VANTIVE CORP
424B2, 1998-07-14
PREPACKAGED SOFTWARE
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<PAGE>   1
                                         FILED UNDER RULE 424(c) OF REGULATION C
                                                      SEC FILE NUMBER: 333-40449

PROSPECTUS SUPPLEMENT
(TO PROSPECTUS DATED DECEMBER 3, 1997)

                                  $69,000,000

                            THE VANTIVE CORPORATION

                 4.75% CONVERTIBLE SUBORDINATED NOTES DUE 2002

     The information in this Prospectus Supplement concerning the Selling
Holders supplements the statement set forth under the caption "Selling Holders"
in the Prospectus Capitalized items used and not defined herein shall have the
meanings given to them in the Prospectus.

                                SELLING HOLDERS

     The information set forth under the caption "Selling Holders" in the
Prospectus is supplemented as follows:

<TABLE>
<CAPTION>
                                                  PRINCIPAL AMOUNT      NUMBER OF SHARES OF COMMON STOCK
                                                   OF NOTES OWNED       --------------------------------
                                                         AND              BENEFICIALLY       OFFERED
           SELLING STOCKHOLDER(1)                  OFFERED HEREBY         OWNED(1)(2)        HEREBY(2)
           ----------------------                 ----------------        ------------       ---------
<S>                                                   <C>                    <C>              <C>
Donaldson, Lufkin & Jenrette Securities Corp.         $750,000               17,886           17,886
</TABLE>
- -------------

(1)  Information concerning the Selling Holders may change from time to time and
     any such changed information will be set forth in supplements to this
     Prospectus if and when necessary. In addition, the per share conversion
     price, and therefor the number of shares issuable upon conversion of the
     Notes, is subject to adjustment under certain circumstances. Accordingly,
     the aggregate principal amount of Notes and the number of shares of Common
     Stock issuable upon conversion thereof offered hereby may increase or
     decrease.

(2)  Assumes a conversion price of $41.93 per share, and a cash payment in lieu
     of any fractional share interest.

     The date of this Prospectus Supplement is July 14, 1998.


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