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PROSPECTUS SUPPLEMENT TO
VAN ECK GLOBAL FUNDS PROSPECTUS
DATED APRIL 30, 1997
AMENDMENT TO THE PROSPECTUS--"INVESTMENT OBJECTIVES AND POLICIES"
The Board of Trustees of Van Eck Funds (the "Trust") has determined that it is
in the best interests of shareholders to reorganize Van Eck Global Income Fund
into Van Eck/Chubb Global Income Fund, a series of Van Eck/Chubb Funds, Inc.
The administrator of Van Eck/Chubb Funds, Inc. is Van Eck Associates
Corporation and its shares are distributed by Van Eck Securities Corporation.
The investment adviser to Van Eck/Chubb Global Income Fund is Chubb Asset
Managers, Inc. The Board concluded that the investment objectives of the two
funds were sufficiently similar, and that the reorganization would reduce
investor confusion between the two affiliated global income funds. The
reorganization is expected to occur on or about April 24, 1998.
AMENDMENT TO THE PROSPECTUS--"MANAGEMENT--INVESTMENT ADVISER, MANAGER AND
ADMINISTRATOR"
Gary Greenberg and David Semple now serve as Co-Portfolio Managers of Van Eck
Asia Dynasty Fund (the "Fund"), replacing Timothy Chan. Messrs. Greenberg and
Semple are jointly responsible for managing this Fund's portfolio of
investments. Mr. Greenberg is Managing Director and Chief Investment Officer
of Van Eck Global Asset Management (Asia) Limited, the Fund's investment
adviser (the "Adviser"), Chief Investment Officer--International Equities of
Van Eck Associates Corporation and also is the portfolio manager of Van Eck
Emerging Markets Growth Fund and Van Eck Worldwide Emerging Markets Fund.
Prior to joining Van Eck, Mr. Greenberg was Chief Investment Officer and
Managing Director of Peregrine Asset Management (Hong Kong) Limited, a
financial services firm (July 1994-February 1998) and principal and portfolio
manager at Wanger Asset Management Company (June 1992-June 1994). Mr. Semple
is an Investment Director of the Adviser. Prior to joining Van Eck, Mr. Semple
was an investment manager with Peregrine Asset Management (Hong Kong) Limited
(February 1997-February 1998), a Regional (Asia) Strategist at Peregrine
Brokerage Limited (April 1995-February 1997), a member of the Group Sales area
of Peregrine Brokerage Limited (October 1993-April 1995) and an investment
manager at Murray Johnstone, a Glasgow-based investment management company
(August 1990-October 1993).
PROSPECTUS SUPPLEMENT DATED MARCH 31, 1998
VEM 803 208
