ANNOUNCING . . .
VAN KAMPEN PRIME RATE INCOME TRUST
COMMENCEMENT OF TENDER OFFER
It is the policy of the Board of Trustees of the Van Kampen Prime Rate Income Trust to consider on a quarterly
basis whether to make a Tender Offer for common shares of the Trust. We are pleased to announce that the
Board has authorized the Trust's thirty-eighth consecutive quarterly Tender Offer commencing on March 19,
1999, for the purpose of providing liquidity to its shareholders. The commencement of the Tender Offer is
announced in today's Wall Street Journal. Shareholders of the Trust may elect to have the cash proceeds from
the Tender Offer invested in Class B Shares of eligible open-end investment companies advised by either Van
Kampen Investment Advisory Corp. or Van Kampen Asset Management Inc. and distributed by Van Kampen
Funds Inc. Please note that the Class B Shares acquired pursuant to this election are subject to a contingent
deferred sales charge schedule equal to the Early Withdrawal Charge schedule of the Trust.
The Trust is offering to purchase up to 56,800,049 of its common shares (approximately 7% of its issued and
outstanding common shares) at a price equal to the net asset value per common share of the Trust as of 5:00
P.M., Eastern Standard Time on April 16, 1999, the expiration date of the Tender Offer (unless extended). The
Tender Offer and the withdrawal rights expire at 12:00 Midnight Eastern Standard Time on April 16, 1999,
unless the Tender Offer is extended. An "Early Withdrawal Charge" will be imposed on most common shares
accepted for payment that have been held for less than five years.
Terms and conditions of the tender offer are contained in the Trust's Offer to Purchase dated March 19, 1999,
and the related Letter of Transmittal. Copies are available upon request by calling Van Kampen's Investor
Services Department at (800) 421-5666.
Shareholders may tender by completing and returning the Letter of Transmittal by April 16, 1999. Alternatively,