Investment Company Act No. 811-08085
As filed with the Securities and Exchange Commission on May 4, 1999
SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of
1934
Filed by the Registrant [x]
Filed by a Party other than the Registrant [ ]
Check the appropriate box:
[ ] Preliminary Proxy Statement
[ ] Confidential, for Use of the Commission Only (as permitted by Rule
14a-6(e)(2))
[ ] Definitive Proxy Statement
[X] Definitive Additional Materials
[ ] Soliciting Material Pursuant to ss. 240.14a-11(c) or ss. 240.14a-12
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American Skandia Advisor Funds, Inc.
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Payment of Filing Fee (Check the appropriate box):
[X] No fee required.
[ ] Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11.
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1) Title of each class of securities to which transaction applies:
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2) Aggregate number of securities to which transaction applies:
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3) Per unit price or other underlying value of transaction computed
pursuant to Exchange Act Rule 0-11 (Set forth the amount on which the
filing fee is calculated and state how it was determined):
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[ ] Fee paid previously with preliminary materials.
[ ] Check box if any part of the fee is offset as provided by Exchange Act
Rule 0-11(a)(2) and identify the filing for which the offsetting fee
was paid previously. Identify the previous filing by registration
statement number, or the Form or Schedule and the date of its filing.
1) Amount Previously Paid:
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<PAGE>
April 30, 1999
URGENT: WE MAY NOT HAVE RECEIVED YOUR VOTE. PLEASE VOTE YOUR PROXY TODAY.
Dear Shareholder:
We previously mailed to you proxy materials relating to the special
meeting of shareholders of your American Skandia Advisor Fund scheduled for May
27, 1999.
We may not have received your vote. Please be aware that you may
receive a telephone call from our proxy solicitor D.F. King & Co., Inc., to make
sure that you have received your proxy material. If you receive a telephone call
and are ready to vote, you will be given the option to register your vote
immediately over the telephone. Telephone voting is easy and only takes about a
minute. You can also vote by the Internet at www.AmericanSkandia.com. or call
the toll free telephone number on your proxy card and use the touch tone voting
option. If you do not receive a telephone call or do not have Internet access,
please take a moment to SIGN, DATE and MAIL the enclosed duplicate proxy card
promptly in the return envelope provided for your convenience.
Regardless of the number of shares you own, it is important that they are
represented and voted at the meeting. If you need assistance in voting your
shares or have any questions, please call our solicitor, D.F. King, toll-free at
1-800-848-3374.
Information supplementing the proxy statement is included on the reverse side.
For reasons set forth in the Proxy Statement dated April 14, 1999, your
Board of Directors recommends that you vote "FOR" each proposal.
We thank you for your attention to this matter.
Sincerely,
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American Skandia Advisor Funds, Incorporated
Supplement dated April 30, 1999 to the Proxy Statement dated April 14, 1999
As discussed in the Proxy Statement, the brokerage commission rates and
amounts paid by the various Funds of American Skandia Advisor Funds, Inc. (the
"Company") are not expected to increase as a result of the implementation of the
proposed New Distribution Plans discussed in the Proxy Statement. Nor are the
total returns of the Funds expected to be affected. However, the staff of the
Securities and Exchange Commission recently has taken the position that amounts
received by American Skandia Marketing, Inc. ("ASM") as an introducing broker
under the New Distribution Plans should be reflected in the expenses of the
Funds. The table below estimates how each Fund's expenses (as a percentage of
Fund assets on an annual basis) will be deemed to increase as a result the
implementation of the New Distribution Plans.
<TABLE>
<CAPTION>
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FUND Increase in Expenses
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<S> <C>
ASAF Founders International Small Capitalization Fund 0%
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ASAF T. Rowe Price International Equity Fund 0%
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ASAF Janus Overseas Growth Fund less thab 0.01%
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ASAF Janus Small-Cap Growth Fund 0.03%
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ASAF T. Rowe Price Small Company Value Fund 0%
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ASAF Neuberger Berman Mid-Cap Growth Fund 0.21%
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ASAF Neuberger Berman Mid-Cap Value Fund 0.41%
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ASAF Oppenheimer Large-Cap Growth Fund 0.08%
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ASAF Marsico Capital Growth Fund 0.12%
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ASAF Janus Capital Growth Fund 0.02%
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ASAF Lord Abbett Growth and Income Fund 0%
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ASAF INVESCO Equity Income Fund 0.08%
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ASAF American Century Strategic Balanced Fund 0%
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ASAF Federated High Yield Bond Fund 0%
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ASAF Total Return Bond Fund 0%
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ASAF JPM Money Market Fund 0%
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</TABLE>
The estimates are derived from data regarding each Fund's brokerage
transactions, and the proportion of such transactions directed to selling
dealers, for the year ended March 31, 1999. However, it is not possible to
determine with accuracy actual amounts that will be received by ASM from the New
Distribution Plans. Such amounts will vary based upon the level of a Fund's
brokerage activity, the proportion of such activity directed under the New
Distribution Plans, and other factors. As the Funds grow, it may become feasible
to direct a larger proportion of their brokerage transactions to ASM.
Additional information on Fund expenses is included in the Company's Prospectus.
