PHOENIX-SENECA FUNDS
Supplement dated July 6, 1999 to
Prospectus and Statement of Additional Information dated
January 28, 1999
PHOENIX-SENECA BOND FUND
Effective on July 1, 1999, the fund's investment adviser has agreed to
increase the amount of the expense reimbursement it currently provides to the
Phoenix-Seneca Bond Fund.
Accordingly, footnote (a) to the Fund Expenses table on page 4 of the
current prospectus is amended by the addition of the following sentence:
Effective July 1, 1999, the fund's investment adviser has agreed to
reimburse through July 1, 2000 the Phoenix-Seneca Bond Fund's operating
expenses to the extent that such expenses exceed 0.90% for Class X
Shares, 1.15% for Class A Shares and 1.90% for Class B and Class C
Shares.
Also, the first line of the tables describing expense reimbursement
amounts on page 37 of the current prospectus and on page 18 of the current
Statement of Additional Information is amended to read:
<TABLE>
------------------------------------------------------------------------------------------------------------
<CAPTION>
Class X Shares Class A Shares Class B Shares Class C Shares
------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Bond Fund 0.90% 1.15% 1.90% 1.90%
------------------------------------------------------------------------------------------------------------
</TABLE>
INVESTORS SHOULD RETAIN THIS SUPPLEMENT WITH THE PROSPECTUS AND
STATEMENT OF ADDITIONAL INFORMATION FOR FUTURE REFERENCE.
PXP2069/BF (7/99)
