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VAN KAMPEN AMERICAN CAPITAL
SUPPLEMENT DATED JANUARY 2, 1998 TO THE
STATEMENT OF ADDITIONAL INFORMATION DATED MARCH 28, 1997, AS PREVIOUSLY
SUPPLEMENTED ON JULY 21, 1997
VKAC GROWTH AND INCOME FUND
STATEMENT OF ADDITIONAL INFORMATION DATED DECEMBER 29, 1997
VKAC EMERGING GROWTH FUND
STATEMENT OF ADDITIONAL INFORMATION DATED APRIL 30, 1997, AS PREVIOUSLY
SUPPLEMENTED ON JULY 21, 1997
VKAC ENTERPRISE FUND
VKAC EQUITY INCOME FUND
VKAC COMSTOCK FUND
The Distributor has entered into agreements with (i) The Prudential
Insurance Company of America ("Prudential") under which the Fund shall be
offered pursuant to the PruArray Programs; (ii) Smith Barney Inc. ("Smith
Barney") under which the Fund shall be offered pursuant to the MultiChoice
Program; and (iii) Merrill Lynch ("Merrill") under which the Fund shall be
offered pursuant to the Merrill Program. Trustees and other fiduciaries of
retirement plans seeking to invest in multiple fund families through
broker-dealer retirement plan alliance programs should contact Prudential, Smith
Barney or Merrill for further information concerning the PruArray, MultiChoice
and Merrill Programs including, but not limited to, minimum size and operational
requirements.
