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SUPPLEMENT DATED JUNE 15, 1999 TO THE
Statement of Additional Information dated September 15, 1998,
as previously supplemented on November 2, 1998
Van Kampen Reserve Fund
Statement of Additional Information dated September 28, 1998,
as previously supplemented on November 2, 1998
Van Kampen Global Government Securities Fund
Statement of Additional Information dated September 30, 1998,
as previously supplemented on November 2, 1998
Van Kampen Aggressive Growth Fund
Van Kampen Great American Companies Fund
Van Kampen Growth Fund
Van Kampen Pace Fund
Van Kampen Prospector Fund
Van Kampen Tax Free Money Fund
Van Kampen Utility Fund
Van Kampen Series Fund, Inc.
Statement of Additional Information dated September 30, 1998,
as previously supplemented on November 2, 1998
and November 19, 1998
Van Kampen Mid Cap Value Fund
Statement of Additional Information dated October 28, 1998
Van Kampen High Yield Fund
Van Kampen Short-Term Global Income Fund
Van Kampen Strategic Income Fund
Statement of Additional Information dated December 29, 1998
Van Kampen Corporate Bond Fund
Van Kampen Emerging Growth Fund
Van Kampen High Income Corporate Bond Fund
Statement of Additional Information dated January 28, 1999
Van Kampen California Insured Tax Free Fund
Van Kampen Florida Insured Tax Free Income Fund
Van Kampen Government Securities Fund
Van Kampen Insured Tax Free Income Fund
Van Kampen Intermediate Term Municipal Income Fund
Van Kampen Municipal Income Fund
Van Kampen New York Tax Free Income Fund
Van Kampen Pennsylvania Tax Free Income Fund
Van Kampen Tax Free High Income Fund
Van Kampen U.S. Government Trust for Income
Statement of Additional Information dated March 30, 1999
Van Kampen Growth and Income Fund
Van Kampen High Yield Municipal Fund
Statement of Additional Information dated April 30, 1999
Van Kampen Comstock Fund
Van Kampen Enterprise Fund
Van Kampen Equity Income Fund
Van Kampen Global Managed Assets Fund
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Van Kampen Harbor Fund
Van Kampen Limited Maturity Government Fund
Van Kampen Real Estate Securities Fund
Van Kampen U.S. Government Fund
Van Kampen Life Investment Trust
The first paragraph of the section of the Statement of Additional
Information entitled "WAIVER OF CLASS B AND CLASS C CONTINGENT DEFERRED SALES
CHARGE -- REDEMPTION IN CONNECTION WITH CERTAIN DISTRIBUTIONS FROM RETIREMENT
PLANS" is deleted and replaced with the following:
The Fund will waive the CDSC-Class B and C when a total or
partial redemption is made in connection with certain distributions
from retirement plans. The charge will be waived upon the tax-free
rollover or transfer of assets to another retirement plan invested in
one or more Participating Funds; in such event, as described below,
the Fund will "tack" the period for which the original shares were
held on to the holding period of the shares acquired in the transfer
or rollover for purposes of determining what, if any, CDSC-Class B and
C is applicable in the event that such acquired shares are redeemed
following the transfer or rollover. The charge also will be waived on
any redemption which results from the return of an excess contribution
pursuant to Section 408(d)(4) or (5) of the Code, the return of excess
deferral amounts pursuant to Code Section 401(k)(8) or 402(g)(2), the
financial hardship of the employee pursuant to Code Section
401(k)-1(d)(2), or from the death or disability of the employee (see
Code Section 72(m)(7) and 72(t)(2)(A)(ii). In addition, the charge
will be waived on any minimum distribution required to be distributed
in accordance with Code Section 401(a)(9).
The section of the Statement of Additional Information entitled "TRUSTEES
AND OFFICERS" is hereby supplemented by adding Jerry D. Choate and Suzanne H.
Woolsey, Ph.D., effective May 26, 1999, as Trustees/Directors of the Funds.
<TABLE>
<CAPTION>
Principal Occupations or
Name, Address and Age Employment in Past 5 Years
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<S> <C>
Jerry D. Choate........................... Director of Amgen Inc., a biotechnological company,
Barrington Place, Building 4 Insurance Institute for Highway Safety and Catalyst, a
18 E. Dundee Road, Suite 101 research and consulting group. Trustee for AICPCU-the
Barrington, IL 60010 Insurance Institute of America, The Conference Board,
Date of Birth: 09/16/38 Inc. of New York, The Chicago Committee-the Chicago
Council on Foreign Relations. Member of Advisory Board
of J.L. Kellogg Graduate School of
Management-Northwestern University, Chair of the
Corporate Steering Committee for America's Promise-the
Alliance for Youth and a member of the Northwestern
University Associates and the Commercial Club of
Chicago. Trustee/Director of each of the funds in the
Fund Complex. Prior to January 1999, Chairman and
Chief Executive Officer of The Allstate Corporation
("Allstate") and Allstate Insurance Company. Prior to
January 1995, President and Chief Executive Officer of
Allstate. Prior to August 1994, Mr. Choate held
various management positions at Allstate.
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<TABLE>
<CAPTION>
<S> <C>
Suzanne H. Woolsey, Ph.D.................. Chief Operating Officer of the National Academy of
2101 Constitution Ave., N.W. Sciences/ National Research Council, an independent,
Room 206 federally chartered policy institution. Director of
Washington, D.C. 20418 Neurogen Corporation, a pharmaceutical company.
Date of Birth: 12/27/41 Director and former Chairman of the German Marshall
Fund of the United States. Trustee/ Director of each
of the funds in the Fund Complex. Prior to 1993,
Executive Director of the Commission on Behavioral and
Social Sciences and Education at the National Academy
of Sciences/National Research Council. Prior to 1989,
Partner of Coopers & Lybrand.
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The section of the Statement of Additional Information entitled "TRUSTEES
AND OFFICERS" is hereby supplemented by deleting and replacing Mr. McDonnell's
biography and adding Messrs. Powers, Smith and Boyd as follows:
<TABLE>
<CAPTION>
Principal Occupations or
Name, Address and Age Employment in Past 5 Years
--------------------- --------------------------
<S> <C>
Dennis J. McDonnell....................... Executive Vice President and Director of Van Kampen
Date of Birth: 05/20/42 Investments. President, Chief Operating Officer and a
Chief Investment Officer and Director of the Advisers, Van Kampen Advisors Inc.,
Executive Vice President and Van Kampen Management Inc. Chief Investment
Officer and Executive Vice President of each of funds
in the Fund Complex. President, Chairman of the Board
and Trustee/Managing General Partner of other
investment companies advised by the Advisers or Van
Kampen Management Inc. Prior to July 1998, Director
and Executive Vice President of VK/AC Holding, Inc.
Prior to April 1998, President and Director of Van
Kampen Merritt Equity Advisors Corp. Prior to April
1997, Mr. McDonnell was Director of Van Kampen Merritt
Equity Holdings Corp. Prior to September 1996, Mr.
McDonnell was Chief Executive Officer and Director of
MCM Group, Inc. and McCarthy, Crisanti & Maffei, Inc.,
a financial research firm, and Chairman and Director
of MCM Asia Pacific Company, Limited and MCM (Europe)
Limited.
</TABLE>
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<TABLE>
<CAPTION>
<S> <C>
Richard F. Powers III*.................... President of each of the funds in the Fund Complex.
1 Parkview Plaza President and Chief Executive Officer of Van Kampen
P.O. Box 5555 Investments. Prior to May 1998, Executive Vice
Oakbrook Terrace, IL 60181 President and Director of Marketing at Morgan Stanley
Date of Birth: 02/02/46 Dean Witter & Co. and Director of Dean Witter Discover
& Co. and Dean Witter Realty. Prior to 1996, Director
of Dean Witter Reynolds Inc.
A. Thomas Smith III....................... Executive Vice President, General Counsel, Secretary
Date of Birth: 12/14/56 and Director of Van Kampen Advisors Inc., Asset
Vice President and Secretary Management, Van Kampen Management Inc., Advisory
Corp., the Distributor, American Capital Contractual
Services, Inc., Van Kampen Exchange Corp., Van Kampen
Recordkeeping Services Inc., Investor Services, Van
Kampen Insurance Agency of Illinois Inc. and Van
Kampen System Inc. Vice President and Secretary of
each of the funds in the Fund Complex and certain
other investment companies advised by the Advisers or
their affiliates. Prior to January 1999, counsel to
New York Life Insurance Company ("New York Life"), and
prior to March 1997, Vice President and Associate
General Counsel of New York Life. Prior to December
1993, Assistant General Counsel of The Dreyfus
Corporation. Prior to August 1991, Senior Associate,
Willkie Farr & Gallagher. Prior to January 1989, Mr.
Smith was a Staff Attorney at the Securities and
Exchange Commission, Division of Investment
Management, Office of Chief Counsel.
Stephen L. Boyd........................... Vice President and Chief Investment Officer for equity
2800 Post Oak Blvd. investments at the Advisers. Vice President of each of
Houston, TX 77056 the Funds in the Fund Complex and certain other
Date of Birth: 11/16/40 investment companies advised by the Advisers or their
Vice President affiliates. Prior to October 1998, Vice President,
Senior Portfolio Manager with AIM Capital Management,
Inc. Prior to February 1998, Senior Vice President of
Van Kampen American Capital Asset Management, Inc.,
Van Kampen American Capital Investment Advisory Corp.
and Van Kampen American Capital Management, Inc.
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