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VAN KAMPEN PROSPECTOR FUND
SUPPLEMENT DATED DECEMBER 30, 1999
TO THE PROSPECTUS DATED JULY 29, 1999
The section of the Prospectus entitled "INVESTMENT ADVISORY SERVICES --
PORTFOLIO MANAGEMENT" is hereby amended to include the following:
Kevin Holt is an additional co-manager for the day-to-day management of the
Fund's investment portfolio. Mr. Holt has been a Vice President of the Adviser
since August 1999. Prior to joining Van Kampen, Mr. Holt was a Senior Research
Analyst with Strong Capital Management from October 1997 to August 1999. Prior
to that, he was a Portfolio Manager/Analyst with Citibank Global Asset
Management from July 1995 to October 1997. Prior to completing business school,
Mr. Holt was a Senior Financial Analyst with Harris Trust and Savings Bank from
August 1989 to August 1994. Mr. Holt has been associated with the Fund since
August 1999.
