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VAN KAMPEN AMERICAN CAPITAL
EQUITY INCOME FUND
SUPPLEMENT DATED FEBRUARY 11, 1997, TO THE PROSPECTUS DATED
APRIL 29, 1996, AS PREVIOUSLY SUPPLEMENTED ON JUNE 1, 1996,
JULY 1, 1996, NOVEMBER 1, 1996 AND JANUARY 2, 1997
The Fund's investment adviser, Van Kampen American Capital Asset Management,
Inc. is an indirect subsidiary of Morgan Stanley Group Inc. On February 5, 1997,
Morgan Stanley Group Inc. and Dean Witter, Discover & Co. announced that they
had entered into an Agreement and Plan of Merger to form a new company to be
named Morgan Stanley, Dean Witter, Discover & Co. Subject to certain conditions
being met, it is currently anticipated that the transaction will close in
mid-1997. Thereafter, Van Kampen American Capital Asset Management, Inc. will be
an indirect subsidiary of Morgan Stanley, Dean Witter, Discover & Co.
Dean Witter, Discover & Co. is a financial services company with three major
businesses; full service brokerage, credit services and asset management of more
than $100 billion in customer accounts.
