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VAN KAMPEN AMERICAN CAPITAL
SUPPLEMENT DATED MARCH 9, 1998 TO THE
PROSPECTUS DATED SEPTEMBER 28, 1997
VKAC RESERVE FUND
PROSPECTUS DATED OCTOBER 28, 1997
VKAC TAX FREE MONEY FUND
The section of the Prospectus captioned "PURCHASE OF SHARES" hereby is
supplemented by adding the following:
INITIAL INVESTMENT BY BANK WIRE. To open an account by wire an investor should
telephone ACCESS at (800) 421-6714 and provide the account registration, the
address, tax identification number, the amount being wired and the name of the
wiring bank. ACCESS furnishes the investor with an account number. The
investor's bank should wire the specified amount along with the account number
and registration to State Street Bank and Trust Company ("State Street Bank"),
225 Franklin Street, Boston, Massachusetts 02102, ABA-011000028, attention
ACCESS/VKAC ______ Fund Account No. 9900-446-7. The investor should then
immediately mail a properly completed application form accompanied by this
Prospectus to ACCESS. To receive immediate credit to an account, the investor
must call ACCESS, at the telephone number listed above, by 11:00 a.m. Kansas
City time with the intent to wire funds and State Street Bank must then receive
such funds by 4:00 p.m. Boston time.
INITIAL INVESTMENT BY MAIL. To open an account by mail an investor should send a
check payable to the Fund along with a completed application form to ACCESS.
SUBSEQUENT INVESTMENTS BY BANK WIRE. The investor's bank should wire the
specified amount along with the account number and registration to State Street
Bank. To receive immediate credit to an account, the investor must call ACCESS
at (800) 421-6714 by 11:00 a.m. Kansas City time with the intent to wire funds
and State Street Bank must then receive such funds by 4:00 p.m. Boston time.
SUBSEQUENT INVESTMENTS BY MAIL. Subsequent investments in the amount of $25 or
more may be sent to ACCESS, indicating the account registration and account
number.
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The section of the Prospectus captioned "SHAREHOLDER SERVICES" hereby is
supplemented by adding the following:
INTERNET TRANSACTIONS. In addition to performing transactions on your account
through written instruction or by telephone, you may also perform certain
transactions through the Internet. Please refer to our web site @ www.vkac.com
for further instruction. Van Kampen American Capital and its subsidiaries,
including ACCESS (collectively, "VKAC"), and the Fund employ procedures
considered by them to be reasonable to confirm that instructions communicated
through the Internet are genuine. Such procedures include requiring use of a
personal identification number prior to acting upon Internet instructions and
providing written confirmation of instructions communicated through the
Internet. If reasonable procedures are employed, neither VKAC nor the Fund will
be liable for following instructions through the Internet which it reasonably
believes to be genuine. If an account has multiple owners, ACCESS may rely on
the instructions of any one owner.
