X0201 42003-09-0100000877463VAN KAMPEN MUNICIPAL TRUST VKQ0001198982SONNENSCHEIN HUGOUNIVERSITY OF CHICAGO1126 E. 59TH STREET -- SS 507CHICAGOIL606371000Phantom Stock Units02003-09-014J022001.86715.38D1988-08-081988-08-08Common Stock22001.8670DPhantom stock units were accrued under the VKQ directors' deferred compensation plan and are to be settled 100% in cash, in generally equal annual installments over a period of five (5) years beginning on the date of the Director's retirement or disability, except that the Board of Directors, in its sole discretion, may accelerate or extend the distribution.1 for 1The equivalent dollar amount of the phantom stock units are being rolled over into other eligible products in the director's deferred compensation plan./s/ Hugo Sonnenschein2003-09-02