PHOENIX WORLDWIDE OPPORTUNITIES FUND
497, 1996-07-19
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                      PHOENIX WORLDWIDE OPPORTUNITIES FUND
                        Supplement dated July 19, 1996 to
                        Prospectus dated October 30, 1995


The Portfolio Managers

         The following replaces the paragraph under "The Portfolio Managers" on
page 9 of the Prospectus:

         Ms. Jeanne H. Dorey and Mr. David Lui are the co-portfolio managers of
the Fund and as such are primarily responsible for the day-to-day management of
the Fund's investments. Ms. Dorey is also Portfolio Manager of the International
Portfolio of Phoenix Multi-Portfolio Fund and the International Series of The
Phoenix Edge Series Fund, both advised by Phoenix Investment Counsel, Inc.
("PIC"), an affiliate of National. Ms. Dorey has served as Vice President of PIC
since April 1993, and as Portfolio Manager of the Fund, Phoenix International
Portfolio and Phoenix International Series since February 1993. Since May 1993,
she has also served as Vice President of National and of the Fund. From 1990 to
1992, Ms. Dorey was an Investment Analyst and Portfolio Manager with Pioneer
Group, Inc. Mr. Lui is also Co-Portfolio Manager of the International Portfolio
of Phoenix Multi-Portfolio Fund and the International Series of The Phoenix Edge
Series Fund. Mr. Lui previously served as Associate Portfolio Manager of such
funds since June 1995. From 1993 to 1995, Mr. Lui was Vice President of Asian
Equities at Alliance Capital Management and from 1990 to 1993, he was an
Associate, Capital Markets, at Bankers Trust.


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