PHOENIX-ABERDEEN WORLDWIDE OPPORTUNITIES FUND
Supplement dated March 17, 2000 to
Prospectus dated October 29, 1999
Effective April 3, 2000, the maximum sales charge payable on Class A Shares
of the fund will be 5.75%. The reduced sales charges payable on investments over
certain amounts and the dealer discounts applicable to Class A Shares have also
changed. These changes do not affect shareholders' existing investments in the
fund. However, any future investments in Class A Shares on or after April 3,
2000, including amounts invested under an automatic investment plan, will be
subject to the revised sales charge schedule. The prospectus is hereby amended
as described below.
The chart below provides restated Class A share average annual total returns
(for calendar year periods) for the fund based on the deduction of the new
maximum sales charge of 5.75%. This chart replaces Class A share performance
information on page 3 in the current prospectus. All other performance
information contained in the current prospectus remains unchanged.
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------- ------------------ ------------------ -------------------
AVERAGE ANNUAL TOTAL RETURNS (for periods ending 12/31/98)(1) ONE YEAR FIVE YEARS TEN YEARS
- ------------------------------------------------------------------------- ------------------ ------------------ -------------------
<S> <C> <C> <C>
Class A Shares 23.67% 13.30% 10.79%
- ------------------------------------------------------------------------- ------------------ ------------------ -------------------
</TABLE>
(1) Average annual total returns in the table above reflect the deduction
of the maximum sales charge (5.75%) for an investment in the fund's
Class A shares.
The "Fund Expenses" tables on page 4 of the current prospectus is amended to
reflect that the maximum sales charge (load) imposed on purchases of Class A
Shares, as a percentage of the offering price, is 5.75%.
The first of the Example tables in the current prospectus on pages 4 and 5 is
amended as follows:
<TABLE>
<CAPTION>
- ---------------------------------------------------------- ----------------- ----------------- ---------------- -----------------
1 YEAR 3 YEARS 5 YEARS 10 YEARS
- ---------------------------------------------------------- ----------------- ----------------- ---------------- -----------------
<S> <C> <C> <C> <C>
Class A Shares $714 $1,077 $1,322 $2,210
- ---------------------------------------------------------- ----------------- ----------------- ---------------- -----------------
</TABLE>
All other information contained in the Example tables remains unchanged.
Under the heading "Sales Charges: Class A Shares" on page 12 of the current
prospectus, the first sentence is amended to read: "If you purchase Class A
Shares, you will pay a sales charge at the time of purchase equal to 5.75% of
the offering price (6.10% of the amount invested)." The remainder of that
paragraph remains unchanged.
The table under the heading "Sales Charge you may pay to purchase Class A
Shares" on page 13 of the current prospectus is replaced in its entirety by the
following:
<TABLE>
<CAPTION>
SALES CHARGES AS A PERCENTAGE OF
--------------------------------
AMOUNT OF TRANSACTION AT OFFERING PRICE OFFERING PRICE NET AMOUNT INVESTED
- --------------------------------------- -------------- -------------------
<S> <C> <C>
Under $50,000 5.75% 6.10%
$50,000 but under $100,000 4.75% 4.99%
$100,000 but under $250,000 3.75% 3.90%
$250,000 but under $500,000 2.75% 2.83%
$500,000 but under $1,000,000 2.00% 2.04%
$1,000,000 or more None None
</TABLE>
INVESTORS SHOULD RETAIN THIS SUPPLEMENT WITH THE PROSPECTUS
FOR FUTURE REFERENCE.
PXP 691/SC (3/00)
<PAGE>
PHOENIX-ABERDEEN WORLDWIDE OPPORTUNITIES FUND
Supplement dated March 17, 2000 to
Statement of Additional Information dated October 29, 1999,
as supplemented January 10, 2000
Effective April 3, 2000, the maximum sales charge payable on Class A Shares
of the funds will be 5.75%. The reduced sales charges payable on investments
over certain amounts and the dealer discounts applicable to Class A Shares have
also changed. These changes do not affect shareholders' existing investments in
the fund. However, any future investments in Class A Shares on or after April 3,
2000, including amounts invested under an automatic investment plan, will be
subject to the revised sales charge schedule. The Statement of Additional
Information is hereby amended as described below.
The chart below provides restated Class A share average annual total returns
(for fiscal year periods) for each of the funds based on the deduction of the
new maximum sales charge of 5.75%. This chart replaces Class A share performance
information under the heading "Performance Information" on page 5, paragraph 4,
of the current Statement of Additional Information. All other performance
information contained in the current Statement of Additional Information remains
unchanged.
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------- ---------------- ---------------- -----------------
AVERAGE ANNUAL TOTAL RETURNS (for periods ending 6/30/99)(1) ONE YEAR FIVE YEARS TEN YEARS
- ------------------------------------------------------------------------- ---------------- ---------------- -----------------
<S> <C> <C> <C>
Class A Shares 2.64% 14.62% 11.11%
- ------------------------------------------------------------------------- ---------------- ---------------- -----------------
</TABLE>
(1) Average annual total returns in the table above reflect the deduction
of the maximum sales charge (5.75%) for an investment in the fund's
Class A shares.
Under the heading "Performance Information" of the current Statement of
Additional Information on page 5, the third and fourth sentences in paragraph 5
are amended to read as follows: "Calculation of aggregate total return reflects
payment of the Class A Shares' maximum sales charge of 5.75% and assumes
reinvestment of all income dividends and capital gain distributions during the
period. Based on the foregoing, the Class A Share's aggregate total return
quotation for the period commencing May 13, 1960 and ending June 30, 1999 was
3,292.03%." The remainder of that paragraph remains unchanged.
The table under the heading "Dealer Concessions" on page 16 of the current
Statement of Additional Information is replaced in its entirety by the
following:
<TABLE>
<CAPTION>
SALES CHARGES AS A PERCENTAGE OF DEALER DISCOUNT AS A
-------------------------------- --------------------
AMOUNT OF TRANSACTION AT OFFERING PRICE OFFERING PRICE NET AMOUNT INVESTED PERCENTAGE OF OFFERING PRICE
- --------------------------------------- -------------- ------------------- ----------------------------
<S> <C> <C> <C>
Under $50,000 5.75% 6.10% 5.25%
$50,000 but under $100,000 4.75% 4.99% 4.25%
$100,000 but under $250,000 3.75% 3.90% 3.25%
$250,000 but under $500,000 2.75% 2.83% 2.25%
$500,000 but under $1,000,000 2.00% 2.04% 1.75%
$1,000,000 or more None None None
</TABLE>
INVESTORS SHOULD RETAIN THIS SUPPLEMENT WITH THE STATEMENT
OF ADDITIONAL INFORMATION FOR FUTURE REFERENCE.
PXP 691B/SC (3/00)
