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

                                   FORM N-CSR

        CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT
                                   COMPANIES

Investment Company Act file number 811-6738

                  Van Kampen Ohio Value Municipal Income Trust
- --------------------------------------------------------------------------------
               (Exact name of registrant as specified in charter)

               1221 Avenue of the Americas NY NY              10020
- --------------------------------------------------------------------------------
            (Address of principal executive offices)        (Zip code)

                                 Ronald Robison
                          1221 Avenue of the Americas
                               New York, NY 10020
- --------------------------------------------------------------------------------
                    (Name and address of agent for service)

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

Date of fiscal year end: 10/31/03
                        -----------

Date of reporting period: 04/30/03
                         -----------

Item 1.  Report to Shareholders


       PERFORMANCE SUMMARY

RETURN HIGHLIGHTS

(as of April 30, 2003)

- ------------------------------
NYSE Ticker Symbol - VOV
- ------------------------------

<Table>
<Caption>
- -----------------------------------------------------------------------
                                                              
Six-month total return(1)                                    13.23%
- -----------------------------------------------------------------------
One-year total return(1)                                     21.07%
- -----------------------------------------------------------------------
Five-year average annual total return(1)                      9.07%
- -----------------------------------------------------------------------
Ten-year average annual total return(1)                       6.50%
- -----------------------------------------------------------------------
Life-of-Trust average annual total return(1)                  6.50%
- -----------------------------------------------------------------------
Commencement date                                          04/30/93
- -----------------------------------------------------------------------

Distribution rate as a % of closing common share market
price(2)                                                      5.78%
- -----------------------------------------------------------------------
Taxable-equivalent distribution rate as a % of closing
common share market price(3)                                 10.18%
- -----------------------------------------------------------------------
Preferred share rate(4)                                       1.17%
- -----------------------------------------------------------------------
Net asset value                                              $15.64
- -----------------------------------------------------------------------
Closing common share market price                            $16.31
- -----------------------------------------------------------------------
Six-month high common share market price (04/29/03)          $16.44
- -----------------------------------------------------------------------
Six-month low common share market price (11/29/02)           $14.42
- -----------------------------------------------------------------------
</Table>

              NOT FDIC INSURED  MAY LOSE VALUE  NO BANK GUARANTEE

                                        1


(1) Total return assumes an investment at the common share market price at the
    beginning of the period indicated, reinvestment of all distributions for the
    period in accordance with the Trust's dividend reinvestment plan, and sale
    of all shares at the closing common share market price at the end of the
    period indicated.

(2) Distribution rate represents the monthly annualized distributions of the
    Trust at the end of the period and not the earnings of the Trust.

(3) The taxable-equivalent distribution rate is calculated assuming the maximum
    43.2% combined federal and state income tax rate effective for calendar year
    2003, which takes into consideration the deductibility of individual state
    taxes paid.

(4) See "Notes to Financial Statements" footnote #6, for more information
    concerning Preferred Share reset periods.

    A portion of the interest income may be taxable for those investors subject
    to the federal alternative minimum tax (AMT).

    Past performance is no guarantee of future results. Investment return,
    common share market price and net asset value will fluctuate and Trust
    shares, when sold, may be worth more or less than their original cost. An
    investment in the Trust is subject to investment risks, and you could lose
    money on your investment in the Trust. As a result of recent market
    activity, current performance may vary from the figures shown. For more
    up-to-date information, please visit vankampen.com or speak with your
    financial advisor.

                                        2


               PORTFOLIO AT A GLANCE

CREDIT QUALITY

(as a percentage of long-term investments)


<Table>
<Caption>
As of April 30, 2003
                                 
AAA/Aaa...........................  54.8%
AA/Aa.............................  24.4%
A/A...............................   8.2%
BBB/Baa...........................  10.2%
Non-Rated.........................   2.4%
</Table>

TOP FIVE SECTORS

(as a percentage of long-term investments)


<Table>
<Caption>
As of April 30, 2003
                                 
Health Care.......................  23.6%
Higher Education..................  15.1%
Public Education..................  13.2%
General Purpose...................  11.2%
Retail Electric/Gas/Telephone.....   8.1%
</Table>

Based upon the credit quality ratings as issued by Standard & Poor's Credit
Market Services/Moody's Investor Services, respectively. Subject to change
daily.

NET ASSET VALUE AND COMMON SHARE MARKET PRICE

(based upon quarter-end values--April 1993 through April 2003)
[LINE GRAPH]

<Table>
<Caption>
                                                                      NET ASSET VALUE               COMMON SHARE MARKET PRICE
                                                                      ---------------               -------------------------
                                                                                           
4/93                                                                     $14.8400                           $15.0000
6/93                                                                     $15.1000                           $14.6250
                                                                         $15.6200                           $15.0000
                                                                         $15.7300                           $14.0000
                                                                         $13.4900                           $13.2500
6/94                                                                     $13.3100                           $12.6250
                                                                         $12.9900                           $11.1250
                                                                         $12.4000                           $11.2500
                                                                         $13.6000                           $12.2500
6/95                                                                     $13.7800                           $11.7500
                                                                         $14.0200                           $11.5000
                                                                         $14.7700                           $11.8750
                                                                         $14.1000                           $11.7500
6/96                                                                     $13.9500                           $11.5000
                                                                         $14.3000                           $11.3750
                                                                         $14.5900                           $11.6250
                                                                         $14.2500                           $11.5000
6/97                                                                     $14.7000                           $12.3750
                                                                         $15.1000                           $12.7500
                                                                         $15.4400                           $13.6250
                                                                         $15.4200                           $13.8750
6/98                                                                     $15.4600                           $13.8750
                                                                         $15.8600                           $13.9375
                                                                         $15.6200                           $14.3750
                                                                         $15.4700                           $14.1250
6/99                                                                     $14.7900                           $13.6875
                                                                         $14.3300                           $13.0000
                                                                         $13.8300                           $12.1250
                                                                         $13.9800                           $12.0625
6/00                                                                     $13.9800                           $12.5000
                                                                         $14.2200                           $12.8125
                                                                         $14.3400                           $12.7500
                                                                         $14.5200                           $12.9100
6/01                                                                     $14.4400                           $13.2900
                                                                         $14.8600                           $13.9000
                                                                         $14.4700                           $13.6900
                                                                         $14.3400                           $14.0300
6/02                                                                     $14.9100                           $15.2200
                                                                         $15.8500                           $16.1000
                                                                         $15.5300                           $15.2500
                                                                         $15.5400                           $16.2500
4/03                                                                     $15.6400                           $16.3100
</Table>

The solid line above represents the trust's net asset value (NAV), which
indicates overall changes in value among the trust's underlying securities. The
trust's common share market price is represented by the dashed line, which
indicates the price the market is willing to pay for shares of the trust at a
given time. Common share market price is influenced by a range of factors,
including supply and demand and market conditions.

                                        3


Q&A WITH YOUR PORTFOLIO MANAGER

WE RECENTLY SPOKE WITH THE MANAGEMENT TEAM OF THE VAN KAMPEN OHIO VALUE
MUNICIPAL INCOME TRUST ABOUT THE KEY EVENTS AND ECONOMIC FORCES THAT SHAPED THE
MARKETS AND INFLUENCED THE TRUST'S RETURN DURING THE SIX MONTHS ENDED APRIL 30,
2003. TIMOTHY D. HANEY, PORTFOLIO MANAGER, HAS MANAGED THE TRUST SINCE 1996 AND
HAS WORKED IN THE INVESTMENT INDUSTRY SINCE 1988. THE FOLLOWING DISCUSSION
REFLECTS HIS VIEWS ON THE TRUST'S PERFORMANCE.

Q   WHAT WAS THE MARKET
    ENVIRONMENT OF THE PAST SIX MONTHS, AND HOW DID THE TRUST PERFORM IN THAT
    ENVIRONMENT?

A   The environment over the past six
months has been defined by two major themes. The first of these was the level of
interest rates. The period began with interest rates at levels not seen in over
three decades and, surprisingly for many, ended with rates slightly lower. The
Federal Reserve Board (the Fed) helped keep rates low with a widely anticipated
rate cut in November, driven by economic uncertainty and geopolitical risk. The
low level of rates led to a boom in issuance by municipalities seeking to lock
in low financing costs. As a result, issuance reached a record level of $354
billion in 2002 and continued to be exceptional in the first quarter of 2003.

    The other theme in the market during the period was the relative
attractiveness of municipal bonds, which produced enough demand to absorb the
record issuance. Investors, wary of volatility in the equity market and in the
geopolitical arena, flocked to perceived safe haven investments. Their risk
aversion counteracted growing expectations for economic recovery and rising
interest rates and was a key factor in keeping interest rates at historically
low levels. In their ongoing preference for low-risk assets, investors bid
Treasury prices up to such high levels that municipal bonds became as
attractively valued as they have ever been relative to Treasuries. Insurance
companies also moved heavily into municipal bonds as their mainstay corporate
bond holdings became less attractive. At the same time, issuers recognized
investor concerns over economic weakness by insuring roughly 50% of all
issuance. This credit enhancement made municipal bonds even more attractive to
risk-averse investors.

    While lower financing costs were a boon to municipal issuers, the continuing
weakness in the economy had a negative impact on municipal credit quality,
particularly in the first quarter of 2003. Moody's upgrades barely exceeded the
number of downgrades in the first quarter, with

                                        4


credit quality facing continued pressure from rising social service costs and
weak national and regional economic conditions. As a result, municipalities face
enormous deficits in 2003, when their combined shortfall is expected to reach
$90 billion.

    Performance along the yield curve was varied. The Fed's November rate cut
fueled a rally in short-term bonds that helped pull yields lower at the front
end of the curve. Despite that rally, the best performing segment of the curve
was the long-intermediate portion where performance was largely driven by buying
activity among institutional investors drawn to the bonds' attractive total
return potential.

    The Ohio economy was quite sluggish during the period. The state's
employment levels remained stagnant during the period, with no real sign of
improvement. The state entered fiscal 2003 with a projected deficit of $1.15
billion, which it closed largely through a cigarette tax as well as service cuts
and other tax measures. Ohio faces an even larger projected deficit of $4
billion for fiscal 2004, though Governor Taft's proposed budget appears to go
some way toward adjusting structural problems with the state's economy to
address that shortfall. The major ratings agencies responded to the state's
malaise by giving its general obligation bonds a negative rating outlook for the
near future.

    The trust's monthly dividend of $0.0785 per share translated to a
distribution rate of 5.78 percent based on the trust's closing common share
market price on April 30, 2003. Based on these figures, investors would have to
earn a distribution rate of 10.18 percent on a taxable investment (for an
investor in the 43.20 percent combined federal and state income tax bracket) to
match the tax-exempt yield provided by the trust.

    For the six months ended April 30, 2003, the trust produced a total return
of 13.23 percent based on common share market price. By comparison, the Lehman
Brothers Ohio Municipal Bond Index posted a total return of 3.88 percent for the
same period. Of course, past performance is no guarantee of future results.
Investment return, common share market price and net asset value will fluctuate
and trust shares, when sold, may be worth more or less than their original cost.
As a result of recent market activity, current performance may vary from the
figures shown. For more up-to-date information, please visit vankampen.com or
speak with your financial advisor.

    The Lehman Brothers Ohio Municipal Bond Index is an unmanaged, broad-based
statistical composite of municipal bonds. Index returns do not include any sales
charges or fees that would be paid by an investor purchasing the securities the
index represents. Such costs would lower performance. It is not possible to
invest directly in an index. For additional information, please refer to the
performance summary section.

Q   WHAT STRATEGIES DID YOU PURSUE
    IN MANAGING THE TRUST?

A   While interest rates fell somewhat
during the period, they remained largely confined to a relatively tight

                                        5


trading range at historically low levels. Consequently, there were fewer
compelling opportunities for reinvesting the proceeds of sales from the
portfolio than we've seen in some time. This kept the portfolio's turnover
relatively low as we attempted to protect the trust's dividend by limiting the
likelihood of having to reinvest in lower-yielding securities.

    Within this framework, we continued to trade opportunistically among highly
liquid bonds as they moved into and out of what we considered to be fair value.
We took advantage of attractive yield spreads and invested in two hospital
bonds. We were able to sell one of these bonds during the period when it
achieved its performance objective. We also trimmed the portfolio's holdings of
long-duration zero coupon bonds in order to lock in their outperformance.

                                        6


                        BY THE NUMBERS

YOUR TRUST'S INVESTMENTS

April 30, 2003 (Unaudited)
THE FOLLOWING PAGES DETAIL YOUR TRUST'S PORTFOLIO OF INVESTMENTS AT THE END OF
THE REPORTING PERIOD.

<Table>
<Caption>
PAR
AMOUNT                                                                        MARKET
(000)     DESCRIPTION                                   COUPON   MATURITY     VALUE
                                                               
          MUNICIPAL BONDS  153.4%
          OHIO  142.0%
$  400    Akron Bath Copley, OH Jt Twp Hosp Fac Summa
          Hosp Ser A................................... 5.375%   11/15/18  $    377,068
 1,000    Akron, OH Ctf Part Akron Muni Baseball Stad
          Proj......................................... 6.900    12/01/16     1,110,980
 1,145    American Muni Pwr OH Inc Omega JV2 Proj
          (AMBAC Insd)................................. 5.250    01/01/13     1,263,714
   845    Beavercreek, OH Cap Apprec (MBIA Insd).......   *      02/01/21       366,891
   930    Cleveland Cuyahoga Cnty, OH Port Auth Rev Dev
          Port Cleveland Bd Fd Ser A (LOC: Fifth Third
          Bank)........................................ 6.250    05/15/16       961,490
 1,500    Cleveland, OH Arpt Sys Rev Ser A (FGIC
          Insd)........................................ 5.700    01/01/06     1,565,820
 1,250    Cleveland, OH Pub Pwr Sys Rev First Mtg Ser A
          (Prerefunded @ 11/15/04) (MBIA Insd)......... 7.000    11/15/24     1,385,262
 1,000    Crawford Cnty, OH Rfdg (AMBAC Insd).......... 4.750    12/01/19     1,035,050
 1,000    Cuyahoga Cnty, OH Multi-Family Rev Hsg
          Dalebridge Apts (GNMA Collateralized)........ 6.500    10/20/20     1,053,120
   400    Cuyahoga Cnty, OH Multi-Family Rev Hsg Wtr
          Str Assoc (GNMA Collateralized).............. 6.150    12/20/26       433,492
 1,000    Cuyahoga, OH Cmnty College Dist Ser A (AMBAC
          Insd)........................................ 5.000    12/01/32     1,026,010
 1,000    Dublin, OH City Sch Dist Constr & Impt....... 5.000    12/01/16     1,078,440
 1,225    Fairfield, OH City Sch Dist (Prerefunded @
          12/01/05) (FGIC Insd)........................ 7.200    12/01/12     1,437,182
 1,000    Franklin Cnty, OH Rev Mtg Seton Square North
          Proj (FHA Gtd)............................... 6.150    10/01/18     1,024,960
 1,000    Greene Cnty, OH Swr Sys Rev Govtl Enterprise
          (AMBAC Insd)................................. 5.625    12/01/25     1,104,090
 1,000    Guernsey Cnty, OH Pub Impt (AMBAC Insd)...... 6.200    12/01/11     1,020,140
 2,025    Hamilton Cnty, OH Sales Tax Sub Ser B Cap
          Apprec (AMBAC Insd)..........................   *      12/01/23       764,235
   595    Lake Loc Sch Dist OH Wood Cap Apprec (MBIA
          Insd)........................................   *      12/01/12       413,281
</Table>

                                               See Notes to Financial Statements

                                        7


YOUR TRUST'S INVESTMENTS

April 30, 2003 (Unaudited)

<Table>
<Caption>
PAR
AMOUNT                                                                        MARKET
(000)     DESCRIPTION                                   COUPON   MATURITY     VALUE
                                                               
          OHIO (CONTINUED)
$1,000    Lakota, OH Loc Sch Dist (AMBAC Insd)......... 7.000%   12/01/09  $  1,244,780
   900    Logan Cnty, OH (Prerefunded @ 12/01/04)...... 6.250    12/01/14       989,073
 1,000    Lorain Cnty, OH Hosp Rev Catholic Hlthcare... 5.375    10/01/30     1,018,450
 1,000    Lorain Cnty, OH Hosp Rev Catholic Hlthcare
          Part Ser B (MBIA Insd)....................... 5.625    09/01/15     1,124,610
 1,000    Lorain Cnty, OH Hosp Rev EMH Regl Med Cent
          Rfdg (AMBAC Insd)............................ 7.750    11/01/13     1,161,940
 1,000    Mahoning Cnty, OH Hosp Fac Forum Hlth Oblig
          Group Ser A.................................. 6.000    11/15/32     1,038,350
   385    Marion Cnty, OH Hosp Impt Rev Cmnty Hosp
          Rfdg......................................... 6.375    05/15/11       409,721
 1,030    Marysville, OH Exmp Vlg Sch Dist Rfdg (MBIA
          Insd)........................................ 5.250    12/01/16     1,145,957
 1,000    Miami Cnty, OH Hosp Fac Rev Impt Upper Vly
          Med Cent Ser C Rfdg.......................... 6.250    05/15/13     1,054,950
 1,000    Montgomery Cnty, OH Hosp Rev Grandview Hosp &
          Med Cent Rfdg (Prerefunded @ 12/01/09)....... 5.600    12/01/11     1,168,100
 2,000    Montgomery Cnty, OH Rev Catholic Hlth
          Initiatives.................................. 6.000    12/01/26     2,175,140
 1,000    Ohio Hsg Fin Agy Single Family Mtg Rev
          (Prerefunded @ 01/15/14) (FGIC Insd).........   *      01/15/15       579,810
 1,000    Ohio Muni Elec Generation Agy Jt Venture 5
          Ctf Ben Int (MBIA Insd)......................   *      02/15/25       348,960
 1,000    Ohio Muni Elec Generation Agy Jt Venture 5
          Ctf Ben Int (MBIA Insd)......................   *      02/15/30       268,400
 1,000    Ohio St Bldg Auth St Facs Adult Correctional
          Bldg Fd Ser A (Prerefunded @ 10/01/03) (MBIA
          Insd)........................................ 6.000    10/01/08     1,040,450
   165    Ohio St Econ Dev Rev ABS Ind Inc Proj
          (Escrowed to Maturity)....................... 6.000    06/01/04       169,442
 2,000    Ohio St Univ Gen Rcpt Ser A.................. 5.000    12/01/26     2,062,160
 2,215    University Cincinatti, OH Ser F.............. 5.375    06/01/15     2,479,958
   500    University Toledo, OH Gen Recpt (FGIC
          Insd)........................................ 4.750    06/01/20       512,625
                                                                           ------------
                                                                             37,414,101
                                                                           ------------
</Table>

See Notes to Financial Statements

                                        8


YOUR TRUST'S INVESTMENTS

April 30, 2003 (Unaudited)

<Table>
<Caption>
PAR
AMOUNT                                                                        MARKET
(000)     DESCRIPTION                                   COUPON   MATURITY     VALUE
                                                               
          PUERTO RICO  7.1%
$1,500    Puerto Rico Comwlth Hwy & Trans Auth Hwy Rev
          Ser Y Rfdg (FSA Insd)........................ 6.250%   07/01/21  $  1,875,915
                                                                           ------------

          U. S. VIRGIN ISLANDS  4.3%
 1,000    Virgin Islands Pub Fin Auth Rev Gross Rcpt
          Taxes Ln Nt Ser A............................ 6.375    10/01/19     1,115,930
                                                                           ------------
TOTAL LONG-TERM INVESTMENTS  153.4%
  (Cost $36,862,302).....................................................    40,405,946
SHORT-TERM INVESTMENT  0.8%
  (Cost $210,000)........................................................       210,000
                                                                           ------------
TOTAL INVESTMENTS  154.2%
  (Cost $37,072,302).....................................................    40,615,946
OTHER ASSETS IN EXCESS OF LIABILITIES  2.7%..............................       731,621
PREFERRED SHARES (INCLUDING ACCRUED DISTRIBUTIONS)  (56.9%)..............   (15,001,443)
                                                                           ------------

NET ASSETS APPLICABLE TO COMMON SHARES  100.0%...........................  $ 26,346,124
                                                                           ============
</Table>

 * Zero coupon bond

AMBAC--AMBAC Indemnity Corp.
FGIC--Financial Guaranty Insurance Co.
FHA--Federal Housing Administration
FSA--Financial Security Assurance Inc.
GNMA--Government National Mortgage Association
LOC--Letter of Credit
MBIA--Municipal Bond Investors Assurance Corp.

                                               See Notes to Financial Statements

                                        9


FINANCIAL STATEMENTS
Statement of Assets and Liabilities
April 30, 2003 (Unaudited)

<Table>
                                                           
ASSETS:
Total Investments (Cost $37,072,302)........................  $40,615,946
Cash........................................................      156,948
Receivables:
  Interest..................................................      752,405
  Investments Sold..........................................       25,000
Other.......................................................           75
                                                              -----------
    Total Assets............................................   41,550,374
                                                              -----------
LIABILITIES:
Payables:
  Investment Advisory Fee...................................       20,264
  Affiliates................................................        3,068
  Administrative Fee........................................        1,689
Trustees' Deferred Compensation and Retirement Plans........      139,215
Accrued Expenses............................................       38,571
                                                              -----------
    Total Liabilities.......................................      202,807
Preferred Shares (including accrued distributions)..........   15,001,443
                                                              -----------
NET ASSETS APPLICABLE TO COMMON SHARES......................  $26,346,124
                                                              ===========
NET ASSET VALUE PER COMMON SHARE ($26,346,124 divided by
  1,684,374 shares outstanding).............................  $     15.64
                                                              ===========
NET ASSETS CONSIST OF:
Common Shares ($.01 par value with an unlimited number of
  shares authorized, 1,684,374 shares issued and
  outstanding)..............................................  $    16,844
Paid in Surplus.............................................   23,989,193
Net Unrealized Appreciation.................................    3,543,644
Accumulated Undistributed Net Investment Income.............      178,249
Accumulated Net Realized Loss...............................   (1,381,806)
                                                              -----------
NET ASSETS APPLICABLE TO COMMON SHARES......................  $26,346,124
                                                              ===========
PREFERRED SHARES ($.01 par value, authorized 100,000,000
  shares, 600 issued with liquidation preference of $25,000
  per share)................................................  $15,000,000
                                                              ===========

NET ASSETS INCLUDING PREFERRED SHARES.......................  $41,346,124
                                                              ===========
</Table>

See Notes to Financial Statements

                                        10


Statement of Operations
For the Six Months Ended April 30, 2003 (Unaudited)

<Table>
                                                           
INVESTMENT INCOME:
Interest....................................................  $1,065,915
                                                              ----------
EXPENSES:
Investment Advisory Fee.....................................     121,651
Preferred Share Maintenance.................................      33,935
Trustees' Fees and Related Expenses.........................      19,995
Audit.......................................................      12,392
Administrative Fee..........................................      10,138
Legal.......................................................       5,876
Custody.....................................................       1,314
Other.......................................................      31,596
                                                              ----------
    Total Expenses..........................................     236,897
                                                              ----------
NET INVESTMENT INCOME.......................................  $  829,018
                                                              ==========
REALIZED AND UNREALIZED GAIN/LOSS:
Net Realized Gain...........................................  $   71,992
                                                              ----------
Unrealized Appreciation/Depreciation:
  Beginning of the Period...................................   2,937,430
  End of the Period.........................................   3,543,644
                                                              ----------
Net Unrealized Appreciation During the Period...............     606,214
                                                              ----------
NET REALIZED AND UNREALIZED GAIN............................  $  678,206
                                                              ==========
DISTRIBUTIONS TO PREFERRED SHAREHOLDERS.....................  $  (81,115)
                                                              ==========
NET INCREASE IN NET ASSETS APPLICABLE TO COMMON SHARES FROM
  OPERATIONS................................................  $1,426,109
                                                              ==========
</Table>

                                               See Notes to Financial Statements

                                        11


Statements of Changes in Net Assets
(Unaudited)

<Table>
<Caption>
                                                    SIX MONTHS ENDED       YEAR ENDED
                                                     APRIL 30, 2003     OCTOBER 31, 2002
                                                    ------------------------------------
                                                                  
FROM INVESTMENT ACTIVITIES:
Operations:
Net Investment Income..............................   $   829,018         $ 1,688,726
Net Realized Gain..................................        71,992             629,739
Net Unrealized Appreciation/Depreciation During the
  Period...........................................       606,214            (349,459)
Distributions to Preferred Shareholders:
  Net Investment Income............................       (81,115)           (212,541)
                                                      -----------         -----------
Change in Net Assets Applicable to Common Shares
  from Operations..................................     1,426,109           1,756,465
Distributions to Common Shareholders:
  Net Investment Income............................      (788,408)         (1,422,542)
                                                      -----------         -----------

NET CHANGE IN NET ASSETS APPLICABLE TO COMMON
  SHARES FROM INVESTMENT ACTIVITIES................       637,701             333,923

FROM CAPITAL TRANSACTIONS:
Value of Common Shares Issued Through Dividend
  Reinvestment.....................................        27,480              17,921
                                                      -----------         -----------
TOTAL INCREASE IN NET ASSETS APPLICABLE TO COMMON
  SHARES...........................................       665,181             351,844

NET ASSETS APPLICABLE TO COMMON SHARES:
Beginning of the Period............................    25,680,943          25,329,099
                                                      -----------         -----------
End of the Period (Including accumulated
  undistributed net investment income of $178,249
  and $218,754, respectively)......................   $26,346,124         $25,680,943
                                                      ===========         ===========
</Table>

See Notes to Financial Statements

                                        12


Financial Highlights
(Unaudited)
THE FOLLOWING SCHEDULE PRESENTS FINANCIAL HIGHLIGHTS FOR ONE COMMON SHARE OF THE
TRUST OUTSTANDING THROUGHOUT THE PERIODS INDICATED.

<Table>
<Caption>
                                                      SIX MONTHS
                                                        ENDED
                                                      APRIL 30,     -------------------
                                                         2003       2002 (f)     2001
                                                      ---------------------------------
                                                                       
NET ASSET VALUE, BEGINNING OF THE PERIOD (a).........  $ 15.26      $ 15.06     $ 13.87
                                                       -------      -------     -------
  Net Investment Income..............................      .49         1.01         .96
  Net Realized and Unrealized Gain/Loss..............      .41          .17        1.21
  Common Share Equivalent of Distributions Paid to
  Preferred Shareholders:
    Net Investment Income............................     (.05)        (.13)       (.28)
    Net Realized Gain................................      -0-          -0-         -0-
                                                       -------      -------     -------
Total from Investment Operations.....................      .85         1.05        1.89
  Distributions Paid to Common Shareholders:
    Net Investment Income............................     (.47)        (.85)       (.70)
    Net Realized Gain................................      -0-          -0-         -0-
                                                       -------      -------     -------
NET ASSET VALUE, END OF THE PERIOD...................  $ 15.64      $ 15.26     $ 15.06
                                                       =======      =======     =======
Common Share Market Price at End of the Period.......  $ 16.31      $ 14.85     $ 13.91
Total Return (b).....................................   13.23%*      13.09%      21.51%
Net Assets Applicable to Common Shares at End of the
  Period (In millions)...............................  $  26.3      $  25.7     $  25.3
Ratio of Expenses to Average Net Assets Applicable to
  Common Share (c)...................................    1.85%        1.83%       2.10%
Ratio of Net Investment Income to Average Net Assets
  Applicable to Common Shares (c)....................    6.46%        6.73%       6.66%
Portfolio Turnover...................................       5%*         33%         26%
SUPPLEMENTAL RATIOS:
Ratio of Expenses to Average Net Assets Including
  Preferred Shares (c)...............................    1.17%        1.15%       1.30%
Ratio of Net Investment Income to Average Net Assets
  Applicable to Common Shares (d)....................    5.83%        5.88%       4.71%
SENIOR SECURITIES:
Total Preferred Shares Outstanding...................      600          600         600
Asset Coverage Per Preferred Share (e)...............  $68,913      $67,806     $67,215
Involuntary Liquidating Preference Per Preferred
  Share..............................................  $25,000      $25,000     $25,000
Average Market Value Per Preferred Share.............  $25,000      $25,000     $25,000
</Table>

 * Non-Annualized

** Amount is less than $.01.

(a) Net Asset Value at April 30, 1993, is adjusted for common and preferred
    share offering costs of $.417 per common share.

(b) Total return assumes an investment at the common share market price at the
    beginning of the period indicated, reinvestment of all distributions for the
    period in accordance with the Trust's dividend reinvestment plan, and sale
    of all shares at the closing common share market price at the end of the
    period indicated.

(c) Ratios do not reflect the effect of dividend payments to preferred
    shareholders.

(d) Ratios reflect the effect of dividend payments to preferred shareholders.

(e) Calculated by subtracting the Trust's total liabilities (not including the
    preferred shares) from the Trust's total assets and dividing this by the
    number of preferred shares outstanding.

(f) As required, effective November 1, 2001, the Fund has adopted the provisions
    of the AICPA Audit and Accounting Guide for Investment Companies and began
    accreting market discount on fixed income securities. The effect of this
    change for the year ended October 31, 2002 was to increase net investment
    income per share by $.01, decrease net realized and unrealized gains and
    losses per share by $.01 and increase the ratio of net investment income to
    average net assets applicable to common shares by .05%. Per share, ratios
    and supplemental data for periods prior to October 31, 2002 have not been
    restated to reflect this change in presentation.

                                        13


<Table>
<Caption>
                                                                                OCTOBER 31, 1993
YEAR ENDED OCTOBER 31,                                                            (COMMENCEMENT
- -----------------------------------------------------------------------------   OF OPERATIONS) TO
      2000      1999       1998       1997       1996       1995       1994      APRIL 30, 1993
- -------------------------------------------------------------------------------------------------
                                                        
    $  13.98   $ 15.72   $  15.16   $  14.48   $  14.32   $  12.36   $  15.60       $  14.58
    --------   -------   --------   --------   --------   --------   --------       --------
        1.07      1.00        .99        .99       1.00        .98       1.01            .38
        (.08)    (1.75)       .56        .64        .09       2.02      (3.25)           .95
        (.35)     (.28)      (.29)      (.29)      (.29)      (.33)      (.22)          (.06)
         -0-       -0-        -0-        -0-        -0-        -0-        -0-**          -0-
    --------   -------   --------   --------   --------   --------   --------       --------
         .64     (1.03)      1.26       1.34        .80       2.67      (2.46)          1.27
        (.75)     (.71)      (.70)      (.66)      (.64)      (.71)      (.77)          (.25)
         -0-       -0-        -0-        -0-        -0-        -0-       (.01)           -0-
    --------   -------   --------   --------   --------   --------   --------       --------
    $  13.87   $ 13.98   $  15.72   $  15.16   $  14.48   $  14.32   $  12.36       $  15.60
    ========   =======   ========   ========   ========   ========   ========       ========
    $12.0625   $ 12.25   $13.9375   $12.9375   $  11.75   $  11.75   $ 11.125       $ 14.875
       4.64%    -7.52%     13.24%     16.19%      5.55%     12.04%    -20.59%           .89%
    $   23.3   $  23.5   $   26.4   $   25.5   $   24.3   $   24.1   $   20.8       $   26.2
       2.11%     2.06%      2.12%      2.23%      2.29%      2.39%      2.20%          2.13%
       7.67%     6.62%      6.42%      6.75%      7.02%      7.35%      7.16%          5.00%
         20%       17%        18%        17%        41%        45%        56%            17%
       1.29%     1.29%      1.34%      1.39%      1.41%      1.44%      1.35%          1.60%
       5.17%     4.74%      4.51%      4.78%      4.95%      4.89%      5.57%          4.19%
         600       600        300        300        300        300        300            300
    $ 63,870   $64,181   $138,124   $134,988   $131,142   $130,243   $119,270       $137,426
    $ 25,000   $25,000   $ 50,000   $ 50,000   $ 50,000   $ 50,000   $ 50,000       $ 50,000
    $ 25,000   $25,000   $ 50,000   $ 50,000   $ 50,000   $ 50,000   $ 50,000       $ 50,000
</Table>

See Notes to Financial Statements

                                        14


NOTES TO
FINANCIAL STATEMENTS

April 30, 2003 (Unaudited)

1. SIGNIFICANT ACCOUNTING POLICIES

Van Kampen Ohio Value Municipal Income Trust (the "Trust") is registered as a
non-diversified, closed-end management investment company under the Investment
Company Act of 1940, as amended. The Trust's investment objective is to provide
a high level of current income exempt from federal and Ohio income taxes,
consistent with preservation of capital. The Trust will invest substantially all
of its assets in Ohio municipal securities rated investment grade at the time of
investment. The Trust commenced investment operations on April 30, 1993.

    The following is a summary of significant accounting policies consistently
followed by the Trust in the preparation of its financial statements. The
preparation of financial statements in conformity with accounting principles
generally accepted in the United States of America requires management to make
estimates and assumptions that affect the reported amounts of assets and
liabilities and disclosure of contingent assets and liabilities at the date of
the financial statements and the reported amounts of revenues and expenses
during the reporting period. Actual results could differ from those estimates.

A. SECURITY VALUATION Municipal bonds are valued by independent pricing services
or dealers using the mean of the bid and asked prices or, in the absence of
market quotations, at fair value based upon yield data relating to municipal
bonds with similar characteristics and general market conditions. Securities
which are not valued by independent pricing services or dealers are valued at
fair value using procedures established in good faith by the Board of Trustees.
Short-term securities with remaining maturities of 60 days or less are valued at
amortized cost, which approximates market value.

B. SECURITY TRANSACTIONS Security transactions are recorded on a trade date
basis. Realized gains and losses are determined on an identified cost basis. The
Trust may purchase and sell securities on a "when-issued" or "delayed delivery"
basis with settlement to occur at a later date. The value of the security so
purchased is subject to market fluctuations during this period. The Trust will
maintain, in a segregated account with its custodian, assets having an aggregate
value at least equal to the amount of the when-issued or delayed delivery
purchase commitments until payment is made. At April 30, 2003, there were no
when-issued and delayed delivery purchase commitments.

C. INVESTMENT INCOME Interest income is recorded on an accrual basis. Bond
premium is amortized and discount is accreted over the expected life of each
applicable security.

                                        15


NOTES TO
FINANCIAL STATEMENTS

April 30, 2003 (Unaudited)

D. FEDERAL INCOME TAXES It is the Trust's policy to comply with the requirements
of the Internal Revenue Code applicable to regulated investment companies and to
distribute substantially all of its taxable income to its shareholders.
Therefore, no provision for federal income taxes is required.

    The Trust intends to utilize provisions of the federal income tax laws which
allow it to carry a realized capital loss forward for eight years following the
year of the loss and offset such losses against any future realized capital
gains. At October 31, 2002, the Trust had an accumulated capital loss
carryforward for tax purposes of $1,412,001 which will expire between October
31, 2003 and October 31, 2009. Of this amount, $483,916 will expire on October
31, 2003.

    At April 30, 2003, the cost and related gross unrealized appreciation and
depreciation are as follows:

<Table>
                                                             
Cost of investments for tax purposes........................    $37,089,933
                                                                ===========
Gross tax unrealized appreciation...........................    $ 3,533,430
Gross tax unrealized depreciation...........................         (7,417)
                                                                -----------
Net tax unrealized appreciation on investments..............    $ 3,526,013
                                                                ===========
</Table>

E. DISTRIBUTION OF INCOME AND GAINS The Trust declares and pays monthly
dividends from net investment income to common shareholders. Net realized gains,
if any, are distributed annually on a pro rata basis to common and preferred
shareholders. Distributions from net realized gains for book purposes may
include short-term capital gains, which are included as ordinary income for tax
purposes.

    As of October 31, 2002, the components of distributable earnings on a tax
basis were as follows:

<Table>
                                                             
Undistributed ordinary income...............................    $12,941
</Table>

    Net realized gains or losses may differ for financial reporting purposes and
tax reporting purposes as a result of the deferral of losses relating to wash
sale transactions.

2. INVESTMENT ADVISORY AGREEMENT AND
OTHER TRANSACTIONS WITH AFFILIATES

Under the terms of the Trust's Investment Advisory Agreement, Van Kampen
Investment Advisory Corp. ("the Adviser") will provide investment advice and
facilities to the Trust for an annual fee payable monthly of .60% of the average
daily net assets of the Trust. In addition, the Trust will pay a monthly
administrative fee to Van Kampen Investments Inc. or its affiliates
(collectively "Van Kampen"), the Trust's Administrator, at an annual rate of
..05% of the average daily net assets of the Trust.

                                        16


NOTES TO
FINANCIAL STATEMENTS

April 30, 2003 (Unaudited)

The administrative services provided by the Administrator include record keeping
and reporting responsibilities with respect to the Trust's portfolio and
preferred shares and providing certain services to shareholders.

    For the six months ended April 30, 2003, the Trust recognized expenses of
approximately $1,500 representing legal services provided by Skadden, Arps,
Slate, Meagher & Flom (Illinois), counsel to the Trust, of which a trustee of
the Trust is an affiliated person.

    Under separate Accounting Services and Legal Services agreements, the
Adviser provides accounting and legal services to the Trust. The Adviser
allocates the cost of such services to each trust. For the six months ended
April 30, 2003, the Trust recognized expenses of approximately $10,700
representing Van Kampen's cost of providing accounting and legal services to the
Trust, which are reported as part of "Other" and "Legal" expenses, respectively,
in the Statement of Operations.

    Certain officers and trustees of the Trust are also officers and directors
of Van Kampen. The Trust does not compensate its officers or trustees who are
officers of Van Kampen.

    The Trust provides deferred compensation and retirement plans for its
trustees who are not officers of Van Kampen. Under the deferred compensation
plan, trustees may elect to defer all or a portion of their compensation to a
later date. Benefits under the retirement plan are payable upon retirement for a
ten-year period and are based upon each trustee's years of service to the Trust.
The maximum annual benefit per trustee under the plan is $2,500.

3. CAPITAL TRANSACTIONS

At April 30, 2003 and October 31, 2002, paid in surplus related to common shares
aggregated $23,989,193 and $23,961,731, respectively.

    Transaction in common shares were as follows:

<Table>
<Caption>
                                                    SIX MONTHS ENDED       YEAR ENDED
                                                     APRIL 30, 2003     OCTOBER 31, 2002
                                                    ----------------    ----------------
                                                                  
Beginning Shares..................................     1,682,608           1,681,438
Shares Issued Through Dividend Reinvestment.......         1,766               1,170
                                                       ---------           ---------
Ending Shares.....................................     1,684,374           1,682,608
                                                       =========           =========
</Table>

4. INVESTMENT TRANSACTIONS

During the period, the cost of purchases and proceeds from sales of investments,
excluding short-term investments, were $1,962,750 and $2,298,126, respectively.

                                        17


NOTES TO
FINANCIAL STATEMENTS

April 30, 2003 (Unaudited)

5. DERIVATIVE FINANCIAL INSTRUMENTS

A derivative financial instrument in very general terms refers to a security
whose value is "derived" from the value of an underlying asset, reference rate
or index.

    The Trust may seek to manage the portfolio's interest rate exposure in a
changing interest rate environment by engaging in transactions involving
interest rate swaps, caps, floors or collars. The Trust expects to enter into
these transactions primarily as a hedge against anticipated interest rate or
fixed-income market changes, for duration management purposes or for risk
management purposes but may also enter into these transactions to generate
additional income. Risks may arise as a result of the potential inability of the
counterparties to meet the terms of their contracts or agreements. During the
six months ended April 30, 2003, the Trust did not enter into any of these
transactions.

6. PREFERRED SHARES

The Trust has outstanding 600 Auction Preferred Shares ("APS"). Dividends are
cumulative and the dividend rate is generally reset every seven days through an
auction process. The rate in effect on April 30, 2003 was 1.170%. During the six
months ended April 30, 2003, the rates ranged from 0.600% to 1.570%.

    The Trust pays annual fees equivalent to .25% of the preferred share
liquidation value for the remarketing efforts associated with the preferred
auctions. These fees are included as a component of "Preferred Share
Maintenance" expense in the Statement of Operations.

    The APS are redeemable at the option of the Trust in whole or in part at the
liquidation value of $25,000 per share plus accumulated and unpaid dividends.
The Trust is subject to certain asset coverage tests and the APS are subject to
mandatory redemption if the tests are not met.

                                        18


DIVIDEND REINVESTMENT PLAN

    The Trust offers a dividend reinvestment plan (the "Plan") pursuant to which
Common Shareholders may elect to have dividends and capital gains distributions
reinvested in Common Shares of the Trust. The Trust declares dividends out of
net investment income, and will distribute annually net realized capital gains,
if any. Common Shareholders may join or withdraw from the Plan at any time.

    If you decide to participate in the Plan, State Street Bank and Trust
Company, as your Plan Agent, will automatically invest your dividends and
capital gains distributions in Common Shares of the Trust for your account.

HOW TO PARTICIPATE

    If you wish to participate and your shares are held in your own name, call
1-800-341-2929 for more information and a Plan brochure. If your shares are held
in the name of a brokerage firm, bank, or other nominee, you should contact your
nominee to see if it would participate in the Plan on your behalf. If you wish
to participate in the Plan, but your brokerage firm, bank or nominee is unable
to participate on your behalf, you should request that your shares be
re-registered in your own name which will enable your participation in the Plan.

HOW THE PLAN WORKS

    Participants in the Plan will receive the equivalent in Common Shares valued
on the valuation date, generally at the lower of market price or net asset
value, except as specified below. The valuation date will be the dividend or
distribution payment date or, if that date is not a trading day on the national
securities exchange or market system on which the Common Shares are listed for
trading, the next preceding trading day. If the market price per Common Share on
the valuation date equals or exceeds net asset value per Common Share on that
date, the Trust will issue new Common Shares to participants valued at the
higher of net asset value or 95% of the market price on the valuation date. In
the foregoing situation, the Trust will not issue Common Shares under the Plan
below net asset value. If net asset value per Common Share on the valuation date
exceeds the market price per Common Share on that date, or if the Board of
Trustees should declare a dividend or capital gains distribution payable to the
Common Shareholders only in cash, participants in the Plan will be deemed to
have elected to receive Common Shares from the Trust valued at the market price
on that date. Accordingly, in this circumstance, the Plan Agent will, as agent
for the participants, buy the Trust's Common Shares in the open market for the
participants' accounts on or shortly after the payment date. If, before the Plan
Agent has completed its purchases, the market price exceeds the net asset value
per share of the Common Shares, the average per share purchase price paid by the
Plan Agent may exceed the net asset value of the Trust's Common Shares,
resulting in

                                        19


the acquisition of fewer Common Shares than if the dividend or distribution had
been paid in Common Shares issued by the Trust. All reinvestments are in full
and fractional Common Shares and are carried to three decimal places.

    Experience under the Plan may indicate that changes are desirable.
Accordingly, the Trust reserves the right to amend or terminate the Plan as
applied to any dividend or distribution paid subsequent to written notice of the
changes sent to all Common Shareholders of the Trust at least 90 days before the
record date for the dividend or distribution. The Plan also may be amended or
terminated by the Plan Agent by at least 90 days written notice to all Common
Shareholders of the Trust.

COSTS OF THE PLAN

    The Plan Agent's fees for the handling of the reinvestment of dividends and
distributions will be paid by the Trust. However, each participant will pay a
pro rata share of brokerage commissions incurred with respect to the Plan
Agent's open market purchases in connection with the reinvestment of dividends
and distributions. No other charges will be made to participants for reinvesting
dividends or capital gains distributions, except for certain brokerage
commissions, as described above.

TAX IMPLICATIONS

    You will receive tax information annually for your personal records and to
help you prepare your federal income tax return. The automatic reinvestment of
dividends and capital gains distributions does not relieve you of any income tax
which may be payable on dividends or distributions.

RIGHT TO WITHDRAW

    Plan participants may withdraw at any time by calling 1-800-341-2929 or by
writing State Street Bank and Trust Company, P.O. Box 8200, Boston, MA
02266-8200. If you withdraw, you will receive, without charge, a share
certificate issued in your name for all full Common Shares credited to your
account under the Plan and a cash payment will be made for any fractional Common
Share credited to your account under the Plan. You may again elect to
participate in the Plan at any time by calling 1-800-341-2929 or writing to the
Trust at:

       Van Kampen Funds Inc.
        Attn: Closed-End Funds
         2800 Post Oak Blvd.
          Houston, TX 77056

                                        20


BOARD OF TRUSTEES AND IMPORTANT ADDRESSES
VAN KAMPEN OHIO VALUE MUNICIPAL
INCOME TRUST

BOARD OF TRUSTEES

DAVID C. ARCH
ROD DAMMEYER
HOWARD J KERR
THEODORE A. MYERS
RICHARD F. POWERS, III* - Chairman
HUGO F. SONNENSCHEIN
WAYNE W. WHALEN*

INVESTMENT ADVISER

VAN KAMPEN INVESTMENT ADVISORY CORP.
1 Parkview Plaza
P.O. Box 5555
Oakbrook Terrace, IL 60181-5555

CUSTODIAN AND TRANSFER AGENT

STATE STREET BANK
AND TRUST COMPANY
c/o EquiServe
P.O. Box 43011
Providence, Rhode Island 02940-3011

LEGAL COUNSEL

SKADDEN, ARPS, SLATE,
MEAGHER & FLOM (ILLINOIS)
333 West Wacker Drive
Chicago, Illinois 60606

INDEPENDENT AUDITORS

DELOITTE & TOUCHE LLP
180 North Stetson Avenue
Chicago, Illinois 60601

*   "Interested persons" of the Trust, as defined in the Investment Company Act
    of 1940, as amended.

                                        21


Van Kampen
Privacy Notice


The Van Kampen companies and investment products* respect your right to privacy.
We also know that you expect us to conduct and process your business in an
accurate and efficient manner. To do so, we must collect and maintain certain
nonpublic personal information about you. This is information we collect from
you on applications or other forms, and from the transactions you make with us,
our affiliates, or third parties. We may also collect information you provide
when using our web site, and text files (a.k.a. "cookies") may be placed on your
computer to help us to recognize you and to facilitate transactions you
initiate. We do not disclose any nonpublic personal information about you or any
of our former customers to anyone, except as permitted by law. For instance, so
that we may continue to offer you Van Kampen investment products and services
that meet your investing needs, and to effect transactions that you request or
authorize, we may disclose the information we collect to companies that perform
services on our behalf, such as printers and mailers that assist us in the
distribution of investor materials. These companies will use this information
only for the services for which we hired them, and are not permitted to use or
share this information for any other purpose. To protect your nonpublic personal
information internally, we permit access to it only by authorized employees, and
maintain physical, electronic and procedural safeguards to guard your nonpublic
personal information.

* Includes Van Kampen Investments Inc., Van Kampen Investment Advisory Corp.,
  Van Kampen Asset Management Inc., Van Kampen Advisors Inc., Van Kampen
  Management Inc., Van Kampen Funds Inc., Van Kampen Investor Services Inc., Van
  Kampen Trust Company, Van Kampen System Inc. and Van Kampen Exchange Corp., as
  well as the many Van Kampen mutual funds and Van Kampen unit investment
  trusts.

Van Kampen Funds Inc.
1 Parkview Plaza, P.O. Box 5555
Oakbrook Terrace, IL 60181-5555
www.vankampen.com

                         [VAN KAMPEN INVESTMENTS LOGO]
Copyright (C)2003 Van Kampen Funds Inc. All rights reserved.
VOV SAR 6/03                                                   Member NASD/SIPC.
                                                                11173F03-AS-6/03

Item 2.  Code of Ethics.

Not applicable for semi-annual reports.

Item 3.  Audit Committee Financial Expert.

Not applicable for semi-annual reports.

Item 4.  Principal Accountant Fees and Services.

Not applicable for semi-annual reports.

Item 5.  Audit Committee of Listed Registrants.

Not applicable for semi-annual reports.

Item 6.  [Reserved.]

Item 7.  Disclosure of Proxy Voting Policies and Procedures for Closed-End
Management Investment Companies.

Not applicable for semi-annual reports.

Item 8.  [Reserved.]

Item 9.

The Trust's principal executive officer and principal financial officer have
concluded that the Trust's disclosure controls and procedures are sufficient to
ensure that information required to be disclosed by the Trust in this Form N-CSR
was recorded, processed, summarized and reported within the time periods
specified in the Securities and Exchange Commission's rules and forms, based
upon such officers' evaluation of these controls and procedures as of a date
within 90 days of the filing date of the report.

There were no significant changes or corrective actions with regard to
significant deficiencies or material weaknesses in the Trust's internal controls
or in other factors that could significantly affect the Trust's internal
controls subsequent to the date of their evaluation.

Item 10.  Exhibits.

(a)  Code of Ethics - Not applicable for semi-annual reports.

(b) Certifications of Principal Executive Officer and Principal Financial
Officer attached hereto as part of EX-99.CERT.



SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the
Investment Company Act of 1940, the registrant has duly caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant) Van Kampen Ohio Value Municipal Income Trust
             -------------------------------------------------------------------

By: /s/ Ronald E. Robison
    ----------------------------------------------------------------------------
Name: Ronald E. Robison
Title: Principal Executive Officer
Date: June 23, 2003

Pursuant to the requirements of the Securities Exchange Act of 1934 and the
Investment Company Act of 1940, this report has been signed by the following
persons on behalf of the registrant and in the capacities and on the dates
indicated.

By: /s/ Ronald E. Robison
    ----------------------------------------------------------------------------
Name: Ronald E. Robison
Title: Principal Executive Officer
Date: June 23, 2003

By: /s/ John L. Sullivan
    ----------------------------------------------------------------------------
Name: John Sullivan
Title: Principal Financial Officer
Date: June 23, 2003