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VAN KAMPEN LIFE INVESTMENT TRUST
EMERGING GROWTH PORTFOLIO
SUPPLEMENT DATED MARCH 1, 2000
TO THE PROSPECTUS DATED APRIL 30, 1999,
AS SUPPLEMENTED ON OCTOBER 8, 1999
(1) At the shareholder meeting held on September 22, 1999 for the Emerging
Growth Portfolio (the "Portfolio"), a series of Van Kampen Life Investment
Trust, the shareholders approved changing the Portfolio's investment objective
to read as follows:
"The investment objective of the Portfolio is to seek capital
appreciation."
In addition, the Portfolio replaced its fundamental investment policy on
investing in small- and medium-size companies with a non-fundamental investment
policy that reads as follows:
"Under normal market conditions, the Portfolio's investment adviser seeks
to achieve the Portfolio's investment objective by investing at least 65%
of the Portfolio's total assets in common stocks of emerging growth
companies. Emerging growth companies are those companies in the early
stages of their life cycles that the Portfolio's investment adviser
believes have the potential to become major enterprises."
References in the prospectus to the Portfolio's investment objective and
the fundamental investment policy regarding investments in small- and
medium-size companies are hereby deleted and replaced by the statements set
forth above.
(2) The fifth paragraph of the section in the Prospectus entitled
"INVESTMENT ADVISORY SERVICES--PORTFOLIO MANAGEMENT" is hereby deleted and
replaced in its entirety with the following:
The Emerging Growth Portfolio is managed by a group of portfolio
managers headed by Gary M. Lewis, Senior Portfolio Manager. Mr. Lewis has
been Senior Vice President of the Adviser and Advisory Corp. since
September 1995. Prior to September 1995, Mr. Lewis was Vice President and
Portfolio Manager to the Adviser since June 1991. Mr. Lewis has been
employed by the Adviser since September 1986. Mr. Lewis has been affiliated
with the Portfolio since its inception. Portfolio Managers Dudley
Brickhouse, Matthew Hart, Janet Luby and David Walker are responsible as
co-managers for the day-to-day management of the Portfolio. Mr. Brickhouse,
a Portfolio
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Manager and Vice President of the Adviser and Advisory Corp. since January
1999, has been an Associate Portfolio Manager of the Adviser and Advisory
Corp. since September 1997. Prior to September 1997, Mr. Brickhouse was a
Vice President and Portfolio Manager with NationsBank Investment Management
since 1995. Mr. Brickhouse has been affiliated with the Portfolio since
September 1997. Mr. Hart has been a Portfolio Manager since January 1998
and Vice President of the Adviser and Advisory Corp. since December 1998.
Prior to January 1998, Mr. Hart was Associate Portfolio Manager of the
Adviser and Advisory Corp. Prior to August 1997, Mr. Hart was with AIM
Capital Management, Inc. since June 1992, working in various positions
within the portfolio area the entire five years he was there, with his last
position being a convertible bonds analyst. Mr. Hart has been affiliated
with the Portfolio since January 2000. Ms. Luby, a Portfolio Manager and
Vice President of the Adviser and Advisory Corp. since December 1998,
became an Assistant Vice President of the Adviser and Advisory Corp. in
December of 1997. Ms. Luby was an Associate Portfolio Manager of the
Adviser since July 1995. Prior to July 1995, she spent eight years at AIM
Capital Management, Inc. where she worked five years in the accounting
department and three years in the investment area. Her last position in the
investment area was that of Senior Securities Analyst. Ms. Luby has been
affiliated with the Portfolio since July 1995. Mr. Walker, a Portfolio
Manager and Vice President of the Adviser and Advisory Corp. since January
1999, has been an Assistant Vice President of the Adviser and Advisory
Corp. since June 1995. Prior to April 1996, Mr. Walker was a Quantitative
Analyst of the Adviser, having worked for the Adviser since October 1990.
Mr. Walker has been affiliated with the Portfolio since May 1996. Mr.
Walker is also the portfolio manager for various unit investment trusts
managed by the Adviser or its affiliates since September 1997.
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