September 27, 2004

Van Kampen Closes High Yield Muni Fund

Sept. 24, 2004 -- The Van Kampen High Yield Municipal/A (ACTHX) will close to new investors on Tuesday to keep its assets from increasing to the point where they can hurt its performance.

The fund had total assets of about $4 billion at the end of last month.

Van Kampen may reopen the fund "as market conditions permit," the company said in a regulatory filing on Thursday.

The fund returned 3.7% this year through August, compared to 2.8% for the average national municipal high yield bond fund.

The portfolio is ranked 4 Stars by Standard & Poor's.

Contact Bob Keane with questions or comments at: bkeane@investmentadvisor.com.

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