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Van Kampen Growth and Income Fund Celebrates 60th Anniversary.


CHICAGO -- Van Kampen Van Kampen may refer to:
  • Seifert–van Kampen theorem, sometimes just called van Kampen's theorem, which describes an aspect of algebraic topology.
*Egbert van Kampen, the mathematician who devised the theorem
 Funds Inc., a subsidiary of Van Kampen Investments Van Kampen Investments, Inc. (also Van Kampen Funds, Inc. or Van Kampen American Capital) is a respected mutual fund company. It has been a wholly owned subsidiary of Morgan Stanley[1] since its acquisition in 1996.  Inc. (Van Kampen), announced today that Van Kampen Growth and Income Fund (NYSE NYSE

See: New York Stock Exchange
: ACGIX), Van Kampen's oldest equity fund, marked its 60th anniversary.

Van Kampen Growth and Income Fund gives investors access to a classic stock-investing approach, designed to provide current income as well as capital appreciation potential. The Fund's stock selection process, which focuses on large, established companies, has made this Fund an attractive cornerstone for investors since 1946. This proven strategy was awarded a 2006 Lipper Fund Award (Class A shares) for the 10-year period ended December 31, 2005 in the Large-Cap Value Category(1). Additionally, Class A shares ranked seven out of 123 funds for the 10-year, 42 out of 298 funds for the five-year, and 231 out of 494 funds for the one-year period respectively as of June 30, 2006 in the Lipper-Cap Value Category(2).

"Van Kampen Growth and Income Fund has built a strong legacy, investing through social upheaval, political turmoil and financial market booms and busts," said James Gilligan, Managing Director and Head of the Equity Income team. "This has been a team effort over many decades, and we're proud to be part of this legacy."

Under Mr. Gilligan's leadership for 16 years, the Years, The

the seven decades of Eleanor Pargiter’s life. [Br. Lit.: Benét, 1109]

See : Time
 fund is managed by the Equity Income team, a group of five portfolio managers with extensive experience in equity fund management. The team currently manages approximately $33.7 billion in assets for individual investors.

"Van Kampen Growth and Income Fund is one of only 52 out of the nearly 8,500 mutual funds with a track record spanning 60 years or more," said Michael Kiley, President and Chief Executive Officer of Van Kampen Funds. "We believe this legacy demonstrates our firm's commitment to helping generations of investors and financial professionals on their path to financial success, and we are pleased to offer a fund of this caliber to our clients."

Van Kampen Funds Inc. is a subsidiary of Van Kampen Investments Inc. Van Kampen is one of the nation's largest investment management companies, with $112 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing.  or supervision, as of May 31, 2006. With roots in money management dating back to 1927, Van Kampen has helped nearly four generations of investors achieve their financial goals. For more information, visit Van Kampen's Web site at www.vankampen.com.

Please consider the investment objectives, risks, charges and expenses of the fund carefully before investing. The prospectus contains this and other information about the fund. To obtain a prospectus, contact your financial professional or download one at vankampen.com. Please read the prospectus carefully before investing.

Past performance is no guarantee of future results.

(1) Methodology for Awarding Lipper Fund Awards

Lipper Fund Awards are granted each year to the fund in each Lipper classification that consistently delivered the strongest risk-adjusted performance. A fund must meet the following criteria in order to achieve a Lipper Award: It must be registered for sale in the respective country as of the end of the evaluation year; It must have at least 36 months of performance history as of the end of the evaluation year; It must fall into one of the Lipper Global classifications with at least ten distinct portfolios, excluding residual classifications and institutional funds; It must be one of the following asset classes: equity, bond, and mixed-asset.

When awarding a Lipper Fund Classification Award, Lipper: Considers currency. The currency for the calculation corresponds to the currency of the country for which the awards are calculated and relies on monthly data. Classification averages are calculated for all funds for each eligible classification. The calculation periods extend over 36, 60, and 120 months. The highest Lipper Leader for Consistent Return (Effective Return) value within each eligible classification determines the fund classification winner over three, five, or ten years. Uses Local Classifications. U.S. local classifications are used in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , rather than Lipper Global classifications. Awards statuettes to winning funds for the three year period within the 40 largest classifications according to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 year-end assets under management. Includes institutional, index, and exchange-traded funds Exchange-traded funds (or ETFs) are Open Ended investment companies that can be traded at any time throughout the course of the day. Typically, ETFs try to replicate a stock market index such as the S&P 500 (e.g.  in the universe of eligible funds. Excludes money market or ultra-short obligation funds from the award calculations, since Lipper Leader scores are not calculated for these categories. Additionally excludes S&P 500 Index funds, specialty diversified diversified (di·verˑ·s  equity funds, and specialty/miscellaneous funds. Considers only one share class (the one with the best Lipper Leader score) for each portfolio in determining asset class and overall awards. The U.S. Lipper Leaders for Consistent Return calculation includes the Hurst-Holder exponent exponent, in mathematics, a number, letter, or algebraic expression written above and to the right of another number, letter, or expression called the base. In the expressions x2 and xn, the number 2 and the letter n .

(2) Source: Lipper Inc. Performance for other share classes will vary. Lipper rankings are based upon changes in net asset value with all dividends reinvested and do not include the effect of sales charges Sales Charge

A commission or fee paid by an investor at the time of purchasing mutual fund shares. The charge is paid to a mutual fund salesperson or financial advisor and is intended to provide compensation for the financial salesperson's efforts in assisting their client select
. If they had, performance would be lower.

Primary Risks: There is no assurance that a mutual fund will achieve its investment objective. Funds are subject to market risk, which is the possibility that the market values of securities owned by the fund will decline and that the value of fund shares may therefore be less than what you paid for them. Accordingly, you can lose money investing in this fund. Please be aware that this fund is subject to certain additional risks, including those associated with: Interest rates. More bonds may be called by the issuer, which may decrease the overall income potential of the portfolio. REITs. In addition to the general risks associated with real-estate investment, REIT REIT

See: Real Estate Investment Trust


REIT

See real estate investment trust (REIT).
 investing entails other risks, such as credit and interest-rate risk. Convertible securities. In addition to the risks associated with common stocks, investments in convertible securities are subject to the risks associated with fixed income securities, namely credit, price and interest-rate risks. Foreign securities. The fund may invest in foreign securities; should it do so, the portfolio may be subject to additional currency, political, economic, and market risks. Derivative instruments Derivative instruments

Contracts such as options and futures whose price is derived from the price of an underlying financial asset.
. Derivatives can be illiquid Illiquid

An asset or security that cannot be converted into cash very quickly (or near prevailing market prices).

Notes:
A house is a good example of an illiquid asset.
See also: Cash, Liquidity



Illiquid

In the context of finance.
, may disproportionately dis·pro·por·tion·ate  
adj.
Out of proportion, as in size, shape, or amount.



dispro·por
 increase losses and may have a potentially large negative impact on the fund's performance.

Copyright (C)2006 Van Kampen Funds Inc. All Rights Reserved. Member NASD/SIPC.

RN06-02436P-T P-T Pressure-Temperature (thermodynamics diagram) 08/06
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Sep 6, 2006
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