PHOENIX-EUCLID MARKET NEUTRAL FUND
Supplement dated September 2, 1999 to
Prospectus dated November 30, 1998,
as supplemented December 16, 1998, March 1, 1999, May 1, 1999,
and August 20, 1999 and to the Statement of Additional Information dated
November 30, 1998, as supplemented August 20, 1999
THE INFORMATION CONTAINED IN THIS SUPPLEMENT DATED
SEPTEMBER 2, 1999
SUPERCEDES THAT CONTAINED IN THE SUPPLEMENT DATED
AUGUST 20, 1999.
THIS SUPPLEMENT CORRECTS THE TRANSFER AGENT FEES SET FORTH IN THE
AUGUST 20, 1999 SUPPLEMENT.
Effective July 23, 1999, Phoenix Equity Planning Corporation ("PEPCO"), 100
Bright Meadow Boulevard, P.O. Box 2200, Enfield, CT 06083-2200, became Transfer
Agent for the Trust. PEPCO receives a fee equivalent to $13.50 for each
shareholder account, plus out-of-pocket expenses. This represents no change from
the fees paid to the former Transfer Agent. The Transfer Agent is authorized to
engage subagents to perform certain shareholder servicing functions from time to
time for which such agents are paid a fee by the Transfer Agent. State Street
Bank and Trust Company serves as subtransfer agent pursuant to a Subtransfer
Agency Agreement.
All references to contacting the Fund or Transfer Agent by telephone contained
in the current prospectus are hereby amended to change the telephone number to:
1-800-243-1574. The information under "How to Buy Shares through the Transfer
Agent" and "Selling your Shares BY MAIL through the Transfer Agent" remains
unchanged. If you have any questions about the Fund, you may contact a customer
service representative at 1-800-243-1574 (option 0), between 8:00 a.m. and 6:00
p.m., Eastern Time, Monday through Friday.
All references to the former Transfer Agent and Dividend Paying Agent contained
in the current prospectus and Statement of Additional Information are hereby
replaced with the above information.
INVESTORS SHOULD RETAIN THIS SUPPLEMENT WITH THE
PROSPECTUS AND STATEMENT OF ADDITIONAL INFORMATION FOR
FUTURE REFERENCE.
PXP 1205TA-R (9/99)
