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VAN KAMPEN GLOBAL MANAGED ASSETS FUND
SUPPLEMENT DATED MAY 2, 2000
TO THE PROSPECTUS DATED APRIL 28, 2000.
The Prospectus is supplemented with the following:
The Board of Trustees has continuously reviewed the investment
policies and practices, performance, expenses and reduced net assets of the
Van Kampen Global Managed Assets Fund (the "Fund"). In connection
therewith, the Board 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 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. The Plan of Liquidation will be presented to the shareholders of the
Fund for approval. As a result of the Board's approval, the Fund suspended
the continuous offering of its shares to new investors of the Fund
effective at the close of business February 2, 2000. 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.
