Phoenix Strategic Allocation Fund, Inc.
Supplement dated December 15, 1998 to
Statement of Additional Information dated May 1, 1998
The disclosure contained in the Statement of Additional Information
dated May 1, 1998 under the heading "Services of the Adviser" on page 10 is
supplemented as follows:
The following is inserted as the new third paragraph:
Phoenix Investment Partners, Ltd. (formerly Phoenix Duff &
Phelps Corporation) is the 10th largest publicly traded investment
company in the nation, and has served investors for over 70 years. It
manages approximately $50 billion in assets through its seven
investment partners: Aberdeen Fund Managers, Inc. (Aberdeen) in
Aberdeen, London, Singapore and Fort Lauderdale; Duff & Phelps
Investment Management Co. (Duff & Phelps) in Chicago and Cleveland;
Roger Engemann & Associates, Inc. (Engemann) in Pasadena; Seneca
Capital Management LLC (Seneca) in San Francisco; and Phoenix
Investment Counsel, Inc. (Goodwin, Hollister, and Oakhurst divisions)
in Hartford, Sarasota, and Scotts Valley, CA, respectively.
Investors should retain this supplement with the Statement of
Additional Information for future reference.
PDP 458P (12/98)
