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VAN KAMPEN MERRITT MONEY MARKET FUND
SUPPLEMENT DATED MAY 12, 1995 TO PROSPECTUS DATED AUGUST 24, 1994,
AS PREVIOUSLY SUPPLEMENTED ON DECEMBER 20, 1994.
On April 7, 1994, the Trustees of Van Kampen Merritt Money Market Trust (the
"Trust") approved an Agreement and Plan of Reorganization between the Van Kampen
Merritt Money Market Fund, a series of the Trust (the "Van Kampen Fund"), and
American Capital Reserve Fund, Inc. (the "American Capital Fund"), a fund
advised by Van Kampen American Capital Asset Management, Inc., providing for the
transfer of assets and liabilities of the Van Kampen Fund to the American
Capital Fund in exchange for shares of the American Capital Fund at its net
asset value per share (the "Reorganization") subject to the approval of the
Directors of the American Capital Fund which was received on May 11, 1995.
Van Kampen American Capital Investment Advisory Corp., the investment adviser
to the Van Kampen Fund, and Van Kampen American Capital Asset Management, Inc.,
are wholly owned subsidiaries of Van Kampen American Capital, Inc., which is a
wholly owned subsidiary of VK/AC Holding, Inc.
The Reorganization is subject to approval by the holders of a majority of the
outstanding shares of the Van Kampen Fund. Further details of the proposed
Reorganization will be contained in the proxy statement/prospectus expected to
be mailed to shareholders in July, 1995.
The American Capital Fund had assets of $362 million on March 31, 1995. Its
objective is to seek protection of capital through investments in U.S. dollar
denominated money market securities. The American Capital Fund and the Van
Kampen Fund have substantially similar investment objectives and follow
generally similar investment policies.
The Van Kampen Fund will continue its normal operations prior to the
Reorganization.
