PHOENIX CALIFORNIA TAX EXEMPT BONDS, INC.
Supplement dated April 8, 1996 to
Prospectus dated August 28, 1995
as Supplemented October 20, 1995
MANAGEMENT OF THE FUND
The following replaces the paragraph under "Portfolio Manager" on page 11:
Mr. Timothy M. Heaney and Mr. James D. Wehr are Co-Managers of the Fund,
and as such, are primarily responsible for the day-to-day management of the
Fund's portfolio. Mr. Heaney has co-managed the Fund since March 1, 1996. Mr.
Wehr has managed the Fund since July 1993.
Mr. Heaney has been the Co-Manager of the Phoenix Tax-Exempt Bond Portfolio
since March 1, 1996. Mr. Heaney presently is an Investment Analyst with Phoenix
Investment Counsel ("PIC") and previously held a similar position from 1992 to
1994 with Phoenix Home LIfe Mutual Insurance Company. He held various positions
with Connecticut National Bank between 1990 and 1992.
Mr. Wehr has also served as a Vice President of PIC since 1991, and as a
Vice President of National Securities & Research Corporation since May 1993. Mr.
Wehr became the Portfolio Manager of Phoenix Tax Exempt Bond Portfolio in 1988
and a Co-Manager on March 1, 1996. Until November 1995, Mr. Wehr was also
Managing Director, Public Fixed Income, Phoenix Home Life Mutual Insurance
Company and held various positions with Phoenix Home Life since 1981.
TF 319 4/96
