Van Kampen Taxable 387 registers Global Bond Income, Series 3 units

By Tali David

Minneapolis, March 16 - Van Kampen Unit Trusts, Taxable Income Series 387 registered units of its Global Bond Income Trust, Series 3, according to an S-6 amendment filed with the Securities and Exchange Commission.

The depositor is Houston-based Van Kampen Funds Inc.

The trust will seek to provide a high level of current income and to preserve capital by investing in a portfolio primarily consisting of foreign corporate and sovereign bonds with maturities of about five years or less from the date of deposit.

Each unit will have a sales charge of 3.5%, which may be reduced to 2% depending on the amount of investment.

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