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ZWEIG SERIES TRUST
SUPPLEMENT DATED JULY 5, 1995
TO THE PROSPECTUS DATED MAY 1, 1995
SHAREHOLDERS OF ZWEIG MANAGED ASSETS
Revision to language on page 5 of the prospectus:
ZWEIG MANAGED ASSETS: Effective on or about September 1, 1995, the fund's
allowable investment in foreign securities will be increased from 40% to 50% of
the fund's assets as conditions warrant. The fund's maximum allowable allocation
of assets in stocks will be increased from 50% to 60%. A neutral mix will
consist of 35% stocks, 35% bonds and 30% cash equivalents.
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SHAREHOLDERS OF ZWEIG MANAGED ASSETS AND GOVERNMENT SECURITIES SERIES
Revision to language on page 6 of the prospectus:
THE PORTFOLIO MANAGERS: Carlton Neel became the portfolio manager for
Zweig Managed Assets and Government Securities Series on July 5, 1995. Mr. Neel
is a First Vice President of the Trust. Mr. Neel received a dual B.A. in
Economics and Political Science from Brown University. Prior to joining the
Zweig Organization, Mr. Neel was a Vice President with J.P. Morgan & Co., Inc.
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SHAREHOLDERS OF ALL ZWEIG MUTUAL FUNDS
Revision to language on page 15 of the prospectus:
BUYING SHARES FROM AN INVESTMENT DEALER. If you invest through an
investment dealer or agent, that firm may have its own service features,
transaction charges and fees. This prospectus should be read in conjunction with
such firm's material regarding their fees and services.
