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SUPPLEMENT DATED FEBRUARY 2, 1999
TO THE PROSPECTUS DATED SEPTEMBER 30, 1998
VAN KAMPEN GREAT AMERICAN COMPANIES FUND
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The section of the Prospectus entitled "INVESTMENT ADVISORY SERVICES --
PORTFOLIO MANAGEMENT" is hereby amended with the following:
PORTFOLIO MANAGEMENT. The Fund's Portfolio management team is headed by Jeff
New. Mr. New has been primarily responsible for managing the Fund's investment
portfolio since its inception. Mr. New has been Senior Vice President and Senior
Portfolio Manager of the Adviser and Van Kampen Asset Management Inc. ("Asset
Management") since December 1997. Prior to December 1997, Mr. New was Vice
President and Portfolio Manager of the Adviser and Asset Management. Prior to
December 1994, he was Associate Portfolio Manager of the Adviser. He joined the
Adviser in 1990. Michael Davis and Mary Jayne Maly are the portfolio managers
responsible for the day-to-day management of the Fund's investment portfolio.
Mr. Davis has been Vice President and Portfolio Manager of the Adviser and Asset
Management since March 1998. Prior to March 1998 he was the owner of Davis
Equity Research, a stock research company. Mr. Davis has been an investment
professional since 1983. Ms. Maly has been Vice President and Portfolio Manager
of the Adviser since July 1998. From July 1997 to June 1998, she was a Vice
President at Morgan Stanley Asset Management Inc. and assisted in the management
of the Morgan Stanley Institutional Real Estate Funds and the Van Kampen Real
Estate Securities Fund. Prior to July 1997, she was a Vice President and
Portfolio Manager of the Adviser and Asset Management. Prior to November 1992,
she was a Vice President and Senior Equity Analyst at Texas Commerce Investment
Management Company.
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
