Item 77E
     Legal Matters

     The Adviser and certain affiliates of the Adviser are
named as defendants in a derivative action which
additionally names as defendants certain individual trustees
of certain Van Kampen funds.  The named investment
companies, including the Fund, are listed as nominal
defendants.  The complaint alleges that defendants caused
the Van Kampen funds to pay economic incentives to a
proprietary sales force to promote the sale of Van Kampen
funds.  The complaint also alleges that the Van Kampen funds
paid excessive commissions to Morgan Stanley and its
affiliates in connection with the sales of the funds.  The
complaint seeks, among other things, the removal of the
current trustees of the funds, rescission of the management
contracts for the funds, disgorgement of profits by Morgan
Stanley and its affiliates and monetary damages.  This
derivative action was coordinated with a direct action
alleging related violations of defendants' statutory
disclosure obligations and fiduciary duties with respect to
the payments described above.  In addition, this derivative
action was stayed by agreement of the parties pending
rulings on the motion to dismiss the direct action and the
motion to dismiss another derivative action brought by the
same plaintiff that brought this derivative action, alleging
market timing and late trading in the Van Kampen funds.  In
April 2006, the court granted defendants' motion to dismiss
the direct action.  In June 2006, the court granted
defendants' motion to dismiss the market timing action.
Accordingly, the stay on this action was lifted.  Plaintiff
and defendants have agreed that this action should be
dismissed in light of the rulings dismissing the two cases
discussed above.  The Court has approved a notice to
shareholders regarding the dismissal, which is located at
the back of this Report.