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VAN KAMPEN AMERICAN CAPITAL
STRATEGIC INCOME FUND
SUPPLEMENT DATED JULY 9, 1996, TO THE STATEMENT OF ADDITIONAL INFORMATION
DATED SEPTEMBER 5, 1995 AS PREVIOUSLY SUPPLEMENTED ON SEPTEMBER 7, 1995.
The sixth sentence of the third paragraph of the section of the Statement
of Additional Information captioned "ADDITIONAL INVESTMENT
CONSIDERATIONS--PORTFOLIO SECURITIES--Collateralized Mortgage Obligations and
Multiclass Pass-Through Securities" hereby is amended and replaced as follows:
Inverse floating rate CMOs pay interest at rates that vary inversely with
changes in market rates of interest and may pay a rate of interest determined by
applying a multiple to the floating rate.
