PHOENIX-ABERDEEN SERIES FUND
Supplement dated March 17, 2000 to
Prospectus dated November 26, 1999
Effective April 3, 2000, the maximum sales charge payable on Class A Shares
of the funds will be 5.75%. The reduced sales charges payable on investments
over certain amounts and the dealer discounts applicable to Class A Shares have
also changed. These changes do not affect shareholders' existing investments in
the funds. However, any future investments in Class A Shares on or after April
3, 2000, including amounts invested under an automatic investment plan, will be
subject to the revised sales charge schedule. The prospectus is hereby amended
as described below.
The chart below provides restated Class A share average annual total returns
(for calendar year periods) for each of the funds based on the deduction of the
new maximum sales charge of 5.75%. This chart replaces Class A share performance
information in the current prospectus on page 4 for the Global Small Cap Fund
and page 9 for the New Asia Fund. All other performance information contained in
the current prospectus remains unchanged.
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------- -------------------------- ----------------------------
AVERAGE ANNUAL TOTAL RETURNS (for periods ending 12/31/98)(1) ONE YEAR LIFE OF THE FUND(2)
- ------------------------------------------------------------------------- -------------------------- ----------------------------
<S> <C> <C>
Global Small Cap Fund Class A Shares -4.45% -0.81%
- ------------------------------------------------------------------------- -------------------------- ----------------------------
New Asia Fund Class A Shares -7.69% -18.33%
- ------------------------------------------------------------------------- -------------------------- ----------------------------
</TABLE>
(1) Average annual total returns in the table above reflect the deduction of the
maximum sales charge (5.75%) for an investment in the funds' Class A shares.
(2) Since September 4, 1996.
The "Fund Expenses" tables on pages 5 and 10 of the current prospectus are
amended to reflect that the maximum sales charge (load) imposed on purchases of
Class A Shares, as a percentage of the offering price, is 5.75%.
The first of the Example tables in the current prospectus on page 6 for the
Global Small Cap Fund and page 11 for the New Asia Fund are amended as follows:
<TABLE>
<CAPTION>
- ---------------------------------------------------------- ----------------- ----------------- ---------------- -----------------
1 YEAR 3 YEARS 5 YEARS 10 YEARS
- ---------------------------------------------------------- ----------------- ----------------- ---------------- -----------------
<S> <C> <C> <C> <C>
Global Small Cap Fund Class A Shares $800 $1,269 $1,763 $3,116
- ---------------------------------------------------------- ----------------- ----------------- ---------------- -----------------
New Asia Fund Class A Shares $879 $1,504 $1,152 $3,877
- ---------------------------------------------------------- ----------------- ----------------- ---------------- -----------------
</TABLE>
All other information contained in the Example tables remains unchanged.
Under the heading "Sales Charges: Class A Shares" on page 17 of the current
prospectus, the first sentence is amended to read: "If you purchase Class A
Shares, you will pay a sales charge at the time of purchase equal to 5.75% of
the offering price (6.10% of the amount invested)." The remainder of that
paragraph remains unchanged.
The table under the heading "Sales Charge you may pay to purchase Class A
Shares" on page 18 of the current prospectus is replaced in its entirety by the
following:
<TABLE>
<CAPTION>
SALES CHARGES AS A PERCENTAGE OF
--------------------------------
AMOUNT OF TRANSACTION AT OFFERING PRICE OFFERING PRICE NET AMOUNT INVESTED
- --------------------------------------- -------------- -------------------
<S> <C> <C>
Under $50,000 5.75% 6.10%
$50,000 but under $100,000 4.75% 4.99%
$100,000 but under $250,000 3.75% 3.90%
$250,000 but under $500,000 2.75% 2.83%
$500,000 but under $1,000,000 2.00% 2.04%
$1,000,000 or more None None
</TABLE>
Additionally, to correct a typographical error, the first sentence under
the heading "The Advisers" on page 14 of the current prospectus is amended to
read: "Phoenix-Aberdeen International Advisors, LLC ("PAIA") is the investment
adviser to the funds and is located at One American Row, Hartford, Connecticut."
INVESTORS SHOULD RETAIN THIS SUPPLEMENT WITH THE PROSPECTUS
FOR FUTURE REFERENCE.
PXP 147/SC (3/00)
<PAGE>
PHOENIX-ABERDEEN SERIES FUND
Supplement dated March 17, 2000 to
Statement of Additional Information dated November 26, 1999,
as supplemented January 10, 2000
Effective April 3, 2000, the maximum sales charge payable on Class A Shares
of the funds will be 5.75%. The reduced sales charges payable on investments
over certain amounts and the dealer discounts applicable to Class A Shares have
also changed. These changes do not affect shareholders' existing investments in
the funds. However, any future investments in Class A Shares on or after April
3, 2000, including amounts invested under an automatic investment plan, will be
subject to the revised sales charge schedule. The Statement of Additional
Information is hereby amended as described below.
The chart below provides restated Class A share average annual total returns
(for fiscal year periods) for each of the funds based on the deduction of the
new maximum sales charge of 5.75%. This chart replaces Class A share performance
information on page 7 of the current Statement of Additional Information. All
other performance information contained in the current Statement of Additional
Information remains unchanged.
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------- -------------------------- ----------------------------
AVERAGE ANNUAL TOTAL RETURNS (for periods ending 7/31/99)(1) ONE YEAR LIFE OF THE FUND(2)
- ------------------------------------------------------------------------- -------------------------- ----------------------------
<S> <C> <C>
Global Small Cap Fund Class A Shares -0.11% 4.22%
- ------------------------------------------------------------------------- -------------------------- ----------------------------
New Asia Fund Class A Shares 44.14% -6.35%
- ------------------------------------------------------------------------- -------------------------- ----------------------------
</TABLE>
(1) Average annual total returns in the table above reflect the deduction
of the maximum sales charge (5.75%) for an investment in the funds'
Class A shares.
(2) Since September 4, 1996.
The table under the heading "Dealer Concessions" on page 19 of the current
Statement of Additional Information is replaced in its entirety by the
following:
<TABLE>
<CAPTION>
SALES CHARGES AS A PERCENTAGE OF DEALER DISCOUNT AS A
-------------------------------- --------------------
AMOUNT OF TRANSACTION AT OFFERING PRICE OFFERING PRICE NET AMOUNT INVESTED PERCENTAGE OF OFFERING PRICE
- --------------------------------------- -------------- ------------------- ----------------------------
<S> <C> <C> <C>
Under $50,000 5.75% 6.10% 5.25%
$50,000 but under $100,000 4.75% 4.99% 4.25%
$100,000 but under $250,000 3.75% 3.90% 3.25%
$250,000 but under $500,000 2.75% 2.83% 2.25%
$500,000 but under $1,000,000 2.00% 2.04% 1.75%
$1,000,000 or more None None None
</TABLE>
INVESTORS SHOULD RETAIN THIS SUPPLEMENT WITH THE STATEMENT OF ADDITIONAL
INFORMATION FOR FUTURE REFERENCE.
PXP 147B/SC (3/00)
