AMERICAN SKANDIA ADVISOR FUNDS, INC.
SUPPLEMENT DATED JANUARY 18, 2000 TO THE PROSPECTUS DATED NOVEMBER 1, 1999
ASAF JANUS SMALL-CAP GROWTH FUND
Except as indicated below, the ASAF Janus Small-Cap Growth Fund (the
"Fund") of American Skandia Advisor Funds, Inc. (the "Company") will be closed
to further investment, whether from new investors or the Fund's existing
shareholders, effective January 19, 2000.
Additional purchases of shares of the Fund will be permitted only (1)
through reinvestment of dividends FROM THE FUND, (2) THROUGH ALLOCATIONS TO THE
FUND UNDER PERIODIC INVESTMENT PROGRAMS (I.E., automatic investment plans,
dollar cost averaging and automatic dividend diversification) in place as of
January 18, 2000, although any allocation to the Fund may not be increased after
that date, (3) by participants in retirement plans under sections 401(a) of the
Internal Revenue Code that use the services of a third party administrator that
has established an electronic link with the Company, if the Fund was an
investment option for the retirement plan as of January 18, 2000, and (4) by
participants in SIMPLE IRA plans, if the Fund was an investment selection of the
participant as of January 18, 2000.
Investors may be required to demonstrate eligibility to purchase shares
of the Fund before an investment is accepted. The Company may resume sales of
shares of the Fund at some future date, but it has no present intention to do
so.
