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VAN KAMPEN EMERGING GROWTH FUND
SUPPLEMENT DATED OCTOBER 8, 1999 TO THE
STATEMENT OF ADDITIONAL INFORMATION DATED DECEMBER 29, 1998
AS PREVIOUSLY SUPPLEMENTED ON JUNE 15, 1999
EXCHANGE PRIVILEGE
The following information supplements the section in the Fund's Statement
of Additional Information under the heading "Shareholder Services" by adding a
subsection entitled "Exchange Privilege."
Beginning December 1, 1999, all shareholders will be limited to eight
exchanges per fund during a rolling 365-day period.
Exchange privileges will be suspended on a particular fund if more than
eight exchanges out of that fund are made during a rolling 365-day period. If
exchange privileges are suspended, subsequent exchange requests for redemptions
out of that fund during the stated period will not be processed. Exchange
privileges will be restored when the account history shows fewer than eight
exchanges in the rolling 365-day period.
This policy change does not apply to money market funds, systematic
exchange plans, or employer-sponsored retirement plans.
TRUSTEES AND OFFICERS
At the shareholder meeting held on September 22, 1999, Richard F. Powers,
III and Mitchell M. Merin have replaced Don G. Powell and Richard M. DeMartini
as Trustees of the Fund.
The section of the Statement of Additional Information entitled "TRUSTEES
AND OFFICERS" is hereby supplemented by deleting Don G. Powell's and Richard M.
DeMartini's biography and adding Richard F. Powers, III's and Mitchell M.
Merin's biography as follows:
TRUSTEES
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PRINCIPAL OCCUPATIONS OR
NAME, ADDRESS AND AGE EMPLOYMENT IN PAST 5 YEARS
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Richard F. Powers, III*................ Chairman, Director, President and Chief Executive Officer
1 Parkview Plaza of Van Kampen Investments. Chairman, Director and Chief
P.O. Box 5555 Executive Officer of the Advisers, the Distributor, Van
Oakbrook Terrace, IL 60181-5555 Kampen Advisors Inc. and Van Kampen Management Inc.
Date of Birth: 02/02/46 Director and Officer of certain other subsidiaries of Van
Kampen. President of each of the Funds in the Fund Complex,
Chief Executive Officer of Van Kampen Exchange Fund and
President, Chairman of the Board and Trustee of other
investment companies advised by the Advisers or their
affiliates. Prior to May 1998, Executive Vice President and
Director of Marketing at Morgan Stanley Dean Witter and
Director of Dean Witter Discover & Co. and Dean Witter
Realty. Prior to 1996, Director of Dean Witter Reynolds
Inc.
Mitchell M. Merin*..................... President and Chief Operating Officer of Asset Management
Two World Trade Center of Morgan Stanley Dean Witter (since December, 1998);
66th Floor President and Director (since April, 1997) and Chief
New York, NY 10048 Executive Officer (since June, 1998) of Morgan Stanley Dean
Date of Birth: 08/13/53 Witter Advisors Inc. and Morgan Stanley Dean Witter
Services Company Inc.; Chairman, Chief Executive Officer
and Director of Morgan Stanley Dean Witter Distributors
Inc. (since June, 1998); Chairman and Chief Executive
Officer (since June, 1998) and Director (since January,
1998) of Morgan Stanley Dean Witter Trust FSB; Director of
various Morgan Stanley Dean Witter subsidiaries; President
of the Morgan Stanley Dean Witter Funds and Discover
Brokerage Index Series (since May, 1999); previously Chief
Strategic Officer of Morgan Stanley Dean Witter Advisors
Inc. and Morgan Stanley Dean Witter Services Company Inc.
and Executive Vice President of Morgan Stanley Dean Witter
Distributors Inc. (April, 1997-June, 1998), Vice-President
of the Morgan Stanley Dean Witter Funds and Discover
Brokerage Index Series (May, 1997-April, 1999), and
Executive Vice President of Dean Witter, Discover & Co.
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