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VAN KAMPEN AMERICAN CAPITAL
LIMITED MATURITY GOVERNMENT FUND
SUPPLEMENT DATED DECEMBER 4, 1995, TO THE
PROSPECTUS DATED JULY 4, 1995, AS PREVIOUSLY SUPPLEMENTED ON OCTOBER 12, 1995.
The first two paragraphs of the section of the Prospectus captioned "Purchase of
Shares -- Class B Shares" are hereby replaced with the following:
Class B shares are offered at the next determined net asset value. Class B
shares which are redeemed within four years of purchase are subject to a
contingent deferred sales charge at the rates set forth in the following
table charged as a percentage of the dollar amount subject thereto. The
charge is assessed on an amount equal to the lesser of the then current
market value or the cost of the shares being redeemed. Accordingly, no sales
charge is imposed on increases in net asset value above the initial purchase
price. In addition, no charge is assessed on shares derived from
reinvestment of dividends or capital gains distributions.
In addition, the contingent deferred sales charge schedule for Class B
shares is hereby replaced with the following:
<TABLE>
<CAPTION>
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Contingent Deferred
Sales Charge as a
Percentage of
Dollar Amount
Year Since Purchase Subject to Charge
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<S> <C>
First......................................... 3.0%
Second........................................ 2.5%
Third......................................... 2.0%
Fourth........................................ 1.0%
Fifth......................................... None
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</TABLE>
