<PAGE> 1
VAN KAMPEN PRIME RATE INCOME TRUST
SUPPLEMENT DATED MAY 12, 2000
TO THE
PROSPECTUS DATED FEBRUARY 28, 2000,
SUPERCEDING THE SUPPLEMENT DATED APRIL 24, 2000
The Prospectus is hereby supplemented as follows:
The information on the inside back cover of the Prospectus is hereby
supplemented by adding the following:
Independent Accountants
Deloitte & Touche LLP
Two Prudential Plaza
180 North Stetson
Chicago, IL 60601-6710
RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
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VAN KAMPEN PRIME RATE INCOME TRUST
SUPPLEMENT DATED MAY 12, 2000
TO THE
STATEMENT OF ADDITIONAL INFORMATION DATED FEBRUARY 28, 2000,
SUPERCEDING THE SUPPLEMENT DATED APRIL 24, 2000
(1) The Statement of Additional Information is hereby supplemented as
follows:
INDEPENDENT ACCOUNTANTS
Independent accountants for the Fund perform an annual audit of the Fund's
financial statements. The Fund's Board of Trustees has engaged Deloitte & Touche
LLP, located at Two Prudential Plaza, 180 North Stetson, Chicago, Illinois
60601-6710, to be the Fund's independent accountants.
KPMG LLP, located at 303 West Wacker Drive, Chicago, Illinois 60601
("KPMG"), ceased being the Fund's independent accountants effective April 14,
2000. The cessation of the client-auditor relationship between the Fund and KPMG
was based solely on a possible future business relationship by KPMG with an
affiliate of the Fund's investment adviser.
(2) The section of the Statement of Additional Information entitled
"Trustees and Officers" is hereby amended by deleting all information pertaining
to Peter W. Hegel, effective May 31, 2000.
RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
