COMMON SENSE TRUST
TRUSTEES RETIREMENTS PLAN
Common Sense Trust (the "Trust"), a registered investment company 
having its principal office at One Parkview Plaza, Oakbrook Terrace, 
Illinois 60181, has adopted this Retirement Plan ("Plan") for its 
Independent Trustees (as defined herein) in order to recognize and 
reward the valued services provided by such trustees to the Trust.
An Independent Trustee is a trustee who is not an officer, director 
or employee of Van Kampen American Capital Asset Management, Inc., or 
any affiliated person thereof.
The Trust is responsible for the payment of the retirement benefits, 
as well as all expenses of administration of this Plan, including 
without limitation all administrative, accounting and legal fees.
This Plan is separate and distinct from any other retirement plan 
adopted by any other investment company in the Van Kampen American 
Capital Group of Funds and all rights, duties, responsibilities and 
obligations under this Plan shall be between the Trust and its 
Independent Trustees.
This Plan shall be administered by the Nominating Committee of the 
Trust.
To be eligible to receive retirement benefits under this Plan, an 
Independent Trustee may retire upon attaining the age of 67 and must 
retire as of the last day of  the calendar year in which he or she 
attains the age of 75.  The retirement benefit shall be based upon 
the highest total annual compensation (i.e. annual retainer and board 
and committee meeting fees) the retiring Independent Trustee received 
in any of the three calendar years preceding such Independent 
Trustee's termination of service.  Such retirement benefit shall 
begin at 50% of such total compensation for any Independent Trustee 
with five (5) years of service and shall increase by 10% for each 
year of service by such Independent Trustee in excess of five (5) 
years of service up to a maximum amount of 100% of the compensation 
for any Independent Trustee who has completed ten (10) or more years 
of service, as set forth in the following table:
Years of Service
Percentage of Compensation
Less than 5
0%
5
50
6
60
7
70
8
80
9
90
10 or more
100%

Such aggregate amount of the retirement benefit will be fixed at the 
date of retirement and shall be payable for each of the ten (10) 
years commencing in the calendar year in which the Independent 
Trustee retires.  Payment will be made at the end of each calendar 
quarter to the Retired Independent Trustee in forth(40) equal 
installments, commencing on the first business day of the calendar 
quarter following the date on which the Independent Trustee retires.
Notwithstanding the foregoing, any Independent Trustee who is 
seventy-five (75) years of age or older on the date this Plan is 
adopted by the Trust will receive a retirement benefit as determined 
by a resolution of the board of directors of the Trust adopted in 
conjunction with the adoption of this Plan and conforming in all 
other respects to the provisions of this Plan.
No retirement payment benefit may be anticipated, pledged, assigned, 
either in law or equity, alienated, attached, garnished, levied or 
subject to any other legal or equitable process.  All payments under 
this Plan are subject to the condition that the recipient's conduct 
not be inconsistent with the Code of Ethics established by the Trust 
and such payments may be discontinued at any time if in the sole 
judgment of the Nominating Committee the recipient's conduct in 
inconsistent with such Code.
An Independent Trustee may receive retirement benefits under this 
Plan even if he or she retires before age 67 after five (5) years of 
service as an Independent Trustee of the Trust if the Nominating 
Committee in its sole judgment determines that as a consequence of 
ill health, disability or for any other reason the earlier retirement 
date is appropriate.
In the event of a retired Independent Trustee's death prior to 
complete distribution under this Plan, such Independent Trustee's 
beneficiary designated by his or her in writing to the Trust shall 
receive the remaining retirement benefits in installments or in a 
lump sum as determined by the Nominating Committee.  The lump sum 
shall be an amount equal to the present value of the remaining 
retirement benefit as determined in good faith by the Nominating 
Committee.  Such a lump sum shall be paid by the Trust to the 
Independent Trustee's estate in the event the Independent Trustee 
survives his or her beneficiary or if no beneficiary had been 
designated.
In the event an Independent Trustee's death occurs after five (5) 
years of service, the Independent Trustee's beneficiary shall receive 
the amount of the applicable retirement benefit in installments or a 
lump sum as determined by the Nominating Committee.  In the event the 
Independent Trustee survived the beneficiary or no beneficiary was 
named, the Trust shall pay a lump sum amount equal to the present 
value of the applicable retirement benefit to the Independent 
Trustee's estate.
In the event of a liquidation, dissolution or winding up of the Trust 
or distribution of all or substantially all of the Trust's assets and 
property, the Trust shall pay to each Independent Trustee serving as 
a trustee of the Trust on the effective date of such liquidation, 
dissolution, winding up or distribution a lump sum amount equal to 
the present value of the applicable retirement benefit using the 
effective date of such liquidation, dissolution, winding up or 
distribution as the date of such Independent Trustee's termination of 
service, unless such Independent Trustee continues to serve on the 
board of a successor fund with a retirement plan at least as 
favorable as this Plan.  In the event an Independent Trustee 
terminates service prior to such liquidation, dissolution, winding up 
or distribution and such Independent Trustee (or his or her 
beneficiary) is then receiving payment of benefits at the time of 
such liquidation, dissolution, winding up or distribution, the Trust 
shall pay to such Independent Trustee (or his or her beneficiary) on 
the effective date of such liquidation, dissolution, winding up or 
distribution a lump sum amount equal to the present value of the 
remaining retirement benefit due to such Independent Trustee (or his 
or her beneficiary).
This Plan does not create a right for any Independent Trustee to be 
renominated nor is there any duty on the part of the members of the 
Nominating Committee or the board to renominate a person for election 
as a trustee.
The contingent obligations of the Trust under this Plan shall be 
accounted for in accordance with generally accepted accounting 
principles.  Upon the retirement of an Independent Trustee, the Trust 
at its option may purchase an annuity contract to meet its obligation 
in respect of the Independent Trustee.
The Trust at any time may terminate this Plan or, from time to time, 
may modify or change this Plan provided, however, that the right of 
an Independent Trustee to receive payments under this Plan shall 
become fixed upon five (5) years of service and no termination, 
modification or change shall affect his or her rights to receive the 
payments to which he or she was entitled under this Plan.
This Plan shall not be a qualified plan under Section 401 of the 
Internal Revenue Code and need not be submitted for approval of 
shareholders.
This Plan and any modification, change or termination shall be 
approved by a majority of the Trustees who are not "interested 
persons" of the Trust or "interested persons" of any investment 
adviser of the Trust and by a majority of the Board as a whole.


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