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VAN KAMPEN
EMERGING GROWTH FUND
SUPPLEMENT DATED JANUARY 10, 2000
TO THE PROSPECTUS DATED DECEMBER 29, 1999
The second sentence on the front cover of the Prospectus is hereby deleted
and replaced in its entirety with the following:
The Fund's investment adviser seeks to achieve the Fund's investment
objective by investing primarily in a portfolio of common stocks of
companies considered by the Fund's investment adviser to be emerging growth
companies.
In the section entitled "Risk/Return Summary," the first sentence under the
subheading "Investment Strategies" is hereby deleted and replaced in its
entirety with the following:
Under normal market conditions, the Fund's investment adviser seeks to
achieve the Fund's investment objective by investing at least 65% of the
Fund's total assets in a portfolio of common stocks of emerging growth
companies.
The second paragraph of the section entitled "Investment Objective,
Policies and Risks" is hereby deleted and replaced in its entirety with the
following:
Under normal market conditions, the Fund's investment adviser seeks to
achieve the Fund's investment objective by investing at least 65% of the
Fund's total assets in a portfolio of common stocks of emerging growth
companies. Emerging growth companies are those domestic or foreign
companies that the Fund's investment adviser believes are in the early
stages of their life cycles and have the potential to become major
enterprises. Investments in such companies may offer greater opportunities
for growth of capital than larger, more established companies, but also may
involve certain special risks. Emerging growth companies often have limited
product lines, markets, distribution channels or financial resources, and
they may be dependent upon one or a few key people for management. The
securities of such companies may be subject to more abrupt or erratic
market movements than securities of larger, more established companies or
the market averages in general.
