<PAGE> 1
VAN KAMPEN AMERICAN CAPITAL
SUPPLEMENT DATED JANUARY 2, 1998, TO THE
STATEMENT OF ADDITIONAL INFORMATION DATED OCTOBER 28, 1997
VKAC AGGRESSIVE GROWTH FUND
STATEMENT OF ADDITIONAL INFORMATION DATED DECEMBER 29, 1997
VKAC CORPORATE BOND FUND
VKAC HIGH INCOME CORPORATE BOND FUND
STATEMENT OF ADDITIONAL INFORMATION DATED JANUARY 28, 1997, AS PREVIOUSLY
SUPPLEMENTED ON JULY 21, 1997
VKAC U.S. GOVERNMENT TRUST FOR INCOME
STATEMENT OF ADDITIONAL INFORMATION DATED APRIL 30, 1997, AS PREVIOUSLY
SUPPLEMENTED ON JULY 21, 1997
VKAC GOVERNMENT SECURITIES FUND
The Distributor has entered into agreements with (i) The Prudential
Insurance Company of America ("Prudential") under which the Fund shall be
offered pursuant to the PruArray Programs and (ii) Merrill Lynch ("Merrill")
under which the Fund shall be offered pursuant to the Merrill Program. Trustees
and other fiduciaries of retirement plans seeking to invest in multiple fund
families through broker-dealer retirement plan alliance programs should contact
Prudential or Merrill for further information concerning the PruArray and
Merrill Programs including, but not limited to, minimum size and operational
requirements.