Van Kampen Value Strategy

4Q07 Commentary

In the fourth quarter, the portfolio benefited from favorable stock selection and the resulting asset allocation. More specifically, the portfolio’s overweight exposure to consumer staples companies positively influenced relative returns. Additionally, sound stock selection in the technology sector combined with an underweight position to financial service companies enhanced performance. At the sector level, the lack of exposure to energy and utility companies acted as the two largest negative influences on relative returns. There were no other significant detractors from relative performance over the reporting period. Given the current environment, our discipline remains consistent. We will continue to construct the portfolio stock by stock, attempting to identify opportunities that are trading at a significant discount to what we perceive to be fair value.

The opinions are those of the portfolio managers as of December 31, 2007, and are subject to change at any time due to market or economic conditions. Portfolio holdings and sectors are subject to change daily. All information provided is for informational purposes only and should not be deemed as a recommendation to buy or sell the securities in the industries shown above. Past performance is not indicative of future results.

All investments involve risks, including the possible loss of principal. Please refer to the portfolio’s Disclosure Document for risk and other important information about the strategy.

Please ask your clients to consider the investment objectives, risks, charges and expenses of the program carefully before investing. The Sponsor’s Disclosure Document contains this and other information about the program. The Disclosure Document can be obtained by contacting you, the Financial Advisor. Encourage them to read it carefully before investing.