SUPPLEMENT TO THIS PROSPECTUS
Notwithstanding anything to the contrary in the Prospectus, holders of
units in any unit investment trust sponsored by Van Kampen Merritt Inc.,
subject to certain limitations, have an opportunity to convert such units
or a portion thereof into Units of this Trust at a price based on a lower
sales charge than that available to the general public who might decide to
purchase Units of the Trust.
To exercise this conversion option, the unitholder must notify the
Sponsor or any other dealer who is at that time making a market in such
units of his or her desire to exercise the option to convert the proceeds
from the sale of his or her units to the purchase of Units in the Trust.
Units of the Trust purchased under the conversion option will be acquired
at a price based on the value of the underlying securities (including any
principal cash then held) in the Trust plus a sales charge of 2.564%
(equivalent to 2.5% of the Public Offering Price). To be able to exercise
this conversion option, unitholders must have owned the units being
converted for at least eight months prior to the proposed date of
conversion or such privilege is not available to them.
Conversion transactions will only be effected in whole Units; thus,
any proceeds not used to acquire whole Units will be paid to the selling
unitholder in cash. In addition, the conversion option is subject to the
following: There must be a secondary market maintained in the units being
sold, and likewise, there must be Units in the secondary market in the
Trust available for sale. Therefore, there is no assurance that a market
for such units or Trust Units will in fact exist on any given date on
which a unitholder wishes to sell his or her units and thus there is no
assurance that the conversion privilege will be available to a unitholder.
Consequently, the Sponsor is obligated to reserve the right to modify,
suspend or terminate this plan at any time without further notice to
any unitholders.
Unitholders should be aware that a conversion under the conversion
option includes a sale of his or her units in the existing trust, thus
creating a taxable event.
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