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VAN KAMPEN UTILITY FUND
A SERIES OF THE
VAN KAMPEN EQUITY TRUST
SUPPLEMENT DATED MARCH 13, 2000 TO THE
PROSPECTUS DATED JULY 29, 1999,
SUPERCEDING THE SUPPLEMENT DATED FEBRUARY 9, 2000
(1) The section of the Prospectus entitled "INVESTMENT ADVISORY
SERVICES--PORTFOLIO MANAGEMENT" is hereby deleted in its entirety and replaced
with the following:
PORTFOLIO MANAGEMENT. Christine Drusch, Senior Portfolio Manager, has been
primarily responsible for managing the Fund's investment portfolio since January
1998. David McLaughlin has shared responsibility for the day-to-day management
of the Fund's investment portfolio since October 1998.
Ms. Drusch has been a Senior Vice President of the Adviser and Asset
Management since December 1999, and since December 1998 she was a Vice President
of the Adviser and Asset Management. Prior to December 1998, Ms. Drusch was an
Assistant Vice President of the Adviser and Asset Management since September
1995. Prior to September 1995, Ms. Drusch was an Associate Portfolio Manager of
Asset Management, and has worked for Asset Management since July 1991. Ms.
Drusch has been affiliated with the Fund since August 1997.
Mr. McLaughlin has been a Vice President of the Adviser and Asset
Management since June 1995, and he was an Assistant Vice President of Asset
Management since March 1994. Prior to June 1995, Mr. McLaughlin was a Senior
Equity Trader for the Adviser. Mr. McLaughlin has worked for Asset Management
since 1986. Mr. McLaughlin has been affiliated with the Fund since October 1998.
(2) The first sentence of the fifth paragraph in the section of the
Prospectus entitled "PURCHASE OF SHARES--GENERAL" is hereby deleted in its
entirety and replaced with the following:
The net asset value per share for each class of shares of the Fund is
determined once daily as of the close of trading on the New York Stock Exchange
(the "Exchange")(currently 4:00 p.m., New York time) each day the Exchange is
open for trading except on any day on which no purchase or redemption orders are
received or there is not a sufficient degree of trading in the Fund's portfolio
securities such that the Fund's net asset value per share might be materially
affected.
RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
