VAN ECK FUNDS, 497, 1996-12-23

VAN ECK FUNDS
497, 1996-12-23

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                                 Supplement to
                                 VAN ECK FUNDS
                      STATEMENT OF ADDITIONAL INFORMATION
                             Dated April 23, 1996




Amendment to the Statement of Additional Information - "Portfolio Transactions 
and Brokerage"
(Page 23)


In addition, the Adviser may allocate brokerage transactions to broker-dealers 
who have entered into arrangements with the Adviser under which the 
broker-dealer allocates a portion of the commissions paid by a Fund toward 
payment of the Fund's expenses such as transfer agency, printing or other 
expenses.  The services of the broker-dealer must be comparable to those of 
other qualified broker-dealers.






                                   Supplement Dated December 23, 1996