Company:  VAN ECK VIP TRUST
Form Type:  497
Filing Date:  11/14/2011 
CIK:  0000811976 
Address:  335 MADISON AVENUE
19TH FL 
City, State, Zip:  NEW YORK, New York 10017 
Telephone:  212-293-2000 
Fiscal Year:  12/31 
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  FORM 497
    STATEMENT OF ADDITIONAL INFORMATION
      VAN ECK VIP MULTI-MANAGER ALTERNATIVES FUND - INITIAL CLASS
    STATEMENT OF ADDITIONAL INFORMATION
      INVESTMENT POLICIES AND RISKS
      INVESTMENT ADVISORY SERVICES
      PORTFOLIO MANAGER SHARE OWNERSHIP
      PORTFOLIO TRANSACTIONS AND BROKERAGE
      TRUSTEES AND OFFICERS
        NAME AND TITLE
        NAME AND TITLE
        NAME AND TITLE
        NAME AND TITLE
      TRUSTEE SHARE OWNERSHIP
        TRUSTEE OWNERSHIP
        COMPENSATION TABLE
      PRINCIPAL SHAREHOLDERS
      Principal Holders Ownership
        BENEFICIAL OWNERS
      CODE OF ETHICS
      VALUATION OF SHARES
      ADDITIONAL INFORMATION
      FINANCIAL STATEMENTS
    APPENDIX A:
      Performance
      III. THE LINK BETWEEN COMPENSATION AND PERFORMANCE
      Linking Pay with Performance
      Performance-Based Options
      Reimbursement of Solicitation Expenses
    APPENDIX A-1
      Acorn Derivatives Management Corp.
    APPENDIX A-2
    APPENDIX A-3
      PORTFOLIO OF INVESTMENTS
    APPENDIX A-4
    APPENDIX A-5
      MARTINGALE ASSET MANAGEMENT, L.P.
      Poison Pills- Management Proposals to Ratify a Pill to ...
      Pay for Performance
    APPENDIX A-6
    APPENDIX A-7
    APPENDIX A-8
    APPENDIX A-9
    APPENDIX A-10
    APPENDIX B:
    STATEMENT OF ADDITIONAL INFORMATION
      VAN ECK VIP MULTI-MANAGER ALTERNATIVES FUND - CLASS S
    STATEMENT OF ADDITIONAL INFORMATION
      INVESTMENT POLICIES AND RISKS
      INVESTMENT ADVISORY SERVICES
      PORTFOLIO MANAGER SHARE OWNERSHIP
      PORTFOLIO TRANSACTIONS AND BROKERAGE
      TRUSTEES AND OFFICERS
        NAME AND TITLE
        NAME AND TITLE
      TRUSTEE SHARE OWNERSHIP
        TRUSTEE OWNERSHIP
        COMPENSATION TABLE
      PRINCIPAL SHAREHOLDERS
      Principal Holders Ownership
        BENEFICIAL OWNERS
      CODE OF ETHICS
      VALUATION OF SHARES
      ADDITIONAL INFORMATION
      FINANCIAL STATEMENTS
    APPENDIX A:
      Performance
      III. THE LINK BETWEEN COMPENSATION AND PERFORMANCE
      Linking Pay with Performance
      Performance-Based Options
      Reimbursement of Solicitation Expenses
    APPENDIX A-1
      Acorn Derivatives Management Corp.
    APPENDIX A-2
    APPENDIX A-3
    APPENDIX A-4
    APPENDIX A-5
      MARTINGALE ASSET MANAGEMENT, L.P.
      Poison Pills- Management Proposals to Ratify a Pill to ...
      Pay for Performance
    APPENDIX A-6
    APPENDIX A-7
    APPENDIX A-8
    APPENDIX A-9
    APPENDIX A-10
    APPENDIX B:
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