CONTACT: Weston B. Wetherell
FOR IMMEDIATE RELEASE
VAN KAMPEN AMERICAN CAPITAL PRIME RATE INCOME TRUST
BEGINS TENDER OFFER FOR COMMON SHARES
OAKBROOK TERRACE, Ill., September 13, 1996 -- Van Kampen American Capital Prime Rate Income
Trust, formerly known as Van Kampen Merritt Prime Rate Income Trust, distributed by Van Kampen American
Capital Distributors, Inc., a subsidiary of Van Kampen American Capital, Inc. (Van Kampen American Capital),
announced today that it has commenced a tender offer for 35,135,735 or approximately seven percent of its
outstanding common shares of beneficial interest.
The offer is not conditioned on any minimum number of common shares that must be tendered. The offer is
subject to the terms and conditions set forth in the Offer to Purchase and the Letter of Transmittal. The common
shares are being tendered for at a price equal to the net asset value per common share determined as of 5:00
p.m., Eastern Standard time, on October 11, 1996, the expiration date, unless extended. The offer and
withdrawal rights will expire, as of 12:00 Midnight, Eastern Standard time, on October 11, 1996, unless
extended. An early withdrawal charge will be imposed on most common shares accepted for payment that have
been held for less than five years.
As indicated in the Trust's current prospectus, the Board of Trustees currently intends, each quarter, to consider
authorizing the Trust to make tender offers for its common shares in order to attempt to provide liquidity to its
The Van Kampen American Capital Prime Rate Income Trust tender offer is being made only by the Offer to
Purchase dated September 13, 1996 and the related Letter of Transmittal. Questions and requests for assistance,
for current net asset value quotes, or for copies of the Offer to Purchase, Letter of Transmittal, and any other
tender offer documents may be directed to Van Kampen American Capital by calling 1-800-421-5666.
Van Kampen American Capital is a diversifie