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PROSPECTUS SUPPLEMENT TO
VAN ECK EMERGING MARKETS GROWTH FUND PROSPECTUS
DATED DECEMBER 30, 1996
AMENDMENT TO THE PROSPECTUS--"MANAGEMENT--INVESTMENT ADVISER, MANAGER AND
ADMINISTRATOR"
Gary Greenberg, C.F.A., has joined Van Eck Associates Corporation, the
investment adviser (the "Adviser") to Emerging Markets Growth Fund (the
"Fund") and will continue to manage the Fund in that capacity. Mr. Greenberg
had previously managed the Fund as Chief Investment Officer of Peregrine Asset
Management (Hong Kong) Limited, which until January 13, 1998 was the sub-
investment adviser to the Fund.
AMENDMENT TO THE PROSPECTUS--"EXCHANGE PRIVILEGE"
Fund shareholders may exchange their shares as described in the next sentence
into any of the series of Van Eck/Chubb Funds, Inc. ("VEC Fund"), which are:
Capital Appreciation Fund, Global Income Fund, Government Securities Fund,
Growth and Income Fund, Money Market Fund, Tax-Exempt Fund and Total Return
Fund. Shareholders with Class A shares of the Fund (except for those with
Investors Fiduciary Trust Company fiduciary retirement accounts, who must
effect a "transfer of assets" to VEC Fund's custodian, Firstar Trust Company)
may exchange into a series of VEC Fund at net asset value. Shareholders of the
U.S. Government Money Fund series of Van Eck Funds who acquired those shares
other than pursuant to the Exchange Privilege may exchange into a series of
VEC Fund subject to payment of the applicable sales charge. The Fund and VEC
Fund reserve the right to modify or terminate their Exchange Privileges or to
limit or reject any exchange. For more information on the Fund's Exchange
Privilege, see "Exchange Privilege" in the Prospectus. For more information on
VEC Fund, including investment objectives and policies, sales charges and
expenses, consult the VEC Fund Prospectus. Copies of the Van Eck Funds and VEC
Fund Prospectuses may be obtained by calling 1-800-826-2333 or by writing to
Van Eck Global at 99 Park Avenue, New York, New York 10016.
PROSPECTUS SUPPLEMENT DATED FEBRUARY 26, 1998
VEM 802 148
