<PAGE> 1
VAN KAMPEN LIMITED MATURITY GOVERNMENT FUND
SUPPLEMENT DATED NOVEMBER 29, 1999
TO THE PROSPECTUS DATED APRIL 30, 1999
AS SUPPLEMENTED ON OCTOBER 1, 1999
THE PROSPECTUS IS HEREBY AMENDED AS FOLLOWS:
1. In the section entitled "FEES AND EXPENSES OF THE FUND", the third and
fourth footnote under the "SHAREHOLDER FEES" chart are hereby deleted and
replaced with the following:
(3) For purchases of shares, the maximum deferred sales charge is 2.00%
in the first year after purchase, declining thereafter as follows:
Year 1 -- 2.00%
Year 2 -- 1.50%
Year 3 -- 1.00%
Year 4 -- 0.50%
After -- None
See "Purchase of Shares -- Class B Shares."
(4) For purchases of shares, the maximum deferred sales charge is 0.75%
in the first year after purchase and 0.00% thereafter.
See "Purchase of Shares -- Class C Shares."
2. In the section entitled "PURCHASE OF SHARES -- CLASS B SHARES", the
"CLASS B SHARES SALES CHARGE SCHEDULES" are hereby deleted and replaced with the
following:
CLASS B SHARES
SALES CHARGE SCHEDULE
<TABLE>
<CAPTION>
CONTINGENT DEFERRED SALES CHARGE
AS A PERCENTAGE OF DOLLAR
YEAR SINCE PURCHASE AMOUNT SUBJECT TO CHARGE
------------------- --------------------------------
<S> <C>
First................................ 2.00%
Second............................... 1.50%
Third................................ 1.00%
Fourth............................... 0.50%
Fifth and after...................... None
</TABLE>
3. In the section entitled "PURCHASE OF SHARES -- CLASS C SHARES," the
second paragraph is hereby deleted.
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VAN KAMPEN LIMITED MATURITY GOVERNMENT FUND
SUPPLEMENT DATED NOVEMBER 29, 1999
TO THE STATEMENT OF ADDITIONAL INFORMATION DATED
APRIL 30, 1999 AS PREVIOUSLY SUPPLEMENTED ON JUNE 15, 1999 AND
OCTOBER 1, 1999
In the section entitled "DISTRIBUTION AND SERVICE" the second paragraph
following the Class A Share, Sales Charge table is hereby deleted and replaced
with the following:
Proceeds from any contingent deferred sales charge and any distribution
fees on Class B Shares and Class C Shares of the Fund are paid to the
Distributor and are used by the Distributor to defray its distribution
related expenses in connection with the sale of the Fund's shares as the
payment to authorized dealers for selling such shares. With respect to Class
C Shares, the authorized dealers generally are paid the ongoing commission
and transaction fees of up to 0.65% of the average daily net assets of the
Fund's Class C Shares annually commencing in the second year after purchase.
