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Skadden, Arps, Slate, Meagher & Flom LLP
333 West Wacker Drive
Chicago, Illinois 60606
May 3, 2007
Mr. Larry Greene
Securities and Exchange Commission
100 F Street, N.E.
Washington, D.C. 20549
Re: Van Kampen Bond Fund -- Proxy Statement
(the "Proxy Statement") (File Nos. 005-30220 and 811-02090)
Dear Mr. Greene:
Thank you for your telephonic comments regarding the Preliminary Proxy
Statement on Schedule 14A for Van Kampen Bond Fund (the "Fund") filed with the
Securities and Exchange Commission (the "Commission") on April 13, 2007 in
connection with its annual meeting of shareholders to be held on June 22, 2007.
On behalf of the Fund, we have summarized your comments to the best of our
understanding, below which we have provided our response to those comments. We
have not included comments which we resolved in the course of our conference
call with you. Where changes were necessary in response to your comments, they
are reflected in the Fund's Definitive Proxy Statement on Schedule 14A, which
was filed on May 1, 2007.
COMMENT 1 TO COMPLY WITH THE PLAIN ENGLISH REQUIREMENT, PLEASE ENSURE THAT
THERE IS NO DISCLOSURE IN ALL CAPITAL LETTERS.
Response 1 The Fund has ensured that there is no disclosure in all capital
letters.
COMMENT 2 IN THE SECOND PARAGRAPH IN THE SECTION ENTITLED "INTRODUCTION --
VOTING," PLEASE EXPLAIN WHAT VOTING BY "PLURALITY" MEANS.
Response 2 The Fund notes that the disclosure currently states the following
in the paragraph referenced:
"Election by plurality means those persons who receive the
highest number of votes cast "FOR" up to the total number of
persons to be elected as Trustees at the Meeting shall be
elected."
The Fund respectfully submits that the current disclosure is
responsive to the Staff's comment and therefore, no additional
disclosure is necessary.
COMMENT 3 IN THE FIRST PARAGRAPH IN THE SECTION ENTITLED "PROPOSAL 2: REPLACE
A FUNDAMENTAL POLICY OF THE FUND WITH A NON-FUNDAMENTAL POLICY,"
PLEASE ADD DISCLOSURE THAT SOME OF THE FUND'S INVESTMENTS IN ITS
80% POLICY MAY BE FOREIGN.
Response 3 The Fund has added the requested disclosure.
COMMENT 4 IN THE SECOND PARAGRAPH IN THE SECTION ENTITLED "PROPOSAL 2:
REPLACE A FUNDAMENTAL POLICY OF THE FUND WITH A NON-FUNDAMENTAL
POLICY," PLEASE SUPPLEMENTALLY EXPLAIN WHAT IS MEANT BY THE TERM
"OBLIGATIONS" IN THE FOLLOWING PHRASE: "TO ALLOW THE FUND TO INVEST
UP TO 20% OF THE FUND'S TOTAL ASSETS IN BOTH U.S. DOLLAR
DENOMINATED AND NON-U.S. DOLLAR DENOMINATED SECURITIES OR
OBLIGATIONS OF FOREIGN ISSUERS.
Response 4 The Fund has deleted the references to the term "obligations."
COMMENT 5 IN THE FIRST PARAGRAPH IN THE SECTION ENTITLED "PROPOSAL 2: REPLACE
A FUNDAMENTAL POLICY OF THE FUND WITH A NON-FUNDAMENTAL POLICY --
OVERVIEW," PLEASE SUPPLEMENTALLY EXPLAIN WHAT IS MEANT BY THE
PHRASE "TO BENEFIT THE FUND'S COMMON SHAREHOLDERS" IN THE FOLLOWING
SENTENCE "[T]HE FUND SEEKS TO INVEST UP TO 20% OF THE FUND'S TOTAL
ASSETS IN BOTH U.S. DOLLAR DENOMINATED AND NON-U.S.
DOLLAR-DENOMINATED SECURITIES OR OBLIGATIONS OF FOREIGN ISSUERS TO
BENEFIT THE FUND'S COMMON SHAREHOLDERS" AND WHETHER SUCH CHANGE IN
POLICY IS EXPECTED TO BE DETRIMENTAL TO ANY OF THE FUND'S OTHER
SHAREHOLDERS.
Response 5 The phrase "to benefit the Fund's Common Shareholders" is intended
to inform all shareholders of the Fund that the Fund and the Fund's
investment adviser believe that the change in the Fund's
fundamental investment policy will benefit all of the Fund's
shareholders. It is not intended to differentiate between benefits
to be realized by different classes of shares of the Fund, as the
Fund only has one class of shares outstanding. The Fund has
modified the disclosure to clarify this.
COMMENT 6 IN THE SECTION ENTITLED "PROPOSAL 2: REPLACE A FUNDAMENTAL POLICY
OF THE FUND WITH A NON-FUNDAMENTAL POLICY -- OVERVIEW," PLEASE
SUPPLEMENTALLY EXPLAIN WHETHER THE FUND CURRENTLY UTILIZES LEVERAGE
AND WHETHER THE FUND INTENDS TO UTILIZE LEVERAGE IN CONNECTION WITH
THE INCREASED ABILITY TO INVEST IN FOREIGN INVESTMENTS, IF APPROVED
BY SHAREHOLDERS.
Response 6 The Fund does not currently utilize leverage and has no current
intention to utilize leverage in connection with the increased
ability to invest in foreign investments, if approved by
shareholders.
COMMENT 7 IN THE SECTION ENTITLED "PROPOSAL 2: REPLACE A FUNDAMENTAL POLICY
OF THE FUND WITH A NON-FUNDAMENTAL POLICY -- OVERVIEW," PLEASE
SUPPLEMENTALLY EXPLAIN WHETHER THE FUND INTENDS TO CONCENTRATE IN
ITS FOREIGN INVESTMENTS IN ANY PARTICULAR COUNTRY.
Response 7 The Fund has no current intention to concentrate its foreign
investments in any particular country.
COMMENT 8 IN THE SECOND PARAGRAPH IN THE SECTION ENTITLED "PROPOSAL 2:
REPLACE A FUNDAMENTAL POLICY OF THE FUND WITH A NON-FUNDAMENTAL
POLICY -- THE FUND'S POLICY REGARDING INVESTING IN SECURITIES OF
FOREIGN ISSUERS -- CURRENT AND PROPOSED," PLEASE ADD EXPLANATORY
DISCLOSURE REGARDING "CROSS-HEDGES."
Response 8 The Fund has added the requested disclosure to the section entitled
"Proposal 2: Replace a Fundamental Policy of the Fund with a
Non-Fundamental Policy -- Risks of Investing in Securities of
Foreign Issuers."
COMMENT 9 IN THE FIRST PARAGRAPH IN THE SECTION ENTITLED "PROPOSAL 2: REPLACE
A FUNDAMENTAL POLICY OF THE FUND WITH A NON-FUNDAMENTAL POLICY --
ACTION AND RECOMMENDATION OF THE BOARD OF TRUSTEES" PLEASE ADD
DISCLOSURE THAT A NON-FUNDAMENTAL POLICY MAY BE AMENDED BY THE
FUND'S BOARD OF TRUSTEES AND DOES NOT REQUIRE A SHAREHOLDER VOTE.
Response 9 The Fund has added the requested disclosure.
COMMENT 10 IN THE FIRST PARAGRAPH IN THE SECTION ENTITLED "PROPOSAL 2: REPLACE
A FUNDAMENTAL POLICY OF THE FUND WITH A NON-FUNDAMENTAL POLICY --
RISKS OF INVESTING IN SECURITIES OF FOREIGN ISSUERS," PLEASE ADD
THAT THE PROPOSAL ALSO SEEKS THE ABILITY FOR THE FUND TO UTILIZE
CERTAIN CURRENCY DERIVATIVES AND THE ABILITY TO INVEST IN EMERGING
MARKET COUNTRIES.
Response 10 The Fund has added the requested disclosure.
COMMENT 11 IN THE SECTION ENTITLED "PROPOSAL 2: REPLACE A FUNDAMENTAL POLICY
OF THE FUND WITH A NON-FUNDAMENTAL POLICY -- RISKS OF INVESTING IN
SECURITIES OF FOREIGN ISSUERS," PLEASE ENSURE THAT THE FUND HAS
INCLUDED ALL CURRENCY DERIVATIVES THAT IT INTENDS TO UTILIZE.
Response 11 The Fund has ensured that all currency derivatives that it
currently intends to utilize are included in the disclosure in the
section referenced.
* * *
The Fund acknowledges that the disclosure included in the Proxy
Statement is the responsibility of the Fund. The Fund further acknowledges that
the action of the Commission or the staff acting pursuant to delegated authority
in reviewing the Proxy Statement does not relieve the Fund from its full
responsibility for the adequacy and accuracy of the disclosures in the Proxy
Statement; and that the Fund will not assert this action as a defense in any
proceeding initiated by the Commission or any person under the federal
securities laws of the United States.
Should you have any questions concerning our responses to your
comments, please direct them to Kim Lombardo at (312) 407-0768 or the
undersigned at (312) 407-0863.
Sincerely,
/s/ Charles B. Taylor