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Van Kampen Focus Portfolios Series 302 · 485BPOS · On 10/24/05

Filed On 10/24/05 4:23pm ET · SEC File 333-62758 · Accession Number 891804-5-3154

  As Of               Filer                 Filing     As/For/On Docs:Pgs              Issuer               Agent

10/24/05  Van Kampen Focus Portfolios...302 485BPOS    10/24/05    2:32                                     891804

Post-Effective Amendment
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 485BPOS     Amendment to 485                                      31±   155K 
 2: EX-99.1.1   Grant Thornton Consent                                 1      5K

485BPOS · Amendment to 485
Document Table of Contents

Page	(sequential)	\|	(alphabetic)	Top
			Alternative Formats (RTF, XML, et al.) Additional Information General Objectives and Securities Selection Other Matters Public Offering Redemption of Units Reinvestment Option Retirement Accounts Rights of Unitholders Risk Factors Table of Contents Taxation The Trust Trust Administration Trust Operating Expenses Trust, The Unit Distribution Unit Price Van Kampen Investments
1	1st Page
"	The Trust
"	Van Kampen Investments
"	Objectives and Securities Selection
"	Risk Factors
"	Public Offering
"	General
"	Unit Price
"	Unit Distribution
"	Retirement Accounts
"	Rights of Unitholders
"	Reinvestment Option
"	Redemption of Units
"	Trust Administration
"	Taxation
"	Trust Operating Expenses
"	Other Matters
"	Additional Information
"	Table of Contents

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File No. 333-62758 CIK #1123072

Securities and Exchange Commission
Washington, D.C. 20549

Post-Effective
Amendment No. 4 to
Form S-6

For Registration under the Securities Act of 1933 of
Securities of Unit Investment Trusts Registered on
Form N-8B-2

Van Kampen Focus Portfolios, Series 302
(Exact Name of Trust)

Van Kampen Funds Inc.
(Exact Name of Depositor)

1221 Avenue of the Americas
New York, New York 10020
(Complete address of Depositor's principal executive offices)

VAN KAMPEN FUNDS INC. CHAPMAN AND CUTLER LLP
Attention: Amy R. Doberman Attention: Mark J. Kneedy
1221 Avenue of the Americas 111 West Monroe Street
New York, New York 10020 Chicago, Illinois 60603

(Name and complete address of agents for service)

( X ) Check if it is proposed that this filing will become effective
on October 24, 2005 pursuant to paragraph (b) of Rule 485.

VAN KAMPEN FOCUS PORTFOLIOS, SERIES 302
Select Growth Trust, July 2001 Series

--------------------------------------------------------------------------------
PROSPECTUS PART ONE
NOTE: Part I of this Prospectus may not be distributed unless accompanied
by Part II.
Please retain both parts of this Prospectus for future reference.
--------------------------------------------------------------------------------

THE TRUST
Van Kampen Focus Portfolios, Series 302 includes the underlying unit
investment trust described above (the "Trust"). The Trust offers investors the
opportunity to purchase Units representing proportionate interests in a
portfolio of common stocks issued primarily by some of the most widely held and
well capitalized companies in the United States.

THE SECURITIES AND EXCHANGE COMMISSION HAS NOT APPROVED OR DISAPPROVED OF THE
UNITS OR PASSED UPON THE ACCURACY OR ADEQUACY OF THIS PROSPECTUS. ANY
REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.

The Date of this Prospectus is October 25, 2005

VAN KAMPEN
INVESTMENTS
SHINE

VAN KAMPEN FOCUS PORTFOLIOS, SERIES 302
Select Growth Trust, July 2001 Series
Summary of Essential Financial Information
As of August 10, 2005
Sponsor: Van Kampen Funds Inc.
Supervisor: Edward D. Jones & Co., L.P.
Trustee: The Bank of New York

· Enlarge/Download Table

Select
Growth
Trust
-----------------
General Information

Number of Units 921,178.000
Fractional Undivided Interest in Trust per Unit 1/921,178.000
Public Offering Price:
Aggregate Value of Securities in Portfolio (1) $ 8,079,589.70
Aggregate Value of Securities per Unit (including accumulated dividends) $ 8.77090
Sales charge 2.30% (2.354% of Aggregate Value of Securities excluding principal cash)
per Unit (3) $ .20650
Public Offering Price per Unit (2)(3) $ 8.97740
Redemption Price per Unit $ 8.77090
Secondary Market Repurchase Price per Unit $ 8.77090
Excess of Public Offering Price per Unit Over Redemption Price per Unit $ .20650

Supervisor's Annual Supervisory Fee $.0025 per Unit
Sponsor's Annual Bookkeeping
and Administration Service Fee $.0015 per Unit

Initial Date of Deposit July 10, 2001
Mandatory Termination Date March 12, 2006

Minimum Termination Value Each Trust may be terminated if
the net asset value of such
Trust is less than $500,000
unless the net asset value
of such Trust deposits has
exceeded $15,000,000, then
the Trust Agreement may be
terminated if the net asset
value of such Trust is less
than $3,000,000.

Estimated Annual Expenses per Unit $.02045
Estimated Annual Dividends per Unit $.17347
Trustee's Annual fee $.0095 per Unit

Record Date TENTH day of March, June, September and December.
Distribution Date TWENTY-FIFTH day of March, June, September and December.

--------------------------------------------------------------------------------

(1) Equity Securities are valued at the closing sale price, or if no such price
exists, at the closing bid price thereof.

(2) Anyone ordering Units will have added to the Public Offering Price a pro
rata share of any cash in the Income and Capital Accounts.

(3) On each July 10th, commencing July 10, 2001, the secondary market sales
charge will decrease by .5 of 1% to a minimum sales charge of 2.30%.

· Enlarge/Download Table

SELECT GROWTH TRUST, JULY 2001 SERIES
PER UNIT INFORMATION
2002 (1) 2003 2004 2005
------------ ------------ ------------ ------------

Net asset value per Unit at beginning of period............ $ 9.62 $ 8.20 $ 7.62 $ 8.62
============ ============ ============ ============
Net asset value per Unit at end of period.................. $ 8.20 $ 7.62 $ 8.62 $ 8.79
============ ============ ============ ============
Distributions to Unitholders of investment income including
accumulated dividends paid on Units redeemed
(average Units outstanding for entire period)........... $ 0.13 $ 0.14 $ 0.16 $ 0.20
============ ============ ============ ============
Distributions to Unitholders from Equity Security sales
proceeds (average Units outstanding for entire period).. $ -- $ 0.33 $ -- $ --
============ ============ ============ ============
Unrealized appreciation (depreciation) of Equity Securities
(per Unit outstanding at end of period)................. $ (1.19) $ 0.35 $ 1.15 $ 0.24
============ ============ ============ ============
Units outstanding at end of period......................... 1,179,285 1,152,234 1,055,183 933,903

--------------------------------------------------------------------------------

(1) For the period from July 10, 2001 (date of deposit) through June 30, 2002.

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors of Van Kampen Funds Inc. and the Unitholders of Van
Kampen Focus Portfolios, Series 302 (Select Growth Trust, July 2001 Series):
We have audited the accompanying statement of condition (including the
analysis of net assets) and the related portfolio of Select Growth Trust, July
2001 Series (included in Van Kampen Focus Portfolios, Series 302) as of June 30,
2005 and the related statements of operations and changes in net assets for each
of the three years ended June 30, 2005. These statements are the responsibility
of the Trustee and the Sponsor. Our responsibility is to express an opinion on
such statements based on our audits.
We conducted our audits in accordance with the standards of the Public
Company Accounting Oversight Board (United States). Those standards require that
we plan and perform the audits to obtain reasonable assurance about whether the
financial statements are free of material misstatement. The Trust is not
required to have, nor were we engaged to perform an audit of its internal
control over financial reporting. Our audits included consideration of internal
control over financial reporting as a basis for designing audit procedures that
are appropriate in the circumstances, but not for the purpose of expressing an
opinion on the effectiveness of the Trust's internal control over financial
reporting. Accordingly, we express no such opinion. An audit also includes
examining, on a test basis, evidence supporting the amounts and disclosures in
the financial statements, assessing the accounting principles used and
significant estimates made by the Trustee and Sponsor, as well as evaluating the
overall financial statement presentation. Our procedures included confirmation
of obligations owned at June 30, 2005 by correspondence with the Trustee. We
believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in
all material respects, the financial position of Select Growth Trust, July 2001
Series (included in Van Kampen Focus Portfolios, Series 302) as of June 30, 2005
and the results of operations and changes in net assets for each of the three
years ended June 30, 2005, in conformity with accounting principles generally
accepted in the United States of America.

GRANT THORNTON LLP

New York, New York
August 19, 2005

· Enlarge/Download Table
VAN KAMPEN FOCUS PORTFOLIOS, SERIES 302
Statement of Condition
June 30, 2005

Select
Growth
Trust
---------------

Trust property
Cash $ --
Securities at market value, (cost $7,794,690) (note 1) 8,231,786
Accumulated dividends 10,217
Receivable for securities sold 9,202
---------------
$ 8,251,205
===============
Liabilities and interest to Unitholders
Cash overdraft $ 3,641
Redemptions payable 41,318
Interest to Unitholders 8,206,246
---------------
$ 8,251,205
===============

Analysis of Net Assets

Interest of Unitholders (933,903 Units of fractional undivided interest outstanding)
Cost to original investors of 1,327,085 Units (note 1) $ 12,911,477
Less initial underwriting commission (note 3) 538,871
---------------
12,372,606
Less redemption of 393,182 Units 3,302,854
---------------
9,069,752
Overdistributed net investment income
Net investment income 575,050
Less distributions to Unitholders 689,337
---------------
(114,287)
Realized gain (loss) on Security sale (806,103)
Unrealized appreciation (depreciation) of Securities (note 2) 437,096
Distributions to Unitholders of Security sale proceeds (380,212)
---------------
Net asset value to Unitholders $ 8,206,246
===============
Net asset value per Unit (933,903 Units outstanding) $ 8.79
===============

The accompanying notes are an integral part of these statements.
· Enlarge/Download Table
SELECT GROWTH TRUST, JULY 2001 SERIES
Statements of Operations
Years ended June 30,

2003 2004 2005
------------ ------------ ------------

Investment income
Dividend income...................................................... $ 168,269 $ 179,432 $ 200,054
Expenses
Trustee fees and expenses......................................... 15,769 14,219 13,202
Evaluator fees.................................................... 1,856 1,810 1,727
Organizational fees............................................... 1,723 500 200
Supervisory fees.................................................. 3,113 3,019 2,980
Deferred Sales Charge............................................. -- -- --
------------ ------------ ------------
Total expenses................................................. 22,461 19,548 18,109
------------ ------------ ------------
Net investment income............................................. 145,808 159,884 181,945
Realized gain (loss) from Security sale
Proceeds............................................................. 997,484 938,265 1,176,164
Cost................................................................. 1,672,165 1,024,058 1,212,994
------------ ------------ ------------
Realized gain (loss).............................................. (674,481) (85,793) (36,830)
Net change in unrealized appreciation (depreciation) of Securities...... 404,971 1,208,793 222,784
------------ ------------ ------------
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS....................................... $ (123,902) $ 1,282,884 $ 367,899
============ ============ ============

Statements of Changes in Net Assets
Years ended June 30,

2003 2004 2005
------------ ------------ ------------
Operations:
Net investment income................................................ $ 145,808 $ 159,884 $ 181,945
Realized gain (loss) on Securities sales............................. (674,681) (85,793) (36,830)
Net change in unrealized appreciation (depreciation) of Securities... 404,971 1,208,793 222,784
------------ ------------ ------------
Net increase (decrease) in net assets resulting from operations... (123,902) 1,282,884 367,899
Distributions to Unitholders from:
Net investment income................................................ (168,240) (180,340) (198,871)
Security sale or redemption proceeds................................. (380,212) -- --
Redemption of Units (note 4)......................................... (587,327) (918,180) (1,190,730)
Deferred sales charge................................................ -- -- --
------------ ------------ ------------
Total increase (decrease)......................................... (1,259,681) 184,364 (1,021,702)
Net asset value to Unitholders
Beginning of period.................................................. 9,669,347 8,784,489 9,093,655
Additional Securities purchased from the proceeds of Unit Sales...... 374,823 124,802 134,293
------------ ------------ ------------
End of period (including overdistributed net investment income of
$(76,905), $(97,361) and $(114,287), respectively)................ $ 8,784,489 $ 9,093,655 $ 8,206,246
============ ============ ============

The accompanying notes are an integral part of these statements.
· Enlarge/Download Table

SELECT GROWTH TRUST, JULY 2001 SERIES PORTFOLIO AS OF JUNE 30, 2005
----------------------------------------------------------------------------------------------------------------------
VALUATION OF
NUMBER MARKET VALUE SECURITIES
OF SHARES NAME OF ISSUER PER SHARE (NOTE 1)
----------------------------------------------------------------------------------------------------------------------

3,972 Abbott Laboratories 49.01 194,668
----------------------------------------------------------------------------------------------------------------------
4,893 American Express Co. 53.23 260,454
----------------------------------------------------------------------------------------------------------------------
2,207 American Intl Group Inc. 58.10 128,227
----------------------------------------------------------------------------------------------------------------------
8,403 Applied Matls Inc. 16.18 135,961
----------------------------------------------------------------------------------------------------------------------
3,608 Automatic Data Processing Inc. 41.97 151,428
----------------------------------------------------------------------------------------------------------------------
6,318 Banc Of America Invsmt Svcs Inc. 45.61 288,164
----------------------------------------------------------------------------------------------------------------------
3,797 Baxter International Inc. 37.10 140,869
----------------------------------------------------------------------------------------------------------------------
3,850 BP Amoco PLC 62.38 240,163
----------------------------------------------------------------------------------------------------------------------
3,502 Bristol Myers Squibb Co. 24.98 87,480
----------------------------------------------------------------------------------------------------------------------
4,163 Celestica Inc. 13.40 55,784
----------------------------------------------------------------------------------------------------------------------
3,677 Citigroup Inc. 46.23 169,988
----------------------------------------------------------------------------------------------------------------------
5,268 Clorox Co. 55.72 293,533
----------------------------------------------------------------------------------------------------------------------
3,170 Colgate Palmolive Co. 49.91 158,215
----------------------------------------------------------------------------------------------------------------------
7,036 Dell Inc. 39.51 277,992
----------------------------------------------------------------------------------------------------------------------
4,041 Du Pont (E.I.) de Nemours & Co. 43.01 173,803
----------------------------------------------------------------------------------------------------------------------
3,116 Emerson Electric Co. 62.63 195,155
----------------------------------------------------------------------------------------------------------------------
4,351 Exxon Mobil Corp. 57.47 250,052
----------------------------------------------------------------------------------------------------------------------
2,261 Fannie Mae 58.40 132,042
----------------------------------------------------------------------------------------------------------------------
8,187 Hewlett Packard Co. 23.51 192,476
----------------------------------------------------------------------------------------------------------------------
4,110 Home Depot Inc. 38.90 159,879
----------------------------------------------------------------------------------------------------------------------
427 Hospira Inc. 39.00 16,653
----------------------------------------------------------------------------------------------------------------------
2,880 Illinois Tool Works Inc. 79.68 229,478
----------------------------------------------------------------------------------------------------------------------
6,550 Intel Corp. 26.06 170,693
----------------------------------------------------------------------------------------------------------------------
6,245 Interpublic Group 12.18 76,064
----------------------------------------------------------------------------------------------------------------------
3,677 Johnson & Johnson 65.00 239,005
----------------------------------------------------------------------------------------------------------------------
5,112 Johnson Ctls Inc. 56.33 287,959
----------------------------------------------------------------------------------------------------------------------
8,823 Leggett & Platt Inc. 26.58 234,515
----------------------------------------------------------------------------------------------------------------------
7,036 McDonald's Corp. 27.75 195,249
----------------------------------------------------------------------------------------------------------------------
397 Medco Health Solutions 53.36 21,184
----------------------------------------------------------------------------------------------------------------------
2,946 Merck & Co. Inc. 30.80 90,737
----------------------------------------------------------------------------------------------------------------------
5,703 Microsoft Corp. 24.84 141,663
----------------------------------------------------------------------------------------------------------------------
9,972 Nokia Corp. 16.64 165,934
----------------------------------------------------------------------------------------------------------------------
9,862 Oracle Systems Corp. 13.20 130,178
----------------------------------------------------------------------------------------------------------------------
4,163 Pepsico Inc. 53.93 224,511
----------------------------------------------------------------------------------------------------------------------
4,591 Pfizer Inc. 27.58 126,620
----------------------------------------------------------------------------------------------------------------------
3,296 Royal Dutch Pete Co. 64.90 213,911
----------------------------------------------------------------------------------------------------------------------
4,655 SBC Communications Inc. 23.75 110,556
----------------------------------------------------------------------------------------------------------------------
5,147 Schering Plough Corp. 19.06 98,102
----------------------------------------------------------------------------------------------------------------------
7,954 Southern Co. 34.67 275,765
----------------------------------------------------------------------------------------------------------------------
253 St. Paul Cos Inc. 39.53 10,001
----------------------------------------------------------------------------------------------------------------------
3,677 State Street Corp. 48.25 177,415
----------------------------------------------------------------------------------------------------------------------
6,431 Texas Instruments Inc. 28.07 180,518
----------------------------------------------------------------------------------------------------------------------
8,634 Vodafone Group PLC-SP ADR 24.32 209,979
----------------------------------------------------------------------------------------------------------------------
5,577 Wachovia Corp 49.60 276,619
----------------------------------------------------------------------------------------------------------------------
3,920 Wal Mart Stores Inc. 48.20 188,944
----------------------------------------------------------------------------------------------------------------------
6,734 Walt Disney Co. 25.18 169,562
----------------------------------------------------------------------------------------------------------------------
4,110 Wells Fargo Company 61.58 253,094
----------------------------------------------------------------------------------------------------------------------
401 Zimmer Holdings 76.17 30,544
--------------- --------------
229,103 $ 8,231,786
=============== ==============

--------------------------------------------------------------------------------

The accompanying notes are an integral part of these statements.

VAN KAMPEN FOCUS PORTFOLIOS, SERIES 302
Notes to Financial Statements
June 30, 2003, 2004 and 2005
--------------------------------------------------------------------------------

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Security Valuation - Securities are valued as described in Prospectus Part
II.

Security Cost - The cost of the Securities is determined based on the actual
price paid by the Trust on the day of the various Dates of Deposit.

Unit Valuation - The redemption price per Unit is the pro rata share of each
Unit based upon (1) the cash on hand in the Trust or monies in the process of
being collected, (2) the Securities in the Trust based on the value as described
in Note 1 and (3) accumulated dividends thereon, less accrued expenses of the
Trust, if any.

Federal Income Taxes - Each Unitholder is considered to be the owner of a pro
rata portion of the Trust and, accordingly, no provision has been made for
Federal income taxes.

Other - The financial statements are presented on the accrual basis of
accounting. Any realized gains or losses from securities transactions are
reported on an identified cost basis.

NOTE 2 - PORTFOLIO
Unrealized Appreciation and Depreciation - An analysis of net unrealized
appreciation (depreciation) at June 30, 2005 is as follows:

Unrealized Appreciation $ 1,268,203
Unrealized Depreciation (831,107)
---------------
$ 437,096
===============

NOTE 3- OTHER
Marketability - Although it is not obligated to do so, the Underwriter
intends to maintain a market for Units and to continuously offer to purchase
Units at prices, subject to change at any time, based upon the value of the
Securities in the portfolio of the Trust valued as described in Note 1, plus
accumulated dividends to the date of settlement. If the supply of Units exceeds
demand, or for other business reasons, the Underwriter may discontinue purchases
of Units at such prices. In the event that a market is not maintained for the
Units, a Unitholder desiring to dispose of his Units may be able to do so only
by tendering such units to the Trustee for redemption at the redemption price.

Cost to Investors - The cost to original investors was based on adding to the
underlying value of the Securities per Unit on the date of an investor's
purchase, plus an amount equal to the maximum sales charge of 3.8% of the public
offering price which is equivalent to 3.950% of the aggregate underlying value
of the Securities . On each July 10, commencing July 10, 2002, the secondary
market sales charge will decrease by .5 of 1% to a minimum sales charge of 2.3%.

Compensation of Evaluator and Supervisor - The Supervisor receives a fee for
providing portfolio supervisory services for the Trust ($.0025 per Unit, not to
exceed the aggregate cost of the Supervisor for providing such services to all
applicable Trusts). The Evaluator receives and annual fee for regularly
evaluating the Trust's portfolio. Both fees may be adjusted for increases under
the category "All Services Less Rent of Shelter" in the Consumer Price Index.

NOTE 4 - REDEMPTION OF UNITS

During each of the three years ended June 30, 2005 79,897 Units, 112,042
Units, and 136,619 Units, respectively, were presented for redemption.

NOTE 5 - FINANCIAL HIGHLIGHTS

Select Growth Trust, July 2001 Series
2004 2005
------------ ------------
Per Share Operating Performance:
Net asset value, beginning of period.... $ 7.62 $ 8.62
------------ ------------
Income from investment operations:
Net investment income................ 0.15 0.18
Net realized and unrealized gain (loss)
on investment transactions (a).... 1.01 0.19
------------ ------------
Total from investment operations........ 1.16 0.37
------------ ------------
Distributions to Unitholders from:
Net investment income................... (0.16) (0.20)
Bond sale and redemption proceeds....... -- --
------------ ------------
Total distributions to Unitholders...... (0.16) (0.20)
------------ ------------
Net asset value, end of period.......... $ 8.62 $ 8.79
============ ============
Total Return:.............................. 15.27% 4.27%
Ratios as a Percentage of Average Net Assets:
Expenses................................ 0.22% 0.21%
Net investment income................... 1.76% 2.10%

--------------------------------------------------------------------------------

(a) Realized and unrealized gains and losses per unit include the balancing
amounts necessary to reconcile the change in net asset value per unit. The
per unit amount may be significantly affected based on the changes in units
outstanding during the year.

SELECT GROWTH TRUST

PROSPECTUS PART TWO

This prospectus contains two parts.

No one may use this Prospectus Part Two unless accompanied by
Prospectus Part One.

You should read this prospectus and retain it for future reference.

--------------------------------------------------------------------------------

The Securities and Exchange Commission has not approved or disapproved of
the Trust units or passed upon the adequacy or accuracy of this prospectus.

Any contrary representation is a criminal offense.

VAN KAMPEN
INVESTMENTS

THE TRUST
--------------------------------------------------------------------------------

The Trust was created under the laws of the State of New York pursuant to a
Trust Indenture and Trust Agreement (the "Trust Agreement") among Van Kampen
Funds Inc., as Sponsor, Edward D. Jones & Co., L.P., as Supervisor, The Bank of
New York, as Trustee and, for certain Trusts, as Evaluator, or their
predecessors. Effective April 23, 2001, American Portfolio Evaluation Services
resigned as Evaluator and The Bank of New York was appointed successor
Evaluator. The Trust offers the opportunity to purchase Units representing
proportionate interests in a portfolio of equity securities. The Trust may be an
appropriate medium for investors who desire to participate in a portfolio of
common stocks with greater diversification than they might be able to acquire
individually.

On the Initial Date of Deposit, the Sponsor deposited delivery statements
relating to contracts for the purchase of the Securities and an irrevocable
letter of credit in the amount required for these purchases with the Trustee. In
exchange for these contracts the Trustee delivered to the Sponsor documentation
evidencing the ownership of Units of the Trust. Unless otherwise terminated as
provided in the Trust Agreement, the Trust will terminate on the Mandatory
Termination Date and any remaining Securities will be liquidated or distributed
by the Trustee within a reasonable time. As used in this Prospectus the term
"Securities" means the securities (including contracts to purchase these
securities) listed in "Portfolio" in Part One and any additional securities
deposited into the Trust.

Additional Units may be issued at any time by depositing in the Trust (i)
additional Securities, (ii) contracts to purchase Securities together with cash
or irrevocable letters of credit or (iii) cash (or a letter of credit or the
equivalent) with instructions to purchase additional Securities. As additional
Units are issued by the Trust, the aggregate value of the Securities will be
increased and the fractional undivided interest represented by each Unit will be
decreased. The Sponsor may continue to make additional deposits into the Trust
following the Initial Date of Deposit provided that the additional deposits will
be in amounts which will maintain, as nearly as practicable, the same percentage
relationship among the number of shares of each Security in the Trust's
portfolio that existed immediately prior to the subsequent deposit. Investors
may experience a dilution of their investments and a reduction in their
anticipated income because of fluctuations in the prices of the Securities
between the time of the deposit and the purchase of the Securities and because
the Trust will pay the associated brokerage or acquisition fees. Purchases and
sales of Securities by your Portfolio may impact the value of the Securities.
This may especially be the case during the initial offering of Units, upon Trust
termination and in the course of satisfying large Unit redemptions.

Each Unit initially offered represents an undivided interest in the Trust. To
the extent that any Units are redeemed by the Trustee or additional Units are
issued as a result of additional Securities being deposited by the Sponsor, the
fractional undivided interest in the Trust represented by each unredeemed Unit
will increase or decrease accordingly, although the actual interest in the Trust
will remain unchanged. Units will remain outstanding until redeemed upon tender
to the Trustee by Unitholders, which may include the Sponsor, or until the
termination of the Trust Agreement.

The Trust consists of (a) the Securities (including contracts for the
purchase thereof) listed under the "Portfolio" in Part One as may continue to be
held from time to time in the Trust, (b) any additional Securities acquired and
held by the Trust pursuant to the provisions of the Trust Agreement and (c) any
cash held in the related Income and Capital Accounts. Neither the Sponsor nor
the Trustee shall be liable in any way for any failure in any of the Securities.

OBJECTIVES AND SECURITIES SELECTION
--------------------------------------------------------------------------------

The Trust seeks capital appreciation by investing in a portfolio of stocks
from the Edward Jones Model Stock Portfolio prior to the formation of the Trust.
We cannot guarantee that the Trust will achieve its objective. In selecting the
Securities, Edward D. Jones & Co., L.P. ("Edward Jones") considered companies
recognized as leaders in their respective industries, diversification across a
broad range of economic sectors seeking to manage the inherent risk associated
with stocks, and companies in a position to benefit from worldwide growth.
Investing in blue chip stocks may provide the potential for capital appreciation
and dividend income.

Many of the companies in the Trust are considered blue-chip by Edward Jones
and are industry leaders in their respective markets. These companies are
typically well-managed, financially strong and proven performers. As large
corporations, they also share several characteristics: leading market share in
their industry; diversified line of products and/or services; well-capitalized;
research and development prowess providing new high-quality products; and large
advertising budgets capable of producing consistent sales.

Companies that demonstrate both worldwide business prospects and a dominant
position in a particular industry may have a distinct competitive advantage.
Such companies are targeted by the Model Stock Portfolio. Although the world
economy may be more interconnected than ever before, not all regions of the
world have the same economic environment. Consequently, a company that provides
products and services in several countries can often weather difficult periods
in one geographic region while gaining business in another. The Model Stock
Portfolio offers a broad base of companies whose goods and services are used
worldwide, which may help reduce overall investment risk.

Of course, we cannot guarantee that the Trust will achieve its objective. The
value of your Units may fall below the price you paid for the Units. You should
read the "Risk Factors" section before you invest. In offering the Units to the
public, neither the Sponsor nor any broker-dealers are recommending any of the
individual Securities but rather the entire pool of Securities, taken as a
whole, which are represented by the Units.

Edward Jones uses the list of Securities in its independent capacity as an
investment adviser and distributes this information to various individuals and
entities. Edward Jones may recommend or effect transactions in the Securities.
This may have an adverse effect on the prices of the Securities. This also may
have an impact on the price the Trust pays for the Securities and the price
received upon Unit redemptions or Trust termination.

Edward Jones has acquired or may acquire the Securities for the Sponsor and
may benefit from doing so. Edward Jones acts as agent or principal in connection
with the purchase and sale of equity securities, including the Securities, and
may act as a market maker in the Securities. Edward Jones also issues reports
and makes recommendations on the Securities. The Edward Jones research
department may receive compensation based on commissions generated by research
and/or sales of Units.

RISK FACTORS
--------------------------------------------------------------------------------

All investments involve risk. This section describes the main risks that can
impact the value of the securities in your Trust. You should understand these
risks before you invest. If the value of the securities falls, the value of your
Units will also fall. We cannot guarantee that your Trust will achieve its
objective or that your investment return will be positive over any period.

MARKET RISK. Market risk is the risk that the value of the securities in your
Trust will fluctuate. This could cause the value of your Units to fall below
your original purchase price. Market value fluctuates in response to various
factors. These can include changes in interest rates, inflation, the financial
condition of a security's issuer, perceptions of the issuer, or ratings on a
security of the issuer. Even though your Trust is supervised, you should
remember that we do not manage your Trust. Your Trust will not sell a security
solely because the market value falls as is possible in a managed fund.

DIVIDEND PAYMENT RISK. Dividend payment risk is the risk that an issuer of a
security is unwilling or unable to pay income on a security. Stocks represent
ownership interests in the issuers and are not obligations of the issuers.
Common stockholders have a right to receive dividends only after the company has
provided for payment of its creditors, bondholders and preferred stockholders.
Common stocks do not assure dividend payments. Dividends are paid only when
declared by an issuer's board of directors and the amount of any dividend may
vary over time.

MODEL STOCK PORTFOLIO CORRELATION. The Trust invests in stocks from the
Edward Jones Model Stock Portfolio selected prior to the date of the Trust's
formation. The Trust may not include all of the Model Stock Portfolio stocks and
the stocks in the Trust will not change if the Model Stock Portfolio components
change. The performance of the Portfolio may not correspond with the Model Stock
Portfolio for this reason and because the Trust incurs a sales charge and
expenses.

NO FDIC GUARANTEE. An investment in your Trust is not a deposit of any bank
and is not insured or guaranteed by the Federal Deposit Insurance Corporation or
any other government agency.

CONSUMER PRODUCT AND RETAIL ISSUERS. The Trust invests significantly in
companies that manufacture or sell various consumer products. Any negative
impact on this industry will have a greater impact on the value of Units than on
a portfolio diversified over several industries. You should understand the risks
of this industry before you invest. General risks of these companies include the
general state of the economy, intense competition and consumer spending trends.
A decline in the economy which results in a reduction of consumers' disposable
income can negatively impact spending habits. Competitiveness in the retail
industry will require large capital outlays for the installation of automated
checkout equipment to control inventory, track the sale of items and gauge the
success of sales campaigns. Retailers who sell their products over the Internet
have the potential to access more consumers, but will require sophisticated
technology to remain competitive.

NO FDIC GUARANTEE. An investment in your Trust is not a deposit of any bank
and is not insured or guaranteed by the Federal Deposit Insurance Corporation or
any other government agency.

PUBLIC OFFERING
--------------------------------------------------------------------------------

GENERAL. Units are offered at the Public Offering Price which includes the
underlying value of the Securities, the sales charge, and cash, if any, in the
Income and Capital Accounts. The "Summary of Financial Information" in Part One
describes the sales charge in detail.

REDUCING YOUR SALES CHARGE. The Sponsor offers a variety of ways for you to
reduce the sales charge that you pay. It is your financial professional's
responsibility to alert the Sponsor of any discount when you purchase Units.
Before you purchase Units you must also inform your financial professional of
your qualification for any discount or of any combined purchases to be eligible
for a reduced sales charge. You may not combine discounts.

EMPLOYEES. Employees, officers and directors (including their spouses and
children under 21 living in the same household, and trustees, custodians or
fiduciaries for the benefit of such persons) of Van Kampen Funds Inc. and its
affiliates, dealers and their affiliates may purchase Units at the Public
Offering Price less the applicable dealer concession.

The minimum purchase is generally 200 Units but may vary by selling firm.
Certain broker-dealers or selling firms may charge an order handling fee for
processing Unit purchases.

UNIT PRICE. The Public Offering Price of Units will vary from the amounts
stated under "Summary of Essential Financial Information" in Part One in
accordance with fluctuations in the prices of the underlying Securities in the
Trust. The Trustee or Evaluator will generally determine the value of the
Securities as of the Evaluation Time on each business day and will adjust the
Public Offering Price of Units accordingly. This Public Offering Price will be
effective for all orders received prior to the Evaluation Time on each business
day. The Evaluation Time is the close of the New York Stock Exchange on each
Trust business day. Orders received by the Trustee or Sponsor for purchases,
sales or redemptions after that time, or on a day which is not a business day,
will be held until the next determination of price. The term "business day", as
used herein and under "Rights of Unitholders--Redemption of Units", excludes
Saturdays, Sundays and holidays observed by the New York Stock Exchange.

The value of portfolio securities is based on the securities' market price
when available. When a market price is not readily available, including
circumstances under which the Trustee determines that a security's market price
is not accurate, a portfolio security is valued at its fair value, as determined
under procedures established by the Trustee or an independent pricing service
used by the Trustee. In these cases, the Trust's net asset value will reflect
certain portfolio securities' fair value rather than their market price. With
respect to securities that are primarily listed on foreign exchanges, the value
of the portfolio securities may change on days when you will not be able to
purchase or sell Units. The value of any foreign securities is based on the
applicable currency exchange rate as of the Evaluation Time. The Sponsor will
provide price dissemination and oversight services to the Trust.

UNIT DISTRIBUTION. Units will be distributed to the public by the Sponsor,
broker-dealers and others at the Public Offering Price. Units repurchased in the
secondary market, if any, may be offered by this Prospectus at the secondary
market Public Offering Price in the manner described above.

The Sponsor intends to qualify Units for sale in a number of states. Brokers,
dealers and others will be allowed a concession or agency commission in
connection with the distribution of Units of 65% of the applicable sales charge.

Except as provided in this section. Any discount provided to investors will
be borne by the selling dealer or agent as indicated under "General" above.
Notwithstanding anything to the contrary herein, in no case shall the total of
any concessions, agency commissions and any additional compensation allowed or
paid to any broker, dealer or other distributor of Units with respect to any
individual transaction exceed the total sales charge applicable to such
transaction. The Sponsor reserves the right to reject, in whole or in part, any
order for the purchase of Units and to change the amount of the concession or
agency commission to dealers and others from time to time.

We may provide, at our own expense and out of our own profits, additional
compensation and benefits to broker-dealers who sell Units of this Trust and our
other products. This compensation is intended to result in additional sales of
our products and/or compensate broker-dealers and financial advisors for past
sales. We may make these payments for marketing, promotional or related
expenses, including, but not limited to, expenses of entertaining retail
customers and financial advisors, advertising, sponsorship of events or
seminars, obtaining shelf space in broker-dealer firms and similar activities
designed to promote the sale of the Trust and our other products. Fees may
include payment for travel expenses, including lodging, incurred in connection
with trips taken by invited registered representatives for meetings or seminars
of a business nature. These arrangements will not change the price you pay for
your Units.

SPONSOR AND OTHER COMPENSATION. The Sponsor will receive the total sales
charge applicable to each transaction. Except as provided under "Unit
Distribution" above, any sales charge discount provided to investors will be
borne by the selling broker-dealer or agent. In addition, the Sponsor will
realize a profit or loss as a result of the difference between the price paid
for the Securities by the Sponsor and the cost of the Securities to the Trust on
the Initial Date of Deposit as well as on subsequent deposits. See "Notes to
Trust". The Sponsor has not participated as sole underwriter or as manager or as
a member of the underwriting syndicates or as an agent in a private placement
for any of the Securities. The Sponsor may realize profit or loss as a result of
the possible fluctuations in the market value of Units held by the Sponsor for
sale to the public. In maintaining a secondary market, the Sponsor will realize
profits or losses in the amount of any difference between the price at which
Units are purchased and the price at which Units are resold (which price
includes the applicable sales charge) or from a redemption of repurchased Units
at a price above or below the purchase price. Cash, if any, made available to
the Sponsor prior to the date of settlement for the purchase of Units may be
used in the Sponsor's business and may be deemed to be a benefit to the Sponsor,
subject to the limitations of the Securities Exchange Act of 1934.

The Sponsor or an affiliate may have participated in a public offering of one
or more of the Securities. The Sponsor, an affiliate or their employees may have
a long or short position in these Securities or related securities. An affiliate
may act as a specialist or market maker for these Securities. An officer,
director or employee of the Sponsor or an affiliate may be an officer or
director for issuers of the Securities.

MARKET FOR UNITS. Although it is not obligated to do so, the Sponsor
currently intends to maintain a market for Units and to purchase Units at the
secondary market repurchase price. The Sponsor may discontinue purchases of
Units or discontinue purchases at this price at any time. In the event that a
secondary market is not maintained, a Unitholder will be able to dispose of
Units by tendering them to the Trustee for redemption at the Redemption Price.
See "Rights of Unitholders--Redemption of Units". Unitholders should contact
their broker to determine the best price for Units in the secondary market. The
Trustee will notify the Sponsor of any Units tendered for redemption. If the
Sponsor's bid in the secondary market equals or exceeds the Redemption Price per
Unit, it may purchase the Units not later than the day on which Units would have
been redeemed by the Trustee. The Sponsor may sell repurchased Units at the
secondary market Public Offering Price per Unit.

RETIREMENT ACCOUNTS
--------------------------------------------------------------------------------

Units are available for purchase in connection with certain types of
tax-sheltered retirement plans, including Individual Retirement Accounts for
individuals, Simplified Employee Pension Plans for employees, qualified plans
for self-employed individuals, and qualified corporate pension and profit
sharing plans for employees. The purchase of Units may be limited by the plans'
provisions and does not itself establish such plans.

RIGHTS OF UNITHOLDERS
--------------------------------------------------------------------------------

DISTRIBUTIONS. Dividends, net of expenses, and any net proceeds from the sale
of Securities received by the Trust will generally be distributed to Unitholders
on each Distribution Date to Unitholders of record on the preceding Record Date.
These dates appear under "Summary of Essential Financial Information".
Unitholders will also receive a final distribution of dividends when the Trust
terminates. A person becomes a Unitholder of record on the date of settlement
(generally three business days after Units are ordered). Unitholders may elect
to receive distributions in cash or to have distributions reinvested into
additional Units. Distributions may also be reinvested into Van Kampen mutual
funds. See "Rights of Unitholders--Reinvestment Option".

Dividends received by a Trust are credited to the Income Account of the
Trust. Other receipts (e.g., capital gains, proceeds from the sale of
Securities, etc.) are credited to the Capital Account. Proceeds received on the
sale of any Securities, to the extent not used to meet redemptions of Units or
pay fees or expenses, will be distributed to Unitholders. Proceeds received from
the disposition of any Securities after a record date and prior to the following
distribution date will be held in the Capital Account and not distributed until
the next distribution date. Any distribution to Unitholders consists of each
Unitholder's pro rata share of the available cash in the Income and Capital
Accounts as of the related Record Date.

REINVESTMENT OPTION. Unitholders may have distributions automatically
reinvested in additional Units without a sales charge (to the extent Units may
be lawfully offered for sale in the state in which the Unitholder resides)
through two options. Brokers and dealers can use the Dividend Reinvestment
Service through Depository Trust Company or purchase a Reinvest CUSIP, if
available. To participate in this reinvestment option, a Unitholder must file
with the Trustee a written notice of election, together with any certificate
representing Units and other documentation that the Trustee may then require, at
least five days prior to the related Record Date. A Unitholder's election will
apply to all Units owned by the Unitholder and will remain in effect until
changed by the Unitholder. If Units are unavailable for reinvestment,
distributions will be paid in cash.

In addition, under the Planned Reinvestment Option (PRO) Unithholders may
elect to have distributions automatically reinvested in certain Van Kampen
mutual funds (the "Reinvestment Funds"). Each Reinvestment Fund has investment
objectives which differ from those of the Trust. The prospectus relating to each
Reinvestment Fund describes its investment policies and how to begin
reinvestment. A Unitholder may obtain a prospectus for the Reinvestment Funds
from the Sponsor. Purchases of shares of a Reinvestment Fund will be made at a
net asset value computed on the Distribution Date. Unitholders with an existing
PRO account (whereby a sales charge is imposed on distribution reinvestments)
may transfer their existing account into a new account which allows purchases of
Reinvestment Fund shares at net asset value.

A participant may elect to terminate his or her reinvestment plan and receive
future distributions in cash by notifying the Trustee in writing no later than
five days before a distribution date. The Sponsor, each Reinvestment Fund, and
its investment adviser shall have the right to suspend or terminate these
reinvestment plans at any time.

REDEMPTION OF UNITS. A Unitholder may redeem all or a portion of his Units by
tender to the Trustee at Unit Investment Trust Division, 101 Barclay Street,
20th Floor, New York, New York 10286. Certificates must be tendered to the
Trustee, duly endorsed or accompanied by proper instruments of transfer with
signature guaranteed (or by providing satisfactory indemnity in connection with
lost, stolen or destroyed certificates) and by payment of applicable
governmental charges, if any. On the seventh day following the tender, the
Unitholder will be entitled to receive in cash an amount for each Unit equal to
the Redemption Price per Unit next computed on the date of tender. The "date of
tender" is deemed to be the date on which Units are received by the Trustee,
except that with respect to Units received by the Trustee after the Evaluation
Time or on a day which is not a Trust business day, the date of tender is deemed
to be the next business day.

Unitholders tendering 2,500 or more Units of the Trust (or such higher amount
as may be required by your broker-dealer or selling agent) for redemption may
request an in kind distribution of Securities equal to the Redemption Price per
Unit on the date of tender. Unitholders may not request an in kind distribution
of Securities during the five business days prior to a Trust's termination. The
Trust generally does not offer in kind distributions of portfolio securities
that are held in foreign markets. An in kind distribution will be made by the
Trustee through the distribution of each of the Securities in book-entry form to
the account of the Unitholder's broker-dealer at Depository Trust Company.
Amounts representing fractional shares will be distributed in cash. The Trustee
may adjust the number of shares of any Security included in a Unitholder's in
kind distribution to facilitate the distribution of whole shares.

The Trustee may sell Securities to satisfy Unit redemptions. To the extent
that Securities are redeemed in kind or sold, the size of the Trust will be, and
the diversity of the Trust may be, reduced. Sales may be required at a time when
Securities would not otherwise be sold and may result in lower prices than might
otherwise be realized. The price received upon redemption may be more or less
than the amount paid by the Unitholder depending on the value of the Securities
at the time of redemption. Special federal income tax consequences will result
if a Unitholder requests an in kind distribution. See "Taxation".

The Redemption Price per Unit and the secondary market repurchase price per
Unit are equal to the pro rata share of each Unit in your Trust determined on
the basis of (i) the cash on hand in the Trust, (ii) the value of the Securities
in the Trust and (iii) dividends receivable on the Securities in the Trust
trading ex-dividend as of the date of computation, less (a) amounts representing
taxes or other governmental charges payable out of the Trust and (b) the accrued
expenses and sales charges of the Trust. For these purposes, the Evaluator will
determine the value of the Securities in the manner set forth under "Public
Offering--Unit Price".

The right of redemption may be suspended and payment postponed for any period
during which the New York Stock Exchange is closed, other than for customary
weekend and holiday closings, or any period during which the SEC determines that
trading on that Exchange is restricted or an emergency exists, as a result of
which disposal or evaluation of the Securities is not reasonably practicable, or
for other periods as the SEC may permit.

UNITS. Ownership of Units is evidenced in book-entry form unless a Unitholder
makes a written request to the Trustee that ownership be in certificate form.
Units are transferable by making a written request to the Trustee and, in the
case of Units in certificate form, by presentation of the certificate to the
Trustee properly endorsed or accompanied by a written instrument or instruments
of transfer. A Unitholder must sign the written request, and certificate or
transfer instrument, exactly as his name appears on the records of the Trustee
and on the face of any certificate with the signature guaranteed by a
participant in the Securities Transfer Agents Medallion Program ("STAMP") or a
signature guarantee program accepted by the Trustee. In certain instances the
Trustee may require additional documents such as, but not limited to, trust
instruments, certificates of death, appointments as executor or administrator or
certificates of corporate authority. Fractional certificates will not be issued.
The Trustee may require a Unitholder to pay a reasonable fee for each
certificate reissued or transferred and to pay any governmental charge that may
be imposed in connection with each transfer or interchange. Destroyed, stolen,
mutilated or lost certificates will be replaced upon delivery to the Trustee of
satisfactory indemnity, evidence of ownership and payment of expenses incurred.
Mutilated certificates must be surrendered to the Trustee for replacement.

REPORTS PROVIDED. Unitholders will receive a statement of dividends and other
amounts received by the Trust for each distribution. Within a reasonable time
after the end of each year, each person who was a Unitholder during that year
will receive a statement describing dividends and capital received, actual Trust
distributions, Trust expenses, a list of the Securities and other Trust
information. Unitholders may obtain evaluations of the Securities upon request
of the Trustee. If you have any questions regarding your account or your Trust,
please contact your financial advisor or the Trustee. The Sponsor does not have
access to individual account information.

TRUST ADMINISTRATION
--------------------------------------------------------------------------------

TRUST ADMINISTRATION. The Trust is not a managed fund and, except as provided
in the Trust Agreement, Securities generally will not be sold or replaced. The
Sponsor may, however, direct that Securities be sold in certain limited
circumstances to protect the Trust based on advice from the Supervisor. These
situations may include events such as the issuer having defaulted on payment of
any of its outstanding obligations or the price of a Security has declined to
such an extent or other credit factors exist so that in the opinion of the
Sponsor retention of the Security would be detrimental to the Trust. If a public
tender offer has been made for a Security or a merger or acquisition has been
announced affecting a Security, the Trustee may either sell the Security or
accept a tender offer for cash if the Supervisor determines that the sale or
tender is in the best interest of Unitholders. The Trustee will distribute any
cash proceeds to Unitholders. In addition, the Trustee may sell Securities to
redeem Units or pay Trust expenses. The Trustee must reject any offer for
securities or property other than cash in exchange for the Securities. If
securities or property are nonetheless acquired by the Trust, the Sponsor may
direct the Trustee to sell the securities or property and distribute the
proceeds to Unitholders or to accept the securities or property for deposit in
the Trust. Should any contract for the purchase of any of the Securities fail,
the Sponsor will (unless substantially all of the moneys held in the Trust to
cover the purchase are reinvested in substitute Securities in accordance with
the Trust Agreement) refund the cash and sales charge attributable to the failed
contract to all Unitholders on or before the next distribution date.

When the Trust sells Securities, the composition and diversity of the
Securities in the Trust may be altered. In order to obtain the best price for
the Trust, it may be necessary for the Supervisor to specify minimum amounts
(generally 100 shares) in which blocks of Securities are to be sold. In
effecting purchases and sales of the Trust's portfolio securities, the Sponsor
may direct that orders be placed with and brokerage commissions be paid to
brokers, including brokers which may be affiliated with the Trust, the Sponsor
or dealers participating in the offering of Units.

AMENDMENT OF THE TRUST AGREEMENT. The Trustee and the Sponsor may amend the
Trust Agreement without the consent of Unitholders to correct any provision
which may be defective or to make other provisions that will not adversely
affect Unitholders (as determined in good faith by the Sponsor and the Trustee).
The Trust Agreement may not be amended to increase the number of Units or permit
acquisition of securities in addition to or substitution for the Securities
(except as provided in the Trust Agreement). The Trustee will notify Unitholders
of any amendment.

TERMINATION. The Trust will terminate on the Mandatory Termination Date or
upon the sale or other disposition of the last Security held in the Trust. The
Trust may be terminated at any time with consent of Unitholders representing
two-thirds of the outstanding Units or by the Trustee when the value of the
Trust is less than $500,000 ($3,000,000 if the value of the Trust has exceeded
$15,000,000) (the "Minimum Termination Value"). The Trust will be liquidated by
the Trustee in the event that a sufficient number of Units of the Trust not yet
sold are tendered for redemption by the Sponsor, so that the net worth of the
Trust would be reduced to less than 40% of the value of the Securities at the
time they were deposited in the Trust. If the Trust is liquidated because of the
redemption of unsold Units by the Sponsor, the Sponsor will refund to each
purchaser of Units the entire sales charge paid by such purchaser. Unitholders
will be notified of any termination. The Trustee may begin to sell Securities in
connection with a Trust termination nine business days before, and no later
than, the Mandatory Termination Date. Approximately thirty days before this
date, the Trustee will notify Unitholders of the termination and provide a form
enabling qualified Unitholders to elect an in kind distribution of Securities.
You are qualified to elect an in kind distribution of Securities at termination
if you own at least 1,000 Units of your Trust on the termination date (or such
higher amount as may be required by your broker-dealer or selling agent). Any in
kind distribution of Securities at termination will be made in the manner and
subject to the restrictions described under "Rights of Unitholders--Redemption
of Units". In order to receive an in kind distribution of Securities at
termination, this form or other notice acceptable to the Trustee must be
received by the Trustee at least five business days prior to the Mandatory
Termination Date. Unitholders will receive a final cash distribution within a
reasonable time after the Mandatory Termination Date. All distributions will be
net of Trust expenses and costs. Unitholders will receive a final distribution
statement following termination. The Information Supplement contains further
information regarding termination of the Trust. See "Additional Information".

LIMITATIONS ON LIABILITIES. The Sponsor, Evaluator, Supervisor and Trustee
are under no liability for taking any action or for refraining from taking any
action in good faith pursuant to the Trust Agreement, or for errors in judgment,
but shall be liable only for their own willful misfeasance, bad faith or gross
negligence (negligence in the case of the Trustee) in the performance of their
duties or by reason of their reckless disregard of their obligations and duties
hereunder. The Trustee is not liable for depreciation or loss incurred by reason
of the sale by the Trustee of any of the Securities. In the event of the failure
of the Sponsor to act under the Trust Agreement, the Trustee may act thereunder
and is not liable for any action taken by it in good faith under the Trust
Agreement. The Trustee is not liable for any taxes or other governmental charges
imposed on the Securities, on it as Trustee under the Trust Agreement or on the
Trust which the Trustee may be required to pay under any present or future law
of the United States of America or of any other taxing authority having
jurisdiction. In addition, the Trust Agreement contains other customary
provisions limiting the liability of the Trustee. The Trustee, Sponsor and
Supervisor may rely on any evaluation furnished by the Evaluator and have no
responsibility for the accuracy thereof. Determinations by the Evaluator shall
be made in good faith upon the basis of the best information available to it.

SPONSOR. Van Kampen Funds Inc. is the Sponsor of the Trust. The Sponsor is a
wholly owned subsidiary of Van Kampen Investments Inc. ("Van Kampen
Investments"). Van Kampen Investments is a diversified asset management company
that administers more than three million retail investor accounts, has extensive
capabilities for managing institutional portfolios and has more than $98 billion
under management or supervision as of February 28, 2005. Van Kampen Investments
has more than 50 open-end funds, more than 30 closed-end funds and more than
2,700 unit investment trusts that are distributed by authorized dealers
nationwide. Van Kampen Investments is an indirect wholly owned subsidiary of
Morgan Stanley, a preeminent global financial services firm that maintains
leading market positions in each of its three primary businesses: securities,
asset management and credit services. Morgan Stanley is a full service
securities firm engaged in securities trading and brokerage activities,
investment banking, research and analysis, financing and financial advisory
services. The Sponsor's principal office is located at 1221 Avenue of the
Americas, New York, New York 10020. As of February 28, 2005, the total
stockholders' equity of Van Kampen Funds Inc. was $235,349,973 (unaudited).

Van Kampen Funds Inc. and your Trust have adopted a code of ethics requiring
Van Kampen's employees who have access to information on Trust transactions to
report personal securities transactions. The purpose of the code is to avoid
potential conflicts of interest and to prevent fraud, deception or misconduct
with respect to your Trust. The Information Supplement contains additional
information about the Sponsor.

If the Sponsor shall fail to perform any of its duties under the Trust
Agreement or become incapable of acting or shall become bankrupt or its affairs
are taken over by public authorities, then the Trustee may (i) appoint a
successor Sponsor at rates of compensation deemed by the Trustee to be
reasonable and not exceeding amounts prescribed by the Securities and Exchange
Commission, (ii) terminate the Trust Agreement and liquidate the Trust as
provided therein or (iii) continue to act as Trustee without terminating the
Trust Agreement.

TRUSTEE. The Trustee is The Bank of New York, a trust company organized under
the laws of New York. The Bank of New York has its principal unit investment
trust division offices at 2 Hanson Place, 12th Floor, Brooklyn, New York 11217,
(800) 221-7668. If you have questions regarding your account or your Trust,
please contact the Trustee at its principal unit investment trust division
offices or your financial adviser. The Sponsor does not have access to
individual account information. The Bank of New York is subject to supervision
and examination by the Superintendent of Banks of the State of New York and the
Board of Governors of the Federal Reserve System, and its deposits are insured
by the Federal Deposit Insurance Corporation to the extent permitted by law.
Additional information regarding the Trustee is set forth in the Information
Supplement, including the Trustee's qualifications and duties, its ability to
resign, the effect of a merger involving the Trustee and the Sponsor's ability
to remove and replace the Trustee. See "Additional Information".

TAXATION
--------------------------------------------------------------------------------

This section summarizes some of the main U.S. federal income tax consequences
of owning Units of the Trust. This section is current as of the date of this
prospectus. Tax laws and interpretations change frequently, and these summaries
do not describe all of the tax consequences to all taxpayers. For example, these
summaries generally do not describe your situation if you are a corporation, a
non-U.S. person, a broker/dealer, or other investor with special circumstances.
In addition, this section does not describe your state or foreign taxes. As with
any investment, you should consult your own tax professional about your
particular consequences. In addition, the Internal Revenue Service issued new
withholding and reporting regulations effective January 1, 2001. Foreign
investors should consult their own tax advisors regarding the tax consequences
of these regulations.

TRUST STATUS. The Trust will not be taxed as a corporation for federal income
tax purposes. As a Unit owner, you will be treated as the owner of a pro rata
portion of the Securities and other assets held by the Trust, and as such you
will be considered to have received a pro rata share of income (e.g., dividends
and capital gains, if any) from each Trust asset when such income would be
considered to be received by you if you directly owned the Trust's assets. This
is true even if you elect to have your distributions automatically reinvested
into additional Units. In addition, the income from the Trust which you must
take into account for federal income tax purposes is not reduced by amounts used
to pay Trust expenses (including the deferred sales charge, if any).

YOUR TAX BASIS AND INCOME OR LOSS UPON DISPOSITION. If the Trust disposes of
Securities, you will generally recognize gain or loss. If you dispose of your
Units or redeem your Units for cash, you will also generally recognize gain or
loss. To determine the amount of this gain or loss, you must subtract your tax
basis in the related Securities from your share of the total amount received in
the transaction. You can generally determine your initial tax basis in each
Security or other Trust asset by apportioning the cost of your Units, generally
including sales charges, among each Security or other Trust asset ratably
according to their value on the date you purchase your Units. In certain
circumstances, however, you may have to adjust your tax basis after you purchase
your Units (for example, in the case of certain dividends that exceed a
corporation's accumulated earnings and profits).

Under the "Jobs and Growth Tax Relief Reconciliation Act of 2003" (the "Tax
Act"), if you are an individual, the maximum marginal federal tax rate for net
capital gain is generally 15% (generally 5% for certain taxpayers in the 10% and
15% tax brackets). These capital gains rates are generally effective for taxable
years beginning before January 1, 2009. For periods not covered by these reduced
rates under the Tax Act, if you are an individual, the maximum marginal federal
tax rate for net capital gain is generally 20% (10% for certain taxpayers in the
10% and 15% tax brackets). The 20% rate is reduced to 18% and the 10% rate is
reduced to 8% for long-term gains from most property acquired after December 31,
2000, with a holding period of more than five years.

Net capital gain equals net long-term capital gain minus net short-term
capital loss for the taxable year. Capital gain or loss is long-term if the
holding period for the asset is more than one year and is short-term if the
holding period for the asset is one year or less. You must exclude the date you
purchase your Units to determine your holding period. The tax rates for capital
gains realized from assets held for one year or less are generally the same as
for ordinary income. The Internal Revenue Code, however, treats certain capital
gains as ordinary income in special situations.

In addition, it should be noted that certain dividends received by the Trust
may qualify to be taxed at the same rates that apply to net capital gain under
the Tax Act (as discussed above), provided certain holding requirements are
satisfied. These special rules relating to the taxation of dividends at capital
gains rates generally apply to taxable years beginning before January 1, 2009.

DIVIDENDS RECEIVED DEDUCTION. Generally, a domestic corporation owning Units
in the Trust may be eligible for the dividends received deduction with respect
to such Unitholder's pro rata portion of certain types of dividends received by
the Trust. However, a corporation generally will not be entitled to the
dividends received deduction with respect to dividends from most foreign
corporations.

EXCHANGES. If you elect to have your proceeds from the Trust rolled over into
the next series of the Trust, it is considered a sale for federal income tax
purposes, and any gain on the sale will be treated as a capital gain, and any
loss will be treated as a capital loss. However, any loss you incur in
connection with the exchange of your Units of the Trust for units of the next
series will generally be disallowed with respect to this deemed sale and
subsequent deemed repurchase, to the extent the two trusts have substantially
identical Securities or other Trust assets under the wash sale provisions of the
Internal Revenue Code.

IN-KIND DISTRIBUTIONS. Under certain circumstances, as described in this
prospectus, you may request a distribution of Securities (an "In-Kind
Distribution") when you redeem your Units or at the Trust's termination. By
electing to receive an In-Kind Distribution, you will receive whole shares of
stock plus, possibly, cash. You will not recognize gain or loss if you only
receive Securities in exchange for your pro rata portion of the Securities held
by the Trust. However, if you also receive cash in exchange for a Trust asset or
a fractional share of a Security held by the Trust, you will generally recognize
gain or loss based on the difference between the amount of cash you receive and
your tax basis in such Trust asset or fractional share.

LIMITATIONS ON THE DEDUCTIBILITY OF TRUST EXPENSES. Generally, for federal
income tax purposes, you must take into account your full pro rata share of the
Trust's income, even if some of that income is used to pay Trust expenses. You
may deduct your pro rata share of each expense paid by the Trust to the same
extent as if you directly paid the expense. You may, however, be required to
treat some or all of the expenses of the Trust as miscellaneous itemized
deductions. Individuals may only deduct certain miscellaneous itemized
deductions to the extent they exceed 2% of adjusted gross income.

FOREIGN, STATE AND LOCAL TAXES. Distributions by the Trust that are treated
as U.S. source income (e.g., dividends received on Securities of domestic
corporations) will generally be subject to U.S. income taxation and withholding
in the case of Units held by non-resident alien individuals, foreign
corporations or other non-U.S. persons, subject to any applicable treaty.
However, distributions by the Trust that are derived from certain dividends of
Securities of a foreign corporation may not be subject to U.S. income taxation
and withholding in the case of Units held by non-resident alien individuals,
foreign corporations or other non-U.S. persons.

Some distributions by the Trust may be subject to foreign withholding taxes.
Any dividends withheld will nevertheless be treated as income to you. However,
because you are deemed to have paid directly your share of foreign taxes that
have been paid or accrued by the Trust, you may be entitled to a foreign tax
credit or deduction for U.S. tax purposes with respect to such taxes.

Under the existing income tax laws of the State and City of New York, the
Trust will not be taxed as a corporation, and the income of the Trust will be
treated as the income of the Unitholders in the same manner as for federal
income tax purposes.

TRUST OPERATING EXPENSES
--------------------------------------------------------------------------------

GENERAL. The fees and expenses of your Trust will generally accrue on a daily
basis. Trust operating fees and expenses are generally paid out of the Income
Account to the extent funds are available, and then from the Capital Account.
Organization costs are generally paid out of the Capital Account of your Trust.
It is expected that Securities will be sold to pay these amounts which will
result in capital gains or losses to Unitholders. See "Taxation". These sales
will reduce future income distributions. The Sponsor's, Supervisor's and
Trustee's fees may be increased without approval of the Unitholders by amounts
not exceeding proportionate increases under the category "All Services Less Rent
of Shelter" in the Consumer Price Index or, if this category is not published,
in a comparable category.

TRUSTEE'S FEE. For its services the Trustee will receive the fee from the
Trust set forth in the "Summary of Essential Financial Information: in Part One.
The Trustee benefits to the extent there are funds in the Capital and Income
Accounts since these Accounts are non-interest bearing to Unitholders and the
amounts earned by the Trustee are retained by the Trustee. Part of the Trustee's
compensation for its services to the Trust is expected to result from the use of
these funds.

COMPENSATION OF SPONSOR, SUPERVISOR AND EVALUATOR. The Evaluator will receive
the annual fee for portfolio evaluation services set forth in the "Summary of
Essential Financial Information" in Part One. The Supervisor will receive the
annual fee for portfolio supervisory services set forth in the "Summary of
Essential Financial Information" in Part One. The Sponsor's and Supervisor's
fees may exceed the actual costs of providing these services to the Trust but at
no time will the total amount received for supervisory and evaluation services
rendered to all Van Kampen unit investment trusts in any calendar year exceed
the aggregate cost of providing these services in that year.

MISCELLANEOUS EXPENSES. The following additional charges are or may be
incurred by your Trust: (a) normal expenses (including the cost of mailing
reports to Unitholders) incurred in connection with the operation of the Trust,
(b) fees of the Trustee for extraordinary services, (c) expenses of the Trustee
(including legal and auditing expenses) and of counsel designated by the
Sponsor, (d) various governmental charges, (e) expenses and costs of any action
taken by the Trustee to protect the Trust and the rights and interests of
Unitholders, (f) indemnification of the Trustee for any loss, liability or
expenses incurred in the administration of the Trust without negligence, bad
faith or wilful misconduct on its part, (g) foreign custodial and transaction
fees, (h) costs associated with liquidating the securities held in the Trust,
(i) any offering costs incurred after the end of the initial offering period and
(j) expenditures incurred in contacting Unitholders upon termination of the
Trust. The Trust may pay the expenses of updating its registration statement
each year.

OTHER MATTERS
--------------------------------------------------------------------------------

LEGAL OPINIONS. The legality of the Units offered hereby has been passed upon
by Chapman and Cutler LLP, 111 West Monroe Street, Chicago, Illinois 60603, as
counsel for the Sponsor. Katten Muchin Zavis Rosenman has acted as counsel to
the Trustee and as special counsel for New York tax matters.

INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM. The statement of condition and
the related portfolio included in this Prospectus have been audited by Grant
Thornton LLP, independent registered public accounting firm, as set forth in
their report in this Prospectus, and are included herein in reliance upon the
authority of said firm as experts in accounting and auditing.

ADDITIONAL INFORMATION
--------------------------------------------------------------------------------

This prospectus does not contain all the information set forth in the
Registration Statement filed by the Trust with the SEC. The Information
Supplement, which has been filed with the SEC and is incorporated herein by
reference, includes more detailed information concerning the Securities,
investment risks and general information about the Trust. Information about your
Trust (including the Information Supplement) can be reviewed and copied at the
SEC's Public Reference Room in Washington, D.C. You may obtain information about
the Public Reference Room by calling 1-202-942-8090. Reports and other
information about your Trust are available on the EDGAR Database on the SEC's
Internet site at http://www.sec.gov. Copies of this information may be obtained,
after paying a duplication fee, by electronic request at the following e-mail
address: publicinfo@sec.gov or by writing the SEC's Public Reference Section,
Washington, D.C. 20549-0102.

TABLE OF CONTENTS

TITLE PAGE
----- ----
The Trust................................... 2
Objectives and Securities Selection......... 2
Risk Factors................................ 3
Public Offering............................. 3
Retirement Accounts......................... 4
Rights of Unitholders....................... 5
Trust Administration........................ 6
Taxation.................................... 7
Trust Operating Expenses.................... 9
Other Matters............................... 9
Additional Information...................... 9

PROSPECTUS
--------------------------------------------------------------------------------
SELECT GROWTH TRUST

VAN KAMPEN
INVESTMENTS

INFORMATION SUPPLEMENT

SELECT GROWTH TRUST

--------------------------------------------------------------------------------

This Information Supplement provides additional information concerning the
risks and operations of the Trust which is not described in the Prospectus. This
Information Supplement should be read in conjunction with the Prospectus. This
Information Supplement is not a prospectus but is incorporated into the
Prospectus by reference. This information supplement does not include all of the
information that an investor should consider before investing in the Trust and
may not be used to offer or sell Units without the Prospectus. Copies of the
Prospectus can be obtained by contacting the Sponsor's unit investment trust
division located at 1 Parkview Plaza P.O. Box 5555, Oakbrook Terrace, Illinois
60181-5555 or by contacting your broker. This Information Supplement is dated as
of the date of the Prospectus and all capitalized terms have been defined in the
Prospectus.

TABLE OF CONTENTS

PAGE

Risk Factors 2
Sponsor Information 2
Trustee Information 3
Trust Termination 3

VAN KAMPEN
INVESTMENTS

RISK FACTORS

PRICE VOLATILITY. Because the Trust invests in stocks, you should
understand the risks of investing in common stocks before purchasing Units.
These risks include the risk that the financial condition of the company or the
general condition of the stock market may worsen and the value of the stocks
(and therefore Units) will fall. Stocks are especially susceptible to general
stock market movements. The value of stocks often rises or falls rapidly and
unpredictably as market confidence and perceptions of companies change. These
perceptions are based on factors including expectations regarding government
economic policies, inflation, interest rates, economic expansion or contraction,
political climates and economic or banking crises. The value of Units will
fluctuate with the value of the stocks in the Trust and may be more or less than
the price you originally paid for your Units. As with any investment, we cannot
guarantee that the performance of the Trust will be positive over any period of
time. Because the Trust is unmanaged, the Trustee will not sell stocks in
response to market fluctuations as is common in managed investments.

DIVIDENDS. Stocks represent ownership interests in a company and are not
obligations of the company. Common stockholders have a right to receive payments
from the company that is subordinate to the rights of creditors, bondholders or
preferred stockholders of the company. This means that common stockholders have
a right to receive dividends only if a company's board of directors declares a
dividend and the company has provided for payment of all of its creditors,
bondholders and preferred stockholders. If a company issues additional debt
securities or preferred stock, the owners of these securities will have a claim
against the company's assets before common stockholders if the company declares
bankruptcy or liquidates its assets even though the common stock was issued
first. As a result, the company may be less willing or able to declare or pay
dividends on its common stock.

CONSUMER PRODUCT AND RETAIL ISSUERS. The Trust invests significantly in
issuers that manufacture or sell consumer products. The profitability of these
companies will be affected by various factors including the general state of the
economy and consumer spending trends. In the past, there have been major changes
in the retail environment due to the declaration of bankruptcy by some of the
major corporations involved in the retail industry, particularly the department
store segment. The continued viability of the retail industry will depend on the
industry's ability to adapt and to compete in changing economic and social
conditions, to attract and retain capable management, and to finance expansion.
Weakness in the banking or real estate industry, a recessionary economic climate
with the consequent slowdown in employment growth, less favorable trends in
unemployment or a marked deceleration in real disposable personal income growth
could result in significant pressure on both consumer wealth and consumer
confidence, adversely affecting consumer spending habits. In addition,
competitiveness of the retail industry will require large capital outlays for
investment in the installation of automated checkout equipment to control
inventory, to track the sale of individual items and to gauge the success of
sales campaigns. Increasing employee and retiree benefit costs may also have an
adverse effect on the industry. In many sectors of the retail industry,
competition may be fierce due to market saturation, converging consumer tastes
and other factors. Because of these factors and the recent increase in trade
opportunities with other countries, American retailers are now entering global
markets which entail added risks such as sudden weakening of foreign economies,
difficulty in adapting to local conditions and constraints and added research
costs.

LIQUIDITY. Whether or not the stocks in the Trust are listed on a stock
exchange, the stocks may delist from the exchange or principally trade in an
over-the-counter market. As a result, the existence of a liquid trading market
could depend on whether dealers will make a market in the stocks. We cannot
guarantee that dealers will maintain a market or that any market will be liquid.
The value of the stocks could fall if trading markets are limited or absent.

ADDITIONAL UNITS. The Sponsor may create additional Units of the Trust by
depositing into the Trust additional stocks or cash with instructions to
purchase additional stocks. A deposit could result in a dilution of your
investment and anticipated income because of fluctuations in the price of the
stocks between the time of the deposit and the purchase of the stocks and
because the Trust will pay brokerage fees.

VOTING. Only the Trustee may sell or vote the stocks in the Trust. While
you may sell or redeem your Units, you may not sell or vote the stocks in the
Trust. The Sponsor will instruct the Trustee how to vote the stocks. The Trustee
will vote the stocks in the same general proportion as shares held by other
shareholders if the Sponsor fails to provide instructions.

SPONSOR INFORMATION

Van Kampen Funds Inc. is the Sponsor of the Trust. Van Kampen Funds Inc. is
a wholly owned subsidiary of Van Kampen Investments Inc. ("Van Kampen
Investments"). Van Kampen Investments is a diversified asset management company
that administers more than three million retail investor accounts, has extensive
capabilities for managing institutional portfolios and has more than $98 billion
under management or supervision as of February 28, 2005. Van Kampen Investments
has more than 50 open-end funds, more than 30 closed-end funds and more than
2,700 unit investment trusts that are distributed by authorized dealers
nationwide. Van Kampen Investments is an indirect wholly owned subsidiary of
Morgan Stanley, a preeminent global financial services firm that maintains
leading market positions in each of its three primary businesses: securities,
asset management and credit services. Morgan Stanley is a full service
securities firm engaged in securities trading and brokerage activities,
investment banking, research and analysis, financing and financial advisory
services. The Sponsor's principal office is located at 1221 Avenue of the
Americas, New York, New York 10020. As of February 28, 2005, the total
stockholders' equity of Van Kampen Funds Inc. was $235,349,973 (unaudited).
(This paragraph relates only to the Sponsor and not to the Trust or to any other
Series thereof. The information is included herein only for the purpose of
informing investors as to the financial responsibility of the Sponsor and its
ability to carry out its contractual obligations. More detailed financial
information will be made available by the Sponsor upon request).

Van Kampen Funds Inc. and your Trust have adopted a code of ethics
requiring Van Kampen's employees who have access to information on Trust
transactions to report personal securities transactions. The purpose of the code
is to avoid potential conflicts of interest and to prevent fraud, deception or
misconduct with respect to your Trust.

TRUSTEE INFORMATION

The Trustee is The Bank of New York, a trust company organized under the
laws of New York. The Bank of New York has its principal unit investment trust
division offices at 2 Hanson Place, 12th Floor, Brooklyn, New York 11217, (800)
221-7668. The Bank of New York is subject to supervision and examination by the
Superintendent of Banks of the State of New York and the Board of Governors of
the Federal Reserve System, and its deposits are insured by the Federal Deposit
Insurance Corporation to the extent permitted by law.

The duties of the Trustee are primarily ministerial in nature. It did not
participate in the selection of Securities for the Trust.

In accordance with the Trust Agreement, the Trustee shall keep proper books
of record and account of all transactions at its office for the Trust. Such
records shall include the name and address of, and the number of Units of the
Trust held by, every Unitholder. Such books and records shall be open to
inspection by any Unitholder at all reasonable times during the usual business
hours. The Trustee shall make such annual or other reports as may from time to
time be required under any applicable state or federal statute, rule or
regulation. The Trustee is required to keep a certified copy or duplicate
original of the Trust Agreement on file in its office available for inspection
at all reasonable times during the usual business hours by any Unitholder,
together with a current list of the Securities held in the Trust.

Under the Trust Agreement, the Trustee or any successor trustee may resign
and be discharged of its responsibilities created by the Trust Agreement by
executing an instrument in writing and filing the same with the Sponsor. The
Trustee or successor trustee must mail a copy of the notice of resignation to
all Unitholders then of record, not less than 60 days before the date specified
in such notice when such resignation is to take effect. The Sponsor upon
receiving notice of such resignation is obligated to appoint a successor trustee
promptly. If, upon such resignation, no successor trustee has been appointed and
has accepted the appointment within 30 days after notification, the retiring
Trustee may apply to a court of competent jurisdiction for the appointment of a
successor. The Sponsor may remove the Trustee and appoint a successor trustee as
provided in the Trust Agreement at any time with or without cause. Notice of
such removal and appointment shall be mailed to each Unitholder by the Sponsor.
Upon execution of a written acceptance of such appointment by such successor
trustee, all the rights, powers, duties and obligations of the original trustee
shall vest in the successor. The resignation or removal of a Trustee becomes
effective only when the successor trustee accepts its appointment as such or
when a court of competent jurisdiction appoints a successor trustee.

Any corporation into which a Trustee may be merged or with which it may be
consolidated, or any corporation resulting from any merger or consolidation to
which a Trustee shall be a party, shall be the successor trustee. The Trustee
must be a banking corporation organized under the laws of the United States or
any state and having at all times an aggregate capital, surplus and undivided
profits of not less than $5,000,000.

In offering the Units to the public, neither the Sponsor nor any
broker-dealers are recommending any of the individual Securities but rather the
entire pool of Securities, taken as a whole, which are represented by the Units.

TRUST TERMINATION

The Trust may be liquidated at any time by consent of Unitholders
representing 66 2/3% of the Units of such Trust then outstanding or by the
Trustee when the value of the Securities owned by the Trust, as shown by any
evaluation, is less than $500,000 ($3,000,000 if the value of the Trust has
exceeded $15,000,000). The Trust will be liquidated by the Trustee in the event
that a sufficient number of Units of the Trust not yet sold are tendered for
redemption by the Sponsor, so that the net worth of such Trust would be reduced
to less than 40% of the value of the Securities at the time they were deposited
in the Trust. If the Trust is liquidated because of the redemption of unsold
Units by the Sponsor, the Sponsor will refund to each purchaser of Units the
entire sales charge paid by such purchaser. The Trust Agreement will terminate
upon the sale or other disposition of the last Security held thereunder, but in
no event will it continue beyond the Mandatory Termination Date.

Commencing during the period beginning nine business days prior to, and no
later than, the Mandatory Termination Date, Securities may begin to be sold in
connection with the termination of the Trust. The Sponsor will determine the
manner, timing and execution of the sales of the Securities. The Sponsor shall
direct the liquidation of the Securities in such manner as to effectuate orderly
sales and a minimal market impact. In the event the Sponsor does not so direct,
the Securities shall be sold within a reasonable period and in such manner as
the Trustee, in its sole discretion, shall determine. At least 30 days before
the Mandatory Termination Date the Trustee will provide written notice of any
termination to all Unitholders of the appropriate Trust and in the case of a
Trust will include with such notice a form to enable Unitholders owning the
minimum number of Units described in the Prospectus to request an in kind
distribution of the Securities. To be effective, this request must be returned
to the Trustee at least five business days prior to the Mandatory Termination
Date. On the Mandatory Termination Date (or on the previous business day if a
holiday) the Trustee will deliver each requesting Unitholder's pro rata number
of whole shares of the Securities in the Trust to the account of the
broker-dealer or bank designated by the Unitholder at Depository Trust Company.
The value of the Unitholder's fractional shares of the Securities will be paid
in cash. Unitholders not requesting an in kind distribution will receive a cash
distribution from the sale of the remaining Securities within a reasonable time
following the Mandatory Termination Date. Regardless of the distribution
involved, the Trustee will deduct from the funds of the Trust any accrued costs,
expenses, advances or indemnities provided by the Trust Agreement, including
estimated compensation of the Trustee, costs of liquidation and any amounts
required as a reserve to provide for payment of any applicable taxes or other
governmental charges. Any sale of Securities in the Trust upon termination may
result in a lower amount than might otherwise be realized if such sale were not
required at such time. The Trustee will then distribute to each Unitholder of
each Trust his pro rata share of the balance of the Income and Capital Accounts.

Within 60 days of the final distribution Unitholders will be furnished a
final distribution statement of the amount distributable. At such time as the
Trustee in its sole discretion will determine that any amounts held in reserve
are no longer necessary, it will make distribution thereof to Unitholders in the
same manner.

EMSPRO302

Contents of Post-Effective Amendment
to Registration Statement

This Post-Effective Amendment to the Registration Statement
comprises the following papers and documents:

The facing sheet

The prospectus

The signatures

The Consent of Independent Accountants

Signatures

Pursuant to the requirements of the Securities Act of 1933, the Registrant,
Van Kampen Focus Portfolios, Series 302, certifies that it meets all of the
requirements for effectiveness of this Registration Statement pursuant to Rule
485(b) under the Securities Act of 1933 and has duly caused this Post-Effective
Amendment to its Registration Statement to be signed on its behalf by the
undersigned thereunto duly authorized, and its seal to be hereunto affixed and
attested, all in the City of Chicago and State of Illinois on the 24th day of
October, 2005.

Van Kampen Focus Portfolios, Series 302
(Registrant)

By Van Kampen Funds Inc.
(Depositor)

By: John F. Tierney
Executive Director
(Seal)

Pursuant to the requirements of the Securities Act of 1933, this Amendment
to the Registration Statement has been signed below on October 24, 2005 by the
following persons who constitute a majority of the Board of Directors of Van
Kampen Funds Inc.:

SIGNATURE TITLE

Michael P Kiley Managing Director )

Jonathan S. Thomas Managing Director )

Edward C. Wood, III Managing Director )

/s/ JOHN F. TIERNEY
---------------
(Attorney-in-fact*)
--------------------

* An executed copy of each of the related powers of attorney is filed
herewith or was filed with the Securities and Exchange Commission in
connection with the Registration Statement on Form S-6 of Van Kampen Unit
Trusts, Series 482 (File No. 333-120865) dated January 27, 2005 and the same
hereby is incorporated herein by reference.

Dates Referenced Herein and Documents Incorporated By Reference

This 485BPOS Filing	Date	Other Filings

	12/31/00
	1/1/01
	4/23/01
	7/10/01	487
	6/30/02	24F-2NT
	7/10/02
	6/30/03	24F-2NT
	6/30/04	24F-2NT
	1/27/05
	2/28/05
	6/30/05	24F-2NT
	8/10/05
	8/19/05
Filed On / Filed As Of / Effective As Of	10/24/05
	10/25/05
	3/12/06
	1/1/09

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Van Kampen Focus Portfolios Series 302 · 485BPOS · On 10/24/05

Filed On 10/24/05 4:23pm ET · SEC File 333-62758 · Accession Number 891804-5-3154

Post-Effective AmendmentFiling Table of Contents

485BPOS · Amendment to 485Document Table of Contents

Dates Referenced Herein and Documents Incorporated By Reference

Post-Effective Amendment
Filing Table of Contents

485BPOS · Amendment to 485
Document Table of Contents