Phoenix Series Fund
Phoenix Convertible Fund Series
Supplement dated May 1, 1998 to Prospectus dated February 27, 1998
as supplemented February 27, 1998 and April 8, 1998
On May 1, 1998, the Board of Trustees of Phoenix Series Fund (the
"Trust") unanimously approved an Agreement and Plan of Reorganization (the
"Agreement") relating to the proposed combination of the Phoenix Convertible
Fund Series of the Trust and Phoenix Income and Growth Fund.
Pursuant to the Agreement, the Convertible Fund will transfer all or
substantially all of its assets to the Income and Growth Fund in exchange for
shares of the Income and Growth Fund and the assumption by the Income and Growth
Fund of certain identified liabilities of the Convertible Fund. Following the
exchange, the Convertible Fund will distribute the shares of the Income and
Growth Fund to its shareholders pro rata, in liquidation of the Convertible
Fund. The effectiveness of these transactions is subject to the satisfaction of
a number of conditions, including approval by shareholders of the Convertible
Fund. It is currently anticipated that these matters will be submitted for a
vote at a meeting of shareholders to be held on or about June 30, 1998.
Investors should retain this supplement with the prospectus for future
reference.
PDP 393CV (5/98)
