POS AMI 1 c79837posami.txt PROSPECTUS SUPPLEMENT VAN KAMPEN EXCHANGE FUND SUPPLEMENT DATED SEPTEMBER 30, 2003 TO THE PROSPECTUS DATED APRIL 24, 2003 The Prospectus is hereby supplemented as follows: In the section entitled "ITEM 6. MANAGEMENT, ORGANIZATION AND CAPITAL STRUCTURE," the fourth paragraph is hereby deleted in its entirety and replaced with the following: The Registrant is managed by the Adviser's Enterprise team. The team is made up of established investment professionals. Current members of the team include Stephen L. Boyd, a Managing Director of the Adviser, Mary Jayne Maly, an Executive Director of the Adviser, and Thomas Copper, a Vice President of the Adviser. The composition of the team may change without notice from time to time. RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE