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VAN KAMPEN GLOBAL MANAGED ASSETS FUND
SUPPLEMENT DATED AUGUST 26, 1999
TO THE PROSPECTUS DATED APRIL 30, 1999,
AS PREVIOUSLY SUPPLEMENTED ON MAY 3, 1999
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The fourth paragraph in the section of the Prospectus entitled "INVESTMENT
ADVISORY SERVICES-PORTFOLIO MANAGERS" is deleted in its entirety and replaced
with the following:
J. David Germany, Michael B. Kushma, Paul E. O'Brien, Ram Willner and
Christian Roth are responsible for the day-to-day management of the fixed income
portion of the Fund's investment portfolio.
The following paragraphs are added to the section of the Prospectus entitled
"INVESTMENT ADVISORY SERVICES-PORTFOLIO MANAGERS:"
Ram Willner, a Principal of Morgan Stanley & Co. Incorporated, joined MAS in
April 1998. He was a Market Strategist/Risk Control Manager and Director of
International Bond Research with Pacific Investment Management Company. Mr.
Willner and was a Senior Quantitative Analyst for Sanford C. Bernstein & Co.
from 1992 through 1994 and a Vice President of Citibank, N.A. prior to 1992. Mr.
Willner holds a B.A. from Brandeis University, and M.S.I.A. from Carnegie-
Mellon University and D.B.A. from Harvard University.
Christian G. Roth, a Principal of Morgan Stanley & Co. Incorporated, joined
MAS in 1991. He has been a Portfolio Manager with MAS since 1993. Prior to
joining MAS, Mr. Roth served as a Senior Associate in the Merchant Banking Group
of Dean Witter Capital Corporation. Mr. Roth received a B.S. from the Wharton
School of Business at the University of Pennsylvania. He is a Chartered
Financial Analyst and a member of the Financial Analysts of Philadelphia.
Messrs. Germany, Kushma and O'Brien have been co-managers since April 1997.
Messrs. Willner and Roth have been co-managers of the Fund since April 1998 and
September 1998 respectively.
