Van Kampen Series 1168 targets California, New York residents

By Toni Weeks

San Diego, Dec. 2 - Van Kampen Unit Trusts, Series 1168 has registered units of its Closed-End Strategy: Master Municipal Income Portfolio - California Series 16 and its Closed-End Strategy: Master Municipal Income Portfolio - New York Series 16, according to an S-6 amendment filed with the Securities and Exchange Commission.

The depositor is Houston-based Van Kampen Funds Inc.

Both portfolios seek federally tax-exempt income and state tax-exempt income for residents of the applicable state by investing in a portfolio of closed-end funds that concentrate in tax-exempt municipal bonds.

As of the initial date of deposit, Dec. 2, $148,888 of contracts to purchase securities comprises the California fund. The 15,040 units each has a public offering price of $10 and a net asset value of $9.669. The estimated net annual income is $0.58320 per unit.

As of Dec. 2, $148,983 of contracts to purchase securities comprises the New York fund. The 15,049 units each has a public offering price of $10 and a net asset value of $9.655. The estimated net annual income is $0.52425 per unit.

Units of both series will have a maximum sales charge of 2.95%, consisting of a 1% initial sales charge, a 1.45% deferred sales charge and a 0.5% creation and development fee. The sales charge may be reduced to 1.2% depending on the amount of investment.

The trust has a mandatory termination date of March 4, 2013.

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