SCHEDULE 14A INFORMATION
PROXY STATEMENT PURSUANT TO SECTION 14(A) OF THE SECURITIES
EXCHANGE ACT OF 1934 (AMENDMENT NO. )
Filed by the Co-Registrants [X]
Filed by a Party other than the Registrant [ ]
Check the appropriate box:
[X] Preliminary Proxy Statement [ ] Confidential, for Use of the Com-
mission Only (as permitted
by
Rule 14a-6(e)(2))
[ ] Definitive Proxy Statement
[ ] Definitive Additional Materials
[ ] Soliciting Material Pursuant to Rule 14a-11(c) or Rule 14a-12
VAN KAMPEN HIGH INCOME TRUST
VAN KAMPEN HIGH INCOME TRUST II
VAN KAMPEN INVESTMENT GRADE MUNICIPAL TRUST
VAN KAMPEN MUNICIPAL TRUST
VAN KAMPEN CALIFORNIA QUALITY MUNICIPAL TRUST
VAN KAMPEN NEW YORK QUALITY MUNICIPAL TRUST
VAN KAMPEN PENNSYLVANIA QUALITY MUNICIPAL TRUST
VAN KAMPEN FLORIDA QUALITY MUNICIPAL TRUST
VAN KAMPEN OHIO QUALITY MUNICIPAL TRUST
VAN KAMPEN TRUST FOR INSURED MUNICIPALS
VAN KAMPEN TRUST FOR INVESTMENT GRADE MUNICIPALS
VAN KAMPEN TRUST FOR INVESTMENT GRADE CALIFORNIA MUNICIPALS
VAN KAMPEN TRUST FOR INVESTMENT GRADE NEW YORK MUNICIPALS
VAN KAMPEN TRUST FOR INVESTMENT GRADE PENNSYLVANIA MUNICIPALS
VAN KAMPEN TRUST FOR INVESTMENT GRADE FLORIDA MUNICIPALS
VAN KAMPEN TRUST FOR INVESTMENT GRADE NEW JERSEY MUNICIPALS
VAN KAMPEN ADVANTAGE MUNICIPAL INCOME TRUST
VAN KAMPEN ADVANTAGE PENNSYLVANIA MUNICIPAL INCOME TRUST
VAN KAMPEN VALUE MUNICIPAL INCOME TRUST
VAN KAMPEN OHIO VALUE MUNICIPAL INCOME TRUST
VAN KAMPEN MASSACHUSETTS VALUE MUNICIPAL INCOME TRUST
VAN KAMPEN NEW YORK VALUE MUNICIPAL INCOME TRUST
VAN KAMPEN CALIFORNIA VALUE MUNICIPAL INCOME TRUST
VAN KAMPEN PENNSYLVANIA VALUE MUNICIPAL INCOME TRUST
VAN KAMPEN MUNICIPAL OPPORTUNITY TRUST
VAN KAMPEN MUNICIPAL OPPORTUNITY TRUST II
VAN KAMPEN ADVANTAGE MUNICIPAL INCOME TRUST II
VAN KAMPEN SELECT SECTOR MUNICIPAL TRUST
VAN KAMPEN STRATEGIC SECTOR MUNICIPAL TRUST
VAN KAMPEN MUNICIPAL INCOME TRUST
VAN KAMPEN CALIFORNIA MUNICIPAL TRUST
VAN KAMPEN BOND FUND
VAN KAMPEN INCOME TRUST
(Names of Co-Registrants as Specified in Their Charters)
Payment of Filing Fee (Check the appropriate box):
[X] No fee required.
[ ] Fee computed per Exchange Act Rules 14a-6(i)(1) and 0-11.
[ ] Fee paid previously with preliminary materials.
-- MAY 2003 --
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IMPORTANT NOTICE
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- --------------------------------------------------------------------------------
TO VAN KAMPEN
CLOSED-END FUND SHAREHOLDERS
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QUESTIONS & ANSWERS
- ---------------------------------------
Although we recommend that you read the complete Joint Proxy Statement, for your
convenience, we have provided a brief overview of the issues to be voted on.
- ---------------------------------------
Q WHY IS A SHAREHOLDER
MEETING BEING HELD?
A Each Van Kampen closed-
end fund is traded on a nationally recognized stock exchange and is required to
hold an annual meeting of shareholders.
Q WHAT PROPOSAL WILL BE
VOTED ON?
A You are being asked to elect
nominees for the Board of Trustees and to approve a related amendment to your
Fund's declaration of trust to increase the authorized number of board members.
Q WILL MY VOTE MAKE
A DIFFERENCE?
A Yes, your vote is important
and will make a difference no matter how many shares you own. We encourage all
shareholders to participate in the governance of their funds.
Q HOW DOES THE BOARD OF
TRUSTEES RECOMMEND THAT I VOTE?
A The Board recommends
that you vote "FOR ALL" of the nominees on the enclosed proxy card and "FOR" the
proposed amendment to the declaration of trust.
Q WHY DOES THE JOINT PROXY
STATEMENT LIST SEVERAL CLOSED-END FUNDS?
A The funds have similar
proposals and it is cost-effective to have a joint proxy statement and one
meeting.
Q WHERE DO I CALL FOR
MORE INFORMATION?
A Please call Van Kampen's
Client Relations Department at 1-800-341-2929 (Telecommunications Device for the
Deaf users may call 1-800-421-2833) or visit our website at www.vankampen.com,
where you can send us an e-mail message by selecting "Contact Us."
ABOUT THE PROXY CARD
- --------------------------------------------------------------------------------
Please vote on each issue using blue or black ink to mark an X in one of the
boxes provided on the proxy card.
ELECTION OF TRUSTEES - mark "FOR ALL," "WITHHOLD" or "FOR ALL EXCEPT."
To withhold authority to vote for any one or more individual nominee(s), check
"FOR ALL EXCEPT" and write the nominee's name in the line below.
AMENDMENT TO DECLARATION OF TRUST - mark "FOR," "AGAINST" or "ABSTAIN."
Sign, date and return the proxy card in the enclosed postage-paid envelope. All
registered owners of an account, as shown in the address, must sign the card.
When signing as attorney, trustee, executor, administrator, custodian, guardian
or corporate officer, please indicate your full title.
<Table>
[ ] PLEASE MARK
X VOTES AS IN
THIS EXAMPLE
</Table>
VAN KAMPEN XXXXX
JOINT ANNUAL MEETING OF SHAREHOLDERS
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
<Table>
<Caption>
FOR ALL
FOR ALL WITHHOLD EXCEPT
1x. Authority to vote [ ] [ ] [ ] 3. To transact such other business as may
for the election as properly come before the Meeting.
Class X Trustees
the nominees named
below:
XXXXXXXXX, XXXXXXXXX, XXXXXXXXX
To withhold authority to vote for any one or more
individual nominee check "For All Except" and write
the
nominee's name on the line below.
----------------------------------
</Table>
<Table>
<Caption>
FOR AGAINST ABSTAIN
2. To amend the [ ] [ ] [ ]
declaration of
trust:
</Table>
Please be sure to sign and date this Proxy, Date
Shareholder sign here Co-owner sign here
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
SAMPLE
VAN KAMPEN CLOSED-END FUNDS
1 PARKVIEW PLAZA
OAKBROOK TERRACE, ILLINOIS 60181-5555
TELEPHONE (800) 341-2929
NOTICE OF JOINT ANNUAL MEETING OF SHAREHOLDERS
TO BE HELD JUNE 24, 2003
Notice is hereby given to the holders of common shares of beneficial interest
("Common Shares") and, where applicable, the holders of preferred shares of
beneficial interest (the "Preferred Shares") of each of the Van Kampen Closed-
End Funds listed on Annex A (the "Funds") to the attached Joint Proxy Statement
that a Joint Annual Meeting of Shareholders of the Funds (the "Meeting") will be
held at the offices of Van Kampen Investments Inc., 1 Parkview Plaza, Oakbrook
Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003, at 3:00 p.m., for the
following purposes:
<Table>
1. To elect trustees in the following manner:
(a) With respect to VIG, VNV, VKI, VKV, VOV, VCV, VPV, VMV,
VKS and VOT, to elect four Class I trustees, one Class
II trustee and one Class III trustee, each by the
holders of Common Shares of each such Fund. Each elected
Class I trustee will serve for a three year term or
until a successor shall have been duly elected and
qualified. The elected Class II trustee will serve for a
one year term or until a successor shall have been duly
elected and qualified. The elected Class III trustee
will serve for a two year term or until a successor
shall have been duly elected and qualified.
(b) With respect to VGM, VTJ, VKA, VFM, VIM, VTN, VAP, VOQ,
VIC, VTP, VKQ, VNM, VTF, VMO, VQC, VPQ, VLT, VIT, VMT
and VKC, to elect two Class I trustees, each by the
holders of Common Shares of each such Fund, three Class
II trustees, two by the holders of Common Shares of each
such Fund and one by the holders of Preferred Shares of
each such Fund, and one Class III trustee by the holders
of Common Shares of each such Fund. Each elected Class I
trustee will serve for a two year term or until a
successor shall have been duly elected and qualified.
Each elected Class II trustee will serve for a three
year term or until a successor shall have been duly
elected and qualified. The elected Class III trustee
will serve for a one year term or until a successor
shall have been duly elected and qualified.
</Table>
<Table>
(c) With respect to VBF, to elect two Class I trustees, three Class II
trustees and one Class III trustee, each by the holders of Common
Shares of such Fund. Each elected Class I trustee will serve for a
two year term or until a successor shall have been duly elected and
qualified. Each elected Class II trustee will serve for a three year
term or until a successor shall have been duly elected and qualified.
The elected Class III trustee will serve for a one year term or until
a successor shall have been duly elected and qualified.
(d) With respect to VKL, to elect two Class I trustees, each by the
holders of Common Shares of such Fund, one Class II trustee by the
holders of Common Shares of such Fund, and four Class III trustees,
three by the holders of Common Shares of such Fund and one by the
holders of Preferred Shares of such Fund. Each elected Class I
trustee will serve for a one year term or until a successor shall
have been duly elected and qualified. The elected Class II trustee
will serve for a two year term or until a successor shall have been
duly elected and qualified. Each elected Class III trustee will serve
for a three year term or until a successor shall have been duly
elected and qualified.
(e) With respect to VIN, to elect two Class I trustees, one Class II
trustee and four Class III trustees, each by the holders of Common
Shares of such Fund. Each elected Class I trustee will serve for a
one year term or until a successor shall have been duly elected and
qualified. The elected Class II trustee will serve for a two year
term or until a successor shall have been duly elected and qualified.
Each elected Class III trustee will serve for a three year term or
until a successor shall have been duly elected and qualified.
2. With respect to each Fund except VBF and VIN, to approve a related
amendment to the Fund's declaration of trust to increase the authorized
number of board members.
3. To transact such other business as may properly come before the Meeting
or any adjournments thereof.
</Table>
Holders of record of the Common Shares and, where applicable, Preferred Shares
of each Fund at the close of business on April 25, 2003 are entitled to notice
of and to vote at the Meeting and any adjournment thereof.
By order of the Board of Trustees
A. THOMAS SMITH III,
Vice President and Secretary
May , 2003
EACH FUND WILL FURNISH, WITHOUT CHARGE, A COPY OF ITS MOST RECENT ANNUAL
REPORT (AND THE MOST RECENT SEMI-ANNUAL REPORT SUCCEEDING THE ANNUAL REPORT, IF
ANY) TO A SHAREHOLDER UPON REQUEST. ANY SUCH REQUEST SHOULD BE DIRECTED TO THE
RESPECTIVE FUND BY CALLING 1-800-341-2929 OR BY WRITING TO THE RESPECTIVE FUND
AT 1 PARKVIEW PLAZA, PO BOX 5555, OAKBROOK TERRACE, ILLINOIS 60181-5555.
SHAREHOLDERS OF THE FUNDS ARE INVITED TO ATTEND THE MEETING IN PERSON. IF YOU
DO NOT EXPECT TO ATTEND THE MEETING, PLEASE INDICATE YOUR VOTING INSTRUCTIONS ON
THE ENCLOSED PROXY CARD WITH RESPECT TO EACH FUND IN WHICH YOU WERE A
SHAREHOLDER AS OF THE RECORD DATE, DATE AND SIGN SUCH PROXY CARD(S), AND RETURN
IT (THEM) IN THE ENVELOPE PROVIDED, WHICH IS ADDRESSED FOR YOUR CONVENIENCE AND
NEEDS NO POSTAGE IF MAILED IN THE UNITED STATES.
IN ORDER TO AVOID THE ADDITIONAL EXPENSE OF FURTHER SOLICITATION, WE ASK THAT
YOU MAIL YOUR PROXY PROMPTLY.
The Board of Trustees of each Fund recommends that you cast your vote:
- FOR ALL of the nominees for the Board of Trustees listed in the Joint Proxy
Statement.
- FOR the proposed amendment to the declaration of trust listed in the Joint
Proxy Statement.
YOUR VOTE IS IMPORTANT.
PLEASE RETURN YOUR PROXY CARD(S) PROMPTLY
NO MATTER HOW MANY SHARES YOU OWN.
JOINT PROXY STATEMENT
VAN KAMPEN CLOSED-END FUNDS
1 PARKVIEW PLAZA
OAKBROOK TERRACE, ILLINOIS 60181-5555
TELEPHONE (800) 341-2929
JOINT ANNUAL MEETING OF SHAREHOLDERS
JUNE 24, 2003
INTRODUCTION
This Joint Proxy Statement is furnished in connection with the solicitation by
the respective Board of Trustees (the "Trustees" or the "Board") of each of the
Van Kampen Closed-End Funds listed on Annex A to this Joint Proxy Statement (the
"Funds") of proxies to be voted at a Joint Annual Meeting of Shareholders of the
Funds, and all adjournments thereof (the "Meeting"), to be held at the offices
of Van Kampen Investments Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois
60181-5555, on Tuesday, June 24, 2003, at 3:00 p.m. The Meeting will be an
annual meeting for each Fund. The approximate mailing date of this Joint Proxy
Statement and accompanying form of proxy is May , 2003.
Participating in the Meeting are holders of common shares of beneficial
interest (the "Common Shares") and, where applicable, the holders of preferred
shares of beneficial interest (the "Preferred Shares") of each of the Funds as
set forth in Annex A to this Joint Proxy Statement. The Common Shares and the
Preferred Shares of the Funds sometimes are referred to herein collectively as
the "Shares." The Meeting is scheduled as a joint meeting of the shareholders of
the Funds because the shareholders of the Funds are expected to consider and
vote on similar matters. The Board of Trustees has determined that the use of a
joint proxy statement for the Meeting is in the best interest of the
shareholders of each of the Funds. In the event that a shareholder of any Fund
present at the Meeting objects to the holding of a joint meeting and moves for
an adjournment of the meeting of such Fund to a time immediately after the
Meeting so that such Fund's meeting may be held separately, the persons named as
proxies will vote in favor of the adjournment.
Annex A lists the abbreviated name and stock symbol by which the Funds
sometimes are referred to in this Joint Proxy Statement. Please refer to Annex A
for any questions you may have regarding whether your Fund is participating at
the Meeting, defined terms relating to the Funds and abbreviated Fund names.
The Board has fixed the close of business on April 25, 2003 as the record date
(the "Record Date") for the determination of holders of Shares of each Fund
entitled to vote at the Meeting. The number of issued and outstanding Common
Shares and, where applicable, Preferred Shares of each Fund as of the Record
Date is shown in Annex B to this Joint Proxy Statement.
The following table summarizes the proposals to be presented at the Meeting
for the Funds and the shareholders entitled to vote with respect to the
proposals.
<Table>
<Caption>
PROPOSALS/AFFECTED FUNDS AFFECTED SHAREHOLDERS
- ------------------------ ---------------------
1. ELECTION OF TRUSTEES:
(a) With respect to VIG, VNV, VKI, VKV, VOV, VCV, VPV,
VMV, VKS and VOT, to elect
-- four Class I trustees, each by holders of
Common Shares of each such Fund Common
-- one Class II trustee by holders of Common
Shares of each such Fund Common
-- one Class III trustee by holders of Common
Shares of each such Fund Common
(b) With respect to VGM, VTJ, VKA, VFM, VIM, VTN, VAP,
VOQ, VIC, VTP, VKQ, VNM, VTF, VMO, VQC, VPQ, VLT,
VIT, VMT and VKC, to elect
-- two Class I trustees, each by holders of Common
Shares of each such Fund Common
-- two Class II trustees, each by holders of
Common Shares of each such Fund Common
-- one Class II trustee by holders of Preferred
Shares of each such Fund Preferred
-- one Class III trustee by holders of Common
Shares of each such Fund Common
(c) With respect to VBF, to elect
-- two Class I trustees, each by holders of Common
Shares of such Fund Common
-- three Class II trustees, each by holders of
Common Shares of such Fund Common
-- one Class III trustee by holders of Common
Shares of such Fund Common
(d) With respect to VKL, to elect
-- two Class I trustees, each by holders of Common
Shares of such Fund Common
-- one Class II trustee by holders of Common
Shares of such Fund Common
-- three Class III trustees, each by holders of
Common Shares of such Fund Common
-- one Class III trustee by holders of Preferred
Shares of such Fund Preferred
</Table>
2
<Table>
<Caption>
PROPOSALS/AFFECTED FUNDS AFFECTED SHAREHOLDERS
- ------------------------ ---------------------
(e) With respect to VIN, to elect
-- two Class I trustees, each by holders of Common
Shares of such Fund Common
-- one Class II trustee by holders of Common
Shares of such Fund Common
-- four Class III trustees, each by holders of
Common Shares of such Fund Common
2. With respect to each Fund except VBF and VIN, to Common and Preferred,
approve an amendment to the Fund's declaration of as separate classes
trust to increase the authorized number of board
members
</Table>
EACH FUND WILL FURNISH, WITHOUT CHARGE, A COPY OF ITS MOST RECENT ANNUAL
REPORT (AND THE MOST RECENT SEMI-ANNUAL REPORT SUCCEEDING THE ANNUAL REPORT, IF
ANY) TO A SHAREHOLDER UPON REQUEST. ANY SUCH REQUEST SHOULD BE DIRECTED TO THE
RESPECTIVE FUND BY CALLING 1-800-341-2929 OR BY WRITING TO THE RESPECTIVE FUND
AT 1 PARKVIEW PLAZA, PO BOX 5555, OAKBROOK TERRACE, ILLINOIS 60181-5555.
VOTING
Shareholders of a Fund on the Record Date are entitled to one vote per Share
with respect to any proposal submitted to the shareholders of the Fund, with no
Share having cumulative voting rights. The voting requirement for passage of a
particular proposal depends on the nature of the proposal.
With respect to Proposal 1(a) through (e), holders of Common Shares and
Preferred Shares, where applicable, will vote as separate classes for the
respective nominee(s) to be elected by such class of Shares. The affirmative
vote of a plurality of the Common Shares of a Fund present at the Meeting in
person or by proxy is required to elect each nominee for Trustee of such Fund
designated to be elected by the holders of the Common Shares of such Fund. The
affirmative vote of a plurality of the Preferred Shares of a Fund present at the
Meeting in person or by proxy is required to elect each nominee for Trustee of
such Fund designated to be elected by the holders of the Preferred Shares of
such Fund. Election by plurality means those persons who receive the highest
number of votes cast "FOR" up to the total number of persons to be elected as
trustees at the Meeting shall be elected.
With respect to Proposal 2 affecting each Fund except VBF and VIN, holders of
Common Shares and Preferred Shares will vote as separate classes to amend the
respective declaration of trust of each such Fund to increase the authorized
number of board members. The affirmative vote of a "majority of the outstanding
voting securities" of a Fund, which is defined under the Investment Company Act
of 1940, as amended (the "1940 Act"), as the lesser of (i) 67% or more of the
voting securities of the Fund present in person or by proxy at the Meeting, if
the holders of more than 50% of the outstanding voting securities of the Fund
are present in
3
person or by proxy at the Meeting or (ii) more than 50% of the outstanding
voting securities of the Fund, is required to amend a Fund's declaration of
trust.
The Board of Trustees of each Fund recommends that you cast your vote:
- FOR ALL of the nominees for the Board of Trustees listed in the proxy
statement.
- FOR the proposed amendment to the declaration of trust.
An unfavorable vote on a proposal by the shareholders of one Fund will not
affect the implementation of such proposal by another Fund, if the proposal is
approved by the shareholders of the other Fund. An unfavorable vote on a
proposal by the shareholders of a Fund will not affect such Fund's
implementation of other proposals that receive a favorable vote. There is no
cumulative voting with respect to the election of Trustees or the proposed
amendment to the declaration of trust of each Fund except VBF and VIN.
All properly executed proxies received prior to the Meeting will be voted at
the Meeting in accordance with the instructions marked thereon. Proxies received
prior to the Meeting on which no vote is indicated will be voted "FOR" each
proposal as to which they are entitled to be voted. Abstentions and broker
non-votes (i.e., where a nominee such as a broker, holding shares for beneficial
owners, indicates that instructions have not been received from the beneficial
owners, and the nominee does not exercise discretionary authority) are not
treated as votes "FOR" a proposal. With respect to Proposal 1(a) through (e),
abstentions and broker non-votes are disregarded since only votes "FOR" are
considered in a plurality voting requirement. With respect to Proposal 2,
abstentions do not constitute votes "FOR" a proposal and will have the same
effect as votes "AGAINST" a proposal; and broker non-votes do not constitute
votes "FOR" or "AGAINST" a proposal, are disregarded in determining the votes
cast when the voting requirement for a proposal is based on achieving a
percentage of the voting securities present in person or by proxy at the Meeting
and have the same effect as votes "AGAINST" when the voting requirement for a
proposal is based on achieving a percentage of the outstanding voting
securities. A majority of the outstanding Shares of a Fund entitled to vote must
be present in person or by proxy to have a quorum for such Fund to conduct
business at the Meeting. Abstentions and broker non-votes will be deemed present
for quorum purposes.
Shareholders who execute proxies may revoke them at any time before they are
voted by filing with the respective Fund a written notice of revocation, by
delivering a duly executed proxy bearing a later date or by attending the
Meeting and voting in person.
The Funds know of no business other than that mentioned in Proposals 1 and 2
that will be presented for consideration at the Meeting. If any other matters
are properly presented, it is the intention of the persons named on the enclosed
proxy to vote proxies
4
in accordance with their best judgment. In the event a quorum is present at the
Meeting but sufficient votes to approve any of the proposals with respect to one
or more Funds or proposals are not received, the persons named as proxies may
propose one or more adjournments of the Meeting of the concerned Fund with
respect to such proposal to permit further solicitation of proxies, provided
they determine that such an adjournment and additional solicitation is
reasonable and in the interest of shareholders based on a consideration of all
relevant factors, including the nature of the relevant proposal, the percentage
of votes then cast, the percentage of negative votes then cast, the nature of
the proposed solicitation activities and the nature of the reasons for such
further solicitation.
INVESTMENT ADVISER
Van Kampen Investment Advisory Corp. ("Advisory Corp.") serves as investment
adviser to each Fund, except VBF and VIN. Van Kampen Asset Management Inc.
("Asset Management") serves as investment adviser to VBF and VIN. Advisory Corp.
and Asset Management sometimes are referred to herein collectively as the
"Advisers." The principal business address of the Advisers is 1 Parkview Plaza,
Oakbrook Terrace, Illinois 60181-5555. The Advisers are wholly owned
subsidiaries of Van Kampen Investments Inc. ("Van Kampen"). Van Kampen is one of
the nation's largest investment management companies, with more than $66 billion
in assets under management or supervision as of March 31, 2003. Van Kampen is a
wholly owned subsidiary of Morgan Stanley.
OTHER SERVICE PROVIDERS
Each Fund, except VBF, VIN, VKL, VMT, VKC, VIG, VLT and VIT, has entered into
an administration agreement between such Fund and Van Kampen Funds Inc. (in such
capacity, the "Administrator"). The Administrator's principal business address
is 1 Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555. The Administrator is
a wholly owned subsidiary of Van Kampen. With respect to VKS, the Administrator
has engaged UBS Global Asset Management (US) Inc. (formerly Brinson Advisors,
Inc.) to act as a sub-administrator (the "Sub-Administrator"). The
Sub-Administrator's principal place of business is 51 West 52nd Street, New
York, New York 10019. With respect to VKL, Advisory Corp. and the Fund have
entered into an administration agreement with Princeton Administrators, L.P.
("Princeton") for the provision of certain administrative services. Princeton's
principal place of business is 800 Scudders Mill Road, Plainsboro, New Jersey
08536. Each Fund, except VBF and VIN, has entered into an accounting services
agreement with Advisory Corp. and a legal services agreement with Van Kampen.
Van Kampen's principal business address is 1 Parkview Plaza, Oakbrook Terrace,
Illinois 60181-5555. Each of VMT, VKC, VIG, VLT and VIT has also entered into a
support services agreement with Van Kampen Funds Inc.
5
BACKGROUND ON PROPOSALS 1 AND 2
Shareholders are being asked to elect trustees to the respective Board of each
of the Funds and are also being asked to approve a related amendment to the
declaration of trusts for certain Funds to increase the authorized number of
board members. These actions reflect efforts under way to combine the incumbent
Trustees of the Funds with trustees/directors/managing general partners of
boards of other Van Kampen-related funds managed by the Advisers. The incumbent
Trustees of the Funds believe that the combination will create efficiencies and
improve the effectiveness of Trustee oversight of the Funds, the Funds'
management and the Funds' other service providers.
The incumbent Trustees reviewed shareholder benefits and costs (as well as
benefits and costs to the management company) of combining the
trustees/directors/managing general partners of the various Van-Kampen-related
funds into one board versus other alternatives to one board, including
maintaining the status quo. The incumbent Trustees reviewed shareholder benefits
in light of the changing environment for corporate governance. The incumbent
Trustees considered the benefits of combining the boards to include, among other
things: increased board independence for each fund; enhanced bargaining
strength; greater board efficiency and effectiveness in overseeing similarly
situated funds and service providers; broader backgrounds, experience,
knowledge, diversity and expertise among board members; experienced board
members at future retirements; and improved efficiencies among management
resources. The incumbent Trustees considered the goals of each board of the
Funds and other Van Kampen-related funds in pursuing a combination, the
qualitative and quantitative effects of a board combination on shareholders,
each board's current relationship with management and the anticipated
post-combination relationship with management, and efficiencies and improved
effectiveness that may be achieved at the fund level, board level, management
level and among third-party services providers. After reviewing these
considerations, the incumbent Trustees concluded that the combination is likely
to benefit shareholders of each Fund.
As in the past, only one class of the incumbent Trustees is being submitted to
shareholders of each Fund for re-election at the Meeting; however, all of the
new nominees for Trustees are being submitted to shareholders of each Fund for
election at the Meeting. The declaration of trust of each Fund provides that the
Board of Trustees shall consist of Trustees divided into three classes, the
classes to be as nearly equal in number as possible. For each Fund, the Trustees
of only one class are elected at each annual meeting so that the regular term of
only one class of Trustees will expire annually and any particular Trustee
stands for election only once in each three-year period. Consistent with the
foregoing, only one class of incumbent Trustees is up for election for each
Fund; however, each of the new nominees for Trustee is up for election this year
for each Fund with staggered terms so that the
6
new Trustees are divided into the existing three classes as nearly equal in
number as possible. This type of classification may prevent replacement of a
majority of Trustees for a particular Fund for up to a two-year period. The
foregoing is subject to the provisions of the 1940 Act, applicable state law
based on the state of organization of each Fund, each Fund's declaration of
trust and each Fund's bylaws. Proposals 1(a) through 1(e) describe the Trustees
and new nominees for Trustee nominated for election by each Fund at this
Meeting. Newly elected Trustees will begin serving their terms on June 30, 2003,
or such later date on which their election becomes final.
Shareholders are also being asked to approve a related amendment to the
declaration of trust of each Fund except VBF and VIN to increase the authorized
number of board members. Reflecting primarily that Van Kampen-related funds were
created at different times and that some Van Kampen-related funds were
historically from different fund complexes, the declarations of trust for the
Funds and the organizational documents for other Van Kampen-related funds have
different provisions regarding the maximum number of board members (for example,
some Van Kampen-related funds limit the number of board members to no more than
11 members, while other funds limit the board size to no more than 15 members,
still others limit the board size to no more than 20 members and finally some
are silent on the issue). In an effort to achieve more consistency across the
Van Kampen-related funds and to provide more flexibility in the board
combination process, shareholders of each Fund except VBF and VIN are being
asked to amend the respective Fund's declaration of trust to allow up to 15
board members. Proposal 2 describes the proposed amendment to the declarations
of trust of each Fund except VBF and VIN.
PROPOSAL 1: ELECTION OF TRUSTEES
Trustees are to be elected by the shareholders at the Meeting in the following
manner:
(a) With respect to VIG, VNV, VKI, VKV, VOV, VCV, VPV, VMV, VKS and
VOT, shareholders are being asked to elect six trustees. Four Class I
Trustees (David C. Arch, Jerry D. Choate, Howard J Kerr and Suzanne H.
Woolsey) are to be elected at the Meeting by the holders of Common
Shares to serve until the later of each such Fund's Annual Meeting of
Shareholders in 2006 or until their successors have been duly elected
and qualified. One Class II Trustee (Linda Hutton Heagy) is to be
elected at the Meeting by the holders of Common Shares to serve until
the later of each such Fund's Annual Meeting of Shareholders in 2004 or
until her successor has been duly elected and qualified. One Class III
Trustee (R. Craig Kennedy) is to be elected at the Meeting by the
holders of Common Shares to serve until the later of each such Fund's
7
Annual Meeting of Shareholders in 2005 or until his successor has been
duly elected and qualified. An affirmative vote of a plurality of the
Common Shares of each such Fund is required to elect the respective
nominees. It is the intention of the persons named in the enclosed
proxy to vote the Common Shares represented by them for the election of
the respective nominees listed below unless the proxy is marked
otherwise.
(b) With respect to VGM, VTJ, VKA, VFM, VIM, VTN, VAP, VOQ, VIC, VTP,
VKQ, VNM, VTF, VMO, VQC, VPQ, VLT, VIT, VMT and VKC, shareholders are
being asked to elect six trustees. Two Class I Trustees (Jerry D.
Choate and Suzanne H. Woolsey) are to be elected at the Meeting by the
holders of Common Shares to serve until the later of each such Fund's
Annual Meeting of Shareholders in 2005 or until their successors have
been duly elected and qualified. Two Class II Trustees (Linda Hutton
Heagy and Wayne W. Whalen) are to be elected at the Meeting by the
holders of Common Shares to serve until the later of each such Fund's
Annual Meeting of Shareholders in 2006 or until their successors have
been duly elected and qualified. One Class II Trustee (Rod Dammeyer) is
to be elected at the Meeting by the holders of Preferred Shares to
serve until the later of each such Fund's Annual Meeting of
Shareholders in 2006 or until his successor has been duly elected and
qualified. One Class III Trustee (R. Craig Kennedy) is to be elected at
the Meeting by the holders of Common Shares to serve until the later of
each such Fund's Annual Meeting of Shareholders in 2004 or until his
successor has been duly elected and qualified. Holders of Common
Shares, voting as a separate class, and holders of Preferred Shares,
voting as a separate class, will vote with respect to the nominees
designated to be elected by each such class of shares. An affirmative
vote of a plurality of the Common Shares of each such Fund and a
plurality of the Preferred Shares of each such Fund, each voting as a
separate class, is required to elect the respective nominees. It is the
intention of the persons named in the enclosed proxy to vote the Shares
represented by them for the election of the respective nominees listed
below unless the proxy is marked otherwise.
(c) With respect to VBF, shareholders are being asked to elect six
trustees. Two Class I Trustees (Jerry D. Choate and Suzanne H. Woolsey)
are to be elected at the Meeting by the holders of Common Shares to
serve until the later of such Fund's Annual Meeting of Shareholders in
2005 or until their successors have been duly elected and qualified.
Three Class II Trustees (Rod Dammeyer, Linda Hutton Heagy and Wayne W.
Whalen) are to be elected at the Meeting by the holders of Common
Shares to serve until the later of such Fund's Annual Meeting of
Shareholders in 2006 or until their successors have been duly elected
8
and qualified. One Class III Trustee (R. Craig Kennedy) is to be
elected at the Meeting by the holders of Common Shares to serve until
the later of such Fund's Annual Meeting of Shareholders in 2004 or
until his successor has been duly elected and qualified. An affirmative
vote of a plurality of the Common Shares of such Fund is required to
elect the respective nominees. It is the intention of the persons named
in the enclosed proxy to vote the Common Shares represented by them for
the election of the respective nominees listed below unless the proxy
is marked otherwise.
(d) With respect to VKL, shareholders are being asked to elect seven
trustees. Two Class I Trustees (Jerry D. Choate and Suzanne H. Woolsey)
are to be elected at the Meeting by the holders of Common Shares to
serve until the later of such Fund's Annual Meeting of Shareholders in
2004 or until their successors have been duly elected and qualified.
One Class II Trustee (Linda Hutton Heagy) is to be elected at the
Meeting by the holders of Common Shares to serve until the later of
such Fund's Annual Meeting of Shareholders in 2005 or until her
successor has been duly elected and qualified. Three Class III Trustees
(R. Craig Kennedy, Richard F. Powers III and Hugo F. Sonnenschein) are
to be elected at the Meeting by the holders of Common Shares to serve
until the later of such Fund's Annual Meeting of Shareholders in 2006
or until their successors have been duly elected and qualified. One
Class III Trustee (Theodore A. Myers) is to be elected at the Meeting
by the holders of Preferred Shares to serve until the later of such
Fund's Annual Meeting of Shareholders in 2006 or until his successor
has been duly elected and qualified. Holders of Common Shares, voting
as a separate class, and holders of Preferred Shares, voting as a
separate class, will vote with respect to respective nominees
designated to be elected by such class of shares. An affirmative vote
of a plurality of the Common Shares of each Fund and a plurality of the
Preferred Shares of each Fund, each voting as a separate class, is
required to elect the respective nominees. It is the intention of the
persons named in the enclosed proxy to vote the Shares represented by
them for the election of the respective nominees listed below unless
the proxy is marked otherwise.
(e) With respect to VIN, shareholders are being asked to elect seven
trustees. Two Class I Trustees (Jerry D. Choate and Suzanne H. Woolsey)
are to be elected at the Meeting by the holders of Common Shares to
serve until the later of such Fund's Annual Meeting of Shareholders in
2004 or until their successors have been duly elected and qualified.
One Class II Trustee (Linda Hutton Heagy) is to be elected at the
Meeting by the holders of Common Shares to serve until the later of
such Fund's Annual Meeting of Shareholders in 2005 or until her
9
successor has been duly elected and qualified. Four Class III Trustees
(R. Craig Kennedy, Theodore A. Myers, Richard F. Powers III and Hugo F.
Sonnenschein) are to be elected at the Meeting by the holders of Common
Shares to serve until the later of such Fund's Annual Meeting of
Shareholders in 2006 or until their successors have been duly elected
and qualified. An affirmative vote of a plurality of the Common Shares
of such Fund is required to elect the respective nominees. It is the
intention of the persons named in the enclosed proxy to vote the Common
Shares represented by them for the election of the respective nominees
listed below unless the proxy is marked otherwise.
10
INFORMATION REGARDING TRUSTEES AND NOMINEES FOR ELECTION AS TRUSTEE
The business and affairs of the Funds are managed under the direction of the
Board of Trustees. The tables below list the incumbent Trustees and new nominees
for Trustee, their principal occupations during the last five years, other
directorships held by them and their affiliations, if any, with the Advisers,
Van Kampen Funds Inc., Van Kampen Advisors Inc., Van Kampen Exchange Corp. and
Van Kampen Investor Services, Inc. The term "Fund Complex" includes each of the
investment companies advised by the Advisers. Trustees of the Funds generally
serve three year terms or until their successors are duly elected and qualified.
All nominees have consented to being named in this Joint Proxy Statement and
have agreed to serve if elected.
The proposed slate of Trustees consists of the seven incumbent Trustees, each
of whom serves, as of the date of this Joint Proxy Statement, as a trustee or
managing general partner of 37 Van Kampen-related funds in the Fund Complex (the
"Closed-End Fund Complex"), and four individuals who currently serve as
trustees/directors of 55 other Van Kampen-related funds in the Fund Complex (the
"Open-End Fund Complex"). Two of the incumbent Trustees are "interested persons"
of the Funds within the meaning of Section 2(a)(19) of the 1940 Act and are
hereinafter referred to as "Interested Trustees." The other five incumbent
Trustees are considered independent under the 1940 Act and are hereinafter
referred to as "Incumbent Independent Trustees." Each of the seven incumbent
Trustees has served as a member of the Board of Trustees since his initial
election or appointment to the Board of Trustees as set forth in Annex C to this
Joint Proxy Statement. The four nominees from the Open-End Fund Complex would be
considered independent under the 1940 Act and are hereinafter referred to as the
"New Nominees for Independent Trustee."
INCUMBENT INDEPENDENT TRUSTEES
<Table>
<Caption>
NUMBER OF
FUNDS IN
TERM OF CLOSED-END
OFFICE AND FUND
POSITION(S) LENGTH OF COMPLEX
NAME, AGE AND ADDRESS HELD WITH TIME PRINCIPAL OCCUPATION(S) OVERSEEN
OF TRUSTEE FUNDS SERVED DURING PAST 5 YEARS BY TRUSTEE
David C. Arch(1) (57) Trustee + Chairman and Chief Executive Officer of 37
Blistex Inc. Blistex Inc., a consumer health care
1800 Swift Drive products manufacturer, and former Director
Oak Brook, IL 60523 of the World Presidents
Organization-Chicago Chapter. Trustee or
Managing General Partner of other funds in
the Closed-End Fund Complex.
<Caption>
NAME, AGE AND ADDRESS OTHER DIRECTORSHIPS
OF TRUSTEE HELD BY TRUSTEE
David C. Arch(1) (57) Director of the Heartland
Blistex Inc. Alliance, a nonprofit
1800 Swift Drive organization serving human
Oak Brook, IL 60523 needs based in Chicago.
</Table>
11
<Table>
<Caption>
NUMBER OF
FUNDS IN
TERM OF CLOSED-END
OFFICE AND FUND
POSITION(S) LENGTH OF COMPLEX
NAME, AGE AND ADDRESS HELD WITH TIME PRINCIPAL OCCUPATION(S) OVERSEEN
OF TRUSTEE FUNDS SERVED DURING PAST 5 YEARS BY TRUSTEE
Rod Dammeyer(2) (62) Trustee + President of CAC, llc., a private company 37
CAC, llc. offering capital investment and management
4350 LaJolla Village advisory services. Trustee or Managing
Drive General Partner of other funds in the
Suite 980 Closed-End Fund Complex. Prior to February
San Diego, CA 92122-6223 2001, Vice Chairman and Director of Anixter
International, Inc. and IMC Global Inc.
Prior to July 2000, Managing Partner of
Equity Group Corporate Investment (EGI), a
company that makes private investments in
other companies.
<Caption>
NAME, AGE AND ADDRESS OTHER DIRECTORSHIPS
OF TRUSTEE HELD BY TRUSTEE
Rod Dammeyer(2) (62) Director of TeleTech
CAC, llc. Holdings Inc., Stericycle,
4350 LaJolla Village Inc., TheraSense, Inc., GATX
Drive Corporation, Arris Group,
Suite 980 Inc. and Trustee of the
San Diego, CA 92122-6223 University of Chicago
Hospitals and Health
Systems. Prior to May 2002,
Director of Peregrine
Systems Inc. Prior to July
2000, Director of Allied
Riser Communications Corp.,
Matria Healthcare Inc.,
Transmedia Networks, Inc.,
CNA Surety, Corp. and Grupo
Azcarero Mexico (GAM). Prior
to April 1999, Director of
Metal Management, Inc. Prior
to 1998, Director of Lukens,
Inc., Capsure Holdings
Corp., Revco D.S., Inc., the
Chase Manhattan Corporation
National Advisory Board and
Sealy, Inc.
</Table>
12
<Table>
<Caption>
NUMBER OF
FUNDS IN
TERM OF CLOSED-END
OFFICE AND FUND
POSITION(S) LENGTH OF COMPLEX
NAME, AGE AND ADDRESS HELD WITH TIME PRINCIPAL OCCUPATION(S) OVERSEEN
OF TRUSTEE FUNDS SERVED DURING PAST 5 YEARS BY TRUSTEE
Howard J Kerr(1) (67) Trustee + Trustee or Managing General Partner of 37
736 North Western Avenue other funds in the Closed-End Fund Complex.
P.O. Box 317 Prior to 1998, President and Chief
Lake Forest, IL 60045 Executive Officer of Pocklington
Corporation, Inc., an investment holding
company.
Theodore A. Myers(3) (72) Trustee + Financial consultant. Trustee or Managing 37
550 Washington Avenue General Partner of other funds in the Fund
Glencoe, IL 60022 Complex. Prior to 1998, Senior Financial
Advisor (and, prior to 1997, an Executive
Vice President, Chief Financial Officer and
Director) of Qualitech Steel Corporation, a
producer of high quality engineered steels
for automotive, transportation and capital
goods industries. Prior to 1997, member of
the Arthur Andersen Chief Financial
Officers' Advisory Committee.
<Caption>
NAME, AGE AND ADDRESS OTHER DIRECTORSHIPS
OF TRUSTEE HELD BY TRUSTEE
Howard J Kerr(1) (67) Director of the Marrow
736 North Western Avenue Foundation and Lake Forest
P.O. Box 317 Bank & Trust.
Lake Forest, IL 60045
Theodore A. Myers(3) (72) Director of Met Life
550 Washington Avenue Investors (formerly known as
Glencoe, IL 60022 COVA Financial Life
Insurance). Prior to 1997,
Director of McLouth Steel.
</Table>
13
<Table>
<Caption>
NUMBER OF
FUNDS IN
TERM OF CLOSED-END
OFFICE AND FUND
POSITION(S) LENGTH OF COMPLEX
NAME, AGE AND ADDRESS HELD WITH TIME PRINCIPAL OCCUPATION(S) OVERSEEN
OF TRUSTEE FUNDS SERVED DURING PAST 5 YEARS BY TRUSTEE
Hugo F. Sonnenschein(3) Trustee + President Emeritus and Honorary Trustee of 37
(62) the University of Chicago and the Adam
1126 E. 59th Street Smith Distinguished Service Professor in
Chicago, IL 60637 the Department of Economics at the
University of Chicago. Prior to July 2000,
President of the University of Chicago.
Trustee of the University of Rochester and
a member of its investment committee.
Member of the National Academy of Sciences,
the American Philosophical Society and a
fellow of the American Academy of Arts and
Sciences. Trustee or Managing General
Partner of other funds in the Closed-End
Fund Complex.
<Caption>
NAME, AGE AND ADDRESS OTHER DIRECTORSHIPS
OF TRUSTEE HELD BY TRUSTEE
Hugo F. Sonnenschein(3) Director of Winston
(62) Laboratories, Inc.
1126 E. 59th Street
Chicago, IL 60637
</Table>
NEW NOMINEES FOR INDEPENDENT TRUSTEE
<Table>
<Caption>
NUMBER OF
FUNDS IN
CLOSED-END
FUND COMPLEX
NAME, AGE AND ADDRESS PRINCIPAL OCCUPATION(S) TO BE OVERSEEN OTHER DIRECTORSHIPS
OF NOMINEE DURING PAST 5 YEARS BY NOMINEE HELD BY NOMINEE
Jerry D. Choate(1) (64) Trustee/Director of funds in the Open-End Fund Complex. 34 Director of Amgen
33971 Selva Road Prior to January 1999, Chairman and Chief Executive Officer Inc., a
Suite 130 of the Allstate Corporation ("Allstate") and Allstate biotechnological com-
Dana Point, CA 92629 Insurance Company. Prior to January 1995, President and pany, and Valero
Chief Executive Officer of Allstate. Prior to August 1994, Energy Corporation,
various management positions at Allstate. an independent
refining company.
</Table>
14
<Table>
<Caption>
NUMBER OF
FUNDS IN
CLOSED-END
FUND COMPLEX
NAME, AGE AND ADDRESS PRINCIPAL OCCUPATION(S) TO BE OVERSEEN OTHER DIRECTORSHIPS
OF NOMINEE DURING PAST 5 YEARS BY NOMINEE HELD BY NOMINEE
Linda Hutton Heagy(2) (54) Managing Partner of Heidrick & Struggles, an executive 34
Sears Tower search firm. Trustee/Director of funds in the Open-End Fund
233 South Wacker Drive Complex. Trustee of the University of Chicago Hospitals
Suite 7000 Board, Vice Chair of the Board of the YMCA of Metropolitan
Chicago, IL 60606 Chicago and a member of the Women's Board of the University
of Chicago. Prior to 1997, Partner of Ray & Berndtson, Inc.,
an executive recruiting firm. Prior to 1996, Trustee of The
International House Board, a fellowship and housing
organization for international graduate students. Prior to
1995, Executive Vice President of ABN AMRO, N.A., a Dutch
bank holding company. Prior to 1992, Executive Vice
President of La Salle National Bank.
R. Craig Kennedy(3) (51) Director and President of the German Marshall Fund of the 34
11 DuPont Circle, N.W. United States, an independent U.S. foundation created to
Washington, D.C. 20016 deepen understanding, promote collaboration and stimulate
exchanges of practical experience between Americans and
Europeans. Trustee/Director of funds in the Open-End Fund
Complex. Formerly, advisor to the Dennis Trading Group Inc.,
a managed futures and option company that invests money for
individuals and institutions. Prior to 1992, President and
Chief Executive Officer, Director and member of the
Investment Committee of the Joyce Foundation, a private
foundation.
Suzanne H. Woolsey(1) (61) Chief Communications Officer of the National Academy of 34 Director of Neurogen
2101 Constitution Ave., Sciences/National Research Council, an independent, Corporation, a
N.W. federally chartered policy institution, since 2001, and pharmaceutical
Room 285 previously Chief Operating Officer from 1993 to 2001. company, since
Washington, D.C. 20418 Trustee/Director of funds in the Open-End Fund Complex. January 1998.
Director of the Institute for Defense Analyses, a federally
funded research and development center. Director of the
German Marshall Fund of the United States. Trustee of
Colorado College. Prior to 1993, Executive Director of the
Commission on Behavioral and Social Sciences and Education
at the National Academy of Sciences/National Research
Council. From 1980 through 1989, Partner of Coopers &
Lybrand.
</Table>
15
INTERESTED TRUSTEES
<Table>
<Caption>
NUMBER OF
TERM OF FUNDS IN
OFFICE AND FUND
POSITION(S) LENGTH OF COMPLEX
NAME, AGE AND ADDRESS OF HELD WITH TIME PRINCIPAL OCCUPATION(S) OVERSEEN
TRUSTEE FUNDS SERVED DURING PAST 5 YEARS BY TRUSTEE
Richard F. Powers, Trustee + Trustee or Director of other funds in the Fund Complex. 92
III(3)* (57) Advisory Director of Morgan Stanley. Prior to December
1 Parkview Plaza 2002, Chairman, Director, President, Chief Executive
Oakbrook Terrace, IL Officer, Director and Managing Director of Van Kampen
60181 Investments and its investment advisory, distribution and
other subsidiaries. Prior to December 2002, President and
Chief Executive Officer of funds in the Fund Complex.
Prior to May 1998, Executive Vice President and Director
of Marketing of Morgan Stanley Dean Witter & Co. and
Director of Dean Witter Discover & Co. and Dean Witter
Realty. Prior to 1996, Director of Dean Witter Reynolds
Inc.
Wayne W. Whalen(2)* (63) Trustee + Partner in the law firm of Skadden, Arps, Slate, Meagher & 92
333 West Wacker Drive Flom (Illinois), legal counsel to certain funds advised by
Chicago, IL 60606 the Advisers. Trustee, Director or Managing General
Partner of other funds in the Fund Complex.
<Caption>
NAME, AGE AND ADDRESS OF OTHER DIRECTORSHIPS
TRUSTEE HELD BY TRUSTEE
Richard F. Powers,
III(3)* (57)
1 Parkview Plaza
Oakbrook Terrace, IL
60181
Wayne W. Whalen(2)* (63)
333 West Wacker Drive
Chicago, IL 60606
</Table>
- ---------------
(1) Designated as a Class I trustee.
(2) Designated as a Class II trustee.
(3) Designated as a Class III trustee.
+ Each Trustee generally serves a three-year term from the date of election.
Each incumbent Trustee has served as a Trustee of each respective Fund since
the year shown in Annex C. Each of the New Nominees for Independent Trustee is
up for election this year for each Fund with staggered terms so that the new
Trustees are divided into the existing three classes as nearly equal in number
as possible.
* Mr. Powers is an interested person of funds in the Fund Complex and the
Advisers by reason of his former positions with Morgan Stanley or its
affiliates. Mr. Whalen is an interested person of funds in the Fund Complex by
reason of his firm currently serving as legal counsel to such funds in the
Fund Complex.
16
REMUNERATION OF TRUSTEES
The compensation of Trustees and executive officers that are affiliated
persons (as defined in the 1940 Act) of Advisory Corp., Asset Management or Van
Kampen is paid by the respective entity. The funds in the Closed-End Fund
Complex, including the Funds, pay the non-affiliated Trustees an annual retainer
and meeting fees, plus expenses incurred in connection with such meeting. Funds
in the Closed-End Fund Complex pay an annual Closed-End Fund Complex retainer in
an amount equal to the product of $2,500 multiplied by the number of funds in
the Closed-End Fund Complex, which retainer is then allocated among the funds in
the Closed-End Fund Complex based on the relative net assets of such funds, and
meeting fees of $250 per meeting per fund, plus reimbursement of expenses
incurred in connection with such meeting.
Each fund in the Closed-End Fund Complex (except the Van Kampen Exchange Fund)
provides a deferred compensation plan to its non-affiliated Trustees that allows
such trustees to defer receipt of compensation and earn a return on such
deferred amounts based upon the return of the common shares of the funds in the
Closed-End Fund Complex as more fully described below. Each fund in the
Closed-End Fund Complex (except the Van Kampen Exchange Fund) also provides a
retirement plan to its non-affiliated Trustees that provides non-affiliated
Trustees with compensation after retirement, provided that certain eligibility
requirements are met as more fully described below.
Each non-affiliated Trustee generally can elect to defer receipt of all or a
portion of the compensation earned by such non-affiliated Trustee until
retirement. Amounts deferred are retained by the respective fund and earn a rate
of return determined by reference to the return on the common shares of such
fund or other funds in the Closed-End Fund Complex as selected by the respective
non-affiliated Trustee, with the same economic effect as if such non-affiliated
Trustee had invested in one or more funds in the Closed-End Fund Complex,
including the Funds. To the extent permitted by the 1940 Act, each Fund may
invest in securities of those funds selected by the non-affiliated Trustees in
order to match the deferred compensation obligation. The deferred compensation
plan is not funded and obligations thereunder represent general unsecured claims
against the general assets of the respective Fund.
Each Fund has adopted a retirement plan. Under the retirement plan, a
non-affiliated Trustee who is receiving trustee's compensation from a Fund prior
to such non-affiliated Trustee's retirement, has at least 10 years of service
(including years of service prior to adoption of the retirement plan) for such
Fund and retires at or after attaining the age of 60, is eligible to receive a
retirement benefit equal to $2,500 per year for each of the ten years following
such Trustee's retirement from such Fund. Trustees retiring prior to the age of
60 or with fewer than 10 years but more than 5 years of service may receive
reduced retirement benefits from a Fund.
17
Each Trustee has served as a member of each Fund's Board of Trustees since the
year of such Trustee's appointment or election as set forth on Annex C to this
Proxy Statement.
Additional information regarding compensation and benefits for Trustees is set
forth below. As indicated in the notes accompanying the table, the amounts
relate to either the respective Fund's most recently completed fiscal year end
in 2002 or the Closed-End Fund Complex's most recently completed calendar year
ended December 31, 2002.
COMPENSATION TABLE
<Table>
<Caption>
CLOSED-END FUND COMPLEX
------------------------------------------------
ESTIMATED TOTAL
PENSION OR COMPENSATION
RETIREMENT BEFORE
AGGREGATE BENEFITS ESTIMATED DEFERRAL FROM
COMPENSATION ACCRUED ANNUAL CLOSED-END
FROM EACH AS PART OF BENEFITS UPON FUND
NAME(1) FUND(1)(3) FUND EXPENSES(4) RETIREMENT(5) COMPLEX(6)
------- ------------ ---------------- ------------- -------------
David C. Arch................ (3) $14,694 $90,000 $138,750
Rod Dammeyer................. (3) 26,231 90,000 138,750
Howard J Kerr................ (3) 50,408 90,000 138,750
Theodore A. Myers............ (3) 99,450 86,000 138,750
Richard F. Powers, III(2).... N/A N/A N/A N/A
Hugo F. Sonnenschein......... (3) 26,282 90,000 138,750
Wayne W. Whalen.............. (3) 29,657 90,000 138,750
</Table>
- ---------------
N/A: Not applicable.
(1) Each of the New Nominees for Trustee was not a trustee of any of the Funds
during such Fund's most recently completed fiscal year ended in 2002 and
thus received no compensation from the Funds. Each of the New Nominees for
Independent Trustee currently serves as a trustee of other investment
companies in the Open-End Fund Complex. Each independent trustee is
compensated by an annual retainer and meeting fees for services to the funds
in the Open-End Fund Complex and is also eligible, subject to certain
conditions, to participate in a deferred compensation plan and a retirement
plan offered by the Open-End Fund Complex.
(2) Mr. Powers is an affiliated person of the Advisers and Van Kampen and does
not receive compensation or retirement benefits from the Funds.
(3) The amount of aggregate compensation payable by each Fund for its most
recently completed fiscal year ended in 2002 before deferral by the Trustees
under the deferred compensation plan is shown in Annex D. Certain Trustees
deferred all or a portion of the aggregate compensation payable by each Fund
for its most recently completed fiscal year end in 2002 as shown in Annex E.
The deferred compensation plan is described above the table. Amounts
deferred are retained by the respective Fund and earn a rate of return
determined by reference to either the return on the Common Shares of the
Fund or the common shares of other funds in the Closed-End Fund Complex as
selected by the respective Trustee. To the extent permitted by the 1940 Act,
the Fund may invest in securities of these funds selected by the Trustees in
order to match the deferred compensation obligation. The cumulative deferred
compensation (including earnings accrued thereon for each trustee) for each
Fund as of the end of its most recently completed fiscal year end in 2002 is
shown in Annex F.
(4) The amounts shown in this column represent the sum of the estimated pension
or retirement benefit accruals expected to be accrued by the operating funds
in the
18
Closed-End Fund Complex for their respective fiscal years ended in 2002. The
retirement plan is described above the compensation table.
(5) For each Trustee, the amounts shown in this column represent the sum of the
estimated annual benefits upon retirement payable per year by the current
operating funds in the Closed-End Fund Complex for each year of the 10-year
period commencing in the year of such Trustee's anticipated retirement. Each
Fund is expected to pay benefits of $2,500 per year for each of the 10-year
period commencing in the year of such Trustee's retirement to those Trustees
who retire at or over the age of 60 and with at least ten years of service
to each Fund. The retirement plan is described above the compensation table.
(6) The amounts shown in this column are accumulated from the aggregate
compensation of the 37 operating investment companies in the Closed-End Fund
Complex for the calendar year ended December 31, 2002 before deferral by the
Trustees under the deferred compensation plan. Amounts deferred are retained
by the respective fund and earn a rate of return determined by reference to
either the return on the Common Shares of the Fund or the common shares of
other funds in the Closed-End Fund Complex as selected by the respective
Trustee. To the extent permitted by the 1940 Act, the respective fund may
invest in securities of the funds selected by the Trustees in order to match
the deferred compensation obligation. The Advisers or their affiliates also
serve as investment adviser for funds in the Open-End Fund Complex; however,
with the exception of Messrs. Whalen and Powers, the Trustees are not
trustees of such funds. Combining the Closed-End Fund Complex with the
Open-End Fund Complex, Mr. Whalen earned total compensation of $245,750 for
the year ended December 31, 2002.
MEETINGS AND COMMITTEES
During the fiscal year ended December 31, 2002, the Board of Trustees of VIN
held nine meetings and the Board of Trustees of VLT and VIT each held ten
meetings. During the last fiscal year, each of the Trustees of such Funds during
the period such Trustee served as a Trustee attended at least 75% of the
meetings of the respective Board of Trustees and all committee meetings thereof
of which such Trustee was a member. During the fiscal year ended December 31,
2002, the Board of Trustees of such Funds had no standing committees with the
exception of an audit committee which held two meetings.
During the fiscal year ended October 31, 2002, the Board of Trustees of VIG,
VKV, VCV, VMV, VNV, VOV, VPV, VKS, VOT, VKI, VGM, VIM, VIC, VTF, VTJ, VTN, VTP,
VMO, VKA, VAP, VKL, VKQ, VQC, VFM, VOQ, VNM and VPQ each held nine meetings.
During the last fiscal year, each of the Trustees of such Funds during the
period such Trustee served as a Trustee attended at least 75% of the meetings of
the respective Board of Trustees and all committee meetings thereof of which
such Trustee was a member. During the fiscal year ended October 31, 2002, the
Board of Trustees of such Funds had no standing committees with the exception of
an audit committee which held two meetings.
During the fiscal year ended June 30, 2002, the Board of Trustees of VBF, VMT
and VKC each held ten meetings. During the last fiscal year, each of the
Trustees of such Funds during the period such Trustee served as a Trustee
attended at least 75% of the meetings of the respective Board of Trustees and
all committee meetings thereof of which such Trustee was a member. During the
fiscal year ended June 30,
19
2002, the Board of Trustees of such Funds had no standing committees with the
exception of an audit committee which held two meetings.
Each Fund has an audit committee. The Board of Trustees of each Fund has
adopted a formal written charter for the audit committee which sets forth the
audit committee's responsibilities. In accordance with proxy rules promulgated
by the Securities and Exchange Commission (the "SEC"), a fund's audit committee
charter is required to be filed at least once every three years as an exhibit to
a fund's proxy statement. The audit committee charter for each of the Funds was
filed as Exhibit H to the Funds' 2001 Proxy Statement. The audit committee of
each Fund has reviewed and discussed the financial statements of each Fund with
management as well as with Deloitte & Touche LLP, the independent auditors of
each Fund, and discussed with Deloitte & Touche LLP the matters required to be
discussed under the Statement of Auditing Standards No. 61. The audit committee
has received the written disclosures and the letter from Deloitte & Touche LLP
required under Independence Standard Board No. 1 and has discussed with the
independent auditors their independence. Based on this review, the audit
committee recommended to the Board of Trustees of each Fund that each Fund's
audited financial statements be included in each Fund's annual report to
shareholders for the most recent fiscal year for filing with the SEC. The audit
committee currently consists of Messrs. Arch, Dammeyer, Kerr, Myers and
Sonnenschein. Each committee member is "independent" as defined by either the
New York Stock Exchange or American Stock Exchange listing standard applicable
to the respective Fund.
Each Fund has a retirement plan committee which currently consists of Messrs.
Arch, Dammeyer and Sonnenschein. The retirement plan committee is responsible
for reviewing the terms of each Fund's retirement plan and reviews any
administrative matters with respect thereto. The retirement plan committee does
not meet on a regular basis and had no meetings during each Fund's last fiscal
year, but does meet on an ad hoc basis as necessary to administer the retirement
plan.
SHAREHOLDER APPROVAL
With respect to Proposal 1(a) through (e), the holders of Common Shares and,
where applicable, the holders of Preferred Shares, each voting as a separate
class, will vote on the respective nominees designated to be elected by such
class of Shares. The affirmative vote of a plurality of the Common Shares of
each Fund present at the Meeting in person or by proxy is required to elect each
nominee for Trustee designated to be elected by the Common Shares, and, where
applicable, the affirmative vote of a plurality of the Preferred Shares of each
Fund present at the Meeting in person or by proxy is required to elect each
nominee for Trustee designated to be elected by the Preferred Shares. THE BOARD
OF TRUSTEES RECOMMENDS A VOTE "FOR ALL" OF THE NOMINEES.
20
PROPOSAL 2: AMENDMENT TO THE DECLARATION OF TRUST
Shareholders are being asked to approve an amendment to the declaration of
trust of each Fund, except VBF and VIN, to increase the authorized number of
board members. Each of the Funds is organized as a trust pursuant to a
declaration of trust. Each of the other Van Kampen-related funds is organized as
a trust (or as a series of a trust) under a declaration of trust, as a
corporation (or series of a corporation) under articles of incorporation or as a
limited partnership under a partnership agreement. Several of these various
organizational documents for Van Kampen-related funds specify a different
maximum authorized number of board members (i.e., trustees, directors or
managing general partners, as the case may be), and these different
organizational documents have different amendment provisions. These differences
primarily reflect the fact that the various Van Kampen-related funds were
created at different times and that some Van Kampen-related funds were
historically from different fund complexes.
As another element of the proposed board combination process described herein,
the Trustees of each of the Funds, except VBF and VIN, are also asking
shareholders to approve a related amendment to the declaration of trust of each
Fund, except VBF and VIN, to increase the maximum authorized number of board
members to 15. VBF and VIN are excluded from this Proposal 2 because each of
their respective organizational documents already specifies the maximum
authorized number of board members as 15. In an effort to achieve consistency
among these board membership provisions across the Van Kampen-related funds and
to provide more flexibility in the board combination process, shareholders of
each Fund, except VBF and VIN, are being asked to amend each such Fund's
declaration of trust. If Proposal 2 is approved by shareholders, the Trustees of
each Fund may expand the Board beyond the 11 trustees proposed for election in
the preceding Proposal 1 (but not to more than 15 members) and appoint new board
members from other Van Kampen-related funds consistent with the board
combination process described herein.
SHAREHOLDER APPROVAL
With respect to Proposal 2, the holders of Common Shares and Preferred Shares
will vote as separate classes to amend the respective declaration of trust of
each Fund, except VBF and VIN, to increase the authorized number of board
members. The affirmative vote of a "majority of the outstanding voting
securities" of a Fund, which is defined under the 1940 Act as the lesser of (i)
67% or more of the voting securities of the Fund present in person or by proxy
at the Meeting, if the holders of more than 50% of the outstanding voting
securities of the Fund are present in person or by proxy at the Meeting or (ii)
more than 50% of the outstanding voting securities of the Fund, is required to
amend a Fund's declaration of trust. THE BOARD OF TRUSTEES RECOMMENDS A VOTE
"FOR" THE PROPOSED AMENDMENT TO THE DECLARATION OF TRUST OF EACH FUND (EXCEPT
VBF AND VIN).
21
OTHER INFORMATION
EXECUTIVE OFFICERS OF THE FUNDS
The following information relates to the executive officers of the Funds who
are not Trustee nominees. Each officer also serves in the same capacity for all
or a number of the other investment companies advised by the Advisers or
affiliates of the Advisers. The officers of the Funds are appointed annually by
the Trustees and serve for one year or until their respective successors are
chosen and qualified. The Funds' officers receive no compensation from the Funds
but may also be officers of the Advisers or officers of affiliates of the
Advisers and receive compensation in such capacities.
<Table>
<Caption>
TERM OF
OFFICE AND
POSITION(S) LENGTH OF
NAME, AGE AND HELD WITH TIME PRINCIPAL OCCUPATION(S)
ADDRESS OF OFFICER FUNDS SERVED DURING PAST 5 YEARS
Mitchell Merin (49) President and Officer President and Chief Executive Officer of funds in the Fund
1221 Avenue of the Americas Chief Executive since 2002 Complex since November 2002. Trustee/Director of certain
New York, NY 10020 Officer funds in the Fund Complex since 1999. Chairman, President,
Chief Executive Officer and Director of the Advisers and VK
Advisors Inc. since December 2002. Chairman, President and
Chief Executive Officer of Van Kampen since December 2002.
Director of Van Kampen since December 1999. Chairman and
Chief Executive Officer and Director of Van Kampen Funds
Inc. since December 2002. President and Chief Operating
Officer of Morgan Stanley Investment Management since
December 1998. President and Director since April 1997 and
Chief Executive Officer since June 1998 of Morgan Stanley
Investment Advisors Inc. and Morgan Stanley Services Company
Inc. Chairman, Chief Executive Officer and Director of
Morgan Stanley Distributors Inc. since June 1998. Chairman
since June 1998, and Director since January 1998 of Morgan
Stanley Trust. Director of various Morgan Stanley
subsidiaries and President of the Morgan Stanley Funds since
May 1999. Chief Strategic Officer of Morgan Stanley
Investment Advisors Inc. and Morgan Stanley Services Company
Inc. and Executive Vice President of Morgan Stanley
Distributors Inc. from April 1997 to June 1998. Vice
President of the Morgan Stanley Funds from May 1997 to April
1999. Executive Vice President of Dean Witter, Discover &
Co. prior to May 1997.
</Table>
22
<Table>
<Caption>
TERM OF
OFFICE AND
POSITION(S) LENGTH OF
NAME, AGE AND HELD WITH TIME PRINCIPAL OCCUPATION(S)
ADDRESS OF OFFICER FUNDS SERVED DURING PAST 5 YEARS
Stephen L. Boyd (62) Vice President Officer Managing Director of Global Research Investment Management.
2800 Post Oak Blvd. since 1998 Vice President of funds in the Fund Complex. Prior to
45th Floor December 2002, Chief Investment Officer of Van Kampen and
Houston, TX 77056 President and Chief Operations Officer of the Advisers and
Van Kampen Advisors Inc. Prior to May 2002, Executive Vice
President and Chief Investment Officer of funds in the Fund
Complex. Prior to May 2001, Managing Director of Van Kampen,
the Advisers and Van Kampen Advisors Inc. Prior to December
2000, Executive Vice President and Chief Investment Officer
of Van Kampen, and President and Chief Operating Officer of
the Advisers. Prior to April 2000, Executive Vice President
and Chief Investment Officer for Equity Investments of the
Advisers. Prior to October 1998, Vice President and Senior
Portfolio Manager with AIM Capital Management, Inc. Prior to
February 1998, Senior Vice President and Portfolio Manager
of Van Kampen American Capital Asset Management, Inc., Van
Kampen American Capital Investment Advisory Corp. and Van
Kampen American Capital Management, Inc.
Joseph J. McAlinden (60) Executive Vice Officer Managing Director and Chief Investment Officer of Morgan
1221 Avenue of the Americas President and since 2002 Stanley Investment Advisors Inc., Morgan Stanley Investment
New York, NY 10020 Chief Investment Management Inc. and Morgan Stanley Investments LP and
Officer Director of Morgan Stanley Trust for over 5 years. Executive
Vice President and Chief Investment Officer of funds in the
Fund Complex. Managing Director and Chief Investment Officer
of Van Kampen, the Advisers and Van Kampen Advisors Inc.
since December 2002.
</Table>
23
<Table>
<Caption>
TERM OF
OFFICE AND
POSITION(S) LENGTH OF
NAME, AGE AND HELD WITH TIME PRINCIPAL OCCUPATION(S)
ADDRESS OF OFFICER FUNDS SERVED DURING PAST 5 YEARS
A. Thomas Smith III (46) Vice President and Officer Vice President and Secretary of funds in the Fund Complex
1221 Avenue of the Americas Secretary since 1999 since 1999. Managing Director of Morgan Stanley, Managing
New York, NY 10020 Director and Director of Van Kampen, Director of the
Advisers, Van Kampen Advisors Inc., Van Kampen Funds Inc.,
and certain other subsidiaries of Van Kampen. Managing
Director and General Counsel-Mutual Funds of Morgan Stanley
Investment Advisors, Inc. Vice President and Secretary of
funds in the Fund Complex. Prior to July 2001, Managing
Director, General Counsel, Secretary and Director of Van
Kampen, the Advisers, Van Kampen Funds Inc., Van Kampen
Investor Services Inc. and certain other subsidiaries of Van
Kampen. Prior to December 2000, Executive Vice President,
General Counsel, Secretary and Director of Van Kampen, the
Advisers, Van Kampen Advisors Inc., Van Kampen Funds Inc.,
Van Kampen Investor Services Inc. and certain other
subsidiaries of Van Kampen. Prior to January 1999, Vice
President and Associate General Counsel to New York Life
Insurance Company ("New York Life"), and prior to March
1997, Associate General Counsel of New York Life. Prior to
December 1993, Assistant General Counsel of The Dreyfus
Corporation. Prior to August 1991, Senior Associate, Willkie
Farr & Gallagher. Prior to January 1989, Staff Attorney at
the Securities and Exchange Commission, Division of
Investment Management, Office of Chief Counsel.
</Table>
24
<Table>
<Caption>
TERM OF
OFFICE AND
POSITION(S) LENGTH OF
NAME, AGE AND HELD WITH TIME PRINCIPAL OCCUPATION(S)
ADDRESS OF OFFICER FUNDS SERVED DURING PAST 5 YEARS
John R. Reynoldson (49) Vice President Officer Executive Director and Portfolio Specialist of the Advisers
1 Parkview Plaza since 2000 and Van Kampen Advisors Inc. Vice President of funds in the
Oakbrook Terrace, IL 60181 Fund Complex. Prior to July 2001, Principal and Co-head of
the Fixed Income Department of the Advisers and Van Kampen
Advisors Inc. Prior to December 2000, Senior Vice President
of the Advisers and Van Kampen Advisors Inc. Prior to May
2000, Mr. Reynoldson managed the investment grade taxable
group for the Advisers since July 1999. From July 1988 to
June 1999, Mr. Reynoldson managed the government securities
bond group for Asset Management. Mr. Reynoldson has been
with Asset Management since April 1987.
John L. Sullivan (47) Vice President, Officer Managing Director and Director of Van Kampen, the Advisers
1 Parkview Plaza Chief Financial since 1996 and Van Kampen Advisors Inc. and certain other subsidiaries
Oakbrook Terrace, IL 60181 Officer and of Van Kampen. Vice President, Chief Financial Officer and
Treasurer Treasurer of funds in the Fund Complex. Prior to December
2002, Executive Director of Van Kampen, the Advisers and Van
Kampen Advisors Inc.
</Table>
25
SHAREHOLDER INFORMATION
As of April 25, 2003, to the knowledge of the Funds, no Shareholder owned
beneficially more than 5% of a class of a Fund's outstanding Shares. As of April
25, 2003, certain Trustees and executive officers owned, directly or
beneficially, the number of Common Shares of each Fund as set forth in Annex G.
Except as indicated on Annex G, as of April 25, 2003, the Trustees and executive
officers of the Funds individually and as a group owned less than 1% of the
outstanding Shares of each Fund. Trustees and executive officers who do not own
any Common Shares of the Funds or Funds which are not owned by any Trustee or
executive officers have been omitted from the table in Annex G. As of April 25,
2003, none of the New Nominees for Independent Trustee owned any Common Shares
or Preferred Shares of the Funds, and no incumbent Trustees or executive
officers owned any Preferred Shares of the Funds. As of April 25, 2003, each
Trustee beneficially owned equity securities of the Funds and other funds in the
Closed-End Fund Complex overseen by the Trustees in the dollar range amounts as
specified in Annex H.
SECTION 16(a) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE
Section 30(f) of the 1940 Act and Section 16(a) of the Securities Exchange Act
of 1934, as amended, require each of the Funds' Trustees, officers, investment
adviser, affiliated persons of the investment adviser and persons who own more
than 10% of a registered class of the Fund's equity securities to file forms
with the SEC and the New York Stock Exchange or American Stock Exchange, as
applicable, reporting their affiliation with the Fund and reports of ownership
and changes in ownership of Fund Shares. These persons and entities are required
by SEC regulation to furnish the Fund with copies of all such forms they file.
Based on a review of these forms furnished to each Fund, each Fund believes that
during its last fiscal year, its Trustees, officers, investment adviser and
affiliated persons of the investment adviser complied with the applicable filing
requirements.
INDEPENDENT AUDITORS
The Board of Trustees of each Fund, including a majority of the Trustees who
are not "interested persons" of each Fund (as defined by the 1940 Act), has
selected Deloitte & Touche LLP ("D&T") as the independent auditors to examine
the financial statements for the current fiscal year of each Fund. The selection
of D&T for the current fiscal year was recommended and approved by each Fund's
audit committee and approved by each Fund's Board. Each of the Funds knows of no
direct or indirect financial interest of D&T in such Fund.
26
AUDIT FEES
For professional services rendered with respect to the audit of each Fund's
annual financial statements, each Fund paid to D&T during such Fund's most
recent fiscal year fees in the amounts set forth in Annex I.
FINANCIAL INFORMATION SYSTEMS DESIGN AND IMPLEMENTATION FEES
The Funds, Advisers and affiliates of the Advisers performing services for the
Funds paid no fees during the Funds' most recent fiscal years for information
systems design and implementation to D&T.
ALL OTHER FEES
Each Fund paid fees to D&T in the amounts set forth in Annex I during such
Fund's most recent fiscal year for services other than those described above.
The Advisers and affiliates of the Advisers performing services for the Funds
paid fees to D&T in the aggregate amount of approximately $ million during
the Fund's most recent fiscal years for services other than those described
above.
The audit committee of the Board has considered whether the provision of
services other than audit services by D&T to the Funds, the Advisers and
affiliates of the Advisers that provide services to Funds is compatible with
maintaining D&T's independence in performing audit services.
Representatives of D&T will attend the Meeting, will have the opportunity to
make a statement if they desire to do so and will be available to answer
appropriate questions.
EXPENSES
The expenses of preparing, printing and mailing the enclosed form of proxy,
the accompanying Notice and this Proxy Statement and all other costs, in
connection with the solicitation of proxies will be borne by the Funds. The
total amount of these expenses will be allocated among each of the Funds based
upon the total number of shareholders for each Fund in relation to the total
number of shareholders for all of the Funds participating in the Meeting. The
Funds will also reimburse banks, brokers and others for their reasonable
expenses in forwarding proxy solicitation material to the beneficial owners of
the shares of the Funds. In order to obtain the necessary quorum at the Meeting,
additional solicitation may be made by mail, telephone, telegraph, facsimile or
personal interview by representatives of the Funds, the Advisers or Van Kampen,
the transfer agents of the Funds or by dealers or their representatives or by
ALAMO direct Mail Services, Inc., a solicitation firm located in Hauppauge, New
York that has been engaged to assist in proxy solicitation at an estimated cost
of approximately $1,500 per Fund.
27
SHAREHOLDER PROPOSALS
To be considered for presentation at a shareholders' meeting, rules
promulgated by the SEC generally require that, among other things, a
shareholder's proposal must be received at the offices of the relevant Fund a
reasonable time before a solicitation is made. Shareholder proposals intended to
be presented at the year 2004 Annual Meeting of Shareholders for a Fund pursuant
to Rule 14a-8 under the Exchange Act of 1934, as amended (the "Exchange Act"),
must be received by the Fund at the Fund's principal executive offices by
January , 2004. In order for proposals made outside of Rule 14a-8 under the
Exchange Act to be considered "timely" within the meaning of Rule 14a-4(c) under
the Exchange Act, such proposals must be received by the Fund at the Fund's
principal executive offices not later than April , 2004. Timely submission of
a proposal does not necessarily mean that such proposal will be included. Any
shareholder who wishes to submit a proposal for consideration at a meeting of
such shareholder's Fund should send such proposal to the respective Fund at 1
Parkview Plaza, PO Box 5555, Oakbrook Terrace, Illinois 60181-5555.
GENERAL
Management of each Fund does not intend to present and does not have reason to
believe that others will present any other items of business at the Meeting.
However, if other matters are properly presented to the Meeting for a vote, the
proxies will be voted upon such matters in accordance with the judgment of the
persons acting under the proxies.
A list of shareholders of each Fund entitled to be present and vote at the
Meeting will be available at the offices of the respective Fund, 1 Parkview
Plaza, Oakbrook Terrace, Illinois 60181-5555, for inspection by any shareholder
during regular business hours for ten days prior to the date of the Meeting.
Failure of a quorum to be present at the Meeting for any Fund may necessitate
adjournment and may subject such Fund to additional expense.
IF YOU CANNOT BE PRESENT IN PERSON, YOU ARE REQUESTED TO FILL IN, SIGN AND
RETURN THE ENCLOSED PROXY PROMPTLY. NO POSTAGE IS REQUIRED IF MAILED IN THE
UNITED STATES.
A. THOMAS SMITH III,
Vice President and Secretary
May , 2003
28
ANNEX A
VAN KAMPEN CLOSED-END FUNDS
The following list sets forth the Van Kampen closed-end investment companies
(the "Funds") participating in the Joint Annual Meeting of Shareholders to be
held at the offices of Van Kampen Investments Inc., 1 Parkview Plaza, Oakbrook
Terrace, Illinois 60181-5555 on Tuesday, June 24, 2003, at 3:00 p.m. The name in
the first column below is the legal name for each Fund. The name in the second
column is the abbreviated name of each Fund and the designation in the third
column is the stock symbol of each Fund; the abbreviated name or stock symbol
are sometimes used to identify a specific Fund in the Joint Proxy Statement.
Each of the Funds has issued common shares of beneficial interest and such
common shares of the Funds are referred to herein as the "Common Shares."
Certain Funds have issued preferred shares of beneficial interest with a
liquidation preference per share as designated in the fourth column below, and
such preferred shares of the Funds are referred to herein as the "Preferred
Shares."
<Table>
<Caption>
PREFERRED SHARES
LEGAL NAME ABBREVIATED NAME STOCK SYMBOL OUTSTANDING
---------- ---------------- ------------ ----------------
Van Kampen Municipal Income Municipal Income Trust VMT Rate Adjusted Tax-Exempt
Trust Shares, liquidation
preference $500,000 per
share
Van Kampen California California Municipal VKC Remarketed Preferred Shares,
Municipal Trust Trust liquidation preference
$50,000 per share
Van Kampen Investment Grade Investment Grade VIG Remarketed Preferred Shares,
Municipal Trust Municipal Trust liquidation preference
$100,000 per share
Van Kampen Select Sector Select Sector VKL Remarketed Preferred Shares,
Municipal Trust Municipal Trust liquidation preference
$25,000 per share
Van Kampen Municipal Trust Municipal Trust VKQ Auction Preferred Shares,
liquidation preference
$25,000 per share
Van Kampen California California Quality VQC Auction Preferred Shares,
Quality Municipal Trust Municipal Trust liquidation preference
$25,000 per share
Van Kampen New York Quality New York Quality VNM Auction Preferred Shares,
Municipal Trust Municipal Trust liquidation preference
$25,000 per share
Van Kampen Pennsylvania Pennsylvania Quality VPQ Auction Preferred Shares,
Quality Municipal Trust Municipal Trust liquidation preference
$25,000 per share
Van Kampen Florida Quality Florida Quality VFM Auction Preferred Shares,
Municipal Trust Municipal Trust liquidation preference
$25,000 per share
Van Kampen Ohio Quality Ohio Quality Municipal VOQ Auction Preferred Shares,
Municipal Trust Trust liquidation preference
$25,000 per share
</Table>
A-1
<Table>
<Caption>
PREFERRED SHARES
LEGAL NAME ABBREVIATED NAME STOCK SYMBOL OUTSTANDING
---------- ---------------- ------------ ----------------
Van Kampen Trust for Insured Trust for Insured VIM Auction Preferred Shares,
Municipals Municipals liquidation preference
$25,000 per share
Van Kampen Trust for Trust for Investment VGM Auction Preferred Shares,
Investment Grade Municipals Grade Municipals liquidation preference
$25,000 per share
Van Kampen Trust for Trust for Investment VIC Auction Preferred Shares,
Investment Grade California Grade California liquidation preference
Municipals Municipals $25,000 per share
Van Kampen Trust for Trust for Investment VTN Auction Preferred Shares,
Investment Grade New York Grade New York liquidation preference
Municipals Municipals $25,000 per share
Van Kampen Trust for Trust for Investment VTP Auction Preferred Shares,
Investment Grade Grade Pennsylvania liquidation preference
Pennsylvania Municipals Municipals $25,000 per share
Van Kampen Trust for Trust for Investment VTF Auction Preferred Shares,
Investment Grade Florida Grade Florida liquidation preference
Municipals Municipals $25,000 per share
Van Kampen Trust for Trust for Investment VTJ Auction Preferred Shares,
Investment Grade New Jersey Grade New Jersey liquidation preference
Municipals Municipals $25,000 per share
Van Kampen Municipal Municipal Opportunity VMO Auction Preferred Shares,
Opportunity Trust Trust liquidation preference
$25,000 per share
Van Kampen Advantage Advantage Municipal VKA Auction Preferred Shares,
Municipal Income Trust Income Trust liquidation preference
$25,000 per share
Van Kampen Advantage Advantage Pennsylvania VAP Auction Preferred Shares,
Pennsylvania Municipal Municipal Income liquidation preference
Income Trust Trust $25,000 per share
Van Kampen Ohio Value Ohio Value Municipal VOV Auction Preferred Shares,
Municipal Income Trust Income Trust liquidation preference
$25,000 per share
Van Kampen Massachusetts Massachusetts Value VMV Auction Preferred Shares,
Value Municipal Income Municipal Income liquidation preference
Trust Trust $25,000 per share
Van Kampen Strategic Sector Strategic Sector VKS Auction Preferred Shares,
Municipal Trust Municipal Trust liquidation preference
$25,000 per share
Van Kampen New York Value New York Value VNV Auction Preferred Shares,
Municipal Income Trust Municipal Income liquidation preference
Trust $25,000 per share
Van Kampen California Value California Value VCV Auction Preferred Shares,
Municipal Income Trust Municipal Income liquidation preference
Trust $25,000 per share
Van Kampen Pennsylvania Pennsylvania Value VPV Auction Preferred Shares,
Value Municipal Income Municipal Income liquidation preference
Trust Trust $25,000 per share
</Table>
A-2
<Table>
<Caption>
PREFERRED SHARES
LEGAL NAME ABBREVIATED NAME STOCK SYMBOL OUTSTANDING
---------- ---------------- ------------ ----------------
Van Kampen Value Municipal Value Municipal Income VKV Auction Preferred Shares,
Income Trust Trust liquidation preference
$25,000 per share
Van Kampen Municipal Municipal Opportunity VOT Auction Preferred Shares,
Opportunity Trust II Trust II liquidation preference
$25,000 per share
Van Kampen Advantage Advantage Municipal VKI Auction Preferred Shares,
Municipal Income Trust II Income Trust II liquidation preference
$25,000 per share
Van Kampen High Income High Income Trust II VLT Auction Preferred Shares,
Trust II liquidation preference
$25,000 per share
Van Kampen High High Income Trust VIT Auction Market Preferred
Income Trust Shares, liquidation
preference $100,000 per
share
Van Kampen Bond Fund Bond Fund VBF Not Applicable
Van Kampen Income Trust Income Trust VIN Not Applicable
</Table>
A-3
ANNEX B
VAN KAMPEN CLOSED-END FUNDS
The following list sets forth the number of issued and outstanding Common
Shares and Preferred Shares, where applicable, for each Fund as of April 25,
2002, the Record Date.
<Table>
<Caption>
FUND NAME COMMON SHARES PREFERRED SHARES
--------- ------------- ----------------
Municipal Income Trust 28,684,985 330
California Municipal Trust 3,257,560 400
Investment Grade Municipal Trust 4,839,000 250
Select Sector Municipal Trust 4,682,127 1,360
Municipal Trust 36,365,392 12,000
California Quality Municipal Trust 9,682,997 3,000
New York Quality Municipal Trust 5,655,638 1,800
Pennsylvania Quality Municipal Trust 8,264,411 2,600
Florida Quality Municipal Trust 6,519,397 2,000
Ohio Quality Municipal Trust 4,322,302 1,400
Trust for Insured Municipals 9,773,153 3,600
Trust for Investment Grade Municipals 27,013,149 10,600
Trust for Investment Grade California Municipals 4,666,320 1,800
Trust for Investment Grade New York Municipals 6,203,651 2,400
Trust for Investment Grade Pennsylvania Municipals 7,432,384 2,800
Trust for Investment Grade Florida Municipals 5,562,560 2,240
Trust for Investment Grade New Jersey Municipals 6,103,771 2,600
Municipal Opportunity Trust 15,352,890 6,000
Advantage Municipal Income Trust 19,106,785 7,600
Advantage Pennsylvania Municipal Income Trust 4,368,552 1,600
Ohio Value Municipal Income Trust 1,683,940 600
Massachusetts Value Municipal Income Trust 2,672,508 1,000
Strategic Sector Municipal Trust 10,806,700 3,800
New York Value Municipal Income Trust 4,291,172 1,600
California Value Municipal Income Trust 6,029,844 2,400
Pennsylvania Value Municipal Income Trust 4,472,625 1,800
Value Municipal Income Trust 23,555,115 9,000
Municipal Opportunity Trust II 11,731,272 4,600
Advantage Municipal Income Trust II 8,168,211 3,200
High Income Trust 13,710,760 450
High Income Trust II 8,109,000 1,360
Bond Fund 11,362,465 N/A
Income Trust 15,358,475 N/A
</Table>
B-1
ANNEX C
The table below sets forth the year in which each of the incumbent Trustees
initially was elected or appointed to the Board of Trustees of each Fund.
<Table>
<Caption>
ARCH DAMMEYER KERR MYERS POWERS SONNENSCHEIN WHALEN
---- -------- ---- ----- ------ ------------ ------
Municipal Income Trust (VMT).............................. 1988 1988 1992 1988 1999 1994 1988
California Municipal Trust (VKC).......................... 1988 1988 1992 1988 1999 1994 1988
High Income Trust (VIT)................................... 1988 1988 1992 1988 1999 1994 1988
Investment Grade Municipal Trust (VIG).................... 1989 1989 1992 1989 1999 1994 1989
High Income Trust II (VLT)................................ 1989 1989 1992 1989 1999 1994 1989
California Quality Municipal Trust (VQC).................. 1991 1991 1992 1991 1999 1994 1991
Florida Quality Municipal Trust (VFM)..................... 1991 1991 1992 1991 1999 1994 1991
Municipal Trust (VKQ)..................................... 1991 1991 1992 1991 1999 1994 1991
New York Quality Municipal Trust (VNM).................... 1991 1991 1992 1991 1999 1991 1991
Ohio Quality Municipal Trust (VOQ)........................ 1991 1991 1992 1991 1999 1994 1991
Pennsylvania Quality Municipal Trust (VPQ)................ 1991 1991 1992 1991 1999 1994 1991
Trust for Insured Municipals (VIM)........................ 1991 1991 1992 1991 1999 1994 1991
Trust for Investment Grade Municipals (VGM)............... 1991 1991 1992 1991 1999 1994 1991
Advantage Municipal Income Trust (VKA).................... 1992 1992 1992 1992 1999 1994 1992
Advantage Pennsylvania Municipal Income Trust (VAP)....... 1992 1992 1992 1992 1999 1994 1992
Municipal Opportunity Trust (VMO)......................... 1992 1992 1992 1992 1999 1994 1992
Strategic Sector Municipal Trust (VKS).................... 1992 1992 1992 1992 1999 1994 1992
Trust for Investment Grade California Municipals (VIC).... 1992 1992 1992 1992 1999 1994 1992
Trust for Investment Grade Florida Municipals (VTF)....... 1992 1992 1992 1992 1999 1994 1992
Trust for Investment Grade New Jersey Municipals (VTJ).... 1992 1992 1992 1992 1999 1994 1992
Trust for Investment Grade New York Municipals (VTN)...... 1992 1992 1992 1992 1999 1994 1992
Trust for Investment Grade Pennsylvania Municipals
(VTP).................................................... 1992 1992 1992 1992 1999 1994 1992
Advantage Municipal Income Trust II (VKI)................. 1993 1993 1993 1993 1999 1994 1993
California Value Municipal Income Trust (VCV)............. 1993 1993 1993 1993 1999 1994 1993
Massachusetts Value Municipal Income Trust (VMV).......... 1993 1993 1993 1993 1999 1994 1993
Municipal Opportunity Trust II (VOT)...................... 1993 1993 1993 1993 1999 1994 1993
</Table>
<Table>
C-1
</Table>
ANNEX C -- (CONTINUED)
<Table>
<Caption>
ARCH DAMMEYER KERR MYERS POWERS SONNENSCHEIN WHALEN
---- -------- ---- ----- ------ ------------ ------
New York Value Municipal Income Trust (VNV)............... 1993 1993 1993 1993 1999 1994 1993
Ohio Value Municipal Income Trust (VOV)................... 1993 1993 1993 1993 1999 1994 1993
Pennsylvania Value Municipal Income Trust (VPV)........... 1993 1993 1993 1993 1999 1994 1993
Select Sector Municipal Trust (VKL)....................... 1993 1993 1993 1993 1999 1994 1993
Value Municipal Income Trust (VKV)........................ 1993 1993 1993 1993 1999 1994 1993
Bond Fund (VBF)........................................... 1997 1997 1997 1997 1999 1997 1997
Income Trust (VIN)........................................ 1997 1997 1997 1997 1999 1997 1997
</Table>
<Table>
C-2
</Table>
ANNEX D
2002 AGGREGATE COMPENSATION BEFORE DEFERRAL FROM EACH FUND
<Table>
<Caption>
NAME OF FUND FISCAL YEAR-END ARCH DAMMEYER KERR MYERS SONNENSCHEIN WHALEN
------------ --------------- ---- -------- ---- ----- ------------ ------
Bond Fund......................................... 6/30 $2,750 $2,750 $2,750 $2,750 $2,750 $2,750
California Municipal Trust........................ 6/30 1,607 1,607 1,607 1,607 1,607 1,607
Municipal Income Trust............................ 6/30 4,249 4,249 4,249 4,249 4,249 4,249
Advantage Municipal Income Trust.................. 10/31 4,777 4,777 4,777 4,777 4,777 4,777
Advantage Municipal Income Trust II............... 10/31 2,633 2,633 2,633 2,633 2,633 2,633
Advantage Pennsylvania Municipal Income Trust..... 10/31 2,045 2,045 2,045 2,045 2,045 2,045
California Quality Municipal Trust................ 10/31 2,927 2,927 2,927 2,927 2,927 2,927
California Value Municipal Income Trust........... 10/31 2,370 2,370 2,370 2,370 2,370 2,370
Florida Quality Municipal Trust................... 10/31 2,355 2,355 2,355 2,355 2,355 2,355
Investment Grade Municipal Trust.................. 10/31 1,757 1,757 1,757 1,757 1,757 1,757
Massachusetts Value Municipal Income Trust........ 10/31 1,717 1,717 1,717 1,717 1,717 1,717
Municipal Opportunity Trust....................... 10/31 4,127 4,127 4,127 4,127 4,127 4,127
Municipal Opportunity Trust II.................... 10/31 3,245 3,245 3,245 3,245 3,245 3,245
Municipal Trust................................... 10/31 7,346 7,346 7,346 7,346 7,346 7,346
New York Quality Municipal Trust.................. 10/31 2,237 2,237 2,237 2,237 2,237 2,237
New York Value Municipal Income Trust............. 10/31 2,004 2,004 2,004 2,004 2,004 2,004
Ohio Quality Municipal Trust...................... 10/31 1,991 1,991 1,991 1,991 1,991 1,991
Ohio Value Municipal Income Trust................. 10/31 1,529 1,529 1,529 1,529 1,529 1,529
Pennsylvania Quality Municipal Trust.............. 10/31 2,651 2,651 2,651 2,651 2,651 2,651
Pennsylvania Value Municipal Income Trust......... 10/31 2,059 2,059 2,059 2,059 2,059 2,059
Select Sector Municipal Trust..................... 10/31 1,935 1,935 1,935 1,935 1,935 1,935
Strategic Sector Municipal Trust.................. 10/31 3,005 3,005 3,005 3,005 3,005 3,005
Trust for Insured Municipals...................... 10/31 2,996 2,996 2,996 2,996 2,996 2,996
Trust for Investment Grade California
Municipals....................................... 10/31 2,094 2,094 2,094 2,094 2,094 2,094
Trust for Investment Grade Florida Municipals..... 10/31 2,314 2,314 2,314 2,314 2,314 2,314
Trust for Investment Grade Municipals............. 10/31 6,308 6,308 6,308 6,308 6,308 6,308
Trust for Investment Grade New Jersey
Municipals....................................... 10/31 2,454 2,454 2,454 2,454 2,454 2,454
Trust for Investment Grade New York Municipals.... 10/31 2,411 2,411 2,411 2,411 2,411 2,411
Trust for Investment Grade Pennsylvania
Municipals....................................... 10/31 2,621 2,621 2,621 2,621 2,621 2,621
Value Municipal Income Trust...................... 10/31 5,341 5,341 5,341 5,341 5,341 5,341
High Income Trust................................. 12/31 1,888 1,888 1,888 1,888 1,888 1,888
High Income Trust II.............................. 12/31 1,726 1,726 1,726 1,726 1,726 1,726
Income Trust...................................... 12/31 1,942 1,942 1,942 1,942 1,942 1,942
</Table>
<Table>
D-1
</Table>
ANNEX E
2002 AGGREGATE COMPENSATION DEFERRED FOR EACH FUND
<Table>
<Caption>
NAME OF FUND FISCAL YEAR-END DAMMEYER SONNENSCHEIN WHALEN
------------ --------------- -------- ------------ ------
Bond Fund................................................... 6/30 $2,750 $2,750 $2,750
California Municipal Trust.................................. 6/30 1,607 1,607 1,607
Municipal Income Trust...................................... 6/30 4,249 4,249 4,249
Advantage Municipal Income Trust............................ 10/31 4,777 4,777 4,777
Advantage Municipal Income Trust II......................... 10/31 2,633 2,633 2,633
Advantage Pennsylvania Municipal Income Trust............... 10/31 2,045 2,045 2,045
California Quality Municipal Trust.......................... 10/31 2,927 2,927 2,927
California Value Municipal Income Trust..................... 10/31 2,370 2,370 2,370
Florida Quality Municipal Trust............................. 10/31 2,355 2,355 2,355
Investment Grade Municipal Trust............................ 10/31 1,757 1,757 1,757
Massachusetts Value Municipal Income Trust.................. 10/31 1,717 1,717 1,717
Municipal Opportunity Trust................................. 10/31 4,127 4,127 4,127
Municipal Opportunity Trust II.............................. 10/31 3,245 3,245 3,245
Municipal Trust............................................. 10/31 7,346 7,346 7,346
New York Quality Municipal Trust............................ 10/31 2,237 2,237 2,237
New York Value Municipal Income Trust....................... 10/31 2,004 2,004 2,004
Ohio Quality Municipal Trust................................ 10/31 1,991 1,991 1,991
Ohio Value Municipal Income Trust........................... 10/31 1,529 1,529 1,529
Pennsylvania Quality Municipal Trust........................ 10/31 2,651 2,651 2,651
Pennsylvania Value Municipal Income Trust................... 10/31 2,059 2,059 2,059
Select Sector Municipal Trust............................... 10/31 1,935 1,935 1,935
Strategic Sector Municipal Trust............................ 10/31 3,005 3,005 3,005
Trust for Insured Municipals................................ 10/31 2,996 2,996 2,996
Trust for Investment Grade California Municipals............ 10/31 2,094 2,094 2,094
Trust for Investment Grade Florida Municipals............... 10/31 2,314 2,314 2,314
Trust for Investment Grade Municipals....................... 10/31 6,308 6,308 6,308
Trust for Investment Grade New Jersey Municipals............ 10/31 2,454 2,454 2,454
Trust for Investment Grade New York Municipals.............. 10/31 2,411 2,411 2,411
Trust for Investment Grade Pennsylvania Municipals.......... 10/31 2,621 2,621 2,621
Value Municipal Income Trust................................ 10/31 5,341 5,341 5,341
High Income Trust........................................... 12/31 1,888 1,888 1,888
High Income Trust II........................................ 12/31 1,726 1,726 1,726
Income Trust................................................ 12/31 1,942 1,942 1,942
</Table>
<Table>
E-1
</Table>
ANNEX F
CUMULATIVE COMPENSATION DEFERRED (PLUS INTEREST) FROM EACH FUND
<Table>
<Caption>
NAME OF FUND FISCAL YEAR-END DAMMEYER KERR SONNENSCHEIN WHALEN
------------ --------------- -------- ---- ------------ ------
Bond Fund................................................... 6/30 $11,872 $ 2,060 $12,274 $12,358
California Municipal Trust.................................. 6/30 23,534 20,896 24,501 20,764
Municipal Income Trust...................................... 6/30 33,442 22,297 34,552 30,896
Advantage Municipal Income Trust............................ 10/31 29,111 20,276 32,111 29,360
Advantage Municipal Income Trust II......................... 10/31 22,450 19,305 24,908 22,011
Advantage Pennsylvania Municipal Income Trust............... 10/31 20,673 19,046 22,985 20,049
California Quality Municipal Trust.......................... 10/31 23,414 19,451 25,949 23,074
California Value Municipal Income Trust..................... 10/31 21,634 19,182 24,024 21,108
Florida Quality Municipal Trust............................. 10/31 21,635 19,186 24,025 21,111
Investment Grade Municipal Trust............................ 10/31 19,783 18,923 22,023 19,068
Massachusetts Value Municipal Income Trust.................. 10/31 19,625 18,891 21,851 18,892
Municipal Opportunity Trust................................. 10/31 27,144 19,986 29,983 27,189
Municipal Opportunity Trust II.............................. 10/31 24,374 19,586 26,988 24,133
Municipal Trust............................................. 10/31 37,356 21,561 41,031 38,464
New York Quality Municipal Trust............................ 10/31 21,250 19,129 23,609 20,686
New York Value Municipal Income Trust....................... 10/31 20,519 19,022 22,819 19,879
Ohio Quality Municipal Trust................................ 10/31 20,511 19,024 22,809 19,870
Ohio Value Municipal Income Trust........................... 10/31 19,059 18,814 21,240 18,268
Pennsylvania Quality Municipal Trust........................ 10/31 22,594 19,327 25,062 22,170
Pennsylvania Value Municipal Income Trust................... 10/31 20,682 19,045 22,995 20,059
Select Sector Municipal Trust............................... 10/31 20,311 18,996 22,594 19,650
Strategic Sector Municipal Trust............................ 10/31 23,625 19,476 26,178 23,307
Trust for Insured Municipals................................ 10/31 23,481 19,485 26,040 23,167
Trust for Investment Grade California Municipals............ 10/31 20,817 19,074 23,142 20,210
Trust for Investment Grade Florida Municipals............... 10/31 39,089 37,852 43,453 37,538
Trust for Investment Grade Municipals....................... 10/31 33,131 20,989 36,543 33,886
Trust for Investment Grade New Jersey Municipals............ 10/31 38,771 37,914 43,185 37,271
Trust for Investment Grade New York Municipals.............. 10/31 21,863 19,212 24,267 21,356
Trust for Investment Grade Pennsylvania Municipals.......... 10/31 22,565 19,313 25,024 22,129
Value Municipal Income Trust................................ 10/31 30,846 20,524 33,987 31,275
High Income Trust........................................... 12/31 21,434 19,656 24,275 21,427
High Income Trust II........................................ 12/31 20,755 19,549 23,527 20,659
Income Trust................................................ 12/31 8,282 1,530 9,321 9,549
</Table>
<Table>
F-1
</Table>
ANNEX G
TRUSTEE OWNERSHIP OF COMMON SHARES OF THE FUNDS AS OF APRIL 25, 2003
The table below indicates the number of Common Shares of the respective
Funds listed below owned by each Trustee listed below as of April 25, 2003, and
the percentage of such Trustee's Common Shares to the total Common Shares
outstanding for such Fund is shown in parenthesis when such ownership
individually exceeds 1% of the total Common Shares outstanding.
<Table>
<Caption>
ARCH DAMMEYER SONNENSCHEIN WHALEN
---- -------- MYERS ------------ ------
Advantage Municipal Income Trust................... 300 184,815 -- 300 778
Advantage Municipal Income Trust II(1)............. 500 171,730(2.10%) -- 350 500
High Income Trust(2)............................... 676 147,727(1.08%) -- -- 22,510
High Income Trust II............................... 550 -- 153 -- 499
Investment Grade Municipal Trust................... 524 20,470 -- -- 780
Municipal Income Trust............................. 577 23,117 100 -- 789
Municipal Opportunity Trust........................ 300 11,176 -- -- 809
Municipal Opportunity Trust II(3).................. -- 135,328(1.15%) -- 350 500
Municipal Trust.................................... 800 85,551 20,900 -- 799
Select Sector Municipal Trust...................... 508 30,306 -- 350 500
Strategic Sector Municipal Trust................... 500 105,674 -- -- --
Trust for Insured Municipal........................ 300 9,000 -- -- 830
Trust for Investment Grade Municipals.............. 300 68,304 -- -- 822
Value Municipal Income Trust....................... -- 83,105 -- -- --
</Table>
- ---------------
(1) The Trustees as a group own 2.12% of the total Common Shares outstanding of
Advantage Municipal Income Trust II
(2) The Trustees as a group own 1.25% of the total Common Shares outstanding of
High Income Trust
(3) The Trustees as a group own 1.16% of the total Common Shares outstanding of
Municipal Opportunity Trust II
G-1
ANNEX H
TRUSTEE BENEFICIAL OWNERSHIP OF SECURITIES
The table below indicates the aggregate dollar range of equity securities of
the respective Funds listed below owned by each Trustee listed below as of April
25, 2003.
<Table>
<Caption>
INDEPENDENT TRUSTEES
--------------------------------------------------------------------------
ARCH DAMMEYER KERR MYERS SONNENSCHEIN
---- -------- ---- ----- ------------
Advantage Municipal Income Trust............... $1-$10,000 over $100,000 -- -- $1-$10,000
Advantage Municipal Income Trust II............ $1-$10,000 over $100,000 -- -- $1-$10,000
High Income Trust.............................. $1-$10,000 over $100,000 -- -- --
High Income Trust II........................... $1-$10,000 -- -- $1-$10,000 --
Investment Grade Municipal Trust............... $1-$10,000 over $100,000 -- -- --
Municipal Income Trust......................... $1-$10,000 over $100,000 -- $1-$10,000 --
Municipal Opportunity Trust.................... $1-$10,000 over $100,000 -- -- --
Municipal Opportunity Trust II................. -- over $100,000 -- -- $1-$10,000
Municipal Trust................................ $10,001-$50,000 over $100,000 -- over $100,000 --
Select Sector Municipal Trust.................. $1-$10,000 over $100,000 -- -- $1-$10,000
Strategic Sector Municipal Trust............... $1-$10,000 over $100,000 -- -- --
Trust for Insured Municipal.................... $1-$10,000 over $100,000 -- -- --
Trust for Investment Grade Municipals.......... $1-$10,000 over $100,000 -- -- --
Value Municipal Income Trust................... -- over $100,000 -- -- --
Aggregate Dollar Range of Equity Securities in
all Registered Investment Companies Overseen
by Trustee in the Closed-End Fund Complex..... $50,001-$100,000 over $100,000 -- over $100,000 $10,001-$50,000
<Caption>
INTERESTED TRUSTEES
-------------------------
POWERS WHALEN
------ ------
Advantage Municipal Income Trust............... -- $10,001-$50,000
Advantage Municipal Income Trust II............ -- $1-$10,000
High Income Trust.............................. -- $50,001-$100,000
High Income Trust II........................... -- $1-$10,000
Investment Grade Municipal Trust............... -- $1-$10,000
Municipal Income Trust......................... -- $1-$10,000
Municipal Opportunity Trust.................... -- $10,001-$50,000
Municipal Opportunity Trust II................. -- $1-$10,000
Municipal Trust................................ -- $10,001-$50,000
Select Sector Municipal Trust.................. -- $1-$10,000
Strategic Sector Municipal Trust............... -- --
Trust for Insured Municipal.................... -- $10,000-$50,000
Trust for Investment Grade Municipals.......... -- $10,000-$50,000
Value Municipal Income Trust................... -- --
Aggregate Dollar Range of Equity Securities in
all Registered Investment Companies Overseen
by Trustee in the Closed-End Fund Complex..... -- over $100,000
</Table>
H-1
ANNEX I
VAN KAMPEN CLOSED-END FUNDS
The following list sets forth the amounts of audit fees and all other fees
paid by each Fund during the Fund's last fiscal years to D&T.
<Table>
<Caption>
ALL OTHER
FUND NAME AUDIT FEES FEES*
--------- ---------- ---------
Van Kampen Advantage Municipal Income Trust $25,000 $4,300
Van Kampen Advantage Municipal Income Trust II 20,000 4,300
Van Kampen Advantage Pennsylvania Municipal Income Trust 20,000 4,300
Van Kampen Bond Fund 23,750 1,500
Van Kampen California Municipal Trust 19,200 4,300
Van Kampen California Quality Municipal Trust 25,000 4,300
Van Kampen California Value Municipal Income Trust 20,000 4,300
Van Kampen Florida Quality Municipal Trust 20,000 4,300
Van Kampen High Income Trust 35,000 4,300
Van Kampen High Income Trust II 35,000 4,300
Van Kampen Income Trust 20,500 1,500
Van Kampen Investment Grade Municipal Trust 20,000 4,300
Van Kampen Massachusetts Value Municipal Income Trust 20,000 4,300
Van Kampen Municipal Income Trust 25,000 4,300
Van Kampen Municipal Opportunity Trust 25,000 4,300
Van Kampen Municipal Opportunity Trust II 25,000 4,300
Van Kampen Municipal Trust 25,000 4,300
Van Kampen New York Quality Municipal Trust 20,000 4,300
Van Kampen New York Value Municipal Income Trust 20,000 4,300
Van Kampen Ohio Quality Municipal Trust 20,000 4,300
Van Kampen Ohio Value Municipal Income Trust 20,000 4,300
Van Kampen Pennsylvania Quality Municipal Trust 20,000 4,300
Van Kampen Pennsylvania Value Municipal Income Trust 20,000 4,300
Van Kampen Select Sector Municipal Trust 20,000 4,300
Van Kampen Strategic Sector Municipal Trust 23,600 4,300
Van Kampen Trust for Insured Municipals 25,000 4,300
Van Kampen Trust for Investment Grade California Municipals 20,000 4,300
Van Kampen Trust for Investment Grade Florida Municipals 20,000 4,300
Van Kampen Trust for Investment Grade Municipals 25,000 4,300
Van Kampen Trust for Investment Grade New Jersey Municipals 20,000 4,300
Van Kampen Trust for Investment Grade New York Municipals 20,000 4,300
Van Kampen Trust for Investment Grade Pennsylvania 20,000 4,300
Municipals
Van Kampen Value Municipal Income Trust 25,000 4,300
</Table>
* "All Other Fees" include tax review fees and agreed upon procedures quarterly
for leveraged closed-end funds fees.
I-1
[VAN KAMPEN INVESTMENTS LOGO]
VKCL 03
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE FORM OF PROXY
VAN KAMPEN HIGH INCOME TRUST
JOINT ANNUAL MEETING OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Common Shares of VAN KAMPEN HIGH INCOME
TRUST, a Massachusetts business trust (the "Fund"), hereby
appoints A. Thomas Smith III, John L. Sullivan, Lou Anne McInnis
and Elizabeth A. Nelson and each of them or their respective
designees, with full power of substitution and revocation, as
proxies to represent the undersigned at the Joint Annual Meeting
of Shareholders to be held at the offices of Van Kampen Inc., 1
Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555, on
Tuesday, June 24, 2003 at 3:00 p.m., and any and all adjournments
thereof (the "Meeting"), and thereat to vote all Common Shares
which the undersigned would be entitled to vote, with all powers
the undersigned would possess if personally present, in
accordance with the following instructions.
Account No. No. of Shares Class of Shares Proxy No.
<Table>
FOR ALL
1(b). Authority to vote for the election as Class I Trustees, the FOR WITHHOLD EXCEPT
nominees named below: [ ] [ ] [ ]
Jerry D. Choate and Suzanne H. Woolsey
Authority to vote for the election as Class II Trustees, the
nominees named below:
Linda Hutton Heagy and Wayne W. Whalen
Authority to vote for the election as a Class III Trustee,
the nominee named below:
R. Craig Kennedy
TO WITHHOLD AUTHORITY FOR ANY INDIVIDUAL NOMINEE, CHECK "FOR
ALL EXCEPT" AND WRITE THE NOMINEE'S NAME ON THE LINE BELOW.
------------------------------------------------------------
FOR AGAINST ABSTAIN
2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ]
Trust.
3. To transact such other business as may properly come before
the Meeting.
</Table>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE
HELD ON JUNE 24, 2003.
Date , 2003
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder must
sign.
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE FORM OF PROXY
VAN KAMPEN HIGH INCOME TRUST
JOINT ANNUAL MEETING OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Preferred Shares of VAN KAMPEN HIGH
INCOME TRUST, a Massachusetts business trust (the "Fund"), hereby
appoints A. Thomas Smith III, John L. Sullivan, Lou Anne McInnis
and Elizabeth A. Nelson and each of them or their respective
designees, with full power of substitution and revocation, as
proxies to represent the undersigned at the Joint Annual Meeting
of Shareholders to be held at the offices of Van Kampen Inc., 1
Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555, on
Tuesday, June 24, 2003 at 3:00 p.m., and any and all adjournments
thereof (the "Meeting"), and thereat to vote all Preferred Shares
which the undersigned would be entitled to vote, with all powers
the undersigned would possess if personally present, in
accordance with the following instructions.
Account No. No. of Shares Class of Shares Proxy No.
<Table>
1(b). Authority to vote for the election as a Class II Trustee, FOR WITHHOLD
the nominee named below: [ ] [ ]
Rod Dammeyer
FOR AGAINST ABSTAIN
2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ]
Trust.
3. To transact such other business as may properly come before
the Meeting.
</Table>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE
HELD ON JUNE 24, 2003.
Date , 2003
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder must
sign.
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE FORM OF PROXY
VAN KAMPEN HIGH INCOME TRUST II
JOINT ANNUAL MEETING OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Common Shares of VAN KAMPEN HIGH INCOME
TRUST II, a Massachusetts business trust (the "Fund"), hereby
appoints A. Thomas Smith III, John L. Sullivan, Lou Anne McInnis
and Elizabeth A. Nelson and each of them or their respective
designees, with full power of substitution and revocation, as
proxies to represent the undersigned at the Joint Annual Meeting
of Shareholders to be held at the offices of Van Kampen Inc., 1
Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555, on
Tuesday, June 24, 2003 at 3:00 p.m., and any and all adjournments
thereof (the "Meeting"), and thereat to vote all Common Shares
which the undersigned would be entitled to vote, with all powers
the undersigned would possess if personally present, in
accordance with the following instructions.
Account No. No. of Shares Class of Shares Proxy No.
<Table>
FOR ALL
1(b). Authority to vote for the election as Class I Trustees, the FOR WITHHOLD EXCEPT
nominees named below: [ ] [ ] [ ]
Jerry D. Choate and Suzanne H. Woolsey
Authority to vote for the election as Class II Trustees, the
nominees named below:
Linda Hutton Heagy and Wayne W. Whalen
Authority to vote for the election as a Class III Trustee,
the nominee named below:
R. Craig Kennedy
TO WITHHOLD AUTHORITY FOR ANY INDIVIDUAL NOMINEE, CHECK "FOR
ALL EXCEPT" AND WRITE THE NOMINEE'S NAME ON THE LINE BELOW.
------------------------------------------------------------
FOR AGAINST ABSTAIN
2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ]
Trust.
3. To transact such other business as may properly come before
the Meeting.
</Table>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE
HELD ON JUNE 24, 2003.
Date , 2003
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder must
sign.
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE FORM OF PROXY
VAN KAMPEN HIGH INCOME TRUST II
JOINT ANNUAL MEETING OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Preferred Shares of VAN KAMPEN HIGH
INCOME TRUST II, a Massachusetts business trust (the "Fund"),
hereby appoints A. Thomas Smith III, John L. Sullivan, Lou Anne
McInnis and Elizabeth A. Nelson and each of them or their
respective designees, with full power of substitution and
revocation, as proxies to represent the undersigned at the Joint
Annual Meeting of Shareholders to be held at the offices of Van
Kampen Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois
60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and
all adjournments thereof (the "Meeting"), and thereat to vote all
Preferred Shares which the undersigned would be entitled to vote,
with all powers the undersigned would possess if personally
present, in accordance with the following instructions.
Account No. No. of Shares Class of Shares Proxy No.
<Table>
1(b). Authority to vote for the election as a Class II Trustee, FOR WITHHOLD
the nominee named below: [ ] [ ]
Rod Dammeyer
FOR AGAINST ABSTAIN
2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ]
Trust.
3. To transact such other business as may properly come before
the Meeting.
</Table>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE
HELD ON JUNE 24, 2003.
Date , 2003
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder must
sign.
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE FORM OF PROXY
VAN KAMPEN MUNICIPAL TRUST
JOINT ANNUAL MEETING OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Common Shares of VAN KAMPEN MUNICIPAL
TRUST, a Massachusetts business trust (the "Fund"), hereby
appoints A. Thomas Smith III, John L. Sullivan, Lou Anne McInnis
and Elizabeth A. Nelson and each of them or their respective
designees, with full power of substitution and revocation, as
proxies to represent the undersigned at the Joint Annual Meeting
of Shareholders to be held at the offices of Van Kampen Inc., 1
Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555, on
Tuesday, June 24, 2003 at 3:00 p.m., and any and all adjournments
thereof (the "Meeting"), and thereat to vote all Common Shares
which the undersigned would be entitled to vote, with all powers
the undersigned would possess if personally present, in
accordance with the following instructions.
Account No. No. of Shares Class of Shares Proxy No.
<Table>
FOR ALL
1(b). Authority to vote for the election as Class I Trustees, the FOR WITHHOLD EXCEPT
nominees named below: [ ] [ ] [ ]
Jerry D. Choate and Suzanne H. Woolsey
Authority to vote for the election as Class II Trustees, the
nominees named below:
Linda Hutton Heagy and Wayne W. Whalen
Authority to vote for the election as a Class III Trustee,
the nominee named below:
R. Craig Kennedy
TO WITHHOLD AUTHORITY FOR ANY INDIVIDUAL NOMINEE, CHECK "FOR
ALL EXCEPT" AND WRITE THE NOMINEE'S NAME ON THE LINE BELOW.
------------------------------------------------------------
FOR AGAINST ABSTAIN
2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ]
Trust.
3. To transact such other business as may properly come before
the Meeting.
</Table>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE
HELD ON JUNE 24, 2003.
Date , 2003
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder must
sign.
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE FORM OF PROXY
VAN KAMPEN MUNICIPAL TRUST
JOINT ANNUAL MEETING OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Preferred Shares of VAN KAMPEN
MUNICIPAL TRUST, a Massachusetts business trust (the "Fund"),
hereby appoints A. Thomas Smith III, John L. Sullivan, Lou Anne
McInnis and Elizabeth A. Nelson and each of them or their
respective designees, with full power of substitution and
revocation, as proxies to represent the undersigned at the Joint
Annual Meeting of Shareholders to be held at the offices of Van
Kampen Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois
60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and
all adjournments thereof (the "Meeting"), and thereat to vote all
Preferred Shares which the undersigned would be entitled to vote,
with all powers the undersigned would possess if personally
present, in accordance with the following instructions.
Account No. No. of Shares Class of Shares Proxy No.
<Table>
1(b). Authority to vote for the election as a Class II Trustee, FOR WITHHOLD
the nominee named below: [ ] [ ]
Rod Dammeyer
FOR AGAINST ABSTAIN
2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ]
Trust.
3. To transact such other business as may properly come before
the Meeting.
</Table>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE
HELD ON JUNE 24, 2003.
Date , 2003
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder must
sign.
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE FORM OF PROXY
VAN KAMPEN MUNICIPAL INCOME TRUST
JOINT ANNUAL MEETING OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Common Shares of VAN KAMPEN MUNICIPAL
INCOME TRUST, a Massachusetts business trust (the "Fund"), hereby
appoints A. Thomas Smith III, John L. Sullivan, Lou Anne McInnis
and Elizabeth A. Nelson and each of them or their respective
designees, with full power of substitution and revocation, as
proxies to represent the undersigned at the Joint Annual Meeting
of Shareholders to be held at the offices of Van Kampen Inc., 1
Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555, on
Tuesday, June 24, 2003 at 3:00 p.m., and any and all adjournments
thereof (the "Meeting"), and thereat to vote all Common Shares
which the undersigned would be entitled to vote, with all powers
the undersigned would possess if personally present, in
accordance with the following instructions.
Account No. No. of Shares Class of Shares Proxy No.
<Table>
FOR ALL
1(b). Authority to vote for the election as Class I Trustees, the FOR WITHHOLD EXCEPT
nominees named below: [ ] [ ] [ ]
Jerry D. Choate and Suzanne H. Woolsey
Authority to vote for the election as Class II Trustees, the
nominees named below:
Linda Hutton Heagy and Wayne W. Whalen
Authority to vote for the election as a Class III Trustee,
the nominee named below:
R. Craig Kennedy
TO WITHHOLD AUTHORITY FOR ANY INDIVIDUAL NOMINEE, CHECK "FOR
ALL EXCEPT" AND WRITE THE NOMINEE'S NAME ON THE LINE BELOW.
------------------------------------------------------------
FOR AGAINST ABSTAIN
2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ]
Trust.
3. To transact such other business as may properly come before
the Meeting.
</Table>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE
HELD ON JUNE 24, 2003.
Date , 2003
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder must
sign.
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE FORM OF PROXY
VAN KAMPEN MUNICIPAL INCOME TRUST
JOINT ANNUAL MEETING OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Preferred Shares of VAN KAMPEN
MUNICIPAL INCOME TRUST, a Massachusetts business trust (the
"Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan,
Lou Anne McInnis and Elizabeth A. Nelson and each of them or
their respective designees, with full power of substitution and
revocation, as proxies to represent the undersigned at the Joint
Annual Meeting of Shareholders to be held at the offices of Van
Kampen Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois
60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and
all adjournments thereof (the "Meeting"), and thereat to vote all
Preferred Shares which the undersigned would be entitled to vote,
with all powers the undersigned would possess if personally
present, in accordance with the following instructions.
Account No. No. of Shares Class of Shares Proxy No.
<Table>
1(b). Authority to vote for the election as a Class II Trustee, FOR WITHHOLD
the nominee named below: [ ] [ ]
Rod Dammeyer
FOR AGAINST ABSTAIN
2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ]
Trust.
3. To transact such other business as may properly come before
the Meeting.
</Table>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE
HELD ON JUNE 24, 2003.
Date , 2003
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder must
sign.
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE FORM OF PROXY
VAN KAMPEN MUNICIPAL OPPORTUNITY TRUST
JOINT ANNUAL MEETING OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Common Shares of VAN KAMPEN MUNICIPAL
OPPORTUNITY TRUST, a Massachusetts business trust (the "Fund"),
hereby appoints A. Thomas Smith III, John L. Sullivan, Lou Anne
McInnis and Elizabeth A. Nelson and each of them or their
respective designees, with full power of substitution and
revocation, as proxies to represent the undersigned at the Joint
Annual Meeting of Shareholders to be held at the offices of Van
Kampen Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois
60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and
all adjournments thereof (the "Meeting"), and thereat to vote all
Common Shares which the undersigned would be entitled to vote,
with all powers the undersigned would possess if personally
present, in accordance with the following instructions.
Account No. No. of Shares Class of Shares Proxy No.
<Table>
FOR ALL
1(b). Authority to vote for the election as Class I Trustees, the FOR WITHHOLD EXCEPT
nominees named below: [ ] [ ] [ ]
Jerry D. Choate and Suzanne H. Woolsey
Authority to vote for the election as Class II Trustees, the
nominees named below:
Linda Hutton Heagy and Wayne W. Whalen
Authority to vote for the election as a Class III Trustee,
the nominee named below:
R. Craig Kennedy
TO WITHHOLD AUTHORITY FOR ANY INDIVIDUAL NOMINEE, CHECK "FOR
ALL EXCEPT" AND WRITE THE NOMINEE'S NAME ON THE LINE BELOW.
------------------------------------------------------------
FOR AGAINST ABSTAIN
2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ]
Trust.
3. To transact such other business as may properly come before
the Meeting.
</Table>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE
HELD ON JUNE 24, 2003.
Date , 2003
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder must
sign.
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE FORM OF PROXY
VAN KAMPEN MUNICIPAL OPPORTUNITY TRUST
JOINT ANNUAL MEETING OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Preferred Shares of VAN KAMPEN
MUNICIPAL OPPORTUNITY TRUST, a Massachusetts business trust (the
"Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan,
Lou Anne McInnis and Elizabeth A. Nelson and each of them or
their respective designees, with full power of substitution and
revocation, as proxies to represent the undersigned at the Joint
Annual Meeting of Shareholders to be held at the offices of Van
Kampen Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois
60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and
all adjournments thereof (the "Meeting"), and thereat to vote all
Preferred Shares which the undersigned would be entitled to vote,
with all powers the undersigned would possess if personally
present, in accordance with the following instructions.
Account No. No. of Shares Class of Shares Proxy No.
<Table>
1(b). Authority to vote for the election as a Class II Trustee,
the nominee named below: FOR WITHHOLD
[ ] [ ]
Rod Dammeyer
FOR AGAINST ABSTAIN
2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ]
Trust.
3. To transact such other business as may properly come before
the Meeting.
</Table>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE
HELD ON JUNE 24, 2003.
Date , 2003
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder must
sign.
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE FORM OF PROXY
VAN KAMPEN CALIFORNIA MUNICIPAL TRUST
JOINT ANNUAL MEETING OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Common Shares of VAN KAMPEN CALIFORNIA
MUNICIPAL TRUST, a Massachusetts business trust (the "Fund"),
hereby appoints A. Thomas Smith III, John L. Sullivan, Lou Anne
McInnis and Elizabeth A. Nelson and each of them or their
respective designees, with full power of substitution and
revocation, as proxies to represent the undersigned at the Joint
Meeting of Shareholders to be held at the offices of Van Kampen
Investments Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois
60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and
all adjournments thereof (the "Meeting"), and thereat to vote all
Common Shares which the undersigned would be entitled to vote,
with all powers the undersigned would possess if personally
present, in accordance with the following instructions.
Account No. No. of Shares Proxy No.
<Table>
FOR ALL
1(b). Authority to vote for the election as Class I Trustees, the FOR WITHHOLD EXCEPT
nominees named below: [ ] [ ] [ ]
Jerry D. Choate and Suzanne H. Woolsey
Authority to vote for the election as Class II Trustees, the
nominees named below:
Linda Hutton Heagy and Wayne W. Whalen
Authority to vote for the election as a Class III Trustee,
the nominee named below:
R. Craig Kennedy
TO WITHHOLD AUTHORITY FOR ANY INDIVIDUAL NOMINEE, CHECK "FOR
ALL EXCEPT" AND WRITE THE NOMINEE'S NAME ON THE LINE BELOW.
------------------------------------------------------------
FOR AGAINST ABSTAIN
2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ]
Trust.
3. To transact such other business as may properly come before
the Meeting.
</Table>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE
HELD ON JUNE 24, 2003.
Date , 2003
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder must
sign.
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE FORM OF PROXY
VAN KAMPEN CALIFORNIA MUNICIPAL TRUST
JOINT ANNUAL MEETING OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Preferred Shares of VAN KAMPEN
CALIFORNIA MUNICIPAL TRUST, a Massachusetts business trust (the
"Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan,
Lou Anne McInnis and Elizabeth A. Nelson and each of them or
their respective designees, with full power of substitution and
revocation, as proxies to represent the undersigned at the Joint
Meeting of Shareholders to be held at the offices of Van Kampen
Investments Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois
60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and
all adjournments thereof (the "Meeting"), and thereat to vote all
Preferred Shares which the undersigned would be entitled to vote,
with all powers the undersigned would possess if personally
present, in accordance with the following instructions.
Account No. No. of Shares Proxy No.
<Table>
1(b). Authority to vote for the election as a Class II Trustee,
the nominee named below: FOR WITHHOLD
[ ] [ ]
Rod Dammeyer
FOR AGAINST ABSTAIN
2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ]
Trust.
3. To transact such other business as may properly come before
the Meeting.
</Table>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE
HELD ON JUNE 24, 2003.
Date , 2003
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder must
sign.
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE FORM OF PROXY
VAN KAMPEN TRUST FOR INVESTMENT GRADE MUNICIPALS
JOINT ANNUAL MEETING OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Common Shares of VAN KAMPEN TRUST FOR
INVESTMENT GRADE MUNICIPALS, a Massachusetts business trust (the
"Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan,
Lou Anne McInnis and Elizabeth A. Nelson and each of them or
their respective designees, with full power of substitution and
revocation, as proxies to represent the undersigned at the Joint
Meeting of Shareholders to be held at the offices of Van Kampen
Investments Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois
60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and
all adjournments thereof (the "Meeting"), and thereat to vote all
Common Shares which the undersigned would be entitled to vote,
with all powers the undersigned would possess if personally
present, in accordance with the following instructions.
Account No. No. of Shares Proxy No.
<Table>
FOR ALL
1(b). Authority to vote for the election as Class I Trustees, the FOR WITHHOLD EXCEPT
nominees named below: [ ] [ ] [ ]
Jerry D. Choate and Suzanne H. Woolsey
Authority to vote for the election as Class II Trustees, the
nominees named below:
Linda Hutton Heagy and Wayne W. Whalen
Authority to vote for the election as a Class III Trustee,
the nominee named below:
R. Craig Kennedy
TO WITHHOLD AUTHORITY FOR ANY INDIVIDUAL NOMINEE, CHECK "FOR
ALL EXCEPT" AND WRITE THE NOMINEE'S NAME ON THE LINE BELOW.
------------------------------------------------------------
FOR AGAINST ABSTAIN
2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ]
Trust.
3. To transact such other business as may properly come before
the Meeting.
</Table>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE
HELD ON JUNE 24, 2003.
Date , 2003
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder must
sign.
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE FORM OF PROXY
VAN KAMPEN TRUST FOR INVESTMENT GRADE MUNICIPALS
JOINT ANNUAL MEETING OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Preferred Shares of VAN KAMPEN TRUST
FOR INVESTMENT GRADE MUNICIPALS, a Massachusetts business trust
(the "Fund"), hereby appoints A. Thomas Smith III, John L.
Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and each of
them or their respective designees, with full power of
substitution and revocation, as proxies to represent the
undersigned at the Joint Meeting of Shareholders to be held at
the offices of Van Kampen Investments Inc., 1 Parkview Plaza,
Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003
at 3:00 p.m., and any and all adjournments thereof (the
"Meeting"), and thereat to vote all Preferred Shares which the
undersigned would be entitled to vote, with all powers the
undersigned would possess if personally present, in accordance
with the following instructions.
Account No. No. of Shares Proxy No.
<Table>
1(b). Authority to vote for the election as a Class II Trustee,
the nominee named below: FOR WITHHOLD
[ ] [ ]
Rod Dammeyer
FOR AGAINST ABSTAIN
2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ]
Trust.
3. To transact such other business as may properly come before
the Meeting.
</Table>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE
HELD ON JUNE 24, 2003.
Date , 2003
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder must
sign.
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE
FORM OF PROXY
VAN KAMPEN TRUST FOR INVESTMENT GRADE NEW JERSEY MUNICIPALS
JOINT ANNUAL MEETING OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Common Shares of VAN KAMPEN TRUST FOR
INVESTMENT GRADE NEW JERSEY MUNICIPALS, a Massachusetts business
trust (the "Fund"), hereby appoints A. Thomas Smith III, John L.
Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and each of
them or their respective designees, with full power of
substitution and revocation, as proxies to represent the
undersigned at the Joint Meeting of Shareholders to be held at
the offices of Van Kampen Investments Inc., 1 Parkview Plaza,
Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003
at 3:00 p.m., and any and all adjournments thereof (the
"Meeting"), and thereat to vote all Common Shares which the
undersigned would be entitled to vote, with all powers the
undersigned would possess if personally present, in accordance
with the following instructions.
Account No. No. of Shares Proxy No.
<Table>
FOR ALL
1(b). Authority to vote for the election as Class I Trustees, the FOR WITHHOLD EXCEPT
nominees named below: [ ] [ ] [ ]
Jerry D. Choate and Suzanne H. Woolsey
Authority to vote for the election as Class II Trustees, the
nominees named below:
Linda Hutton Heagy and Wayne W. Whalen
Authority to vote for the election as a Class III Trustee,
the nominee named below:
R. Craig Kennedy
TO WITHHOLD AUTHORITY FOR ANY INDIVIDUAL NOMINEE, CHECK "FOR
ALL EXCEPT" AND WRITE THE NOMINEE'S NAME ON THE LINE BELOW.
------------------------------------------------------------
FOR AGAINST ABSTAIN
2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ]
Trust.
3. To transact such other business as may properly come before
the Meeting.
</Table>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE
HELD ON JUNE 24, 2003.
Date , 2003
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder must
sign.
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE
FORM OF PROXY
VAN KAMPEN TRUST FOR INVESTMENT GRADE NEW JERSEY MUNICIPALS
JOINT ANNUAL MEETING OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Preferred Shares of VAN KAMPEN TRUST
FOR INVESTMENT GRADE NEW JERSEY MUNICIPALS, a Massachusetts
business trust (the "Fund"), hereby appoints A. Thomas Smith III,
John L. Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and
each of them or their respective designees, with full power of
substitution and revocation, as proxies to represent the
undersigned at the Joint Meeting of Shareholders to be held at
the offices of Van Kampen Investments Inc., 1 Parkview Plaza,
Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003
at 3:00 p.m., and any and all adjournments thereof (the
"Meeting"), and thereat to vote all Preferred Shares which the
undersigned would be entitled to vote, with all powers the
undersigned would possess if personally present, in accordance
with the following instructions.
Account No. No. of Shares Proxy No.
<Table>
1(b). Authority to vote for the election as a Class II Trustee,
the nominee named below: FOR WITHHOLD
[ ] [ ]
Rod Dammeyer
FOR AGAINST ABSTAIN
2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ]
Trust.
3. To transact such other business as may properly come before
the Meeting.
</Table>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE
HELD ON JUNE 24, 2003.
Date , 2003
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder must
sign.
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE FORM OF PROXY
VAN KAMPEN TRUST FOR INSURED MUNICIPALS
JOINT ANNUAL MEETING OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Common Shares of VAN KAMPEN TRUST FOR
INSURED MUNICIPALS, a Massachusetts business trust (the "Fund"),
hereby appoints A. Thomas Smith III, John L. Sullivan, Lou Anne
McInnis and Elizabeth A. Nelson and each of them or their
respective designees, with full power of substitution and
revocation, as proxies to represent the undersigned at the Joint
Annual Meeting of Shareholders to be held at the offices of Van
Kampen Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois
60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and
all adjournments thereof (the "Meeting"), and thereat to vote all
Common Shares which the undersigned would be entitled to vote,
with all powers the undersigned would possess if personally
present, in accordance with the following instructions.
Account No. No. of Shares Class of Shares Proxy No.
<Table>
FOR ALL
1(b). Authority to vote for the election as Class I Trustees, the FOR WITHHOLD EXCEPT
nominees named below: [ ] [ ] [ ]
Jerry D. Choate and Suzanne H. Woolsey
Authority to vote for the election as Class II Trustees, the
nominee named below:
Linda Hutton Heagy and Wayne W. Whalen
Authority to vote for the election as a Class III Trustee,
the nominee named below:
R. Craig Kennedy
TO WITHHOLD AUTHORITY FOR ANY INDIVIDUAL NOMINEE, CHECK "FOR
ALL EXCEPT" AND WRITE THE NOMINEE'S NAME ON THE LINE BELOW.
------------------------------------------------------------
FOR AGAINST ABSTAIN
2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ]
Trust.
3. To transact such other business as may properly come before
the Meeting.
</Table>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE
HELD ON JUNE 24, 2003.
Date , 2003
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder must
sign.
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE FORM OF PROXY
VAN KAMPEN TRUST FOR INSURED MUNICIPALS
JOINT ANNUAL MEETING OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Preferred Shares of VAN KAMPEN TRUST
FOR INSURED MUNICIPALS, a Massachusetts business trust (the
"Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan,
Lou Anne McInnis and Elizabeth A. Nelson and each of them or
their respective designees, with full power of substitution and
revocation, as proxies to represent the undersigned at the Joint
Annual Meeting of Shareholders to be held at the offices of Van
Kampen Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois
60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and
all adjournments thereof (the "Meeting"), and thereat to vote all
Preferred Shares which the undersigned would be entitled to vote,
with all powers the undersigned would possess if personally
present, in accordance with the following instructions.
Account No. No. of Shares Class of Shares Proxy No.
<Table>
1(b). Authority to vote for the election as a Class II Trustee,
the nominee named below: FOR WITHHOLD
[ ] [ ]
Rod Dammeyer
FOR AGAINST ABSTAIN
2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ]
Trust.
3. To transact such other business as may properly come before
the Meeting.
</Table>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE
HELD ON JUNE 24, 2003.
Date , 2003
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder must
sign.
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE FORM OF PROXY
VAN KAMPEN TRUST FOR INVESTMENT GRADE NEW YORK MUNICIPALS
JOINT ANNUAL MEETING OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Common Shares of VAN KAMPEN TRUST FOR
INVESTMENT GRADE NEW YORK MUNICIPALS, a Massachusetts business
trust (the "Fund"), hereby appoints A. Thomas Smith III, John L.
Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and each of
them or their respective designees, with full power of
substitution and revocation, as proxies to represent the
undersigned at the Joint Annual Meeting of Shareholders to be
held at the offices of Van Kampen Inc., 1 Parkview Plaza,
Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003
at 3:00 p.m., and any and all adjournments thereof (the
"Meeting"), and thereat to vote all Common Shares which the
undersigned would be entitled to vote, with all powers the
undersigned would possess if personally present, in accordance
with the following instructions.
Account No. No. of Shares Class of Shares Proxy No.
<Table>
FOR ALL
1(b). Authority to vote for the election as Class I Trustees, the FOR WITHHOLD EXCEPT
nominees named below: [ ] [ ] [ ]
Jerry D. Choate and Suzanne H. Woolsey
Authority to vote for the election as Class II Trustees, the
nominees named below:
Linda Hutton Heagy and Wayne W. Whalen
Authority to vote for the election as a Class III Trustee,
the nominee named below:
R. Craig Kennedy
TO WITHHOLD AUTHORITY FOR ANY INDIVIDUAL NOMINEE, CHECK "FOR
ALL EXCEPT" AND WRITE THE NOMINEE'S NAME ON THE LINE BELOW.
------------------------------------------------------------
FOR AGAINST ABSTAIN
2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ]
Trust.
3. To transact such other business as may properly come before
the Meeting.
</Table>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE
HELD ON JUNE 24, 2003.
Date , 2003
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder must
sign.
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE FORM OF PROXY
VAN KAMPEN TRUST FOR INVESTMENT GRADE NEW YORK MUNICIPALS
JOINT ANNUAL MEETING OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Preferred Shares of VAN KAMPEN TRUST
FOR INVESTMENT GRADE NEW YORK MUNICIPALS, a Massachusetts
business trust (the "Fund"), hereby appoints A. Thomas Smith III,
John L. Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and
each of them or their respective designees, with full power of
substitution and revocation, as proxies to represent the
undersigned at the Joint Annual Meeting of Shareholders to be
held at the offices of Van Kampen Inc., 1 Parkview Plaza,
Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003
at 3:00 p.m., and any and all adjournments thereof (the
"Meeting"), and thereat to vote all Preferred Shares which the
undersigned would be entitled to vote, with all powers the
undersigned would possess if personally present, in accordance
with the following instructions.
Account No. No. of Shares Class of Shares Proxy No.
<Table>
1(b). Authority to vote for the election as a Class II Trustee,
the nominee named below: FOR WITHHOLD
[ ] [ ]
Rod Dammeyer
FOR AGAINST ABSTAIN
2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ]
Trust.
3. To transact such other business as may properly come before
the Meeting.
</Table>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE
HELD ON JUNE 24, 2003.
Date , 2003
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder must
sign.
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE FORM OF PROXY
VAN KAMPEN TRUST FOR INVESTMENT GRADE CALIFORNIA MUNICIPALS
JOINT ANNUAL MEETING OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Common Shares of VAN KAMPEN TRUST FOR
INVESTMENT GRADE CALIFORNIA MUNICIPALS, a Massachusetts business
trust (the "Fund"), hereby appoints A. Thomas Smith III, John L.
Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and each of
them or their respective designees, with full power of
substitution and revocation, as proxies to represent the
undersigned at the Joint Annual Meeting of Shareholders to be
held at the offices of Van Kampen Inc., 1 Parkview Plaza,
Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003
at 3:00 p.m., and any and all adjournments thereof (the
"Meeting"), and thereat to vote all Common Shares which the
undersigned would be entitled to vote, with all powers the
undersigned would possess if personally present, in accordance
with the following instructions.
Account No. No. of Shares Class of Shares Proxy No.
<Table>
FOR ALL
1(b). Authority to vote for the election as Class I Trustees, the FOR WITHHOLD EXCEPT
nominees named below: [ ] [ ] [ ]
Jerry D. Choate and Suzanne H. Woolsey
Authority to vote for the election as Class II Trustees, the
nominees named below:
Linda Hutton Heagy and Wayne W. Whalen
Authority to vote for the election as a Class III Trustee,
the nominee named below:
R. Craig Kennedy
TO WITHHOLD AUTHORITY FOR ANY INDIVIDUAL NOMINEE, CHECK "FOR
ALL EXCEPT" AND WRITE THE NOMINEE'S NAME ON THE LINE BELOW.
------------------------------------------------------------
FOR AGAINST ABSTAIN
2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ]
Trust.
3. To transact such other business as may properly come before
the Meeting.
</Table>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE
HELD ON JUNE 24, 2003.
Date , 2003
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder must
sign.
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE FORM OF PROXY
VAN KAMPEN TRUST FOR INVESTMENT GRADE CALIFORNIA MUNICIPALS
JOINT ANNUAL MEETING OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Preferred Shares of VAN KAMPEN TRUST
FOR INVESTMENT GRADE CALIFORNIA MUNICIPALS, a Massachusetts
business trust (the "Fund"), hereby appoints A. Thomas Smith III,
John L. Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and
each of them or their respective designees, with full power of
substitution and revocation, as proxies to represent the
undersigned at the Joint Annual Meeting of Shareholders to be
held at the offices of Van Kampen Inc., 1 Parkview Plaza,
Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003
at 3:00 p.m., and any and all adjournments thereof (the
"Meeting"), and thereat to vote all Preferred Shares which the
undersigned would be entitled to vote, with all powers the
undersigned would possess if personally present, in accordance
with the following instructions.
Account No. No. of Shares Class of Shares Proxy No.
<Table>
1(b). Authority to vote for the election as a Class II Trustee,
the nominee named below: FOR WITHHOLD
[ ] [ ]
Rod Dammeyer
FOR AGAINST ABSTAIN
2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ]
Trust.
3. To transact such other business as may properly come before
the Meeting.
</Table>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE
HELD ON JUNE 24, 2003.
Date , 2003
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder must
sign.
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE FORM OF PROXY
VAN KAMPEN TRUST FOR INVESTMENT GRADE PENNSYLVANIA MUNICIPALS
JOINT ANNUAL MEETING OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Common Shares of VAN KAMPEN TRUST FOR
INVESTMENT GRADE PENNSYLVANIA MUNICIPALS, a Pennsylvania trust
(the "Fund"), hereby appoints A. Thomas Smith III, John L.
Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and each of
them or their respective designees, with full power of
substitution and revocation, as proxies to represent the
undersigned at the Joint Annual Meeting of Shareholders to be
held at the offices of Van Kampen Inc., 1 Parkview Plaza,
Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003
at 3:00 p.m., and any and all adjournments thereof (the
"Meeting"), and thereat to vote all Common Shares which the
undersigned would be entitled to vote, with all powers the
undersigned would possess if personally present, in accordance
with the following instructions.
Account No. No. of Shares Class of Shares Proxy No.
<Table>
FOR ALL
1(b). Authority to vote for the election as Class I Trustees, the FOR WITHHOLD EXCEPT
nominees named below: [ ] [ ] [ ]
Jerry D. Choate and Suzanne H. Woolsey
Authority to vote for the election as Class II Trustees, the
nominees named below:
Linda Hutton Heagy and Wayne W. Whalen
Authority to vote for the election as a Class III Trustee,
the nominee named below:
R. Craig Kennedy
TO WITHHOLD AUTHORITY FOR ANY INDIVIDUAL NOMINEE, CHECK "FOR
ALL EXCEPT" AND WRITE THE NOMINEE'S NAME ON THE LINE BELOW.
------------------------------------------------------------
FOR AGAINST ABSTAIN
2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ]
Trust.
3. To transact such other business as may properly come before
the Meeting.
</Table>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE
HELD ON JUNE 24, 2003.
Date , 2003
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder must
sign.
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE FORM OF PROXY
VAN KAMPEN TRUST FOR INVESTMENT GRADE PENNSYLVANIA MUNICIPALS
JOINT ANNUAL MEETING OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Preferred Shares of VAN KAMPEN TRUST
FOR INVESTMENT GRADE PENNSYLVANIA MUNICIPALS, a Pennsylvania
trust (the "Fund"), hereby appoints A. Thomas Smith III, John L.
Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and each of
them or their respective designees, with full power of
substitution and revocation, as proxies to represent the
undersigned at the Joint Annual Meeting of Shareholders to be
held at the offices of Van Kampen Inc., 1 Parkview Plaza,
Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003
at 3:00 p.m., and any and all adjournments thereof (the
"Meeting"), and thereat to vote all Preferred Shares which the
undersigned would be entitled to vote, with all powers the
undersigned would possess if personally present, in accordance
with the following instructions.
Account No. No. of Shares Class of Shares Proxy No.
<Table>
1(b). Authority to vote for the election as a Class II Trustee,
the nominee named below: FOR WITHHOLD
[ ] [ ]
Rod Dammeyer
FOR AGAINST ABSTAIN
2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ]
Trust.
3. To transact such other business as may properly come before
the Meeting.
</Table>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE
HELD ON JUNE 24, 2003.
Date , 2003
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder must
sign.
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE FORM OF PROXY
VAN KAMPEN TRUST FOR INVESTMENT GRADE FLORIDA MUNICIPALS
JOINT ANNUAL MEETING OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Common Shares of VAN KAMPEN TRUST FOR
INVESTMENT GRADE FLORIDA MUNICIPALS, a Massachusetts business
trust (the "Fund"), hereby appoints A. Thomas Smith III, John L.
Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and each of
them or their respective designees, with full power of
substitution and revocation, as proxies to represent the
undersigned at the Joint Annual Meeting of Shareholders to be
held at the offices of Van Kampen Inc., 1 Parkview Plaza,
Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003
at 3:00 p.m., and any and all adjournments thereof (the
"Meeting"), and thereat to vote all Common Shares which the
undersigned would be entitled to vote, with all powers the
undersigned would possess if personally present, in accordance
with the following instructions.
Account No. No. of Shares Class of Shares Proxy No.
<Table>
FOR ALL
1(b). Authority to vote for the election as Class I Trustees, the FOR WITHHOLD EXCEPT
nominees named below: [ ] [ ] [ ]
Jerry D. Choate and Suzanne H. Woolsey
Authority to vote for the election as Class II Trustees, the
nominees named below:
Linda Hutton Heagy and Wayne W. Whalen
Authority to vote for the election as a Class III Trustee,
the nominee named below:
R. Craig Kennedy
TO WITHHOLD AUTHORITY FOR ANY INDIVIDUAL NOMINEE, CHECK "FOR
ALL EXCEPT" AND WRITE THE NOMINEE'S NAME ON THE LINE BELOW.
------------------------------------------------------------
FOR AGAINST ABSTAIN
2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ]
Trust.
3. To transact such other business as may properly come before
the Meeting.
</Table>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE
HELD ON JUNE 24, 2003.
Date , 2003
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder must
sign.
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE FORM OF PROXY
VAN KAMPEN TRUST FOR INVESTMENT GRADE FLORIDA MUNICIPALS
JOINT ANNUAL MEETING OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Preferred Shares of VAN KAMPEN TRUST
FOR INVESTMENT GRADE FLORIDA MUNICIPALS, a Massachusetts business
trust (the "Fund"), hereby appoints A. Thomas Smith III, John L.
Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and each of
them or their respective designees, with full power of
substitution and revocation, as proxies to represent the
undersigned at the Joint Annual Meeting of Shareholders to be
held at the offices of Van Kampen Inc., 1 Parkview Plaza,
Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003
at 3:00 p.m., and any and all adjournments thereof (the
"Meeting"), and thereat to vote all Preferred Shares which the
undersigned would be entitled to vote, with all powers the
undersigned would possess if personally present, in accordance
with the following instructions.
Account No. No. of Shares Class of Shares Proxy No.
<Table>
1(b). Authority to vote for the election as a Class II Trustee,
the nominee named below: FOR WITHHOLD
[ ] [ ]
Rod Dammeyer
FOR AGAINST ABSTAIN
2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ]
Trust.
3. To transact such other business as may properly come before
the Meeting.
</Table>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE
HELD ON JUNE 24, 2003.
Date , 2003
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder must
sign.
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE FORM OF PROXY
VAN KAMPEN ADVANTAGE MUNICIPAL INCOME TRUST
JOINT ANNUAL MEETING OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Common Shares of VAN KAMPEN ADVANTAGE
MUNICIPAL INCOME TRUST, a Massachusetts business trust (the
"Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan,
Lou Anne McInnis and Elizabeth A. Nelson and each of them or
their respective designees, with full power of substitution and
revocation, as proxies to represent the undersigned at the Joint
Annual Meeting of Shareholders to be held at the offices of Van
Kampen Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois
60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and
all adjournments thereof (the "Meeting"), and thereat to vote all
Common Shares which the undersigned would be entitled to vote,
with all powers the undersigned would possess if personally
present, in accordance with the following instructions.
Account No. No. of Shares Class of Shares Proxy No.
<Table>
FOR ALL
1(b). Authority to vote for the election as Class I Trustees, the FOR WITHHOLD EXCEPT
nominees named below: [ ] [ ] [ ]
Jerry D. Choate and Suzanne H. Woolsey
Authority to vote for the election as Class II Trustees, the
nominees named below:
Linda Hutton Heagy and Wayne W. Whalen
Authority to vote for the election as a Class III Trustee,
the nominee named below:
R. Craig Kennedy
TO WITHHOLD AUTHORITY FOR ANY INDIVIDUAL NOMINEE, CHECK "FOR
ALL EXCEPT" AND WRITE THE NOMINEE'S NAME ON THE LINE BELOW.
------------------------------------------------------------
FOR AGAINST ABSTAIN
2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ]
Trust.
3. To transact such other business as may properly come before
the Meeting.
</Table>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE
HELD ON JUNE 24, 2003.
Date , 2003
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder must
sign.
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE FORM OF PROXY
VAN KAMPEN ADVANTAGE MUNICIPAL INCOME TRUST
JOINT ANNUAL MEETING OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Preferred Shares of VAN KAMPEN
ADVANTAGE MUNICIPAL INCOME TRUST, a Massachusetts business trust
(the "Fund"), hereby appoints A. Thomas Smith III, John L.
Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and each of
them or their respective designees, with full power of
substitution and revocation, as proxies to represent the
undersigned at the Joint Annual Meeting of Shareholders to be
held at the offices of Van Kampen Inc., 1 Parkview Plaza,
Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003
at 3:00 p.m., and any and all adjournments thereof (the
"Meeting"), and thereat to vote all Preferred Shares which the
undersigned would be entitled to vote, with all powers the
undersigned would possess if personally present, in accordance
with the following instructions.
Account No. No. of Shares Class of Shares Proxy No.
<Table>
1(b). Authority to vote for the election as a Class II Trustee, FOR WITHHOLD
the nominee named below: [ ] [ ]
Rod Dammeyer
FOR AGAINST ABSTAIN
2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ]
Trust.
3. To transact such other business as may properly come before
the Meeting.
</Table>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE
HELD ON JUNE 24, 2003.
Date , 2003
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder must
sign.
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE FORM OF PROXY
VAN KAMPEN ADVANTAGE PENNSYLVANIA MUNICIPAL INCOME TRUST
JOINT ANNUAL MEETING OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Common Shares of VAN KAMPEN ADVANTAGE
PENNSYLVANIA MUNICIPAL INCOME TRUST, a Pennsylvania trust (the
"Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan,
Lou Anne McInnis and Elizabeth A. Nelson and each of them or
their respective designees, with full power of substitution and
revocation, as proxies to represent the undersigned at the Joint
Annual Meeting of Shareholders to be held at the offices of Van
Kampen Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois
60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and
all adjournments thereof (the "Meeting"), and thereat to vote all
Common Shares which the undersigned would be entitled to vote,
with all powers the undersigned would possess if personally
present, in accordance with the following instructions.
Account No. No. of Shares Class of Shares Proxy No.
<Table>
FOR ALL
1(b). Authority to vote for the election as Class I Trustees, the FOR WITHHOLD EXCEPT
nominees named below: [ ] [ ] [ ]
Jerry D. Choate and Suzanne H. Woolsey
Authority to vote for the election as Class II Trustees, the
nominees named below:
Linda Hutton Heagy and Wayne W. Whalen
Authority to vote for the election as a Class III Trustee,
the nominee named below:
R. Craig Kennedy
TO WITHHOLD AUTHORITY FOR ANY INDIVIDUAL NOMINEE, CHECK "FOR
ALL EXCEPT" AND WRITE THE NOMINEE'S NAME ON THE LINE BELOW.
------------------------------------------------------------
FOR AGAINST ABSTAIN
2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ]
Trust.
3. To transact such other business as may properly come before
the Meeting.
</Table>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE
HELD ON JUNE 24, 2003.
Date , 2003
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder must
sign.
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE FORM OF PROXY
VAN KAMPEN ADVANTAGE PENNSYLVANIA MUNICIPAL INCOME TRUST
JOINT ANNUAL MEETING OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Preferred Shares of VAN KAMPEN
ADVANTAGE PENNSYLVANIA MUNICIPAL INCOME TRUST, a Pennsylvania
trust (the "Fund"), hereby appoints A. Thomas Smith III, John L.
Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and each of
them or their respective designees, with full power of
substitution and revocation, as proxies to represent the
undersigned at the Joint Annual Meeting of Shareholders to be
held at the offices of Van Kampen Inc., 1 Parkview Plaza,
Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003
at 3:00 p.m., and any and all adjournments thereof (the
"Meeting"), and thereat to vote all Preferred Shares which the
undersigned would be entitled to vote, with all powers the
undersigned would possess if personally present, in accordance
with the following instructions.
Account No. No. of Shares Class of Shares Proxy No.
<Table>
1(b). Authority to vote for the election as a Class II Trustee, FOR WITHHOLD
the nominee named below: [ ] [ ]
Rod Dammeyer
FOR AGAINST ABSTAIN
2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ]
Trust.
3. To transact such other business as may properly come before
the Meeting.
</Table>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE
HELD ON JUNE 24, 2003.
Date , 2003
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder must
sign.
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE FORM OF PROXY
VAN KAMPEN FLORIDA QUALITY MUNICIPAL TRUST
JOINT ANNUAL MEETING OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Common Shares of VAN KAMPEN FLORIDA
QUALITY MUNICIPAL TRUST, a Massachusetts business trust (the
"Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan,
Lou Anne McInnis and Elizabeth A. Nelson and each of them or
their respective designees, with full power of substitution and
revocation, as proxies to represent the undersigned at the Joint
Annual Meeting of Shareholders to be held at the offices of Van
Kampen Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois
60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and
all adjournments thereof (the "Meeting"), and thereat to vote all
Common Shares which the undersigned would be entitled to vote,
with all powers the undersigned would possess if personally
present, in accordance with the following instructions.
Account No. No. of Shares Class of Shares Proxy No.
<Table>
FOR ALL
1(b). Authority to vote for the election as Class I Trustees, the FOR WITHHOLD EXCEPT
nominees named below: [ ] [ ] [ ]
Jerry D. Choate and Suzanne H. Woolsey
Authority to vote for the election as Class II Trustees, the
nominees named below:
Linda Hutton Heagy and Wayne W. Whalen
Authority to vote for the election as a Class III Trustee,
the nominee named below:
R. Craig Kennedy
TO WITHHOLD AUTHORITY FOR ANY INDIVIDUAL NOMINEE, CHECK "FOR
ALL EXCEPT" AND WRITE THE NOMINEE'S NAME ON THE LINE BELOW.
------------------------------------------------------------
FOR AGAINST ABSTAIN
2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ]
Trust.
3. To transact such other business as may properly come before
the Meeting.
</Table>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE
HELD ON JUNE 24, 2003.
Date , 2003
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder must
sign.
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE FORM OF PROXY
VAN KAMPEN FLORIDA QUALITY MUNICIPAL TRUST
JOINT ANNUAL MEETING OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Preferred Shares of VAN KAMPEN FLORIDA
QUALITY MUNICIPAL TRUST, a Massachusetts business trust (the
"Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan,
Lou Anne McInnis and Elizabeth A. Nelson and each of them or
their respective designees, with full power of substitution and
revocation, as proxies to represent the undersigned at the Joint
Annual Meeting of Shareholders to be held at the offices of Van
Kampen Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois
60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and
all adjournments thereof (the "Meeting"), and thereat to vote all
Preferred Shares which the undersigned would be entitled to vote,
with all powers the undersigned would possess if personally
present, in accordance with the following instructions.
Account No. No. of Shares Class of Shares Proxy No.
<Table>
1(b). Authority to vote for the election as a Class II Trustee,
the nominee named below: FOR WITHHOLD
[ ] [ ]
Rod Dammeyer
FOR AGAINST ABSTAIN
2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ]
Trust.
3. To transact such other business as may properly come before
the Meeting.
</Table>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE
HELD ON JUNE 24, 2003.
Date , 2003
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder must
sign.
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE FORM OF PROXY
VAN KAMPEN OHIO QUALITY MUNICIPAL TRUST
JOINT ANNUAL MEETING OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Common Shares of VAN KAMPEN OHIO
QUALITY MUNICIPAL TRUST, a Massachusetts business trust (the
"Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan,
Lou Anne McInnis and Elizabeth A. Nelson and each of them or
their respective designees, with full power of substitution and
revocation, as proxies to represent the undersigned at the Joint
Annual Meeting of Shareholders to be held at the offices of Van
Kampen Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois
60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and
all adjournments thereof (the "Meeting"), and thereat to vote all
Common Shares which the undersigned would be entitled to vote,
with all powers the undersigned would possess if personally
present, in accordance with the following instructions.
Account No. No. of Shares Class of Shares Proxy No.
<Table>
FOR ALL
1(b). Authority to vote for the election as Class I Trustees, the FOR WITHHOLD EXCEPT
nominees named below: [ ] [ ] [ ]
Jerry D. Choate and Suzanne H. Woolsey
Authority to vote for the election as Class II Trustees, the
nominees named below:
Linda Hutton Heagy and Wayne W. Whalen
Authority to vote for the election as a Class III Trustee,
the nominee named below:
R. Craig Kennedy
TO WITHHOLD AUTHORITY FOR ANY INDIVIDUAL NOMINEE, CHECK "FOR
ALL EXCEPT" AND WRITE THE NOMINEE'S NAME ON THE LINE BELOW.
------------------------------------------------------------
FOR AGAINST ABSTAIN
2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ]
Trust.
3. To transact such other business as may properly come before
the Meeting.
</Table>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE
HELD ON JUNE 24, 2003.
Date , 2003
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder must
sign.
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE FORM OF PROXY
VAN KAMPEN OHIO QUALITY MUNICIPAL TRUST
JOINT ANNUAL OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Preferred Shares of VAN KAMPEN OHIO
QUALITY MUNICIPAL TRUST, a Massachusetts business trust (the
"Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan,
Lou Anne McInnis and Elizabeth A. Nelson and each of them or
their respective designees, with full power of substitution and
revocation, as proxies to represent the undersigned at the Joint
Annual Meeting of Shareholders to be held at the offices of Van
Kampen Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois
60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and
all adjournments thereof (the "Meeting"), and thereat to vote all
Preferred Shares which the undersigned would be entitled to vote,
with all powers the undersigned would possess if personally
present, in accordance with the following instructions.
Account No. No. of Shares Class of Shares Proxy No.
<Table>
1(b). Authority to vote for the election as a Class II Trustee,
the nominee named below: FOR WITHHOLD
[ ] [ ]
Rod Dammeyer
FOR AGAINST ABSTAIN
2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ]
Trust.
3. To transact such other business as may properly come before
the Meeting.
</Table>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE
HELD ON JUNE 24, 2003.
Date , 2003
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder must
sign.
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE FORM OF PROXY
VAN KAMPEN NEW YORK QUALITY MUNICIPAL TRUST
JOINT ANNUAL MEETING OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Common Shares of VAN KAMPEN NEW YORK
QUALITY MUNICIPAL TRUST, a Massachusetts business trust (the
"Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan,
Lou Anne McInnis and Elizabeth A. Nelson and each of them or
their respective designees, with full power of substitution and
revocation, as proxies to represent the undersigned at the Joint
Annual Meeting of Shareholders to be held at the offices of Van
Kampen Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois
60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and
all adjournments thereof (the "Meeting"), and thereat to vote all
Common Shares which the undersigned would be entitled to vote,
with all powers the undersigned would possess if personally
present, in accordance with the following instructions.
Account No. No. of Shares Class of Shares Proxy No.
<Table>
FOR ALL
1(b). Authority to vote for the election as Class I Trustees, the FOR WITHHOLD EXCEPT
nominees named below: [ ] [ ] [ ]
Jerry D. Choate and Suzanne H. Woolsey
Authority to vote for the election as Class II Trustees, the
nominees named below:
Linda Hutton Heagy and Wayne W. Whalen
Authority to vote for the election as a Class III Trustee,
the nominee named below:
R. Craig Kennedy
TO WITHHOLD AUTHORITY FOR ANY INDIVIDUAL NOMINEE, CHECK "FOR
ALL EXCEPT" AND WRITE THE NOMINEE'S NAME ON THE LINE BELOW.
------------------------------------------------------------
FOR AGAINST ABSTAIN
2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ]
Trust.
3. To transact such other business as may properly come before
the Meeting.
</Table>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE
HELD ON JUNE 24, 2003.
Date , 2003
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder must
sign.
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE FORM OF PROXY
VAN KAMPEN NEW YORK QUALITY MUNICIPAL TRUST
JOINT ANNUAL MEETING OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Preferred Shares of VAN KAMPEN NEW YORK
QUALITY MUNICIPAL TRUST, a Massachusetts business trust (the
"Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan,
Lou Anne McInnis and Elizabeth A. Nelson and each of them or
their respective designees, with full power of substitution and
revocation, as proxies to represent the undersigned at the Joint
Annual Meeting of Shareholders to be held at the offices of Van
Kampen Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois
60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and
all adjournments thereof (the "Meeting"), and thereat to vote all
Preferred Shares which the undersigned would be entitled to vote,
with all powers the undersigned would possess if personally
present, in accordance with the following instructions.
Account No. No. of Shares Class of Shares Proxy No.
<Table>
1(b). Authority to vote for the election as a Class II Trustee,
the nominee named below: FOR WITHHOLD
[ ] [ ]
Rod Dammeyer
FOR AGAINST ABSTAIN
2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ]
Trust.
3. To transact such other business as may properly come before
the Meeting.
</Table>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE
HELD ON JUNE 24, 2003.
Date , 2003
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder must
sign.
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE FORM OF PROXY
VAN KAMPEN CALIFORNIA QUALITY MUNICIPAL TRUST
JOINT ANNUAL MEETING OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Common Shares of VAN KAMPEN CALIFORNIA
QUALITY MUNICIPAL TRUST, a Massachusetts business trust (the
"Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan,
Lou Anne McInnis and Elizabeth A. Nelson and each of them or
their respective designees, with full power of substitution and
revocation, as proxies to represent the undersigned at the Joint
Annual Meeting of Shareholders to be held at the offices of Van
Kampen Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois
60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and
all adjournments thereof (the "Meeting"), and thereat to vote all
Common Shares which the undersigned would be entitled to vote,
with all powers the undersigned would possess if personally
present, in accordance with the following instructions.
Account No. No. of Shares Class of Shares Proxy No.
<Table>
FOR ALL
1(b). Authority to vote for the election as Class I Trustees, the FOR WITHHOLD EXCEPT
nominees named below: [ ] [ ] [ ]
Jerry D. Choate and Suzanne H. Woolsey
Authority to vote for the election as Class II Trustees, the
nominees named below:
Linda Hutton Heagy and Wayne W. Whalen
Authority to vote for the election as a Class III Trustee,
the nominee named below:
R. Craig Kennedy
TO WITHHOLD AUTHORITY FOR ANY INDIVIDUAL NOMINEE, CHECK "FOR
ALL EXCEPT" AND WRITE THE NOMINEE'S NAME ON THE LINE BELOW.
------------------------------------------------------------
FOR AGAINST ABSTAIN
2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ]
Trust.
3. To transact such other business as may properly come before
the Meeting.
</Table>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE
HELD ON JUNE 24, 2003.
Date , 2003
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder must
sign.
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE FORM OF PROXY
VAN KAMPEN CALIFORNIA QUALITY MUNICIPAL TRUST
JOINT ANNUAL MEETING OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Preferred Shares of VAN KAMPEN
CALIFORNIA QUALITY MUNICIPAL TRUST, a Massachusetts business
trust (the "Fund"), hereby appoints A. Thomas Smith III, John L.
Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and each of
them or their respective designees, with full power of
substitution and revocation, as proxies to represent the
undersigned at the Joint Annual Meeting of Shareholders to be
held at the offices of Van Kampen Inc., 1 Parkview Plaza,
Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003
at 3:00 p.m., and any and all adjournments thereof (the
"Meeting"), and thereat to vote all Preferred Shares which the
undersigned would be entitled to vote, with all powers the
undersigned would possess if personally present, in accordance
with the following instructions.
Account No. No. of Shares Class of Shares Proxy No.
<Table>
1(b). Authority to vote for the election as a Class II Trustee,
the nominee named below: FOR WITHHOLD
[ ] [ ]
Rod Dammeyer
FOR AGAINST ABSTAIN
2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ]
Trust.
3. To transact such other business as may properly come before
the Meeting.
</Table>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE
HELD ON JUNE 24, 2003.
Date , 2003
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder must
sign.
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE FORM OF PROXY
VAN KAMPEN PENNSYLVANIA QUALITY MUNICIPAL TRUST
JOINT ANNUAL MEETING OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Common Shares of VAN KAMPEN
PENNSYLVANIA QUALITY MUNICIPAL TRUST, a Pennsylvania trust (the
"Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan,
Lou Anne McInnis and Elizabeth A. Nelson and each of them or
their respective designees, with full power of substitution and
revocation, as proxies to represent the undersigned at the Joint
Annual Meeting of Shareholders to be held at the offices of Van
Kampen Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois
60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and
all adjournments thereof (the "Meeting"), and thereat to vote all
Common Shares which the undersigned would be entitled to vote,
with all powers the undersigned would possess if personally
present, in accordance with the following instructions.
Account No. No. of Shares Class of Shares Proxy No.
<Table>
FOR ALL
1(b). Authority to vote for the election as Class I Trustees, the FOR WITHHOLD EXCEPT
nominees named below: [ ] [ ] [ ]
Jerry D. Choate and Suzanne H. Woolsey
Authority to vote for the election as Class II Trustees, the
nominees named below:
Linda Hutton Heagy and Wayne W. Whalen
Authority to vote for the election as a Class III Trustee,
the nominee named below:
R. Craig Kennedy
TO WITHHOLD AUTHORITY FOR ANY INDIVIDUAL NOMINEE, CHECK "FOR
ALL EXCEPT" AND WRITE THE NOMINEE'S NAME ON THE LINE BELOW.
------------------------------------------------------------
FOR AGAINST ABSTAIN
2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ]
Trust.
3. To transact such other business as may properly come before
the Meeting.
</Table>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE
HELD ON JUNE 24, 2003.
Date , 2003
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder must
sign.
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE FORM OF PROXY
VAN KAMPEN PENNSYLVANIA QUALITY MUNICIPAL TRUST
JOINT ANNUAL MEETING OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Preferred Shares of VAN KAMPEN
PENNSYLVANIA QUALITY MUNICIPAL TRUST, a Pennsylvania trust (the
"Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan,
Lou Anne McInnis and Elizabeth A. Nelson and each of them or
their respective designees, with full power of substitution and
revocation, as proxies to represent the undersigned at the Joint
Annual Meeting of Shareholders to be held at the offices of Van
Kampen Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois
60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and any and
all adjournments thereof (the "Meeting"), and thereat to vote all
Preferred Shares which the undersigned would be entitled to vote,
with all powers the undersigned would possess if personally
present, in accordance with the following instructions.
Account No. No. of Shares Class of Shares Proxy No.
<Table>
1(b). Authority to vote for the election as a Class II Trustee,
the nominee named below: FOR WITHHOLD
[ ] [ ]
Rod Dammeyer
FOR AGAINST ABSTAIN
2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ]
Trust.
3. To transact such other business as may properly come before
the Meeting.
</Table>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE
HELD ON JUNE 24, 2003.
Date , 2003
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder must
sign.
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE FORM OF PROXY
VAN KAMPEN SELECT SECTOR MUNICIPAL TRUST
JOINT ANNUAL MEETING OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Common Shares of VAN KAMPEN SELECT
SECTOR MUNICIPAL TRUST, a Massachusetts business trust (the
"Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan,
Lou Anne McInnis and Elizabeth A. Nelson and each of them or
their respective designees, with full power of substitution and
revocation, as proxies to represent the undersigned at the Joint
Annual Meeting of Shareholders to be held at the offices of Van
Kampen Investments Inc., 1 Parkview Plaza, Oakbrook Terrace,
Illinois 60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and
any and all adjournments thereof (the "Meeting"), and thereat to
vote all Common Shares which the undersigned would be entitled to
vote, with all powers the undersigned would possess if personally
present, in accordance with the following instructions.
Account No. No. of Shares Proxy No.
<Table>
FOR ALL
1(d). Authority to vote for the election as Class I Trustees, the FOR WITHHOLD EXCEPT
nominees named below: [ ] [ ] [ ]
Jerry D. Choate and Suzanne H. Woolsey
Authority to vote for the election as a Class II Trustee,
the nominee named below:
Linda Hutton Heagy
Authority to vote for the election as Class III Trustees,
the nominees named below:
R. Craig Kennedy, Richard F. Powers III and Hugo F.
Sonnenschein
TO WITHHOLD AUTHORITY FOR ANY INDIVIDUAL NOMINEE, CHECK "FOR
ALL EXCEPT" AND WRITE THE NOMINEE'S NAME ON THE LINE BELOW.
------------------------------------------------------------
FOR AGAINST ABSTAIN
2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ]
Trust.
3. To transact such other business as may properly come before
the Meeting.
</Table>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE
HELD ON JUNE 24, 2003.
Date , 2003
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder must
sign.
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE FORM OF PROXY
VAN KAMPEN SELECT SECTOR MUNICIPAL TRUST
JOINT ANNUAL MEETING OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Preferred Shares of VAN KAMPEN SELECT
SECTOR MUNICIPAL TRUST, a Massachusetts business trust (the
"Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan,
Lou Anne McInnis and Elizabeth A. Nelson and each of them or
their respective designees, with full power of substitution and
revocation, as proxies to represent the undersigned at the Joint
Annual Meeting of Shareholders to be held at the offices of Van
Kampen Investments Inc., 1 Parkview Plaza, Oakbrook Terrace,
Illinois 60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and
any and all adjournments thereof (the "Meeting"), and thereat to
vote all Preferred Shares which the undersigned would be entitled
to vote, with all powers the undersigned would possess if
personally present, in accordance with the following
instructions.
Account No. No. of Shares Proxy No.
<Table>
1(d). Authority to vote for the election as a Class III Trustee,
the nominee named below: FOR WITHHOLD
[ ] [ ]
Theodore A. Myers
FOR AGAINST ABSTAIN
2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ]
Trust.
3. To transact such other business as may properly come before
the Meeting.
</Table>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE
HELD ON JUNE 24, 2003.
Date , 2003
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder must
sign.
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE FORM OF PROXY
VAN KAMPEN MUNICIPAL OPPORTUNITY TRUST II
JOINT ANNUAL MEETING OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Common Shares of VAN KAMPEN MUNICIPAL
OPPORTUNITY TRUST II, a Massachusetts business trust (the
"Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan,
Lou Anne McInnis and Elizabeth A. Nelson and each of them or
their respective designees, with full power of substitution and
revocation, as proxies to represent the undersigned at the Joint
Annual Meeting of Shareholders to be held at the offices of Van
Kampen Investments, Inc., 1 Parkview Plaza, Oakbrook Terrace,
Illinois 60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and
any and all adjournments thereof (the "Meeting"), and thereat to
vote all Common Shares which the undersigned would be entitled to
vote, with all powers the undersigned would possess if personally
present, in accordance with the following instructions.
Account No. No. of Shares Proxy No.
<Table>
FOR ALL
1(a). Authority to vote for the election as Class I Trustees, the FOR WITHHOLD EXCEPT
nominees named below: [ ] [ ] [ ]
David C. Arch, Jerry D. Choate, Howard J. Kerr and Suzanne
H. Woolsey
Authority to vote for the election as a Class II Trustee,
the nominee named below:
Linda Hutton Heagy
Authority to vote for the election as a Class III Trustee,
the nominee named below:
R. Craig Kennedy
TO WITHHOLD AUTHORITY FOR ANY INDIVIDUAL NOMINEE, CHECK "FOR
ALL EXCEPT" AND WRITE THE NOMINEE'S NAME ON THE LINE BELOW.
------------------------------------------------------------
FOR AGAINST ABSTAIN
2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ]
Trust.
3. To transact such other business as may properly come before
the Meeting.
</Table>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE
HELD ON JUNE 24, 2003.
Date , 2003
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder must
sign.
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE FORM OF PROXY
VAN KAMPEN STRATEGIC SECTOR MUNICIPAL TRUST
JOINT ANNUAL MEETING OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Common Shares of VAN KAMPEN STRATEGIC
SECTOR MUNICIPAL TRUST, a Massachusetts business trust (the
"Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan,
Lou Anne McInnis and Elizabeth A. Nelson and each of them or
their respective designees, with full power of substitution and
revocation, as proxies to represent the undersigned at the Joint
Annual Meeting of Shareholders to be held at the offices of Van
Kampen Investments, Inc., 1 Parkview Plaza, Oakbrook Terrace,
Illinois 60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and
any and all adjournments thereof (the "Meeting"), and thereat to
vote all Common Shares which the undersigned would be entitled to
vote, with all powers the undersigned would possess if personally
present, in accordance with the following instructions.
Account No. No. of Shares Proxy No.
<Table>
FOR ALL
1(a). Authority to vote for the election as Class I Trustees, the FOR WITHHOLD EXCEPT
nominees named below: [ ] [ ] [ ]
David C. Arch, Jerry D. Choate, Howard J. Kerr and Suzanne
H. Woolsey
Authority to vote for the election as a Class II Trustee,
the nominee named below:
Linda Hutton Heagy
Authority to vote for the election as a Class III Trustee,
the nominee named below:
R. Craig Kennedy
TO WITHHOLD AUTHORITY FOR ANY INDIVIDUAL NOMINEE, CHECK "FOR
ALL EXCEPT" AND WRITE THE NOMINEE'S NAME ON THE LINE BELOW.
------------------------------------------------------------
FOR AGAINST ABSTAIN
2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ]
Trust.
3. To transact such other business as may properly come before
the Meeting.
</Table>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE
HELD ON JUNE 24, 2003.
Date , 2003
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder must
sign.
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE FORM OF PROXY
VAN KAMPEN MASSACHUSETTS VALUE MUNICIPAL INCOME TRUST
JOINT ANNUAL MEETING OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Common Shares of VAN KAMPEN
MASSACHUSETTS VALUE MUNICIPAL INCOME TRUST, a Massachusetts
business trust (the "Fund"), hereby appoints A. Thomas Smith III,
John L. Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and
each of them or their respective designees, with full power of
substitution and revocation, as proxies to represent the
undersigned at the Joint Annual Meeting of Shareholders to be
held at the offices of Van Kampen Investments, Inc., 1 Parkview
Plaza, Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June
24, 2003 at 3:00 p.m., and any and all adjournments thereof (the
"Meeting"), and thereat to vote all Common Shares which the
undersigned would be entitled to vote, with all powers the
undersigned would possess if personally present, in accordance
with the following instructions.
Account No. No. of Shares Proxy No.
<Table>
FOR ALL
1(a). Authority to vote for the election as Class I Trustees, the FOR WITHHOLD EXCEPT
nominees named below: [ ] [ ] [ ]
David C. Arch, Jerry D. Choate, Howard J. Kerr and Suzanne
H. Woolsey
Authority to vote for the election as a Class II Trustee,
the nominee named below:
Linda Hutton Heagy
Authority to vote for the election as a Class III Trustee,
the nominee named below:
R. Craig Kennedy
TO WITHHOLD AUTHORITY FOR ANY INDIVIDUAL NOMINEE, CHECK "FOR
ALL EXCEPT" AND WRITE THE NOMINEE'S NAME ON THE LINE BELOW.
------------------------------------------------------------
FOR AGAINST ABSTAIN
2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ]
Trust.
3. To transact such other business as may properly come before
the Meeting.
</Table>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE
HELD ON JUNE 24, 2003.
Date , 2003
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder must
sign.
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE FORM OF PROXY
VAN KAMPEN PENNSYLVANIA VALUE MUNICIPAL INCOME TRUST
JOINT ANNUAL MEETING OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Common Shares of VAN KAMPEN
PENNSYLVANIA VALUE MUNICIPAL INCOME TRUST, a Pennsylvania trust
(the "Fund"), hereby appoints A. Thomas Smith III, John L.
Sullivan, Lou Anne McInnis and Elizabeth A. Nelson and each of
them or their respective designees, with full power of
substitution and revocation, as proxies to represent the
undersigned at the Joint Annual Meeting of Shareholders to be
held at the offices of Van Kampen Investments Inc., 1 Parkview
Plaza, Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June
24, 2003 at 3:00 p.m., and any and all adjournments thereof (the
"Meeting"), and thereat to vote all Common Shares which the
undersigned would be entitled to vote, with all powers the
undersigned would possess if personally present, in accordance
with the following instructions.
Account No. No. of Shares Proxy No.
<Table>
FOR ALL
1(a). Authority to vote for the election as Class I Trustees, the FOR WITHHOLD EXCEPT
nominees named below: [ ] [ ] [ ]
David C. Arch, Jerry D. Choate, Howard J. Kerr and Suzanne
H. Woolsey
Authority to vote for the election as a Class II Trustee,
the nominee named below:
Linda Hutton Heagy
Authority to vote for the election as a Class III Trustee,
the nominee named below:
R. Craig Kennedy
TO WITHHOLD AUTHORITY FOR ANY INDIVIDUAL NOMINEE, CHECK "FOR
ALL EXCEPT" AND WRITE THE NOMINEE'S NAME ON THE LINE BELOW.
------------------------------------------------------------
FOR AGAINST ABSTAIN
2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ]
Trust.
3. To transact such other business as may properly come before
the Meeting.
</Table>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE
HELD ON JUNE 24, 2003.
Date , 2003
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder must
sign.
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE FORM OF PROXY
VAN KAMPEN CALIFORNIA VALUE MUNICIPAL INCOME TRUST
JOINT ANNUAL MEETING OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Common Shares of VAN KAMPEN CALIFORNIA
VALUE MUNICIPAL INCOME TRUST, a Massachusetts business trust (the
"Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan,
Lou Anne McInnis and Elizabeth A. Nelson and each of them or
their respective designees, with full power of substitution and
revocation, as proxies to represent the undersigned at the Joint
Annual Meeting of Shareholders to be held at the offices of Van
Kampen Investments, Inc., 1 Parkview Plaza, Oakbrook Terrace,
Illinois 60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and
any and all adjournments thereof (the "Meeting"), and thereat to
vote all Common Shares which the undersigned would be entitled to
vote, with all powers the undersigned would possess if personally
present, in accordance with the following instructions.
Account No. No. of Shares Proxy No.
<Table>
FOR ALL
1(a). Authority to vote for the election as Class I Trustees, the FOR WITHHOLD EXCEPT
nominees named below: [ ] [ ] [ ]
David C. Arch, Jerry D. Choate, Howard J. Kerr and Suzanne
H. Woolsey
Authority to vote for the election as a Class II Trustee,
the nominee named below:
Linda Hutton Heagy
Authority to vote for the election as a Class III Trustee,
the nominee named below:
R. Craig Kennedy
TO WITHHOLD AUTHORITY FOR ANY INDIVIDUAL NOMINEE, CHECK "FOR
ALL EXCEPT" AND WRITE THE NOMINEE'S NAME ON THE LINE BELOW.
------------------------------------------------------------
FOR AGAINST ABSTAIN
2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ]
Trust.
3. To transact such other business as may properly come before
the Meeting.
</Table>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE
HELD ON JUNE 24, 2003.
Date , 2003
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder must
sign.
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE FORM OF PROXY
VAN KAMPEN OHIO VALUE MUNICIPAL INCOME TRUST
JOINT ANNUAL MEETING OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Common Shares of VAN KAMPEN OHIO VALUE
MUNICIPAL INCOME TRUST, a Massachusetts business trust (the
"Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan,
Lou Anne McInnis and Elizabeth A. Nelson and each of them or
their respective designees, with full power of substitution and
revocation, as proxies to represent the undersigned at the Joint
Annual Meeting of Shareholders to be held at the offices of Van
Kampen Investments, Inc., 1 Parkview Plaza, Oakbrook Terrace,
Illinois 60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and
any and all adjournments thereof (the "Meeting"), and thereat to
vote all Common Shares which the undersigned would be entitled to
vote, with all powers the undersigned would possess if personally
present, in accordance with the following instructions.
Account No. No. of Shares Proxy No.
<Table>
FOR ALL
1(a). Authority to vote for the election as Class I Trustees, the FOR WITHHOLD EXCEPT
nominees named below: [ ] [ ] [ ]
David C. Arch, Jerry D. Choate, Howard J. Kerr and Suzanne
H. Woolsey
Authority to vote for the election as a Class II Trustee,
the nominee named below:
Linda Hutton Heagy
Authority to vote for the election as a Class III Trustee,
the nominee named below:
R. Craig Kennedy
TO WITHHOLD AUTHORITY FOR ANY INDIVIDUAL NOMINEE, CHECK "FOR
ALL EXCEPT" AND WRITE THE NOMINEE'S NAME ON THE LINE BELOW.
------------------------------------------------------------
FOR AGAINST ABSTAIN
2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ]
Trust.
3. To transact such other business as may properly come before
the Meeting.
</Table>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE
HELD ON JUNE 24, 2003.
Date , 2003
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder must
sign.
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE FORM OF PROXY
VAN KAMPEN VALUE MUNICIPAL INCOME TRUST
JOINT ANNUAL MEETING OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Common Shares of VAN KAMPEN VALUE
MUNICIPAL INCOME TRUST, a Massachusetts business trust (the
"Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan,
Lou Anne McInnis and Elizabeth A. Nelson and each of them or
their respective designees, with full power of substitution and
revocation, as proxies to represent the undersigned at the Joint
Annual Meeting of Shareholders to be held at the offices of Van
Kampen Investments, Inc., 1 Parkview Plaza, Oakbrook Terrace,
Illinois 60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and
any and all adjournments thereof (the "Meeting"), and thereat to
vote all Common Shares which the undersigned would be entitled to
vote, with all powers the undersigned would possess if personally
present, in accordance with the following instructions.
Account No. No. of Shares Proxy No.
<Table>
FOR ALL
1(a). Authority to vote for the election as Class I Trustees, the FOR WITHHOLD EXCEPT
nominees named below: [ ] [ ] [ ]
David C. Arch, Jerry D. Choate, Howard J. Kerr and Suzanne
H. Woolsey
Authority to vote for the election as a Class II Trustee,
the nominee named below:
Linda Hutton Heagy
Authority to vote for the election as a Class III Trustee,
the nominee named below:
R. Craig Kennedy
TO WITHHOLD AUTHORITY FOR ANY INDIVIDUAL NOMINEE, CHECK "FOR
ALL EXCEPT" AND WRITE THE NOMINEE'S NAME ON THE LINE BELOW.
------------------------------------------------------------
FOR AGAINST ABSTAIN
2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ]
Trust.
3. To transact such other business as may properly come before
the Meeting.
</Table>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE
HELD ON JUNE 24, 2003.
Date , 2003
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder must
sign.
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE FORM OF PROXY
VAN KAMPEN ADVANTAGE MUNICIPAL INCOME TRUST II
JOINT ANNUAL MEETING OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Common Shares of VAN KAMPEN ADVANTAGE
MUNICIPAL INCOME TRUST II, a Massachusetts business trust (the
"Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan,
Lou Anne McInnis and Elizabeth A. Nelson and each of them or
their respective designees, with full power of substitution and
revocation, as proxies to represent the undersigned at the Joint
Annual Meeting of Shareholders to be held at the offices of Van
Kampen Investments, Inc., 1 Parkview Plaza, Oakbrook Terrace,
Illinois 60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and
any and all adjournments thereof (the "Meeting"), and thereat to
vote all Common Shares which the undersigned would be entitled to
vote, with all powers the undersigned would possess if personally
present, in accordance with the following instructions.
Account No. No. of Shares Proxy No.
<Table>
FOR ALL
1(a). Authority to vote for the election as Class I Trustees, the FOR WITHHOLD EXCEPT
nominees named below: [ ] [ ] [ ]
David C. Arch, Jerry D. Choate, Howard J. Kerr and Suzanne
H. Woolsey
Authority to vote for the election as a Class II Trustee,
the nominee named below:
Linda Hutton Heagy
Authority to vote for the election as a Class III Trustee,
the nominee named below:
R. Craig Kennedy
TO WITHHOLD AUTHORITY FOR ANY INDIVIDUAL NOMINEE, CHECK "FOR
ALL EXCEPT" AND WRITE THE NOMINEE'S NAME ON THE LINE BELOW.
------------------------------------------------------------
FOR AGAINST ABSTAIN
2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ]
Trust.
3. To transact such other business as may properly come before
the Meeting.
</Table>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE
HELD ON JUNE 24, 2003.
Date , 2003
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder must
sign.
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE FORM OF PROXY
VAN KAMPEN NEW YORK VALUE MUNICIPAL INCOME TRUST
JOINT ANNUAL MEETING OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Common Shares of VAN KAMPEN NEW YORK
VALUE MUNICIPAL INCOME TRUST, a Massachusetts business trust (the
"Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan,
Lou Anne McInnis and Elizabeth A. Nelson and each of them or
their respective designees, with full power of substitution and
revocation, as proxies to represent the undersigned at the Joint
Annual Meeting of Shareholders to be held at the offices of Van
Kampen Investments, Inc., 1 Parkview Plaza, Oakbrook Terrace,
Illinois 60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and
any and all adjournments thereof (the "Meeting"), and thereat to
vote all Common Shares which the undersigned would be entitled to
vote, with all powers the undersigned would possess if personally
present, in accordance with the following instructions.
Account No. No. of Shares Proxy No.
<Table>
FOR ALL
1(a). Authority to vote for the election as Class I Trustees, the FOR WITHHOLD EXCEPT
nominees named below: [ ] [ ] [ ]
David C. Arch, Jerry D. Choate, Howard J. Kerr and Suzanne
H. Woolsey
Authority to vote for the election as a Class II Trustee,
the nominee named below:
Linda Hutton Heagy
Authority to vote for the election as a Class III Trustee,
the nominee named below:
R. Craig Kennedy
TO WITHHOLD AUTHORITY FOR ANY INDIVIDUAL NOMINEE, CHECK "FOR
ALL EXCEPT" AND WRITE THE NOMINEE'S NAME ON THE LINE BELOW.
------------------------------------------------------------
FOR AGAINST ABSTAIN
2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ]
Trust.
3. To transact such other business as may properly come before
the Meeting.
</Table>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE
HELD ON JUNE 24, 2003.
Date , 2003
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder must
sign.
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE FORM OF PROXY
VAN KAMPEN INVESTMENT GRADE MUNICIPAL TRUST
JOINT ANNUAL MEETING OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Common Shares of VAN KAMPEN INVESTMENT
GRADE MUNICIPAL TRUST, a Massachusetts business trust (the
"Fund"), hereby appoints A. Thomas Smith III, John L. Sullivan,
Lou Anne McInnis and Elizabeth A. Nelson and each of them or
their respective designees, with full power of substitution and
revocation, as proxies to represent the undersigned at the Joint
Annual Meeting of Shareholders to be held at the offices of Van
Kampen Investments, Inc., 1 Parkview Plaza, Oakbrook Terrace,
Illinois 60181-5555, on Tuesday, June 24, 2003 at 3:00 p.m., and
any and all adjournments thereof (the "Meeting"), and thereat to
vote all Common Shares which the undersigned would be entitled to
vote, with all powers the undersigned would possess if personally
present, in accordance with the following instructions.
Account No. No. of Shares Proxy No.
<Table>
FOR ALL
1(a). Authority to vote for the election as Class I Trustees, the FOR WITHHOLD EXCEPT
nominees named below: [ ] [ ] [ ]
David C. Arch, Jerry D. Choate, Howard J. Kerr and Suzanne
H. Woolsey
Authority to vote for the election as a Class II Trustee,
the nominee named below:
Linda Hutton Heagy
Authority to vote for the election as a Class III Trustee,
the nominee named below:
R. Craig Kennedy
TO WITHHOLD AUTHORITY FOR ANY INDIVIDUAL NOMINEE, CHECK "FOR
ALL EXCEPT" AND WRITE THE NOMINEE'S NAME ON THE LINE BELOW.
------------------------------------------------------------
FOR AGAINST ABSTAIN
2. Authority to vote for the amendment to the Declaration of [ ] [ ] [ ]
Trust.
3. To transact such other business as may properly come before
the Meeting.
</Table>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE
HELD ON JUNE 24, 2003.
Date , 2003
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder must
sign.
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE FORM OF PROXY
VAN KAMPEN BOND FUND
JOINT ANNUAL MEETING OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Common Shares of VAN KAMPEN BOND FUND,
a Delaware business trust (the "Fund"), hereby appoints A. Thomas
Smith III, John L. Sullivan, Lou Anne McInnis and Elizabeth A.
Nelson and each of them or their respective designees, with full
power of substitution and revocation, as proxies to represent the
undersigned at the Joint Annual Meeting of Shareholders to be
held at the offices of Van Kampen Inc., 1 Parkview Plaza,
Oakbrook Terrace, Illinois 60181-5555, on Tuesday, June 24, 2003
at 3:00 p.m., and any and all adjournments thereof (the
"Meeting"), and thereat to vote all Common Shares which the
undersigned would be entitled to vote, with all powers the
undersigned would possess if personally present, in accordance
with the following instructions.
Account No. No. of Shares Class of Shares Proxy No.
<Table>
FOR ALL
1(c). Authority to vote for the election as Class I Trustees, the FOR WITHHOLD EXCEPT
nominees named below: [ ] [ ] [ ]
Jerry D. Choate and Suzanne H. Woolsey
Authority to vote for the election as Class II Trustees, the
nominees named below:
Rod Dammeyer, Linda Hutton Heagy and Wayne W. Whalen
Authority to vote for the election as a Class III Trustee,
the nominee named below:
R. Craig Kennedy
TO WITHHOLD AUTHORITY FOR ANY INDIVIDUAL NOMINEE, CHECK "FOR
ALL EXCEPT" AND WRITE THE NOMINEE'S NAME ON THE LINE BELOW.
------------------------------------------------------------
2. To transact such other business as may properly come before
the Meeting.
</Table>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE
HELD ON JUNE 24, 2003.
Date , 2003
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder must
sign.
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE FORM OF PROXY
VAN KAMPEN INCOME TRUST
JOINT ANNUAL MEETING OF SHAREHOLDERS
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned holder of Common Shares of VAN KAMPEN INCOME
TRUST, a Delaware business trust (the "Fund"), hereby appoints A.
Thomas Smith III, John L. Sullivan, Lou Anne McInnis and
Elizabeth A. Nelson and each of them or their respective
designees, with full power of substitution and revocation, as
proxies to represent the undersigned at the Joint Annual Meeting
of Shareholders to be held at the offices of Van Kampen Inc., 1
Parkview Plaza, Oakbrook Terrace, Illinois 60181-5555, on
Tuesday, June 24, 2003 at 3:00 p.m., and any and all adjournments
thereof (the "Meeting"), and thereat to vote all Common Shares
which the undersigned would be entitled to vote, with all powers
the undersigned would possess if personally present, in
accordance with the following instructions.
Account No. No. of Shares Class of Shares Proxy No.
<Table>
FOR ALL
1(e). Authority to vote for the election as Class I Trustees, the FOR WITHHOLD EXCEPT
nominees named below: [ ] [ ] [ ]
Jerry D. Choate and Suzanne H. Woolsey
Authority to vote for the election as a Class II Trustee,
the nominee named below:
Linda Hutton Heagy
Authority to vote for the election as Class III Trustees,
the nominees named below:
R. Craig Kennedy, Theodore A. Myers, Richard F. Powers, III
and Hugo F. Sonnenschein
TO WITHHOLD AUTHORITY FOR ANY INDIVIDUAL NOMINEE, CHECK "FOR
ALL EXCEPT" AND WRITE THE NOMINEE'S NAME ON THE LINE BELOW.
------------------------------------------------------------
2. To transact such other business as may properly come before
the Meeting.
</Table>
If more than one of the proxies, or their substitutes, are
present at the Meeting or any adjournment thereof, they jointly
(or, if only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This Proxy,
when properly executed, will be voted in accordance with the
instructions marked hereon by the undersigned. IF NO
SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED "FOR" THE
PROPOSALS DESCRIBED HEREIN AND IN THE DISCRETION OF THE PROXIES
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE ACCOMPANYING
NOTICE OF MEETING AND JOINT PROXY STATEMENT FOR THE MEETING TO BE
HELD ON JUNE 24, 2003.
Date , 2003
----------------------------
Shareholder signature
----------------------------
Co-owner signature (if
applicable)
Please sign this Proxy
exactly as your name or
names appear on the books of
the Fund. When signing as
attorney, trustee, executor,
administrator, custodian,
guardian or corporate
officer, please give full
title. If shares are held
jointly, each holder must
sign.