<PAGE> 1
VAN KAMPEN AMERICAN CAPITAL HARBOR FUND
SUPPLEMENT DATED MARCH 9, 1998 TO THE PROSPECTUS DATED APRIL 30, 1997,
AS PREVIOUSLY SUPPLEMENTED ON AUGUST 4, 1997 AND JANUARY 2, 1998
The section of the Prospectus captioned "SHAREHOLDER SERVICES" hereby is
supplemented by adding the following:
INTERNET TRANSACTIONS. In addition to performing transactions on your account
through written instruction or by telephone, you may also perform certain
transactions through the Internet. Please refer to our web site @ www.vkac.com
for further instruction. Van Kampen American Capital and its subsidiaries,
including ACCESS (collectively, "VKAC"), and the Fund employ procedures
considered by them to be reasonable to confirm that instructions communicated
through the Internet are genuine. Such procedures include requiring use of a
personal identification number prior to acting upon Internet instructions and
providing written confirmation of instructions communicated through the
Internet. If reasonable procedures are employed, neither VKAC nor the Fund will
be liable for following instructions through the Internet which it reasonably
believes to be genuine. If an account has multiple owners, ACCESS may rely on
the instructions of any one owner.
PORTFOLIO MANAGEMENT. The Fund is managed by a management team headed by
Christine Drusch. Ms. Drusch has been primarily responsible for managing the
Fund's investment portfolio since February 1998. Ms. Drusch has been an
Assistant Vice President of the Adviser and Advisory Corp. since September 1995.
Prior to that time, Ms. Drusch was Associate Portfolio Manager of the Adviser.
Matthew Hart is responsible as a co-manager for the day-to-day management of the
Fund's investment portfolio. Mr. Hart has been Associate Portfolio Manager of
the Adviser and Advisory Corp. since August 1997. Prior to that time, Mr. Hart
was with AIM Capital Management.
