Phoenix-Seneca Funds
Supplement dated December 15, 1998 to
Statement of Additional Information dated July 1, 1998
The disclosure contained in the Statement of Additional Information
dated July 1, 1998 under the subheading "Investment Adviser" on page 17 is
supplemented as follows:
The following is inserted as the new fourth paragraph:
Phoenix Investment Partners, Ltd. is the 10th largest publicly
traded investment company in the nation, and has served investors for
over 70 years. It manages approximately $50 billion in assets through
its seven investment partners: Aberdeen Fund Managers, Inc. (Aberdeen)
in Aberdeen, London, Singapore and Fort Lauderdale; Duff & Phelps
Investment Management Co. (Duff & Phelps) in Chicago and Cleveland;
Roger Engemann & Associates, Inc. (Engemann) in Pasadena; Seneca
Capital Management LLC (Seneca) in San Francisco; and Phoenix
Investment Counsel, Inc. (Goodwin, Hollister, and Oakhurst divisions)
in Hartford, Sarasota, and Scotts Valley, CA, respectively.
Investors should retain this supplement with the Statement of
Additional Information for future reference.
PXP 2069B/P (12/98)
