PHOENIX HOME LIFE VARIABLE ACCUMULATION ACCOUNT
PHOENIX HOME LIFE MUTUAL INSURANCE COMPANY
GROUP STRATEGIC EDGE(R)
THE BIG EDGE CHOICE(R) FOR NEW YORK
THE BIG EDGE PLUS(R)
SUPPLEMENT DATED AUGUST 15, 2000 TO PROSPECTUS DATED MAY 1, 2000
The information contained in this supplement updates
and revises your prospectus.
================================================================================
THE FOLLOWING INVESTMENT OPTIONS ARE ADDED TO THE FIRST PAGE OF YOUR PROSPECTUS:
THE PHOENIX EDGE SERIES FUND
----------------------------
MANAGED BY PHOENIX INVESTMENT COUNSEL, INC.
[diamond] Phoenix-Engemann Small & Mid-Cap Growth Series
MANAGED BY PHOENIX VARIABLE ADVISORS, INC.
[diamond] Phoenix-Bankers Trust Nasdaq-100 Index(R) Series
THESE FUNDS ARE NOT YET AVAILABLE TO CALIFORNIA RESIDENTS AND ARE PENDING
CALIFORNIA STATE APPROVAL.
================================================================================
THE FOLLOWING INFORMATION IS ADDED TO THE SECTION TITLED "SUMMARY OF EXPENSES":
<TABLE>
<CAPTION>
FUND ANNUAL EXPENSES (AS A PERCENTAGE OF FUND AVERAGE NET ASSETS)
---------------------------------------------------------------------------------------------------------------------------
OTHER EXPENSES TOTAL EXPENSES TOTAL EXPENSES
SERIES MANAGEMENT RULE 12b-1 BEFORE BEFORE AFTER
FEES FEES REIMBURSEMENT REIMBURSEMENT REIMBURSEMENT
---------------------------------------------------------------------------------------------------------------------------
THE PHOENIX EDGE SERIES FUND
---------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
Phoenix-Bankers Trust Nasdaq-100 Index(R) .35% N/A .45% .80%(1) .50%(2)
Phoenix-Engemann Small & Mid-Cap Growth .90% N/A .70% 1.60%(1) 1.15%(2)
---------------------------------------------------------------------------------------------------------------------------
</TABLE>
1 Each series pays a portion or all of its expenses other than the management
fee. The Phoenix-J.P. Morgan Research Enhanced Index Series will pay up to
.10%; the Phoenix-Engemann Capital Growth, Phoenix-Goodwin Multi-Sector Fixed
Income, Phoenix-Oakhurst Strategic Allocation, Phoenix-Goodwin Money Market,
Phoenix-Oakhurst Balanced, Phoenix-Engemann Nifty Fifty, Phoenix-Oakhurst
Growth and Income, Phoenix-Hollister Value Equity, Phoenix-Schafer Mid-Cap
Value, Phoenix-Bankers Trust Dow 30, Phoenix-Federated U.S. Government,
Phoenix-Janus Equity Income, Phoenix-Janus Flexible Income, Phoenix-Janus
Growth, Phoenix-Bankers Trust Nasdaq-100 Index(R) and Phoenix-Morgan Stanley
Focus Equity Series will pay up to .15%; the Phoenix-Duff & Phelps Real
Estate Securities, Phoenix-Seneca Strategic Theme, Phoenix-Aberdeen New Asia,
Phoenix-Engemann Small & Mid-Cap Growth and Phoenix-Seneca Mid-Cap Growth
Series will pay up to .25%; and the Phoenix-Aberdeen International Series
will pay up to .40%. The Wanger Foreign Forty will pay up to .45%, the Wanger
U.S. Small Cap Series will pay up to .50%, the Wanger International Small Cap
will pay up to .60%, and the Wanger Twenty will pay up to .40%.
2 Reflects the effect of any management fee waivers and reimbursement of
expenses.
TF 623 Page 1 of 3
<PAGE>
SUMMARY OF EXPENSES (CONTINUED)
It is impossible to show you what expenses you would incur if you purchased a
contract because there are so many different factors, which affect expenses.
However, the following tables are meant to help demonstrate how certain
decisions or choices by you could result in different levels of expense.
EXAMPLES--THE INFORMATION INCLUDED IN THESE EXAMPLES APPLIES TO ALL CONTRACTS
EXCEPT NEW YORK INDIVIDUAL CONTRACTS ISSUED ON OR AFTER MAY 1, 1997:
If you surrender your contract at the end of the applicable period, you would
pay the following expenses on a $1,000 investment assuming 5% annual return on
assets:
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------------------------
1 YEAR 3 YEARS 5 YEARS 10 YEARS
------ ------- ------- --------
<S> <C> <C> <C> <C>
Phoenix-Bankers Trust Nasdaq-100 Index(R) Series.............. $78 $108 N/A N/A
Phoenix-Engemann Small & Mid-Cap Growth Series................ 85 131 N/A N/A
If you annuitize your contract at the end of the applicable period, you would pay the following expenses on a $1,000
investment assuming 5% annual return on assets:
---------------------------------------------------------------------------------------------------------------------------
1 YEAR 3 YEARS 5 YEARS 10 YEARS
------ ------- ------- --------
Phoenix-Bankers Trust Nasdaq-100 Index(R) Series.............. $78 $108 N/A N/A
Phoenix-Engemann Small & Mid-Cap Growth Series................ 85 131 N/A N/A
If you do not surrender your contract, you would pay the following expenses on a $1,000 investment assuming 5% annual
return on assets:
--------------------------------------------------------------------------------------------------------------------------
1 YEAR 3 YEARS 5 YEARS 10 YEARS
------ ------- ------- --------
Phoenix-Bankers Trust Nasdaq-100 Index(R) Series.............. $22 $69 N/A N/A
Phoenix-Engemann Small & Mid-Cap Growth Series................ 30 93 N/A N/A
</TABLE>
EXAMPLES--THE INFORMATION INCLUDED IN THESE EXAMPLES APPLIES TO NEW YORK
INDIVIDUAL CONTRACTS ISSUED ON OR AFTER MAY 1, 1997:
If you surrender your contract at the end of the applicable time period, you
would pay the following expenses on a $1,000 investment assuming 5% annual
return on assets:
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------------
1 YEAR 3 YEARS 5 YEARS 10 YEARS
------ ------- ------- --------
<S> <C> <C> <C> <C>
Phoenix-Bankers Trust Nasdaq-100 Index(R) Series.............. $86 $116 N/A N/A
Phoenix-Engemann Small & Mid-Cap Growth Series................ 94 140 N/A N/A
If you annuitize your contract at the end of the applicable time period, you would pay the following expenses on a $1,000
investment assuming 5% annual return on assets:
--------------------------------------------------------------------------------------------------------------------------
1 YEAR 3 YEARS 5 YEARS 10 YEARS
------ ------- ------- --------
Phoenix-Bankers Trust Nasdaq-100 Index(R) Series.............. $86 $116 N/A N/A
Phoenix-Engemann Small & Mid-Cap Growth Series................ 94 140 N/A N/A
If you do not surrender your contract, you would pay the following expenses on a $1,000 investment assuming 5% annual
return on assets:
--------------------------------------------------------------------------------------------------------------------------
1 YEAR 3 YEARS 5 YEARS 10 YEARS
------ ------- ------- --------
Phoenix-Bankers Trust Nasdaq-100 Index(R) Series.............. $23 $71 N/A N/A
Phoenix-Engemann Small & Mid-Cap Growth Series................ 31 95 N/A N/A
</TABLE>
TF 623 Page 2 of 3
<PAGE>
================================================================================
THE FOLLOWING SERIES ARE ADDED TO THE SECTION TITLED "INVESTMENTS OF THE
ACCOUNT":
PHOENIX-BANKERS TRUST NASDAQ-100 INDEX(R) SERIES: This non-diversified
series seeks to track the total return of the Nasdaq-100 Index(R) ("Index")
before fund expenses. The series is "passively" managed (it invests in the same
companies in the same proportions as the Index). The series may invest in equity
equivalents in an attempt to improve cash flow and reduce transaction costs,
while replicating investments in the Index.
PHOENIX-ENGEMANN SMALL & MID-CAP GROWTH SERIES: The series seeks to achieve
its objective of long-term growth of capital by normally investing at least 65%
of assets in equities of "small-cap" and "mid-cap" companies (market
capitalization under $1.5 billion). Expected emphasis will be on investments in
common stocks of U.S. corporations that have rapidly growing earnings per share.
Stocks are generally sold when characteristics such as growth rate, competitive
advantage, or price render the stock unattractive. The advisor may change the
asset allocation or temporarily take up a defensive investment strategy
depending on market conditions.
================================================================================
THE FOLLOWING ADVISORS, SUBADVISORS AND INVESTMENT OPTIONS ARE ADDED TO THE
SECTION TITLED "INVESTMENT ADVISORS":
INVESTMENT ADVISOR: PHOENIX INVESTMENT COUNSEL, INC.
SUBADVISOR: ROGER ENGEMANN & ASSOCIATES, INC.
[diamond] Phoenix-Engemann Small & Mid-Cap Growth Series
INVESTMENT ADVISOR: PHOENIX VARIABLE ADVISORS, INC.
SUBADVISOR: BANKERS TRUST COMPANY
[diamond] Phoenix-Bankers Trust Nasdaq-100 Index(R) Series
================================================================================
KEEP THIS SUPPLEMENT WITH YOUR PROSPECTUS FOR FUTURE REFERENCE.
TF 623 Page 3 of 3
<PAGE>
PHOENIX HOME LIFE VARIABLE ACCUMULATION ACCOUNT
PHOENIX HOME LIFE MUTUAL INSURANCE COMPANY
THE PHOENIX EDGE(R)--VA FOR NEW YORK
SUPPLEMENT DATED AUGUST 15, 2000 TO PROSPECTUS DATED MAY 1, 2000
The information contained in this supplement updates and revises
your prospectus.
================================================================================
THE FOLLOWING INVESTMENT OPTIONS ARE ADDED TO THE FIRST PAGE OF YOUR PROSPECTUS:
THE PHOENIX EDGE SERIES FUND
----------------------------
MANAGED BY PHOENIX INVESTMENT COUNSEL, INC.
[diamond] Phoenix-Engemann Small & Mid-Cap Growth Series
MANAGED BY PHOENIX VARIABLE ADVISORS, INC.
[diamond] Phoenix-Bankers Trust Nasdaq-100 Index(R) Series
THESE FUNDS ARE NOT YET AVAILABLE TO CALIFORNIA RESIDENTS AND ARE
PENDING CALIFORNIA STATE APPROVAL.
================================================================================
THE FOLLOWING INFORMATION IS ADDED TO THE SECTION TITLED "SUMMARY OF EXPENSES":
<TABLE>
<CAPTION>
FUND ANNUAL EXPENSES (AS A PERCENTAGE OF FUND AVERAGE NET ASSETS)
---------------------------------------------------------------------------------------------------------------------------
OTHER EXPENSES TOTAL EXPENSES TOTAL EXPENSES
SERIES MANAGEMENT RULE 12b-1 BEFORE BEFORE AFTER
FEES FEES REIMBURSEMENT REIMBURSEMENT REIMBURSEMENT
---------------------------------------------------------------------------------------------------------------------------
THE PHOENIX EDGE SERIES FUND
---------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
Phoenix-Bankers Trust Nasdaq-100 Index(R) .35% N/A .45% .80%(1) .50%(2)
Phoenix-Engemann Small & Mid-Cap Growth .90% N/A .70% 1.60%(1) 1.15%(2)
---------------------------------------------------------------------------------------------------------------------------
</TABLE>
1 Each series pays a portion or all of its expenses other than the management
fee. The Phoenix-J.P. Morgan Research Enhanced Index Series will pay up to
.10%; the Phoenix-Engemann Capital Growth, Phoenix-Goodwin Multi-Sector Fixed
Income, Phoenix-Oakhurst Strategic Allocation, Phoenix-Goodwin Money Market,
Phoenix-Oakhurst Balanced, Phoenix-Engemann Nifty Fifty, Phoenix-Oakhurst
Growth and Income, Phoenix-Hollister Value Equity, Phoenix-Schafer Mid-Cap
Value, Phoenix-Bankers Trust Dow 30, Phoenix-Federated U.S. Government,
Phoenix-Janus Equity Income, Phoenix-Janus Flexible Income, Phoenix-Janus
Growth, Phoenix-Bankers Trust Nasdaq-100 Index(R) and Phoenix-Morgan Stanley
Focus Equity Series will pay up to .15%; the Phoenix-Duff & Phelps Real
Estate Securities, Phoenix-Seneca Strategic Theme, Phoenix-Aberdeen New Asia,
Phoenix-Engemann Small & Mid-Cap Growth and Phoenix-Seneca Mid-Cap Growth
Series will pay up to .25%; and the Phoenix-Aberdeen International Series
will pay up to .40%. The Wanger Foreign Forty will pay up to .45%, the Wanger
U.S. Small Cap Series will pay up to .50%, the Wanger International Small Cap
will pay up to .60%, and the Wanger Twenty will pay up to .40%.
2 Reflects the effect of any management fee waivers and reimbursement of
expenses.
TF 627 Page 1 of 3
<PAGE>
SUMMARY OF EXPENSES (CONTINUED)
It is impossible to show you what expenses you would incur if you purchased a
contract because there are so many different factors, which affect expenses.
However, the following tables are meant to help demonstrate how certain
decisions or choices by you could result in different levels of expense.
EXAMPLES--
If you surrender your contract at the end of the applicable period, you would
pay the following expenses on a $1,000 investment assuming 5% annual return on
assets:
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
BENEFIT OPTION 1 CONTRACTS 1 YEAR 3 YEARS 5 YEARS 10 YEARS
-------------------------- ------ ------- ------- --------
Phoenix-Bankers Trust Nasdaq-100 Index(R) Series.............. $82 $112 N/A N/A
Phoenix-Engemann Small & Mid-Cap Growth Series................ 90 136 N/A N/A
---------------------------------------------------------------------------------------------------------------------------
BENEFIT OPTION 2 CONTRACTS 1 YEAR 3 YEARS 5 YEARS 10 YEARS
-------------------------- ------ ------- ------- --------
Phoenix-Bankers Trust Nasdaq-100 Index(R) Series.............. $85 $123 N/A N/A
Phoenix-Engemann Small & Mid-Cap Growth Series................ 93 147 N/A N/A
If you annuitize your contract at the end of the applicable period, you would pay the following expenses on a $1,000
investment assuming 5% annual return on assets:
---------------------------------------------------------------------------------------------------------------------------
BENEFIT OPTION 1 CONTRACTS 1 YEAR 3 YEARS 5 YEARS 10 YEARS
-------------------------- ------ ------- ------- --------
Phoenix-Bankers Trust Nasdaq-100 Index(R) Series.............. $82 $112 N/A N/A
Phoenix-Engemann Small & Mid-Cap Growth Series................ 90 136 N/A N/A
---------------------------------------------------------------------------------------------------------------------------
BENEFIT OPTION 2 CONTRACTS 1 YEAR 3 YEARS 5 YEARS 10 YEARS
-------------------------- ------ ------- ------- --------
Phoenix-Bankers Trust Nasdaq-100 Index(R) Series.............. $85 $123 N/A N/A
Phoenix-Engemann Small & Mid-Cap Growth Series................ 93 147 N/A N/A
If you do not surrender your contract, you would pay the following expenses on a $1,000 investment assuming 5% annual
return on assets:
---------------------------------------------------------------------------------------------------------------------------
BENEFIT OPTION 1 CONTRACTS 1 YEAR 3 YEARS 5 YEARS 10 YEARS
-------------------------- ------ ------- ------- --------
Phoenix-Bankers Trust Nasdaq-100 Index(R) Series.............. $19 $58 N/A N/A
Phoenix-Engemann Small & Mid-Cap Growth Series................ 27 82 N/A N/A
---------------------------------------------------------------------------------------------------------------------------
BENEFIT OPTION 2 CONTRACTS 1 YEAR 3 YEARS 5 YEARS 10 YEARS
-------------------------- ------ ------- ------- --------
Phoenix-Bankers Trust Nasdaq-100 Index(R) Series.............. $22 $69 N/A N/A
Phoenix-Engemann Small & Mid-Cap Growth Series................ 30 93 N/A N/A
===============================================================================================================================
</TABLE>
THE FOLLOWING SERIES ARE ADDED TO THE SECTION TITLED "INVESTMENTS OF THE
ACCOUNT":
PHOENIX-BANKERS TRUST NASDAQ-100 INDEX(R) SERIES: This non-diversified
series seeks to track the total return of the Nasdaq-100 Index(R) ("Index")
before fund expenses. The series is "passively" managed (it invests in the same
companies in the same proportions as the Index). The series may invest in equity
equivalents in an attempt to improve cash flow and reduce transaction costs,
while replicating investments in the Index.
PHOENIX-ENGEMANN SMALL & MID-CAP GROWTH SERIES: The series seeks to achieve
its objective of long-term growth of capital by normally investing at least 65%
of assets in equities of "small-cap" and "mid-cap" companies (market
capitalization under $1.5 billion). Expected emphasis will be on investments in
common stocks of U.S. corporations that have rapidly growing earnings per share.
Stocks are generally sold when characteristics such as growth rate, competitive
advantage, or price render the stock unattractive. The advisor may change the
asset allocation or temporarily take up a defensive investment strategy
depending on market conditions.
TF 627 Page 2 of 3
<PAGE>
================================================================================
THE FOLLOWING ADVISORS, SUBADVISORS AND INVESTMENT OPTIONS ARE ADDED TO THE
SECTION TITLED "INVESTMENT ADVISORS":
INVESTMENT ADVISOR: PHOENIX INVESTMENT COUNSEL, INC.
SUBADVISOR: ROGER ENGEMANN & ASSOCIATES, INC.
[diamond] Phoenix-Engemann Small & Mid-Cap Growth Series
INVESTMENT ADVISOR: PHOENIX VARIABLE ADVISORS, INC.
SUBADVISOR: BANKERS TRUST COMPANY
[diamond] Phoenix-Bankers Trust Nasdaq-100 Index(R) Series
================================================================================
KEEP THIS SUPPLEMENT WITH YOUR PROSPECTUS FOR FUTURE REFERENCE.
TF 627 Page 3 of 3
