PROSPECTUS SUPPLEMENT TO
                        VAN ECK GLOBAL FUNDS PROSPECTUS
                             DATED APRIL 23, 1996

AMENDMENT TO THE PROSPECTUS - INVESTMENT ADVISER, MANAGER AND ADMINISTRATOR 
(PAGE 39)

Effective August 1, 1996, AIG Global Investment Corp. will no longer act as the 
sub-investment adviser of Asia Dynasty Fund and Asia Infrastructure Fund, two 
series of Van Eck Funds. Van Eck Associates Corporation (the "Adviser") will 
assume the responsibility of advising the two Funds. Tim Chan, an employee of 
the Adviser, will be the Portfolio Manager. Mr. Chan has 12 years of investment 
management experience in Hong Kong and Tokyo managing funds with similar 
objectives as the Asia Dynasty Fund and Asia Infrastructure Fund. Between 1994 
and 1996, Mr. Chan served as Portfolio Manager for BZW Investment Management. 
From 1990 to 1994, Mr. Chan was a Fund Manager for Sun Hung Kai Fund Management.
Prior to that, Mr. Chan was a Fund Manager of Scimitar Asset Management Asia 
Ltd, Hong Kong, a wholly owned subsidiary of Standard Chartered Bank.


                                        PROSPECTUS SUPPLEMENT DATED MAY 28, 1996