Investment Administration Agreements

                      INVESTMENT ADMINISTRATION AGREEMENT

     THIS INVESTMENT ADMINISTRATION AGREEMENT (this "Agreement"), effective as
of August 13, 1998, is made by and between FAIRFAX FINANCIAL HOLDINGS LIMITED
and THE NORTH RIVER INSURANCE COMPANY. As used in this Agreement, "we", "us",
and "our" shall refer to THE NORTH RIVER INSURANCE COMPANY, and "you" and "your"
shall refer to FAIRFAX FINANCIAL HOLDINGS LIMITED.

     In consideration of the mutual promises contained herein, the parties agree
as follows:

     1.   . . .

                      INVESTMENT ADMINISTRATION AGREEMENT

     THIS INVESTMENT ADMINISTRATION AGREEMENT (this "Agreement"), effective as
of August 13, 1998, is made by and between FAIRFAX FINANCIAL HOLDINGS LIMITED
and CRUM AND FORSTER INSURANCE COMPANY. As used in this Agreement, "we", "us",
and "our" shall refer to CRUM AND FORSTER INSURANCE COMPANY, and "you" and
"your" shall refer to FAIRFAX FINANCIAL HOLDINGS LIMITED.

     In consideration of the mutual promises contained herein, the parties agree
as follows:

     1. . . .

                      INVESTMENT ADMINISTRATION AGREEMENT

     THIS INVESTMENT ADMINISTRATION AGREEMENT (this "Agreement"), dated as of
August 31, 2000, is made by and between FAIRFAX FINANCIAL HOLDINGS LIMITED and
SENECA INSURANCE COMPANY, INC. As used in this Agreement, "we", "us", and "our"
shall refer to SENECA INSURANCE COMPANY, INC., and "you" and "your" shall refer
to FAIRFAX FINANCIAL HOLDINGS LIMITED.

     In consideration of the mutual promises contained herein, the parties agree
as follows:

     1.    We  . . .

                      INVESTMENT ADMINISTRATION AGREEMENT

     THIS INVESTMENT ADMINISTRATION AGREEMENT (this "Agreement"), effective as
of August 13, 1998, is made by and between FAIRFAX FINANCIAL HOLDINGS LIMITED
and CRUM AND FORSTER INSURANCE COMPANY. As used in this Agreement, "we", "us",
and "our" shall refer to CRUM AND FORSTER INSURANCE COMPANY, and "you" and
"your" shall refer to FAIRFAX FINANCIAL HOLDINGS LIMITED.

     In consideration of the mutual promises contained herein, the parties agree
as follows:

     1. . . .

                      INVESTMENT ADMINISTRATION AGREEMENT

     THIS INVESTMENT ADMINISTRATION AGREEMENT (this "Agreement"), dated as of
August 13, 1998, is made by and between FAIRFAX FINANCIAL HOLDINGS LIMITED and
CRUM & FORSTER INDEMNITY COMPANY. As used in this Agreement, "we", "us", and
"our" shall refer to CRUM & FORSTER INDEMNITY COMPANY, and "you" and "your"
shall refer to FAIRFAX FINANCIAL HOLDINGS LIMITED.

     In consideration of the mutual promises contained herein, the parties agree
as  . . .

                      INVESTMENT ADMINISTRATION AGREEMENT

     THIS INVESTMENT ADMINISTRATION AGREEMENT (this "Agreement"), effective as
of August 13, 1998, is made by and between FAIRFAX FINANCIAL HOLDINGS LIMITED
and THE NORTH RIVER INSURANCE COMPANY. As used in this Agreement, "we", "us",
and "our" shall refer to THE NORTH RIVER INSURANCE COMPANY, and "you" and "your"
shall refer to FAIRFAX FINANCIAL HOLDINGS LIMITED.

     In consideration of the mutual promises contained herein, the parties agree
as follows:

     1.   . . .

                      INVESTMENT ADMINISTRATION AGREEMENT

     THIS INVESTMENT ADMINISTRATION AGREEMENT (this "Agreement"), dated as of
August 13, 1998, is made by and between FAIRFAX FINANCIAL HOLDINGS LIMITED and
UNITED STATES FIRE INSURANCE COMPANY. As used in this Agreement, "we", "us", and
"our" shall refer to UNITED STATES FIRE INSURANCE COMPANY, and "you" and "your"
shall refer to FAIRFAX FINANCIAL HOLDINGS LIMITED.

     In consideration of the mutual promises contained herein, the parties agree
as follows:

     1. . . .

                      INVESTMENT ADMINISTRATION AGREEMENT

       THIS AGREEMENT is made as of the day of             , 2001 by and between
VAN ECK FUNDS INC. a Massachusetts  business trust having its principal place of
business in New York, New York (the "Fund") and VAN ECK  ASSOCIATES  CORPORATION
(the  "Administrator"),  a Delaware  corporation  having its principal  place of
business in New York, New York.

                              W I T N E S S E T H:

       WHEREAS,  the Fund is registered as an open-end,  diversified  management
investment  company   . . .