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COMMON SENSE II GROWTH FUND
COMMON SENSE II GROWTH AND INCOME FUND
COMMON SENSE II GOVERNMENT FUND
SUPPLEMENT DATED MARCH 14, 1996 TO PROSPECTUS
DATED FEBRUARY 8, 1996
On March 13, 1996, the Trustees of Common Sense Trust (the "Trust")
approved an Agreement and Plan of Reorganization between the Trust on behalf of
Common Sense II Growth Fund ("Growth II") and Common Sense Growth Fund
("Growth"), Common Sense II Growth and Income Fund ("Growth and Income II") and
Common Sense Growth and Income Fund ("Growth and Income") and Common Sense II
Government Fund ("Government II") and Common Sense Government Fund
("Government"), each of which is a separate portfolio of the Trust, providing
for the transfer of assets and liabilities of Growth II, Growth and Income II
and Government II to Growth, Growth and Income and Government, in exchange for
shares of Growth, Growth and Income and Government, respectively, at their net
asset value per share (the "Reorganization").
Van Kampen American Capital Asset Management, Inc. serves as investment
adviser to each Common Sense Fund.
Each Reorganization, which is scheduled to occur on or before July 31,
1996, is subject to approval by the holders of a majority of the outstanding
shares of each of Growth II, Growth and Income II and Government II. Further
details of the proposed Reorganization will be contained in the proxy material
expected to be mailed to shareholders in late May 1996.
The Growth Fund, the Growth and Income Fund and the Government Fund had
assets of $2.86 billion, $925 million and $324 million on March 4, 1996. The
investment objective and policies of Growth II, Growth and Income II and
Government II are identical to those of Growth, Growth and Income and
Government.
The Growth II, Growth and Income II and Government II will each continue
its normal operations prior to the Reorganization. Investors establishing new
accounts after the proposed record date of May 21, 1996 will not receive proxy
material and will not be entitled to vote on the Reorganization. Shareholders
wishing to make additional investments in Growth II, Growth and Income II and
Government II should consider the timing of such investment and the fact that if
made after the proposed record date they would not have the opportunity to vote
on the Reorganization.
