SUPPLEMENT DATED NOVEMBER 20, 2007 TO THE
CLASS A SHARES, CLASS B SHARES AND CLASS C SHARES PROSPECTUS
DATED NOVEMBER 30, 2006
VAN KAMPEN SENIOR LOAN FUND,
AS PREVIOUSLY SUPPLEMENTED ON APRIL 16, 2007
DATED DECEMBER 29, 2006
VAN KAMPEN STRATEGIC GROWTH FUND,
AS PREVIOUSLY SUPPLEMENTED ON SEPTEMBER 20, 2007
VAN KAMPEN CORPORATE BOND FUND,
AS PREVIOUSLY SUPPLEMENTED ON MARCH 28, 2007
VAN KAMPEN HIGH YIELD FUND,
AS PREVIOUSLY SUPPLEMENTED ON JUNE 1, 2007
VAN KAMPEN EQUITY TRUST II
ON BEHALF OF EACH OF ITS SERIES,
VAN KAMPEN AMERICAN FRANCHISE FUND,
AS PREVIOUSLY SUPPLEMENTED ON MAY 2, 2007
VAN KAMPEN EQUITY PREMIUM INCOME FUND
VAN KAMPEN INTERNATIONAL ADVANTAGE FUND
VAN KAMPEN INTERNATIONAL GROWTH FUND
VAN KAMPEN TECHNOLOGY FUND
DATED JANUARY 22, 2007
VAN KAMPEN TRUST
ON BEHALF OF ITS SERIES,
VAN KAMPEN CORE PLUS FIXED INCOME FUND
DATED JANUARY 31, 2007
VAN KAMPEN PENNSYLVANIA TAX FREE INCOME FUND
VAN KAMPEN GOVERNMENT SECURITIES FUND
VAN KAMPEN TAX FREE TRUST,
ON BEHALF OF EACH OF ITS SERIES,
VAN KAMPEN CALIFORNIA INSURED TAX FREE 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,
AS PREVIOUSLY SUPPLEMENTED ON JANUARY 31, 2007 AND AUGUST 24, 2007
DATED MARCH 30, 2007
VAN KAMPEN GROWTH AND INCOME FUND
VAN KAMPEN TAX-EXEMPT TRUST,
ON BEHALF OF ITS SERIES,
VAN KAMPEN HIGH YIELD MUNICIPAL FUND,
AS PREVIOUSLY SUPPLEMENTED ON MARCH 30, 2007, AUGUST 24, 2007 AND OCTOBER 3,
2007
DATED APRIL 30, 2007
VAN KAMPEN COMSTOCK FUND,
AS PREVIOUSLY SUPPLEMENTED ON JULY 17, 2007
VAN KAMPEN ENTERPRISE FUND
VAN KAMPEN HARBOR FUND
VAN KAMPEN LIMITED DURATION FUND
VAN KAMPEN REAL ESTATE SECURITIES FUND,
AS PREVIOUSLY SUPPLEMENTED ON APRIL 30, 2007
VAN KAMPEN EQUITY AND INCOME FUND,
AS PREVIOUSLY SUPPLEMENTED ON JULY 23, 2007
VAN KAMPEN U.S. GOVERNMENT TRUST,
ON BEHALF OF ITS SERIES,
VAN KAMPEN U.S. MORTGAGE FUND
DATED JULY 31, 2007
VAN KAMPEN EQUITY TRUST,
ON BEHALF OF EACH OF ITS SERIES,
VAN KAMPEN AGGRESSIVE GROWTH FUND,
VAN KAMPEN SELECT GROWTH FUND
VAN KAMPEN SMALL CAP GROWTH FUND
EACH AS PREVIOUSLY SUPPLEMENTED ON SEPTEMBER 20, 2007
VAN KAMPEN ASSET ALLOCATION CONSERVATIVE FUND
VAN KAMPEN ASSET ALLOCATION MODERATE FUND
VAN KAMPEN ASSET ALLOCATION GROWTH FUND
VAN KAMPEN DISCIPLINED SMALL CAP VALUE FUND
VAN KAMPEN LEADERS FUND
VAN KAMPEN MID CAP GROWTH FUND
VAN KAMPEN SMALL CAP VALUE FUND
VAN KAMPEN VALUE OPPORTUNITIES FUND
VAN KAMPEN UTILITY FUND
DATED AUGUST 15, 2007
VAN KAMPEN EQUITY TRUST,
ON BEHALF OF ITS SERIES,
VAN KAMPEN CORE EQUITY FUND
DATED OCTOBER 31, 2007
VAN KAMPEN PACE FUND
VAN KAMPEN SERIES FUND, INC.,
ON BEHALF OF EACH OF ITS SERIES,
VAN KAMPEN AMERICAN VALUE FUND
VAN KAMPEN EMERGING MARKETS FUND
VAN KAMPEN EQUITY GROWTH FUND
VAN KAMPEN GLOBAL EQUITY ALLOCATION FUND
VAN KAMPEN GLOBAL FRANCHISE FUND,
AS PREVIOUSLY SUPPLEMENTED ON OCTOBER 31, 2007
VAN KAMPEN GLOBAL VALUE EQUITY FUND
The first paragraph of the sub-section entitled "PURCHASE OF SHARES --
CLASS A SHARES PURCHASE PROGRAMS -- UNIT INVESTMENT TRUST REINVESTMENT
PROGRAM"is hereby deleted and replaced with the following:
UNIT INVESTMENT TRUST REINVESTMENT PROGRAM. The Fund permits unitholders
of Van Kampen unit investment trusts that enrolled in the reinvestment
program prior to December 3, 2007 to reinvest distributions from such
trusts in Class A Shares of the Fund at net asset value without a sales
charge. Effective December 3, 2007, this program is no longer available for
new enrollments. The Fund reserves the right to modify or terminate this
program at any time.
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
MULTIFNDSPT1 11/07