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VAN KAMPEN AMERICAN CAPITAL
SUPPLEMENT DATED JANUARY 2, 1998 TO THE
STATEMENT OF ADDITIONAL INFORMATION DATED APRIL 30, 1997, AS PREVIOUSLY
SUPPLEMENTED ON JULY 21, 1997
VKAC REAL ESTATE SECURITIES FUND
The Distributor has entered into an agreement with The Prudential Insurance
Company of America under which the Fund shall be offered pursuant to the
PruArray Program. Trustees and other fiduciaries of retirement plans seeking to
invest in multiple fund families through broker-dealer retirement plan alliance
programs should contact Prudential for further information concerning the
PruArray Program including, but not limited to, minimum size and operational
requirements.
