EX-99.(M)(2) 32 c22038a2exv99wxmyx2y.txt FORM OF SHAREHOLDER ASSISTANCE AGREEMENT EXHIBIT (m)(2) FORM OF VAN KAMPEN FUNDS INC. SHAREHOLDER ASSISTANCE AGREEMENT This Agreement is entered into as of the _____ day of _____, 199__, by and between Van Kampen FUNDS Inc. (the "Company") and the undersigned (the "Broker-Dealer"). WHEREAS, the Company is the principal underwriter of the open-end investment companies listed on Schedule 1 to this Agreement (hereinafter individually the "Fund" or collectively the "Funds"); and WHEREAS, the Broker-Dealer is registered as a broker-dealer with the National Association of Securities Dealers, Inc.; and WHEREAS, each respective Fund has adopted a Distribution Plan (the "Distribution Plan") and a service plan (the "Service Plan") pursuant to Rule 12b-1 (the "Rule") under the Investment Company Act of 1940, as amended (the "1940 Act"), relating to such Fund, the Distribution Plans being described in the Fund's Prospectus and Statement of Additional Information; and WHEREAS, each respective Fund's Distribution Plans authorize the Company to enter into distribution assistance agreements such as this Agreement with broker-dealers selected by the Company, and the Broker-Dealer has been so selected; and WHEREAS, each respective Fund's Distribution Plans authorize the Company to make payments at a rate specified in an agreement such as this Agreement varying directly with the aggregate average daily net asset value of shares of each respective Fund sold by such broker-dealer on or after the effective date of this Agreement, as determined pursuant to Section 4 hereof, and held at the close of each day in accounts of clients or customers of a particular broker-dealer, such amount being referred to herein as the "Holding Level"; for purposes of calculating the Holding Level, shares of such Fund which are redeemed or otherwise disposed of from any account existing prior to such effective date shall be deemed to have been shares sold prior to such effective date to the extent of the number of shares held in such account immediately after the close of business on the day prior to such effective date; and WHEREAS, this Agreement is a "related agreement" to the Distribution Plan as that term is used in the Rule and is subject to all of the provisions of the Rule as to such agreements; NOW, THEREFORE, the Company and the Broker-Dealer agree as follows: 1. Subject to continuing compliance with its obligations pursuant to Section 2 hereof, the Broker-Dealer shall be entitled distribution fee and service fee to payments, if any, to be paid by the Company at the annual percentage rate of the Holding Level set forth from time to time in the then current Prospectus of the Fund on a quarterly basis (prorated for any portion of such period during which this Agreement is in effect for less than the full amount of such period); it is understood and agreed that the Company may make final and binding determinations as to whether such continuing compliance and as to whether or not any Fund shares are to be considered in determining the Holding Level of any particular broker-dealer and what Fund shares, if any, are to be attributed to such purpose to a particular broker-dealer, to a different broker-dealer or to no broker-dealer. Payments shall be made to the Broker-Dealer named above and portions of the payments may be, in the discretion of the Broker-Dealer, 1 paid over to individual registered representatives of said Broker-Dealer to whom there have been assigned accounts of clients or customers of the Broker-Dealer with respect to which the respective Holding Level was determined. 2. The distribution fee payments with respect to a class of the Fund's shares to be made in accordance with Section 1 hereof, if any, shall be paid to the Broker-Dealer as compensation for selling shares of the respective class. 3. In consideration for the service fee payments to be made in accordance with Section 1 hereof, the Broker-Dealer shall provide to its clients or customers who hold shares of each respective Fund with respect to which payments to the Broker-dealer may be made under such Fund's Distribution Plan such services and other assistance as may from time to time be reasonably requested by the Company, including but not limited to answering inquiries regarding the Fund, providing information programs regarding the fund, assisting in selected dividend payment options, account designations and addresses and maintaining the investment of such customer or client in the Fund. 4. The Company shall have the right at any time and from time to time without notice to the Broker-Dealer to amend its Prospectus with respect to the amount of the service free and the amount of the distribution fee to be paid pursuant hereto. Such amendments shall be effective as of the date of the amended Prospectus. 5. This Agreement shall go into effect on the later of the date set forth above or the date on which it is approved by a vote of each Fund's Board of Directors (or Trustees, as the case may be), and of those Directors/Trustees (the "Qualified Directors/Trustees") who are not interested persons (as defined in the 1940 Act), of the Fund and have no direct or indirect financial interest in the operations of the Distribution Plan or any agreement related to the Distribution Plan cast in person at a meeting called for the purpose of voting on this Agreement and shall continue in effect (unless terminated) until the June 30th next succeeding such effective date and will continue thereafter only if such continuance is specifically approved at least annually in the manner heretofore specified for initial approval. This agreement will terminate automatically in the event of its assignment (as that term is used in the Rule) or if the Distribution Plan is terminated. This Agreement may also be terminated at any time, without the payment of any penalty, on sixty (60) days written notice to the Broker-dealer, by vote of a majority of the Qualified Directors/Trustees or by vote of a majority (as that term is used in the Rule) of the outstanding voting securities of the Fund. IN WITNESS WHEREOF, this Agreement is executed as of the date first above written. VAN KAMPEN FUNDS INC. ------------------------------------- Broker-dealer Firm Name ------------------------------------- By: Firm Address ------------------------------------ Senior Vice President By: --------------------------------- Title: ------------------------------ 2