Phoenix Worldwide Opportunities Fund
Supplement dated June 10, 1998 to Prospectus
dated October 30, 1997 as supplemented May 28, 1998
Effective June 1, 1998, National Securities & Research Corporation
("National") assigned its investment advisory contract to Phoenix Investment
Counsel, Inc. ("PIC"). PIC now serves as adviser for the Fund; however, this
change has no effect on the portfolio management of the Fund or on the
investment advisory fees paid by the Fund.
National and PIC are both subsidiaries of Phoenix Investment Partners,
Ltd. (formerly Phoenix Duff & Phelps Corporation). As National will no longer
serve as a registered investment adviser, management has decided to appoint PIC
as the adviser to the Fund. By this Supplement, all references to National in
the Prospectus and Statement of Additional Information are deleted and replaced
with PIC.
PIC, which is located at 56 Prospect Street, Hartford, Connecticut
06115, has served as an investment adviser for over sixty years. As of March 31,
1998, PIC managed over $21.4 billion in assets (including mutual funds and
institutional accounts).
Investors should retain this supplement with their prospectus for
future reference.
PXP 691M (6/98)
