Van Kampen's Series 1197 offers Conservative Income Allocation units

By Tali David

Minneapolis, March 2 - Van Kampen Unit Trusts, Series 1197 is offering units of its Conservative Income Allocation Portfolio, Series 11, according to an S-6 amendment filed with the Securities and Exchange Commission.

The depositor is Houston-based Van Kampen Funds Inc.

The portfolio seeks to provide high current income by investing in a portfolio of closed-end investment companies and exchange-traded funds that invest in various investment-grade and/or short-duration fixed-income securities.

On the initial date of deposit, March 2, $148,709 in contracts to purchase securities comprises the trust. The 15,022 units each have a public offering price of $10 and a net asset value of $9.65. The estimated net annual income is $0.41094 per unit.

The units each carry a maximum sales charge of 3%, consisting of a 1% initial sales charge, a 1.5% deferred sales charge and a 0.5% creation and development fee. The sales charge may be reduced on a sliding scale to 2.4% depending on the amount of the investment.

The trusts have a mandatory termination date of June 1, 2017.

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