Phoenix Worldwide Opportunities Fund
Supplement dated May 28, 1998 to Prospectus dated October 30, 1997
On May 27, 1998, the Board of Trustees of Phoenix Worldwide Opportunities
Fund approved a change of the portfolio management of the Fund and has
recommended to shareholders that Aberdeen Fund Managers, Inc. be retained as
subadvisor. This recommendation will be submitted to shareholders in a proxy
statement in the coming months.
Management of the Fund
The following replaces the paragraph under the heading "The Portfolio Managers"
located on page 9 of the Prospectus.
The investment and trading decisions for the Fund are made by a team of the
Adviser's equity investment professionals. The Adviser has retained
Aberdeen Fund Managers, Inc. for advice and assistance in making investment
and trading decisions. Aberdeen Fund Managers, Inc. does not have
discretionary authority to manage the Fund.
Investors should retain this supplement with their prospectus for future
reference.
