<PAGE> 1
VAN KAMPEN EQUITY TRUST
ON BEHALF OF ITS SERIES
VAN KAMPEN AGGRESSIVE GROWTH FUND
SUPPLEMENT DATED JANUARY 8, 2001 TO THE
CLASS A SHARES, CLASS B SHARES AND CLASS C SHARES
PROSPECTUS DATED JULY 28, 2000
SUPERSEDING ALL PRIOR SUPPLEMENTS
This Prospectus is hereby supplemented as follows:
(1) The section entitled "PURCHASE OF SHARES -- NET ASSET VALUE PURCHASE
OPTIONS" is amended by adding the following category (10):
(10) Certain qualified state tuition plans qualifying pursuant to
Section 529 of the Internal Revenue Code ("Section 529 Plans") that are
approved by the Fund's Distributor. There is no minimum investment amount
for purchases made under this option (10).
(2) The information on the back cover of the Prospectus under the heading
"BOARD OF TRUSTEES AND OFFICERS - TRUSTEES" is hereby amended by deleting
Fernando Sisto, effective December 31, 2000.
RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
AGG SPT 1023
65036-03
<PAGE> 2
VAN KAMPEN EQUITY TRUST
ON BEHALF OF ITS SERIES
VAN KAMPEN AGGRESSIVE GROWTH FUND
SUPPLEMENT DATED JANUARY 8, 2001 TO THE
CLASS D SHARES
PROSPECTUS DATED SEPTEMBER 25, 2000
The Prospectus is hereby supplemented as follows:
The information on the inside back cover of the Prospectus under the heading
"BOARD OF TRUSTEES AND OFFICERS - TRUSTEES" is hereby amended by deleting
Fernando Sisto, effective December 31, 2000.
RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
<PAGE> 3
VAN KAMPEN EQUITY TRUST
ON BEHALF OF ITS SERIES
VAN KAMPEN SELECT GROWTH FUND
SUPPLEMENT DATED JANUARY 8, 2001 TO THE
PROSPECTUS DATED JULY 28, 2000
The Prospectus is hereby supplemented as follows:
The information on the inside back cover of the Prospectus under the heading
"BOARD OF TRUSTEES AND OFFICERS - TRUSTEES" is hereby amended by deleting
Fernando Sisto, effective December 31, 2000.
RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
<PAGE> 4
VAN KAMPEN EQUITY TRUST
ON BEHALF OF ITS SERIES
VAN KAMPEN GROWTH FUND
SUPPLEMENT DATED JANUARY 8, 2001 TO THE
PROSPECTUS DATED JULY 28, 2000
The Prospectus is hereby supplemented as follows:
The information on the inside back cover of the Prospectus under the heading
"BOARD OF TRUSTEES AND OFFICERS - TRUSTEES" is hereby amended by deleting
Fernando Sisto, effective December 31, 2000.
RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
<PAGE> 5
VAN KAMPEN EQUITY TRUST
ON BEHALF OF ITS SERIES
VAN KAMPEN SMALL CAP GROWTH FUND
SUPPLEMENT DATED JANUARY 8, 2001 TO THE
PROSPECTUS DATED OCTOBER 19, 2000
The Prospectus is hereby supplemented as follows:
The information on the inside back cover of the Prospectus under the heading
"BOARD OF TRUSTEES AND OFFICERS - TRUSTEES" is hereby amended by deleting
Fernando Sisto, effective December 31, 2000.
RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
<PAGE> 6
VAN KAMPEN EQUITY TRUST
ON BEHALF OF ITS SERIES
VAN KAMPEN SMALL CAP VALUE FUND
SUPPLEMENT DATED JANUARY 8, 2001 TO THE
PROSPECTUS DATED JULY 28, 2000
The Prospectus is hereby supplemented as follows:
The information on the inside back cover of the Prospectus under the heading
"BOARD OF TRUSTEES AND OFFICERS - TRUSTEES" is hereby amended by deleting
Fernando Sisto, effective December 31, 2000.
RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
<PAGE> 7
VAN KAMPEN EQUITY TRUST
ON BEHALF OF ITS SERIES
VAN KAMPEN UTILITY FUND
SUPPLEMENT DATED JANUARY 8, 2001 TO THE
PROSPECTUS DATED JULY 28, 2000
SUPERSEDING ALL PRIOR SUPPLEMENTS
The Prospectus is hereby supplemented as follows:
(1) The section 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. Sean Conner has assisted
on the day-to-day management of the Fund's investment portfolio since September
2000.
Ms. Drusch has been a Senior Vice President of the Adviser and Asset
Management since December 1999, and prior to December 1999 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.
Mr. Conner has been a Vice President of the Adviser and Asset Management
since September 2000. Prior to September 2000, Mr. Conner was an Equity Analyst
for USAA Investment Management Company from June 1997 to August 2000. Prior to
June 1997, Mr. Conner was an Assistant Portfolio Manager with William C. Conner
Foundation from September 1996 to May 1997, and a Risk Arbitrage Analyst for Q
Investments LLP from August 1996 to May 1997. Prior to August 1996, Mr. Conner
was an Equity Analyst with David Tice & Associates from May 1996 to August 1996.
Mr. Conner has been affiliated with the Fund since September 2000.
<PAGE> 8
(2) The information on the inside back cover of the Prospectus under the
heading "BOARD OF TRUSTEES AND OFFICERS -- TRUSTEES" is hereby amended by
deleting Fernando Sisto, effective December 31, 2000.
RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
UTLF SPT 900
184 384 584
65142-01
<PAGE> 9
VAN KAMPEN EQUITY TRUST
ON BEHALF OF ITS SERIES
VAN KAMPEN AGGRESSIVE GROWTH FUND
SUPPLEMENT DATED JANUARY 8, 2001 TO THE
STATEMENT OF ADDITIONAL INFORMATION DATED SEPTEMBER 25, 2000
SUPERSEDING ALL PRIOR SUPPLEMENTS
The Statement of Additional Information is hereby supplemented as follows:
(1) The section entitled "TRUSTEES AND OFFICERS" is hereby amended by
deleting all information pertaining to Fernando Sisto, effective December 31,
2000.
(2) The last paragraph in the section entitled "DISTRIBUTION AND SERVICE"
is hereby amended by adding Buck Consultants, Inc. to the list of firms that
have entered into agreements with the Distributor to offer shares of the Fund
pursuant to such firm's retirement plan alliance program(s).
RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
AGG SPT SAI
<PAGE> 10
VAN KAMPEN EQUITY TRUST
ON BEHALF OF ITS SERIES
VAN KAMPEN SELECT GROWTH FUND
SUPPLEMENT DATED JANUARY 8, 2001 TO THE
STATEMENT OF ADDITIONAL INFORMATION DATED JULY 28, 2000
The Statement of Additional Information is hereby supplemented as follows:
(1) The first and second paragraphs in the section entitled "INITIAL AND
VARIATION MARGIN" under the "OPTIONS, FUTURES CONTRACTS AND RELATED
OPTIONS -- FUTURES CONTRACTS" section is hereby deleted in its entirety and
replaced with the following:
INITIAL AND VARIATION MARGIN. In contrast to the purchase or sale of a
security, no price is paid or received upon the purchase or sale of a futures
contract. Initially, the Fund is required to deposit an amount of cash or liquid
securities equal to a percentage (which will normally range between 1% and 10%)
of the contract amount with either a futures commission merchant pursuant to
rules and regulations promulgated under the 1940 Act or with its custodian in an
account in the broker's name. This amount is known as initial margin. The nature
of initial margin in futures transactions is different from that of margin in
securities transactions in that futures contract margin does not involve the
borrowing of funds by the customer to finance the transaction. Rather, the
initial margin is in the nature of a performance bond or good faith deposit on
the contract, which is returned to the Fund upon termination of the futures
contract and satisfaction of its contractual obligations. Subsequent payments to
and from the broker, called variation margin, are made on a daily basis as the
price of the underlying securities or index fluctuates, making the long and
short positions in the futures contract more or less valuable, a process known
as marking to market.
For example, when the Fund purchases a futures contract and the price of
the underlying security or index rises, that position increases in value, and
the Fund receives a variation margin payment equal to that increase in value.
Conversely, where the Fund purchases a futures contract and the value of the
underlying security or index declines, the position is less valuable, and the
Fund is required to make a variation margin payment.
(2) The section entitled "TRUSTEES AND OFFICERS" is hereby amended by
deleting all information pertaining to Fernando Sisto, effective December 31,
2000.
(3) The section entitled "OTHER INFORMATION -- CUSTODY OF ASSETS" is hereby
deleted in its entirety and replaced with the following:
Except for segregated assets held by a futures commission merchant pursuant
to rules and regulations promulgated under the 1940 Act, all securities owned by
the Fund and all cash, including proceeds from the sale of shares of the Fund
and of securities in the Fund's investment portfolio, are held by State Street
Bank and Trust Company, 225 Franklin Street, Boston, Massachusetts 02110, as
custodian. The custodian also provides accounting services to the Fund.
RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
<PAGE> 11
VAN KAMPEN EQUITY TRUST
ON BEHALF OF ITS SERIES
VAN KAMPEN GROWTH FUND
SUPPLEMENT DATED JANUARY 8, 2001 TO THE
STATEMENT OF ADDITIONAL INFORMATION DATED JULY 28, 2000
The Statement of Additional Information is hereby supplemented as follows:
The section entitled "TRUSTEES AND OFFICERS" is hereby amended by deleting
all information pertaining to Fernando Sisto, effective December 31, 2000.
RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
<PAGE> 12
VAN KAMPEN EQUITY TRUST
ON BEHALF OF ITS SERIES
VAN KAMPEN SMALL CAP GROWTH FUND
SUPPLEMENT DATED JANUARY 8, 2001 TO THE
STATEMENT OF ADDITIONAL INFORMATION DATED OCTOBER 19, 2000
The Statement of Additional Information is hereby supplemented as follows:
The section entitled "TRUSTEES AND OFFICERS" is hereby amended by deleting
all information pertaining to Fernando Sisto, effective December 31, 2000.
RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
<PAGE> 13
VAN KAMPEN EQUITY TRUST
ON BEHALF OF ITS SERIES
VAN KAMPEN SMALL CAP VALUE FUND
SUPPLEMENT DATED JANUARY 8, 2001 TO THE
STATEMENT OF ADDITIONAL INFORMATION DATED JULY 28, 2000
The Statement of Additional Information is hereby supplemented as follows:
(1) The first and second paragraphs in the section entitled "INITIAL AND
VARIATION MARGIN" under the "OPTIONS, FUTURES CONTRACTS AND RELATED
OPTIONS -- FUTURES CONTRACTS" section is hereby deleted in its entirety and
replaced with the following:
INITIAL AND VARIATION MARGIN. In contrast to the purchase or sale of a
security, no price is paid or received upon the purchase or sale of a futures
contract. Initially, the Fund is required to deposit an amount of cash or liquid
securities equal to a percentage (which will normally range between 1% and 10%)
of the contract amount with either a futures commission merchant pursuant to
rules and regulations promulgated under the 1940 Act or with its custodian in an
account in the broker's name. This amount is known as initial margin. The nature
of initial margin in futures transactions is different from that of margin in
securities transactions in that futures contract margin does not involve the
borrowing of funds by the customer to finance the transaction. Rather, the
initial margin is in the nature of a performance bond or good faith deposit on
the contract, which is returned to the Fund upon termination of the futures
contract and satisfaction of its contractual obligations. Subsequent payments to
and from the broker, called variation margin, are made on a daily basis as the
price of the underlying securities or index fluctuates, making the long and
short positions in the futures contract more or less valuable, a process known
as marking to market.
For example, when the Fund purchases a futures contract and the price of
the underlying security or index rises, that position increases in value, and
the Fund receives a variation margin payment equal to that increase in value.
Conversely, where the Fund purchases a futures contract and the value of the
underlying security or index declines, the position is less valuable, and the
Fund is required to make a variation margin payment.
(2) The section entitled "TRUSTEES AND OFFICERS" is hereby amended by
deleting all information pertaining to Fernando Sisto, effective December 31,
2000.
(3) The section entitled "OTHER INFORMATION - CUSTODY OF ASSETS" is hereby
deleted in its entirety and replaced with the following:
Except for segregated assets held by a futures commission merchant pursuant
to rules and regulations promulgated under the 1940 Act, all securities owned by
the Fund and all cash, including proceeds from the sale of shares of the Fund
and of securities in the Fund's investment portfolio, are held by State Street
Bank and Trust Company, 225 Franklin Street, Boston, Massachusetts 02110, as
custodian. The custodian also provides accounting services to the Fund.
RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
<PAGE> 14
VAN KAMPEN EQUITY TRUST
ON BEHALF OF ITS SERIES
VAN KAMPEN UTILITY FUND
SUPPLEMENT DATED JANUARY 8, 2001 TO THE
STATEMENT OF ADDITIONAL INFORMATION DATED JULY 28, 2000
SUPERSEDING ALL PRIOR SUPPLEMENTS
The Statement of Additional Information is hereby supplemented as follows:
(1) The section entitled "TRUSTEES AND OFFICERS" is hereby amended by
deleting all information pertaining to Fernando Sisto, effective December 31,
2000.
(2) The last paragraph in the section entitled "DISTRIBUTION AND SERVICE"
is hereby amended by adding The Vanguard Group, Inc. to the list of firms that
have entered into agreements with the Distributor to offer shares of the Fund
pursuant to such firm's retirement plan alliance program(s).
RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
MF SPT SAI TR
