Phoenix Series Fund
Supplement dated April 8, 1998 to Prospectus
dated February 27, 1998 as supplemented February 27, 1998
The Portfolio Managers
The following replaces the paragraph under the heading "High Yield Fund" located
on page 24 of the Prospectus.
Portfolio management decisions for the High Yield Fund are made
by a team of fixed income investment professionals lead by
Timothy P. Norman, Managing Director, Fixed Income, of PIC. Mr.
Norman is also Executive Vice President of Duff & Phelps
Investment Management Co., an affiliate of the Adviser, where he
serves as a senior member of the fixed income management group
responsible for the management of approximately $10 billion. Mr.
Norman is a Chartered Financial Analyst and has held various
investment management positions with Duff & Phelps Investment
Management Co. since 1987.
