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Filed Pursuant to Rule 497(e)
Registration File No.: 333-17217
EQ ADVISORS TRUST
SUPPLEMENT DATED JULY 24, 2000 TO THE STATEMENT OF ADDITIONAL
INFORMATION DATED MAY 1, 2000
This Supplement further updates certain information contained in the above-dated
Statement of Additional Information ("SAI") of EQ Advisors Trust ("Trust")
regarding one Portfolio of the Trust, i.e., the "FI Small/Mid Cap Value
Portfolio," which was previously referred to as the "Warburg Pincus Small
Company Value Portfolio." Effective July 24, 2000, Fidelity Management &
Research Company replaced Credit Suisse Asset Management, LLC as the Adviser to
this Portfolio and the name of the portfolio was changed to "FI Small/Mid Cap
Value Portfolio." You may obtain a copy of the SAI, free of charge, by writing
to the Trust at 1290 Avenue of the Americas, New York, New York 10104.
INFORMATION REGARDING THE FI SMALL/MID CAP VALUE PORTFOLIO
The information below further updates the information regarding the FI Small/Mid
Cap Value Portfolio and should replace Fundamental Restriction (1)(b) located in
the section of the SAI captioned "TRUST POLICIES -- FUNDAMENTAL RESTRICTIONS":
b. as a matter of non-fundamental operating policy, no Portfolio, except the
Lazard Large Cap Value Portfolio and the FI Small/Mid Cap Value Portfolio, will
purchase additional securities when money borrowed exceeds 5% of its total
assets;
The information below updates information regarding the FI Small/Mid Cap Value
Portfolio and should revise the first sentence of Nonfundamental Restriction (2)
located in the section of the SAI captioned "TRUST POLICIES -- NONFUNDAMENTAL
RESTRICTIONS":
The FI/Small Small/Mid Cap Value Portfolio may purchase: (a) illiquid
securities, (b) securities restricted as to resale (excluding securities
determined by the Board of Trustees to be readily marketable), and (c)
repurchase agreements maturing in more than seven days unless, as a result, more
than 15% of its net assets would be invested in such securities.
The information regarding the FI Small/Mid Cap Value Portfolio in Appendix A of
the SAI, has been revised to permit the Portfolio to invest or utilize the
following investment strategies and instruments to the extent permitted in the
SAI: asset backed securities; floaters, inverse floaters, Brady Bonds, foreign
OTC options, forward commitments, hybrid instruments, loan participations,
mortgage-related securities, municipal securities, passive foreign investment
companies, payment in-kind bonds, real estate investment trusts, reverse
repurchase agreements, structured notes, swap transactions and zero coupon
bonds. The information regarding the FI Small/Mid Cap Value Portfolio in
Appendix A of the SAI, has been revised to reflect that the Portfolio may invest
up to 15% of its net assets in illiquid securities.
