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SUPPLEMENT DATED JANUARY 11, 2000 TO THE
STATEMENT OF ADDITIONAL INFORMATION DATED APRIL 29, 1999
THE EXPLORER INSTITUTIONAL TRUST ON BEHALF OF ITS SERIES:
EXPLORER INSTITUTIONAL ACTIVE CORE FUND
EXPLORER INSTITUTIONAL LIMITED DURATION FUND
The section of the Statement of Additional Information entitled TRUSTEES AND
OFFICERS is hereby supplemented by deleting Don G. Powell's biography and adding
Richard F. Powers, III's biography, as set forth below, effective August 9,
1999.
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Richard F. Powers, III*................... Chairman, President and Chief
1 Parkview Plaza Executive Officer of Van Kampen
P.O. Box 5555 Investments. Chairman, Director
Oakbrook Terrace, IL 60181-5555 and Chief Executive Officer of
Date of Birth: 02/02/46 the Advisers, the Distributor,
Van Kampen Advisors Inc. and
Van Kampen Management Inc.
Director and officer of certain
other subsidiaries of Van
Kampen Investments. President
of each fund in the Fund
Complex. Trustee and Chairman
of the Board of each Fund in
the Fund Complex (except the
Van Kampen Exchange Fund).
Trustee/Director of the Board
and President of other
investment companies advised by
the Advisers and their
affiliates, and Chief Executive
Officer of Van Kampen Exchange
Fund. Prior to May 1998,
Executive Vice President and
Director of Marketing at Morgan
Stanley Dean Witter and
Director of Dean Witter
Discover & Co. and Dean Witter
Realty. Prior to 1996, Director
of Dean Witter Reynolds Inc.
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The footnote immediately following the biographies of the trustees is hereby
deleted and replaced in its entirety by the following:
* Such trustee is an "interested person" (within the meaning of Section
2(a)(19) of the 1940 Act). Mr. Whalen is an interested person of each of the
Funds in the Fund Complex by reason of his firm currently acting as counsel to
each of the Funds in the Fund Complex. Messr. Powers is an interested person of
each of the Funds in the Fund Complex and the Advisers by reason of his position
with Morgan Stanley Dean Witter or its affiliates.
