<PAGE> 1
VAN KAMPEN TRUST
ON BEHALF OF ITS SERIES
VAN KAMPEN STRATEGIC INCOME FUND
SUPPLEMENT DATED APRIL 24, 2000 TO THE
PROSPECTUS DATED JULY 29, 1999,
SUPERCEDING THE SUPPLEMENT DATED MARCH 13, 2000
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. Peter W. Hegel, Robert J. Hickey, Thomas J. Slefinger
and John R. Reynoldson are co-managers responsible for the day-to-day management
of the Fund's investment portfolio. Peter W. Hegel is an Executive Vice
President of the Adviser and Asset Management. Mr. Hegel has been employed by
the Adviser since April 1983 and has been with Asset Management since June 1995.
Mr. Hegel has been a co-manager of the Fund since its inception.
Robert J. Hickey is a Vice President of the Adviser and Asset Management.
Mr. Hickey has been employed by the Adviser since January 1988 and Asset
Management since June 1995. Mr. Hickey has been a co-manager of the Fund since
January 1995.
Thomas J. Slefinger is a Senior Vice President of the Adviser and Asset
Management. Mr. Slefinger has been employed by the Adviser since July 1989 and
Asset Management since June 1995. Mr. Slefinger has been a co-manager of the
Fund since July 1999.
John R. Reynoldson has been Senior Vice President of Asset Management since
July 1991 and Senior Vice President of the Adviser since June 1995. Mr.
Reynoldson has been a co-manager of the Fund since July 1999.
(2) The first sentence of the fifth paragraph in the section entitled
"PURCHASE OF SHARES--GENERAL" is hereby deleted and replaced with the following:
The net asset value per share for each class of shares of the Fund is
determined once daily as of the close of trading on the New York Stock Exchange
(the "Exchange")(currently 4:00 p.m., New York time) each day the Exchange is
open for trading except on any day on which no purchase or redemption orders are
received or there is not a sufficient degree of trading in the Fund's portfolio
securities such that the Fund's net asset value per share might be materially
affected.
<PAGE> 2
(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:
PRICEWATERHOUSECOOPERS LLP
200 East Randolph Drive
Chicago, Illinois 60601
RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
<PAGE> 3
VAN KAMPEN TRUST
ON BEHALF OF ITS SERIES
VAN KAMPEN HIGH YIELD FUND
SUPPLEMENT DATED APRIL 24, 2000 TO THE
PROSPECTUS DATED JULY 29, 1999,
SUPERCEDING THE SUPPLEMENT DATED MARCH 10, 2000
The Prospectus is hereby supplemented as follows:
(1) The first sentence of the fifth paragraph in the section entitled
"PURCHASE OF SHARES--GENERAL" is hereby deleted and replaced with the following:
The net asset value per share for each class of shares of the Fund is
determined once daily as of the close of trading on the New York Stock
Exchange (the "Exchange") (currently 4:00 p.m., New York time) each day the
Exchange is open for trading except on any day on which no purchase or
redemption orders are received or there is not a sufficient degree of
trading in the Fund's portfolio securities such that the Fund's net asset
value per share might be materially affected.
(2) 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:
PRICEWATERHOUSECOOPERS LLP
200 East Randolph Drive
Chicago, Illinois 60601
RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
<PAGE> 4
VAN KAMPEN TRUST
ON BEHALF OF ITS SERIES
VAN KAMPEN HIGH YIELD FUND
VAN KAMPEN STRATEGIC INCOME FUND
VAN KAMPEN EQUITY TRUST
ON BEHALF OF ITS SERIES
VAN KAMPEN UTILITY FUND
SUPPLEMENT DATED APRIL 24, 2000 TO THE
STATEMENT OF ADDITIONAL INFORMATION DATED JULY 29, 1999,
SUPERSEDING THE SUPPLEMENT DATED JANUARY 11, 2000
The Statement of Additional Information is hereby supplemented as follows:
(1) The section entitled "TRUSTEES AND OFFICERS" is hereby amended by
deleting all information pertaining to Paul G. Yovovich, effective April 14,
2000, and Richard M. DeMartini and Don G. Powell, effective December 15, 1999.
(2) The section entitled "TRUSTEES AND OFFICERS--TRUSTEES" is hereby
amended, effective December 15, 1999, by adding the following:
<TABLE>
<S> <C>
Mitchell M. Merin*................... President and Chief Operating Officer of asset management of
Two World Trade Center Morgan Stanley Dean Witter since December 1998. President
66th Floor and Director since April 1997 and Chief Executive Officer
New York, NY 10048 since June 1998 of Morgan Stanley Dean Witter Advisors Inc.
Date of Birth: 08/13/53 and Morgan Stanley Dean Witter Services Company Inc.
Chairman, Chief Executive Officer and Director of Morgan
Stanley Dean Witter Distributors Inc. since June 1998.
Chairman and Chief Executive Officer since June 1998, and
Director since January 1998, of Morgan Stanley Dean Witter
Trust FSB. Director of various Morgan Stanley Dean Witter
subsidiaries. President of the Morgan Stanley Dean Witter
funds and Discover Brokerage Index Series since May 1999.
Trustee/Director of each of the funds in the Fund Complex,
and Vice President of other investment companies advised by
the Advisers and their affiliates. Previously Chief
Strategic Officer of Morgan Stanley Dean Witter Advisors
Inc. and Morgan Stanley Dean Witter Services Company Inc.
and Executive Vice President of Morgan Stanley Dean Witter
Distributors Inc. April 1997-June 1998, Vice President of
the Morgan Stanley Dean Witter Funds and Discover Brokerage
Index Series May 1997-April 1999, and Executive Vice
President of Dean Witter, Discover & Co.
Richard F. Powers, III*.............. Chairman, President and Chief Executive Officer of Van
1 Parkview Plaza Kampen Investments. Chairman, Director and Chief Executive
P.O. Box 5555 Officer of the Advisers, the Distributor, Van Kampen
Oakbrook Terrace, IL 60181-5555 Advisors Inc. and Van Kampen Management Inc. Director and
Date of Birth: 02/02/46 officer of certain other subsidiaries of Van Kampen
Investments. Trustee/Director and President of each of the
funds in the Fund Complex. Trustee, President and Chairman
of the Board of other investment companies advised by the
Advisers and their affiliates, and Chief Executive Officer
of Van Kampen Exchange Fund. Prior to May 1998, Executive
Vice President and Director of Marketing at Morgan Stanley
Dean Witter and Director of Dean Witter Discover & Co. and
Dean Witter Realty. Prior to 1996, Director of Dean Witter
Reynolds Inc.
</TABLE>
(3) The footnote at the end of the section entitled "TRUSTEES AND
OFFICERS--TRUSTEES" is hereby deleted in its entirety and replaced with the
following:
* Such trustee is an "interested person" (within the meaning of Section
2(a)(19) of the 1940 Act). Mr. Whalen is an interested person of each of the
funds in the Fund Complex by reason of his firm currently
<PAGE> 5
acting as legal counsel to each of the Funds in the Fund Complex. Messrs. Merin
and Powers are interested persons of each of the Funds in the Fund Complex and
the Advisers by reason of their positions with Morgan Stanley Dean Witter or its
affiliates.
(4) The section entitled "TRUSTEES AND OFFICERS--OFFICERS" is hereby
amended by deleting all information pertaining to Curtis W. Morell, Tanya M.
Loden, Weston B. Wetherell and Michael Robert Sullivan, effective January 31,
2000, Dennis J. McDonnell, effective March 31, 2000, and Edward C. Wood, III and
Stephen L. Boyd, effective April 17, 2000, and by adding the following:
<TABLE>
<S> <C>
Stephen L. Boyd...................... Executive Vice President and Chief Investment Officer of Van
Date of Birth: 11/16/40 Kampen Investments, and President and Chief Operating
Executive Vice President and Officer of the Advisers. Executive Vice President and Chief
Chief Investment Officer Investment Officer of each of the funds in the Fund Complex
and certain other investment companies advised by the
Advisers or their affiliates. Prior to April 2000, Vice
President and Chief Investment Officer of the Advisers.
Prior to October 1998, Vice President and Senior Portfolio
Manager with AIM Capital Management, Inc. Prior to February
1998, Senior Vice President and Portfolio Manager of Van
Kampen American Capital Asset Management, Inc., Van Kampen
American Capital Investment Advisory Corp. and Van Kampen
American Capital Management, Inc.
John H. Zimmermann, III.............. Senior Vice President and Director of Van Kampen
Date of Birth: 11/25/57 Investments, President and Director of the Distributor and
Vice President President of Van Kampen Insurance Agency of Illinois Inc.
Vice President of each of the funds in the Fund Complex.
From November 1992 to December 1997, Senior Vice President
of the Distributor.
</TABLE>
(5) The second sentence of the first paragraph immediately following the
section entitled "TRUSTEES AND OFFICERS--OFFICERS" is hereby deleted in its
entirety.
(6) The first sentence of the last paragraph in the section entitled
"DISTRIBUTION AND SERVICE" is hereby amended by adding the following:
The Prudential Insurance Company of America.
(7) The information under the section entitled "OTHER
INFORMATION--INDEPENDENT ACCOUNTANTS" is hereby deleted in its entirety and
replaced with the following:
Independent accountants for the Fund perform an annual audit of the Fund's
financial statements. PricewaterhouseCoopers LLP, located at 200 East Randolph
Drive, Chicago, Illinois 60601, has been engaged as the Fund's independent
accountants on April 17, 2000 in connection with the audit of the Fund's
financial statements for the fiscal year ended March 31, 2000. KPMG LLP, located
at 303 West Wacker Drive, Chicago, Illinois 60601 ("KPMG"), has ceased being the
Fund's independent accountants effective April 14, 2000. The cessation of the
client-auditor relationship between the Fund and KPMG was based solely on a
possible future business relationship by KPMG with an affiliate of the Fund's
investment adviser. The change in independent accountants was approved by the
Fund's audit committee and the Fund's Board of Trustees, including Trustees who
are not "interested persons" of the Fund (as defined in the 1940 Act).
RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
