CHUBB AMERICA FUND INC
497, 1996-07-15
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                        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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