<PAGE> 1
VAN KAMPEN MERRITT GROWTH AND INCOME FUND
SUPPLEMENT DATED JULY 24, 1995, TO PROSPECTUS DATED APRIL 30, 1995,
AS PREVIOUSLY SUPPLEMENTED ON JULY 10, 1995 AND MAY 12, 1995
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.
<PAGE> 2
VAN KAMPEN MERRITT BALANCED FUND
SUPPLEMENT DATED JULY 24, 1995, TO PROSPECTUS DATED APRIL 30, 1995,
AS PREVIOUSLY SUPPLEMENTED ON JULY 10, 1995
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.
<PAGE> 3
VAN KAMPEN MERRITT UTILITY FUND
SUPPLEMENT DATED JULY 24, 1995, TO PROSPECTUS DATED APRIL 30, 1995,
AS PREVIOUSLY SUPPLEMENTED ON JULY 10, 1995
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.
