Phoenix Home Life Mutual Insurance Company Richard J. Wirth
One American Row Counsel
Hartford, CT 06115
Phone 203 275-5788
1993 Act/Rule 497(e)
[Phoenix Logo] Phoenix Home Life
March 1, 1996
VIA EDGAR
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Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
RE: Phoenix Duff & Phelps Institutional Mutual Funds
Registration Nos. 33-80057 and 811-9140
To the Commission Staff:
Transmitted herewith for filing, and pursuant to Rule 497 (e) under the
Securities Act of 1933, is the Phoenix Duff & Phelps Institutional Mutual Funds
Prospectus and Statement of Additional Information dated March 1, 1996, as
supplemented March 1, 1996, in the exact form in which it is being used.
Please call the undersigned at (860) 403-5788 if you have any questions
concerning this filing.
Very truly yours,
/s/ Richard J. Wirth
Richard J. Wirth
pdp\045
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PHOENIX DUFF & PHELPS INSTITUTIONAL MUTUAL FUNDS
Supplement dated March 1, 1996 to
Prospectus and
Statement of Additional Information
dated March 1, 1996
Shares of the Phoenix Duff & Phelps Institutional Enhanced Reserves
Portfolio shall not be offered for sale pending the reorganization of the Duff &
Phelps Enhanced Reserves Fund of the Duff & Phelps Mutual Funds with the Phoenix
Duff & Phelps Institutional Enhanced Reserves Portfolio on or about May 1, 1996.
