EXHIBIT (a) (6)

                  Text of Press Release Dated August 30, 2002


NEWS RELEASE

FOR MORE INFORMATION CONTACT:
Lou Anne D. McInnis             or                  Natasha Kassian
800/869-6397                                        800/869-6397


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


        CHICAGO (August 30, 2002) -- Van Kampen Senior Floating Rate Fund
announced today the final results of its tender offer for up to 15,869,256 of
its outstanding common shares of beneficial interest.  The offer expired at
12:00 Midnight, Eastern Time, on August 16, 2002.

        The Fund said that 4,428,189 common shares outstanding as of the
expiration of the tender offer, were validly tendered through the stated
expiration date. All 4,428,189 common shares tendered were purchased at a
price of $7.64 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 $335 billion as of August 16, 2002.

        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 $70 billion
in assets under management or supervision, as of June 30, 2002. 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
Chicago area, Van Kampen is a wholly owned subsidiary of Morgan Stanley Dean
Witter & Co. (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) 2002 Van Kampen Funds Inc. All Rights Reserved 3172D02-ANS-08/02
Member NASD/SIPC.