<PAGE> 1
VAN KAMPEN ENTERPRISE 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's management team is headed by Jeff D. New,
Senior Portfolio Manager. Mr. New has been affiliated with the Fund since 1991,
has assisted in co-managing the Fund's investment portfolio since July 1994 and
has been the Senior Portfolio Manager of the Fund's investment portfolio since
December 1994. Mr. New has been a Senior Vice President and Senior Portfolio
Manager of the Adviser since December 1997. Prior to December 1997, he was a
Vice President and Portfolio Manager of the Adviser. Prior to December 1994, Mr.
New was an Associate Portfolio Manager of the Adviser. He joined the Adviser in
1990.
Senior Portfolio Managers Michael Davis and Mary Jayne Maly are responsible
as co-managers for the day-to-day management of the Fund's investment portfolio.
Mr. Davis has been a Senior Portfolio Manager of the Adviser since April
2000, and a Vice President and Portfolio Manager of the Adviser since March
1998. Prior to March 1998, he was the owner of Davis Equity Research, a stock
research company. Mr. Davis has been an investment professional since 1983. He
has been a co-manager of the Fund since March 1998.
Ms. Maly has been a Senior Portfolio Manager since April 2000, and a Vice
President and Portfolio Manager of the Adviser since July 1998. From July 1997
to June 1998, she was a Vice President at Morgan Stanley Asset Management Inc.
and assisted in the management of the Morgan Stanley Institutional Real Estate
Funds and the Van Kampen American Capital Real Estate Securities Fund. Prior to
July 1997, she was a Vice President and Portfolio Manager of the Adviser. Prior
to November 1992, Ms. Maly was a Vice President and Senior Equity Analyst at
Texas Commerce Investment Management Company. She has been a co-manager of the
Fund since July 1998.
(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.
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(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
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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
