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VAN KAMPEN HIGH YIELD MUNICIPAL FUND
A SERIES OF THE
VAN KAMPEN TAX EXEMPT TRUST
SUPPLEMENT DATED JANUARY 10, 2000 TO THE
PROSPECTUS DATED MARCH 30, 1999
AS PREVIOUSLY SUPPLEMENTED ON MAY 3, 1999, SEPTEMBER 7, 1999,
SEPTEMBER 30, 1999 AND OCTOBER 8, 1999
The section of the Prospectus entitled "PURCHASE OF SHARES" is supplemented
with the following:
Effective January 24, 2000, Van Kampen High Yield Municipal Fund will reopen
to new investors for a limited time and a limited amount. All requirements and
conditions for a purchase of shares as described in the Fund's prospectus apply
to orders received in this reopening of the Fund, including the right to refuse
any order or to suspend the sale of the Fund's shares in response to market
conditions or for other reasons. The Fund may terminate this offering without
any prior notice.
