39		1,000,710
	2,400	Massachusetts St Dev Fin Agy Rev Linden Ponds Inc Fac, Ser A		5.750		11/15/35		1,363,200

See Notes to Financial Statements

Van Kampen Municipal Income Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity	Value


		Massachusetts (Continued)
$	400	Massachusetts St Hlth & Ed Fac Auth Rev Bal Structured Ylg, Ser G (MBIA Insd) (b)		5.000	%	07/01/13	$	400,692
	2,000	Massachusetts St Hlth & Ed Fac Auth Rev Univ MA Mem Issue, Ser D		5.000		07/01/33		1,365,660

								4,130,262


		Michigan 2.8%
	2,000	Detroit, MI Wtr Supply Sys Rfdg Second Lien, Ser C (FSA Insd)		5.000		07/01/26		1,827,860
	2,495	Iron River, MI Hosp Fin Auth Rfdg Iron Cnty Cmnty Hosp		6.000		05/15/20		2,036,868
	650	Kent Hosp Fin Auth MI Rev Spectrum Hlth, Ser A (b)		5.250		01/15/47		659,418
	375	Kent Hosp Fin Auth MI Rev Spectrum Hlth, Ser A (b)		5.500		01/15/47		382,688
	5,000	Michigan St Strategic Fd Detroit Edison Co Proj Rfdg, Ser C (Syncora Gtd) (AMT)		5.450		12/15/32		4,050,000
	1,710	Michigan St Strategic Fd Solid Genesee Pwr Stad Proj Rfdg (AMT)		7.500		01/01/21		1,369,385
	2,000	Michigan Tob Settlement Fin Auth Tob Settlement Asset Sr, Ser A		6.000		06/01/48		1,129,480
	5,000	Western Townships MI Util Rfdg, Ser A (MBIA Insd)		5.250		01/01/16		5,123,250

								16,578,949


		Minnesota 1.5%
	450	Chisago, MN Hlthcare Fac Rev CDL Homes LLC Proj		6.000		08/01/42		300,073
	1,000	Columbia Heights, MN Multi-Family & Hlthcare Fac Rev Rfdg Crest View Corp Proj A		5.700		07/01/42		635,380
	380	Duluth, MN Hsg & Redev Auth Hlthcare & Hsg Rev Benedictine Hlth Ctr Proj		5.700		11/01/22		284,350
	750	Duluth, MN Hsg & Redev Auth Hlthcare & Hsg Rev Benedictine Hlth Ctr Proj		5.875		11/01/33		503,280
	550	Inver Grove Heights, MN Presbyterian Homes Care Rfdg		5.500		10/01/33		361,829
	1,000	Meeker Cnty, MN Gross Rev Hosp Fac Mem Hosp Proj		5.750		11/01/37		729,060
	3,000	Minneapolis, MN Hlthcare Sys Rev Fairview Hlth Svc, Ser A		6.750		11/15/32		3,079,710
	2,000	Minneapolis, MN Hsg & Hlthcare Fac Rev Providence Proj Rfdg, Ser A		5.625		10/01/27		1,348,580

See Notes to Financial Statements

Van Kampen Municipal Income Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity	Value


		Minnesota (Continued)
$	150	North Oaks, MN Sr Hsg Rev Presbyterian Homes North Oaks		6.000	%	10/01/27	$	117,255
	2,000	Saint Paul, MN Hsg & Redev Auth Hlthcare Fac Rev Hlth Partners Oblig Grp Proj		5.250		05/15/36		1,513,780

								8,873,297

		Mississippi 0.3%
	2,000	Mississippi Business Fin Corp MS Pollutn Ctl Rev Sys Energy Res Inc Proj		5.875		04/01/22		1,705,820


		Missouri 4.0%
	1,000	Carthage, MO Hosp Rev		5.750		04/01/22		727,550
	1,000	Carthage, MO Hosp Rev		5.875		04/01/30		654,470
	3,000	Kansas City, MO Indl Dev Auth Plaza Lib Proj		6.000		03/01/16		2,777,850
	500	Kansas City, MO Tax Increment Fin Comm Kansas City MO Maincor Proj, Ser A		5.250		03/01/18		414,750
	670	Maryland Heights, MO Tax Increment Rev South Heights Redev Proj Rfdg, Ser A		5.500		09/01/18		566,317
	2,275	Missouri Jt Muni Elec Util Comnty Pwr Proj Rev Plum Point Proj (NATL Insd)		5.000		01/01/26		1,884,928
	2,700	Missouri St Environmental Impt & Energy Res Auth Pwr & LT Co Proj (AMT) (b)		4.900		05/01/38		2,647,836
	1,200	Missouri St Hlth & Ed Fac Auth Rev Sr Living Fac Lutheran Rfdg, Ser B		5.125		02/01/27		885,588
	3,325	Raytown, MO Annual Raytown Live Redev Plan Proj 1		5.125		12/01/31		3,022,226
	1,300	Saint Louis Cnty, MO Indl Dev Auth Hlth Fac Rev Ranken Jordan Proj Rfdg		5.000		11/15/35		696,436
	1,000	Saint Louis Cnty, MO Indl Dev Auth Sr Living Fac Rev Friendship Vlg West Cnty, Ser A		5.375		09/01/21		858,770
	3,000	Saint Louis Cnty, MO Indl Dev Auth Sr Living Fac Rev Friendship Vlg West Cnty, Ser A		5.500		09/01/28		2,311,680
	500	Saint Louis Cnty, MO Indl Dev Auth Sr Living Fac Rev Saint Andrews Res for Srs, Ser A		6.375		12/01/30		362,615
	1,250	Saint Louis Cnty, MO Indl Dev Auth Sr Living Fac Rev Saint Andrews Res for Srs, Ser A		6.375		12/01/41		852,613
	450	Saint Louis, MO Indl Dev Auth Tax Increment & Cmnty Impt Dist Loughborough Com Redev Rfdg		5.750		11/01/27		305,595
	210	Saint Louis, MO Tax Increment Rev Scullin Redev Area, Ser A		10.000		08/01/10		219,057
	2,600	Springfield, MO Pub Bldg Corp Leasehold Rev, Ser B (AMBAC Insd) (AMT)		4.550		07/01/29		2,087,280
	2,920	Springfield, MO Pub Bldg Corp Leasehold Rev, Ser B (AMBAC Insd) (AMT)		4.600		07/01/36		2,213,740

								23,489,301

See Notes to Financial Statements

Van Kampen Municipal Income Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity	Value


		Nebraska 0.3%
$	1,000	Municipal Energy Agy of NE Pwr Supply Sys Rev Rfdg, Ser A (BHAC Insd)		5.375	%	04/01/39	$	1,026,850
	1,000	University, NB Univ Rev Lincoln Student Fees & Fac, Ser A		5.250		07/01/39		1,002,940

								2,029,790


		Nevada 0.5%
	70	Clark Cnty, NV Indl Dev Rev Southwest Gas Corp Proj, Ser A (BHAC Insd) (AMT)		4.750		09/01/36		53,253
	655	Mesquite, NV Spl Impt Dist No 07-01 Loc Impt-Anthem at Mesquite		5.850		08/01/18		508,902
	560	Mesquite, NV Spl Impt Dist No 07-01 Loc Impt-Anthem at Mesquite		6.000		08/01/27		356,826
	2,490	Reno, NV Hosp Rev Renown Regl Med Ctr Proj, Ser A		5.250		06/01/37		1,863,242

								2,782,223


		New Hampshire 0.8%
	170	New Hampshire Higher Ed & Hlth Fac Auth Rev Daniel Webster College Issue Rfdg (c)		6.100		07/01/09		169,303
	525	New Hampshire St Business Fin Auth Elec Fac Rev Plymouth Cogeneration (AMT) (Acquired 6/29/93, Cost $513,855) (c) (j)		7.750		06/01/14		499,910
	3,250	New Hampshire St Business Fin Auth Pollutn Ctl Rev Utd Illum Co Proj (AMT) (b)		7.125		07/01/27		3,261,473
	1,000	New Hampshire St Business Fin Auth Rev Alice Peck Day Hlth Sys, Ser A (Prerefunded @ 10/01/09)		6.875		10/01/19		1,050,910

								4,981,596


		New Jersey 5.5%
	375	Burlington Cnty, NJ Brdg Cmnty Econ Dev Rev The Evergreens Proj		5.625		01/01/38		222,154
	3,000	Landis, NJ Sew Auth Swr Rev (NATL Insd) (k)		8.380		09/19/19		3,774,630
	2,045	Middlesex Cnty, NJ Util Auth Swr Rev Rfdg, Ser A (NATL Insd)		6.250		08/15/10		2,113,712
	2,000	New Jersey Econ Dev Auth Cig Tax		5.750		06/15/34		1,461,080
	750	New Jersey Econ Dev Auth Ret Cmnty Rev Seabrook Vlg Inc Fac Rfdg		5.250		11/15/26		519,083
	2,830	New Jersey Hlthcare Fac Fin Auth Rev Saint Josephs Hlthcare Sys		5.750		07/01/15		2,467,505
	1,000	New Jersey Hlthcare Fac Fin Auth Rev Saint Peters Univ Hosp Oblig		5.750		07/01/37		761,370
	3,000	New Jersey St Hsg & Mtg Fin Agy Rev, Ser AA		6.375		10/01/28		3,193,380

See Notes to Financial Statements

Van Kampen Municipal Income Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity	Value


		New Jersey (Continued)
$	4,025	New Jersey St Hsg & Mtg Fin Agy Rev Single Family Hsg, Ser X (AMT)		5.100	%	10/01/23	$	3,933,109
	565	New Jersey St Tpk Auth Tpk Rev, Ser C (MBIA Insd)		6.500		01/01/16		675,836
	2,725	New Jersey St Tpk Auth Tpk Rev, Ser C (MBIA Insd) (h)		6.500		01/01/16		3,169,638
	5,710	New Jersey St Trans Corp Ctf Fed Trans Admin Gnt, Ser A (AMBAC Insd)		5.750		09/15/10		5,798,962
	2,000	Tobacco Settlement Fin Corp NJ, Ser A1		4.750		06/01/34		1,044,180
	6,000	Tobacco Settlement Fin Corp NJ, Ser A1		5.000		06/01/41		3,077,640

								32,212,279


		New Mexico 0.2%
	1,000	New Mexico St Hosp Equip Ln Council Hosp Rev Presbyterian Hlthcare Svc, Ser A		6.375		08/01/32		1,033,980


		New York 5.7%
	5,000	Long Island Pwr Auth NY Elec Sys Rev Gen, Ser A		6.000		05/01/33		5,183,400
	5,000	Metropolitan Trans Auth NY Rev, Ser B (NATL Insd)		5.250		11/15/18		5,140,150
	2,500	New York City Indl Dev Agy Civic Fac Rev Polytechnic Univ Proj (ACA Insd)		5.250		11/01/37		1,856,325
	3,000	New York City Indl Dev Agy Rev Liberty 7 World Trade Ctr, Ser A		6.250		03/01/15		2,517,480
	2,845	New York City, Ser B (NATL Insd)		5.875		08/01/15		3,018,545
	2,000	New York City Transitional Fin Auth Bldg Aid Rev Fiscal 2009, Ser S-3		5.250		01/15/39		1,882,420
	750	New York Liberty Dev Corp Rev Natl Sports Museum Proj, Ser A (Acquired 8/07/06, Cost $750,000) (c) (j) (l)		6.125		02/15/19		750
	2,500	New York St Energy Resh & Dev Auth Gas Fac Reg (k)		11.564		04/01/20		2,538,575
	3,000	New York St Energy Resh & Dev Auth Gas Fac Rev Brooklyn Union Gas, Ser B (AMT) (k)		11.275		07/01/26		3,003,930
	1,545	New York St Environmental Fac Corp St Clean Wtr & Drinking Revolving Fd Muni Wtr Fin, Ser C		5.000		06/15/21		1,634,996
	6,000	Port Auth NY & NJ Cons One Hundred Fourty Forth (e)		5.000		10/01/35		5,930,610
	1,300	Seneca Nation Indians Cap Impt Auth NY Spl Oblig, Ser A (g)		5.000		12/01/23		828,490

								33,535,671

See Notes to Financial Statements

Van Kampen Municipal Income Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity	Value



		North Carolina 0.4%
$	1,100	North Carolina Med Care Commn Hlthcare Fac Rev First Mtg Salemtowne Proj Rfdg		5.100	%	10/01/30	$	680,735
	1,100	North Carolina Med Care Commn Hlthcare Fac Rev Wake Med, Ser A (AGL Insd)		5.625		10/01/38		1,104,895
	1,000	North Carolina Med Care Commn Retirement Fac Rev First Mtg Southminster Proj, Ser A		5.625		10/01/27		778,770

								2,564,400


		North Dakota 0.3%
	1,000	Grand Forks, ND Sr Hsg Rev 4000 Vly Square Proj Rfdg		5.200		12/01/26		638,570
	1,025	Ward Cnty, ND Hlthcare Fac Rev Trinity Obligated Group Rfdg		5.125		07/01/25		742,807
	1,000	Ward Cnty, ND Hlthcare Fac Rev Trinity Obligated Group Rfdg		5.125		07/01/29		688,440

								2,069,817


		Ohio 5.6%
	3,340	Adams Cnty Hosp Fac Impt Rev Adams Cnty Hosp Proj (c)		6.250		09/01/20		2,442,509
	6,000	Buckeye, OH Tob Settlement Fin Auth Asset Bkd Sr Turbo, Ser A–2		5.875		06/01/30		3,655,620
	2,000	Buckeye, OH Tob Settlement Fin Auth Asset Bkd Sr Turbo, Ser A–2		5.875		06/01/47		1,067,520
	500	Cuyahoga Cnty, OH Hlthcare & Indpt Living Fac Rev Eliza Jennings Sr Care, Ser A		5.750		05/15/27		334,490
	6,000	Hamilton Cnty, OH Hlthcare Rev Life Enriching Cmnty Proj Rfdg, Ser A		5.000		01/01/37		3,767,280
	4,810	Lorain Cnty, OH Hosp Rev Fac Catholic, Ser H (AGL Insd)		5.000		02/01/24		4,847,951
	3,000	Ohio St Higher Ed Fac Commn Rev Hosp Univ Hosp Hlth Sys Inc, Ser A (BHAC Insd)		5.250		01/15/46		2,951,700
	4,000	Ohio St Higher Ed Fac Commn Univ Hosp Hlth Sys 2009, Ser A		6.750		01/15/39		3,976,560
	2,865	Ohio St Hsg Fin Agy Residential Mtg Rev Mtg Bkd Sec Prog, Ser D (GNMA Collateralized) (AMT) (e)		5.300		09/01/28		2,760,642
	5,045	Ohio St Hsg Fin Agy Residential Mtg Rev Mtg Bkd Sec Prog, Ser D (GNMA Collateralized) (AMT) (e)		5.400		03/01/33		4,785,485
	1,750	Ohio St Wtr Dev Auth Solid Waste Rev Allied Waste Inc Proj, Ser A (AMT)		5.150		07/15/15		1,562,330
	1,000	Tuscarawas Cnty, OH Hosp Fac Rev Twin City Hosp Proj		6.100		11/01/22		759,770

								32,911,857

See Notes to Financial Statements

Van Kampen Municipal Income Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity	Value



		Oklahoma 1.1%
$	1,050	Chickasaw Nation, OK Hlth Sys (g)		6.250	%	12/01/32	$	823,431
	1,340	Grand River Dam Auth OK Rev, Ser A (BHAC Insd)		5.000		06/01/21		1,467,220
	1,340	Grand River Dam Auth OK Rev, Ser A (BHAC Insd)		5.000		06/01/22		1,447,146
	2,275	Grand River Dam Auth OK Rev, Ser A (BHAC Insd)		5.000		06/01/23		2,433,249
	165	Oklahoma Hsg Fin Agy Single Family Rev Mtg, Class B (GNMA Collateralized) (AMT)		7.997		08/01/18		178,787

								6,349,833


		Oregon 0.2%
	1,000	Port Morrow, OR Pollutn Ctl Portland Rfdg, Ser A (b)		5.200		05/01/33		1,001,090


		Pennsylvania 0.9%
	2,000	Allegheny Cnty, PA Hosp Dev Auth Rev Hlth Sys West PA, Ser A		5.000		11/15/28		1,135,520
	1,885	Montgomery Cnty, PA Indl Dev Auth Rev Mtg Whitemarsh Continuing Care Proj		6.250		02/01/35		1,141,368
	1,000	Pennsylvania Hsg Fin Agy Single Family Mtg Rev, Ser 103 (AMT)		5.700		04/01/22		1,037,480
	2,000	Pennsylvania St Tpk Com Tpk Rev Sub, Ser A (AGL Insd)		5.000		06/01/39		1,984,460

								5,298,828


		Rhode Island 0.5%
	1,075	Rhode Island Hsg & Mtg Fin Corp Homeownership Oppty, Ser 57-B (AMT)		5.350		10/01/37		991,118
	1,810	Rhode Island St Econ Dev Corp Arpt Rev, Ser A (AGL Insd) (AMT)		5.250		07/01/28		1,675,535
	490	Rhode Island St Econ Dev Corp Rev		7.250		07/01/10		484,100

								3,150,753


		South Carolina 1.4%
	700	Piedmont Muni Pwr Agy SC Elec Rev Rfdg		5.000		01/01/25		623,028
	2,000	Piedmont Muni Pwr Agy SC Elec Rev, Ser A–2		5.000		01/01/24		1,856,700
	500	South Carolina Jobs Econ Dev Auth Hlth Fac Rev First Mtg Wesley Commons Rfdg		5.125		10/01/26		317,405
	500	South Carolina Jobs Econ Dev Auth Hlthcare Fac Rev First Mtg Lutheran Homes Rfdg		5.000		05/01/12		478,315
	200	South Carolina Jobs Econ Dev Auth Hlthcare Fac Rev First Mtg Lutheran Homes Rfdg		5.000		05/01/15		171,430
	500	South Carolina Jobs Econ Dev Auth Hlthcare Fac Rev First Mtg Lutheran Homes Rfdg		5.125		05/01/13		460,715

See Notes to Financial Statements

Van Kampen Municipal Income Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity	Value


		South Carolina (Continued)
$	1,000	South Carolina Jobs Econ Dev Auth Hlthcare Fac Rev First Mtg Lutheran Homes Rfdg		5.625	%	05/01/42	$	582,730
	1,000	South Carolina Jobs Econ Dev Auth Rev Woodlands at Furman Proj, Ser A		6.000		11/15/27		688,650
	2,000	South Carolina St Pub Svc Auth Santee Cooper, Ser A		5.500		01/01/38		2,062,240
	765	Tobacco Settlement Rev Mgmt Auth SC Tob Settlement Rev Rfdg		5.000		06/01/18		732,748

								7,973,961


		South Dakota 0.2%
	1,250	South Dakota St Hlth & Ed Fac Auth Rev Sioux Vly Hosp & Hlth Sys A		5.250		11/01/34		1,079,250


		Tennessee 1.1%
	1,000	Chattanooga, TN Hlth Ed & Hsg Fac Brd Rev CDFI Phase I LLC Proj Rfdg, Ser A		5.000		10/01/25		704,580
	4,000	Elizabethton, TN Hlth & Ed Fac Brd Rev Rfdg, Ser B (NATL Insd) (Prerefunded @ 7/01/12)		7.750		07/01/29		4,640,520
	1,000	Johnson City, TN Hlth & Ed Fac Brd Hosp Rev First Mtg Mtn St Hlth, Ser A		5.500		07/01/36		738,550
	500	Sullivan Cnty, TN Hlth Ed & Hsg Fac Brd Hosp Rev Wellmont Hlth Sys Proj, Ser C		5.000		09/01/22		337,785

								6,421,435


		Texas 8.3%
	3,615	Alliance Arpt Auth Inc TX Spl Fac Rev FedEx Corp Proj Rfdg (AMT)		4.850		04/01/21		2,866,840
	450	Angelina & Neches Riv Auth TX Indl Dev Corp Environmental Aspen Pwr LLC Proj, Ser A (AMT)		6.500		11/01/29		275,427
	500	Bexar Cnty, TX Hlth Fac Dev Corp Hosp Rev Saint Luke’s Lutheran Hosp (h)		7.000		05/01/21		652,835
	5,000	Dallas-Fort Worth, TX Intl Arpt Rev Impt & Rfdg, Ser A (BHAC Insd) (AMT)		5.500		11/01/31		4,571,700
	500	Dallas-Fort Worth, TX Intl Arpt Rev Jt, Ser C (NATL Insd) (AMT)		5.750		11/01/18		498,405
	1,000	Dallas-Fort Worth, TX Intl Arpt Rev Jt, Ser C (NATL Insd) (AMT)		6.000		11/01/23		1,000,220
	1,000	Harris Cnty, TX Hlth Fac Dev Corp Hosp Rev Rfdg Mem Hermann Hlthcare Sys, Ser B		7.250		12/01/35		1,046,140
	1,805	Hopkins Cnty, TX Hosp Dist Hosp Rev		5.500		02/15/23		1,403,532
	40	Lower CO Riv Auth TX Rev Rfdg, Ser A (FSA Insd) (Prerefunded @ 5/15/09)		5.875		05/15/14		40,669

See Notes to Financial Statements

Van Kampen Municipal Income Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity	Value


		Texas (Continued)
$	30	Lower CO Riv Auth TX Rev Rfdg, Ser A (FSA Insd) (Prerefunded @ 5/15/09)		5.875	%	05/15/15	$	30,502
	15	Lower CO Riv Auth TX Rev Rfdg, Ser A (FSA Insd) (Prerefunded @ 5/15/09)		5.875		05/15/16		15,251
	1,250	Lufkin, TX Hlth Fac Dev Corp Hlth Sys Rev Mem Hlth Sys East TX		5.500		02/15/37		813,137
	3,000	MC Lennan Cnty, TX Pub Fac Corp Proj Rev		6.625		06/01/35		3,177,450
	2,000	Metropolitan Hlth Fac Dev Corp TX Wilson N Jones Mem Hosp Proj		7.200		01/01/21		1,752,940
	2,000	Mission, TX Econ Dev Corp Solid Waste Disp Rev Waste Mgmt Inc Proj (AMT) (b)		6.000		08/01/20		1,912,120
	1,000	North TX Twy Auth Rev Rfdg Sys First Tier, Ser A		5.625		01/01/33		939,520
	2,000	North TX Twy Auth Rev Rfdg Sys First Tier, Ser A		6.000		01/01/23		2,099,680
	2,000	North TX Twy Auth Rev Rfdg Sys First Tier, Ser L-2(b)		6.000		01/01/38		2,114,320
	4,000	North TX Twy Auth Rev Toll 2nd Tier Rfdg, Ser F		6.125		01/01/31		3,866,760
	500	Tarrant Cnty, TX Cultural Ed Fac Fin Corp Buckner Retirement Svc Inc Proj		5.000		11/15/17		476,875
	1,500	Tarrant Cnty, TX Cultural Ed Fac Fin Corp Retirement CC Young Mem Hom Proj		5.750		02/15/29		972,975
	1,750	Tarrant Cnty, TX Cultural Ed Fac Fin Corp Retirement Fac Buckingham Sr Living Cmnty Inc		5.750		11/15/37		1,129,485
	5,000	Tarrant Cnty, TX Cultural Ed Fac Fin Corp Retirement Fac Buckner Retirement Svc Inc Proj		5.250		11/15/37		3,778,200
	2,200	Tarrant Cnty, TX Cultural Ed Fac Fin Corp Retirement Fac CC Young Mem Home Proj		5.750		02/15/25		1,533,114
	3,250	Tarrant Cnty, TX Cultural Ed Fac Fin Corp Rev Christus Hlth Rfdg, Ser A (AGL Insd)		5.750		07/01/18		3,558,230
	725	Texas St Dept Hsg & Cmnty Affairs Home Mtg Rev Coll Rfdg, Ser C–2 (GNMA Collateralized) (AMT) (k)		12.380		07/02/24		768,659
	4,000	Texas St Trans Commn Mobility Fd (e)		5.000		04/01/28		4,084,320
	2,000	Texas St Trans Commn Rev First Tier, Ser A		5.000		04/01/20		2,169,320
	1,500	Texas Transn Commn Cent TX Tpk Sys Rev Rfdg First Tier (b)		5.000		08/15/42		1,505,100

								49,053,726

See Notes to Financial Statements

Van Kampen Municipal Income Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity	Value



		Utah 2.6%
$	1,340	Hildale, UT Elec Rev Gas Turbine Elec Fac Proj (c) (l)		7.800	%	09/01/15	$	318,250
	1,000	Hildale, UT Elec Rev Gas Turbine Elec Fac Proj (c) (l)		7.800		09/01/25		237,500
	1,000	Hildale, UT Elec Rev Gas Turbine Elec Fac Proj (c) (l)		8.000		09/01/20		237,500
	11,000	Salt Lake City, UT Hosp Rev IHC Hosp Inc Rfdg		6.150		02/15/12		11,875,600
	1,995	Utah Hsg Corp Single Family Mtg Rev, Ser C–1 (AMT)		5.700		07/01/28		1,992,486
	600	Utah St Charter Sch Fin Auth Charter Sch Rev Summit Academy, Ser A		5.800		06/15/38		409,386

								15,070,722


		Vermont 0.2%
	1,000	Vermont Econ Dev Auth Mtg Rev Wake Robin Corp Proj, Ser A		5.375		05/01/36		569,560
	1,000	Vermont Ed & Hlth Bldg Fin Agy Rev Bennington College Proj		6.625		10/01/29		755,300

								1,324,860


		Virginia 0.9%
	896	Farms New Kent VA Cmnty Dev Auth Spl Assmt, Ser A		5.125		03/01/36		476,134
	1,300	Lexington, VA Indl Dev Auth Residential Care Fac Rev Mtg Kendal at Lexington, Ser A		5.500		01/01/37		793,663
	1,000	Peninsula Town Ctr Cmnty Dev Auth VA Spl Oblig		6.450		09/01/37		624,940
	2,000	Washington Cnty, VA Indl Dev Auth Mtn Sts Hlth Alliance, Ser C		7.500		07/01/29		1,982,200
	1,750	White Oak Vlg Shops VA Cmnty Dev Auth Spl Assmt Rev		5.300		03/01/17		1,442,035

								5,318,972


		Washington 1.2%
	950	Kalispel Tribe Indians Priority Dist WA Rev		6.625		01/01/28		701,072
	2,000	Seattle, WA Muni Lt & Pwr Rev Rfdg & Impt		5.750		04/01/23		2,198,360
	1,000	Washington St Hlthcare Fac Auth Rev Multicare Hlth Sys, Ser A (FSA Insd)		5.250		08/15/28		962,300
	1,100	Washington St Hsg Fin Commn Nonprofit Rev Custodial Rcpt Wesley Homes, Ser 2007-A (Acquired 5/07/08, Cost $1,100,000) (c) (j)		6.000		01/01/27		807,301
	2,000	Washington St, Ser A (FSA Insd)		5.000		07/01/20		2,129,800

								6,798,833

See Notes to Financial Statements

Van Kampen Municipal Income Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


Par
Amount
(000)			Description	Coupon			Maturity	Value



			West Virginia 0.3%
$	1,000		Harrison Cnty, WV Cnty Cmnty Solid Waste Disp Rev Allegheny Energy Rfdg, Ser D (AMT)		5.500	%	10/15/37	$	735,180
	250		Ohio Cnty, WV Cnty Commn Tax Increment Rev Fort Henry Centre Fin Dist, Ser A		5.850		06/01/34		169,020
	855		Pleasants Cnty, WV Pollutn Ctl Rev Cnty Comm Allegheny Rfdg, Ser F		5.250		10/15/37		639,797

									1,543,997


			Wisconsin 4.2%
	2,000		Superior, WI Collateralized Util Rev Rfdg Superior Wtr Lt & Pwr Proj, Ser A (AMT)		5.375		11/01/21		1,724,160
	6,000		Wisconsin Hsg & Econ Dev Auth Home Ownership Rev, Ser C (AMT) (e)		5.125		09/01/28		5,544,720
	8,000		Wisconsin Hsg & Econ Dev Auth Home Ownership Rev, Ser C (AMT) (e)		5.200		03/01/38		7,206,760
	8,125		Wisconsin Hsg & Econ Dev Auth Home Ownership Rev, Ser A (AMT)		5.300		09/01/23		8,124,594
	2,355		Wisconsin St Gen Rev, Ser A (f)		5.375		05/01/25		2,363,077

									24,963,311


			Wyoming 0.4%
	2,360		Wyoming Muni Pwr Agy Pwr Supply, Ser A		5.500		01/01/33		2,255,924


Total Long-Term Investments 107.1% (Cost $722,085,709)									631,425,618

Total Short-Term Investments 0.8% (Cost $4,800,000)									4,800,000


Total Investments 107.9% (Cost $726,885,709)									636,225,618

Liability for Floating Rate Note Obligations Related to Securities Held (7.3%) (Cost $(43,090,000))
	(43,090	)	Notes with interest rates ranging from 0.36% to 1.63% at March 31, 2009 and contractual maturities of collateral ranging from 2023 to 2038 (i)						(43,090,000	)


Total Net Investments 100.6% (Cost $683,795,709)									593,135,618

Liabilities in Excess of Other Assets (0.6%)									(3,477,216	)


Net Assets 100.0%								$	589,658,402

See Notes to Financial Statements

Van Kampen Municipal Income Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued

Percentages are calculated as a percentage of net assets.


*		Zero coupon bond

(a)		Security includes a feature allowing the Fund an option on any interest rate payment date to offer the security for sale at par. The sale is contingent upon market conditions.

(b)		Variable Rate Coupon

(c)		Security has been deemed illiquid.

(d)		Security is a “step-up” bond where the coupon increases or steps up at a predetermined date.

(e)		Underlying security related to Inverse Floaters entered into by the Fund. See Note 1.

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

(g)		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.

(h)		Escrowed to Maturity

(i)		Floating rate notes. The interest rates shown reflect the rates in the effect at March 31, 2009.

(j)		Security is restricted and may be resold only in transactions exempt from registration which are normally those transactions with qualified institutional buyers. Restricted securities comprise 0.4% of net assets.

(k)		Inverse Floating Rate

(l)		Non-income producing security.

ACA—American Capital Access

AGL—Assured Guaranty Ltd.

AMBAC—AMBAC Indemnity Corp.

AMT—Alternative Minimum Tax

BHAC—Berkshire Hathaway Assurance Corp.

FGIC—Financial Guaranty Insurance Co.

FHA—Federal Housing Administration

FSA—Financial Security Assurance Inc.

GNMA—Government National Mortgage Association

LOC—Letter of Credit

MBIA—Municipal Bond Investors Assurance Corp.

NATL—National Public Finance Guarantee Corp.

See Notes to Financial Statements

Van Kampen Municipal Income Fund

Financial Statements

Statement of Assets and Liabilities

March 31, 2009 (Unaudited)


Assets:
Total Investments (Cost $726,885,709)	$	636,225,618
Receivables:
Interest		9,909,120
Investments Sold		6,258,427
Fund Shares Sold		910,528
Other		145,016

Total Assets		653,448,709

Liabilities:
Payables:
Floating Rate Note Obligations		43,090,000
Investments Purchased		15,631,148
Custodian Bank		2,452,196
Fund Shares Repurchased		1,247,890
Income Distributions		507,146
Investment Advisory Fee		244,487
Distributor and Affiliates		199,920
Trustees’ Deferred Compensation and Retirement Plans		231,117
Accrued Expenses		186,403

Total Liabilities		63,790,307

Net Assets	$	589,658,402

Net Assets Consist of:
Capital (Par value of $0.01 per share with an unlimited number of shares authorized)	$	725,804,045
Accumulated Undistributed Net Investment Income		1,228,677
Accumulated Net Realized Loss		(46,714,229	)
Net Unrealized Depreciation		(90,660,091	)

Net Assets	$	589,658,402

Maximum Offering Price Per Share:
Class A Shares:
Net asset value and redemption price per share (Based on net assets of $543,644,805 and 46,693,642 shares of beneficial interest issued and outstanding)	$	11.64
Maximum sales charge (4.75%* of offering price)		0.58

Maximum offering price to public	$	12.22

Class B Shares:
Net asset value and offering price per share (Based on net assets of $16,480,659 and 1,417,327 shares of beneficial interest issued and outstanding)	$	11.63

Class C Shares:
Net asset value and offering price per share (Based on net assets of $28,851,221 and 2,485,711 shares of beneficial interest issued and outstanding)	$	11.61

Class I Shares:
Net asset value and offering price per share (Based on net assets of $681,717 and 58,567 shares of beneficial interest issued and outstanding)	$	11.64


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

See Notes to Financial Statements

Van Kampen Municipal Income Fund
Financial Statements continued

Statement of Operations

For the Six Months Ended March 31, 2009 (Unaudited)


Investment Income:
Interest	$	18,575,764

Expenses:
Investment Advisory Fee		1,358,411
Distribution (12b-1) and Service Fees
Class A		636,016
Class B		75,513
Class C		109,730
Interest and Residual Trust Expenses		336,326
Transfer Agent Fees		162,920
Accounting and Administrative Expenses		79,032
Professional Fees		57,036
Reports to Shareholders		33,458
Registration Fees		32,322
Custody		28,688
Trustees’ Fees and Related Expenses		17,403
Other		16,889

Total Expenses		2,943,744
Less Credits Earned on Cash Balances		3,544

Net Expenses		2,940,200

Net Investment Income	$	15,635,564

Realized and Unrealized Gain/Loss:
Net Realized Loss	$	(8,571,638	)

Unrealized Appreciation/Depreciation:
Beginning of the Period		(66,562,967	)
End of the Period		(90,660,091	)

Net Unrealized Depreciation During the Period		(24,097,124	)

Net Realized and Unrealized Loss	$	(32,668,762	)

Net Decrease in Net Assets From Operations	$	(17,033,198	)

See Notes to Financial Statements

Van Kampen Municipal Income Fund
Financial Statements continued

Statements of Changes in Net Assets (Unaudited)


	For The			For The
	Six Months Ended			Year Ended
	March 31, 2009			September 30, 2008


From Investment Activities:
Operations:
Net Investment Income	$	15,635,564		$	31,313,700
Net Realized Loss		(8,571,638	)		(5,660,535	)
Net Unrealized Depreciation During the Period		(24,097,124	)		(77,397,765	)

Change in Net Assets from Operations		(17,033,198	)		(51,744,600	)


Distributions from Net Investment Income:
Class A Shares		(16,623,948	)		(29,764,166	)
Class B Shares		(433,876	)		(797,185	)
Class C Shares		(631,019	)		(851,637	)
Class I Shares		(14,800	)		(18,149	)

Total Distributions		(17,703,643	)		(31,431,137	)


Net Change in Net Assets from Investment Activities		(34,736,841	)		(83,175,737	)


From Capital Transactions:
Proceeds from Shares Sold		129,318,629			87,886,640
Net Asset Value of Shares Issued Through Dividend Reinvestment		14,550,972			24,675,563
Cost of Shares Repurchased		(80,411,976	)		(133,106,128	)

Net Change in Net Assets from Capital Transactions		63,457,625			(20,543,925	)

Net Change in Net Assets		28,720,784			(103,719,662	)
Net Assets:
Beginning of the Period		560,937,618			664,657,280

End of the Period (Including accumulated undistributed net investment income of $1,228,677 and $3,296,756, respectively)	$	589,658,402		$	560,937,618

See Notes to Financial Statements

Van Kampen Municipal Income Fund

Financial Highlights (Unaudited)

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


	Six Months
	Ended
	March 31,			Year Ended September 30,
Class A Shares	2009			2008			2007			2006		2005			2004


Net Asset Value, Beginning of the Period	$	12.45		$	14.29		$	14.84		$	14.71	$	14.81		$	14.84

Net Investment Income (a)		.33			.69			.62			.64		.64			.66
Net Realized and Unrealized Gain/Loss		(.77	)		(1.84	)		(.52	)		.14		(.09	)		(.05	)

Total from Investment Operations		(.44	)		(1.15	)		.10			.78		.55			.61
Less Distributions from Net Investment Income		.37			.69			.65			.65		.65			.64

Net Asset Value, End of the Period	$	11.64		$	12.45		$	14.29		$	14.84	$	14.71		$	14.81


Total Return (b)		–3.42%	*		–8.31%			.66%			5.46%		3.78%			4.20%
Net Assets at End of the Period (In millions)	$	543.6		$	526.7		$	625.9		$	613.6	$	587.6		$	609.4
Ratio of Expenses to Average Net Assets		1.02%			1.41%			1.28%			1.11%		1.04%			0.98%
Ratio of Net Investment Income to Average Net Assets		5.75%			5.03%			4.21%			4.40%		4.35%			4.46%
Portfolio Turnover		22%	*		62%			28%			16%		30%			11%

Supplemental Ratio:
Ratio of Expenses to Average Net Assets (Excluding Interest and Residual Trust Expenses)		.90%			.88%			.87%			.89%		.88%			.89%


(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 .25% and do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares.

*		Non-Annualized

See Notes to Financial Statements

Van Kampen Municipal Income Fund
Financial Highlights (Unaudited) continued

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


	Six Months
	Ended
	March 31,			Year Ended September 30,
Class B Shares	2009			2008			2007			2006		2005			2004


Net Asset Value, Beginning of the Period	$	12.43		$	14.27		$	14.82		$	14.69	$	14.79		$	14.82

Net Investment Income (a)		.29			.59			.51			.53		.53			.55
Net Realized and Unrealized Gain/Loss		(.76	)		(1.84	)		(.52	)		.14		(.09	)		(.05	)

Total from Investment Operations		(.47	)		(1.25	)		(.01	)		.67		.44			.50
Less Distributions from Net Investment Income		.33			.59			.54			.54		.54			.53

Net Asset Value, End of the Period	$	11.63		$	12.43		$	14.27		$	14.82	$	14.69		$	14.79


Total Return (b)		–3.72%	*		–9.02%			–.09%			4.69%		3.03%			3.41%
Net Assets at End of the Period (In millions)	$	16.5		$	15.7		$	20.9		$	29.6	$	38.1		$	48.8
Ratio of Expenses to Average Net Assets		1.78%			2.17%			2.03%			1.86%		1.79%			1.73%
Ratio of Net Investment Income to Average Net Assets		5.00%			4.26%			3.45%			3.64%		3.60%			3.71%
Portfolio Turnover		22%	*		62%			28%			16%		30%			11%

Supplemental Ratio:
Ratio of Expenses to Average Net Assets (Excluding Interest and Residual Trust Expenses)		1.65%			1.63%			1.62%			1.64%		1.63%			1.64%


(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 sixth 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.

*		Non-Annualized

See Notes to Financial Statements

Van Kampen Municipal Income Fund
Financial Highlights (Unaudited) continued

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


	Six Months
	Ended
	March 31,			Year Ended September 30,
Class C Shares	2009			2008			2007			2006		2005			2004


Net Asset Value, Beginning of the Period	$	12.41		$	14.24		$	14.79		$	14.67	$	14.77		$	14.80

Net Investment Income (a)		.29			.59			.50			.53		.53			.55
Net Realized and Unrealized Gain/Loss		(.76	)		(1.83	)		(.51	)		.13		(.09	)		(.05	)

Total from Investment Operations		(.47	)		(1.24	)		(.01	)		.66		.44			.50
Less Distributions from Net Investment Income		.33			.59			.54			.54		.54			.53

Net Asset Value, End of the Period	$	11.61		$	12.41		$	14.24		$	14.79	$	14.67		$	14.77


Total Return (b)		–3.72%	*		–8.97%			–.10%			4.62%		3.03%			3.43%
Net Assets at End of the Period (In millions)	$	28.9		$	18.3		$	17.4		$	14.3	$	12.5		$	13.7
Ratio of Expenses to Average Net Assets		1.77%			2.17%			2.04%			1.86%		1.79%			1.73%
Ratio of Net Investment Income to Average Net Assets		4.99%			4.31%			3.46%			3.65%		3.60%			3.71%
Portfolio Turnover		22%	*		62%			28%			16%		30%			11%

Supplemental Ratio:
Ratio of Expenses to Average Net Assets (Excluding Interest and Residual Trust Expenses)		1.65%			1.63%			1.62%			1.64%		1.63%			1.64%


(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.

*		Non-Annualized

See Notes to Financial Statements

Van Kampen Municipal Income Fund
Financial Highlights (Unaudited) continued

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


	Six Months											August 12, 2005
	Ended											(Commencement of
	March 31,			Year Ended September 30,								Operations) to
Class I Shares	2009			2008			2007			2006		September 30, 2005


Net Asset Value, Beginning of the Period	$	12.45		$	14.29		$	14.83		$	14.71	$	14.71

Net Investment Income (a)		.35			.72			.65			.68		.09
Net Realized and Unrealized Gain/Loss		(.77	)		(1.83	)		(.50	)		.13		-0-	**

Total from Investment Operations		(.42	)		(1.11	)		.15			.81		.09
Less Distributions from Net Investment Income		.39			.73			.69			.69		.09

Net Asset Value, End of the Period	$	11.64		$	12.45		$	14.29		$	14.83	$	14.71


Total Return (b)		–3.29%	*		–8.07%			.98%			5.65%		.60%	*
Net Assets at End of the Period (In millions)	$	0.7		$	0.3		$	0.4		$	1.4	$	1.3
Ratio of Expenses to Average Net Assets		.79%			1.16%			1.03%			.86%		.82%
Ratio of Net Investment Income to Average Net Assets		6.14%			5.25%			4.42%			4.67%		4.56%
Portfolio Turnover		22%	*		62%			28%			16%		30%

Supplemental Ratio:
Ratio of Expenses to Average Net Assets (Excluding Interest and Residual Trust Expenses)		.66%			.63%			.62%			.64%		.66%


(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 of Fund shares.

*		Non-Annualized

**		Amount is less than $.01.

See Notes to Financial Statements

Van Kampen Municipal Income Fund

Notes to Financial Statements n March 31, 2009 (Unaudited)

1. Significant Accounting Policies

Van Kampen Municipal Income Fund (the “Fund”) is organized as a series of the Van Kampen Tax Free 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 provide a high level of current income exempt from federal income tax, consistent with preservation of capital. The Fund commenced investment operations on August 1, 1990. 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 the matters affecting a single class.

Van Kampen Municipal Income Fund
Notes to Financial Statements n March 31, 2009 (Unaudited) continued

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.

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


	Investments in
Valuation Inputs	Securities

Level 1—Quoted Prices	$	-0-
Level 2—Other Significant Observable Inputs		636,225,618
Level 3—Significant Unobservable Inputs		-0-

Total	$	636,225,618

B. Security Transactions Security transactions are recorded on a trade date basis. Realized gains and losses are determined on an identified cost basis. Legal expenditures that are expected to result in the restructuring of or a plan of reorganization for an investment are recorded as realized losses. The Fund may purchase and sell securities on a “when-issued” or “delayed delivery” basis, with settlement to occur at a later date. The value of the security so purchased is subject to market fluctuations during this period. The Fund will segregate assets with the custodian having an aggregate value at least equal to the amount of the when-issued or delayed delivery purchase commitments until payment is made. At March 31, 2009, the Fund had $7,185,075 of when-issued and delayed delivery purchase commitments.

D. 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 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 interest accrued related to unrecognized tax benefits in “Interest Expense” and penalties in

Van Kampen Municipal Income Fund
Notes to Financial Statements n March 31, 2009 (Unaudited) continued

“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 four year period ended September 30, 2008, 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 these losses against any future realized capital gains. At September 30, 2008, the Fund had an accumulated capital loss carryforward for tax purposes of $32,199,885, which will expire according to the following schedule:


Amount		Expiration

$	9,728,055		September 30, 2009
	7,248,633		September 30, 2010
	10,905,393		September 30, 2015
	4,317,804		September 30, 2016

At March 31, 2009, the cost and related gross unrealized appreciation and depreciation are as follows:


Cost of investments for tax purposes	$	677,455,295

Gross tax unrealized appreciation		11,438,994
Gross tax unrealized depreciation		(95,756,766	)

Net tax unrealized depreciation on investments	$	(84,317,772	)

E. 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. Distributions from net realized gains for book purposes may include short-term capital gains and gains on futures transactions. All short-term capital gains and a portion of futures gains are included in ordinary income for tax purposes.

The tax character of distributions paid during the year ended September 30, 2008 were as follows:


Distributions paid from:
Ordinary income	$	9,579
Tax-exempt income		31,551,361

	$	31,560,940

As of September 30, 2008, the components of distributable earnings on a tax basis were as follows:


Undistributed ordinary income	$	11,184
Undistributed tax-exempt income		5,640,321

F. Credit Earned on Cash Balances During the six months ended March 31, 2009, the Fund’s custody fee was reduced by $3,544 as a result of credits earned on cash balances.

Van Kampen Municipal Income Fund
Notes to Financial Statements n March 31, 2009 (Unaudited) continued

G. Floating Rate Note Obligations Related to Securities Held The Fund enters into transactions in which it transfers to dealer trusts fixed rate bonds in exchange for cash and residual interest in the dealer trusts’ assets and cash flows, which are in the form of inverse floating rate investments. The dealer trusts fund the purchases of the fixed rate bonds by issuing floating rate notes to third parties and allowing the Fund to retain residual interests in the bonds. The Fund enters into shortfall agreements with the dealer trusts, which commit the Fund to pay the dealer trusts, in certain circumstances, the difference between the liquidation value of the fixed rate bonds held by the dealer trusts and the liquidation value of the floating rate notes held by third parties, as well as any shortfalls in interest cash flows. The residual interests held by the Fund (inverse floating rate investments) include the right of the Fund (1) to cause the holders of the floating rate notes to tender their notes at par at the next interest rate reset date, and (2) to transfer the municipal bond from the dealer trusts to the Fund, thereby collapsing the dealer trusts. The Fund accounts for the transfer of bonds to the dealer trusts as secured borrowings, with the securities transferred remaining in the Fund’s investments assets, and the related floating rate notes reflected as Fund liabilities under the caption “Floating Rate Note Obligations” on the Statement of Assets and Liabilities. The Fund records the interest income from the fixed rate bonds under the caption “Interest” and records the expenses related to floating rate note obligations and any administrative expenses of the dealer trusts under the caption “Interest and Residual Trust Expenses” in the Fund’s Statement of Operations. The notes issued by the dealer trust have interest rates that reset weekly and the floating rate note holders have the option to tender their notes to the dealer trusts for redemption at par at each reset date. At March 31, 2009, Fund investments with a value of $70,459,537 are held by the dealer trusts and serve as collateral for the $43,090,000 in floating rate notes outstanding at that date. Contractual maturities of the floating rate notes and interest rates in effect at March 31, 2009 are presented on the Portfolio of Investments. The average floating rate notes outstanding and average annual interest and fee rate related to residual interests during the six months ended March 31, 2009 were $44,656,989 and 0.38%, respectively.

2. Investment Advisory Agreement and Other Transactions with Affiliates


Average Daily Net Assets	% Per Annum

First $500 million		.50%
Over $500 million		.45%

For the six months ended March 31, 2009, the Fund recognized expenses of approximately $11,300 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.

Van Kampen Municipal Income Fund
Notes to Financial Statements n March 31, 2009 (Unaudited) continued

approximately $43,800 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 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 six months ended March 31, 2009, the Fund recognized expenses of approximately $66,600 representing transfer agency fees paid to VKIS and its affiliates. The 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 directors 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 $120,800 are included in “Other” assets on the Statements of Assets and Liabilities at March 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 six months ended March 31, 2009, Van Kampen as Distributor for the Fund, received commissions on sales of the Fund’s Class A Shares of approximately $120,800 and contingent deferred sales charge (CDSC) on redeemed shares of approximately $52,200. Sales charges do not represent expenses of the Fund.

At March 31, 2009, Morgan Stanley Investment Management, Inc., an affiliate of the Adviser, owned 710 shares of Class I Shares.

Van Kampen Municipal Income Fund
Notes to Financial Statements n March 31, 2009 (Unaudited) continued

3. Capital Transactions

For the six months ended March 31, 2009 and year ended September 30, 2008, transactions were as follows:


	For The						For The
	Six Months Ended						Year Ended
	March 31, 2009						September 30, 2008
	Shares			Value			Shares			Value

Sales:
Class A		9,519,470		$	108,878,470			5,406,899		$	74,290,756
Class B		410,366			4,715,699			216,388			2,957,972
Class C		1,308,541			15,013,932			769,281			10,621,116
Class I		63,006			710,528			1,209			16,796

Total Sales		11,301,383		$	129,318,629			6,393,777		$	87,886,640


Dividend Reinvestment:
Class A		1,188,859		$	13,678,644			1,733,312		$	23,438,460
Class B		30,611			351,882			44,260			597,790
Class C		44,117			506,473			46,229			621,630
Class I		1,208			13,973			1,303			17,683

Total Dividend Reinvestment		1,264,795		$	14,550,972			1,825,104		$	24,675,563


Repurchases:
Class A		(6,314,200	)	$	(72,918,707	)		(8,655,800	)	$	(118,944,913	)
Class B		(285,366	)		(3,288,062	)		(466,983	)		(6,396,345	)
Class C		(340,627	)		(3,894,218	)		(562,831	)		(7,646,423	)
Class I		(26,862	)		(310,989	)		(8,741	)		(118,447	)

Total Repurchases		(6,967,055	)	$	(80,411,976	)		(9,694,355	)	$	(133,106,128	)

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 the six months ended March 31, 2009, the Fund received redemption fees of approximately $2,500, 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, were $187,096,941 and $131,735,182, 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.

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, to manage the

Van Kampen Municipal Income Fund
Notes to Financial Statements n March 31, 2009 (Unaudited) continued

portfolio’s effective yield, maturity and duration, or 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 generally recognized. Risks may arise as a result of the potential inability of the counter parties to meet the terms of their contracts.

Summarized below are the different types of derivative financial instruments used by the Fund.

A. Futures Contracts A futures contract is an agreement involving the delivery of a particular asset on a specified future date at an agreed upon price. The Fund generally invests in exchange traded futures on U.S. Treasury Notes and typically closes the contract prior to delivery date. 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). The risk of loss associated with a futures contract is in excess of the variation margin reflected on the Statement of Assets and Liabilities.

There were no transactions in futures contracts for the six months ended March 31, 2009.

B. Inverse Floating Rate Investments The Fund may invest a portion of its assets in inverse floating rate instruments, either through outright purchases of inverse floating rate securities or through the transfer of bonds to a dealer trust in exchange for cash and residual interests in the dealer trust. These investments are typically used by the Fund in seeking to enhance the yield of the portfolio. These instruments typically involve greater risks than a fixed rate municipal bond. In particular, these instruments are acquired through leverage or may have leverage embedded in them and therefore involve many of the risks associated with leverage. Leverage is a speculative technique that my expose the Fund to greater risk and increased costs. Leverage may cause the Fund’s net asset value to be more volatile than if it had not been leveraged because leverage tends to magnify the effect of any increases or decreases in the value of the Fund’s portfolio securities. The use of leverage may also cause the Fund to liquidate portfolio positions when it may not be advantageous to do so in order to satisfy its obligations with respect to inverse floating rate instruments.

7. Distribution and Service Plans

The amount of distribution expenses incurred by the Distributor and not yet reimbursed (“unreimbursed receivable”) was approximately $2,537,600 and $254,200 for Class B and

Van Kampen Municipal Income Fund
Notes to Financial Statements n March 31, 2009 (Unaudited) continued

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.

8. Indemnifications

9. Accounting Pronouncements

Van Kampen Municipal 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 Keving 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 333 West Wacker Drive Chicago, Illinois 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 Municipal 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 annually.

We Respect Your Privacy

1. What Personal Information Do We Collect About You?


	•	We collect information such as your name, address, e-mail address, phone number and account title.

(continued on next page)

Van Kampen Municipal 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?

(continued on next page)

Van Kampen Municipal Income Fund
An Important Notice Concerning Our
U.S. Privacy Policy continued

3. How Do We Protect the Security and Confidentiality of Personal Information We Collect About You?

4. How Can You Limit the Sharing of Certain Types of Personal Information With Affiliated Companies?

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

(continued on next page)

Van Kampen Municipal Income Fund
An Important Notice Concerning Our
U.S. Privacy Policy continued

If you wish to opt-out of sharing and to limit marketing offers, you may do so by:


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

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

SPECIAL NOTICE TO RESIDENTS OF VERMONT

(continued on back)

Van Kampen Municipal Income Fund
An Important Notice Concerning Our
U.S. Privacy Policy continued

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

Van Kampen Funds Inc.

522 Fifth Avenue

New York, New York 10036

www.vankampen.com

49, 349, 549, 649

MIFSAN 5/09

IU09-02156P-Y03/09

Welcome, Shareholder

In this report, you’ll learn about how your investment in Van Kampen Intermediate Term Municipal Income Fund performed during the semiannual 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 March 31, 2009.

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 that the value of the fund shares may therefore be less than what you paid for them. Accordingly, you can lose money investing in this fund.

Income may subject certain individuals to the Federal Alternative Minimum Tax (AMT).

Performance Summary as of 3/31/09


	A Shares						B Shares						C Shares						I Shares
	since 5/28/93						since 5/28/93						since 10/19/93						since 8/12/05
				w/max						w/max						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			charges			charges			charges			charges			charges			charges

Since Inception		4.61	%		4.29	%		4.23	%		4.23	%		3.48	%		3.48	%		2.17	%

10-year		3.50			3.00			3.17			3.17			2.75			2.75			—

5-year		2.27			1.27			2.23			1.97			1.53			1.53			—

1-year		–0.39			–5.11			–0.64			–4.46			–1.15			–2.10			–0.14

6-month		1.54			–3.27			1.40			–2.57			1.26			0.27			1.78


SEC 30-day Yield	3.85%						3.29%						3.29%							4.29%


Unsubsidized SEC 30-day Yield	3.75%						3.19%						3.19%							4.19%

Gross Expense Ratio	1.10%						1.86%						1.85%							0.83%

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 years one and two 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. The since inception and 10-year returns for Class B shares reflect the conversion of Class B shares into Class A shares eight years after purchase. 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 non-qualified 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. 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. SEC 30-day yield is a calculation for determining the amount of portfolio income, excluding non-income items as prescribed by the SEC. Yields are subject to change. Periods of less than one year are not annualized.

Fund Report

For the six-month period ended March 31, 2009

Market Conditions

Not surprisingly in this risk-averse environment, the lower-rated segment of the market underperformed, with high-yield municipal bonds (those rated below triple-B or non-rated issues) returning -21.25 percent for the fourth quarter (as measured by the Barclays Capital High Yield Municipal Bond Index) while triple-B rated issues returned -14.68 percent and triple-A rated issues returned 3.44 percent (as measured by the Barclays Capital Municipal Bond Index).

Performance Analysis

All share classes of Van Kampen Intermediate Term Municipal Income Fund underperformed the Barclays Capital Municipal Bond Index (the “Index”) for the six months ended March 31, 2009, assuming no deduction of applicable sales charges.

Total returns for the six-month period ended March 31, 2009


												Barclays Capital
												Municipal Bond
Class A			Class B			Class C			Class I			Index

	1.54	%		1.40	%		1.26	%		1.78	%		5.00	%

Other investments, however, were additive to relative performance. The Fund’s significant position in municipal auction rate securities with zero durations (a measure of interest-rate sensitivity) was beneficial as the yield on these securities remained well above those of comparable money market instruments. The Fund’s yield-curve positioning also helped to modestly enhance performance. We maintained an underweight to the five-year portion of the yield curve and an overweight to the 10- to 15-year portion of the curve. This positioning was advantageous as 10- to 15-year maturity range outperformed. The Fund’s holdings in pre-refunded* bonds also helped enhance returns.

In the latter half of the reporting period, we focused on selling weaker credits into strong retail demand, using the proceeds to invest in mid-quality securities at attractive values. We continue to be invested in municipal auction rate securities. This book of weekly auctioned paper had an average yield of approximately five percent in the first quarter of 2009. We anticipate having a variety of opportunities in the coming months to invest these short-term holdings at yields higher than what we have seen in the past several years.

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.


Ratings Allocation as of 3/31/09 (Unaudited)

AAA/Aaa	25.6	%
AA/Aa	29.0
A/A	16.9
BBB/Baa	15.9
Non-Rated	12.6


Top Five Sectors as of 3/31/09 (Unaudited)

Hospital	20.4	%
Public Education	9.3
General Purpose	7.1
Wholesale Electric	6.9
Utilities	5.8


Summary of Investments by State Classification as of 3/31/09 (Unaudited)

California	12.8	%
Texas	10.4
Florida	6.5
New York	5.1
Ohio	4.6
Illinois	4.0
Missouri	3.9
Pennsylvania	3.7
Colorado	3.3
Maryland	3.2
Washington	3.0
Indiana	2.9
New Jersey	2.4
North Carolina	2.2
South Carolina	2.1
Kentucky	2.1
Alabama	1.9
Michigan	1.9
Tennessee	1.9
New Mexico	1.7
Wisconsin	1.7
Minnesota	1.6
Louisiana	1.6
Arizona	1.5
Alaska	1.3
Kansas	1.3
Nebraska	1.1
Virginia	1.1
Hawaii	1.1
New Hampshire	1.0
North Dakota	0.9
Massachusetts	0.8
Idaho	0.7
Iowa	0.7
Arkansas	0.5
Wyoming	0.5
Oregon	0.5

(continued on next page)


Summary of Investments by State Classification as of 3/31/09 (Unaudited)
(continued from previous page)

Nevada	0.5	%
Mississippi	0.4
West Virginia	0.3
Georgia	0.3
Oklahoma	0.2
Delaware	0.2
Connecticut	0.0	*

Total Long-Term Investments	99.4
Total Short-Term Investments	2.8

Total Investments	102.2
Liability for Floating Rate Note Obligations	(2.1	)

Total Net Investments	100.1
Liabilities in Excess of Other Assets	(0.1	)

Net Assets	100.0	%


*		Amount is less than 0.1%

Provided for informational purposes only and should not be deemed as a recommendation to buy or sell the securities mentioned or securities in the sectors shown above. Subject to change daily. Ratings allocations and sector percentages are as a percentage of long-term investments. Securities are classified by sectors that represent broad groupings of related industries. Summary of investments by state classification are as a percentage of total 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. Rating allocations based upon ratings as issued by Standard and Poor’s and Moody’s, respectively.

For More Information About Portfolio Holdings

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

Householding Notice

Proxy Voting Policy and Procedures and Proxy Voting Record

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 Class 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 10/1/08 - 3/31/09.

Actual Expense

Hypothetical Example for Comparison Purposes


	Beginning		Ending		Expenses Paid
	Account Value		Account Value		During Period*

	10/1/08		3/31/09		10/1/08-3/31/09

Class A
Actual	$	1,000.00	$	1,015.43	$	4.77
Hypothetical		1,000.00		1,020.19		4.78
(5% annual return before expenses)

Class B
Actual		1,000.00		1,014.02		6.68
Hypothetical		1,000.00		1,018.30		6.69
(5% annual return before expenses)

Class C
Actual		1,000.00		1,017.76		8.55
Hypothetical		1,000.00		1,016.45		8.55
(5% annual return before expenses)

Class I
Actual		1,000.00		1,012.61		3.51
Hypothetical		1,000.00		1,021.44		3.53
(5% annual return before expenses)


*		Expenses are equal to the Fund’s annualized expense ratio of 0.95%, 1.33%, 1.70% and 0.70% for Class A, B, C and I Shares, respectively, multiplied by the average account value over the period, multiplied by 182/365 (to reflect the one-half year period). These expense ratios reflect an expense waiver. The expense ratio for Class B Shares reflects actual 12b-1 fees of less than 1%.

Assumes all dividends and distributions were reinvested.

The following table shows what expenses a shareholder would have paid, excluding interest and residual trust expenses.


	Beginning		Ending		Expenses Paid
	Account Value		Account Value		During Period*

	10/1/08		3/31/09		10/1/08-3/31/09

Class A
Actual	$	1,000.00	$	1,015.43	$	4.62
Hypothetical		1,000.00		1,020.34		4.63
(5% annual return before expenses)

Class B
Actual		1,000.00		1,014.02		6.53
Hypothetical		1,000.00		1,018.45		6.54
(5% annual return before expenses)

Class C
Actual		1,000.00		1,017.76		8.40
Hypothetical		1,000.00		1,016.60		8.40
(5% annual return before expenses)

Class I
Actual		1,000.00		1,012.61		3.36
Hypothetical		1,000.00		1,021.59		3.38
(5% annual return before expenses)


*		Expenses are equal to the Fund’s annualized expense ratio of 0.92%, 1.30%, 1.67% and 0.67% for Class A, B, C and I Shares, respectively, multiplied by the average account value over the period, multiplied by 182/365 (to reflect the one-half year period). These expense ratios reflect an expense waiver. The expense ratio for Class B Shares reflects actual 12b-1 fees of less than 1%.

Assumes all dividends and distributions were reinvested.

Van Kampen Intermediate Term Municipal Income Fund

Portfolio of Investments n March 31, 2009 (Unaudited)


Par
Amount
(000)		Description	Coupon			Maturity	Value


		Municipal Bonds 99.4% Alabama 1.9%
$	825	Cullman, AL Cullman Med Pk South Med Clinic Brd Rev Cullman Regl Med Ctr, Ser A		6.500	%	02/15/13	$	822,830
	1,260	Dothan Houston Cnty, AL Arpt Auth (NATL Insd) (AMT)		5.400		12/01/15		1,245,687
	2,000	Healthcare Auth For Baptist Hlth AL, Ser B (AGL Insd) (a) (b)		4.000		11/15/37		2,000,000

								4,068,517

		Alaska 1.3%
	250	Alaska Muni Bond BK, Ser 1		5.000		09/01/22		253,365
	400	Alaska Muni Bond BK, Ser 1		5.250		09/01/24		407,420
	1,000	Matanuska-Susitna Boro, AK Lease Rev Goose Creek Correctional Ctr (AGL Insd)		5.000		09/01/19		1,068,380
	1,000	Matanuska-Susitna Boro, AK Lease Rev Goose Greek Correctional Ctr (AGL Insd)		5.500		09/01/23		1,072,070

								2,801,235

		Arizona 1.5%
	1,000	Phoenix, AZ Civic Impt Corp Arpt Rev Sr Lien, Ser B (AMT)		5.000		07/01/13		1,014,060
	135	Pima Cnty, AZ Indl Dev Auth Indl Rev Lease Oblig Irvington Proj Tucson Rfdg, Ser A (FSA Insd)		7.250		07/15/10		135,686
	500	Pima Cnty, AZ Indl Dev Auth Wtr & Wastewtr Rev Global Wtr Res LLC Proj (AMT)		6.375		12/01/18		422,790
	500	Pinal Cnty, AZ Elec Dist No. 4 Sys Rev		5.250		12/01/18		433,035
	1,000	Salt River Proj AZ Agric Impt & Pwr Dist Elec Sys Rev, Ser A		5.000		01/01/22		1,068,350

								3,073,921

		Arkansas 0.5%
	950	University of AR Rev UALR Cap Impt, Ser B (FSA Insd)		4.500		12/01/19		1,010,316


		California 12.8%
	2,000	Beverly Hills, CA Uni Sch Dist Cap Apprec 2008 Election		*		08/01/21		1,110,860
	875	California Muni Fin Auth Ed Fac Rev High Tech High Chula Vista, Ser B (c)		5.500		07/01/18		720,545
	1,000	California Pollutn Ctl Fin Auth Solid Waste Disp USA Waste Svc Inc Rfdg, Ser A (AMT) (b)		4.500		06/01/18		975,820
	1,500	California St Dept Wtr Res Pwr, Ser A (AMBAC Insd) (Prerefunded @ 5/01/12)		5.375		05/01/18		1,704,675
	2,000	California St Dept Wtr Res Pwr Supply Rev, Ser F-5		5.000		05/01/22		2,044,460
	2,000	California Statewide Cmnty Dev Auth Rev ARS Insd Hlth Fac Catholic, Ser D (FSA Insd) (a) (b)		1.500		07/01/41		2,000,000
	2,000	California Statewide Cmnty Dev Auth Rev Mtg Methodist Hosp Proj (FHA Insd)		6.250		08/01/24		2,068,240

See Notes to Financial Statements

Van Kampen Intermediate Term Municipal Income Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity	Value


		California (Continued)
$	1,000	Carlsbad, CA Spl Tax Non Escrow Cmnty Fac 3 Impt 2		5.700	%	09/01/22	$	826,480
	1,000	Desert Hot Springs, CA Redev Agy Tax Alloc Merged Redev Proj, Ser A2		5.000		09/01/23		819,010
	1,500	Los Angeles, CA Uni Sch Dist, Ser F		5.000		07/01/19		1,608,720
	470	Morongo Band of Mission Indians CA Enterprise Rev Indians Enterprise Casino, Ser B (c)		5.500		03/01/18		388,319
	495	Palm Springs, CA Arpt Rfdg Sub Palm Springs Intl Arpt (AMT)		5.300		07/01/13		457,875
	2,000	Palomar Pomerado Hlthcare Dist CA Ctf Partn, Ser B (FSA Insd) (a) (b)		5.000		11/01/36		2,000,000
	975	Palomar Pomerado Hlthcare Dist CA Ctf Partn, Ser C (FSA Insd) (a) (b)		6.000		11/01/36		975,000
	565	Perris, CA Pub Fin Auth Rev Tax Alloc		4.750		10/01/13		528,625
	1,500	Port Oakland, CA, Ser L (NATL Insd) (AMT)		5.000		11/01/21		1,304,220
	3,000	Poway, CA Uni Sch Dist Election 2008 Impt Dist 07-1-A		*		08/01/21		1,546,560
	500	Quechan Indian Tribe Ft Yuma Indian Res CA Govt Proj		6.625		12/01/17		386,760
	795	University CA Rev, Ser O (d) (e)		5.750		05/15/23		877,016
	1,185	University CA Rev, Ser O (d) (e)		5.750		05/15/25		1,281,269
	2,000	Vernon, CA Nat Gas Fin Auth Rev Vernon Gas Proj, Ser C (NATL Insd) (a) (b)		7.500		08/01/21		2,000,000
	1,000	West Contra Costa, CA Uni Sch Dist Election of 2005, Ser B		6.000		08/01/23		1,094,920

								26,719,374

		Colorado 3.3%
	500	Colorado Hlth Fac Auth Rev Christian Living Cmnty Proj, Ser A		5.250		01/01/15		477,850
	1,560	Colorado Springs, CO Util Rev Sys Sub Lien Impt, Ser A		5.000		11/15/19		1,642,056
	1,000	Denver, CO City & Cnty Arpt Rev Rfdg, Ser D (FSA Insd) (AMT)		5.500		11/15/12		1,032,760
	2,000	Denver, CO City & Cnty Just Sys (d)		5.000		08/01/24		2,134,810
	500	Denver, CO City & Cnty Just Sys (d)		5.000		08/01/25		528,775
	1,000	University of CO Enterprise Sys Rev, Ser A		5.500		06/01/25		1,060,350

								6,876,601

		Connecticut 0.0%
	60	New Haven, CT Indl Fac Rev Adj Govt Ctr Thermal Energies (AMT)		7.250		07/01/09		59,863


		Delaware 0.2%
	500	New Castle Cnty, DE Rev Newark Charter Sch Inc Proj		5.000		09/01/22		368,100

See Notes to Financial Statements

Van Kampen Intermediate Term Municipal Income Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity	Value



		Florida 6.5%
$	1,000	Brevard Cnty, FL Sch Brd Ctf Rfdg, Ser B (NATL Insd)		5.000	%	07/01/20	$	983,050
	1,000	Broward Cnty, FL Arpt Sys Rev Rfdg, Ser E (NATL Insd) (AMT)		5.375		10/01/13		1,010,170
	2,000	Florida St Brd Ed Pub Ed Rfdg Cap Outlay 2007, Ser A		5.000		06/01/19		2,159,660
	500	Halifax, FL Hosp Med Ctr Hosp Rfdg & Impt, Ser A		5.250		06/01/19		458,690
	3,000	Highlands Cnty, FL Hlth Fac Auth Rev Adventist Hlth, Ser A (b)		6.500		11/15/38		3,054,030
	500	Hillsborough Cnty, FL Indl Dev Auth Pollutn Ctl Rev Ida Rfdg (AMBAC Insd) (b)		5.000		12/01/34		503,055
	250	Landmark at Doral Cmnty Dev Dist FL Spl Assmt, Ser B		5.200		05/01/15		115,312
	250	Main Str Cmnty Dev Dist FL Cap Impt Rev, Ser B		6.900		05/01/17		198,095
	500	Orange Cnty, FL Hlth Fac Auth Rev Hlthcare Orlando Lutheran Rfdg		5.375		07/01/20		368,635
	1,000	Orange Cnty, FL Hlth Fac Auth Rev Hosp Adventist Hlth Sys (FSA Insd)		6.000		11/15/22		1,001,010
	1,500	Orange Cnty, FL Sch Brd Ctf, Ser A (AMBAC Insd)		5.250		08/01/14		1,579,965
	1,000	Putnam Cnty, FL Dev Auth Pollutn Ctl Rev Rfdg Seminole Proj, Ser A (AMBAC Insd) (b)		5.350		03/15/42		990,820
	750	Seminole Tribe, FL Spl Oblig Rev, Ser A (c)		5.750		10/01/22		577,478
	670	Tolomato Cmnty Dev Dist FL Spl Assmt		6.450		05/01/23		497,750

								13,497,720

		Georgia 0.3%
	600	Putnam Cnty, GA Dev Auth Pollutn Ctl Rev GA Pwr Co, Ser 1		5.100		06/01/23		593,400


		Hawaii 1.1%
	1,875	Hawaii St, Ser DK (d)		5.000		05/01/23		1,981,444
	250	Hawaii St Dept Budget & Fin Spl Purp Rev Kahala Nui Proj, Ser A		7.875		11/15/23		239,230

								2,220,674

		Idaho 0.7%
	500	Idaho Hlth Fac Auth Rev Saint Lukes Hlth Sys Proj, Ser A		6.500		11/01/23		527,490
	955	Idaho Hsg & Fin Assn Single Family Mtg Rev, Class I, Ser A (AMT)		5.000		07/01/17		977,719

								1,505,209

		Illinois 4.0%
	1,000	Bartlett, IL Tax Increment Rev Rfdg Sr Lien Quarry Redev Proj		5.600		01/01/23		749,760
	500	Hodgkins, IL Tax Increment Rev Sr Lien Rfdg		5.000		01/01/14		477,465
	1,140	Huntley, IL Spl Svc Area No 7 Spl Tax Rfdg (AGL Insd)		4.600		03/01/17		1,197,433

See Notes to Financial Statements

Van Kampen Intermediate Term Municipal Income Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity	Value


		Illinois (Continued)
$	1,000	Illinois Dev Fin Auth Pollutn Ctl Rev Amerencips Rfdg, Ser A (b)		5.500	%	03/01/14	$	919,520
	1,000	Illinois Fin Auth Rev Advocate Hlthcare Network, Ser D		6.125		11/01/23		1,042,610
	1,000	Illinois Fin Auth Rev Art Inst Chicago, Ser A		5.250		03/01/19		1,032,900
	750	Illinois Fin Auth Rev Fairview Oblig Group Rfdg, Ser A		6.000		08/15/22		557,820
	500	Illinois Fin Auth Rev Landing at Plymouth Pl Proj, Ser A		5.250		05/15/14		449,290
	300	Lincolnshire, IL Spl Svc Area Sedgebrook Proj		5.000		03/01/11		283,140
	846	Pingree Grove Vlg, IL Spl Svc Area No 1 Spl Tax Cambridge Lakes Proj, Ser 05		5.250		03/01/15		645,879
	1,000	Round Lake Beach, IL Tax Increment Rev		4.650		12/15/13		1,000,940

								8,356,757

		Indiana 2.9%
	1,000	Allen Cnty, IN Juvenile Just Ctr First Mtg (AMBAC Insd)		5.500		01/01/18		1,068,100
	1,000	Carmel Cnty, IN Redev Auth Opt Income Tax Lease Rent Rev (NATL Insd)		5.000		07/01/22		1,044,410
	830	Hobart, IN Bldg Corp First Mtg (NATL Insd)		5.500		07/15/13		936,190
	500	Indiana Hlth & Edl Fac Fin Auth Hosp Rev Cmnty Fndtn Northwest IN		5.500		03/01/22		446,460
	365	Indiana Hlth & Edl Fac Fin Auth Rev Rfdg Saint Francis (FSA Insd)		5.250		11/01/24		367,657
	200	Indiana Hlth & Edl Fac Fin Auth Rev Rfdg Saint Francis (FSA Insd)		5.250		11/01/25		200,020
	175	Indiana Hlth & Edl Fac Fin Auth Rev Rfdg Saint Francis (FSA Insd)		5.250		11/01/26		173,210
	500	Indianapolis, IN Arpt Auth Rev Rfdg Spl Fac Fed Ex Corp Proj (GTY AGMT: Federal Express Co) (AMT)		5.100		01/15/17		441,580
	400	Saint Joseph Cnty, IN Econ Dev Rev Holy Cross Vlg Notre Dame Proj, Ser A		5.750		05/15/13		375,796
	1,000	University of Southn IN Rev Student Fee, Ser J (AGL Insd)		5.000		10/01/19		1,040,800

								6,094,223

		Iowa 0.7%
	1,000	Altoona, IA Urban Renewal Tax Increment Rev Annual Appropriation		5.625		06/01/23		898,720
	500	Coralville, IA Ctf Partn, Ser D		5.250		06/01/22		479,540

								1,378,260

		Kansas 1.3%
	1,000	Burlington, KS Environmental Impt Rev KC Pwr LT Rfdg, Ser B (Syncora Gtd) (b)		5.000		12/01/23		1,010,890
	500	Kansas St Dev Fin Auth Hlth Fac Rev Hays Med Ctr Inc, Ser L		5.250		11/15/16		510,900

See Notes to Financial Statements

Van Kampen Intermediate Term Municipal Income Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity	Value


		Kansas (Continued)
$	1,000	Shawnee Cnty, KS Sch Dist 501 Topeka (Prerefunded @ 2/01/12)		5.000	%	02/01/20	$	1,104,410
	120	Wyandotte Cnty, KS City KS Univ Brd of Public Util Office Bldg Complex Proj (NATL Insd)		5.000		05/01/11		126,520

								2,752,720

		Kentucky 2.1%
	1,000	Kentucky Econ Dev Fin Auth Hosp Fac Rev Baptist Hlthcare Sys, Ser A		5.000		08/15/18		1,008,510
	1,000	Kentucky Econ Dev Fin Auth Hosp Fac Rev Baptist Hlthcare Sys, Ser A		5.375		08/15/24		1,009,440
	310	Kentucky Hsg Corp Hsg Rev, Ser A (AMT)		5.000		01/01/23		299,506
	1,000	Louisville & Jefferson Cnty, KY, Ser C (FSA Insd) (AMT)		5.500		07/01/17		1,001,780
	1,000	Paducah, KY Elec Plant Brd Rev, Ser A (AGL Insd)		5.000		10/01/25		1,015,980

								4,335,216

		Louisiana 1.6%
	250	Colonial Pinnacle Cmnty Dev Dist Dev		6.750		05/01/23		175,513
	594	Lakeshore Vlg Master Cmnty Dev Dist LA Spl Assmt		5.250		07/01/17		453,578
	1,235	New Orleans, LA Aviation Brd Rev Restructuring Garbs Rfdg, Ser A-1 (AGL Insd)		5.000		01/01/18		1,220,279
	500	New Orleans, LA Aviation Brd Rev Restructuring Garbs Rfdg, Ser A-1 (AGL Insd)		5.000		01/01/19		487,910
	1,000	Rapides Fin Auth LA Rev Cleco Pwr Proj (AMT) (b)		5.250		11/01/37		952,850

								3,290,130

		Maryland 3.2%
	1,000	Maryland St Econ Dev Corp Student Hsg Rev Univ MD College Pk Proj Rfdg (CIFG Insd)		5.000		06/01/13		946,090
	625	Maryland St Econ Dev Corp Univ MD College Pk Proj (g)		5.750		06/01/13		728,912
	500	Maryland St Hlth & Higher Edl Fac Auth Rev Johns Hopkins Hlth Sys, Ser B (b)		5.000		05/15/48		532,365
	250	Maryland St Hlth & Higher Edl Fac Auth Rev Washington Cnty Hosp		5.250		01/01/23		209,888
	500	Maryland St Hlth & Higher King Farm Presbyterian Cmnty, Ser B		5.000		01/01/17		382,920
	3,000	Maryland St Trans Auth Grant & Rev Antic		5.250		03/01/20		3,446,640
	500	Prince Georges Cnty, MD Spl Oblig Natl Harbor Proj		4.700		07/01/15		413,635

								6,660,450

		Massachusetts 0.8%
	1,500	Massachusetts St Hlth & Edl Fac Auth Rev Caregroup, Ser D (NATL Insd)		5.250		07/01/23		1,305,240

See Notes to Financial Statements

Van Kampen Intermediate Term Municipal Income Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity	Value


		Massachusetts (Continued)
$	500	Massachusetts St Hlth & Edl Fac Auth Rev Quincy Med Ctr, Ser A		5.850	%	01/15/18	$	415,670

								1,720,910

		Michigan 1.9%
	1,000	Brighton, MI Area Sch Dist Rfdg		5.250		05/01/18		1,068,060
	1,000	Brighton, MI Area Sch Dist Rfdg		5.250		05/01/20		1,050,860
	250	Dearborn, MI Econ Dev Corp Rev Rfdg Ltd Oblig-Henry Ford Vlg		6.000		11/15/18		203,387
	500	Iron River, MI Hosp Fin Auth Rfdg Iron Cnty Cmnty Hosp		6.000		05/15/20		408,190
	1,000	Kent Hosp Fin Auth MI Rev Spectrum Hlth, Ser A (b)		5.500		01/15/47		1,020,500
	250	Michigan St Strategic Fd Ltd Oblig United Waste Sys Proj (AMT)		5.200		04/01/10		247,315

								3,998,312

		Minnesota 1.6%
	250	Dakota Cnty, MN Cmnty Dev Agy Multi Family Hsg Rev Rfdg Com on Marice Proj, Ser A		5.000		11/01/22		175,617
	250	Duluth, MN Hsg & Redev Auth Hlthcare & Hsg Rev Benedictine Hlth Ctr Proj		5.500		11/01/17		208,080
	430	Inver Grove Heights, MN Presbyterian Homes Care Rfdg		5.000		10/01/16		387,568
	500	Minneapolis, MN Hlthcare Sys Rev Fairview Hlth Svc, Ser A		6.375		11/15/23		523,750
	2,000	Northern Muni Pwr Agy MN Elec Sys Rev Rfdg, Ser A (AGL Insd)		5.000		01/01/15		2,139,860

								3,434,875

		Mississippi 0.4%
	1,000	Mississippi Business Fin Corp MS Pollutn Ctl Rev Sys Energy Res Inc Proj		5.875		04/01/22		852,910


		Missouri 3.9%
	500	Fenton, MO Tax Increment Rev Gravois Bluffs Redev Proj Rfdg		5.000		04/01/13		504,740
	610	Ferguson, MO Tax Increment Rev Crossing at Halls Ferry Rfdg		5.500		04/01/14		572,076
	1,350	Kansas City, MO Indl Dev Auth Plaza Lib Proj		6.000		03/01/16		1,250,032
	1,000	Macon, MO Ctf Partn (NATL Insd)		5.250		08/01/17		1,009,370
	240	Maryland Heights, MO Tax Increment Rev South Heights Redev Proj Rfdg, Ser A		5.500		09/01/18		202,860
	1,500	Missouri St Environmental Impt & Energy Res Auth KC Pwr & LT Co Proj (AMT) (b)		4.900		05/01/38		1,471,020
	500	Raytown, MO Annual Raytown Live Redev Plan Proj 1		5.000		12/01/16		519,710
	2,000	Saint Charles, MO Ctf Partn, Ser B		5.500		05/01/18		2,053,880

See Notes to Financial Statements

Van Kampen Intermediate Term Municipal Income Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity	Value


		Missouri (Continued)
$	540	Saint Louis Cnty, MO Indl Dev Auth Hlth Fac Rev Rfdg Ranken Jordan Proj		5.000	%	11/15/22	$	343,597
	250	Saint Louis Cnty, MO Indl Dev Auth Sr Living Fac Rev Friendship Vlg West Cnty, Ser A		5.250		09/01/17		230,048

								8,157,333

		Nebraska 1.1%
	560	Municipal Energy Agy of NE Pwr Supply Sys Rev Rfdg, Ser A (BHAC Insd)		5.125		04/01/23		600,197
	1,500	University of NE Fac Corp Defd Maint (AMBAC Insd)		5.000		07/15/17		1,655,340

								2,255,537

		Nevada 0.5%
	1,000	Las Vegas, NV Redev Agy Tax Increment Rev, Ser A		7.000		06/15/20		981,640


		New Hampshire 1.0%
	2,000	New Hampshire St Business Fin Auth Pollutn Ctl Rev Utd Illum Co Proj (AMT) (b)		7.125		07/01/27		2,007,060


		New Jersey 2.4%
	1,500	New Jersey Econ Dev Auth Rev Cig Tax		5.500		06/15/16		1,367,055
	500	New Jersey Econ Dev Auth Rev First Mtg Presbyterian, Ser A		6.250		11/01/20		404,910
	1,000	New Jersey Hlthcare Fac Fin Auth Rev Saint Clare’s Hosp Inc Rfdg, Ser A (Radian Insd) (g)		5.250		07/01/20		1,136,590
	500	New Jersey Hlthcare Fac Fin Auth Rev Saint Josephs Hlthcare Sys		5.750		07/01/15		435,955
	455	Rahway, NJ Ctf Partn (MBIA Insd)		5.500		02/15/16		472,955
	565	Rahway, NJ Ctf Partn (MBIA Insd)		5.600		02/15/17		587,741
	855	Tobacco Settlement Fin Corp NJ, Ser 1A		4.500		06/01/23		626,672

								5,031,878

		New Mexico 1.7%
	1,000	Jicarilla, NM Apache Nation Rev, Ser A (Acquired 10/23/03, Cost $1,020,380) (f)		5.500		09/01/23		1,013,960
	1,310	New Mexico Fin Auth Rev Sr Lien Pub Proj Revolving Fd, Ser B (NATL Insd)		5.000		06/01/17		1,450,956
	1,000	New Mexico St Hosp Equip Ln Council Hosp Rev Presbyterian Hlthcare Svc, Ser A		6.000		08/01/23		1,069,540

								3,534,456

		New York 5.1%
	500	Albany, NY Indl Dev Agy Civic Fac Rev Saint Peters Hosp Proj, Ser A		5.750		11/15/22		458,115
	55	Brookhaven, NY Indl Dev Agy Sr Residential Hsg Rev Woodcrest Estates Fac, Ser A (AMT)		5.875		12/01/09		54,896

See Notes to Financial Statements

Van Kampen Intermediate Term Municipal Income Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity	Value


		New York (Continued)
$	1,000	Long Island Pwr Auth NY Elec Gen, Ser C (Prerefunded @ 9/01/13)		5.500	%	09/01/17	$	1,163,700
	210	Madison Cnty, NY Indl Dev Agy Civic Fac Rev Oneida Hlth Sys Inc Proj, Ser A		4.500		02/01/17		183,987
	1,000	New York City Fiscal 2008, Subser A-4 (FSA Insd) (a) (b)		2.970		08/01/26		1,000,000
	500	New York City Indl Dev Agy Rev Liberty 7 World Trade Ctr, Ser A		6.250		03/01/15		419,580
	200	New York City Indl Dev Agy Rev Queens Baseball Stad Pilot (AGL Insd)		5.000		01/01/18		209,958
	200	New York City Indl Dev Agy Rev Queens Baseball Stad Pilot (AGL Insd)		5.000		01/01/19		208,130
	2,000	New York City Indl Dev Agy Spl Fac Rev NY Stk Exchange Proj, Ser A		5.400		05/01/19		2,006,020
	780	New York City Indl Dev Agy Spl Fac Rev Term One Group Assn Proj (AMT)		5.000		01/01/10		781,794
	1,000	New York City Transitional Fin Auth Bldg Aid Rev Fiscal 2009, Ser S-3		5.000		01/15/20		1,034,120
	1,000	New York City Transitional Fin Auth Bldg Aid Rev Fiscal 2009, Ser S-3		5.000		01/15/21		1,023,800
	2,000	New York St Environmental Fac Corp St Clean Wtr & Drinking Revolving Fd Muni Wtr Fin, Ser C		5.000		06/15/21		2,116,500
	5	Niagara Falls, NY Pub Impt (NATL Insd)		6.900		03/01/20		5,002

								10,665,602

		North Carolina 2.2%
	1,250	North Carolina Eastn Muni Pwr Agy Pwr Sys Rev, Ser C (AGL Insd)		6.000		01/01/19		1,309,237
	1,000	North Carolina Eastn Muni Pwr Agy Pwr Sys Rev, Ser C		6.750		01/01/24		1,046,740
	630	North Carolina Eastn Muni Pwr Agy Pwr Sys Rev, Ser D		6.450		01/01/14		645,492
	500	North Carolina Med Care Commn Hlthcare Fac Rev Rfdg First Mtg Salemtowne		5.000		10/01/15		450,545
	250	North Carolina Med Care Commn Retirement Fac Rev First Mtg Southminster Proj, Ser A		5.300		10/01/19		215,170
	1,000	North Carolina Muni Pwr Agy, Ser A (NATL Insd)		5.250		01/01/19		1,014,860

								4,682,044

		North Dakota 0.9%
	500	Grand Forks, ND Sr Hsg Rev 4000 Vly Square Proj Rfdg		5.000		12/01/16		405,870
	1,195	North Dakota Pub Fin Auth St Revolving Fd Pgm, Ser A		5.500		10/01/19		1,382,878

								1,788,748

See Notes to Financial Statements

Van Kampen Intermediate Term Municipal Income Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity	Value


		Ohio 4.6%
$	500	Adams Cnty Hosp Fac Impt Rev Adams Cnty Hosp Proj		6.250	%	09/01/20	$	365,645
	500	Athens Cnty, OH Hosp Fac Rev & Impt O’ Bleness Mem Rfdg, Ser A		6.250		11/15/13		471,175
	2,215	Buckeye, OH Tob Settlement Fin Auth Asset Bkd Sr Turbo, Ser A2		5.125		06/01/24		1,587,070
	1,370	Cleveland, OH Non Tax Rev Cleveland Stad Proj Rfdg (AMBAC Insd)		5.125		12/01/20		1,419,114
	185	Dayton, OH Spl Fac Rev Afco Cargo Day LLC Proj (AMT)		6.000		04/01/09		185,000
	1,500	Lorain Cnty, OH Hosp Rev Fac Catholic, Ser H (AGL Insd)		5.000		02/01/24		1,511,835
	1,000	Montgomery Cnty, OH Rev Miami Vly Hosp, Ser B (b)		5.250		11/15/39		1,001,140
	750	Ohio Muni Elec Generation Agy Jt Venture 5 Ctf Ben Int Rfdg (AMBAC Insd)		5.000		02/15/21		694,118
	1,500	Ohio St Air Quality Dev Auth Rev OH Pwr, Ser A (AMT) (b)		7.125		06/01/41		1,507,755
	1,000	Ohio St Wtr Dev Auth Solid Waste Rev Allied Waste Inc Proj, Ser A (AMT)		5.150		07/15/15		892,760

								9,635,612

		Oklahoma 0.2%
	455	Chickasaw Nation, OK Hlth Sys (c)		5.375		12/01/17		394,007


		Oregon 0.5%
	1,000	Port Morrow, OR Pollutn Ctl Portland Gen Rfdg, Ser A (b)		5.200		05/01/33		1,001,090


		Pennsylvania 3.7%
	500	Allegheny Cnty, PA Indl Dev Auth Lease Rev Residential Res Inc Proj		5.000		09/01/21		401,320
	225	Allegheny Cnty, PA Redev Auth Rev Pittsburgh Mills Proj		5.100		07/01/14		199,642
	1,120	Canon McMillan Sch Dist PA Rfdg, Ser A (NATL Insd)		5.000		12/15/15		1,223,846
	250	Lancaster Cnty, PA Hosp Auth Re Brethren Vlg Proj, Ser A		5.200		07/01/12		237,890
	500	Monroe Cnty, PA Hosp Auth Rev Hosp Pocono Med Ctr		5.000		01/01/17		484,815
	500	Montgomery Cnty, PA Indl Dev Auth Rev Mtg Whitemarsch Cont Care Proj		6.000		02/01/21		365,310
	1,000	Pennsylvania Hsg Fin Agy Single Family Mtg Rev, Ser 103 (AMT)		5.700		04/01/22		1,037,480
	900	Philadelphia, PA Gas Wks Rev, Ser 3 (FSA Insd)		5.000		08/01/10		941,076
	750	Philadelphia, PA Gas Wks Rev, Ser 18 (AGL Insd)		5.250		08/01/18		793,403

See Notes to Financial Statements

Van Kampen Intermediate Term Municipal Income Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity	Value


		Pennsylvania (Continued)
$	2,000	Philadelphia, PA Redev Auth Rev Neighborhood Trans, Ser A (NATL Insd)		5.500	%	04/15/16	$	2,063,860

								7,748,642

		South Carolina 2.1%
	1,000	Kershaw Cnty, SC Pub Sch Fndtn Installment Pwr Rev Kershaw Cnty Sch Dist Proj (CIFG Insd)		5.000		12/01/22		1,007,210
	1,065	Lexington, SC Wtr & Swr Rev & Impt Comb Rfdg, Ser A (NATL Insd)		5.000		04/01/14		1,107,110
	1,000	Piedmont Muni Pwr Agy SC Elec Rev, Ser A-2		5.000		01/01/24		928,350
	500	South Carolina Jobs Econ Dev Auth Hlthcare Fac Rev First Mtg Lutheran Homes Rfdg		5.000		05/01/12		478,315
	135	South Carolina Jobs Econ Dev Auth Hlthcare Fac Rev First Mtg Lutheran Homes Rfdg		5.125		05/01/13		124,393
	770	Tobacco Settlement Rev Mgmt Auth SC Tob Settlement Rev Rfdg		5.000		06/01/18		737,537

								4,382,915

		Tennessee 1.9%
	370	Chattanooga, TN Hlth Ed Hsg Fac CDFI Phase I LLC Proj Rfdg, Ser A		5.000		10/01/15		330,366
	700	Franklin, TN Spl Sch Dist Cap Apprec (FSA Insd)		*		06/01/15		577,640
	1,000	Gatlinburg, TN Pub Bldg Auth Rfdg (AMBAC Insd)		5.750		12/01/11		1,097,620
	500	Shelby Cnty, TN Hlth Ed & Hsg Fac Brd Rev Trezevant Manor Proj, Ser A		5.250		09/01/16		416,260
	1,000	Shelby Cnty, TN Hlth Edl & Hsg Fac Brd Rev, Ser C		5.250		06/01/18		976,840
	700	Sullivan Cnty, TN Hlth Edl & Hsg Fac Brd Hosp Rev Wellmont Hlth Sys Proj, Ser C		5.000		09/01/22		472,899

								3,871,625

		Texas 10.4%
	1,000	Alliance Arpt Auth Inc TX Spl Fac Rev FedEx Corp Proj Rfdg (AMT)		4.850		04/01/21		793,040
	1,500	Austin, TX Wtr & Wastewater Sys Rev Austin Wtr & Swr, Ser A		5.000		11/15/24		1,560,510
	225	Dallas Cnty, TX Flood Ctl Dist Rfdg		6.750		04/01/16		221,139
	1,500	Dallas, TX Civic Ctr Rfdg & Impt (AGL Insd)		5.000		08/15/18		1,595,460
	500	Dallas-Fort Worth, TX Intl Arpt Rev Jt, Ser C (NATL Insd) (AMT)		5.750		11/01/18		498,405
	500	Dallas-Fort Worth, TX Intl Arpt Rev Jt, Ser C (NATL Insd) (AMT)		6.000		11/01/23		500,110
	500	Harris Cnty, TX Hlth Fac Dev Corp Hosp Rev Rfdg Mem Hermann Hlthcare Sys, Ser B		7.000		12/01/27		527,770
	1,000	Harris Cnty, TX Hlth Fac Dev Corp Rev Christus Hlth, Ser A-4 (FSA Insd) (a) (b)		3.500		07/01/31		1,000,000
	1,000	Harris Cnty, TX Hlth Fac Dev Corp Rev Christus Hlth, Ser A-5 (FSA Insd) (a) (b)		2.039		07/01/36		1,000,000
	500	Hidalgo Cnty, TX Hlth Svc Mission Hosp Inc Proj		5.000		08/15/13		470,420

See Notes to Financial Statements

Van Kampen Intermediate Term Municipal Income Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity	Value


		Texas (Continued)
$	350	Hidalgo Cnty, TX Hlth Svc Mission Hosp Inc Proj		5.000	%	08/15/19	$	291,781
	500	Hopkins Cnty, TX Hosp Dist Hosp Rev		5.500		02/15/23		388,790
	250	Lufkin, TX Hlth Fac Dev Corp Hlth Sys Rev Mem East Texas		5.125		02/15/22		181,802
	500	Mesquite, TX Hlth Fac Dev Retirement Christian Care		5.000		02/15/15		421,885
	400	Mission, TX Econ Dev Corp Solid Waste Disp Rev Allied Waste Inc Proj A (AMT)		5.200		04/01/18		347,556
	500	Mission, TX Econ Dev Corp Solid Waste Disp Rev Waste Mgmt Inc Proj (AMT) (b)		6.000		08/01/20		478,030
	500	North TX Twy Auth Rev Sys First Tier Put Rfdg, Ser L-2 (b)		6.000		01/01/38		528,580
	1,000	North TX Twy Auth Rev Sys First Tier Rfdg, Ser A		6.000		01/01/23		1,049,840
	1,000	Spring, TX Indpt Sch Dist Sch House (PSF Gtd)		5.000		08/15/24		1,062,040
	500	Tarrant Cnty, TX Cultural Ed Fac Fin Corp Buckner Retirement Svc Inc Proj		5.000		11/15/17		476,875
	1,000	Tarrant Cnty, TX Cultural Ed Fac Fin Corp Hosp Rev Rfdg Baylor Hlthcare Sys Proj		5.750		11/15/24		1,015,060
	2,000	Tarrant Cnty, TX Cultural Ed Fac Fin Corp Rev Christus Hlth Rfdg, Ser A (AGL Insd)		5.750		07/01/18		2,189,680
	2,000	Texas St Transn Commn Rev First Tier, Ser A		5.000		04/01/20		2,169,320
	3,000	Texas Transn Commn Cent TX Tpk Sys Rev Rfdg First Tier Put (b)		5.000		08/15/42		3,010,200

								21,778,293

		Virginia 1.1%
	1,000	Tobacco Settlement Fin Corp VA Asset Bkd		5.250		06/01/19		1,052,710
	1,000	Washington Cnty, VA Indl Dev Auth Hosp Fac Rev Mtn St Hlth Alliance, Ser C		7.250		07/01/19		986,730
	250	White Oak Vlg Shops VA Cmnty Dev Auth Spl Assmt Rev		5.300		03/01/17		206,005

								2,245,445

		Washington 3.0%
	175	Kalispel Tribe Indians Priority Dist WA Rev		6.200		01/01/16		151,585
	1,725	Seattle, WA Muni Lt & Pwr Rev Rfdg & Impt		5.750		04/01/23		1,896,085
	1,000	Tes Pptys Washington		5.000		12/01/24		990,290
	3,000	Washington St, Ser A (FSA Insd)		5.000		07/01/20		3,194,700

								6,232,660

		West Virginia 0.3%
	250	Ohio Cnty, WV Cnty Commn Tax Increment Rev Fort Henry Ctr Fin Dist, Ser A		5.625		06/01/22		194,745
	500	West Virginia St Hosp Fin Auth Hosp Rev Thomas Hlth Sys		6.000		10/01/20		435,050

								629,795

See Notes to Financial Statements

Van Kampen Intermediate Term Municipal Income Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


Par
Amount
(000)			Description	Coupon			Maturity	Value


			Wisconsin 1.7%
$	1,370		Superior, WI Collateralized Util Rev Superior Wtr Lt & Pwr Proj Rfdg, Ser A (AMT)		5.375	%	11/01/21	$	1,181,050
	1,875		Wisconsin Hsg & Econ Dev Auth Home Ownership Rev, Ser A (AMT)		5.300		09/01/23		1,874,905
	500		Wisconsin St Hlth & Ed Fac Beaver Dam Cmnty Hosp Inc, Ser A		5.500		08/15/14		451,575

									3,507,530

			Wyoming 0.5%
	1,000		Wyoming Muni Pwr Agy Pwr Supply, Ser A		5.375		01/01/25		1,004,760


Total Long-Term Investments 99.4% (Cost $210,643,240)									207,206,365

Total Short-Term Investments 2.8% (Cost $5,750,000)									5,750,000


Total Investments 102.2% (Cost $216,393,240)									212,956,365

Liability for Floating Rate Note Obligations Related to Securities Held (2.1%) (Cost ($4,275,000))
	(4,275	)	Notes with interest rates ranging from 0.36% to 0.49% at March 31, 2009 and contractual maturities of collateral ranging from 2023 to 2025 (see Note 1) (h)						(4,275,000	)


Total Net Investments 100.1% (Cost $212,118,240)									208,681,365

Liabilities in Excess of Other Assets (0.1%)									(158,228	)


Net Assets 100.0%								$	208,523,137

Percentages are calculated as a percentage of net assets.


*		Zero coupon bond

(a)		Security includes a feature allowing the Fund an option on any interest rate payment date to offer the security for sale at par. The sale is contingent upon market conditions.

(b)		Variable Rate Coupon

(c)		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.

(d)		Underlying security related to Inverse Floaters entered into by the Fund. See Note 1.

See Notes to Financial Statements

Van Kampen Intermediate Term Municipal Income Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


(e)		Security purchased on a when-issued or delayed delivery basis.

(f)		Security is restricted and may be resold only in transactions exempt from registration which are normally those transactions with qualified institutional buyers. Restricted securities comprise 0.5% of net assets.

(g)		Escrowed to Maturity

(h)		Floating rate notes. The interest rates shown reflect the rates in effect at March 31, 2009.

AGL—Assured Guaranty Ltd.

AMBAC—AMBAC Indemnity Corp.

AMT—Alternative Minimum Tax

BHAC—Berkshire Hathaway Assurance Corp.

CIFG—CDC IXIS Financial Guaranty

FHA—Federal Housing Administration

FSA—Financial Security Assurance Inc.

GTY AGMT—Guarantee Agreement

NATL—National Public Finance Guarantee Corp.

MBIA—Municipal Bond Investors Assurance Corp.

PSF—Public School Fund

Radian—Radian Asset Assurance

Syncora—Syncora Guarantee, Inc.

See Notes to Financial Statements

Van Kampen Intermediate Term Municipal Income Fund

Financial Statements

Statement of Assets and Liabilities

March 31, 2009 (Unaudited)


Assets:
Total Investments (Cost $216,393,240)	$	212,956,365
Receivables:
Interest		2,744,183
Investments Sold		2,145,466
Fund Shares Sold		878,223
Other		99,742

Total Assets		218,823,979

Liabilities:
Payables:
Floating Rate Note Obligations		4,275,000
Investments Purchased		2,941,439
Custodian Bank		2,009,177
Fund Shares Repurchased		487,020
Income Distributions		172,460
Distributor and Affiliates		71,761
Investment Advisory Fee		69,198
Trustees’ Deferred Compensation and Retirement Plans		185,674
Accrued Expenses		89,113

Total Liabilities		10,300,842

Net Assets	$	208,523,137

Net Assets Consist of:
Capital (Par value of $0.01 per share with an unlimited number of shares authorized)	$	212,644,078
Accumulated Undistributed Net Investment Income		200,187
Accumulated Net Realized Loss		(884,253	)
Net Unrealized Depreciation		(3,436,875	)

Net Assets	$	208,523,137

Maximum Offering Price Per Share:
Class A Shares:
Net asset value and redemption price per share (Based on net assets of $167,631,806 and 16,789,329 shares of beneficial interest issued and outstanding)	$	9.98
Maximum sales charge (4.75%* of offering price)		0.50

Maximum offering price to public	$	10.48

Class B Shares:
Net asset value and offering price per share (Based on net assets of $11,940,397 and 1,178,680 shares of beneficial interest issued and outstanding)	$	10.13

Class C Shares:
Net asset value and offering price per share (Based on net assets of $27,375,327 and 2,745,226 shares of beneficial interest issued and outstanding)	$	9.97

Class I Shares:
Net asset value and offering price per share (Based on net assets of $1,575,607 and 157,892 shares of beneficial interest issued and outstanding)	$	9.98


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

See Notes to Financial Statements

Van Kampen Intermediate Term Municipal Income Fund
Financial Statements continued

Statement of Operations

For the Six Months Ended March 31, 2009 (Unaudited)


Investment Income:
Interest	$	4,331,630

Expenses:
Investment Advisory Fee		422,876
Distribution (12b-1) and Service Fees
Class A		169,148
Class B		33,325
Class C		109,728
Accounting and Administrative Expenses		51,800
Registration Fees		50,231
Transfer Agent Fees		38,261
Professional Fees		36,782
Interest and Residual Trust Expenses		25,616
Reports to Shareholders		21,439
Trustees’ Fees and Related Expenses		15,089
Custody		9,717
Other		7,943

Total Expenses		991,955
Expense Reduction		84,575
Less Credits Earned on Cash Balances		17

Net Expenses		907,363

Net Investment Income	$	3,424,267

Realized and Unrealized Gain/Loss:
Net Realized Loss	$	(878,790	)

Unrealized Appreciation/Depreciation:
Beginning of the Period		(5,024,429	)
End of the Period		(3,436,875	)

Net Unrealized Appreciation During the Period		1,587,554

Net Realized and Unrealized Gain	$	708,764

Net Increase in Net Assets From Operations	$	4,133,031

See Notes to Financial Statements

Van Kampen Intermediate Term Municipal Income Fund
Financial Statements continued

Statements of Changes in Net Assets (Unaudited)


	For The			For The
	Six Months Ended			Year Ended
	March 31, 2009			September 30, 2008


From Investment Activities:
Operations:
Net Investment Income	$	3,424,267		$	4,534,710
Net Realized Gain/Loss		(878,790	)		77,603
Net Unrealized Appreciation/Depreciation During the Period		1,587,554			(6,916,918	)

Change in Net Assets from Operations		4,133,031			(2,304,605	)


Distributions from Net Investment Income:
Class A Shares		(3,039,513	)		(3,525,581	)
Class B Shares		(211,744	)		(378,779	)
Class C Shares		(408,953	)		(437,480	)
Class I Shares		(27,829	)		(22,448	)

Total Distributions		(3,688,039	)		(4,364,288	)


Net Change in Net Assets from Investment Activities		444,992			(6,668,893	)


From Capital Transactions:
Proceeds from Shares Sold		113,342,119			74,551,458
Net Asset Value of Shares Issued Through Dividend Reinvestment		2,748,772			3,384,884
Cost of Shares Repurchased		(41,497,231	)		(43,527,174	)

Net Change in Net Assets from Capital Transactions		74,593,660			34,409,168

Total Increase in Net Assets		75,038,652			27,740,275
Net Assets:
Beginning of the Period		133,484,485			105,744,210

End of the Period (Including accumulated undistributed net investment income of $200,187 and $463,959, respectively)	$	208,523,137		$	133,484,485

See Notes to Financial Statements

Van Kampen Intermediate Term Municipal Income Fund

Financial Highlights (Unaudited)

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


	Six Months
	Ended
	March 31,			Year Ended September 30,
Class A Shares	2009			2008			2007			2006			2005			2004


Net Asset Value, Beginning of the Period	$	10.05		$	10.59		$	10.68		$	10.69		$	10.72		$	10.76

Net Investment Income		0.20	(a)		0.41	(a)		0.38	(a)		0.37	(a)		0.36			0.37
Net Realized and Unrealized Gain/Loss		(0.05	)		(0.55	)		(0.10	)		0.04			(0.01	)		0.04

Total from Investment Operations		0.15			(0.14	)		0.28			0.41			0.35			0.41

Less:
Distributions from Net Investment Income		0.22			0.40			0.37			0.37			0.37			0.37
Distributions from Net Realized Gain		-0-			-0-			-0-			0.05			0.01			0.08

Total Distributions		0.22			0.40			0.37			0.42			0.38			0.45

Net Asset Value, End of the Period	$	9.98		$	10.05		$	10.59		$	10.68		$	10.69		$	10.72


Total Return* (b)		1.54%	**		–1.42%			2.63%			3.91%			3.31%			3.84%
Net Assets at End of the Period (In millions)	$	167.6		$	103.7		$	81.4		$	79.4		$	88.2		$	76.5
Ratio of Expenses to Average Net Assets*		0.95%			1.00%			0.98%			0.99%			0.99%			0.93%
Ratio of Net Investment Income to Average Net Assets*		4.17%			3.95%			3.54%			3.46%			3.32%			3.50%
Portfolio Turnover		14%	**		61%			11%			21%			34%			60%

Supplemental Ratio:
Ratio of Expenses to Average Net Assets (Excluding Interest and Residual Trust Expenses)*		0.92%			0.95%			0.98%			0.99%			0.99%			0.93%
* 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		1.05%			1.10%			1.08%			1.09%			1.09%			1.03%
Ratio of Net Investment Income to Average Net Assets		4.07%			3.85%			3.44%			3.36%			3.22%			3.40%

Supplemental Ratio:
Ratio of Expenses to Average Net Assets (Excluding Interest and Residual Trust Expenses)		1.02%			1.06%			1.08%			1.09%			1.09%			1.03%


(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 .25% and do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares.

**		Non-Annualized

See Notes to Financial Statements

Van Kampen Intermediate Term Municipal Income Fund
Financial Highlights (Unaudited) continued

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


	Six Months
	Ended
	March 31,			Year Ended September 30,
Class B Shares	2009			2008			2007			2006			2005			2004


Net Asset Value, Beginning of the Period	$	10.19		$	10.73		$	10.82		$	10.82		$	10.75		$	10.78

Net Investment Income		0.19	(a)		0.41	(a)		0.38	(a)		0.39	(a)		0.40			0.30
Net Realized and Unrealized Gain/Loss		(0.05	)		(0.56	)		(0.10	)		0.04			(0.03	)		0.04

Total from Investment Operations		0.14			(0.15	)		0.28			0.43			0.37			0.34

Less:
Distributions from Net Investment Income		0.20			0.39			0.37			0.38			0.29			0.29
Distributions from Net Realized Gain		-0-			-0-			-0-			0.05			0.01			0.08

Total Distributions		0.20			0.39			0.37			0.43			0.30			0.37

Net Asset Value, End of the Period	$	10.13		$	10.19		$	10.73		$	10.82		$	10.82		$	10.75


Total Return* (b)		1.40%	(c)**		–1.45%	(c)		2.59%	(c)		4.13%	(c)		3.47%	(c)		3.15%	(c)
Net Assets at End of the Period (In millions)	$	11.9		$	10.5		$	11.1		$	14.6		$	16.9		$	20.3
Ratio of Expenses to Average Net Assets*		1.33%	(c)		1.05%	(c)		0.98%	(c)		0.78%	(c)		0.82%	(c)		1.67%	(c)
Ratio of Net Investment Income to Average Net Assets*		3.83%	(c)		3.87%	(c)		3.55%	(c)		3.67%	(c)		3.51%	(c)		2.76%	(c)
Portfolio Turnover		14%	**		61%			11%			21%			34%			60%

Supplemental Ratio:
Ratio of Expenses to Average Net Assets (Excluding Interest and Residual Trust Expenses)*		1.30%	(c)		1.00%	(c)		0.98%	(c)		0.78%	(c)		0.82%	(c)		1.67%	(c)
* 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		1.43%	(c)		1.15%	(c)		1.08%	(c)		0.88%	(c)		0.92%	(c)		1.77%	(c)
Ratio of Net Investment Income to Average Net Assets		3.73%	(c)		3.77%	(c)		3.45%	(c)		3.57%	(c)		3.41%	(c)		2.66%	(c)

Supplemental Ratio:
Ratio of Expenses to Average Net Assets (Excluding Interest and Residual Trust Expenses)		1.40%	(c)		1.11%	(c)		1.08%	(c)		0.88%	(c)		0.92%	(c)		1.77%	(c)


(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 the first and second 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)		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 7).

**		Non-Annualized

See Notes to Financial Statements

Van Kampen Intermediate Term Municipal Income Fund
Financial Highlights (Unaudited) continued

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


	Six Months
	Ended
	March 31,			Year Ended September 30,
Class C Shares	2009			2008			2007			2006			2005			2004


Net Asset Value, Beginning of the Period	$	10.03		$	10.57		$	10.66		$	10.68		$	10.70		$	10.73

Net Investment Income		0.17	(a)		0.33	(a)		0.30	(a)		0.29	(a)		0.29			0.30
Net Realized and Unrealized Gain/Loss		(0.05	)		(0.55	)		(0.10	)		0.03			(0.01	)		0.04

Total from Investment Operations		0.12			(0.22	)		0.20			0.32			0.28			0.34

Less:
Distributions from Net Investment Income		0.18			0.32			0.29			0.29			0.29			0.29
Distributions from Net Realized Gain		-0-			-0-			-0-			0.05			0.01			0.08

Total Distributions		0.18			0.32			0.29			0.34			0.30			0.37

Net Asset Value, End of the Period	$	9.97		$	10.03		$	10.57		$	10.66		$	10.68		$	10.70


Total Return* (b)		1.26%	**		–2.17%			1.88%	(c)		3.04%			2.64%	(c)		3.17%	(c)
Net Assets at End of the Period (In millions)	$	27.4		$	18.4		$	13.0		$	14.7		$	16.5		$	18.1
Ratio of Expenses to Average Net Assets*		1.70%			1.75%			1.72%	(c)		1.74%			1.64%	(c)		1.66%	(c)
Ratio of Net Investment Income to Average Net Assets*		3.42%			3.20%			2.81%	(c)		2.71%			2.69%	(c)		2.77%	(c)
Portfolio Turnover		14%	**		61%			11%			21%			34%			60%

Supplemental Ratio:
Ratio of Expenses to Average Net Assets (Excluding Interest and Residual Trust Expenses)*		1.67%			1.70%			1.72%	(c)		1.74%			1.64%	(c)		1.66%	(c)
* 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		1.80%			1.85%			1.82%	(c)		1.84%			1.74%	(c)		1.76%	(c)
Ratio of Net Investment Income to Average Net Assets		3.32%			3.10%			2.71%	(c)		2.61%			2.59%	(c)		2.67%	(c)

Supplemental Ratio:
Ratio of Expenses to Average Net Assets (Excluding Interest and Residual Trust Expenses)		1.77%			1.81%			1.82%	(c)		1.84%			1.74%	(c)		1.76%	(c)


(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)		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 7).

**		Non-Annualized

See Notes to Financial Statements

Van Kampen Intermediate Term Municipal Income Fund
Financial Highlights (Unaudited) continued

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


	Six Months												August 12, 2005
	Ended												(Commencement
	March 31,			Year Ended September 30,									of Operations) to
Class I Shares	2009			2008			2007			2006			September 30, 2005


Net Asset Value, Beginning of the Period	$	10.04		$	10.59		$	10.67		$	10.69		$	10.70

Net Investment Income		0.22	(a)		0.45	(a)		0.40	(a)		0.39	(a)		0.05
Net Realized and Unrealized Gain/Loss		(0.05	)		(0.58	)		(0.09	)		0.03			(0.01	)

Total from Investment Operations		0.17			(0.13	)		0.31			0.42			0.04

Less:
Distributions from Net Investment Income		0.23			0.42			0.39			0.39			0.05
Distributions from Net Realized Gain		-0-			-0-			-0-			0.05			-0-

Total Distributions		0.23			0.42			0.39			0.44			0.05

Net Asset Value, End of the Period	$	9.98		$	10.04		$	10.59		$	10.67		$	10.69


Total Return* (b)		1.78%	**		–1.27%			2.98%			4.08%			0.38%	**
Net Assets at End of the Period (In millions)	$	1.6		$	0.9		$	0.2		$	0.9		$	0.6
Ratio of Expenses to Average Net Assets*		0.70%			0.73%			0.72%			0.72%			0.77%
Ratio of Net Investment Income to Average Net Assets*		4.48%			4.33%			3.79%			3.73%			3.59%
Portfolio Turnover		14%	**		61%			11%			21%			34%

Supplemental Ratio:
Ratio of Expenses to Average Net Assets (Excluding Interest and Residual Trust Expenses)*		0.67%			0.69%			0.72%			0.72%			0.77%
* 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		0.80%			0.83%			0.82%			0.82%			0.87%
Ratio of Net Investment Income to Average Net Assets		4.38%			4.23%			3.69%			3.63%			3.49%

Supplemental Ratio:
Ratio of Expenses to Average Net Assets (Excluding Interest and Residual Trust Expenses)		0.77%			0.79%			0.82%			0.82%			0.87%


(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.

**		Non-Annualized

See Notes to Financial Statements

Van Kampen Intermediate Term Municipal Income Fund

Notes to Financial Statements n March 31, 2009 (Unaudited)

1. Significant Accounting Policies

Van Kampen Intermediate Term Municipal Income Fund (the “Fund”) is organized as a series of the Van Kampen Tax Free 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 provide investors with a high level of current income exempt from federal income tax, consistent with preservation of capital. The Fund commenced investment operations on May 28, 1993. 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.

Van Kampen Intermediate Term Municipal Income Fund
Notes to Financial Statements n March 31, 2009 (Unaudited) continued


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.

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


	Investments in
Valuation Inputs	Securities

Level 1—Quoted Prices	$	-0-
Level 2—Other Significant Observable Inputs		212,956,365
Level 3—Significant Unobservable Inputs		-0-

Total	$	212,956,365

B. Security Transactions Security transactions are recorded on a trade date basis. Realized gains and losses are determined on an identified cost basis. Legal expenditures that are expected to result in the restructuring of or a plan of reorganization for an investment are recorded as realized losses. The Fund may purchase and sell securities on a “when-issued” or “delayed delivery” basis, with settlement to occur at a later date. The value of the security so purchased is subject to market fluctuations during this period. The Fund will segregate assets with the custodian having an aggregate value at least equal to the amount of the when-issued or delayed delivery purchase commitments until payment is made. At March 31, 2009, the Fund had $2,130,426 of when-issued or delayed delivery purchase commitments.

Van Kampen Intermediate Term Municipal Income Fund
Notes to Financial Statements n March 31, 2009 (Unaudited) continued

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 these losses against any future realized capital gains. During the current year, the Fund utilized capital losses carried forward of $54,717.

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


Cost of investments for tax purposes	$	211,846,425

Gross tax unrealized appreciation	$	4,511,031
Gross tax unrealized depreciation		(7,675,860	)

Net tax unrealized depreciation on investments	$	(3,164,829	)

E. 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. Distributions from net realized gains for book purposes may include short-term capital gains and gains on futures transactions. All short-term capital gains and a portion of futures gains are included in ordinary income for tax purposes.

The tax character of distributions paid during the year ended September 30, 2008 was as follows:


Distributions paid from:
Ordinary income	$	978
Tax-exempt income		4,342,162

	$	4,343,140

As of September 30, 2008, the components of distributable earnings on a tax basis were as follows:


Undistributed ordinary income	$	1,482
Undistributed tax-exempt income		757,533
Undistributed long-term capital gain		77

Net realized gains or losses may differ for financial reporting and tax purposes primarily as a result of gains or losses recognized on securities for tax purposes but not for book.

F. Credits Earned on Cash Balances During the six months ended March 31, 2009, the Fund’s custody fee was reduced by $17 as a result of credits earned on cash balances.

Van Kampen Intermediate Term Municipal Income Fund
Notes to Financial Statements n March 31, 2009 (Unaudited) continued

rate notes held by third parties, as well as any shortfalls in interest cash flows. The residual interests held by the Fund (inverse floating rate investments) include the right of the Fund (1) to cause the holders of the floating rate notes to tender their notes at par at the next interest rate reset date, and (2) to transfer the municipal bond from the dealer trusts to the Fund, thereby collapsing the dealer trusts. The Fund accounts for the transfer of bonds to the dealer trusts as secured borrowings, with the securities transferred remaining in the Fund’s investments assets, and the related floating rate notes reflected as Fund liabilities under the caption “Floating Rate Note Obligations” on the Statement of Assets and Liabilities. The Fund records the interest income from the fixed rate bonds under the caption “Interest” and records the expenses related to floating rate note obligations and any administrative expenses of the dealer trusts under the caption “Interest and Residual Trust Expenses” on the Fund’s Statement of Operations. The notes issued by the dealer trust have interest rates that reset weekly and the floating rate note holders have the option to tender their notes to the dealer trusts for redemption at par at each reset date. At March 31, 2009, Fund investments with a value of $6,803,314 are held by the dealer trusts and serve as collateral for the $4,275,000 in floating rate notes outstanding at that date. Contractual maturities of the floating rate notes and interest rates in effect at March 31, 2009 are presented on the Portfolio of Investments. The average floating rate notes outstanding and average annual interest and fee rate related to residual interests during the six months ended March 31, 2009 were $3,375,727 and 1.52%, respectively.

2. Investment Advisory Agreement and Other Transactions with Affiliates


Average Daily Net Assets	% Per Annum

First $500 million		.50%
Over $500 million		.45%

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 0.95%, 1.33%, 1.70%, and 0.70% 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 six months ended March 31, 2009, the Adviser waived or reimbursed approximately $84,600 of advisory fees or other expenses.

For the six months ended March 31, 2009, the Fund recognized expenses of approximately $3,500 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 six months ended March 31, 2009, the Fund recognized expenses of approximately $30,400 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

Van Kampen Intermediate Term Municipal Income Fund
Notes to Financial Statements n March 31, 2009 (Unaudited) continued

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 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 six months ended March 31, 2009, the Fund recognized expenses of approximately $16,000 representing transfer agency fees paid to VKIS and its affiliates. The 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 directors 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 $80,800 are included in “Other” assets on the Statements of Assets and Liabilities at March 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 six months ended March 31, 2009, Van Kampen, as Distributor for the Fund, received commissions on sales of the Fund’s Class A Shares of approximately $61,800 and contingent deferred sales charge (CDSC) on redeemed shares of approximately $10,300. Sales charges do not represent expenses of the Fund.

Van Kampen Intermediate Term Municipal Income Fund
Notes to Financial Statements n March 31, 2009 (Unaudited) continued

3. Capital Transactions

For the six months ended March 31, 2009 and the year ended September 30, 2008, transactions were as follows:


	For The						For The
	Six Months Ended						Year Ended
	March 31, 2009						September 30, 2008
	Shares			Value			Shares			Value

Sales:
Class A		9,727,624		$	95,474,273			5,695,354		$	59,629,064
Class B		409,935			4,102,933			365,499			3,859,784
Class C		1,297,163			12,739,015			977,211			10,211,605
Class I		103,756			1,025,898			81,184			851,005

Total Sales		11,538,478		$	113,342,119			7,119,248		$	74,551,458


Dividend Reinvestment:
Class A		232,173		$	2,296,155			274,356		$	2,861,672
Class B		14,907			149,221			24,004			253,956
Class C		28,527			281,996			23,933			248,986
Class I		2,163			21,400			1,950			20,270

Total Dividend Reinvestment		277,770		$	2,748,772			324,243		$	3,384,884


Repurchases:
Class A		(3,487,191	)	$	(34,269,947	)		(3,341,761	)	$	(35,025,984	)
Class B		(278,792	)		(2,786,438	)		(391,926	)		(4,167,529	)
Class C		(416,581	)		(4,092,223	)		(395,541	)		(4,155,245	)
Class I		(35,987	)		(348,623	)		(17,032	)		(178,416	)

Total Repurchases		(4,218,551	)	$	(41,497,231			(4,146,260	)	$	(43,527,174	)

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 the six months ended March 31, 2009, the Fund received redemption fees of approximately $4,100 which are reported as part of “Cost of Shares Repurchased” on the Statements 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, were $101,859,842 and $22,873,978, 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.

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, to manage the

Van Kampen Intermediate Term Municipal Income Fund
Notes to Financial Statements n March 31, 2009 (Unaudited) continued

Summarized below are the different types of derivative financial instruments used by the Fund.

A. Futures Contracts A futures contract is an agreement involving the delivery of a particular asset on a specified future date at an agreed upon price. The Fund generally invests in exchange traded futures contracts on U.S. Treasury Securities and typically closes the contract prior to delivery date. 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). The risk of loss associated with a futures contract is in excess of the variation margin reflected on the Statement of Assets and Liabilities. There were no futures transactions entered into during the six months ended March 31, 2009.

7. Distributions and Service Plans

The amount of distribution expenses incurred by the Distributor and not yet reimbursed (“unreimbursed receivable”) was approximately $0 and $31,900 for Class B and Class C Shares, respectively. These amounts may be recovered from future payments under the distribution

Van Kampen Intermediate Term Municipal Income Fund
Notes to Financial Statements n March 31, 2009 (Unaudited) continued

plan or CDSC. To the extent the unreimbursed receivable has been fully recovered, the distribution fee is reduced.

8. Indemnifications

9. Accounting Pronouncements

Van Kampen Intermediate Term Municipal 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 333 West Wacker Drive Chicago, Illinois 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 Intermediate Term Municipal 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 annually.

We Respect Your Privacy

1. What Personal Information Do We Collect About You?


	•	We collect information such as your name, address, e-mail address, phone number and account title.

(continued on next page)

Van Kampen Intermediate Term Municipal 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?

(continued on next page)

Van Kampen Intermediate Term Municipal Income Fund
An Important Notice Concerning Our
U.S. Privacy Policy continued

3. How Do We Protect the Security and Confidentiality of Personal Information We Collect About You?

4. How Can You Limit the Sharing of Certain Types of Personal Information With Affiliated Companies?

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

(continued on next page)

Van Kampen Intermediate Term Municipal Income Fund
An Important Notice Concerning Our
U.S. Privacy Policy continued

If you wish to opt-out of sharing and to limit marketing offers, you may do so by:


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

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

SPECIAL NOTICE TO RESIDENTS OF VERMONT

(continued on back)

Van Kampen Intermediate Term Municipal Income Fund
An Important Notice Concerning Our
U.S. Privacy Policy continued

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

Van Kampen Funds Inc.

522 Fifth Avenue

New York, New York 10036

www.vankampen.com

138, 338, 538, 638

INFSAN 5/09

IU09-02157P-Y03/09

Welcome, Shareholder

In this report, you’ll learn about how your investment in Van Kampen New York Tax Free Income Fund performed during the semiannual 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 March 31, 2009.

This material must be preceded or accompanied by a Class A, B, and C 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 that the value of the fund shares may therefore be less than what you paid for them. Accordingly, you can lose money investing in this fund.

Income may subject certain individuals to the federal Alternative Minimum Tax (AMT).

Performance Summary as of 3/31/09


	A Shares						B Shares						C Shares
	since 7/29/94						since 7/29/94						since 7/29/94
				w/max						w/max						w/max
				4.75%						4.00%						1.00%
Average Annual	w/o sales			sales			w/o sales			sales			w/o sales			sales
Total Returns	charges			charge			charges			charge			charges			charge

Since Inception		4.71	%		4.36	%		4.29	%		4.29	%		3.94	%		3.94	%

10-year		3.15			2.66			2.53			2.53			2.40			2.40

5-year		0.78			–0.20			0.33			0.09			0.02			0.02

1-year		–6.54			–11.00			–6.50			–10.06			–7.25			–8.14

6-month		–1.99			–6.62			–1.94			–5.76			–2.37			–3.32


30-Day SEC Subsidized Yield	4.91%						5.18%						4.66%


30-Day SEC Yield	4.68%						4.93%						4.41%


Gross Expense Ratio	1.14%						1.90%						1.89%

Because Class B shares incurred lower expenses under the 12b-1 Plan than did Class A shares for the fiscal period ended March 31, 2009, the total operating expense ratio for Class B shares was lower and, as a result, the performance of Class B shares was higher than that of Class A shares. There can be no assurance that this will continue to occur in the future as the maximum fees payable by Class B shares under the 12b-1 Plan are higher than those payable by Class A shares.

The Lehman Brother’s Municipal Bond Index, which has been shown in the Fund’s previous shareholder reports and prospectuses, changed its name to Barclays Capital Municipal Bond Index as of November 3, 2008. The Barclays Capital Municipal Bond Index is generally representative of investment-grade, tax-exempt bonds. The Barclays Capital New York Municipal Bond Index tracks the performance of New York issued municipal bonds rated at least Baa or BBB by Moody’s Investors Service, Inc. or Standard & Poor’s Corporation, respectively, and with maturities of 2 years or greater. Indices are unmanaged and 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 six-month period ended March 31, 2009

Market Conditions

Not surprisingly in this risk-averse environment, the lower-rated segment of the market underperformed, with high-yield municipal bonds (those rated below triple-B or non-rated issues) returning -21.25 percent for the fourth quarter (as measured by the Barclays Capital High Yield Municipal Bond Index) while triple-B rated issues returned -14.68 percent and triple-A rates issues returned 3.44 percent (as measured by the Barclays Capital Municipal Bond Index).

The state of New York benefits from its broad-based and wealthy economy and has seen an improvement in its finances and budgetary reserves over the past few years. However, the economic slowdown and concerns on Wall Street, as well as the volatility in the financial markets, will pose challenges for the state over the next year. We continue to monitor the state’s fiscal position during the financial crisis and will look for opportunities to invest in more stable sectors.

Performance Analysis

All share classes of Van Kampen New York Tax Free Income Fund underperformed the Barclays Capital New York Municipal Bond Index (the “Index”) and the Barclays Capital Municipal Bond Index for the six months ended March 31, 2009, assuming no deduction of applicable sales charges.

Total returns for the six-month period ended March 31, 2009

Barclays Capital

New York Municipal

Municipal Bond

Class A

Class B

Class C

Bond Index

Index

–1.99

–1.94

–2.37

5.07

5.00

The performance for the three 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 definitions.

Because Class B shares incurred lower expenses under the 12b-1 Plan than did Class A shares for the six months ended March 31, 2009, the total operating expense ratio for Class B shares was lower and, as a result, the performance of Class B shares was higher than that of Class A shares. There can be no assurance that this will continue to occur in the future as the maximum fees payable by Class B shares under the 12b-1 Plan are higher than those payable by Class A shares.

The primary detractors from the Fund’s performance included holdings in triple-B and non-rated municipal bonds. The Fund maintained an overweight allocation in these issues relative to the Index (which does not include non-rated securities), which hindered performance as the lower-quality segment of the market underperformed the higher-quality segment for the overall reporting period. With regard to sectors, the Fund’s overweights relative to the Index in the health care and life care sectors also detracted from returns. Additionally, a hospital holding within the health care sector, held in the form of an inverse floating-rate security*, also detracted from relative performance. An overweight in low-coupon, long-maturity tobacco bonds hindered returns as spreads in the sector widened over the course of the period.

Other positions, however, were additive to relative performance for the period. In particular, an overweight in single-and multi-family housing bonds helped enhance returns as these issues rallied in the first months of 2009. The Fund held an overweight in high-quality state-appropriated bonds that also performed well, significantly outpacing lower-quality issues during the period. A large overweight in high-quality higher education bonds also served the portfolio well during the period.

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.

*An inverse floating-rate security, or “inverse floater”, is a variable rate security whose coupon rate changes in the opposite direction from the change in the reference rate used to calculate the coupon rate.


Ratings Allocation as of 3/31/09 (Unaudited)

AAA/Aaa	17.4	%
AA/Aa	37.4
A/A	17.7
BBB/Baa	14.4
BB/Ba	4.6
Non-Rated	8.5


Top 5 Sectors as of 3/31/09 (Unaudited)

Hospital	17.7	%
Higher Education	11.5
Student Housing	8.4
Water & Sewer	8.1
General Purpose	8.0

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. Ratings allocations and Top Five sectors percentages are as a percentage of total investments. 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. Ratings allocations based upon ratings as issued by Standard & Poor’s and Moody’s, respectively.

For More Information About Portfolio Holdings

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

Householding Notice

Proxy Voting Policy and Procedures and Proxy Voting Record

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 Class 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 10/1/08 - 3/31/09.

Actual Expense

Hypothetical Example for Comparison Purposes


	Beginning		Ending		Expenses Paid
	Account Value		Account Value		During Period*

	10/1/08		3/31/09		10/1/08-3/31/09

Class A
Actual	$	1,000.00	$	980.08	$	4.20
Hypothetical		1,000.00		1,020.69		4.28
(5% annual return before expenses)

Class B
Actual		1,000.00		980.61		3.46
Hypothetical		1,000.00		1,021.44		3.53
(5% annual return before expenses)

Class C
Actual		1,000.00		976.35		7.88
Hypothetical		1,000.00		1,016.95		8.05
(5% annual return before expenses)


*		Expenses are equal to the Fund’s annualized expense ratio of 0.85%, 0.70%, and 1.60% for Class A, B, and C Shares, respectively, multiplied by the average account value over the period, multiplied by 182/365 (to reflect the one-half year period). These expense ratios reflect an expense waiver. The expense ratios for Class B Shares and Class C Shares reflect actual 12b-1 fees of less than 1%.

Assumes all dividends and distributions were reinvested.

The following table shows what expenses a shareholder would have paid, excluding interest and residual trust expenses.


	Beginning		Ending		Expenses Paid
	Account Value		Account Value		During Period*

	10/1/08		3/31/09		10/1/08-3/31/09

Class A
Actual	$	1,000.00	$	980.08	$	3.80
Hypothetical		1,000.00		1,021.09		3.88
(5% annual return before expenses)
Class B
Actual		1,000.00		980.61		3.06
Hypothetical		1,000.00		1,021.84		3.13
(5% annual return before expenses)
Class C
Actual		1,000.00		976.35		7.49
Hypothetical		1,000.00		1,017.35		7.64
(5% annual return before expenses)


*		Expenses are equal to the Fund’s annualized expense ratio of 0.77%, 0.62%, and 1.52% for Class A, B, and C Shares, respectively, multiplied by the average account value over the period, multiplied by 182/365 (to reflect the one-half year period). These expense ratios reflect an expense waiver. The expense ratios for Class B Shares and Class C Shares reflect actual 12b-1 fees of less than 1%.

Assumes all dividends and distributions were reinvested.

Van Kampen New York Tax Free Income Fund

Portfolio of Investments n March 31, 2009 (Unaudited)


Par
Amount
(000)		Description	Coupon			Maturity	Value

		Municipal Bonds 100.1% New York 98.1%
$	2,000	Albany, NY Indl Dev Agy Civic Fac Rev Albany Law Sch Univ, Ser A		5.000	%	07/01/31	$	1,505,460
	600	Albany, NY Indl Dev Agy Civic Fac Rev Saint Peters Hosp Proj, Ser A		5.250		11/15/32		448,116
	400	Albany, NY Indl Dev Agy Civic Fac Rev Saint Peters Hosp Proj, Ser D		5.750		11/15/27		341,532
	1,290	Albany, NY Indl Dev Agy Indl Dev Rev Albany College of Pharmacy, Ser A		5.625		12/01/34		906,535
	1,200	Broome Cnty, NY Indl Dev Agy Good Shepard Vlg, Ser A		6.875		07/01/40		850,128
	395	Dutchess Cnty, NY Indl Dev Agy Civic Fac Rev Elant Fishkill Inc, Ser A		5.250		01/01/37		216,025
	1,000	East Rochester, NY Hsg Auth Rev Sr Living Woodland Vlg Proj Rfdg		5.500		08/01/33		614,800
	1,250	Erie Cnty, NY Indl Dev Agy Sch Fac Rev City of Buffalo Proj (FSA Insd)		5.750		05/01/21		1,287,350
	1,000	Erie Cnty, NY Tob Asset Sec Corp, Ser A		5.000		06/01/45		596,940
	1,530	Hempstead Town, NY Indl Dev Adelphi Univ Civic Fac		5.000		10/01/35		1,390,296
	1,250	Hempstead Town, NY Indl Dev Adelphi Univ Civic Fac		5.750		06/01/22		1,280,687
	1,290	Islip, NY Res Recovery Agy Res 1985 Fac, Ser E (FSA Insd) (AMT)		5.750		07/01/22		1,297,933
	1,000	Livingston Cnty, NY Indl Dev Agy Civic Fac Rev Nicholas H Noyes Mem Hosp		6.000		07/01/30		659,300
	700	Long Island Pwr Auth NY Elec Sys Rev, Ser A		5.000		04/01/23		699,300
	750	Long Island Pwr Auth NY Elec Sys Rev, Ser A (AMBAC Insd)		5.000		09/01/34		697,980
	1,000	Madison Cnty, NY Indl Dev Agy Civic Fac Rev Colgate Univ Proj, Ser A (AMBAC Insd)		5.000		07/01/35		953,570
	750	Metropolitan Trans Auth NY Rev Rfdg, Ser A (AMBAC Insd)		5.500		11/15/19		767,572
	1,000	Metropolitan Trans Auth NY Svc Contract Rfdg, Ser A		5.125		01/01/29		958,570
	1,000	Monroe Cnty, NY Indl Dev Agy Nazareth College Rochester Proj (NATL Insd)		5.250		10/01/21		1,006,340
	1,320	Montgomery Cnty, NY Indl Dev Agy Lease Rev HFM Boces, Ser A (Syncora Gtd)		5.000		07/01/34		1,029,098
	2,000	Nassau Cnty, NY Indl Dev Agy Continuing Care Retirement Amsterdam at Harbor side, Ser A		6.700		01/01/43		1,523,860
	1,500	New York City Hlth & Hosp Corp Rev Hlth Sys, Ser A (FSA Insd)		5.500		02/15/18		1,569,735
	1,000	New York City Hlth & Hosp Corp Rev Hlth Sys, Ser A (FSA Insd)		5.500		02/15/19		1,040,710
	2,000	New York City Hsg Dev Corp Multi-Family Hsg Rev, Ser B1 (AMT)		5.150		11/01/37		1,814,320

See Notes to Financial Statements

Van Kampen New York Tax Free Income Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity	Value

		New York (Continued)
$	750	New York City Hsg Dev Corp Multi-Family Hsg Rev, Ser E1 (AMT)		5.350	%	11/01/37	$	691,373
	1,000	New York City Hsg Dev Corp Multi-Family Hsg Rev, Ser K (AMT)		5.000		11/01/37		882,610
	1,000	New York City Hsg Dev Corp, Ser A (AMT)		5.500		11/01/34		922,730
	1,000	New York City Indl Dev Agy Civic Fac Rev Polytechnic Univ Proj (ACA Insd)		5.250		11/01/37		742,530
	1,405	New York City Indl Dev Agy Fac Rev Royal Charter-NY Presbyterian (FSA Insd)		5.375		12/15/16		1,536,368
	500	New York City Indl Dev Agy Rev Liberty 7 World Trade Ctr, Ser A		6.250		03/01/15		419,580
	500	New York City Indl Dev Agy Rev Liberty 7 World Trade Ctr, Ser A		6.500		03/01/35		342,095
	1,125	New York City Indl Dev Agy Rev Liberty Iac/Interactive Corp		5.000		09/01/35		682,493
	1,000	New York City Indl Dev Agy Rev Queens Baseball Stadium-Pilot (AGL Insd)		6.500		01/01/46		1,078,890
	2,000	New York City Indl Dev Agy Spl Fac Rev Term One Group Assn Proj (AMT) (a)		5.500		01/01/20		1,790,380
	1,000	New York City Muni Fin Auth Wrt & Swr Sys Rev, Ser FF-2		5.500		06/15/40		1,029,430
	4,000	New York City Muni Fin Auth Wtr & Swr Sys Rev Ser D (b)		5.000		06/15/37		3,893,600
	500	New York City Muni Wtr Fin, Ser B		6.000		06/15/33		532,550
	1,500	New York City, Ser A		5.500		08/01/20		1,556,745
	1,000	New York City, Ser F1		5.500		11/15/28		1,021,660
	500	New York City Transitional Cultural Res Rev Amern Museum Nat History Rfdg, Ser A (NATL Insd)		5.000		07/01/44		470,830
	500	New York City Transitional Fin Auth Bldg Aid Rev Fiscal 2009, Ser S-3		5.250		01/15/39		470,605
	1,025	New York City Transitional Future Tax Secd, Ser B		5.500		02/01/15		1,097,457
	750	New York Liberty Dev Corp Rev Natl Sports Museum Proj, Ser A (Acquired 08/07/06, Cost $750,000) (d) (e) (f)		6.125		02/15/19		750
	2,000	New York St Dorm Auth Rev Catholic Hlth L.I. Oblig Group		5.000		07/01/27		1,524,160
	1,000	New York St Dorm Auth Rev City Univ Cons Third, Ser 1 (FGIC Insd)		5.250		07/01/25		1,004,600
	1,230	New York St Dorm Auth Rev City Univ Rfdg, Ser D (FSA Insd)		5.750		07/01/12		1,293,566
	650	New York St Dorm Auth Rev City Univ Sys Cons, Ser A		5.625		07/01/16		708,097
	1,000	New York St Dorm Auth Rev City Univ Sys Cons, Ser B		6.000		07/01/14		1,068,020
	1,890	New York St Dorm Auth Rev Dept Ed		5.250		07/01/21		1,981,136
	1,000	New York St Dorm Auth Rev Insd Brooklyn Law Sch, Ser B (Syncora Gtd)		5.375		07/01/23		1,000,290

See Notes to Financial Statements

Van Kampen New York Tax Free Income Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity	Value

		New York (Continued)
$	1,040	New York St Dorm Auth Rev Insd NY St Rehab Assn, Ser A (AMBAC Insd)		5.500	%	07/01/15	$	1,128,795
	1,250	New York St Dorm Auth Rev Mem Sloan Kettering Cancer (NATL Insd)		5.500		07/01/23		1,348,863
	1,200	New York St Dorm Auth Rev Miriam Osborn Mem Home, Ser B (ACA Insd)		6.375		07/01/29		975,612
	1,000	New York St Dorm Auth Rev Non New York Univ, Ser C		5.000		07/01/38		967,110
	1,500	New York St Dorm Auth Rev Non Sch Dist Fin Prog, Ser B (FSA Insd)		5.000		04/01/36		1,454,625
	2,000	New York St Dorm Auth Rev Non St Supported Debt Cornell Univ, Ser C		7.500		04/01/39		2,310,880
	1,000	New York St Dorm Auth Rev Non St Supported Debt L.I. Jewish, Ser A		5.000		11/01/34		844,170
	1,000	New York St Dorm Auth Rev Non St Supported Debt L.I. Jewish, Ser A		5.000		11/01/26		915,070
	365	New York St Dorm Auth Rev Non St Supported Debt Mental Hlth Svc, Ser B (MBIA Insd)		5.250		08/15/31		351,495
	2,000	New York St Dorm Auth Rev Non St Supported Debt Mt Sinai NYU Hlth, Ser C		5.500		07/01/26		1,843,800
	1,500	New York St Dorm Auth Rev Non St Supported Debt NYU Hosp Ctr, Ser A		5.000		07/01/36		904,275
	1,000	New York St Dorm Auth Rev Non St Supported Debt Orange Reg Med Ctr		6.500		12/01/21		857,950
	2,000	New York St Dorm Auth Rev Non St Supported Debt Providence Rest (ACA Insd)		5.250		07/01/25		1,324,320
	1,000	New York St Dorm Auth Rev Sec Hosp North Gen Hosp Rfdg		5.750		02/15/18		1,046,290
	1,000	New York St Dorm Auth Rev St Lease Univ Dorm Fac, Ser A		5.000		07/01/25		1,006,180
	1,000	New York St Dorm Auth Rev St Lease Univ Dorm Fac, Ser A		5.000		07/01/26		1,000,660
	2,000	New York St Dorm Auth Rev St Mental Hlth Svc Fac, Ser C (FSA Insd) (AMT)		5.250		02/15/28		1,853,060
	500	New York St Dorm Auth Rev St Mental Hlth Svc Fac Impt, Ser A (FSA Insd)		5.000		02/15/27		495,310
	500	New York St Energy Resh & Dev Auth Gas Fac Rev Brooklyn Union Gas, Ser B (AMT) (c)		11.275		07/01/26		500,655
	1,000	New York St Environmental Fac Corp St Clean Wtr & Drinking Revolving Fd Pooled Fin Pgm, Ser I		5.250		09/15/19		1,052,220
	1,000	New York St Environmental Fac Corp St Clean Wtr & Drinking, Ser A		5.000		06/15/34		976,120
	620	New York St Mtg Agy Rev, Ser 82 (AMT)		5.650		04/01/30		585,044
	1,000	New York St Twy Auth Second, Gen Hwy & Brdg Tr Fd, Ser B		5.000		04/01/25		1,002,100
	500	New York St Urban Dev Corp Rev Correctional Fac Rfdg, Ser A		5.500		01/01/14		529,655

See Notes to Financial Statements

Van Kampen New York Tax Free Income Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity	Value

		New York (Continued)
$	220	Oneida Cnty, NY Indl Dev Agy Civic Fac Saint Elizabeth Med, Ser A		5.875	%	12/01/29	$	148,790
	2,000	Port Auth NY & NJ Spl Oblig Rev Spl Proj JFK Intl Arpt Term 6 (NATL Insd) (AMT)		5.750		12/01/22		1,602,140
	1,000	Rensselaer Cnty, NY Indl Dev Agy Indl Dev Rev Franciscan Heights LP Proj, Ser A (AMT) (LOC: JPMorgan Chase Bank) (SONYMA Insd)		5.375		12/01/36		866,740
	1,000	Rockland Cnty, NY Solid Waste, Ser B (AMBAC Insd) (AMT)		5.000		12/15/23		899,500
	1,250	Saratoga Cnty, NY Wtr Auth Water Sys		5.000		09/01/38		1,208,838
	1,000	Seneca Nation Indians Cap Impt Auth NY Spl Oblig, Ser A (g)		5.000		12/01/23		637,300
	1,445	Suffolk Cnty, NY Indl Dev Agy Civic Fac Rev Eastrn Long Island Hosp Assn (g)		5.375		01/01/27		935,811
	825	Suffolk Cnty, NY Indl Dev Agy Civic Fac Rev Family Svc League Suffolk Cnty (LOC:
		Fleet National Bank)		5.000		11/01/34		756,302
	250	Syracuse, NY Indl Dev Agy Rev First Mtg Jewish Home, Ser A		7.375		03/01/21		223,743
	1,090	Tsasc, Inc NY, Ser 1		5.000		06/01/34		684,139
	3,000	Tsasc, Inc NY, Ser 1		5.125		06/01/42		1,847,760
	1,000	Ulster Cnty, NY Res Recovery Agy Solid Waste Sys Rev Rfdg (AMBAC Insd)		5.250		03/01/18		1,042,470
	160	Upper Mohawk Vly Regl Wtr Fin Auth NY Wtr Sys Rev (AMBAC Insd)		5.750		04/01/20		166,933
	310	Utica, NY Indl Dev Agy Civic Fac Rev Utica College Proj, Ser A		5.750		08/01/28		218,094
	1,000	Warren & Washington Cnty, NY Indl Dev Agy Civic Fac Rev Glens Falls Hosp Proj, Ser A (FSA Insd)		5.000		12/01/35		851,260
	500	Westchester Cnty, NY Indl Dev Agy Mtg Kendal on Hudson Proj, Ser A		6.375		01/01/24		388,290
	1,000	Westchester Cnty, NY Indl Dev Guiding Eyes For The Blind		5.375		08/01/24		844,010
	2,000	Westchester Tob Asset Sec Corp NY		5.125		06/01/45		1,221,400

								91,016,481

		Puerto Rico 1.0%
	1,000	Puerto Rico Elec Pwr Auth Rev, Ser WW		5.500		07/01/21		933,110

See Notes to Financial Statements

Van Kampen New York Tax Free Income Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued


Par
Amount
(000)			Description	Coupon			Maturity	Value


			U.S. Virgin Islands 1.0%
$	1,000		Virgin Islands Pub Fin Auth Rev Gross Rcpt Taxes Ln Nt, Ser A		6.375	%	10/01/19	$	959,080


Total Long-Term Investments 100.1% (Cost $104,968,557)									92,908,671

Total Short-Term Investments 3.9% (Cost $3,600,000)									3,600,000


Total Investments 104.0% (Cost $108,568,557)									96,508,671

Liability for Floating Rate Note Obligations Related to Securities Held (2.9%) (Cost ($2,665,000))
	(2,665	)	Note with interest rate of 0.45% at March 31, 2009, and contractual maturity of collateral in 2037 [See Note 1] (h)						(2,665,000	)


Total Net Investments 101.1% (Cost $105,903,557)									93,843,671

Liabilities in Excess of Other Assets (1.1%)									(1,064,843	)


Net Assets 100.0%								$	92,778,828

Percentages are calculated as a percentage of net assets.


(a)		Variable Rate Coupon

(b)		Underlying security related to Inverse Floaters entered into by the Trust. See Note 1.

(c)		Inverse Floating Rate. The Interest rate shown reflect the rate in effect at March 31, 2009.

(d)		Non-income producing security.

(e)		Security is restricted and may be resold only in transactions exempt from registration which are normally those transactions with qualified institutional buyers. Restricted securities comprise less than 0.1% of net assets.

(f)		Security has been deemed illiquid.

(g)		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.

(h)		Floating Rate Notes. The Interest rate shown reflect the rate in effect at March 31, 2009.

See Notes to Financial Statements

Van Kampen New York Tax Free Income Fund
Portfolio of Investments n March 31, 2009 (Unaudited) continued

ACA—American Capital Access

AGL—Assured Guaranty Ltd.

AMBAC—AMBAC Indemnity Corp.

AMT—Alternative Minimum Tax

FGIC—Financial Guaranty Insurance Co.

FSA—Financial Security Assurance Inc.

LOC—Letter of Credit

MBIA—Municipal Bond Investors Assurance Corp.

NATL—National Public Finance Guarantee Corp.

SONYMA—State of New York Mortgage Agency

See Notes to Financial Statements

Van Kampen New York Tax Free Income Fund

Financial Statements

Statement of Assets and Liabilities

March 31, 2009 (Unaudited)


Assets:
Total Investments (Cost $108,568,557)	$	96,508,671
Receivables:
Investments Sold		2,034,147
Interest		1,567,848
Fund Shares Sold		71,612
Other		71,000

Total Assets		100,253,278

Liabilities:
Payables:
Floating Rate Note Obligations		2,665,000
Custodian Bank		2,587,652
Investments Purchased		1,661,925
Fund Shares Repurchased		197,178
Income Distributions		97,904
Investment Advisory Fee		17,475
Distributor and Affiliates		994
Trustees’ Deferred Compensation and Retirement Plans		152,325
Accrued Expenses		93,997

Total Liabilities		7,474,450

Net Assets	$	92,778,828

Net Assets Consist of:
Capital (Par value of $0.01 per share with an unlimited number of shares authorized)	$	108,746,307
Accumulated Undistributed Net Investment Income		227,979
Accumulated Net Realized Loss		(4,135,572	)
Net Unrealized Depreciation		(12,059,886	)

Net Assets	$	92,778,828

Maximum Offering Price Per Share:
Class A Shares:
Net asset value and redemption price per share (Based on net assets of $64,800,656 and 4,743,759 shares of beneficial interest issued and outstanding)	$	13.66
Maximum sales charge (4.75%* of offering price)		0.68

Maximum offering price to public	$	14.34

Class B Shares:
Net asset value and offering price per share (Based on net assets of $11,183,706 and 820,338 shares of beneficial interest issued and outstanding)	$	13.63

Class C Shares:
Net asset value and offering price per share (Based on net assets of $16,794,466 and 1,231,001 shares of beneficial interest issued and outstanding)	$	13.64


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

See Notes to Financial Statements

Van Kampen New York Tax Free Income Fund
Financial Statements continued

Statement of Operations

For the Six Months Ended March 31, 2009 (Unaudited)


Investment Income:
Interest	$	2,901,688

Expenses:
Investment Advisory Fee		223,417
Distribution (12b-1) and Service Fees
Class A		82,110
Class B		5,880
Class C		82,893
Interest and Residual Trust Expenses		39,292
Professional Fees		32,175
Accounting and Administrative Expenses		30,828
Transfer Agent Fees		28,155
Reports to Shareholders		18,883
Trustees’ Fees and Related Expenses		13,445
Custody		7,950
Registration Fees		5,708
Other		7,087

Total Expenses		577,823
Expense Reduction		118,839
Less Credits Earned on Cash Balances		288

Net Expenses		458,696

Net Investment Income	$	2,442,992

Realized and Unrealized Gain/Loss:
Net Realized Loss	$	(2,523,048	)

Unrealized Appreciation/Depreciation:
Beginning of the Period		(9,613,994	)
End of the Period		(12,059,886	)

Net Unrealized Depreciation During the Period		(2,445,892	)

Net Realized and Unrealized Loss	$	(4,968,940	)

Net Decrease in Net Assets From Operations	$	(2,525,948	)

See Notes to Financial Statements

Van Kampen New York Tax Free Income Fund
Financial Statements continued

Statements of Changes in Net Assets (Unaudited)


	For The			For The
	Six Months Ended			Year Ended
	March 31, 2009			September 30, 2008


From Investment Activities:
Operations:
Net Investment Income	$	2,442,992		$	5,120,372
Net Realized Loss		(2,523,048	)		(1,670,717	)
Net Unrealized Depreciation During the Period		(2,445,892	)		(11,103,637	)

Change in Net Assets from Operations		(2,525,948	)		(7,653,982	)


Distributions from Net Investment Income:
Class A Shares		(1,736,301	)		(3,627,282	)
Class B Shares		(333,308	)		(869,093	)
Class C Shares		(379,436	)		(745,022	)

		(2,449,045	)		(5,241,397	)


Distributions from Net Realized Gain:
Class A Shares		-0-			(94,394	)
Class B Shares		-0-			(22,820	)
Class C Shares		-0-			(24,133	)

		-0-			(141,347	)

Total Distributions		(2,449,045	)		(5,382,744	)


Net Change in Net Assets from Investment Activities		(4,974,993	)		(13,036,726	)


From Capital Transactions:
Proceeds from Shares Sold		7,527,244			28,822,686
Net Asset Value of Shares Issued Through Dividend Reinvestment		1,816,269			3,929,806
Cost of Shares Repurchased		(19,625,503	)		(33,364,748	)


Net Change in Net Assets from Capital Transactions		(10,281,990	)		(612,256	)

Total Decrease in Net Assets		(15,256,983	)		(13,648,982	)
Net Assets:
Beginning of the Period		108,035,811			121,684,793

End of the Period (Including accumulated undistributed net investment income of $227,979 and $234,032, respectively)	$	92,778,828		$	108,035,811

See Notes to Financial Statements

Van Kampen New York Tax Free Income Fund

Financial Highlights (Unaudited)

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


	Six Months
	Ended
	March 31,			Year Ended September 30,
Class A Shares	2009			2008			2007			2006			2005		2004


Net Asset Value, Beginning of the Period	$	14.31		$	16.01		$	16.47		$	16.67		$	16.60	$	16.40

Net Investment Income		0.35	(a)		0.69	(a)		0.67	(a)		0.66	(a)		0.64		0.65
Net Realized and Unrealized Gain/Loss		(0.64	)		(1.66	)		(0.43	)		0.11			0.06		0.17

Total from Investment Operations		(0.29	)		(0.97	)		0.24			0.77			0.70		0.82

Less:
Distributions from Net Investment Income		0.36			0.71			0.68			0.65			0.63		0.62
Distributions from Net Realized Gain		-0-			0.02			0.02			0.32			-0-		-0-

Total Distributions		0.36			0.73			0.70			0.97			0.63		0.62

Net Asset Value, End of the Period	$	13.66		$	14.31		$	16.01		$	16.47		$	16.67	$	16.60


Total Return* (b)		–1.99%	**		–6.32%			1.34%			4.96%			4.29%		5.13%
Net Assets at End of the Period (In millions)	$	64.8		$	74.4		$	82.3		$	73.8		$	67.8	$	62.2
Ratio of Expenses to Average Net Assets*		0.85%			0.89%			0.81%			0.73%			0.76%		0.76%
Ratio of Net Investment Income to Average Net Assets*		5.25%			4.44%			4.12%			4.05%			3.87%		3.94%
Portfolio Turnover		16%	**		34%			13%			30%			41%		15%

Supplemental Ratio:
Ratio of Expenses to Average Net Assets (Excluding Interest and Residual Trust Expenses)*		0.77%			0.73%			0.72%			0.73%			0.76%		0.76%
* 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		1.10%			1.14%			1.06%			0.98%			1.01%		1.09%
Ratio of Net Investment Income to Average Net Assets		5.00%			4.19%			3.87%			3.80%			3.62%		3.60%
Supplemental Ratio:
Ratio of Expenses to Average Net Assets (Excluding Interest and Residual Trust Expenses)		1.02%			0.98%			0.97%			0.98%			1.01%		1.09%


**		Non-Annualized

(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 of up to .25% and do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares.

See Notes to Financial Statements

Van Kampen New York Tax Free Income Fund
Financial Highlights (Unaudited) continued

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


	Six Months
	Ended
	March 31,			Year Ended September 30,
Class B Shares	2009			2008			2007			2006			2005		2004


Net Asset Value, Beginning of the Period	$	14.27		$	15.97		$	16.43		$	16.63		$	16.58	$	16.38

Net Investment Income		0.36	(a)		0.70	(a)		0.60	(a)		0.54	(a)		0.52		0.52
Net Realized and Unrealized Gain/Loss		(0.65	)		(1.65	)		(0.43	)		0.11			0.04		0.18

Total from Investment Operations		(0.29	)		(0.95	)		0.17			0.65			0.56		0.70

Less:
Distributions from Net Investment Income		0.35			0.73			0.61			0.53			0.51		0.50
Distributions from Net Realized Gain		-0-			0.02			0.02			0.32			-0-		-0-

Total Distributions		0.35			0.75			0.63			0.85			0.51		0.50

Net Asset Value, End of the Period	$	13.63		$	14.27		$	15.97		$	16.43		$	16.63	$	16.58


Total Return* (b)		–1.94%	(c)**		–6.22%	(c)		0.95%	(c)		4.18%			3.40%		4.36%
Net Assets at End of the Period (In millions)	$	11.2		$	15.0		$	20.5		$	28.6		$	33.9	$	38.6
Ratio of Expenses to Average Net Assets*		0.70%	(c)		0.81%	(c)		1.23%	(c)		1.48%			1.51%		1.51%
Ratio of Net Investment Income to Average Net Assets*		5.40%			4.52%	(c)		3.69%	(c)		3.30%			3.12%		3.19%
Portfolio Turnover		16%	**		34%			13%			30%			41%		15%

Supplemental Ratio:
Ratio of Expenses to Average Net Assets (Excluding Interest and Residual Trust Expenses)*		0.62%	(c)		0.65%	(c)		1.14%	(c)		1.48%			1.51%		1.51%
* 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		0.95%	(c)		1.06%	(c)		1.48%	(c)		1.73%			1.76%		1.84%
Ratio of Net Investment Income to Average Net Assets		5.15%	(c)		4.27%	(c)		3.44%	(c)		3.05%			2.87%		2.85%
Supplemental Ratio:
Ratio of Expenses to Average Net Assets (Excluding Interest and Residual Trust Expenses)		0.87%	(c)		0.90%	(c)		1.39%	(c)		1.73%			1.76%		1.84%


**		Non-Annualized

(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 sixth year. If the sales charge was included, total returns would be lower. These returns include combined Rule 12b-1 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)		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 7).

See Notes to Financial Statements

Van Kampen New York Tax Free Income Fund
Financial Highlights (Unaudited) continued

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


	Six Months
	Ended
	March 31,			Year Ended September 30,
Class C Shares	2009			2008			2007			2006			2005			2004


Net Asset Value, Beginning of the Period	$	14.29		$	15.99		$	16.45		$	16.65		$	16.59		$	16.39

Net Investment Income		0.30	(a)		0.58	(a)		0.55	(a)		0.54	(a)		0.52			0.52
Net Realized and Unrealized Gain/Loss		(0.65	)		(1.67	)		(0.43	)		0.11			0.05			0.18

Total from Investment Operations		(0.35	)		(1.09	)		0.12			0.65			0.57			0.70

Less:
Distributions from Net Investment Income		0.30			0.59			0.56			0.53			0.51			0.50
Distributions from Net Realized Gain		-0-			0.02			0.02			0.32			-0-			-0-

Total Distributions		0.30			0.61			0.58			0.85			0.51			0.50

Net Asset Value, End of the Period	$	13.64		$	14.29		$	15.99		$	16.45		$	16.65		$	16.59


Total Return* (b)		–2.37%	(c)**		–7.04%			0.66%	(c)		4.14%	(c)		3.46%	(c)		4.36%
Net Assets at End of the Period (In millions)	$	16.8		$	18.6		$	18.9		$	17.4		$	18.1		$	17.5
Ratio of Expenses to Average Net Assets*		1.60%	(c)		1.64%			1.55%	(c)		1.46%	(c)		1.47%	(c)		1.51%
Ratio of Net Investment Income to Average Net Assets*		4.51%	(c)		3.70%			3.37%	(c)		3.32%	(c)		3.14%	(c)		3.19%
Portfolio Turnover		16%	**		34%			13%			30%			41%			15%

Supplemental Ratio:
Ratio of Expenses to Average Net Assets (Excluding Interest and Residual Trust Expenses)*		1.52%	(c)		1.48%			1.46%	(c)		1.46%	(c)		1.47%	(c)		1.51%
* 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		1.85%	(c)		1.89%			1.80%	(c)		1.71%	(c)		1.72%	(c)		1.84%
Ratio of Net Investment Income to Average Net Assets		4.26%	(c)		3.45%			3.12%	(c)		3.10%	(c)		2.89%	(c)		2.85%
Supplemental Ratio:
Ratio of Expenses to Average Net Assets (Excluding Interest and Residual Trust Expenses)		1.77%	(c)		1.73%			1.71%	(c)		1.71%	(c)		1.72%	(c)		1.84%


**		Non-Annualized

(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)		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 7).

See Notes to Financial Statements

Van Kampen New York Tax Free Income Fund

Notes to Financial Statements n March 31, 2009 (Unaudited)

1. Significant Accounting Policies

Van Kampen New York Tax Free Income Fund (the “Fund”) is organized as a series of the Van Kampen Tax Free Trust, a Delaware statutory trust, and is registered as a non-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 provide investors with a high level of current income exempt from federal, New York State and New York City income taxes, consistent with the preservation of capital. The Fund seeks to achieve its investment objective by investing primarily in a portfolio of New York municipal securities that are rated investment grade at the time of purchase. The Fund commenced investment operations on July 29, 1994. 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. As of March 31, 2009, there have been no sales of Class I Shares.

A. Security Valuation Municipal bonds are valued by independent pricing services or dealers using the mean of the bid and asked prices or, in the absence of market quotations, at fair value based upon yield data relating to municipal bonds with similar characteristics and general market conditions. Securities which are not valued by independent pricing services or dealers are valued at fair value using 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. Short-term securities with remaining maturities of 60 days or less are valued at amortized cost, which approximates market value.

Van Kampen New York Tax Free Income Fund
Notes to Financial Statements n March 31, 2009 (Unaudited) continued


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.

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


	Investments in
Valuation Inputs	Securities

Level 1—Quoted Prices	$	-0-
Level 2—Other Significant Observable Inputs		96,508,671
Level 3—Significant Unobservable Inputs		-0-

Total	$	96,508,671

B. 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 purchase and sell securities on a “when-issued” or “delayed delivery” basis, with settlement to occur at a later date. The value of the security so purchased is subject to market fluctuations during this period. The Fund will segregate assets with the custodian having an aggregate value at least equal to the amount of the when-issued or delayed delivery purchase commitments until payment is made. At March 31, 2009, there were no when-issued or delayed delivery purchase commitments.

Van Kampen New York Tax Free Income Fund
Notes to Financial Statements n March 31, 2009 (Unaudited) continued

At March 31, 2009, the cost and related gross unrealized appreciation and depreciation are as follows:


Cost of investments for tax purposes	$	105,036,860

Gross tax unrealized appreciation	$	1,609,828
Gross tax unrealized depreciation		(12,803,150	)

Net tax unrealized depreciation on investments	$	(11,193,322	)

E. Distribution of Income and Gains The Fund declares and pays monthly dividends from net investment income. Net realized gains, if any, are distributed at least annually. Distributions from net realized gains for book purposes may include short-term capital gains and gains on futures transactions. All short-term capital gains and a portion of futures gains are included as ordinary income for tax purposes. The tax character of distributions paid during the year ended September 30, 2008:


Distributions paid from:
Ordinary income	$	1,340
Tax-exempt income		5,255,748
Long-term capital gain		141,267

	$	5,398,355

As of September 30, 2008, the components of distributable earnings on a tax basis were as follows:


Undistributed ordinary income	$	318
Undistributed tax-exempt income		498,075

Net realized gains or losses may differ for financial reporting and tax purposes primarily as a result of gains or losses recognized on securities for tax purposes but not for book purposes.

F. Credits Earned on Cash Balances During the six months ended March 31, 2009, the Fund’s custody fee was reduced by $288 as a result of credits earned on cash balances.

Van Kampen New York Tax Free Income Fund
Notes to Financial Statements n March 31, 2009 (Unaudited) continued

Fund, thereby collapsing the dealer trusts. The Fund accounts for the transfer of bonds to the dealer trusts as secured borrowings, with the securities transferred remaining in the Fund’s investment assets, and the related floating rate notes reflected as Fund liabilities under the caption “Floating Rate Note Obligations” on the Statement of Assets and Liabilities. The Fund records the interest income from the fixed rate bonds under the caption “Interest” and records the expenses related to floating rate note obligations and any administrative expenses of the dealer trusts under the caption “Interest and Residual Trust Expenses” on the Fund’s Statement of Operations. The notes issued by the dealer trusts have interest rates that reset weekly and the floating rate note holders have the option to tender their notes to the dealer trusts for redemption at par at each reset date. At March 31, 2009, Fund investments with a value of $3,893,600 are held by the dealer trusts and serve as collateral for the $2,665,000 in floating rate notes outstanding at that date. Contractual maturities of the floating rate notes and interest rates in effect at March 31, 2009 are presented on the Portfolio of Investments. The average floating rate notes outstanding and average annual interest and fee rate related to residual interests during the six months ended March 31, 2009 were $4,216,496 and 1.87%, respectively.

2. Investment Advisory Agreement and Other Transactions with Affiliates

Under the terms of the Fund’s Investment Advisory Agreement, Van Kampen Asset Management (“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 $500 million		.470%
Over $500 million		.445%

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 0.85%, 0.70%, and 1.60% for Classes A, B, and C Shares, respectively. The fee waivers or expense reimbursements are voluntary and can be discontinued at any time. For the six months ended March 31, 2009, the Adviser waived or reimbursed approximately $118,800 of advisory fees or other expenses.

For the six months ended March 31, 2009, the Fund recognized expenses of approximately $6,800 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 six months ended March 31, 2009, the Fund recognized expenses of approximately $21,800, 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 Services and CCO Employment agreement are reported as part of “Accounting and Administrative Expenses” on the Statement of Operations.

Van Kampen New York Tax Free Income Fund
Notes to Financial Statements n March 31, 2009 (Unaudited) continued

Van Kampen Investor Services Inc. (VKIS), an affiliate of the Adviser, serves as the shareholder servicing agent for the Fund. For the six months ended March 31, 2009, the Fund recognized expenses of approximately $10,900 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 directors 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 $50,900 are included in “Other” assets on the Statement of Assets and Liabilities at March 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 six months ended March 31, 2009, Van Kampen, as Distributor for the Fund, received commissions on sales of the Fund’s Class A Shares of approximately $8,300 and contingent deferred sales charge (CDSC) on redeemed shares of approximately $28,500. Sales charges do not represent expenses of the Fund.

Van Kampen New York Tax Free Income Fund
Notes to Financial Statements n March 31, 2009 (Unaudited) continued

3. Capital Transactions

For the six months ended March 31, 2009 and the year ended September 30, 2008, transactions were as follows:


	For The						For The
	Six Months Ended						Year Ended
	March 31, 2009						September 30, 2008
	Shares			Value			Shares			Value

Sales:
Class A		405,416		$	5,450,353			1,351,842		$	21,089,271
Class B		57,199			769,898			82,949			1,295,726
Class C		97,838			1,306,993			411,493			6,437,689

Total Sales		560,453		$	7,527,244			1,846,284		$	28,822,686


Dividend Reinvestment:
Class A		97,184		$	1,306,103			177,292		$	2,734,663
Class B		18,822			252,242			43,957			677,878
Class C		19,210			257,924			33,588			517,265

Total Dividend Reinvestment		135,216		$	1,816,269			254,837		$	3,929,806


Repurchases:
Class A		(956,563	)	$	(12,928,171	)		(1,468,237	)	$	(22,797,808	)
Class B		(308,216	)		(4,123,103	)		(358,404	)		(5,537,790	)
Class C		(190,891	)		(2,574,229	)		(322,913	)		(5,029,150	)

Total Repurchases		(1,455,670	)	$	(19,625,503	)		(2,149,554	)	$	(33,364,748	)

4. Redemption Fee

5. Investment Transactions

During the period, the cost of purchases and proceeds from sales of investments, excluding short-term investments, were $16,038,098 and $32,817,900, 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.

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 and to manage the portfolio’s effective maturity and duration. All of the Fund’s portfolio holdings, including derivative instruments, are marked to market each day with the change in value reflected in the unrealized appreciation/depreciation. Upon disposition, a realized gain or loss is generally recognized. Risks may arise as a result of the potential inability of counterparties to meet the terms of their contracts.

Van Kampen New York Tax Free Income Fund
Notes to Financial Statements n March 31, 2009 (Unaudited) continued

Summarized below are the different types of derivative financial instruments used by the Fund.

A. Futures Contracts The Fund may invest in futures contracts, a type of derivative investment. A futures contract is an agreement involving the delivery of a particular asset on a specified future date at an agreed upon price. The Fund generally invests in exchange traded futures contracts on U.S. Treasury Bonds or Notes and typically closes the contract prior to the delivery date. 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). The risk of loss associated with a futures contract is in excess of the variation margin reflected on the Statement of Assets and Liabilities.

There were no futures transactions entered into during the six month ended March 31, 2009.

7. Distribution 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 .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.

All distribution expenses incurred by the Distributor have been reimbursed by the Fund which has resulted in a reduced distribution fee for Class B Shares and Class C Shares. To the extent distribution expenses are incurred by the Distributor in the future, these amounts may be recovered from subsequent payments under the distribution plan or CDSC.

Van Kampen New York Tax Free Income Fund
Notes to Financial Statements n March 31, 2009 (Unaudited) continued

8. Indemnifications

9. Accounting Pronouncements

Van Kampen New York Tax Free 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 333 West Wacker Drive Chicago, Illinois 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 New York Tax Free 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 annually.

We Respect Your Privacy

1. What Personal Information Do We Collect About You?


	•	We collect information such as your name, address, e-mail address, phone number and account title.

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Van Kampen New York Tax Free 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?

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Van Kampen New York Tax Free Income Fund
An Important Notice Concerning Our
U.S. Privacy Policy continued

3. How Do We Protect the Security and Confidentiality of Personal Information We Collect About You?

4. How Can You Limit the Sharing of Certain Types of Personal Information With Affiliated Companies?

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

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Van Kampen New York Tax Free Income Fund
An Important Notice Concerning Our
U.S. Privacy Policy continued

If you wish to opt-out of sharing and to limit marketing offers, you may do so by:


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

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

SPECIAL NOTICE TO RESIDENTS OF VERMONT

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Van Kampen New York Tax Free Income Fund
An Important Notice Concerning Our
U.S. Privacy Policy continued

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

Van Kampen Funds Inc.

522 Fifth Avenue

New York, New York 10036

www.vankampen.com

235, 325, 425

NYTFSAN 5/09

IU09-02130P-Y03/09

Item 2. Code of Ethics.

Not applicable for semi-annual reports.

Item 3. Audit Committee Financial Expert.

Not applicable for semi-annual reports.

Item 4. Principal Accountant Fees and Services.

Not applicable for semi-annual reports.

Item 5. Audit Committee of Listed Registrants.

Not applicable for semi-annual reports.

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 Trust’s principal executive officer and principal financial officer have concluded that the Trust’s disclosure controls and procedures are sufficient to ensure that information required to be disclosed by the Trust in this Form N-CSRS 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) Code of Ethics — Not applicable for semi-annual reports.

(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.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant) Van Kampen Tax Free Trust

By: /s/ Edward C. Wood III
Name: Edward C. Wood III
Title: Principal Executive Officer
Date: May 19, 2009

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By: /s/ Edward C. Wood III
Name: Edward C. Wood III
Title: Principal Executive Officer
Date: May 19, 2009

By: /s/ Stuart N. Schuldt
Name: Stuart N. Schuldt
Title: Principal Financial Officer
Date: May 19, 2009

NOT FDIC INSURED

OFFER NO BANK GUARANTEE

MAY LOSE VALUE

NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY

NOT A DEPOSIT