<PAGE> 1
VAN KAMPEN AMERICAN CAPITAL
COMSTOCK FUND
SUPPLEMENT DATED FEBRUARY 11, 1997, TO THE PROSPECTUS DATED APRIL 29, 1996,
AS PREVIOUSLY SUPPLEMENTED ON JUNE 1, 1996, JULY 1, 1996, NOVEMBER 1, 1996
AND JANUARY 2, 1997
VAN KAMPEN AMERICAN CAPITAL
CORPORATE BOND FUND
SUPPLEMENT DATED FEBRUARY 11, 1997, TO THE PROSPECTUS DATED DECEMBER 29, 1996
VAN KAMPEN AMERICAN CAPITAL
EMERGING GROWTH FUND
SUPPLEMENT DATED FEBRUARY 11, 1997, TO THE PROSPECTUS DATED DECEMBER 29, 1996
VAN KAMPEN AMERICAN CAPITAL
ENTERPRISE FUND
SUPPLEMENT DATED FEBRUARY 11, 1997, TO THE PROSPECTUS DATED APRIL 29, 1996,
AS PREVIOUSLY SUPPLEMENTED ON JUNE 1, 1996, JULY 1, 1996, NOVEMBER 1, 1996
AND JANUARY 2, 1997
VAN KAMPEN AMERICAN CAPITAL
GLOBAL MANAGED ASSETS FUND
SUPPLEMENT DATED FEBRUARY 11, 1997, TO THE PROSPECTUS DATED APRIL 29, 1996,
AS PREVIOUSLY SUPPLEMENTED ON JUNE 1, 1996, JULY 1, 1996, NOVEMBER 1, 1996
AND JANUARY 2, 1997
VAN KAMPEN AMERICAN CAPITAL
GOVERNMENT SECURITIES FUND
SUPPLEMENT DATED FEBRUARY 11, 1997, TO THE PROSPECTUS DATED APRIL 29, 1996,
AS PREVIOUSLY SUPPLEMENTED ON JUNE 1, 1996, JULY 1, 1996, NOVEMBER 1, 1996
AND JANUARY 2, 1997
VAN KAMPEN AMERICAN CAPITAL
GROWTH AND INCOME FUND
SUPPLEMENT DATED FEBRUARY 11, 1997, TO THE PROSPECTUS DATED MARCH 29, 1996,
AS PREVIOUSLY SUPPLEMENTED ON JUNE 1, 1996, JULY 1, 1996, NOVEMBER 1, 1996
AND JANUARY 2, 1997
<PAGE> 2
VAN KAMPEN AMERICAN CAPITAL
HARBOR FUND
SUPPLEMENT DATED FEBRUARY 11, 1997, TO THE PROSPECTUS DATED APRIL 29, 1996,
AS PREVIOUSLY SUPPLEMENTED ON JUNE 1, 1996, JULY 1, 1996, NOVEMBER 1, 1996
AND JANUARY 2, 1997
VAN KAMPEN AMERICAN CAPITAL
HIGH INCOME CORPORATE BOND FUND
SUPPLEMENT DATED FEBRUARY 11, 1997, TO THE PROSPECTUS DATED DECEMBER 29, 1996
VAN KAMPEN AMERICAN CAPITAL
LIMITED MATURITY GOVERNMENT FUND
SUPPLEMENT DATED FEBRUARY 11, 1997, TO THE PROSPECTUS DATED APRIL 29, 1996,
AS PREVIOUSLY SUPPLEMENTED ON JUNE 1, 1996, JULY 1, 1996, NOVEMBER 1, 1996
AND JANUARY 2, 1997
VAN KAMPEN AMERICAN CAPITAL
PACE FUND
SUPPLEMENT DATED FEBRUARY 11, 1997, TO THE PROSPECTUS DATED OCTOBER 28, 1996,
AS PREVIOUSLY SUPPLEMENTED ON NOVEMBER 1, 1996, JANUARY 2, 1997
AND JANUARY 21, 1997
VAN KAMPEN AMERICAN CAPITAL
REAL ESTATE SECURITIES FUND
SUPPLEMENT DATED FEBRUARY 11, 1997, TO THE PROSPECTUS DATED APRIL 29, 1996,
AS PREVIOUSLY SUPPLEMENTED ON JUNE 1, 1996, JULY 1, 1996, NOVEMBER 1, 1996
AND JANUARY 2, 1997
VAN KAMPEN AMERICAN CAPITAL
RESERVE FUND
SUPPLEMENT DATED FEBRUARY 11, 1997, TO THE PROSPECTUS DATED SEPTEMBER 28, 1996,
AS PREVIOUSLY SUPPLEMENTED ON NOVEMBER 1, 1996
<PAGE> 3
VAN KAMPEN AMERICAN CAPITAL
HIGH YIELD MUNICIPAL FUND
SUPPLEMENT DATED FEBRUARY 11, 1997, TO THE PROSPECTUS DATED MARCH 29, 1996,
AS PREVIOUSLY SUPPLEMENTED ON JUNE 1, 1996, JULY 1, 1996, NOVEMBER 1, 1996
AND JANUARY 2, 1997
VAN KAMPEN AMERICAN CAPITAL
U.S. GOVERNMENT TRUST FOR INCOME
SUPPLEMENT DATED FEBRUARY 11, 1997, TO THE PROSPECTUS DATED JANUARY 28, 1997
VAN KAMPEN AMERICAN CAPITAL
GLOBAL EQUITY FUND
SUPPLEMENT DATED FEBRUARY 11, 1997, TO THE PROSPECTUS DATED SEPTEMBER 28, 1996,
AS PREVIOUSLY SUPPLEMENTED ON NOVEMBER 1, 1996 AND JANUARY 2, 1997
VAN KAMPEN AMERICAN CAPITAL
GLOBAL GOVERNMENT SECURITIES FUND
SUPPLEMENT DATED FEBRUARY 11, 1997, TO THE PROSPECTUS DATED SEPTEMBER 28, 1996,
AS PREVIOUSLY SUPPLEMENTED ON NOVEMBER 1, 1996 AND JANUARY 2, 1997
The Fund's investment adviser, Van Kampen American Capital Asset Management,
Inc., is an indirect subsidiary of Morgan Stanley Group Inc. On February 5,
1997, Morgan Stanley Group Inc. and Dean Witter, Discover & Co. announced that
they had entered into an Agreement and Plan of Merger to form Morgan Stanley,
Dean Witter, Discover & Co. Subject to certain conditions being met, it is
currently anticipated that the transaction will close in mid-1997. Thereafter,
Van Kampen American Capital Asset Management, Inc. will be an indirect
subsidiary of Morgan Stanley, Dean Witter, Discover & Co.
Dean Witter, Discover & Co. is a financial services company with three major
businesses: full service brokerage, credit services and asset management.
