VAN KAMPEN MERRITT U S GOVERNMENT TRUST /IL/
497, 1995-07-26
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<PAGE>   1
 
                    VAN KAMPEN MERRITT U.S. GOVERNMENT FUND
      SUPPLEMENT DATED JULY 24, 1995, TO PROSPECTUS DATED APRIL 30, 1995,
                  AS PREVIOUSLY SUPPLEMENTED ON JULY 10, 1995
 
     On July 21, 1995, the shareholders of the Fund approved the reorganization
into a Delaware business trust (or series thereof). It is anticipated that the
reorganization of the Fund will be completed within the next sixty days.


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