SUPPLEMENT DATED JULY 25, 2003 TO THE
STATEMENT OF ADDITIONAL INFORMATION DATED JANUARY 30, 2003
VAN KAMPEN TAX FREE TRUST, ON BEHALF OF EACH OF ITS SERIES,
VAN KAMPEN CALIFORNIA INSURED TAX FREE INCOME FUND
VAN KAMPEN INSURED TAX FREE INCOME FUND
VAN KAMPEN INTERMEDIATE TERM MUNICIPAL INCOME FUND
VAN KAMPEN MUNICIPAL INCOME FUND
VAN KAMPEN NEW YORK TAX FREE INCOME FUND
VAN KAMPEN STRATEGIC MUNICIPAL INCOME FUND
STATEMENT OF ADDITIONAL INFORMATION DATED JANUARY 30, 2003
VAN KAMPEN PENNSYLVANIA TAX FREE INCOME FUND
STATEMENT OF ADDITIONAL INFORMATION DATED JANUARY 30, 2003,
VAN KAMPEN GOVERNMENT SECURITIES FUND
STATEMENT OF ADDITIONAL INFORMATION DATED MARCH 28, 2003,
VAN KAMPEN GROWTH AND INCOME FUND
STATEMENT OF ADDITIONAL INFORMATION DATED MARCH 28, 2003
VAN KAMPEN TAX-EXEMPT TRUST ON BEHALF OF ITS SERIES,
VAN KAMPEN HIGH YIELD MUNICIPAL FUND
STATEMENT OF ADDITIONAL INFORMATION DATED APRIL 30, 2003
VAN KAMPEN COMSTOCK FUND
VAN KAMPEN ENTERPRISE FUND
VAN KAMPEN EQUITY AND INCOME FUND
VAN KAMPEN HARBOR FUND
VAN KAMPEN LIMITED MATURITY GOVERNMENT FUND
VAN KAMPEN REAL ESTATE SECURITIES FUND
STATEMENT OF ADDITIONAL INFORMATION DATED APRIL 30, 2003
VAN KAMPEN U.S. GOVERNMENT TRUST ON BEHALF OF ITS SERIES,
VAN KAMPEN U.S. GOVERNMENT FUND
STATEMENT OF ADDITIONAL INFORMATION DATED APRIL 30, 2003
VAN KAMPEN LIFE INVESTMENT TRUST ON BEHALF OF EACH OF SERIES,
AGGRESSIVE GROWTH PORTFOLIO
COMSTOCK PORTFOLIO
EMERGING GROWTH PORTFOLIO
ENTERPRISE PORTFOLIO
GOVERNMENT PORTFOLIO
GROWTH AND INCOME PORTFOLIO
MONEY MARKET PORTFOLIO
STATEMENT OF ADDITIONAL INFORMATION DATED SEPTEMBER 27, 2002
AS PREVIOUSLY SUPPLEMENTED ON OCTOBER 31, 2002
VAN KAMPEN RESERVE FUND
STATEMENT OF ADDITIONAL INFORMATION DATED OCTOBER 25, 2002
AS PREVIOUSLY SUPPLEMENTED ON OCTOBER 31, 2002
VAN KAMPEN PACE FUND
STATEMENT OF ADDITIONAL INFORMATION DATED OCTOBER 25, 2002
AS PREVIOUSLY SUPPLEMENTED ON OCTOBER 31, 2002
VAN KAMPEN TAX FREE MONEY FUND
STATEMENT OF ADDITIONAL INFORMATION DATED DECEMBER 27, 2002
VAN KAMPEN CORPORATE BOND FUND
VAN KAMPEN HIGH INCOME CORPORATE BOND FUND
STATEMENT OF ADDITIONAL INFORMATION DATED DECEMBER 30, 2002
VAN KAMPEN EMERGING GROWTH FUND
STATEMENT OF ADDITIONAL INFORMATION DATED DECEMBER 30, 2002
VAN KAMPEN EQUITY TRUST II ON BEHALF OF ITS SERIES
VAN KAMPEN TECHNOLOGY FUND
VAN KAMPEN INTERNATIONAL ADVANTAGE FUND
STATEMENT OF ADDITIONAL INFORMATION DATED DECEMBER 30, 2002
AS PREVIOUSLY SUPPLEMENTED ON FEBRUARY 5, 2003
VAN KAMPEN EQUITY TRUST II ON BEHALF OF ITS SERIES
VAN KAMPEN TAX MANAGED EQUITY GROWTH FUND
The Statement of Additional Information is hereby supplemented as follows:
The section entitled "TRUSTEES AND OFFICERS" is hereby amended by deleting
all trustee and officer biographical information in its entirety and replacing
it with the following:
TRUSTEES AND OFFICERS
The business and affairs of the Fund are managed under the direction of the
Fund's Board of Trustees and the Fund's officers appointed by the Board of
Trustees. The tables below list the trustees and executive officers of the Fund
and their principal occupations during the last five years, other directorships
held by trustees and their affiliations, if any, with Van Kampen Investments
Inc. ("Van Kampen Investments"), Van Kampen Investment Advisory Corp. ("Advisory
Corp."), Van Kampen Asset Management Inc. ("Asset Management"), Van Kampen Funds
Inc. (the "Distributor"), Van Kampen Advisors Inc., Van Kampen Exchange Corp.
and Van Kampen Investor Services Inc. ("Investor Services"). Advisory Corp. and
Asset Management sometimes are referred to herein collectively as the
"Advisers." The term "Fund Complex" includes each of the investment companies
advised by the Advisers or their affiliates as of the date of this Statement of
Additional Information. Trustees serve until reaching their retirement age or
until their successors are duly elected and qualified. Officers are annually
elected by the trustees.
INDEPENDENT TRUSTEES
NUMBER OF
TERM OF FUNDS IN
OFFICE AND FUND
POSITION(S) LENGTH OF COMPLEX
NAME, AGE AND ADDRESS HELD WITH TIME PRINCIPAL OCCUPATION(S) OVERSEEN OTHER DIRECTORSHIPS
OF INDEPENDENT TRUSTEE FUND SERVED DURING PAST 5 YEARS BY TRUSTEE HELD BY TRUSTEE
David C. Arch (58) Trustee + Chairman and Chief Executive 91 Trustee/Director/
Blistex Inc. Officer of Blistex Inc., a Managing General
1800 Swift Drive consumer health care products Partner of funds in
Oak Brook, IL 60523 manufacturer. Former Director of the Fund Complex.
the World Presidents
Organization-Chicago Chapter.
Director of the Heartland
Alliance, a nonprofit
organization serving human needs
based in Chicago.
J. Miles Branagan (71) Trustee + Private investor. Co-founder, and 89 Trustee/Director/
1632 Morning Mountain Road prior to August 1996, Chairman, Managing General
Raleigh, NC 27614 Chief Executive Officer and Partner of funds in
President, MDT Corporation (now the Fund Complex.
known as Getinge/ Castle, Inc., a
subsidiary of Getinge Industrier
AB), a company which develops,
manufactures, markets and
services medical and scientific
equipment.
Jerry D. Choate (64) Trustee + Prior to January 1999, Chairman 89 Trustee/Director/
33971 Selva Road and Chief Executive Officer of Managing General
Suite 130 the Allstate Corporation Partner of funds in
Dana Point, CA 92629 ("Allstate") and Allstate the Fund Complex.
Insurance Company. Prior to Director of Amgen
January 1995, President and Chief Inc., a
Executive Officer of Allstate. biotechnological
Prior to August 1994, various company, and Director
management positions at Allstate. of Valero Energy
Corporation, an
independent refining
company.
NUMBER OF
TERM OF FUNDS IN
OFFICE AND FUND
POSITION(S) LENGTH OF COMPLEX
NAME, AGE AND ADDRESS HELD WITH TIME PRINCIPAL OCCUPATION(S) OVERSEEN OTHER DIRECTORSHIPS
OF INDEPENDENT TRUSTEE FUND SERVED DURING PAST 5 YEARS BY TRUSTEE HELD BY TRUSTEE
Rod Dammeyer (62) Trustee + President of CAC, llc., a private 91 Trustee/Director/
CAC, llc. company offering capital Managing General
4350 LaJolla Village Drive investment and management Partner of funds in
Suite 980 advisory services. Prior to July the Fund Complex.
San Diego, CA 92122-6223 2000, Managing Partner of Equity Director of TeleTech
Group Corporate Investment (EGI), Holdings Inc.,
a company that makes private Stericycle, Inc.,
investments in other companies. TheraSense, Inc.,
GATX Corporation,
Arris Group, Inc. and
Trustee of the
University of Chicago
Hospitals and Health
Systems. Prior to May
2002, Director of
Peregrine Systems
Inc. Prior to
February 2001, Vice
Chairman and Director
of Anixter
International, Inc.
and IMC Global Inc.
Prior to July 2000,
Director of Allied
Riser Communications
Corp., Matria
Healthcare Inc.,
Transmedia Networks,
Inc., CNA Surety,
Corp. and Grupo
Azcarero Mexico
(GAM). Prior to April
1999, Director of
Metal Management,
Inc.
Linda Hutton Heagy (55) Trustee + Managing Partner of Heidrick & 89 Trustee/Director/
Heidrick & Struggles Struggles, an executive search Managing General
233 South Wacker Drive firm. Trustee on the University Partner of funds in
Suite 7000 of Chicago Hospitals Board, Vice the Fund Complex.
Chicago, IL 60606 Chair of the Board of the YMCA of
Metropolitan Chicago and a member
of the Women's Board of the
University of Chicago. Prior to
1997, Partner of Ray & Berndtson,
Inc., an executive recruiting
firm. Prior to 1996, Trustee of
The International House Board, a
fellowship and housing
organization for international
graduate students. Prior to 1995,
Executive Vice President of ABN
AMRO, N.A., a bank holding
company. Prior to 1992, Executive
Vice President of La Salle
National Bank.
NUMBER OF
TERM OF FUNDS IN
OFFICE AND FUND
POSITION(S) LENGTH OF COMPLEX
NAME, AGE AND ADDRESS HELD WITH TIME PRINCIPAL OCCUPATION(S) OVERSEEN OTHER DIRECTORSHIPS
OF INDEPENDENT TRUSTEE FUND SERVED DURING PAST 5 YEARS BY TRUSTEE HELD BY TRUSTEE
R. Craig Kennedy (51) Trustee + Director and President of the 89 Trustee/Director/
11 DuPont Circle, N.W. German Marshall Fund of the Managing General
Washington, D.C. 20016 United States, an independent Partner of funds in
U.S. foundation created to deepen the Fund Complex.
understanding, promote
collaboration and stimulate
exchanges of practical experience
between Americans and Europeans.
Formerly, advisor to the Dennis
Trading Group Inc., a managed
futures and option company that
invests money for individuals and
institutions. Prior to 1992,
President and Chief Executive
Officer, Director and member of
the Investment Committee of the
Joyce Foundation, a private
foundation.
Howard J Kerr (67) Trustee + Prior to 1998, President and 91 Trustee/Director/
736 North Western Avenue Chief Executive Officer of Managing General
P.O. Box 317 Pocklington Corporation, Inc., an Partner of funds in
Lake Forest, IL 60045 investment holding company. the Fund Complex.
Director of the Marrow Foundation Director of the Lake
Forest Bank & Trust.
Jack E. Nelson (67) Trustee + President of Nelson Investment 89 Trustee/Director/
423 Country Club Drive Planning Services, Inc., a Managing General
Winter Park, FL 32789 financial planning company and Partner of funds in
registered investment adviser in the Fund Complex.
the State of Florida. President
of Nelson Ivest Brokerage
Services Inc., a member of the
NASD, Securities Investors
Protection Corp. and the
Municipal Securities Rulemaking
Board. President of Nelson Sales
and Services Corporation, a
marketing and services company to
support affiliated companies.
Hugo F. Sonnenschein (62) Trustee + President Emeritus and Honorary 91 Trustee/Director/
1126 E. 59th Street Trustee of the University of Managing General
Chicago, IL 60637 Chicago and the Adam Smith Partner of funds in
Distinguished Service Professor the Fund Complex.
in the Department of Economics at Director of Winston
the University of Chicago. Prior Laboratories, Inc.
to July 2000, President of the
University of Chicago. Trustee of
the University of Rochester and a
member of its investment
committee. Member of the National
Academy of Sciences, the American
Philosophical Society and a
fellow of the American Academy of
Arts and Sciences.
NUMBER OF
TERM OF FUNDS IN
OFFICE AND FUND
POSITION(S) LENGTH OF COMPLEX
NAME, AGE AND ADDRESS HELD WITH TIME PRINCIPAL OCCUPATION(S) OVERSEEN OTHER DIRECTORSHIPS
OF INDEPENDENT TRUSTEE FUND SERVED DURING PAST 5 YEARS BY TRUSTEE HELD BY TRUSTEE
Suzanne H. Woolsey (61) Trustee + Chief Communications Officer of 89 Trustee/Director/
2101 Constitution Ave., the National Academy of Sciences/ Managing General
N.W. National Research Council, an Partner of funds in
Room 285 independent, federally chartered the Fund Complex.
Washington, D.C. 20418 policy institution, since 2001 Director of Neurogen
and previously Chief Operating Corporation, a
Officer from 1993 to 2001. pharmaceutical
Director of the Institute for company, since
Defense Analyses, a federally January 1998.
funded research and development
center, Director of the German
Marshall Fund of the United
States, and Trustee of Colorado
College. Prior to 1993, Executive
Director of the Commission on
Behavioral and Social Sciences
and Education at the National
Academy of Sciences/ National
Research Council. From 1980
through 1989, Partner of Coopers
& Lybrand.
INTERESTED TRUSTEES*
NUMBER OF
TERM OF FUNDS IN
OFFICE AND FUND
POSITION(S) LENGTH OF COMPLEX
NAME, AGE AND ADDRESS HELD WITH TIME PRINCIPAL OCCUPATION(S) OVERSEEN OTHER DIRECTORSHIPS
OF INTERESTED TRUSTEE FUND SERVED DURING PAST 5 YEARS BY TRUSTEE HELD BY TRUSTEE
Mitchell M. Merin* (49) Trustee, + President and Chief Executive 89 Trustee/Director/
1221 Avenue of the President Officer of funds in the Fund Managing General
Americas and Chief Complex. Chairman, President, Partner of funds in
New York, NY 10020 Executive Chief Executive Officer and the Fund Complex.
Officer Director of the Advisers and VK
Advisors Inc. since December
2002. Chairman, President and
Chief Executive Officer of Van
Kampen Investments since December
2002. Director of Van Kampen
Investments since December 1999.
Chairman and Director of Van
Kampen Funds Inc. since December
2002. President, Director and
Chief Operating Officer of Morgan
Stanley Investment Management
since December 1998. President
and Director since April 1997 and
Chief Executive Officer since
June 1998 of Morgan Stanley
Investment Advisors Inc. and
Morgan Stanley Services Company
Inc. Chairman, Chief Executive
Officer and Director of Morgan
Stanley Distributors Inc. since
June 1998. Chairman since June
1998, and Director since January
1998 of Morgan Stanley Trust.
Director of various Morgan
Stanley subsidiaries. President
of the Morgan Stanley Funds since
May 1999. Previously Chief
Executive Officer of Van Kampen
Funds Inc. from December 2002 to
July 2003, Chief Strategic
Officer of Morgan Stanley
Investment Advisors Inc. and
Morgan Stanley Services Company
Inc. and Executive Vice President
of Morgan Stanley Distributors
Inc. from April 1997 to June
1998. Chief Executive Officer
from September 2002 to April 2003
and Vice President from May 1997
to April 1999 of the Morgan
Stanley Funds.
Richard F. Powers, III* Trustee + Advisory Director of Morgan 91 Trustee/Director/
(57) Stanley. Prior to December 2002, Managing General
1 Parkview Plaza Chairman, Director, President, Partner of funds in
P.O. Box 5555 Chief Executive Officer and the Fund Complex.
Oakbrook Terrace, IL 60181 Managing Director of Van Kampen
Investments and its investment
advisory, distribution and other
subsidiaries. Prior to December
2002, President and Chief
Executive Officer of funds in the
Fund Complex. Prior to May 1998,
Executive Vice President and
Director of Marketing at Morgan
Stanley and Director of Dean
Witter, Discover & Co. and Dean
Witter Realty. Prior to 1996,
Director of Dean Witter Reynolds
Inc.
NUMBER OF
TERM OF FUNDS IN
OFFICE AND FUND
POSITION(S) LENGTH OF COMPLEX
NAME, AGE AND ADDRESS HELD WITH TIME PRINCIPAL OCCUPATION(S) OVERSEEN OTHER DIRECTORSHIPS
OF INTERESTED TRUSTEE FUND SERVED DURING PAST 5 YEARS BY TRUSTEE HELD BY TRUSTEE
Wayne W. Whalen* (63) Trustee + Partner in the law firm of 91 Trustee/Director/
333 West Wacker Drive Skadden, Arps, Slate, Meagher & Managing General
Chicago, IL 60606 Flom (Illinois), legal counsel to Partner of funds in
funds in the Fund Complex. the Fund Complex.
------------------------------------
+ The year of appointment (or election) is specified in each current Fund's
Statement of Additional Information except Messrs. David Arch, Rod Dammeyer,
Howard J Kerr, and Hugo Sonnenschein who were appointed to the Funds effective
July 24, 2003.
* 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 certain funds in the
Fund Complex by reason of his firm currently acting as legal counsel to such
funds in the Fund Complex. Messrs. Merin and Powers are interested persons of
funds in the Fund Complex and the Advisers by reason of their current or
former positions with Morgan Stanley or its affiliates.
OFFICERS
TERM OF
OFFICE AND
POSITION(S) LENGTH OF
NAME, AGE AND HELD WITH TIME PRINCIPAL OCCUPATION(S)
ADDRESS OF OFFICER FUND SERVED DURING PAST 5 YEARS
Stephen L. Boyd (62) Vice President ++ Managing Director of Global Research Investment Management.
2800 Post Oak Blvd. Vice President of funds in the Fund Complex. Prior to
45th Floor December 2002, Chief Investment Officer of Van Kampen
Houston, TX 77056 Investments and President and Chief Operations Officer of
the Advisers and Van Kampen Advisors Inc. Prior to May 2002,
Executive Vice President and Chief Investment Officer of
funds in the Fund Complex. Prior to May 2001, Managing
Director and Chief Investment Officer of Van Kampen
Investments, and Managing Director and President of the
Advisers and Van Kampen Advisors Inc. Prior to December
2000, Executive Vice President and Chief Investment Officer
of Van Kampen Investments, and President and Chief Operating
Officer of the Advisers. Prior to April 2000, Executive Vice
President and Chief Investment Officer for Equity
Investments of the Advisers. Prior to October 1998, Vice
President and Senior Portfolio Manager with AIM Capital
Management, Inc. Prior to February 1998, Senior Vice
President and Portfolio Manager of Van Kampen American
Capital Asset Management, Inc., Van Kampen American Capital
Investment Advisory Corp. and Van Kampen American Capital
Management, Inc.
Stefanie V. Chang (36) Vice President ++ Executive Director of Morgan Stanley Investment Management.
Vice President of funds in the Fund Complex.
Joseph J. McAlinden (60) Executive Vice ++ Managing Director and Chief Investment Officer of Morgan
1221 Avenue of the Americas President and Stanley Investment Advisors Inc., Morgan Stanley Investment
New York, NY 10020 Chief Investment Management Inc. and Morgan Stanley Investments LP and
Officer Director of Morgan Stanley Trust for over 5 years. Executive
Vice President and Chief Investment Officer of funds in the
Fund Complex. Managing Director and Chief Investment Officer
of Van Kampen Investments, the Advisers and Van Kampen
Advisors Inc. since December 2002.
TERM OF
OFFICE AND
POSITION(S) LENGTH OF
NAME, AGE AND HELD WITH TIME PRINCIPAL OCCUPATION(S)
ADDRESS OF OFFICER FUND SERVED DURING PAST 5 YEARS
John R. Reynoldson (50) Vice President ++ Executive Director and Portfolio Specialist of the Advisers
1 Parkview Plaza and Van Kampen Advisors Inc. Vice President of funds in the
P.O. Box 5555 Fund Complex. Prior to July 2001, Principal and Co-head of
Oakbrook Terrace, IL 60181 the Fixed Income Department of the Advisers and Van Kampen
Advisors Inc. Prior to December 2000, Senior Vice President
of the Advisers and Van Kampen Advisors Inc. Prior to May
2000, Senior Vice President of the investment grade taxable
group for the Advisers. Prior to June 1999, Senior Vice
President of the government securities bond group for Asset
Management.
Ronald E. Robison (64) Executive Vice ++ Chief Executive Officer and Chairman of Investor Services.
1221 Avenue of the Americas President and Executive Vice President and Principal Executive Officer of
New York, NY 10020 Principal funds in the Fund Complex. Chief Global Operations Officer
Executive and Managing Director of Morgan Stanley Investment
Officer Management Inc. Managing Director of Morgan Stanley.
Managing Director and Director of Morgan Stanley Investment
Advisors Inc. and Morgan Stanley Services Company Inc. Chief
Executive Officer and Director of Morgan Stanley Trust. Vice
President of the Morgan Stanley Funds.
A. Thomas Smith III (46) Vice President and ++ Managing Director of Morgan Stanley, Managing Director and
1221 Avenue of the Americas Secretary Director of Van Kampen Investments, Director of the
New York, NY 10020 Advisers, Van Kampen Advisors Inc., the Distributor,
Investor Services and certain other subsidiaries of Van
Kampen Investments. Managing Director and General
Counsel-Mutual Funds of Morgan Stanley Investment Advisors,
Inc. Vice President and Secretary of funds in the Fund
Complex. Prior to July 2001, Managing Director, General
Counsel, Secretary and Director of Van Kampen Investments,
the Advisers, the Distributor, Investor Services, and
certain other subsidiaries of Van Kampen Investments. Prior
to December 2000, Executive Vice President, General Counsel,
Secretary and Director of Van Kampen Investments, the
Advisers, Van Kampen Advisors Inc., the Distributor,
Investor Services and certain other subsidiaries of Van
Kampen Investments. Prior to January 1999, Vice President
and Associate General Counsel to New York Life Insurance
Company ("New York Life"), and prior to March 1997,
Associate General Counsel of New York Life. Prior to
December 1993, Assistant General Counsel of The Dreyfus
Corporation. Prior to August 1991, Senior Associate, Willkie
Farr & Gallagher. Prior to January 1989, Staff Attorney at
the Securities and Exchange Commission, Division of
Investment Management, Office of Chief Counsel.
John L. Sullivan (47) Vice President, ++ Director and Managing Director of Van Kampen Investments,
1 Parkview Plaza Chief Financial the Advisers, Van Kampen Advisors Inc. and certain other
P.O. Box 5555 Officer and subsidiaries of Van Kampen Investments. Vice President,
Oakbrook Terrace, IL 60181 Treasurer Chief Financial Officer and Treasurer of funds in the Fund
Complex. Head of Fund Accounting for Morgan Stanley
Investment Management. Prior to December 2002, Executive
Director of Van Kampen Investments, the Advisers and Van
Kampen Advisors Inc.
------------------------------------
++ The year of appointment (or election) is specified in each current Fund's
Statement of Additional Information.
RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
MF SPT SAI 7/03