AMERICAN SKANDIA ADVISOR FUNDS INC
497, 1997-08-14
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                      American Skandia Advisor Funds, Inc.
     Supplement dated August 14, 1997 to the Prospectus dated July 21, 1997

                       ASAF Janus Capital Growth Portfolio

         Effective  August  12,  1997,  Scott W.  Schoelzel  replaced  Thomas F.
Marsico as the portfolio manager of the ASAF Janus Capital Growth Portfolio (the
"Portfolio"). Mr. Marsico is no longer employed by Janus Capital Corporation.

         Accordingly,  the section of the Prospectus entitled "Management of the
Funds - The  Sub-advisors"  is amended by deleting  the first full  paragraph on
page 61 and adding the following:

         The manager responsible for management of the ASAF Janus Capital Growth
         Portfolio is Scott W.  Schoelzel.  Mr.  Schoelzel,  a senior  portfolio
         manager at Janus,  joined  Janus in January  1994 as Vice  President of
         Investments.  From 1991 to 1993, Mr. Schoelzel was a portfolio  manager
         with Founders Asset Management.





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