We study the topology of foliations of close cohomologous Morse forms (smooth closed 1-forms with non-degenerate singularities) on a smooth closed oriented manifold. We show that if a closed form has a compact leave $\gamma $, then any close cohomologous form has a compact leave close to $\gamma $. Then we prove that the set of Morse forms with compactifiable foliations (foliations with no locally dense leaves) is open in a cohomology class, and the number of homologically independent compact leaves does not decrease under small perturbation of the form; moreover, for generic forms (Morse forms with each singular leaf containing a unique singularity; the set of generic forms is dense in the space of closed 1-forms) this number is locally constant.