N-Q 1 c89695nvq.txt QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANIES Investment Company Act file number 811-0261 Van Kampen Exchange Fund -------------------------------------------------------------------------------- (Exact name of registrant as specified in charter) 1221 Avenue of the Americas, New York, New York 10020 -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip code) Ronald Robison 1221 Avenue of the Americas, New York, New York 10020 -------------------------------------------------------------------------------- (Name and address of agent for service) Registrant's telephone number, including area code: 212-762-4000 Date of fiscal year end: 12/31 Date of reporting period: 9/30/04 Item 1. Schedule of Investments. The Fund's schedule of investments as of the close of the reporting period prepared pursuant to Rule 12-12 of Regulation S-X is as follows: VAN KAMPEN EXCHANGE FUND PORTFOLIO OF INVESTMENTS SEPTEMBER 30, 2004 (UNAUDITED)
NUMBER OF DESCRIPTION SHARES VALUE COMMON STOCKS 98.8% AEROSPACE & DEFENSE 0.7% Honeywell International, Inc. 12,528 $ 449,254 ------------------- ALUMINUM 0.9% Alcan, Inc. (Canada) 10,774 514,997 ------------------- AUTO PARTS & EQUIPMENT 0.4% Dana Corp. 13,677 241,946 ------------------- COMPUTER HARDWARE 2.1% International Business Machines Corp. 15,016 1,287,472 ------------------- CONSTRUCTION & ENGINEERING 0.9% Fluor Corp. 12,831 571,236 ------------------- DIVERSIFIED BANKS 1.5% HSBC Holdings PLC - ADR (United Kingdom) 11,434 912,433 ------------------- DIVERSIFIED METALS & MINING 0.6% Massey Energy Corp. 12,831 371,201 ------------------- FOREST PRODUCTS 1.1% Louisiana-Pacific Corp. 25,970 673,922 ------------------- HEALTH CARE DISTRIBUTORS 0.1% Cardinal Health, Inc. 1,867 81,719 ------------------- HEALTH CARE EQUIPMENT 0.6% Baxter International, Inc. 10,000 321,600 Edwards Lifesciences Corp. (a) 1,000 33,500 ------------------- 355,100 ------------------- HEALTH CARE SERVICES 0.3% Medco Health Solutions, Inc. (a) 6,075 187,718 ------------------- INDUSTRIAL GASES 8.0% Air Products & Chemicals, Inc. 89,021 4,840,962 ------------------- INDUSTRIAL MACHINERY 0.8% SPX Corp. 13,648 483,139 ------------------- INTEGRATED OIL & GAS 13.3% Amerada Hess Corp. 21,200 1,886,800 BP PLC - ADR (United Kingdom) 33,876 1,948,886 Exxon Mobil Corp. 86,639 4,187,263 ------------------- 8,022,949 ------------------- MULTI-LINE INSURANCE 4.7% American International Group, Inc. 41,688 2,834,367 ------------------- OFFICE SERVICES & SUPPLIES 1.7% IKON Office Solutions, Inc. 86,993 1,045,656 ------------------- OIL & GAS DRILLING 0.2% Transocean, Inc. (Cayman Islands) (a) 3,113 111,383 ------------------- OIL & GAS EQUIPMENT & SERVICES 5.3% Baker Hughes, Inc. 25,634 1,120,719 Halliburton Co. 30,320 1,021,481 Schlumberger Ltd. (Netherlands Antilles) 16,080 1,082,345 ------------------- 3,224,545 -------------------
OIL & GAS EXPLORATION & PRODUCTION 3.2% Apache Corp. 26,346 1,320,198 Kerr-McGee Corp. 10,900 624,025 ------------------- 1,944,223 ------------------- PACKAGED FOODS 5.5% McCormick & Co., Inc. 96,518 3,314,428 ------------------- PAPER PRODUCTS 2.2% Georgia-Pacific Corp. 37,376 1,343,667 ------------------- PHARMACEUTICALS 28.0% Johnson & Johnson 78,636 4,429,566 Merck & Co., Inc. 50,376 1,662,408 Pfizer, Inc. 189,577 5,801,056 Schering-Plough Corp. 156,022 2,973,779 Wyeth 56,000 2,094,400 ------------------- 16,961,209 ------------------- REAL ESTATE INVESTMENT TRUSTS 1.5% Plum Creek Timber Co., Inc. REIT 25,602 896,838 ------------------- RESTAURANTS 0.2% Luby's Cafeterias, Inc. (a) 13,367 88,222 ------------------- SEMICONDUCTORS 9.7% Intel Corp. 291,662 5,850,740 ------------------- SPECIALTY CHEMICALS 5.3% International Flavors & Fragrances, Inc. 49,712 1,898,998 Lubrizol Corp. 37,620 1,301,652 ------------------- 3,200,650 ------------------- TOTAL LONG-TERM INVESTMENTS 98.8% (Cost $6,838,402) 59,809,976 REPURCHASE AGREEMENT 1.3% State Street Bank & Trust Co. ($801,000 par collateralized by U.S. Government obligations in a pooled cash account, interest rate of 1.82%, dated 09/30/04, to be sold on 10/01/04 at $801,041) 801,000 (Cost $801,000) ------------------- TOTAL INVESTMENTS 100.1% (Cost $7,639,402) 60,610,976 LIABILITIES IN EXCESS OF OTHER ASSETS (0.1%) (46,556) ------------------- NET ASSETS 100.0% $60,564,420 ===================
Percentages are calculated as a percentage of net assets. (a) Non-income producing security as this stock currently does not declare dividends. ADR - American Depositary Receipt REIT - Real Estate Investment Trust Item 2. Controls and Procedures. (a) The Fund's principal executive officer and principal financial officer have concluded that the Fund's disclosure controls and procedures are sufficient to ensure that information required to be disclosed by the Fund in this Form N-Q 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. (b) There were no changes in the Fund's internal control over financial reporting that occurred during the registrant's fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Fund's internal control over financial reporting. Item 3. Exhibits. (a) A certification for the Principal Executive Officer of the registrant is attached hereto as part of EX-99.cert. (b) A certification for the Principal Financial Officer of the registrant is 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 Exchange Fund By: /s/ Ronald E. Robison --------------------- Name: Ronald E. Robison Title: Principal Executive Officer Date: November 19, 2004 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: November 19, 2004 By: /s/ James M. Dykas ------------------ Name: James M. Dykas Title: Principal Financial Officer Date: November 19, 2004