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VAN KAMPEN PACE FUND
SUPPLEMENT DATED JULY 29, 1998 TO THE PROSPECTUS DATED OCTOBER 28, 1997,
AS PREVIOUSLY SUPPLEMENTED ON JANUARY 2, 1998,
MARCH 9, 1998, MAY 12, 1998 AND JULY 14, 1998
The section of the Prospectus entitled "INVESTMENT ADVISORY SERVICES --
PORTFOLIO MANAGEMENT" is hereby amended with the following:
PORTFOLIO MANAGEMENT. Mr. John Cunniff has been primarily responsible for
the day-to-day management of the Fund's investment portfolio since July, 1998.
Mr. Cunniff has assisted in co-managing the Fund's investment portfolio since
November 1996. Mr. Cunniff has been a Vice President and Portfolio Manager of
Van Kampen Asset Management Inc. and Van Kampen Investment Advisory Corp. since
October 1995. Prior to that time, Mr. Cunniff was a Vice President, Portfolio
Manager with Templeton Quantitative Advisors.
PACESPT 798
