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<PAGE> SUPPLEMENT DATED JULY 15, 1996 TO THE PROSPECTUS OF THE CHUBB AMERICA FUND, INC. DATED MAY 1, 1996 The Chubb America Fund, Inc. prospectus is amended to reflect that Henry J. Bingham, Executive Managing Director of Van Eck Associates, has assumed the responsibility of portfolio manager of the Gold Stock Portfolio. Mr. Bingham joined Van Eck Associates in 1978.
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