<PAGE> 1
VAN KAMPEN TAX FREE TRUST
ON BEHALF OF ITS SERIES
VAN KAMPEN FLORIDA INSURED TAX FREE INCOME FUND
VAN KAMPEN INSURED TAX FREE INCOME FUND
VAN KAMPEN INTERMEDIATE TERM MUNICIPAL INCOME FUND
VAN KAMPEN MUNICIPAL INCOME FUND
VAN KAMPEN NEW YORK TAX FREE INCOME FUND
VAN KAMPEN TAX FREE HIGH INCOME FUND
VAN KAMPEN PENNSYLVANIA TAX FREE INCOME FUND
SUPPLEMENT DATED MAY 25, 2000 TO THE
PROSPECTUS DATED JANUARY 28, 2000,
SUPERCEDING 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> 2
(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> 3
VAN KAMPEN TAX FREE TRUST
ON BEHALF OF ITS SERIES
VAN KAMPEN CALIFORNIA INSURED TAX FREE FUND
SUPPLEMENT DATED MAY 25, 2000 TO THE
PROSPECTUS DATED JANUARY 28, 2000,
SUPERCEDING ALL PRIOR SUPPLEMENTS
The Prospectus is hereby supplemented as follows:
(1) The table in the section entitled "RISK/RETURN SUMMARY -- COMPARATIVE
PERFORMANCE" is hereby amended by adding after the Class B Share "Since
Inception" performance figure the following footnote:
** The "Since Inception" performance for Class B Shares reflects the
conversion of such shares into Class A Shares six years after the end of the
calendar month in which shares were purchased. Class B Shares purchased on
or after June 1, 1996 will convert to Class A Shares eight years after
purchase. See "Purchase of Shares."
(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 second sentence of the first paragraph in the section entitled
"PURCHASE OF SHARES -- CONVERSION FEATURE" is hereby deleted and replaced with
the following:
Class B Shares purchased before June 1, 1996, including Class B Shares
received from reinvestment of distributions through the dividend
reinvestment plan, automatically convert to Class A Shares six years after
the end of the calendar month in which the shares were purchased.
(4) 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.
(5) 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*,
<PAGE> 4
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.
(6) 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 CALIFORNIA INSURED TAX FREE FUND
VAN KAMPEN FLORIDA INSURED TAX FREE INCOME FUND
VAN KAMPEN INSURED TAX FREE INCOME FUND
VAN KAMPEN INTERMEDIATE TERM MUNICIPAL INCOME FUND
VAN KAMPEN MUNICIPAL INCOME FUND
VAN KAMPEN NEW YORK TAX FREE INCOME FUND
VAN KAMPEN TAX FREE HIGH INCOME FUND
VAN KAMPEN PENNSYLVANIA TAX FREE INCOME FUND
SUPPLEMENT DATED MAY 25, 2000 TO THE
STATEMENT OF ADDITIONAL INFORMATION DATED JANUARY 28, 2000,
SUPERCEDING ALL PRIOR SUPPLEMENTS
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, Edward C. Wood, III and Stephen L. Boyd, effective April 17, 2000, and
Peter W. Hegel, effective May 31, 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 1998, 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.
<PAGE> 6
(4) The information in the section entitled "OTHER INFORMATION--INDEPENDENT
ACCOUNTANTS" is hereby deleted in its entirety and replaced with the following:
Independent accountants for the Fund perform an annual audit of the Fund's
financial statements. The Fund's Board of Trustees has engaged Ernst & Young
LLP, located at 233 South Wacker Drive, Chicago, Illinois 60606, to be the
Fund's independent accountants, effective May 18, 2000. KPMG LLP, located at 303
West Wacker Drive, Chicago, Illinois 60601 ("KPMG"), ceased being the Fund's
independent accountants effective April 14, 2000. The cessation of the
client-auditor relationship between the Fund and KPMG was based solely on a
possible future business relationship by KPMG with an affiliate of the Fund's
investment adviser. The change in independent accountants was approved by the
Fund's audit committee and the Fund's Board of Trustees, including Trustees who
are not "interested persons" of the Fund (as defined in the 1940 Act).
RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
