<PAGE> 1
VAN KAMPEN AGGRESSIVE GROWTH FUND
A PORTFOLIO OF THE
VAN KAMPEN EQUITY TRUST
SUPPLEMENT DATED DECEMBER 16, 1999
TO THE PROSPECTUS DATED JULY 29, 1999
The section in the Prospectus entitled "PURCHASE OF SHARES -- GENERAL" is
supplemented with the following:
To facilitate the management of the Fund's portfolio, effective December
29, 1999, the Fund will suspend its continuous offering of the Fund's shares to
new investors. Any investments received after close of business on December 29,
1999 will not be invested in the Fund and will be returned. However, persons in
any of the following categories may continue to purchase shares: (i) existing
shareholders of the Fund as of December 29, 1999; (ii) existing or future
participants investing through retirement plans that owned shares of the Fund as
of December 29, 1999; or (iii) existing or future participants investing through
certain retirement and/or distribution programs as described in the Fund's
Statement of Additional Information.
As market conditions permit, the Fund may reopen sales of its shares to new
investors. There is no guarantee that the Fund will reopen; and, any such
offerings of the Fund's shares may be limited in amount and may commence and/or
terminate without prior notice.
<PAGE> 2
VAN KAMPEN AGGRESSIVE GROWTH FUND
A PORTFOLIO OF THE
VAN KAMPEN EQUITY TRUST
Supplement dated December 16, 1999
To the Statement of Additional Information dated
July 29, 1999
The following new section is added to the Statement of Additional
Information directly following the section entitled "SHAREHOLDER SERVICES":
PURCHASE OF SHARES
To facilitate the management of the Fund's portfolio, effective December
29, 1999, the Fund will suspend its continuous offering of the Fund's shares to
new investors. However, existing shareholders of the Fund as of December 29,
1999 may continue to purchase additional shares, as may existing or future
participants investing through retirement plans that owned shares of the Fund as
of December 29, 1999 or in retirement or distribution programs held or
administered by entities that have selling agreements with the Distributor in
effect or under negotiation as of December 29, 1999 or with the entities'
affiliates. As market conditions permit, the Fund may reopen sales of its shares
to new investors. There is no guarantee that the Fund will reopen; and, any such
offerings of the Fund's shares may be limited in amount, and may commence and/or
terminate in the Distributor's discretion and without prior notice.