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SUPPLEMENT DATED JUNE 13, 1995
TO PROSPECTUS OF
COMMON SENSE(R) TRUST
The following replaces the last paragraph under the section entitled "The
Trust and Its Management":
Stephen Boyd has been primarily responsible for the day-to-day management
of Growth Fund's investment portfolio since 1989. Mr. Boyd is Vice
President of the Trust and Senior Vice President -- Portfolio Manager of
the Adviser. Mr. Boyd was formerly Investment Vice President of the Adviser
from May, 1989 to July, 1990; Senior Vice President of the Adviser from
July, 1990 to July, 1991; and Senior Vice President and Chief Investment
Officer of Wertheim Asset Management Services, Inc. from 1986 to 1989.
James Gilligan has been primarily responsible for the day-to-day management
of Growth and Income Fund's investment portfolio since July 11, 1994. Mr.
Gilligan is Vice President of the Trust and Vice President -- Portfolio
Manager of the Adviser since March, 1990. Prior to that time he was a
securities analyst with the Adviser. John Reynoldson has been primarily
responsible for the day-to-day management of Government Fund's investment
portfolio since 1988. Mr. Reynoldson is Vice President of the Trust and
Senior Vice President -- Portfolio Manager of the Adviser. Mr. Reynoldson
was formerly Investment Vice President of the Adviser from January, 1988 to
July, 1991. David Troth has been primarily responsible for the day-to-day
management of Money Market Fund's investment portfolio since its inception.
Mr. Troth is Vice President of the Trust and Senior Investment Vice
President of the Adviser. Mr. Troth was formerly Investment Vice President
of the Adviser from March, 1978 to July, 1991. David C. Johnson has been
primarily responsible for the day-to-day management of Municipal Bond
Fund's investment portfolio effective June 13, 1995. Mr. Johnson is Vice
President of the Fund and an agent of the Adviser. Mr. Johnson has been
employed by Van Kampen American Capital Investment Advisory Corp., an
affiliate of the Adviser, for the last five years.
CS-1
