Van Kampen More than $492.2 billion in assets, including investment management affiliates as of 12/31/06 Bring financial advisers and investors proven experience in both domestic and international markets across the spectrum of financial assets With a network of investment professionals located in offices worldwide, the combined firm serves endowments, pension funds, corporations and other institutions, as well as international organizations and individual investors. Van Kampen's investment professionals have access to vast global resources, first-hand experience in the world's capital markets and the support of a foremost financial services firm worldwide. Van Kampen brings clients disciplined investment strategies using a team-oriented approach to managing money through a variety of market cycles. Combining this team management approach with their asset management affiliates positions them to evolve with markets and their clients' needs. Van Kampen's wide array of products is designed to satisfy the investment needs of virtually any client. The portfolio management agreement with the Fund and Adviser is with Morgan Stanley Investment Management Inc. (MSIM), which does business in certain instances (including in its role as a sub-adviser to the Fund) under the name Van Kampen. MSIM is a subsidiary of Morgan Stanley. Bios B. Robert Baker, Jr., CFA Managing Director Bob is a portfolio manager for the U.S. Value strategy. He joined Van Kampen in 1991 and has 29 years of investment experience. Prior to joining the firm, Bob was a vice president and portfolio manager with Variable Annuity Life Insurance Company. Previously, he was a fixed income credit analyst at Tenneco Financial Services. Bob received a B.A. from Westminster College and an M.B.A. from the University of North Texas. Bob is a member of the CFA Institute and the Houston Society of Financial Analysts. Dennis P. Lynch Executive Director Dennis is the team leader for the growth team. He joined Morgan Stanley in 1998 and has 14 years of investment experience. Prior to joining the firm, he worked as a sell-side analyst for JPMorgan Securities. Dennis received a B.A. in political science from Hamilton College and an M.B.A. with honors in finance from Columbia University. Theodore Bigman Managing Director Ted is head of Global Real Estate, responsible for Morgan Stanley Investment Management's real estate securities investment management business. He joined Morgan Stanley in 1995 and has 21 years of investment experience. Prior to joining the firm, he was a director at Credit Suisse First Boston where he worked for eight years in the real estate group. Ted established and managed the REIT effort at Credit Suisse First Boston and had primary responsibility for $2.5 billion of initial public offerings by real estate investment trusts. Previously, he had extensive real estate experience in a wide variety of transactions involving the financing and sale of both individual assets and portfolios of real estate assets, as well as the acquisition of several real estate companies. Ted received a B.A. in economics from Brandeis University and an M.B.A. from Harvard Business School. He is a member of the National Association of Real Estate Investment Trusts. PL Comstock Objectives and Investments Long-term growth of capital through investment in equity securities of companies believed to have the potential for long-term growth of capital and income. Benchmark(s)    Russell 1000 Value Index and S&P 500® Index The Russell 1000 Value Index is an index of companies with a less-than average growth orientation. Companies in this index have lower price-to-book and price-earnings ratios, higher dividend yields and lower forecasted growth rates than companies in the Russell 1000 Growth Index. Results include reinvested dividends. The S&P 500 Index is an index of the stocks of approximately 500 large-capitalization companies traded in U.S. stock markets. Results include reinvested dividends. Investment Style    Large-Cap Value Based on information from Morningstar, Inc., 2007. PL Mid-Cap Growth Objectives and Investments Long-term growth of capital through investment in equity securities of medium-sized companies believed to have above-average growth potential. Benchmark    Russell Midcap Growth Index The Russell Midcap Growth Index is an index that measures the performance of those securities in the Russell Midcap Index with a higher than average growth forecast. Results include reinvested dividends. Investment Style    Mid-Cap Growth Based on information from Morningstar, Inc., 2007. PL Real Estate Objectives and Investments Current income and long-term capital appreciation through investment in equity securities of companies principally engaged in the U.S. real estate industry, including real estate investment trusts (REITs) and real estate operating companies (REOCs). Benchmark    FTSE NAREIT U.S. Real Estate Index The FTSE National Association of Real Estate Investment Trusts (NAREIT) U.S. Real Estate Index is an index of all tax-qualified REITs listed on the New York Stock Exchange, American Stock Exchange and NASDAQ. Results include reinvested dividends. Investment Style    Real Estate Based on information from Morningstar, Inc., 2007.

Van Kampen Funds PL Comstock† PL Mid-Cap Growth† PL Real Estate† Van Kampen Managers Bios Company Profile Select a Manager AlgerAllianceBernsteinClearBridgeGoldman SachsHighlandJanusLazardLoomis SaylesMFSNeuberger BermanNFJOppenheimerFundsPAMPIMCOVan Kampen † These funds are available only for investment by the Portfolio Optimization Funds.