<PAGE>
PROSPECTUS SUPPLEMENT TO
VAN ECK GLOBAL FUNDS PROSPECTUS
DATED APRIL 23, 1996
AMENDMENT TO THE PROSPECTUS - INVESTMENT ADVISER, MANAGER AND ADMINISTRATOR
(PAGE 39)
Effective August 1, 1996, AIG Global Investment Corp. will no longer act as the
sub-investment adviser of Asia Dynasty Fund and Asia Infrastructure Fund, two
series of Van Eck Funds. Van Eck Associates Corporation (the "Adviser") will
assume the responsibility of advising the two Funds. Tim Chan, an employee of
the Adviser, will be the Portfolio Manager. Mr. Chan has 12 years of investment
management experience in Hong Kong and Tokyo managing funds with similar
objectives as the Asia Dynasty Fund and Asia Infrastructure Fund. Between 1994
and 1996, Mr. Chan served as Portfolio Manager for BZW Investment Management.
From 1990 to 1994, Mr. Chan was a Fund Manager for Sun Hung Kai Fund Management.
Prior to that, Mr. Chan was a Fund Manager of Scimitar Asset Management Asia
Ltd, Hong Kong, a wholly owned subsidiary of Standard Chartered Bank.
PROSPECTUS SUPPLEMENT DATED MAY 28, 1996
