VAN ECK FUNDS
497, 1995-10-31
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                           PROSPECTUS SUPPLEMENT TO
 
                    VAN ECK GOLD AND MONEY FUNDS PROSPECTUS
                             Dated March 17, 1995
 
EFFECTIVE OCTOBER 17, 1995
AMENDMENT TO THE PROSPECTUS--DIVIDENDS AND DISTRIBUTIONS--P. 32
 
Gold/Resources Fund and Gold Opportunity Fund intend to make distributions
from net investment income in June and December and distribute any net
realized capital gains resulting from the Funds' investment activity annually
in December. U.S. Government Money Fund declares dividends from its net
investment income on each day on which the Fund is open for business and
distributes dividends on the last day of the month. International Investors'
policy is to pay dividends from net investment income in March, June,
September and December, and make distributions of net realized capital gains,
if any, annually in December. Dividends or distributions declared in December
but paid in January will be includible in a shareholder's income as of the
record date (usually in December) of such dividends or distributions. Short-
term capital gains, if declared, are treated the same as dividend income. The
fiscal year of each of the Funds ends on December 31.
 
                                   Prospectus Supplement Dated October 17, 1995
<PAGE>
 
                           PROSPECTUS SUPPLEMENT TO
 
                        VAN ECK GLOBAL FUNDS PROSPECTUS
                             DATED MARCH 17, 1995
 
EFFECTIVE OCTOBER 17, 1995
AMENDMENT TO THE PROSPECTUS--DIVIDENDS AND DISTRIBUTIONS--P. 41
 
Asia Dynasty Fund, Asia Infrastructure Fund, Global SmallCap Fund, Global Hard
Assets Fund and World Trends Fund intend to make distributions from net
investment income in June and December and distribute any net realized capital
gains resulting from the Funds' investment activity annually in December. The
Global Balanced Fund intends to make distributions from net investment income
on a quarterly basis in March, June, September and December and distribute any
net realized capital gains resulting from investment activity annually in
December. The Global Income Fund intends to declare and pay dividends monthly
and net realized capital gains resulting from investment activity annually in
December. Dividends or distributions declared in December but paid in January
will be included in a shareholder's income as of the record date (usually in
December) of such dividends or distributions. Short-term capital gains, if
declared, are treated the same as dividend income. The fiscal year of each of
the Funds ends on December 31.
 
EFFECTIVE OCTOBER 25, 1995
 
The World Trends Fund is closed to new investments through purchases or
exchanges.
 
                                   Prospectus Supplement Dated October 17, 1995


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