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                           Prospectus Supplement to
              VAN ECK GOLD AND NATURAL RESOURCES FUND PROSPECTUS
                            Dated September 1, 1995
                        As Revised on January 17, 1996


Effective February 20, 1996
Amendment to the Prospectus - Investment Adviser, Manager and Administrator

Derek S. van Eck - Portfolio Manager of Gold and Natural Resources Fund is 
responsible for managing the Fund's portfolio of investments.  He is Director of
Global Investments and Executive Vice President of the Adviser and an officer 
and portfolio manager of other mutual funds advised by the Adviser.


                                        Prospectus Supplement Dated May 1, 1996



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