<PAGE> 1
VAN KAMPEN HARBOR FUND
SUPPLEMENT DATED JANUARY 8, 2001 TO THE
PROSPECTUS DATED APRIL 28, 2000,
AS PREVIOUSLY SUPPLEMENTED ON MAY 25, 2000,
AND SUPERSEDING ANY SUPPLEMENTS SINCE MAY 25, 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 led by Christine Drusch,
Senior Portfolio Manager of the Fund since January 1998 and Portfolio Manager of
the Fund since July 1991, David McLaughlin, Portfolio Manager of the Fund since
October 1998, and Sean Conner, Portfolio Manager of the Fund since September
2000.
Ms. Drusch has been a Senior Vice President of the Adviser and Advisory
Corp. since December 1999, and prior to December 1999 she was a Vice President
of the Adviser and Advisory Corp. Prior to December 1998, Ms. Drusch was an
Assistant Vice President of the Adviser and Advisory Corp. since September 1995.
Prior to September 1995, Ms. Drusch was an Associate Portfolio Manager of the
Adviser and has worked for the Adviser since July 1991.
Mr. McLaughlin has been a Vice President of the Adviser and Advisory Corp.
since June 1995, and he was an Assistant Vice President of the Adviser since
March 1994. Prior to June 1995, Mr. McLaughlin was a Senior Equity Trader for
the Adviser. Mr. McLaughlin has worked for the Adviser since 1986.
Mr. Conner has been a Vice President of the Adviser and Advisory Corp. since
September 2000. Prior to September 2000, Mr. Conner was an Equity Analyst for
USAA Investment Management Company from June 1997 to August 2000. Prior to June
1997, Mr. Conner was an Assistant Portfolio Manager with William C. Conner
Foundation from September 1996 to May 1997, and a Risk Arbitrage Analyst for Q
Investments LLP from August 1996 to May 1997. Prior to August 1996, Mr. Conner
was an Equity Analyst with David Tice & Associates from May 1996 to August 1996.
(2) The information on the inside back cover of the Prospectus under the
heading "BOARD OF TRUSTEES AND OFFICERS -- TRUSTEES" is hereby amended by
deleting Fernando Sisto, effective December 31, 2000.
<PAGE> 2
(3) The information on the inside back cover of the Prospectus under the
heading "BOARD OF TRUSTEES AND OFFICERS -- OFFICERS" is hereby amended by adding
John R. Reynoldson, Vice President and Richard A. Ciccarone, Vice President
effective June 7, 2000.
RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
HAR SPT 900
11 111 211
65141-01
<PAGE> 3
VAN KAMPEN HARBOR FUND
SUPPLEMENT DATED JANUARY 8, 2001 TO THE
STATEMENT OF ADDITIONAL INFORMATION DATED APRIL 28, 2000,
SUPERSEDING ALL PRIOR SUPPLEMENTS
The Statement of Additional Information is hereby supplemented as follows:
(1) The first and second paragraphs in the section entitled "INITIAL AND
VARIATION MARGIN" under the "FUTURES CONTRACTS" section is hereby deleted in its
entirety and replaced with the following:
INITIAL AND VARIATION MARGIN. In contrast to the purchase or sale of a
security, no price is paid or received upon the purchase or sale of a futures
contract. Initially, the Fund is required to deposit with its custodian in an
account in the broker's name an amount of cash or liquid securities equal to a
percentage (which will normally range between 1% and 10%) of the contract amount
with either a futures commission merchant pursuant to rules and regulations
promulgated under the 1940 Act or with its custodian in an account in the
broker's name. This amount is known as initial margin. The nature of initial
margin in futures transactions is different from that of margin in securities
transactions in that futures contract margin does not involve the borrowing of
funds by the customer to finance the transaction. Rather, the initial margin is
in the nature of a performance bond or good faith deposit on the contract, which
is returned to the Fund upon termination of the futures contract and
satisfaction of its contractual obligations. Subsequent payments to and from the
broker, called variation margin, are made on a daily basis as the price of the
underlying securities or index fluctuates, making the long and short positions
in the futures contract more or less valuable, a process known as marking to
market.
For example, when the Fund purchases a futures contract and the price of
the underlying security or index rises, that position increases in value, and
the Fund receives a variation margin payment equal to that increase in value.
Conversely, where the Fund purchases a futures contract and the value of the
underlying security or index declines, the position is less valuable, and the
Fund is required to make a variation margin payment.
(2) The section entitled "TRUSTEES AND OFFICERS -- TRUSTEES" is hereby
amended by deleting Fernando Sisto, effective December 31, 2000.
(3) The section entitled "TRUSTEES AND OFFICERS -- OFFICERS" is hereby
amended by deleting all information pertaining to Peter W. Hegel, effective May
31, 2000, and by adding the following:
<TABLE>
<S> <C>
Richard A. Ciccarone...................... Senior Vice President and Co-head of the Fixed Income
Date of Birth: 06/15/52 Department of the Advisers, Van Kampen Management Inc.
Vice President and Van Kampen Advisors Inc. Prior to May 2000, he served
Age: 48 as Co-head of Municipal Investments and Director of
Research of the Advisers, Van Kampen Management Inc. and
Van Kampen Advisors Inc. Mr. Ciccarone first joined the
Adviser in June 1983, and worked for the Adviser until
May 1989, with his last position being a Vice President.
From June 1989 to April 1996, he worked at EVEREN
Securities (formerly known as Kemper Securities), with
his last position at EVEREN being an Executive Vice
President. Since April 1996, Mr. Ciccarone has been a
Senior Vice President of the Advisers, Van Kampen
Management Inc. and Van Kampen Advisors Inc.
</TABLE>
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<TABLE>
<S> <C>
John R. Reynoldson........................ Senior Vice President and Co-head of the Fixed Income Department of the
Date of Birth: 05/15/53 Advisers, Van Kampen Management Inc. and Van Kampen Advisors Inc. Prior
Vice President to May 2000, he managed the investment grade taxable group for the
Age: 47 Adviser since July 1999. From July 1988 to June 1999, he managed the
government securities bond group for Asset Management. Mr. Reynoldson
has been with Asset Management since April 1987, and has been a Senior
Vice President of Asset Management since July 1988. He has been a
Senior Vice President of the Adviser and Van Kampen Management Inc.
since June 1995 and Senior Vice President of Van Kampen Advisors Inc.
since June 2000.
</TABLE>
(4) The last paragraph in the section entitled "DISTRIBUTION AND SERVICE"
is hereby amended by adding Buck Consultants, Inc. and The Vanguard Group, Inc.
to the list of firms that have entered into agreements with the Distributor to
offer shares of the Fund pursuant to such firm's retirement plan alliance
program(s).
(5) The section entitled "OTHER INFORMATION -- CUSTODY OF ASSETS" is hereby
deleted in its entirety and replaced with the following:
Except for segregated assets held by a futures commission merchant pursuant
to rules and regulations promulgated under the 1940 Act, all securities owned by
the Fund and all cash, including proceeds from the sale of shares of the Fund
and of securities in the Fund's investment portfolio, are held by State Street
Bank and Trust Company, 225 Franklin Street, Boston, Massachusetts 02110, as
custodian. The custodian also provides accounting services to the Fund.
(6) The information in the section entitled "OTHER
INFORMATION -- INDEPENDENT ACCOUNTANTS" is hereby deleted in its entirety and
replaced with the following:
INDEPENDENT AUDITORS
Independent auditors 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 auditors, effective May 18, 2000. PricewaterhouseCoopers LLP,
located at 200 East Randolph Drive, Chicago, Illinois 60601 ("PWC"), ceased
being the Fund's independent auditors 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 auditors 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
MF SPT SAI 1
