<PAGE> 1
VAN KAMPEN LIFE INVESTMENT TRUST
ON BEHALF OF ITS SERIES
COMSTOCK PORTFOLIO
CLASS I SHARES
SUPPLEMENT DATED JANUARY 8, 2001 TO THE
PROSPECTUS DATED APRIL 28, 2000,
SUPERSEDING ALL PRIOR SUPPLEMENTS
The Prospectus is hereby supplemented as follows:
(1) The information on the inside back cover of the Prospectus under the
heading "BOARD OF TRUSTEES AND OFFICERS-TRUSTEES" is hereby amended by deleting
Fernando Sisto, effective December 31, 2000.
(2) 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.
(3) 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
65176
<PAGE> 2
VAN KAMPEN LIFE INVESTMENT TRUST
ON BEHALF OF ITS SERIES
ENTERPRISE PORTFOLIO
CLASS I SHARES
SUPPLEMENT DATED JANUARY 8, 2001 TO THE
PROSPECTUS DATED APRIL 28, 2000,
SUPERSEDING ALL PRIOR SUPPLEMENTS
The Prospectus is hereby supplemented as follows:
(1) The information on the inside back cover of the Prospectus under the
heading "BOARD OF TRUSTEES AND OFFICERS-TRUSTEES" is hereby amended by deleting
Fernando Sisto, effective December 31, 2000.
(2) 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.
(3) 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
65176
<PAGE> 3
VAN KAMPEN LIFE INVESTMENT TRUST
ON BEHALF OF ITS SERIES
GLOBAL EQUITY PORTFOLIO
CLASS I SHARES
SUPPLEMENT DATED JANUARY 8, 2001 TO THE
PROSPECTUS DATED APRIL 28, 2000,
SUPERSEDING ALL PRIOR SUPPLEMENTS
The Prospectus is hereby supplemented as follows:
(1) The information on the inside back cover of the Prospectus under the
heading "BOARD OF TRUSTEES AND OFFICERS-TRUSTEES" is hereby amended by deleting
Fernando Sisto, effective December 31, 2000.
(2) 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.
(3) 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
65176
<PAGE> 4
VAN KAMPEN LIFE INVESTMENT TRUST
ON BEHALF OF ITS SERIES
MONEY MARKET PORTFOLIO
CLASS I SHARES
SUPPLEMENT DATED JANUARY 8, 2001 TO THE
PROSPECTUS DATED APRIL 28, 2000,
SUPERSEDING ALL PRIOR SUPPLEMENTS
The Prospectus is hereby supplemented as follows:
(1) The information on the inside back cover of the Prospectus under the
heading "BOARD OF TRUSTEES AND OFFICERS-TRUSTEES" is hereby amended by deleting
Fernando Sisto, effective December 31, 2000.
(2) 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.
(3) 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
65176
<PAGE> 5
VAN KAMPEN LIFE INVESTMENT TRUST
ON BEHALF OF ITS SERIES
STRATEGIC STOCK PORTFOLIO
CLASS I SHARES
SUPPLEMENT DATED JANUARY 8, 2001 TO THE
PROSPECTUS DATED APRIL 28, 2000,
SUPERSEDING ALL PRIOR SUPPLEMENTS
The Prospectus is hereby supplemented as follows:
(1) The information on the inside back cover of the Prospectus under the
heading "BOARD OF TRUSTEES AND OFFICERS-TRUSTEES" is hereby amended by deleting
Fernando Sisto, effective December 31, 2000.
(2) 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.
(3) 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
65176
<PAGE> 6
VAN KAMPEN LIFE INVESTMENT TRUST
ON BEHALF OF ITS SERIES
GROWTH AND INCOME PORTFOLIO
CLASS I SHARES
SUPPLEMENT DATED JANUARY 8, 2001 TO THE
PROSPECTUS DATED APRIL 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:
PORTFOLIO MANAGEMENT. The Growth and Income Portfolio is managed by a team
of portfolio managers, James A. Gilligan, Senior Portfolio Manager, Scott
Carroll, Portfolio Manager and James O. Roader, Portfolio Manager. Mr. Gilligan
has been primarily responsible for managing the Portfolio's investments since
the Portfolio's inception. Mr. Gilligan has been a Senior Vice President and a
Portfolio Manager of the Adviser since September 1995 and of Advisory Corp.
since June 1995. Prior to September 1995, Mr. Gilligan was a Vice President and
Portfolio Manager of the Adviser.
Mr. Carroll has been a Portfolio Manager of the Portfolio since July 1997
and a Vice President of the Adviser and Advisory Corp. since February 1999. He
has been employed by the Adviser and Advisory since December 1996. Prior to
December 1996, Mr. Carroll was an Equity Analyst for 3 years with Lincoln
Capital Management Company.
Mr. Roader has been a Portfolio Manager of the Portfolio and a Vice
President of the Adviser and Advisory Corp. since May 1999. Prior to that time,
Mr. Roader was an analyst for 3 years with Midwest Research and prior to that,
an analyst for approximately 2 years with Duff & Phelps Equity Research.
(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 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.
<PAGE> 7
(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
LIT SPT GINC
560
<PAGE> 8
VAN KAMPEN LIFE INVESTMENT TRUST
ON BEHALF OF ITS SERIES
GOVERNMENT PORTFOLIO
CLASS I SHARES
SUPPLEMENT DATED JANUARY 8, 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 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> 9
VAN KAMPEN LIFE INVESTMENT TRUST
ON BEHALF OF ITS SERIES
ASSET ALLOCATION PORTFOLIO
CLASS I SHARES
SUPPLEMENT DATED JANUARY 8, 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. The Asset Allocation Portfolio is managed by a
group of Portfolio Managers headed by John Cunniff, Senior Portfolio
Manager. Mr. Cunniff and Raj Wagle are responsible for allocating the
Portfolio's assets between the equity and fixed-income categories. Mr.
Cunniff is responsible for the day-to-day management of the Portfolio's
equity investments. Mr. Cunniff has been a Vice President and Director of
Equity Research of the Adviser since October 1995. Prior to October 1995, he
was a Portfolio Manager for 3 years with Templeton Quantitative Advisors, a
subsidiary of the Franklin Group. Mr. Cunniff has been affiliated with the
Portfolio since March 1996.
Mr. Wagle has been affiliated with the Portfolio since April 1999. Mr.
Wagle has been Portfolio Manager of the Adviser since April 1999 and a
Quantitative Equity Analyst of the Adviser since February 1998. Prior to
November 1997, he was an Equity Analyst with Aeltus Investment Management.
Prior to December 1995, he was with Oppenheimer & Company for three years.
He was an Equity Analyst for two years and spent his first year as a
Research Associate.
Kelly Gilbert is responsible for the day-to-day management of the
Portfolio's fixed-income investments. Ms. Gilbert has been affiliated with
the Portfolio since June 1999. Ms. Gilbert joined the Adviser and Advisory
Corp. in September 1995 and became an Assistant Vice President of the
Adviser and Advisory Corp. in December 1997. Ms. Gilbert has been a Vice
President of the Adviser and Advisory Corp. since February 1999. Prior to
September 1995, Ms. Gilbert was a corporate bond trader for two years at ABN
AMRO, N.A., a foreign owned bank.
(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
Fernando Sisto, effective December 31, 2000.
<PAGE> 10
(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
LIT SPT AALL
64
<PAGE> 11
VAN KAMPEN LIFE INVESTMENT TRUST
ON BEHALF OF ITS SERIES
DOMESTIC INCOME PORTFOLIO
CLASS I SHARES
SUPPLEMENT DATED JANUARY 8, 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. The Domestic Income Portfolio is managed by Kelly
Gilbert, a Vice President of the Adviser and Advisory Corp. since February 1999.
Ms. Gilbert joined the Adviser and Advisory Corp. in September 1995 and became
an Assistant Vice President of the Adviser and Advisory Corp. in December 1997.
Prior to September 1995, Ms. Gilbert was a corporate bond trader for 2 years at
ABN AMRO, N.A., a foreign owned bank. Ms. Gilbert has been affiliated with the
Portfolio since June 1999.
(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
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
LIT SPT DI
66
<PAGE> 12
VAN KAMPEN LIFE INVESTMENT TRUST
ON BEHALF OF ITS SERIES
EMERGING GROWTH PORTFOLIO
CLASS I SHARES
SUPPLEMENT DATED JANUARY 8, 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. The Emerging Growth Portfolio is managed by a team of
portfolio managers. Senior Portfolio Manager Gary M. Lewis is the lead manager
of the Portfolio. Mr. Lewis has been a Senior Vice President of the Adviser and
Advisory Corp. since September 1995. Mr. Lewis became a Vice President and
Portfolio Manager of the Adviser in June 1991. Mr. Lewis has been employed by
the Adviser since September 1986. He has been affiliated with the Portfolio
since its inception.
Senior Portfolio Managers Dudley Brickhouse, Janet Luby and David Walker and
Portfolio Manager Matthew Hart are responsible as co-managers for the day-to-day
management of the Portfolio's investment portfolio.
Mr. Brickhouse has been a Senior Portfolio Manager since April 2000, and a
Portfolio Manager and Vice President of the Adviser and Advisory Corp. since
December 1998. Mr. Brickhouse became an Associate Portfolio Manager of the
Adviser and Advisory Corp. in September 1997. Prior to September 1997, Mr.
Brickhouse was a Vice President and Portfolio Manager with NationsBank, where he
had worked since 1985. He has been affiliated with the Portfolio since September
1997.
Mr. Hart has been a Portfolio Manager since January 1998, and a Vice
President of the Adviser and Advisory Corp. since December 1998. Mr. Hart became
an Associate Portfolio Manager of the Adviser and Advisory Corp. in August 1997.
Prior to August 1997, Mr. Hart held various positions within the portfolio area
of AIM Capital Management, Inc., where he had worked since June 1992. Mr. Hart's
last position in the AIM portfolio area was as a convertible bonds analyst. He
has been affiliated with the Portfolio since February 2000.
Ms. Luby has been a Senior Portfolio Manager since April 2000, and a
Portfolio Manager and Vice President of the Adviser and Advisory Corp. since
December 1998. Ms. Luby became an Assistant Vice President of the Adviser and
Advisory Corp. in December 1997 and an Associate Portfolio Manager of the
Adviser in July 1995. Prior to July 1995, Ms. Luby 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 AIM
investment area was as a senior securities analyst. Ms. Luby also has been the
<PAGE> 13
portfolio manager for various unit investment trusts managed by the Adviser or
its affiliates since August 1999. She has been affiliated with the Portfolio
since its inception.
Mr. Walker has been a Senior Portfolio Manager since April 2000, and a
Portfolio Manager and a Vice President of the Adviser and Advisory Corp. since
December 1998. Mr. Walker became an Assistant Vice President of the Adviser and
Advisory Corp. in June 1995. Prior to April 1996, Mr. Walker was a Quantitative
Analyst of the Adviser and has worked for the Adviser since October 1990. Mr.
Walker also has been the portfolio manager for various unit investment trusts
managed by the Adviser or its affiliates since September 1997. Mr. Walker has
been affiliated with the Portfolio since April 1996.
(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
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
LIT SPT EMG
68
<PAGE> 14
VAN KAMPEN LIFE INVESTMENT TRUST
ON BEHALF OF ITS SERIES
COMSTOCK PORTFOLIO
CLASS II SHARES
SUPPLEMENT DATED JANUARY 8, 2001 TO THE
PROSPECTUS DATED APRIL 28, 2000,
SUPERSEDING ALL PRIOR SUPPLEMENTS
The Prospectus is hereby supplemented as follows:
(1) The information on the inside back cover of the Prospectus under the
heading "BOARD OF TRUSTEES AND OFFICERS-TRUSTEES" is hereby amended by deleting
Fernando Sisto, effective December 31, 2000.
(2) 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.
(3) 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
65176
<PAGE> 15
VAN KAMPEN LIFE INVESTMENT TRUST
ON BEHALF OF ITS SERIES
ENTERPRISE PORTFOLIO
CLASS II SHARES
SUPPLEMENT DATED JANUARY 8, 2001 TO THE
PROSPECTUS DATED APRIL 28, 2000,
SUPERSEDING ALL PRIOR SUPPLEMENTS
The Prospectus is hereby supplemented as follows:
(1) The information on the inside back cover of the Prospectus under the
heading "BOARD OF TRUSTEES AND OFFICERS-TRUSTEES" is hereby amended by deleting
Fernando Sisto, effective December 31, 2000.
(2) 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.
(3) 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
65176
<PAGE> 16
VAN KAMPEN LIFE INVESTMENT TRUST
ON BEHALF OF ITS SERIES
GLOBAL EQUITY PORTFOLIO
CLASS II SHARES
SUPPLEMENT DATED JANUARY 8, 2001 TO THE
PROSPECTUS DATED APRIL 28, 2000,
SUPERSEDING ALL PRIOR SUPPLEMENTS
The Prospectus is hereby supplemented as follows:
(1) The information on the inside back cover of the Prospectus under the
heading "BOARD OF TRUSTEES AND OFFICERS-TRUSTEES" is hereby amended by deleting
Fernando Sisto, effective December 31, 2000.
(2) 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.
(3) 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
65176
<PAGE> 17
VAN KAMPEN LIFE INVESTMENT TRUST
ON BEHALF OF ITS SERIES
MONEY MARKET PORTFOLIO
CLASS II SHARES
SUPPLEMENT DATED JANUARY 8, 2001 TO THE
PROSPECTUS DATED APRIL 28, 2000,
SUPERSEDING ALL PRIOR SUPPLEMENTS
The Prospectus is hereby supplemented as follows:
(1) The information on the inside back cover of the Prospectus under the
heading "BOARD OF TRUSTEES AND OFFICERS-TRUSTEES" is hereby amended by deleting
Fernando Sisto, effective December 31, 2000.
(2) 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.
(3) 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
65176
<PAGE> 18
VAN KAMPEN LIFE INVESTMENT TRUST
ON BEHALF OF ITS SERIES
STRATEGIC STOCK PORTFOLIO
CLASS II SHARES
SUPPLEMENT DATED JANUARY 8, 2001 TO THE
PROSPECTUS DATED APRIL 28, 2000,
SUPERSEDING ALL PRIOR SUPPLEMENTS
The Prospectus is hereby supplemented as follows:
(1) The information on the inside back cover of the Prospectus under the
heading "BOARD OF TRUSTEES AND OFFICERS-TRUSTEES" is hereby amended by deleting
Fernando Sisto, effective December 31, 2000.
(2) 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.
(3) 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
65176
<PAGE> 19
VAN KAMPEN LIFE INVESTMENT TRUST
ON BEHALF OF ITS SERIES
GOVERNMENT PORTFOLIO
CLASS II SHARES
SUPPLEMENT DATED JANUARY 8, 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 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> 20
VAN KAMPEN LIFE INVESTMENT TRUST
ON BEHALF OF ITS SERIES
GROWTH AND INCOME PORTFOLIO
CLASS II SHARES
SUPPLEMENT DATED JANUARY 8, 2001 TO THE
PROSPECTUS DATED APRIL 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:
PORTFOLIO MANAGEMENT. The Growth and Income Portfolio is managed by a team
of portfolio managers, James A. Gilligan, Senior Portfolio Manager, Scott
Carroll, Portfolio Manager and James O. Roader, Portfolio Manager. Mr. Gilligan
has been primarily responsible for managing the Portfolio's investments since
the Portfolio's inception. Mr. Gilligan has been a Senior Vice President and a
Portfolio Manager of the Adviser since September 1995 and of Advisory Corp.
since June 1995. Prior to September 1995, Mr. Gilligan was a Vice President and
Portfolio Manager of the Adviser.
Mr. Carroll has been a Portfolio Manager of the Portfolio since July 1997
and a Vice President of the Adviser and Advisory Corp. since February 1999. He
has been employed by the Adviser and Advisory since December 1996. Prior to
December 1996, Mr. Carroll was an Equity Analyst for 3 years with Lincoln
Capital Management Company.
Mr. Roader has been a Portfolio Manager of the Portfolio and a Vice
President of the Adviser and Advisory Corp. since May 1999. Prior to that time,
Mr. Roader was an analyst for 3 years with Midwest Research and prior to that,
an analyst for approximately 2 years with Duff & Phelps Equity Research.
(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 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.
<PAGE> 21
(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
LIT SPT GINC
560
<PAGE> 22
VAN KAMPEN LIFE INVESTMENT TRUST
ON BEHALF OF ITS SERIES
ASSET ALLOCATION PORTFOLIO
CLASS II SHARES
SUPPLEMENT DATED JANUARY 8, 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. The Asset Allocation Portfolio is managed by a
group of Portfolio Managers headed by John Cunniff, Senior Portfolio
Manager. Mr. Cunniff and Raj Wagle are responsible for allocating the
Portfolio's assets between the equity and fixed-income categories. Mr.
Cunniff is responsible for the day-to-day management of the Portfolio's
equity investments. Mr. Cunniff has been a Vice President and Director of
Equity Research of the Adviser since October 1995. Prior to October 1995, he
was a Portfolio Manager for 3 years with Templeton Quantitative Advisors, a
subsidiary of the Franklin Group. Mr. Cunniff has been affiliated with the
Portfolio since March 1996.
Mr. Wagle has been affiliated with the Portfolio since April 1999. Mr.
Wagle has been Portfolio Manager of the Adviser since April 1999 and a
Quantitative Equity Analyst of the Adviser since February 1998. Prior to
November 1997, he was an Equity Analyst with Aeltus Investment Management.
Prior to December 1995, he was with Oppenheimer & Company for three years.
He was an Equity Analyst for two years and spent his first year as a
Research Associate.
Kelly Gilbert is responsible for the day-to-day management of the
Portfolio's fixed-income investments. Ms. Gilbert has been affiliated with
the Portfolio since June 1999. Ms. Gilbert joined the Adviser and Advisory
Corp. in September 1995 and became an Assistant Vice President of the
Adviser and Advisory Corp. in December 1997. Ms. Gilbert has been a Vice
President of the Adviser and Advisory Corp. since February 1999. Prior to
September 1995, Ms. Gilbert was a corporate bond trader for two years at ABN
AMRO, N.A., a foreign owned bank.
(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
Fernando Sisto, effective December 31, 2000.
<PAGE> 23
(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
LIT SPT AALL
64
<PAGE> 24
VAN KAMPEN LIFE INVESTMENT TRUST
ON BEHALF OF ITS SERIES
AGGRESSIVE GROWTH PORTFOLIO
CLASS II SHARES
SUPPLEMENT DATED JANUARY 8, 2001 TO THE
PROSPECTUS DATED SEPTEMBER 13, 2000
The Prospectus is hereby supplemented as follows:
(1) The information on the inside back cover of the Prospectus under the
heading "BOARD OF TRUSTEES AND OFFICERS-TRUSTEES" is hereby amended by deleting
Fernando Sisto, effective December 31, 2000.
RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
LIT SPT DI
66
<PAGE> 25
VAN KAMPEN LIFE INVESTMENT TRUST
ON BEHALF OF ITS SERIES
DOMESTIC INCOME PORTFOLIO
CLASS II SHARES
SUPPLEMENT DATED JANUARY 8, 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. The Domestic Income Portfolio is managed by Kelly
Gilbert, a Vice President of the Adviser and Advisory Corp. since February 1999.
Ms. Gilbert joined the Adviser and Advisory Corp. in September 1995 and became
an Assistant Vice President of the Adviser and Advisory Corp. in December 1997.
Prior to September 1995, Ms. Gilbert was a corporate bond trader for 2 years at
ABN AMRO, N.A., a foreign owned bank. Ms. Gilbert has been affiliated with the
Portfolio since June 1999.
(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
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
LIT SPT DI
66
<PAGE> 26
VAN KAMPEN LIFE INVESTMENT TRUST
ON BEHALF OF ITS SERIES
EMERGING GROWTH PORTFOLIO
CLASS II SHARES
SUPPLEMENT DATED JANUARY 8, 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. The Emerging Growth Portfolio is managed by a team of
portfolio managers. Senior Portfolio Manager Gary M. Lewis is the lead manager
of the Portfolio. Mr. Lewis has been a Senior Vice President of the Adviser and
Advisory Corp. since September 1995. Mr. Lewis became a Vice President and
Portfolio Manager of the Adviser in June 1991. Mr. Lewis has been employed by
the Adviser since September 1986. He has been affiliated with the Portfolio
since its inception.
Senior Portfolio Managers Dudley Brickhouse, Janet Luby and David Walker and
Portfolio Manager Matthew Hart are responsible as co-managers for the day-to-day
management of the Portfolio's investment portfolio.
Mr. Brickhouse has been a Senior Portfolio Manager since April 2000, and a
Portfolio Manager and Vice President of the Adviser and Advisory Corp. since
December 1998. Mr. Brickhouse became an Associate Portfolio Manager of the
Adviser and Advisory Corp. in September 1997. Prior to September 1997, Mr.
Brickhouse was a Vice President and Portfolio Manager with NationsBank, where he
had worked since 1985. He has been affiliated with the Portfolio since September
1997.
Mr. Hart has been a Portfolio Manager since January 1998, and a Vice
President of the Adviser and Advisory Corp. since December 1998. Mr. Hart became
an Associate Portfolio Manager of the Adviser and Advisory Corp. in August 1997.
Prior to August 1997, Mr. Hart held various positions within the portfolio area
of AIM Capital Management, Inc., where he had worked since June 1992. Mr. Hart's
last position in the AIM portfolio area was as a convertible bonds analyst. He
has been affiliated with the Portfolio since February 2000.
Ms. Luby has been a Senior Portfolio Manager since April 2000, and a
Portfolio Manager and Vice President of the Adviser and Advisory Corp. since
December 1998. Ms. Luby became an Assistant Vice President of the Adviser and
Advisory Corp. in December 1997 and an Associate Portfolio Manager of the
Adviser in July 1995. Prior to July 1995, Ms. Luby 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 AIM
investment area was as a senior securities analyst. Ms. Luby also has been the
<PAGE> 27
portfolio manager for various unit investment trusts managed by the Adviser or
its affiliates since August 1999. She has been affiliated with the Portfolio
since its inception.
Mr. Walker has been a Senior Portfolio Manager since April 2000, and a
Portfolio Manager and a Vice President of the Adviser and Advisory Corp. since
December 1998. Mr. Walker became an Assistant Vice President of the Adviser and
Advisory Corp. in June 1995. Prior to April 1996, Mr. Walker was a Quantitative
Analyst of the Adviser and has worked for the Adviser since October 1990. Mr.
Walker also has been the portfolio manager for various unit investment trusts
managed by the Adviser or its affiliates since September 1997. Mr. Walker has
been affiliated with the Portfolio since April 1996.
(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
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
LIT SPT EMG
68
<PAGE> 28
VAN KAMPEN LIFE INVESTMENT TRUST
ON BEHALF OF ITS SERIES
SELECT GROWTH PORTFOLIO
CLASS II SHARES
SUPPLEMENT DATED JANUARY 8, 2001 TO THE
PROSPECTUS DATED NOVEMBER 28, 2000
The Prospectus is hereby supplemented as follows:
(1) The information on the inside back cover of the Prospectus under the
heading "BOARD OF TRUSTEES AND OFFICERS-TRUSTEES" is hereby amended by deleting
Fernando Sisto, effective December 31, 2000.
RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
LIT SPT DI
66
<PAGE> 29
VAN KAMPEN LIFE INVESTMENT TRUST
ON BEHALF OF ITS SERIES
TECHNOLOGY PORTFOLIO
CLASS II SHARES
SUPPLEMENT DATED JANUARY 8, 2001 TO THE
PROSPECTUS DATED SEPTEMBER 13, 2000
The Prospectus is hereby supplemented as follows:
(1) The information on the inside back cover of the Prospectus under the
heading "BOARD OF TRUSTEES AND OFFICERS-TRUSTEES" is hereby amended by deleting
Fernando Sisto, effective December 31, 2000.
RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
LIT SPT DI
66
<PAGE> 30
VAN KAMPEN LIFE INVESTMENT TRUST
ON BEHALF OF ITS SERIES
AGGRESSIVE GROWTH PORTFOLIO
ASSET ALLOCATION PORTFOLIO
COMSTOCK PORTFOLIO
DOMESTIC INCOME PORTFOLIO
EMERGING GROWTH PORTFOLIO
ENTERPRISE PORTFOLIO
GLOBAL EQUITY PORTFOLIO
GOVERNMENT PORTFOLIO
GROWTH AND INCOME PORTFOLIO
MONEY MARKET PORTFOLIO
SELECT GROWTH PORTFOLIO
STRATEGIC STOCK PORTFOLIO
TECHNOLOGY PORTFOLIO
SUPPLEMENT DATED JANUARY 8, 2001 TO THE
STATEMENT OF ADDITIONAL INFORMATION DATED NOVEMBER 28, 2000
The Statement of Additional Information is hereby supplemented as follows:
(1) The first and second paragraphs in the section entitled "INITIAL AND
VARIATION MARGIN" under the "OPTIONS, FUTURES CONTRACTS AND OPTIONS ON FUTURES
CONTRACTS -- FUTURES CONTRACTS" section is hereby deleted in its entirety and
replaced with the following:
INITIAL AND VARIATION MARGIN. In contrast to the purchase or sale of a
security, no price is paid or received upon the purchase or sale of a futures
contract. Initially, a Portfolio is required to deposit an amount of cash or
liquid securities equal to a percentage (which will normally range between 1%
and 10%) of the contract amount with either a futures commission merchant
pursuant to rules and regulations promulgated under the 1940 Act or with its
custodian in an account in the broker's name. This amount is known as initial
margin. The nature of initial margin in futures transactions is different from
that of margin in securities transactions in that futures contract margin does
not involve the borrowing of funds by the customer to finance the transaction.
Rather, the initial margin is in the nature of a performance bond or good faith
deposit on the contract, which is returned to the Portfolio upon termination of
the futures contract and satisfaction of its contractual obligations. Subsequent
payments to and from the broker, called variation margin, are made on a daily
basis as the price of the underlying securities or index fluctuates, making the
long and short positions in the futures contract more or less valuable, a
process known as marking to market.
For example, when a Portfolio purchases a futures contract and the price of
the underlying security or index rises, that position increases in value, and
the Portfolio receives a variation margin payment equal to that increase in
value. Conversely, where the Portfolio purchases a futures contract and the
value of the underlying security or index declines, the position is less
valuable, and the Portfolio is required to make a variation margin payment.
(2) The section entitled "TRUSTEES AND OFFICERS -- TRUSTEES" is hereby
amended by deleting all information pertaining to Fernando Sisto, effective
December 31, 2000.
(3) The section entitled "OTHER INFORMATION -- CUSTODY OF ASSETS" is hereby
deleted in its entirety and replaced with the following:
Except for segregated assets held by a futures commission merchant pursuant
to rules and regulations promulgated under the 1940 Act, all securities owned by
the Portfolios and including proceeds from the sale of shares of the Portfolios
and of securities in each Portfolio's investment portfolio, are held by State
Street Bank and Trust Company, 225 Franklin Street, Boston, Massachusetts 02110,
as custodian. With respect to investments in foreign securities, the custodian
enters into agreements with foreign sub-custodians which are approved by the
Board of Trustees pursuant to the 1940 Act. The custodian and sub-custodians
generally domestically, and frequently abroad, do not actually hold certificates
for the securities in their custody, but instead have book records with domestic
and foreign securities depositories, which in turn have book records with the
transfer agents of the issuers of the securities. The custodian also provides
accounting services to the Fund.
RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
