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<PAGE>
Prospectus Supplement to
VAN ECK GLOBAL FUNDS PROSPECTUS
Dated May 1, 1999
Amendment to the Prospectus
David Hulme has been named Co-Portfolio Manager of the Asia Dynasty Fund. Mr.
Hulme was an Investment Analyst with Peregrine Asset Management (Hong Kong)
Limited (June 1995-January 1998), a Deputy Manager at Price Waterhouse, Hong
Kong (November 1994-June 1995) and an Assistant Manager at Price Waterhouse,
London (July 1991-October 1994).
Prospectus Supplement Dated June 5, 1999
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