VAN KAMPEN TRUST
497, 2000-01-05
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<PAGE>   1

                        VAN KAMPEN STRATEGIC INCOME FUND

                        SUPPLEMENT DATED JANUARY 5, 2000
                     TO THE PROSPECTUS DATED JULY 29, 1999

     The section of the Prospectus entitled "INVESTMENT ADVISORY
SERVICES -- PORTFOLIO MANAGEMENT" is hereby deleted in its entirety and replaced
with the following section entitled "INVESTMENT ADVISORY SERVICES -- 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.


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