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VAN KAMPEN AMERICAN CAPITAL
HARBOR FUND
SUPPLEMENT DATED JULY 21, 1997 TO THE STATEMENT OF
ADDITIONAL INFORMATION DATED APRIL 30, 1997.
At a meeting of the Board of Trustees of the Fund held on April 14-15,
1997, the Board of Trustees approved, subject to obtaining shareholder approval,
amending the Fund's fundamental investment restrictions to permit the Fund to
invest in real estate investment trusts ("REIT's") that invest directly in real
estate. At a special shareholder meeting of the Fund held on May 28, 1997, the
Fund received the necessary shareholder approval to amend this investment
restriction. Prior to the amendment, the Fund's fundamental investment
restrictions permitted the Fund to invest only in REIT's that invest in
mortgages or other security interests in real estate. The Fund believes this
amendment provides it with greater flexibility in seeking to achieve its
investment objective because the Fund is permitted to invest in a greater number
and variety of REIT's. The Fund hereby restates fundamental investment
restriction number 3 on page B-10 regarding investment in REIT's as follows:
3. Make any investment in real estate, commodities or commodities
contracts, or in any security about which information is not available
with respect to history, management, assets, earnings, and income of the
issuer; however, the Fund is not prohibited from investing in securities
issued by a real estate investment trust, and the Fund is not prohibited
from entering into transactions in futures contracts or related options;
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VAN KAMPEN AMERICAN CAPITAL
JULY 21, 1997 SUPPLEMENT TO STATEMENTS OF ADDITIONAL INFORMATION
Statement of Additional Information dated April 30, 1997
VKAC Comstock Fund
VKAC Enterprise Fund
VKAC Equity Income Fund
VKAC Global Managed Assets Fund
VKAC Government Securities Fund
VKAC Harbor Fund
VKAC Limited Maturity Government Fund
VKAC Real Estate Securities Fund
VKAC Life Investment Trust
The section of the Statement of Additional Information entitled the
Trustees and Officers is hereby supplemented by adding Richard M. DeMartini,
effective May 31, 1997, as Trustee of the Fund.
Mr. DeMartini is President and Chief Operating Officer, Dean Witter
Capital, a division of Dean Witter Reynolds Inc. Mr. DeMartini is a Director of
InterCapital Funds, Dean Witter Distributors, Inc. and Dean Witter Trust
Company. Trustee of the TCW/DW Funds. Director of the National Healthcare
Resources, Inc. Formerly Vice Chairman of the Board of the National Association
of Securities Dealers, Inc. and Chairman of the Board of The Nasdaq Stock
Market, Inc. Trustee of each of the funds in the Fund Complex. Mr. DeMartini's
principal business address is Two World Trade Center, 66th Floor, New York, NY
10048, and his date of birth is 10/12/52.
Dennis J. McDonnell resigned as a Trustee of the Fund, effective May 31,
1997.
