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<PAGE> 1
VAN KAMPEN AMERICAN CAPITAL
GLOBAL MANAGED ASSETS FUND
SUPPLEMENT DATED NOVEMBER 27, 1995, TO THE
STATEMENT OF ADDITIONAL INFORMATION DATED AUGUST 7, 1995.
The section of the Statement of Additional Information captioned "GENERAL
INFORMATION" is hereby supplemented as follows:
From time to time marketing materials may provide a portfolio manager
update on the Fund or discuss general economic conditions. The top 10
holdings of the Fund may also be listed in marketing pieces.
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