VANTIVE CORP
424B2, 1998-04-09
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 of           Number of Shares of Common Stock 
                                Notes Owned and        ----------------------------------------------
Selling Stockholder(1)          Offered Hereby        Beneficially Owned(1)(2)     Offered Hereby(2)
- ----------------------        -------------------     ------------------------     -----------------
<S>                                <C>                         <C>                      <C>
Hambrecht & Quist LLC(3)           $75,000                     1,788                    1,788

</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.

(3)  Hambrecht & Quist LLC acted as an Initial Purchaser in the Original
     Offering and was a lead underwriter in the Company's 1995 initial public
     offering.

     The date of this Prospectus Supplement is April 9, 1998.




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