Phoenix Series Fund
Phoenix Aggressive Growth Fund Series
Supplement dated June 26, 1998 to Prospectus dated February 27, 1998
as supplemented February 27, 1998, April 8, 1998 and May 1, 1998
On June 25, 1998, the Board of Trustees of Phoenix Series Fund approved a
change of the portfolio management of the Aggressive Growth Fund, appointing
Roger Engemann & Associates, Inc. subadvisor for the Aggressive Growth Fund
through October 31, 1998 and recommending to shareholders that Roger Engemann &
Associates, Inc. be retained as subadvisor on a long-term basis. This
recommendation will be submitted to shareholders of the Aggressive Growth Fund
in a proxy statement in the coming months.
Management of the Funds
The following paragraph should be inserted as the last paragraph under the
heading "The Adviser" located on page 24 of the Prospectus.
Roger Engemann & Associates, Inc. ("REA") serves as subadvisor to the
Aggressive Growth Fund and as such is responsible for making investment
decisions and selecting broker-dealers to execute transactions for the
Aggressive Growth Fund. For its services, REA is paid a fee by the Adviser
equal to 0.20% of the average daily net assets of the Aggressive Growth
Fund up to $262 million, 0.35% of such value between $262 million and $1
billion, 0.325% of such value between $1 billion and $2 billion, and 0.30%
of such value in excess of $2 billion. REA has been an investment adviser
since 1969 and provides investment counseling services to retirement
plans, colleges, corporations, trusts and individuals. REA is a wholly
owned subsidiary of Pasadena Capital Corporation which in turn is a wholly
owned subsidiary of Phoenix Investment Partners, Ltd. REA's principal
office is located at 600 North Rosemead Boulevard, Pasadena, California
91107.
Investors should retain this supplement with the prospectus for future
reference.
PDP 393AG (6/98)
