PHOENIX TOTAL RETURN FUND, INC.
Supplement dated September 11, 1996 to
Prospectus dated May 1, 1996
as supplemented July 8, 1996
The Portfolio Manager
The following replaces the paragraph under "The Portfolio Manager" on page 11 of
the Prospectus:
Ms. Mary E. Canning is the manager of the Fund and as such, is
primarily responsible for the day-to-day management of the Fund's portfolio.
Ms. Canning has served as manager of the Fund since August 1996 and as
co-manager since June 1996. She has been a Vice President of Phoenix
Investment Counsel, Inc. since 1991 and is also a Vice President of Phoenix
Series Fund (since 1987) and the Phoenix Edge Series Fund (since 1987). From
June 1991 to November 1995, Ms. Canning was Associate Portfolio Manager,
Common Stock, Phoenix Home Life Mutual Insurance Company and held various
other positions with Phoenix Home Life from 1982 to 1991.
