August 8, 2003 Securities and Exchange Commission 450 Fifth Street, N.W. Washington, D.C. 20549 RE: Withdrawal of Van Eck Funds Amendment No. 1 to Registration Statement ON FORM N-14 ------------ Ladies and Gentlemen: Please withdraw the N-14/A filing on behalf of Van Eck Funds dated August 7, 2003 pursuant to Rule 477. The reason for this withdrawal is to file a corrected N-14. Sincerely, /s/ Thomas H. Elwood Thomas H. Elwood