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VAN KAMPEN EMERGING GROWTH FUND
SUPPLEMENT DATED OCTOBER 23, 2000 TO THE
CLASS A SHARES, CLASS B SHARES AND CLASS C SHARES
PROSPECTUS DATED DECEMBER 29, 1999
AS SUPPLEMENTED ON JANUARY 10, 2000
This 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 of portfolio
managers. Senior Portfolio Manager Gary M. Lewis is the lead manager of the
Fund. Mr. Lewis has overall responsibility for the team of portfolio
managers which manages the Van Kampen Aggressive Growth, Van Kampen Select
Growth and Van Kampen Technology Funds in addition to the Fund. Mr. Lewis
has been a Senior Vice President of the Adviser and Advisory Corp. since
September 1995. Mr. Lewis became a Vice President and Portfolio Manager of
the Adviser in June 1991. Mr. Lewis has been employed by the Adviser since
September 1986. He has been affiliated with the Fund since April 1989.
Senior Portfolio Managers Dudley Brickhouse, Janet Luby and David Walker
and Portfolio Manager Matthew Hart are responsible as co-managers for the
day-to-day management of the Fund's investment portfolio.
Mr. Brickhouse has been a Senior Portfolio Manager since April 2000, and
a Portfolio Manager and Vice President of the Adviser and Advisory Corp.
since December 1998. Mr. Brickhouse became an Associate Portfolio Manager of
the Adviser and Advisory Corp. in September 1997. Prior to September 1997,
Mr. Brickhouse was a Vice President and Portfolio Manager with NationsBank,
where he had worked since 1985. He has been affiliated with the Fund since
September 1997.
Mr. Hart has been a Portfolio Manager since January 1998, and a Vice
President of the Adviser and Advisory Corp. since December 1998. Mr. Hart
became an Associate Portfolio Manager of the Adviser and Advisory Corp. in
August 1997. Prior to August 1997, Mr. Hart held various positions within
the portfolio area of AIM Capital Management, Inc., where he had worked
since June 1992. Mr. Hart's last position in the AIM Portfolio area was as a
convertible bonds analyst. He has been affiliated with the Fund since
February 2000.
Ms. Luby has been a Senior Portfolio Manager since April 2000, and a
Portfolio Manager and Vice President of the Adviser and Advisory Corp. since
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December 1998. Ms. Luby became an Assistant Vice President of the Adviser
and Advisory Corp. in December 1997 and an Associate Portfolio Manager of
the Adviser in July 1995. Prior to July 1995, Ms. Luby spent eight years at
AIM Capital Management, Inc. where she worked five years in the accounting
department and three years in the investment area. Her last position in the
AIM investment area was as a senior securities analyst. Ms. Luby also has
been the portfolio manager for various unit investment trusts managed by the
Adviser or its affiliates since August 1999. She has been affiliated with
the Fund since January 1995.
Mr. Walker has been a Senior Portfolio Manager since April 2000, and a
Portfolio Manager and Vice President of the Adviser and Advisory Corp. since
December 1998. Mr. Walker became an Assistant Vice President of the Adviser
and Advisory Corp. in June 1995. Prior to April 1996, Mr. Walker was a
Quantitative Analyst of the Adviser and has worked for the Adviser since
October 1990. Mr. Walker also has been the portfolio manager for various
unit investment trusts managed by the Adviser or its affiliates since
September 1997. He has been affiliated with the Fund since April 1996.
(2) The first two paragraphs and the sixth paragraph of the section entitled
"PURCHASE OF SHARES -- GENERAL" are hereby deleted in their entirety and
replaced with the following:
This prospectus offers three classes of shares of the Fund, designated
as Class A Shares, Class B Shares and Class C Shares. Other classes of
shares of the Fund may be offered through one or more separate prospectuses
of the Fund. By offering multiple classes of shares, the Fund permits each
investor to choose the class of shares that is most beneficial given the
type of investor, the amount to be invested and the length of time the
investor expects to hold the shares.
Initial investments generally must be at least $1,000 for each class of
shares offered herein, and subsequent investments must be at least $25 for
each class of shares offered herein. Minimum investment amounts may be
waived by the Distributor for plans involving periodic investments and for
certain retirement accounts.
The Fund has adopted a distribution plan (the "Distribution Plan") with
respect to each of its Class A Shares, Class B Shares and Class C Shares
pursuant to Rule 12b-1 under the 1940 Act. The Fund also has adopted a
service plan (the "Service Plan") with respect to each such class of its
shares. Under the Distribution Plan and the Service Plan, the Fund pays
distribution fees in connection with the sale and distribution of its shares
and service fees in
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connection with the provision of ongoing services to shareholders of each
such class and the maintenance of the shareholders' accounts.
(3) The information on the inside back cover of the Prospectus under the
heading "BOARD OF TRUSTEES AND OFFICERS -- BOARD OF TRUSTEES" is hereby amended
by deleting Paul G. Yovovich, effective April 14, 2000.
(4) The information on the inside back cover of the Prospectus under the
heading "BOARD OF TRUSTEES AND OFFICERS -- OFFICERS" is hereby amended by
deleting all information pertaining to Curtis W. Morell* and Tanya M. Loden*,
effective January 31, 2000, Dennis J. McDonnell*, effective March 31, 2000,
Peter W. Hegel*, effective May 31, 2000, and by deleting and replacing Stephen
L. Boyd's title of Vice President with Executive Vice President and Chief
Investment Officer and Edward C. Wood, III*, Vice President, with John H.
Zimmermann, III*, Vice President, effective April 17, 2000.
(5) The information on the inside back cover of the Prospectus under the
heading "FOR MORE INFORMATION -- INDEPENDENT ACCOUNTANTS" is hereby deleted and
replaced with the following:
ERNST & YOUNG LLP
233 South Wacker Drive
Chicago, Illinois 60606
RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
