<PAGE> 1
VAN KAMPEN LIFE INVESTMENT TRUST
ON BEHALF OF ITS SERIES
GOVERNMENT PORTFOLIO
SUPPLEMENT DATED JANUARY 2, 2001 TO THE
PROSPECTUS DATED APRIL 28, 2000,
SUPERSEDING ALL PRIOR SUPPLEMENTS
The Prospectus is hereby supplemented as follows:
(1) The section entitled "INVESTMENT ADVISORY SERVICES -- PORTFOLIO
MANAGEMENT" is hereby deleted in its entirety and replaced with the following:
PORTFOLIO MANAGEMENT. Ted V. Mundy III is a Senior Vice President of the
Adviser and Advisory Corp. since December 2000, and has been Vice President of
Advisory Corp. since June 1995 and Vice President of the Adviser since September
1994. From September 1990 to June 1994, he was a portfolio manager with AMR
Investment Services, Inc. Mr. Mundy has been primarily responsible for the
day-to-day management of the Fund's investment portfolio since January 2001.
(2) The information on the inside back cover of the Prospectus under the
heading "BOARD OF TRUSTEES AND OFFICERS -- TRUSTEES" is hereby amended by
deleting all information pertaining to Fernando Sisto, effective December 31,
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 Peter W. Hegel*, effective May 31, 2000,
and by adding John R. Reynoldson, Vice President and Richard A. Ciccarone, Vice
President, effective June 7, 2000.
(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:
Independent Auditors
ERNST & YOUNG LLP
233 South Wacker Drive
Chicago, Illinois 60606
RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
MF SPT MAY
<PAGE> 2
VAN KAMPEN LIFE INVESTMENT TRUST
ON BEHALF OF ITS SERIES
GOVERNMENT PORTFOLIO
SUPPLEMENT DATED JANUARY 2, 2001 TO THE
STATEMENT OF ADDITIONAL INFORMATION DATED APRIL 28, 2000,
SUPERSEDING ALL PRIOR SUPPLEMENTS
The Statement of Additional Information is hereby supplemented as follows:
(1) The section entitled "TRUSTEES AND OFFICERS -- TRUSTEES" is hereby
amended by deleting all information pertaining to Fernando Sisto, effective
December 31, 2000.
(2) The section entitled "TRUSTEES AND OFFICERS -- OFFICERS" is hereby
amended by deleting all information pertaining to Peter W. Hegel, effective May
31, 2000, and by adding the following:
<TABLE>
<S> <C>
Richard A. Ciccarone................. Senior Vice President and Co-head of the Fixed Income
Date of Birth: 06/15/52 Department of the Advisers, Van Kampen Management Inc. and
Vice President Van Kampen Advisors Inc. Prior to May 2000, he served as
Age: 48 Co-head of Municipal Investments and Director of Research
of the Advisers, Van Kampen Management Inc. and Van Kampen
Advisors Inc. Mr. Ciccarone first joined the Adviser in
June 1983, and worked for the Adviser until May 1989, with
his last position being a Vice President. From June 1989
to April 1996, he worked at EVEREN Securities (formerly
known as Kemper Securities), with his last position at
EVEREN being an Executive Vice President. Since April
1996, Mr. Ciccarone has been a Senior Vice President of
the Advisers, Van Kampen Management Inc. and Van Kampen
Advisors Inc.
John R. Reynoldson................... Senior Vice President and Co-head of the Fixed Income
Date of Birth: 05/15/53 Department of the Advisers, Van Kampen Management Inc. and
Vice President Van Kampen Advisors Inc. Prior to May 2000, he managed the
Age: 47 investment grade taxable group for the Adviser since July
1999. From July 1988 to June 1999, he managed the
government securities bond group for Asset Management. Mr.
Reynoldson has been with Asset Management since April
1987, and has been a Senior Vice President of Asset
Management since July 1988. He has been a Senior Vice
President of the Adviser and Van Kampen Management Inc.
since June 1995 and Senior Vice President of Van Kampen
Advisors Inc. since June 2000.
</TABLE>
(3) The information in the section entitled "OTHER
INFORMATION -- INDEPENDENT ACCOUNTANTS" is hereby deleted in its entirety and
replaced with the following:
"OTHER INFORMATION -- INDEPENDENT AUDITORS." Independent auditors 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 auditors, effective
May 18, 2000. PricewaterhouseCoopers LLP, located at 200 East Randolph Drive,
Chicago, Illinois 60601 ("PWC"), ceased being the Fund's independent auditors
effective May 18, 2000. The cessation of the client-auditor relationship between
the Fund and PWC was based solely on a possible future business relationship by
PWC with an affiliate of the Fund's investment adviser. The change in
independent auditors 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
MF SPT SAI 1
