Van Kampen's Municipal Series 1032 registers Investors' Quality units

By Toni Weeks

San Diego, Nov. 8 - Van Kampen Unit Trusts, Municipal Series 1032 has registered units of its Investors' Quality Tax-Exempt Trust, Series 151, according to an S-6 amendment filed with the Securities and Exchange Commission.

The depositor is Houston-based Van Kampen Funds Inc.

The trust seeks federal tax-exempt income and the preservation of capital by investing in a portfolio of tax-exempt municipal bonds.

On Nov. 8, the initial date of deposit, $11,554,592 of contracts to purchase bonds comprised the fund. Each of the 12,260 units is priced at $1,000 and has a net asset value of $942.46.

The estimated current return is 4.54% per month, and the estimated long-term return is 4.3% per month.

Each unit will have a sales charge of 4.9%, which may be reduced depending on the amount of investment.

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