<PAGE> 1
VAN KAMPEN TAX FREE TRUST
ON BEHALF OF ITS SERIES
VAN KAMPEN NEW YORK TAX FREE INCOME FUND
SUPPLEMENT DATED SEPTEMBER 20, 2000 TO THE
PROSPECTUS DATED JANUARY 28, 2000,
SUPERSEDING ALL PRIOR SUPPLEMENTS
The Prospectus is hereby supplemented as follows:
(1) The section of the Prospectus entitled "INVESTMENT ADVISORY
SERVICES -- PORTFOLIO MANAGEMENT" is hereby deleted and replaced with the
following:
Dennis S. Pietrzak is the Fund's portfolio manager and has been
primarily responsible for the day-to-day management of the Fund's
investment portfolio since August 1995. Mr. Pietrzak has been a Vice
President of the Adviser since August 1995. Prior to joining the Adviser,
Mr. Pietrzak was employed by Merrill Lynch where he was in charge of
municipal underwriting and trading for 20 years in Merrill Lynch's Midwest
region.
(2) The first sentence of the fifth paragraph in the section entitled
"PURCHASE OF SHARES -- GENERAL" is hereby deleted and replaced with the
following:
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.
(3) 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.
(4) 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,
Peter W. Hegel*, effective May 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.
<PAGE> 2
Wood III*, Vice President, with John H. Zimmermann, III*, Vice President,
effective April 17, 2000.
(5) The information on the inside back cover of the Prospectus under the
heading "FOR MORE INFORMATION -- INDEPENDENT ACCOUNTANTS" is hereby deleted and
replaced with the following:
ERNST & YOUNG LLP
233 South Wacker Drive
Chicago, Illinois 60606
RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
<PAGE> 3
VAN KAMPEN TAX FREE TRUST
ON BEHALF OF ITS SERIES
VAN KAMPEN TAX FREE HIGH INCOME FUND
SUPPLEMENT DATED SEPTEMBER 20, 2000 TO THE
PROSPECTUS DATED JANUARY 28, 2000,
SUPERSEDING ALL PRIOR SUPPLEMENTS
The Prospectus is hereby supplemented as follows:
(1) The section of the Prospectus entitled "INVESTMENT ADVISORY
SERVICES -- PORTFOLIO MANAGEMENT" is hereby deleted and replaced with the
following:
Dennis S. Pietrzak is the Fund's portfolio manager and has been
primarily responsible for the day-to-day management of the Fund's
investment portfolio since September 2000. Mr. Pietrzak has been a Vice
President of the Adviser since August 1995. Prior to joining the Adviser,
Mr. Pietrzak was employed by Merrill Lynch where he was in charge of
municipal underwriting and trading for 20 years in Merrill Lynch's Midwest
region.
(2) The first sentence of the fifth paragraph in the section entitled
"PURCHASE OF SHARES -- GENERAL" is hereby deleted and replaced with the
following:
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.
(3) 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.
(4) 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,
Peter W. Hegel*, effective May 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.
<PAGE> 4
Wood III*, Vice President, with John H. Zimmermann, III*, Vice President,
effective April 17, 2000.
(5) The information on the inside back cover of the Prospectus under the
heading "FOR MORE INFORMATION -- INDEPENDENT ACCOUNTANTS" is hereby deleted and
replaced with the following:
ERNST & YOUNG LLP
233 South Wacker Drive
Chicago, Illinois 60606
RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
<PAGE> 5
VAN KAMPEN TAX FREE TRUST
ON BEHALF OF ITS SERIES
VAN KAMPEN FLORIDA INSURED TAX FREE INCOME FUND
SUPPLEMENT DATED SEPTEMBER 20, 2000 TO THE
PROSPECTUS DATED JANUARY 28, 2000,
SUPERSEDING ALL PRIOR SUPPLEMENTS
The Prospectus is hereby supplemented as follows:
(1) The first sentence of the fifth paragraph in the section entitled
"PURCHASE OF SHARES -- GENERAL" is hereby deleted and replaced with the
following:
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.
(2) 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.
(3) 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,
Peter W. Hegel*, effective May 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.
<PAGE> 6
(4) The information on the inside back cover of the Prospectus under the
heading "FOR MORE INFORMATION -- INDEPENDENT ACCOUNTANTS" is hereby deleted and
replaced with the following:
ERNST & YOUNG LLP
233 South Wacker Drive
Chicago, Illinois 60606
RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
<PAGE> 7
VAN KAMPEN TAX FREE TRUST
ON BEHALF OF ITS SERIES
VAN KAMPEN INSURED TAX FREE INCOME FUND
SUPPLEMENT DATED SEPTEMBER 20, 2000 TO THE
PROSPECTUS DATED JANUARY 28, 2000,
SUPERSEDING ALL PRIOR SUPPLEMENTS
The Prospectus is hereby supplemented as follows:
(1) The first sentence of the fifth paragraph in the section entitled
"PURCHASE OF SHARES -- GENERAL" is hereby deleted and replaced with the
following:
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.
(2) 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.
(3) 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,
Peter W. Hegel*, effective May 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.
<PAGE> 8
(4) The information on the inside back cover of the Prospectus under the
heading "FOR MORE INFORMATION -- INDEPENDENT ACCOUNTANTS" is hereby deleted and
replaced with the following:
ERNST & YOUNG LLP
233 South Wacker Drive
Chicago, Illinois 60606
RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
<PAGE> 9
VAN KAMPEN TAX FREE TRUST
ON BEHALF OF ITS SERIES
VAN KAMPEN INTERMEDIATE TERM
MUNICIPAL INCOME FUND
SUPPLEMENT DATED SEPTEMBER 20, 2000 TO THE
PROSPECTUS DATED JANUARY 28, 2000,
SUPERSEDING ALL PRIOR SUPPLEMENTS
The Prospectus is hereby supplemented as follows:
(1) The first sentence of the fifth paragraph in the section entitled
"PURCHASE OF SHARES -- GENERAL" is hereby deleted and replaced with the
following:
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.
(2) 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.
(3) 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,
Peter W. Hegel*, effective May 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.
<PAGE> 10
(4) The information on the inside back cover of the Prospectus under the
heading "FOR MORE INFORMATION -- INDEPENDENT ACCOUNTANTS" is hereby deleted and
replaced with the following:
ERNST & YOUNG LLP
233 South Wacker Drive
Chicago, Illinois 60606
RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
<PAGE> 11
VAN KAMPEN TAX FREE TRUST
ON BEHALF OF ITS SERIES
VAN KAMPEN MUNICIPAL INCOME FUND
SUPPLEMENT DATED SEPTEMBER 20, 2000 TO THE
PROSPECTUS DATED JANUARY 28, 2000,
SUPERSEDING ALL PRIOR SUPPLEMENTS
The Prospectus is hereby supplemented as follows:
(1) The first sentence of the fifth paragraph in the section entitled
"PURCHASE OF SHARES -- GENERAL" is hereby deleted and replaced with the
following:
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.
(2) 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.
(3) 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,
Peter W. Hegel*, effective May 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.
<PAGE> 12
(4) The information on the inside back cover of the Prospectus under the
heading "FOR MORE INFORMATION -- INDEPENDENT ACCOUNTANTS" is hereby deleted and
replaced with the following:
ERNST & YOUNG LLP
233 South Wacker Drive
Chicago, Illinois 60606
RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
