[logo]PHOENIX PHOENIX EQUITY PLANNING CORPORATION
INVESTMENT PARTNERS 101 Munson Street Toll Free 800 243-1574
PO Box 88
Greenfield MA 01302-0088
July 23, 1999
Dear Series Fund Shareholder:
We recently sent you a package containing a Proxy Statement requesting your vote
on a number of proposals, including the election of Trustees. It has come to our
attention that on the proxy ballot included in your package the last names of
two nominees for Trustee were spelled incorrectly: Robert Chesek's last name was
spelled "Chesck" and Lowell P. Weicker, Jr.'s last name was spelled "Wolcker."
The information in the Proxy Statement concerning Mr. Chesek and Governor
Weicker is correct. We wish to make you aware of these errors and to advise you
that your votes with respect to "R. Chesck" and "L. Wolcker" will be considered
voted with respect to Robert Chesek and Lowell P. Weicker, Jr., respectively.
If you wish to revoke your earlier proxy, you may do so at any time before it is
exercised by executing and submitting to the Trust a later-dated proxy or
written notice of revocation or by attending the meeting and voting in person.
We apologize for this error and any inconvenience or confusion it may have
caused you. If you have any questions, please call 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.
Sincerely,
/s/Philip R. McLoughlin
Philip R. McLoughlin
President, Phoenix Funds
Mutual funds and variable annuities distributed by Phoenix Equity Planning
Corporation.
100 Bright Meadow Boulevard, PO Box 2200, Enfield, CT 06083-2200. 800 243-4361
