American Skandia Advisor Funds, Inc.
Supplement dated August 13, 1999 to the Prospectus dated March 1, 1999
ASAF Founders International Small Capitalization Fund
Tracy P. Stouffer has been appointed as the portfolio manager for the
ASAF Founders International Small Capitalization Fund (the "Fund"), replacing
Michael W. Gerding. Accordingly, the section of the prospectus entitled
"Management of the Funds - The Sub-advisors - Founders Asset Management LLC" (on
page 59) is amended by deleting the second paragraph and replacing it with the
following:
Tracy P. Stouffer, a Vice President of Investments of Founders and a
Chartered Financial Analyst, has been responsible for the management of
the ASAF Founders International Small Capitalization Fund since July
1999. Before joining Founders, Ms. Stouffer was a vice president and
portfolio manager with Federated Global Incorporated from 1995 until
July 1999, and a vice president and portfolio manager with Clariden
Asset Management Inc. from 1988 to 1995.
