1
                                EXHIBIT (a) (6)

                   Text of Press Release Dated August 31, 2001


NEWS RELEASE

FOR IMMEDIATE RELEASE

FOR MORE INFORMATION CONTACT:
A. Thomas Smith III             or                  Ian J. McPheron
800/225-2222                                        800/225-2222
Ext. 6784                                           Ext. 6845


                     VAN KAMPEN SENIOR FLOATING RATE FUND
                 COMPLETES TENDER OFFER FOR ITS COMMON SHARES


        CHICAGO (August 31, 2001) -- Van Kampen Senior Floating Rate Fund
announced today the final results of its tender offer for up to 26,366,439 of
its outstanding common shares of beneficial interest.  The offer expired at
12:00 Midnight, Eastern Time, on August 17, 2001.

        The Fund said that 10,116,177 common shares outstanding as of the
expiration of the tender offer, were validly tendered through the stated
expiration date. All 10,116,177 common shares tendered were purchased at a price
of $8.48 per common share, the net asset value at the time the offer expired.
Payment for the shares purchased was mailed prior to the date hereof.

        As indicated in the Fund's current prospectus, the Board of Trustees of
the Fund currently intends, each quarter, to consider authorizing the Fund to
make a tender offer for its common shares in order to attempt to provide
liquidity to its investors.

        The Fund commenced operations on March 27, 1998 and had total net
assets of approximately $681,901,680 as of August 17, 2001.

        Van Kampen Senior Floating Rate Fund is advised and distributed by
subsidiaries of Van Kampen Investments Inc. ("Van Kampen"). Van Kampen is one
of the nation's largest investment management companies with more than $83
billion in assets under management or supervision, as of June 30, 2001. With
roots in money management dating back to 1927, Van Kampen has helped more than
four generations of investors achieve their financial goals. Headquartered in
the Chicagoland area, Van Kampen is a wholly owned subsidiary of Morgan Stanley
Dean Witter (NYSE: MWD).

                                     # # #

For more complete information, including risk considerations, fees, sales
charges and ongoing expenses, please contact your financial advisor for a
prospectus or download one at www.vankampen.com. Please read it carefully before
you invest or send money.

Copyright (C) 2001 Van Kampen Funds Inc. All Rights Reserved 3172D01-ANS-8/01