SCHEDULE 14C INFORMATION
INFORMATION STATEMENT PURSUANT TO SECTION 14(c) OF THE SECURITIES
EXCHANGE ACT OF 1934 (AMENDMENT NO. )
Check the appropriate box:
(X) Preliminary information statement ( ) Confidential, for use of the
Commission only (as permitted
By rule 14c-5(d)(2))
( ) Definitive information statement
VAN KAMPEN SERIES FUND, INC.
(Name of Registrant as specified in its Articles of Incorporation)
Payment of Filing Fee:
(X) No fee required.
( ) Fee computed on table below per Exchange Act Rules 14c-5(g) and 0-11.
( ) Fee paid previously with preliminary materials.
VAN KAMPEN SERIES FUND, INC.
ON BEHALF OF ITS SERIES:
MORGAN STANLEY MONEY MARKET FUND
AND
MORGAN STANLEY GOVERNMENT OBLIGATIONS MONEY MARKET FUND
1 Parkview Plaza, PO Box 5555
Oakbrook Terrace, Illinois 60181-5555
Telephone (800) 341-2911
INFORMATION STATEMENT
This Information Statement is being furnished to you by the Board of
Directors (the "Directors" or "Board of Directors") of the Morgan Stanley
Money Market Fund (the "Money Market Fund") and the Morgan Stanley
Government Obligations Money Market Fund (the "Government Obligations
Fund") (the Money Market Fund and the Government Obligations Fund are
collectively referred to herein as the "Funds"), each a separate series of
the Van Kampen Series Fund, Inc., a Maryland corporation (the "Company"),
to inform all holders of each Fund's shares of common stock, par value
$0.001 per share (the "Shares"), of the Directors' approval and the
subsequent approval by shareholders of each Fund of the complete redemption
of all outstanding Shares of each such Fund which is scheduled for
September 15, 1999. Each Fund is redeeming its outstanding Shares as of
September 15, 1999 in connection with the anticipated discontinuation of
the institutional money market line of business by the Funds' investment
subadviser. This document provides notice of the proposed redemption and
is provided solely for your information. The approximate mailing date of
this Information Statement is July [30], 1999.
Holders of record of each Fund's Shares on the close of business on
July [23], 1999 (the "Record Date") are entitled to receive this
Information Statement. On the Record Date, the Money Market Fund had
issued, outstanding and entitled to vote ________ Shares, and holders of
________ (or ____% of the outstanding Shares of the Money Market Fund) as
of the Record Date have consented in writing approving the complete
redemption of the Money Market Fund. On the Record Date, the Government
Obligations Fund had issued, outstanding and entitled to vote ________
Shares, and holders of ________ (or ____% of the outstanding Shares of the
Government Obligations Fund) as of the Record Date have consented in
writing approving the complete redemption of the Government Obligations
Fund. As a result, no further votes or consent will be needed. See
"Shareholder Information" below.
WE ARE NOT ASKING YOU FOR A PROXY AND YOU
ARE REQUESTED NOT TO SEND US A PROXY.
THE COMPANY AND THE FUNDS
The Company is an open-end management investment company registered
under the Investment Company Act of 1940, as amended (the "1940 Act").
Each Fund is a separate, diversified series of the Company. Each Fund's
investment objective is to seek to provide as high a level of current
interest income as is consistent with maintaining liquidity and stability
of principal. Each Fund seeks to achieve its investment objective by
investing primarily in money market securities, with the Government
Obligations Fund maintaining at least 65% of its assets in money market
securities issued or guaranteed by the U.S. government, its agencies or
instrumentalities. There is no assurance that either Fund can achieve its
investment objective. The Money Market Fund (and its predecessor)
commenced investment operations on August 4, 1989. The Government
Obligations Fund (and its predecessor) commenced investment operations on
March 12, 1992.
The business of each Fund is managed under the supervision of the
Company's Board of Directors. Each Fund is advised and administered by Van
Kampen Investment Advisory Corp. which is located at 1 Parkview Plaza, PO
Box 5555, Oakbrook Terrace, Illinois 60181-5555. Each Fund is subadvised
by Dean Witter Morgan Stanley Investment Management Inc. which is located
at 1221 Avenue of the Americas, New York, New York 10020. Each Fund is
distributed by Van Kampen Funds Inc. which is also located at 1 Parkview
Plaza, PO Box 5555, Oakbrook Terrace, Illinois 60181-5555. Each Fund
receives subadministration services from Chase Global Funds Services
Company, a corporate affiliate of The Chase Manhattan Bank, which is
located at 73 Tremont Street, Boston, Massachusetts 02108-3913.
Further information about each Fund is available in its most recent
prospectus, annual report and semi-annual report, each of which may be
obtained free of charge by calling 1-800-341-2911 or by writing to the
respective Fund at the 1 Parkview Plaza, PO Box 5555, Oakbrook Terrace,
Illinois 60181-5555.
COMPLETE REDEMPTION OF THE FUNDS
Each Fund anticipates redeeming all of its outstanding Shares as of
September 15, 1999, with the termination of each Fund promptly thereafter.
Redemptions will be processed at the net asset value per Share of the
respective Fund as of the redemption date consistent with the redemption
procedures in the Fund's prospectus.
On May 26, 1999, the Board of Directors of the Company met and
approved the complete redemption of the outstanding Shares of each Fund.
In addition, the Board of Directors approved submitting this proposal to
the shareholders of the respective Funds for shareholder approval. Holders
of ________ Shares of the Money Market Fund (or ____% of the outstanding
Shares of the Money Market Fund) as of the Record Date have consented in
writing approving the complete redemption of the Money Market Fund in
compliance with applicable law and no further votes are needed. Holders
of ________ Shares of the Government Obligations Fund (or ____% of the
outstanding Shares of the Government Obligations Fund) as of the Record
Date have consented in writing approving the complete redemption of the
Government Obligations Fund in compliance with applicable law and no
further votes are needed. The Board of Directors does not intend to
solicit any proxies or consents from other shareholders in connection with
this action. No action is required by you as a shareholder of the Funds;
this Information Statement is provided to you for your information in
compliance with applicable law.
The expenses related to the liquidation and dissolution of the Funds,
including the expenses of preparing, printing and mailing this Information
Statement, will be paid by the Funds' Adviser.
SHAREHOLDER INFORMATION
As of the Record Date, the total number of Shares issued, outstanding
and entitled to vote of the Money Market Fund was ________ Shares. As of
the Record Date, the total number of Shares issued, outstanding and
entitled to vote of the Government Obligations Fund was ________ Shares.
Shareholders of the Funds on the Record Date were entitled to one vote per
Share with no Share having cumulative voting rights. As of the Record
Date, the Directors and officers of the Fund as a group owned less than 1%
of the outstanding Shares of the Fund. As of the Record Date, no
shareholders, to the knowledge of the Funds owned beneficially more than 5%
of the Funds' outstanding Shares except for: ______________________________
___________________________________ which held approximately ______% of the
outstanding Shares of the Money Market Fund and approximately ______% of
the outstanding Shares of the Government Obligations Fund and therefore
could be deemed to control the Funds.
July __, 1999
A. Thomas Smith III
Vice President and Secretary
