VAN KAMPEN GOVERNMENT SECURITIES FUND
497, 2000-04-28
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<PAGE>   1

                     VAN KAMPEN GOVERNMENT SECURITIES FUND
                     SUPPLEMENT DATED APRIL 28, 2000 TO THE
                       PROSPECTUS DATED JANUARY 28, 2000

    The Prospectus is hereby supplemented as follows:

    (1) The information on the inside back cover of the Prospectus under the
heading "BOARD OF TRUSTEES AND OFFICERS--BOARD OF TRUSTEES" is hereby amended by
deleting Paul G. Yovovich, effective April 14, 2000.

    (2) The information on the inside back cover of the Prospectus under the
heading "BOARD OF TRUSTEES AND OFFICERS--OFFICERS" is hereby amended by deleting
all information pertaining to Curtis W. Morell* and Tanya M. Loden*, effective
January 31, 2000, Dennis J. McDonnell*, effective March 31, 2000, and by
deleting and replacing Stephen L. Boyd's title of Vice President with Executive
Vice President and Chief Investment Officer and Edward C. Wood, III*, Vice
President, with John H. Zimmermann, III*, Vice President, effective April 17,
2000.

                  RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
<PAGE>   2

                     VAN KAMPEN GOVERNMENT SECURITIES FUND
                     SUPPLEMENT DATED APRIL 28, 2000 TO THE
           STATEMENT OF ADDITIONAL INFORMATION DATED JANUARY 28, 2000

     The Statement of Additional Information is hereby supplemented as follows:

     (1) The section entitled "TRUSTEES AND OFFICERS" is hereby amended by
         deleting all information pertaining to Paul G. Yovovich, effective
         April 14, 2000.

     (2) The section entitled "TRUSTEES AND OFFICERS -- OFFICERS" is hereby
         amended by deleting all information pertaining to Curtis W. Morell and
         Tanya M. Loden, effective January 31, 2000, Dennis J. McDonnell,
         effective March 31, 2000, and Edward C. Wood, III and Stephen L. Boyd,
         effective April 17, 2000, and by adding the following:

<TABLE>
<S>                                         <C>
Stephen L. Boyd...........................  Executive Vice President and Chief Investment Officer of
Date of Birth: 11/16/40                     Van Kampen Investments, and President and Chief Operating
Executive Vice President and                Officer of the Advisers. Executive Vice President and
Chief Investment Officer                    Chief Investment Officer of each of the funds in the Fund
Age: 59                                     Complex and certain other investment companies advised by
                                            the Advisers or their affiliates. Prior to April 2000,
                                            Vice President and Chief Investment Officer of the
                                            Advisers. Prior to October 1998, Vice President and
                                            Senior Portfolio Manager with AIM Capital Management,
                                            Inc. Prior to February 1995, Senior Vice President and
                                            Portfolio Manager of Van Kampen American Capital Asset
                                            Management, Inc. Van Kampen American Capital Investment
                                            Advisory Corp. and Van Kampen American Capital
                                            Management, Inc.
John H. Zimmermann, III...................  Senior Vice President and Director of Van Kampen
Date of Birth: 11/25/57                     Investments, President and Director of the Distributor
Vice President                              and President of Van Kampen Insurance Agency of Illinois
Age: 42                                     Inc. Vice President of each of the funds in the Fund
                                            Complex. From November 1992 to December 1997, Senior Vice
                                            President of the Distributor.
</TABLE>

     (3) The footnote to the "CLASS A SHARES SALES CHARGE TABLE" at the end of
the second paragraph in the section entitled "DISTRIBUTION AND SERVICE" is
hereby deleted in its entirety and replaced with the following:

          * No sales charge is payable at the time of purchase on investments of
     $1 million or more, although the Fund may impose a contingent deferred
     sales charge of 1.00% on certain redemptions made within one year of
     purchase. A commission or transaction fee will be paid by the Distributor
     at the time of purchase directly out of the Distributor's assets (and not
     out of the Fund's assets) to authorized dealers who initiate and are
     responsible for purchases of $1 million or more computed on a percentage of
     the dollar value of such shares sold as follows: 1.00% on sales to $2
     million, plus 0.80% on the next $1 million and 0.50% on the excess over $3
     million. For single purchases of $20 million or more by an individual
     retail investor the Distributor will pay, at the time of purchase and
     directly out of the Distributor's assets (and not out of the Fund's
     assets), a commission or transaction fee of 1.00% to authorized dealers who
     initiate and are responsible for such purchases. The commission or
     transaction fee of 1.00% will be computed on a percentage of the dollar
     value of such shares sold.


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