<PAGE> 1
VAN KAMPEN COMSTOCK FUND
SUPPLEMENT DATED MAY 25, 2000 TO THE
PROSPECTUS DATED APRIL 28, 2000
The Prospectus is hereby supplemented as follows:
(1) The section entitled "INVESTMENT ADVISORY SERVICES -- PORTFOLIO
MANAGEMENT" is hereby deleted in its entirety and replaced with the following:
PORTFOLIO MANAGEMENT. The Fund is managed by a team of portfolio managers
headed by B. Robert Baker, Jr., Senior Portfolio Manager. Mr. Baker has been
primarily responsible for managing the Fund's investment portfolio since July
1994. Mr. Baker has been a Senior Vice President of the Adviser and Advisory
Corp. since December 1998 and a Vice President and a Portfolio Manager of the
Adviser and Advisory Corp. since June 1995. Prior to June 1995, Mr. Baker was an
Associate Portfolio Manager of the Adviser. Mr. Baker has been employed by the
Adviser since November 1991.
Portfolio Managers Jason S. Leder and Kevin C. Holt have been responsible as
co-managers for the day-to-day management of the Fund's investment portfolio
since December 1995 and August 1999, respectively.
Mr. Leder has been a Vice President of the Adviser and Advisory Corp. since
December 1998 and an Assistant Vice President of the Adviser and Advisory Corp.
since October 1996. Prior to October 1996, Mr. Leder was an Associate Portfolio
Manager of the Adviser. Prior to April 1995, Mr. Leder was a Securities Analyst
for two years with Salomon Brothers, Inc.
Mr. Holt has been a Vice President of the Adviser since August 1999. Prior
to joining the Adviser in August 1999, Mr. Holt was a Senior Research Analyst
with Strong Capital Management from October 1997 to August 1999. From July 1995
to October 1997, he was a Portfolio Manager/Analyst with Citibank Global Asset
Management.
(2) The information on the inside back cover of the Prospectus under the
heading "BOARD OF TRUSTEES AND OFFICERS -- OFFICERS" is hereby amended by
deleting all information pertaining to Peter W. Hegel*, effective May 31, 2000.
(3) The information on the inside back cover of the Prospectus under the
heading "FOR MORE INFORMATION -- INDEPENDENT ACCOUNTANTS" is hereby deleted and
replaced with the following:
ERNST & YOUNG LLP
233 South Wacker Drive
Chicago, Illinois 60606
RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
<PAGE> 2
VAN KAMPEN COMSTOCK FUND
VAN KAMPEN ENTERPRISE FUND
VAN KAMPEN EQUITY INCOME FUND
VAN KAMPEN HARBOR FUND
VAN KAMPEN LIMITED MATURITY GOVERNMENT FUND
VAN KAMPEN REAL ESTATE SECURITIES FUND
VAN KAMPEN LIFE INVESTMENT TRUST
ON BEHALF OF ITS SERIES
ASSET ALLOCATION PORTFOLIO
COMSTOCK PORTFOLIO
DOMESTIC INCOME PORTFOLIO
EMERGING GROWTH PORTFOLIO
ENTERPRISE PORTFOLIO
GLOBAL EQUITY PORTFOLIO
GOVERNMENT PORTFOLIO
GROWTH AND INCOME PORTFOLIO
MONEY MARKET PORTFOLIO
MORGAN STANLEY REAL ESTATE SECURITIES PORTFOLIO
STRATEGIC STOCK PORTFOLIO
SUPPLEMENT DATED MAY 25, 2000 TO THE
STATEMENT OF ADDITIONAL INFORMATION DATED APRIL 28, 2000
The Statement of Additional Information is hereby supplemented as follows:
(1) The section entitled "TRUSTEES AND OFFICERS -- OFFICERS" is hereby
amended by deleting all information pertaining to Peter W. Hegel, effective May
31, 2000.
(2) The information in the section entitled "OTHER
INFORMATION -- INDEPENDENT ACCOUNTANTS" is hereby deleted in its entirety and
replaced with the following:
Independent accountants for the Fund perform an annual audit of the Fund's
financial statements. The Fund's Board of Trustees has engaged Ernst & Young
LLP, located at 233 South Wacker Drive, Chicago, Illinois 60606, to be the
Fund's independent accountants, effective May 18, 2000. PricewaterhouseCoopers
LLP, located at 200 East Randolph Drive, Chicago, Illinois 60601 ("PWC"), ceased
being the Fund's independent accountants effective May 18, 2000. The cessation
of the client-auditor relationship between the Fund and PWC was based solely on
a possible future business relationship by PWC with an affiliate of the Fund's
investment adviser. The change in independent accountants was approved by the
Fund's audit committee and the Fund's Board of Trustees, including Trustees who
are not "interested persons" of the Fund (as defined in the 1940 Act).
RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
