VAN ECK WORLDWIDE INSURANCE TRUST
497, 1999-03-05
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                            Prospectus Supplement to
 
                  VAN ECK WORLDWIDE INSURANCE TRUST PROSPECTUS
 
                               Dated May 1, 1998
 
Amendment to the Prospectus
 
  David Semple has been named Co-Portfolio Manager of the Worldwide Emerging
Markets Fund. He is a Director of International Equity at the Adviser. Prior to
joining Van Eck, Mr. Semple was an investment manager with Peregrine Asset
Management (Hong Kong) Limited. (February 1997-1998), a Regional (Asia)
Strategist or a member of the Group Sales area of Peregrine Brokerage Limited
(October 1993-February 1997) and an investment manager at Murray Johnstone, an
investment management company.
 
                   Prospectus Supplement Dated March 5, 1999


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