VAN KAMPEN MERRITT TAX FREE MONEY FUND
497, 1995-07-26
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                     VAN KAMPEN MERRITT TAX FREE MONEY FUND
      SUPPLEMENT DATED JULY 24, 1995, TO PROSPECTUS DATED AUGUST 24, 1994,
            AS PREVIOUSLY SUPPLEMENTED ON JULY 10, 1995, MAY 9, 1995
                             AND DECEMBER 20, 1994
 
     On July 21, 1995, the shareholders of the Fund approved the reorganization
into a Delaware business trust (or series thereof). It is anticipated that the
reorganization of the Fund will be completed within the next sixty days.


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