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VAN KAMPEN AMERICAN CAPITAL
JULY 21, 1997 SUPPLEMENT TO STATEMENTS OF ADDITIONAL INFORMATION
Statement of Additional Information dated April 30, 1997
VKAC U.S. Government Fund
VKAC Insured Tax Free Income Fund
VKAC California Insured Tax Free Fund
VKAC Tax Free High Income Fund
VKAC Municipal Income Fund
VKAC Intermediate Term Municipal Income Fund
VKAC Florida Insured Tax Free Income Fund
VKAC New Jersey Tax Free Income Fund
VKAC New York Tax Free Income Fund
VKAC Pennsylvania Tax Free Income Fund
Statement of Additional Information dated April 25, 1997
VKAC Foreign Securities Fund
The section of the Statement of Additional Information entitled the
Trustees and Officers is hereby supplemented by adding Richard M. DeMartini and
Don G. Powell, effective May 31, 1997, as Trustees of the Fund.
Mr. DeMartini is President and Chief Operating Officer, Dean Witter
Capital, a division of Dean Witter Reynolds Inc. Mr. DeMartini is a Director of
InterCapital Funds, Dean Witter Distributors, Inc. and Dean Witter Trust
Company. Trustee of the TCW/DW Funds. Director of the National Healthcare
Resources, Inc. Formerly Vice Chairman of the Board of the National Association
of Securities Dealers, Inc. and Chairman of the Board of The Nasdaq Stock
Market, Inc. Trustee of each of the funds in the Fund Complex. Mr. DeMartini's
principal business address is Two World Trade Center, 66th Floor, New York, NY
10048, and his date of birth is 10/12/52.
Mr. Don G. Powell is currently Chairman and a Director of Van Kampen
American Capital, Inc., VK/AC Holding, Inc., Van Kampen American Capital
Distributors, Inc., Van Kampen American Capital Investment Advisory Corp., Van
Kampen American Capital Asset Management, Inc., Van Kampen American Capital
Management, Inc., Van Kampen American Capital Advisors, Inc., ACCESS Investor
Services, Inc., Van Kampen American Capital Recordkeeping Services, Inc., Van
Kampen American Capital Trust Company and Van Kampen American Capital Exchange
Corporation. Prior to April 15, 1997, Chairman and a Director of Van Kampen
American Capital Services, Inc. Prior to November 1996, President, Chief
Executive Officer and a Director of VK/AC Holding, Inc. Chairman of the Board of
Governors and the Executive Committee of the Investment Company Institute. Prior
to July of 1996, President, Chief Executive Officer and a Trustee/Director of
the funds in the Fund Complex, open-end investment companies advised by Van
Kampen American Capital Management, Inc. and closed-end investment companies
advised by Van Kampen American Capital Investment Advisory Corp. Mr. Powell's
principal business address is 2800 Post Oak Blvd., 45th Floor, Houston, TX
77056, and his date of birth is 10/19/39.
Dennis J. McDonnell resigned as a Trustee of the Fund, effective May 31,
1997.
