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VAN KAMPEN U.S. GOVERNMENT FUND
A SERIES OF THE
U.S. GOVERNMENT TRUST
SUPPLEMENT DATED MARCH 13, 2000 TO THE
PROSPECTUS DATED APRIL 30, 1999,
SUPERCEDING THE SUPPLEMENTS DATED
MAY 3, 1999, OCTOBER 8, 1999
AND JANUARY 4, 2000
(1) The section of the Prospectus entitled "INVESTMENT ADVISORY
SERVICES--PORTFOLIO MANAGEMENT" is hereby deleted in its entirety and replaced
with the following section entitled "INVESTMENT ADVISORY SERVICES--PORTFOLIO
MANAGEMENT".
John R. Reynoldson, Barbara M. Downey and Ted V. Mundy III are co-managers
responsible for the day-to-day management of the Fund's investment portfolio.
Mr. Reynoldson has been Senior Vice President of Asset Management since July
1991 and Senior Vice President of the Adviser since June 1995. Mr. Reynoldson
has been a co-manager of the Fund since January 2000.
Barbara M. Downey has been Vice President of the Adviser since 1996. Prior
to 1996, Ms. Downey spent about two years as a Vice President and Senior
Portfolio Manager at CSI Asset Management, Inc. Ms. Downey has been a co-manager
of the Fund since April 1998.
Ted V. Mundy III has been Vice President of Asset Management since
September 1994 and Vice President of the Adviser since June 1995. Mr. Mundy has
been a co-manager of the Fund since January 2000.
(2) The second paragraph in the section of the Prospectus entitled
"PURCHASE OF SHARES--GENERAL" is hereby deleted in its entirety and replaced
with the following:
Initial investments must be at least $1,000 for each class of shares, and
subsequent investments must be at least $25 for each class of shares. Minimum
investment amounts may be waived by the Distributor for plans involving periodic
investments.
(3) The first sentence of the fifth paragraph in the section of the
Prospectus entitled "PURCHASE OF SHARES--GENERAL" is hereby deleted in its
entirety and replaced with the following:
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The net asset value per share for each class of shares of the Fund is
determined once daily as of the close of trading on the New York Stock Exchange
(the "Exchange")(currently 4:00 p.m., New York time) each day the Exchange is
open for trading except on any day on which no purchase or redemption orders are
received or there is not a sufficient degree of trading in the Fund's portfolio
securities such that the Fund's net asset value per share might be materially
affected.
(4) The Prospectus is hereby amended by adding the following language in
the fourth paragraph of the subsection entitled "EXCHANGE PRIVILEGE" before the
last sentence:
The Fund and other Participating Funds may restrict exchanges by
shareholders engaged in excessive trading by limiting or disallowing the
exchange privilege to such shareholders. For further information on these
restrictions, see the Statement of Additional Information.
RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
