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VAN KAMPEN AMERICAN CAPITAL
JULY 21, 1997 SUPPLEMENT TO STATEMENTS OF ADDITIONAL INFORMATION
Statement of Additional Information dated April 30, 1997
VKAC Comstock Fund
VKAC Enterprise Fund
VKAC Equity Income Fund
VKAC Global Managed Assets Fund
VKAC Government Securities Fund
VKAC Harbor Fund
VKAC Limited Maturity Government Fund
VKAC Real Estate Securities Fund
VKAC Life Investment Trust
The section of the Statement of Additional Information entitled the
Trustees and Officers is hereby supplemented by adding Richard M. DeMartini,
effective May 31, 1997, as Trustee of the Fund.
Mr. DeMartini is President and Chief Operating Officer, Dean Witter
Capital, a division of Dean Witter Reynolds Inc. Mr. DeMartini is a Director of
InterCapital Funds, Dean Witter Distributors, Inc. and Dean Witter Trust
Company. Trustee of the TCW/DW Funds. Director of the National Healthcare
Resources, Inc. Formerly Vice Chairman of the Board of the National Association
of Securities Dealers, Inc. and Chairman of the Board of The Nasdaq Stock
Market, Inc. Trustee of each of the funds in the Fund Complex. Mr. DeMartini's
principal business address is Two World Trade Center, 66th Floor, New York, NY
10048, and his date of birth is 10/12/52.
Dennis J. McDonnell resigned as a Trustee of the Fund, effective May 31,
1997.
