<PAGE> 1
VAN KAMPEN SERIES FUND, INC.
ON BEHALF OF ITS SERIES
AMERICAN VALUE FUND
SUPPLEMENT DATED MAY 25, 2000 TO THE
PROSPECTUS DATED OCTOBER 28, 1999,
SUPERCEDING ALL PRIOR SUPPLEMENTS
The Prospectus is hereby supplemented as follows:
(1) The first paragraph in the section entitled "INVESTMENT ADVISORY SER-
VICES -- INVESTMENT ADVISER -- ADVISORY AGREEMENT AND ADMINISTRATION AGREEMENT"
is hereby deleted and replaced in its entirety with the following:
The Fund retains the Adviser to manage the investment of its assets and to
place orders for the purchase and sale of its portfolio securities. Under an
investment advisory agreement between the Adviser and the Fund (the "Advisory
Agreement"), the Fund pays the Adviser a monthly fee computed based upon an
annual rate applied to the average daily net assets of the Fund as follows:
<TABLE>
<CAPTION>
AVERAGE DAILY NET ASSETS % PER ANNUM
- ------------------------ -----------
<S> <C>
First $1 billion................................. 0.85 of 1.00%
Next $500 million................................ 0.80 of 1.00%
Over $1.5 billion................................ 0.75 of 1.00%
</TABLE>
(2) The section entitled "INVESTMENT ADVISORY
SERVICES -- GENERAL -- PORTFOLIO MANAGEMENT" is hereby deleted in its entirety
and replaced with the following:
PORTFOLIO MANAGEMENT. Gary G. Schlarbaum, William B. Gerlach and Vitaly V.
Korchevsky are responsible as co-managers for the day-to-day management of the
Fund's investment portfolio.
Mr. Schlarbaum, a Managing Director of Morgan Stanley Dean Witter & Co.,
joined the Adviser's affiliate, Miller Anderson & Sherrerd, LLP ("MAS") in 1987.
He assumed responsibility for the MAS Funds' Equity and Small Cap Value
Portfolio in 1987, for the MAS Funds' Balanced Portfolio in 1992 and for the MAS
Funds' Multi-Asset-Class and Mid Cap Value Portfolios in 1994. Mr. Schlarbaum
also is a Director of MAS Fund Distribution, Inc. Mr. Schlarbaum holds a B.A. in
Economics from the University of Pennsylvania. Mr. Schlarbaum has been co-
manager of the Fund since January 1997.
Mr. Gerlach joined the Subadviser in July 1996 and has worked with MAS since
1991. Mr. Gerlach also became a portfolio manager of MAS Funds' Small Cap Value
and Mid Cap Value Portfolios in 1996. Mr. Gerlach holds a B.A. in Economics from
Haverford College. Mr. Gerlach has been co-manager of the Fund since November
1996.
<PAGE> 2
Mr. Korchevsky joined MAS as a portfolio manager in 1999. He served as an
analyst/portfolio manager for Gardner Lewis Asset Management from 1998-1999, and
as a portfolio manager for Crestar Asset Management Co. from 1995-1998. He has
been co-manager of the MAS Funds' Mid Cap Value and Small Cap Value Portfolios
since January 2000. Mr. Korchevsky has been co-manager of the Fund since January
2000.
(3) The information on the inside back cover of the Prospectus under the
heading "BOARD OF DIRECTORS AND OFFICERS -- BOARD OF DIRECTORS" is hereby
amended by deleting Paul G. Yovovich, effective April 14, 2000, and by deleting
and replacing Richard M. DeMartini* and Don G. Powell, III* with Mitchell M.
Merin* and Richard F. Powers, III*, effective December 15, 1999.
(4) The information on the inside back cover of the Prospectus under the
heading "BOARD OF DIRECTORS AND OFFICERS -- OFFICERS" is hereby amended by
deleting all information pertaining to Curtis W. Morell* and Tanya M. Loden*,
effective January 31, 2000, Dennis J. McDonnell*, effective March 31, 2000,
Peter W. Hegel*, effective May 31, 2000, and by deleting and replacing Stephen
L. Boyd's title of Vice President with Executive Vice President and Chief
Investment Officer and Edward C. Wood, III*, Vice President, with John H.
Zimmermann, III*, Vice President, effective April 17, 2000.
(5) The information on the inside back cover of the Prospectus under the
heading "FOR MORE INFORMATION -- INDEPENDENT ACCOUNTANTS" is hereby deleted and
replaced with the following:
DELOITTE & TOUCHE LLP
Two Prudential Plaza
180 N. Stetson Avenue
Chicago, Illinois 60601
RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
<PAGE> 3
VAN KAMPEN SERIES FUND, INC.
ON BEHALF OF ITS SERIES
VAN KAMPEN ASIAN GROWTH FUND
SUPPLEMENT DATED MAY 25, 2000 TO THE
PROSPECTUS DATED OCTOBER 28, 1999,
SUPERCEDING ALL PRIOR SUPPLEMENTS
The Prospectus is hereby supplemented as follows:
(1) The first paragraph in the section entitled "INVESTMENT ADVISORY
SERVICES -- INVESTMENT ADVISER -- ADVISORY AGREEMENT AND ADMINISTRATION
AGREEMENT" is hereby deleted and replaced in its entirety with the following:
The Fund retains the Adviser to manage the investment of its assets and to
place orders for the purchase and sale of its portfolio securities. Under an
investment advisory agreement between the Adviser and the Fund (the "Advisory
Agreement"), the Fund pays the Adviser a monthly fee computed based upon an
annual rate applied to the average daily net assets of the Fund as follows:
<TABLE>
<CAPTION>
AVERAGE DAILY NET ASSETS % PER ANNUM
- ------------------------ -----------
<S> <C> <C>
First $500 million......................................... 1.00 of 1.00%
Next $500 million............................................ 0.95 of 1.00%
Over $1 billion.............................................. 0.90 of 1.00%
</TABLE>
(2) The section entitled "INVESTMENT ADVISORY
SERVICES -- GENERAL -- PORTFOLIO MANAGEMENT" is hereby deleted in its entirety
and replaced with the following:
PORTFOLIO MANAGEMENT. Ashutosh Sinha has been responsible for the day-to-
day management of the Fund's investment portfolio since August, 1998. Mr. Sinha
joined the Subadviser in 1995. He is a Principal of the Subadviser and Morgan
Stanley & Co. Incorporated and a member of the Subadviser's Emerging Markets
Equity Group, focusing primarily on Asian markets other than Japan. Prior to
joining the Subadviser, Mr. Sinha spent two years at SBI Funds Management Ltd.,
as an analyst for the India Magnum Fund and, prior to that time, he was a
consultant for three years for Citicorp Overseas Software Ltd. Mr. Sinha
graduated from the Indian Institute of Technology, Kanpur, with a degree in
Electrical Engineering and received an M.B.A. from the Indian Institute of
Management, Calcutta.
(3) The information on the inside back cover of the Prospectus under the
heading "BOARD OF DIRECTORS AND OFFICERS -- BOARD OF DIRECTORS" is hereby
amended by deleting Paul G. Yovovich, effective April 14, 2000, and by deleting
and replacing Richard M. DeMartini* and Don G. Powell* with Mitchell M. Merin*
and Richard F. Powers, III*, effective December 15, 1999.
<PAGE> 4
(4) The information on the inside back cover of the Prospectus under the
heading "BOARD OF DIRECTORS AND OFFICERS -- OFFICERS" is hereby amended by
deleting all information pertaining to Curtis W. Morell* and Tanya M. Loden*,
effective January 31, 2000, Dennis J. McDonnell*, effective March 31, 2000,
Peter W. Hegel*, effective May 31, 2000, and by deleting and replacing Stephen
L. Boyd's title of Vice President with Executive Vice President and Chief
Investment Officer and Edward C. Wood, III*, Vice President, with John H.
Zimmermann, III*, Vice President, effective April 17, 2000.
(5) The information on the inside back cover of the Prospectus under the
heading "FOR MORE INFORMATION -- INDEPENDENT ACCOUNTANTS" is hereby deleted and
replaced with the following:
DELOITTE & TOUCHE LLP
Two Prudential Plaza
180 N. Stetson Avenue
Chicago, Illinois 60601
RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
<PAGE> 5
VAN KAMPEN SERIES FUND, INC.
ON BEHALF OF ITS SERIES
VAN KAMPEN EMERGING MARKETS FUND
VAN KAMPEN LATIN AMERICAN FUND
SUPPLEMENT DATED MAY 25, 2000 TO THE
PROSPECTUS DATED OCTOBER 28, 1999,
SUPERCEDING ALL PRIOR SUPPLEMENTS
The Prospectus is hereby supplemented as follows:
(1) The first paragraph in the section entitled "INVESTMENT ADVISORY
SERVICES -- INVESTMENT ADVISER -- ADVISORY AGREEMENT AND ADMINISTRATION
AGREEMENT" is hereby deleted and replaced in its entirety with the following:
The Fund retains the Adviser to manage the investment of its assets and to
place orders for the purchase and sale of its portfolio securities. Under an
investment advisory agreement between the Adviser and the Fund (the "Advisory
Agreement"), the Fund pays the Adviser a monthly fee computed based upon an
annual rate applied to the average daily net assets of the Fund as follows:
<TABLE>
<CAPTION>
AVERAGE DAILY NET ASSETS % PER ANNUM
- ------------------------ -------------
<S> <C>
First $500 million............................... 1.25 of 1.00%
Next $500 million................................ 1.20 of 1.00%
Over $1 billion.................................. 1.15 of 1.00%
</TABLE>
(2) The information on the inside back cover of the Prospectus under the
heading "BOARD OF DIRECTORS AND OFFICERS -- BOARD OF DIRECTORS" is hereby
amended by deleting Paul G. Yovovich, effective April 14, 2000, and by deleting
and replacing Richard M. DeMartini* and Don G. Powell* with Mitchell M. Merin*
and Richard F. Powers, III*, effective December 15, 1999.
(3) The information on the inside back cover of the Prospectus under the
heading "BOARD OF DIRECTORS AND OFFICERS -- OFFICERS" is hereby amended by
deleting all information pertaining to Curtis W. Morell* and Tanya M. Loden*,
effective January 31, 2000, Dennis J. McDonnell*, effective March 31, 2000,
Peter W. Hegel*, effective May 31, 2000, and by deleting and replacing Stephen
L. Boyd's title of Vice President with Executive Vice President and Chief
Investment Officer and Edward C. Wood, III*, Vice President, with John H.
Zimmermann, III*, Vice President, effective April 17, 2000.
<PAGE> 6
(4) The information on the inside back cover of the Prospectus under the
heading "FOR MORE INFORMATION -- INDEPENDENT ACCOUNTANTS" is hereby deleted and
replaced with the following:
DELOITTE & TOUCHE LLP
Two Prudential Plaza
180 N. Stetson Avenue
Chicago, Illinois 60601
RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
<PAGE> 7
VAN KAMPEN SERIES FUND, INC.
ON BEHALF OF ITS SERIES
VAN KAMPEN EQUITY GROWTH FUND
SUPPLEMENT DATED MAY 25, 2000 TO THE
PROSPECTUS DATED OCTOBER 28, 1999,
SUPERCEDING ALL PRIOR SUPPLEMENTS
The Prospectus is hereby supplemented as follows:
(1) The first paragraph in the section entitled "INVESTMENT ADVISORY
SERVICES -- INVESTMENT ADVISER -- ADVISORY AGREEMENT AND ADMINISTRATION
AGREEMENT" is hereby deleted and replaced in its entirety with the following:
The Fund retains the Adviser to manage the investment of its assets and to
place orders for the purchase and sale of its portfolio securities. Under an
investment advisory agreement between the Adviser and the Fund (the "Advisory
Agreement"), the Fund pays the Adviser a monthly fee computed based upon an
annual rate applied to the average daily net assets of the Fund as follows:
<TABLE>
<CAPTION>
AVERAGE DAILY NET ASSETS % PER ANNUM
- ------------------------ -------------
<S> <C>
First $500 million............................... 0.80 of 1.00%
Next $500 million................................ 0.75 of 1.00%
Over $1 billion.................................. 0.70 of 1.00%
</TABLE>
(2) The information on the inside back cover of the Prospectus under the
heading "BOARD OF DIRECTORS AND OFFICERS -- BOARD OF DIRECTORS" is hereby
amended by deleting Paul G. Yovovich, effective April 14, 2000, and by deleting
and replacing Richard M. DeMartini* and Don G. Powell* with Mitchell M. Merin*
and Richard F. Powers, III*, effective December 15, 1999.
(3) The information on the inside back cover of the Prospectus under the
heading "BOARD OF DIRECTORS AND OFFICERS -- OFFICERS" is hereby amended by
deleting all information pertaining to Curtis W. Morell* and Tanya M. Loden*,
effective January 31, 2000, Dennis J. McDonnell*, effective March 31, 2000,
Peter W. Hegel*, effective May 31, 2000, and by deleting and replacing Stephen
L. Boyd's title of Vice President with Executive Vice President and Chief
Investment Officer and Edward C. Wood, III*, Vice President, with John H.
Zimmermann, III*, Vice President, effective April 17, 2000.
<PAGE> 8
(4) The information on the inside back cover of the Prospectus under the
heading "FOR MORE INFORMATION -- INDEPENDENT ACCOUNTANTS" is hereby deleted and
replaced with the following:
DELOITTE & TOUCHE LLP
Two Prudential Plaza
180 N. Stetson Avenue
Chicago, Illinois 60601
RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
<PAGE> 9
VAN KAMPEN SERIES FUND, INC.
ON BEHALF OF ITS SERIES
VAN KAMPEN EUROPEAN EQUITY FUND
SUPPLEMENT DATED MAY 25, 2000 TO THE
PROSPECTUS DATED OCTOBER 28, 1999,
SUPERCEDING ALL PRIOR SUPPLEMENTS
The Prospectus is hereby supplemented as follows:
(1) The first paragraph in the section entitled "INVESTMENT ADVISORY
SERVICES -- INVESTMENT ADVISER -- ADVISORY AGREEMENT AND ADMINISTRATION
AGREEMENT" is hereby deleted and replaced in its entirety with the following:
The Fund retains the Adviser to manage the investment of its assets and to
place orders for the purchase and sale of its portfolio securities. Under an
investment advisory agreement between the Adviser and the Fund (the "Advisory
Agreement"), the Fund pays the Adviser a monthly fee computed based upon an
annual rate applied to the average daily net assets of the Fund as follows:
<TABLE>
<CAPTION>
AVERAGE DAILY NET ASSETS % PER ANNUM
- ------------------------ -------------
<S> <C>
First $500 million.............................. 1.00 of 1.00%
Next $500 million............................... 0.95 of 1.00%
Over $1 billion................................. 0.90 of 1.00%
</TABLE>
(2) The information on the inside back cover of the Prospectus under the
heading "BOARD OF DIRECTORS AND OFFICERS -- BOARD OF DIRECTORS" is hereby
amended by deleting Paul G. Yovovich, effective April 14, 2000, and by deleting
and replacing Richard M. DeMartini* and Don G. Powell* with Mitchell M. Merin*
and Richard F. Powers, III*, effective December 15, 1999.
(3) The information on the inside back cover of the Prospectus under the
heading "BOARD OF DIRECTORS AND OFFICERS -- OFFICERS" is hereby amended by
deleting all information pertaining to Curtis W. Morell* and Tanya M. Loden*,
effective January 31, 2000, Dennis J. McDonnell*, effective March 31, 2000,
Peter W. Hegel*, effective May 31, 2000, and by deleting and replacing Stephen
L. Boyd's title of Vice President with Executive Vice President and Chief
Investment Officer and Edward C. Wood, III*, Vice President, with John H.
Zimmermann, III*, Vice President, effective April 17, 2000.
<PAGE> 10
(4) The information on the inside back cover of the Prospectus under the
heading "FOR MORE INFORMATION -- INDEPENDENT ACCOUNTANTS" is hereby deleted and
replaced with the following:
DELOITTE & TOUCHE LLP
Two Prudential Plaza
180 N. Stetson Avenue
Chicago, Illinois 60601
RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
<PAGE> 11
VAN KAMPEN SERIES FUND, INC.
ON BEHALF OF ITS SERIES
VAN KAMPEN FOCUS EQUITY FUND
SUPPLEMENT DATED MAY 25, 2000 TO THE
PROSPECTUS DATED OCTOBER 28, 1999,
SUPERCEDING ALL PRIOR SUPPLEMENTS
The Prospectus is hereby supplemented as follows:
(1) The first paragraph in the section entitled "INVESTMENT ADVISORY
SERVICES -- INVESTMENT ADVISER -- ADVISORY AGREEMENT AND ADMINISTRATION
AGREEMENT" is hereby deleted and replaced in its entirety with the following:
The Fund retains the Adviser to manage the investment of its assets and to
place orders for the purchase and sale of its portfolio securities. Under an
investment advisory agreement between the Adviser and the Fund (the "Advisory
Agreement"), the Fund pays the Adviser a monthly fee computed based upon an
annual rate applied to the average daily net assets of the Fund as follows:
<TABLE>
<CAPTION>
AVERAGE DAILY NET ASSETS % PER ANNUM
- ------------------------ -------------
<S> <C>
First $500 million............................... 0.90 of 1.00%
Next $500 million................................ 0.85 of 1.00%
Over $1 billion.................................. 0.80 of 1.00%
</TABLE>
(2) The information on the inside back cover of the Prospectus under the
heading "BOARD OF DIRECTORS AND OFFICERS -- BOARD OF DIRECTORS" is hereby
amended by deleting Paul G. Yovovich, effective April 14, 2000, and by deleting
and replacing Richard M. DeMartini* and Don G. Powell* with Mitchell M. Merin*
and Richard F. Powers, III*, effective December 15, 1999.
(3) The information on the inside back cover of the Prospectus under the
heading "BOARD OF DIRECTORS AND OFFICERS -- OFFICERS" is hereby amended by
deleting all information pertaining to Curtis W. Morell* and Tanya M. Loden*,
effective January 31, 2000, Dennis J. McDonnell*, effective March 31, 2000,
Peter W. Hegel*, effective May 31, 2000, and by deleting and replacing Stephen
L. Boyd's title of Vice President with Executive Vice President and Chief
Investment Officer and Edward C. Wood, III*, Vice President, with John H.
Zimmermann, III*, Vice President, effective April 17, 2000.
<PAGE> 12
(4) The information on the inside back cover of the Prospectus under the
heading "FOR MORE INFORMATION -- INDEPENDENT ACCOUNTANTS" is hereby deleted and
replaced with the following:
DELOITTE & TOUCHE LLP
Two Prudential Plaza
180 N. Stetson Avenue
Chicago, Illinois 60601
RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
<PAGE> 13
VAN KAMPEN SERIES FUND, INC.
ON BEHALF OF ITS SERIES
VAN KAMPEN GLOBAL EQUITY ALLOCATION FUND
VAN KAMPEN GLOBAL EQUITY FUND
SUPPLEMENT DATED MAY 25, 2000 TO THE
PROSPECTUS DATED OCTOBER 28, 1999,
SUPERCEDING ALL PRIOR SUPPLEMENTS
The Prospectus is hereby supplemented as follows:
(1) The first paragraph in the section entitled "INVESTMENT ADVISORY
SERVICES -- INVESTMENT ADVISER -- ADVISORY AGREEMENT AND ADMINISTRATION
AGREEMENT" is hereby deleted and replaced in its entirety with the following:
The Fund retains the Adviser to manage the investment of its assets and to
place orders for the purchase and sale of its portfolio securities. Under an
investment advisory agreement between the Adviser and the Fund (the "Advisory
Agreement"), the Fund pays the Adviser a monthly fee computed based upon an
annual rate applied to the average daily net assets of the Fund as follows:
<TABLE>
<CAPTION>
AVERAGE DAILY NET ASSETS % PER ANNUM
------------------------ -------------
<S> <C>
First $750 million.............................. 1.00 of 1.00%
Next $500 million............................... 0.95 of 1.00%
Over $1.25 billion.............................. 0.90 of 1.00%
</TABLE>
(2) The information on the inside back cover of the Prospectus under the
heading "BOARD OF DIRECTORS AND OFFICERS -- BOARD OF DIRECTORS" is hereby
amended by deleting Paul G. Yovovich, effective April 14, 2000, and by deleting
and replacing Richard M. DeMartini* and Don G. Powell* with Mitchell M. Merin*
and Richard F. Powers, III*, effective December 15, 1999.
(3) The information on the inside back cover of the Prospectus under the
heading "BOARD OF DIRECTORS AND OFFICERS -- OFFICERS" is hereby amended by
deleting all information pertaining to Curtis W. Morell* and Tanya M. Loden*,
effective January 31, 2000, Dennis J. McDonnell*, effective March 31, 2000,
Peter W. Hegel*, effective May 31, 2000, and by deleting and replacing Stephen
L. Boyd's title of Vice President with Executive Vice President and Chief
Investment Officer and Edward C. Wood, III*, Vice President, with John H.
Zimmermann, III*, Vice President, effective April 17, 2000.
<PAGE> 14
(4) The information on the inside back cover of the Prospectus under the
heading "FOR MORE INFORMATION -- INDEPENDENT ACCOUNTANTS" is hereby deleted and
replaced with the following:
DELOITTE & TOUCHE LLP
Two Prudential Plaza
180 N. Stetson Avenue
Chicago, Illinois 60601
RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
<PAGE> 15
VAN KAMPEN SERIES FUND, INC.
ON BEHALF OF ITS SERIES
VAN KAMPEN GLOBAL FIXED INCOME FUND
SUPPLEMENT DATED MAY 25, 2000 TO THE
PROSPECTUS DATED OCTOBER 28, 1999,
SUPERCEDING ALL PRIOR SUPPLEMENTS
The Prospectus is hereby supplemented as follows:
(1) The Board of Directors of the Fund has continuously reviewed the
investment policies and practices, performance, expenses and reduced net assets
of the Fund. In connection therewith, the Board of Directors considered various
alternatives including a possible merger or liquidation of the Fund. After due
consideration of a number of factors, including those listed above, the Board of
Directors determined that it would be in the best interest of the shareholders
to terminate and liquidate the Fund. On January 27, 2000, the Board approved a
Plan of Liquidation for the Fund which will be presented to the Fund's
shareholders for approval. As a result of the Board's approval effective
February 2, 2000, the Fund suspended the continuous offering of its shares to
new investors. Currently, existing shareholders of the Fund as of February 2,
2000 may continue to purchase shares of the Fund. Dividends subject to automatic
reinvestment in the Fund according to previous instructions of existing
shareholders will continue to be reinvested in shares of the Fund.
(2) The first paragraph in the section entitled "INVESTMENT ADVISORY
SERVICES -- INVESTMENT ADVISER -- ADVISORY AGREEMENT AND ADMINISTRATION
AGREEMENT" is hereby deleted and replaced in its entirety with the following:
The Fund retains the Adviser to manage the investment of its assets and to
place orders for the purchase and sale of its portfolio securities. Under an
investment advisory agreement between the Adviser and the Fund (the "Advisory
Agreement"), the Fund pays the Adviser a monthly fee computed based upon an
annual rate applied to the average daily net assets of the Fund as follows:
<TABLE>
<CAPTION>
AVERAGE DAILY NET ASSETS % PER ANNUM
------------------------ -----------
<S> <C>
First $500 million.............................. 0.75 of 1.00%
Next $500 million............................... 0.70 of 1.00%
Over $1 billion................................. 0.65 of 1.00%
</TABLE>
(3) The information on the inside back cover of the Prospectus under the
heading "BOARD OF DIRECTORS AND OFFICERS -- BOARD OF DIRECTORS" is hereby
amended by deleting Paul G. Yovovich, effective April 14, 2000, and by deleting
<PAGE> 16
and replacing Richard M. DeMartini* and Don G. Powell* with Mitchell M. Merin*
and Richard F. Powers, III*, effective December 15, 1999.
(4) The information on the inside back cover of the Prospectus under the
heading "BOARD OF DIRECTORS AND OFFICERS -- OFFICERS" is hereby amended by
deleting all information pertaining to Curtis W. Morell* and Tanya M. Loden*,
effective January 31, 2000, Dennis J. McDonnell*, effective March 31, 2000,
Peter W. Hegel*, effective May 31, 2000, and by deleting and replacing Stephen
L. Boyd's title of Vice President with Executive Vice President and Chief
Investment Officer and Edward C. Wood, III*, Vice President, with John H.
Zimmermann, III*, Vice President, effective April 17, 2000.
(5) The information on the inside back cover of the Prospectus under the
heading "FOR MORE INFORMATION -- INDEPENDENT ACCOUNTANTS" is hereby deleted and
replaced with the following:
DELOITTE & TOUCHE LLP
Two Prudential Plaza
180 N. Stetson Avenue
Chicago, Illinois 60601
RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
<PAGE> 17
VAN KAMPEN SERIES FUND, INC.
ON BEHALF OF ITS SERIES
VAN KAMPEN INTERNATIONAL MAGNUM FUND
SUPPLEMENT DATED MAY 25, 2000 TO THE
PROSPECTUS DATED OCTOBER 28, 1999,
SUPERCEDING ALL PRIOR SUPPLEMENTS
The Prospectus is hereby supplemented as follows:
(1) The first paragraph in the section entitled "INVESTMENT ADVISORY
SERVICES -- INVESTMENT ADVISER -- ADVISORY AGREEMENT AND ADMINISTRATION
AGREEMENT" is hereby deleted and replaced in its entirety with the following:
The Fund retains the Adviser to manage the investment of its assets and to
place orders for the purchase and sale of its portfolio securities. Under an
investment advisory agreement between the Adviser and the Fund (the "Advisory
Agreement"), the Fund pays the Adviser a monthly fee computed based upon an
annual rate applied to the average daily net assets of the Fund as follows:
<TABLE>
<CAPTION>
AVERAGE DAILY NET ASSETS % PER ANNUM
- ------------------------ -----------
<S> <C>
First $500 million............................... 0.80 of 1.00%
Next $500 million................................ 0.75 of 1.00%
Over $1 billion.................................. 0.70 of 1.00%
</TABLE>
(2) The information on the inside back cover of the Prospectus under the
heading "BOARD OF DIRECTORS AND OFFICERS -- BOARD OF DIRECTORS" is hereby
amended by deleting Paul G. Yovovich, effective April 14, 2000, and by deleting
and replacing Richard M. DeMartini* and Don G. Powell* with Mitchell M. Merin*
and Richard F. Powers, III*, effective December 15, 1999.
(3) The information on the inside back cover of the Prospectus under the
heading "BOARD OF DIRECTORS AND OFFICERS -- OFFICERS" is hereby amended by
deleting all information pertaining to Curtis W. Morell* and Tanya M. Loden*,
effective January 31, 2000, Dennis J. McDonnell*, effective March 31, 2000,
Peter W. Hegel*, effective May 31, 2000, and by deleting and replacing Stephen
L. Boyd's title of Vice President with Executive Vice President and Chief
Investment Officer and Edward C. Wood, III*, Vice President, with John H.
Zimmermann, III*, Vice President, effective April 17, 2000.
<PAGE> 18
(4) The information on the inside back cover of the Prospectus under the
heading "FOR MORE INFORMATION -- INDEPENDENT ACCOUNTANTS" is hereby deleted and
replaced with the following:
DELOITTE & TOUCHE LLP
Two Prudential Plaza
180 N. Stetson Avenue
Chicago, Illinois 60601
RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
<PAGE> 19
VAN KAMPEN SERIES FUND, INC.
ON BEHALF OF ITS SERIES
VAN KAMPEN MID CAP GROWTH FUND
VAN KAMPEN VALUE FUND
SUPPLEMENT DATED MAY 25, 2000 TO THE
PROSPECTUS DATED OCTOBER 28, 1999,
SUPERCEDING ALL PRIOR SUPPLEMENTS
The Prospectus is hereby supplemented as follows:
(1) The information on the inside back cover of the Prospectus under the
heading "BOARD OF DIRECTORS AND OFFICERS -- BOARD OF DIRECTORS" is hereby
amended by deleting Paul G. Yovovich, effective April 14, 2000, and by deleting
and replacing Richard M. DeMartini* and Don G. Powell, III*, with Mitchell M.
Merin* and Richard F. Powers, III*, effective December 15, 1999.
(2) The information on the inside back cover of the Prospectus under the
heading "BOARD OF DIRECTORS AND OFFICERS -- OFFICERS" is hereby amended by
deleting all information pertaining to Curtis W. Morell* and Tanya M. Loden*,
effective January 31, 2000, Dennis J. McDonnell*, effective March 31, 2000,
Peter W. Hegel*, effective May 31, 2000, and by deleting and replacing Stephen
L. Boyd's title of Vice President with Executive Vice President and Chief
Investment Officer and Edward C. Wood, III*, Vice President, with John H.
Zimmermann, III*, Vice President, effective April 17, 2000.
(3) The information on the inside back cover of the Prospectus under the
heading "FOR MORE INFORMATION -- INDEPENDENT ACCOUNTANTS" is hereby deleted and
replaced with the following:
DELOITTE & TOUCHE LLP
Two Prudential Plaza
180 N. Stetson Avenue
Chicago, Illinois 60601
RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
<PAGE> 20
VAN KAMPEN SERIES FUND, INC.
ON BEHALF OF ITS SERIES
VAN KAMPEN WORLDWIDE HIGH INCOME FUND
SUPPLEMENT DATED MAY 25, 2000 TO THE
PROSPECTUS DATED OCTOBER 28, 1999,
SUPERCEDING ALL PRIOR SUPPLEMENTS
The Prospectus is hereby supplemented as follows:
(1) The first paragraph in the section entitled "INVESTMENT ADVISORY
SERVICES -- INVESTMENT ADVISER -- ADVISORY AGREEMENT AND ADMINISTRATION
AGREEMENT" is hereby deleted and replaced in its entirety with the following:
The Fund retains the Adviser to manage the investment of its assets and to
place orders for the purchase and sale of its portfolio securities. Under an
investment advisory agreement between the Adviser and the Fund (the "Advisory
Agreement"), the Fund pays the Adviser a monthly fee computed based upon an
annual rate applied to the average daily net assets of the Fund as follows:
<TABLE>
<CAPTION>
AVERAGE DAILY NET ASSETS % PER ANNUM
------------------------ -----------
<S> <C>
First $500 million...................................... 0.75 of 1.00%
Next $500 million....................................... 0.70 of 1.00%
Over $1 billion......................................... 0.65 of 1.00%
</TABLE>
(2) The section entitled "INVESTMENT ADVISORY SERVICES -- GENERAL --
PORTFOLIO MANAGEMENT" is deleted hereby in its entirety and replaced with the
following:
PORTFOLIO MANAGEMENT. Robert Angevine, Gordon W. Loery, Stephen F. Esser,
Abigail L. McKenna and Deanna L. Loughnane are responsible as co-managers for
the day-to-day management of the Fund's investment portfolio.
Mr. Angevine is a Principal of Morgan Stanley & Co. Incorporated and the
Subadviser and the portfolio manager for high yield investments. He has shared
primary management responsibility for the Fund since it commenced operations.
Prior to joining the Subadviser in October 1988, he spent over eight years at
Prudential Insurance where he was responsible for one of the largest open-end
high yield mutual funds in the country. His other experience includes
international treasury operations at a major pharmaceutical company and
commercial banking. Mr. Angevine received a B.A. in Economics from Lafayette
College and an M.B.A. from Fairleigh Dickinson University.
Mr. Loery, a Principal of the Subadviser and Morgan Stanley & Co.
Incorporated, joined the Subadviser as a Fixed Income Analyst in 1990.
Previously, he worked in Fixed Income at Alex Brown and Mabon Nugent and managed
commodity pools for a private firm. He has a degree in economics from Cornell
<PAGE> 21
University, is a Chartered Financial Analyst and a member of the NYSSA. He has
shared primary responsibility for managing the Fund's assets since April 1999.
Mr. Esser, a Managing Director of Morgan Stanley & Co. Incorporated, has
shared primary responsibility for managing the Fund's assets since October 1998.
He joined the Subadviser in 1996 and has been a portfolio manager with Miller
Anderson & Sherrerd, LLP ("MAS") since 1988. He assumed responsibility for the
MAS-advised MAS Fund's High Yield Portfolio in 1989. Mr. Esser is a member of
the New York Society of Security Analysts and has a B.S. degree (Summa Cum
Laude; Phi Beta Kappa) from the University of Delaware.
Ms. McKenna has shared primary responsibility for managing the Fund's assets
since 1996. Ms. McKenna joined the Subadviser in 1996 and is a Principal of the
Subadviser and Morgan Stanley & Co. Incorporated. She focuses primarily on the
trading and management of the emerging markets debt portfolios. Prior to joining
the Subadviser, she was a senior portfolio manager at MIMCO and a Limited
Partner at Weiss Peck & Greer from 1991 to 1995 where she was responsible for
the trading and management of Corporate Bond Portfolios. She holds a B.A. in
International Relations from Georgetown University and is a Chartered Financial
Analyst.
Ms. Loughnane has shared primary responsibility for managing the Fund's
assets since January 2000. She joined the Subadviser as a financial analyst in
1997 and currently is a Principal of Morgan Stanley & Co. Incorporated. Prior to
joining the Subadviser, Ms. Loughnane was a Vice President and Senior Corporate
Bond Analyst for Putnam Investments from 1993 to 1997.
(3) The information on the inside back cover of the Prospectus under the
heading "BOARD OF DIRECTORS AND OFFICERS -- BOARD OF DIRECTORS" is hereby
amended by deleting Paul G. Yovovich, effective April 14, 2000, and by deleting
and replacing Richard M. DeMartini* and Don G. Powell, III* with Mitchell M.
Merin* and Richard F. Powers, III*, effective December 15, 1999.
(4) The information on the inside back cover of the Prospectus under the
heading "BOARD OF DIRECTORS AND OFFICERS -- OFFICERS" is hereby amended by
deleting all information pertaining to Curtis W. Morell* and Tanya M. Loden*,
effective January 31, 2000, Dennis J. McDonnell*, effective March 31, 2000,
Peter W. Hegel*, effective May 31, 2000, and by deleting and replacing Stephen
L. Boyd's title of Vice President with Executive Vice President and Chief
Investment Officer and Edward C. Wood, III*, Vice President, with John H.
Zimmermann, III*, Vice President, effective April 17, 2000.
<PAGE> 22
(5) The information on the inside back cover of the Prospectus under the
heading "FOR MORE INFORMATION -- INDEPENDENT ACCOUNTANTS" is hereby deleted and
replaced with the following:
DELOITTE & TOUCHE LLP
Two Prudential Plaza
180 N. Stetson Avenue
Chicago, Illinois 60601
RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
<PAGE> 23
VAN KAMPEN SERIES FUND, INC.
ON BEHALF OF ITS SERIES
VAN KAMPEN HIGH YIELD AND TOTAL RETURN FUND
SUPPLEMENT DATED MAY 25, 2000 TO THE
PROSPECTUS DATED OCTOBER 28, 1999,
SUPERCEDING ALL PRIOR SUPPLEMENTS
The Prospectus is hereby supplemented as follows:
(1) The first paragraph in the section entitled "INVESTMENT ADVISORY
SERVICES -- INVESTMENT ADVISER -- ADVISORY AGREEMENT AND ADMINISTRATION
AGREEMENT" is hereby deleted and replaced in its entirety with the following:
The Fund retains the Adviser to manage the investment of its assets and to
place orders for the purchase and sale of its portfolio securities. Under an
investment advisory agreement between the Adviser and the Fund (the "Advisory
Agreement"), the Fund pays the Adviser a monthly fee computed based upon an
annual rate applied to the average daily net assets of the Fund as follows:
<TABLE>
<CAPTION>
AVERAGE DAILY NET ASSETS % PER ANNUM
- ------------------------ -----------
<S> <C>
First $500 million............................... 0.75 of 1.00%
Next $500 million................................ 0.70 of 1.00%
Over $1 billion.................................. 0.65 of 1.00%
</TABLE>
(2) The information on the inside back cover of the Prospectus under the
heading "BOARD OF DIRECTORS AND OFFICERS -- BOARD OF DIRECTORS" is hereby
amended by deleting Paul G. Yovovich, effective April 14, 2000, and by deleting
and replacing Richard M. DeMartini* and Don G. Powell* with Mitchell M. Merin*
and Richard F. Powers, III*, effective December 15, 1999.
(3) The information on the inside back cover of the Prospectus under the
heading "BOARD OF DIRECTORS AND OFFICERS -- OFFICERS" is hereby amended by
deleting all information pertaining to Curtis W. Morell* and Tanya M. Loden*,
effective January 31, 2000, Dennis J. McDonnell*, effective March 31, 2000,
Peter W. Hegel*, effective May 31, 2000, and by deleting and replacing Stephen
L. Boyd's title of Vice President with Executive Vice President and Chief
Investment Officer and Edward C. Wood, III*, Vice President, with John H.
Zimmermann, III*, Vice President, effective April 17, 2000.
<PAGE> 24
(4) The information on the inside back cover of the Prospectus under the
heading "FOR MORE INFORMATION -- INDEPENDENT ACCOUNTANTS" is hereby deleted and
replaced with the following:
DELOITTE & TOUCHE LLP
Two Prudential Plaza
180 N. Stetson Avenue
Chicago, Illinois 60601
RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
<PAGE> 25
VAN KAMPEN SERIES FUND, INC.
ON BEHALF OF ITS SERIES
VAN KAMPEN TAX MANAGED GLOBAL FRANCHISE FUND
SUPPLEMENT DATED MAY 25, 2000 TO THE
PROSPECTUS DATED APRIL 3, 2000,
SUPERCEDING ALL PRIOR SUPPLEMENTS
The Prospectus is hereby supplemented as follows:
(1) The information on the inside back cover of the Prospectus under the
heading "BOARD OF DIRECTORS AND OFFICERS -- BOARD OF DIRECTORS" is hereby
amended by deleting Paul G. Yovovich, effective April 14, 2000.
(2) The information on the inside back cover of the Prospectus under the
heading "BOARD OF DIRECTORS AND OFFICERS -- OFFICERS" is hereby amended by
deleting all information pertaining to Peter W. Hegel*, effective May 31, 2000,
and by deleting and replacing Stephen L. Boyd's title of Vice President with
Executive Vice President and Chief Investment Officer and Edward C. Wood, III*,
Vice President, with John H. Zimmermann, III*, Vice President, effective April
17, 2000.
(3) The information on the inside back cover of the Prospectus under the
heading "FOR MORE INFORMATION -- INDEPENDENT ACCOUNTANTS" is hereby deleted and
replaced with the following:
DELOITTE & TOUCHE LLP
Two Prudential Plaza
180 N. Stetson Avenue
Chicago, Illinois 60601
RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
<PAGE> 26
VAN KAMPEN SERIES FUND, INC.
ON BEHALF OF ITS SERIES
VAN KAMPEN AMERICAN VALUE FUND
VAN KAMPEN ASIAN GROWTH FUND
VAN KAMPEN EMERGING MARKETS FUND
VAN KAMPEN EQUITY GROWTH FUND
VAN KAMPEN EUROPEAN EQUITY FUND
VAN KAMPEN FOCUS EQUITY FUND
VAN KAMPEN GLOBAL EQUITY ALLOCATION FUND
VAN KAMPEN GLOBAL EQUITY FUND
VAN KAMPEN GLOBAL FIXED INCOME FUND
VAN KAMPEN HIGH YIELD AND TOTAL RETURN FUND
VAN KAMPEN INTERNATIONAL MAGNUM FUND
VAN KAMPEN LATIN AMERICAN FUND
VAN KAMPEN MID CAP GROWTH FUND
VAN KAMPEN TAX MANAGED GLOBAL FRANCHISE FUND
VAN KAMPEN VALUE FUND
VAN KAMPEN WORLDWIDE HIGH INCOME FUND
SUPPLEMENT DATED MAY 25, 2000 TO THE
STATEMENT OF ADDITIONAL INFORMATION DATED APRIL 3, 2000,
SUPERCEDING ALL PRIOR SUPPLEMENTS
The Statement of Additional Information is hereby supplemented as follows:
(1) The section entitled "DIRECTORS AND OFFICERS" is hereby amended by
deleting all information pertaining to Paul G. Yovovich, effective April 14,
2000.
(2) The section entitled "DIRECTORS AND OFFICERS--OFFICERS" is hereby
amended by deleting all information pertaining to Edward C. Wood, III and
Stephen L. Boyd, effective April 17, 2000, and Peter W. Hegel, effective May 31,
2000, and by adding the following:
<TABLE>
<S> <C>
Stephen L. Boyd...................... Executive Vice President and Chief Investment Officer of Van
Date of Birth: 11/16/40 Kampen Investments, and President and Chief Operating
Executive Vice President and Officer of the Advisers. Executive Vice President and Chief
Chief Investment Officer Investment Officer of each of the funds in the Fund Complex
and certain other investment companies advised by the
Advisers or their affiliates. Prior to April 2000, Vice
President and Chief Investment Officer of the Advisers.
Prior to October 1998, Vice President and Senior Portfolio
Manager with AIM Capital Management, Inc. Prior to February
1998, Senior Vice President and Portfolio Manager of Van
Kampen American Capital Asset Management, Inc., Van Kampen
American Capital Investment Advisory Corp. and Van Kampen
American Capital Management, Inc.
John H. Zimmermann, III.............. Senior Vice President and Director of Van Kampen
Date of Birth: 11/25/57 Investments, President and Director of the Distributor and
Vice President President of Van Kampen Insurance Agency of Illinois Inc.
Vice President of each of the funds in the Fund Complex.
From November 1992 to December 1997, Senior Vice President
of the Distributor.
</TABLE>
(3) The footnote to the "CLASS A SHARES SALES CHARGE TABLE" at the end of
the second paragraph in the section entitled "DISTRIBUTION AND SERVICE" is
hereby deleted in its entirety and replaced with the following:
* No sales charge is payable at the time of purchase on investments of
$1 million or more, although the Funds may impose a contingent deferred
sales charge of 1.00% on certain redemptions made within one year of
purchase. A commission or transaction fee will be paid by the Distributor
at the time of
<PAGE> 27
purchase directly out of the Distributor's assets (and not out of the
Fund's assets) to authorized dealers who initiate and are responsible for
purchases of $1 million or more computed on a percentage of the dollar
value of such shares sold as follows: 1.00% on sales to $2 million, plus
0.80% on the next $1 million and 0.50% on the excess over $3 million. For
single purchases of $20 million or more by an individual retail investor
the Distributor will pay, at the time of purchase and directly out of the
Distributor's assets (and not out of the Fund's assets), a commission or
transaction fee of 1.00% to authorized dealers who initiate and are
responsible for such purchases. The commission or transaction fee of 1.00%
will be computed on a percentage of the dollar value of such shares sold.
(4) The section entitled "DISTRIBUTION AND SERVICE" is hereby amended by
adding at the end of the section the following:
The Distributor has entered into agreements with The Prudential Insurance
Company of America with respect to the High Yield and Total Return Fund and the
Tax Managed Global Franchise Fund. Shares of these funds will be offered
pursuant to such firm's retirement plan alliance program(s). Trustees and other
fiduciaries of retirement plans seeking to invest in multiple fund families
through broker-dealer retirement plan alliance program should contact the firm
mentioned above for further information concerning the program(s) including, but
not limited to, minimum investment and operational requirements.
(5) The information in the section entitled "OTHER
INFORMATION -- INDEPENDENT ACCOUNTANTS" is hereby deleted in its entirety and
replaced with the following:
Independent accountants for the Fund perform an annual audit of the Fund's
financial statements. The Fund's Board of Directors has engaged Deloitte &
Touche LLP, located at Two Prudential Plaza, 180 N. Stetson Avenue, Chicago,
Illinois 60601, to be the Fund's independent accountants, effective May 18,
2000. PricewaterhouseCoopers LLP, located at 200 East Randolph Drive, Chicago,
Illinois 60601 ("PWC"), ceased being the Fund's independent accountants
effective May 18, 2000. The cessation of the client-auditor relationship between
the Fund and PWC was based solely on a possible future business relationship by
PWC with an affiliate of the Fund's investment adviser. The change in
independent accountants was approved by the Fund's audit committee and the
Fund's Board of Directors, including Directors who are not "interested persons"
of the Fund (as defined in the 1940 Act).
RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
