PHOENIX SERIES FUND
497, 1998-12-15
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                               Phoenix Series Fund

                      Supplement dated December 15, 1998 to
           Statement of Additional Information dated February 27, 1998



         The disclosure contained in the Statement of Additional Information
dated February 27, 1998 under the heading "The Investment Adviser" on page 12 is
supplemented as follows:

         The following is inserted as the new third paragraph:

                  Phoenix Investment Partners, Ltd. (formerly Phoenix Duff &
         Phelps Corporation) is the 10th largest publicly traded investment
         company in the nation, and has served investors for over 70 years. It
         manages approximately $50 billion in assets through its seven
         investment partners: Aberdeen Fund Managers, Inc. (Aberdeen) in
         Aberdeen, London, Singapore and Fort Lauderdale; Duff & Phelps
         Investment Management Co. (Duff & Phelps) in Chicago and Cleveland;
         Roger Engemann & Associates, Inc. (Engemann) in Pasadena; Seneca
         Capital Management LLC (Seneca) in San Francisco; and Phoenix
         Investment Counsel, Inc. (Goodwin, Hollister, and Oakhurst divisions)
         in Hartford, Sarasota, and Scotts Valley, CA, respectively.


         Investors should retain this supplement with the Statement of
Additional Information for future reference.




PDP 427B/P (12/98)





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