<PAGE> 1
ZWEIG SERIES TRUST
SUPPLEMENT DATED NOVEMBER 9, 1995 TO THE
STATEMENT OF ADDITIONAL INFORMATION
DATED SEPTEMBER 1, 1995
REVISION TO LANGUAGE ON PAGE 10:
NET ASSET VALUE AND TAXES
First paragraph
For all Series except Zweig Cash Fund, the net asset value per share of
each class of shares is determined as of the close of regular trading on the
NYSE, on each day that the NYSE is open.
REVISION TO LANGUAGE ON PAGE 11:
Zweig Cash Fund. The net asset value per share of each class of shares is
determined at 2:00 p.m. New York time and as of the close of regular trading
on the NYSE, on each day the NYSE is open.
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ZWEIG CASH FUND
SUPPLEMENT DATED NOVEMBER 9, 1995 TO THE
STATEMENT OF ADDITIONAL INFORMATION
DATED SEPTEMBER 1, 1995
REVISION TO LANGUAGE ON PAGE 6:
NET ASSET VALUE AND TAXES
The net asset value of the Class M Shares is determined at 2:00 p.m. New
York time and as of the close of regular trading on the New York Stock Exchange
("NYSE"), on each day the NYSE is open.
REVISION TO LANGUAGE ON PAGE 10:
THE MANAGEMENT AGREEMENT - Fifth paragraph
The manager has voluntarily undertaken to limit expenses of the Fund
(exclusive of taxes, interest, brokerage commissions and transaction costs,
certain distribution fees described below and extraordinary expenses) to 0.35%
of its average net assets and reserves the right to discontinue this policy at
any time after April 30, 1996.
