American Skandia Advisor Funds, Inc.
Supplement dated March 28, 2000 to the Prospectus dated March 1, 2000
ASAF Federated High Yield Bond Fund
Constantine J. Kartsonas is no longer serving as a portfolio manager
for the ASAF Federated High Yield Bond Fund. Accordingly, the section of the
prospectus entitled "Management of the Funds - The Sub-advisors - Federated
Investment Counseling" (on pages 81-82) is amended by deleting the second
paragraph and replacing it with the following:
The portfolio manager responsible for the day-to-day management of the
ASAF Federated High Yield Bond Fund is Mark E. Durbiano. Mr. Durbiano
joined Federated Investment's parent company in 1982 and has been a
Senior Vice President of an affiliate of Federated Investment since
January 1996.
