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ZWEIG SERIES TRUST
SUPPLEMENT DATED NOVEMBER 9, 1995
TO THE PROSPECTUS DATED SEPTEMBER 1, 1995
REVISION TO FOOTNOTE (1) TO FEE TABLE ON PAGE 2 OF THE PROSPECTUS:
(1) The Manager has voluntarily undertaken to limit the expenses of Zweig
Cash Fund (exclusive of taxes, interest, brokerage commissions, certain
distribution fees and extraordinary expenses) to .35% of its average net assets
effective November 9, 1995. The Manager reserves the right to discontinue this
policy at any time after April 30, 1996.
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REVISIONS TO LANGUAGE ON PAGE 11 OF THE PROSPECTUS:
NET ASSET VALUE. Net asset values of each class of shares are calculated on
each day that the NYSE is open, at 2:00 p.m. New York time for Zweig Cash Fund
and as of the close of regular trading on the NYSE for Zweig Cash Fund and for
the other funds.
DISTRIBUTIONS AND TAXES. It declares this dividend at 2:00 p.m. New York
time on each day the NYSE is open.
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ADDITION TO LANGUAGE ON PAGE 12 OF THE PROSPECTUS:
EXCHANGE PRIVILEGE. All exchanges are effected as of the close of regular
trading on the NYSE.
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REVISION TO LANGUAGE ON PAGE 16 OF THE PROSPECTUS:
THROUGH THE TRANSFER AGENT BY TELEPHONE. The transfer agent must receive
your instructions before 2:00 p.m. New York time for Zweig Cash Fund in order to
redeem shares and receive Federal funds that day. For the other funds, the
transfer agent must receive your order before the close of regular trading on
the NYSE (presently 4 p.m.) in order to redeem shares that day.
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REVISION TO LANGUAGE ON PAGE 17 OF THE PROSPECTUS:
THE MANAGER AND MANAGEMENT FEE. The last sentence of paragraph 2 is deleted
in its entirety.
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ZWEIG CASH FUND
SUPPLEMENT DATED NOVEMBER 9, 1995
TO THE PROSPECTUS DATED MAY 1, 1995
REVISION TO LANGUAGE ON PAGE 2 OF THE PROSPECTUS:
FEE TABLE. The Manager has voluntarily undertaken to limit the expenses of
Zweig Cash Fund (exclusive of taxes, interest, brokerage commissions, certain
distribution fees and extraordinary expenses) to .35% of its average net assets
effective November 9, 1995. The Manager reserves the right to discontinue this
policy at any time after April 30, 1996.
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REVISIONS TO LANGUAGE ON PAGE 4 OF THE PROSPECTUS:
The second paragraph is deleted in its entirety.
NET ASSET VALUE. The net asset value of each class of shares of the fund
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.
DISTRIBUTIONS AND TAXES. The fund declares dividends at 2:00 p.m. New York
time on each day the NYSE is open, of all its net income, including: accrued
interest, earned discounts, and realized gains and losses, less amortized
premiums and accrued expenses.
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REVISIONS TO LANGUAGE ON PAGE 5 OF THE PROSPECTUS:
HOW TO BUY SHARES. The minimum initial investment is $10,000, except for
service organizations whose clients have made aggregate minimum purchases of
$1,000,000, the minimum is $1,000. Purchase orders received by the transfer
agent by 2:00 p.m. New York time earn dividends that day if payment is received
in Federal funds by 4:00 p.m. New York time.
THROUGH THE TRANSFER AGENT BY TELEPHONE. The transfer agent must receive
your instructions before 2:00 p.m. New York time in order to redeem shares and
receive Federal funds that day.
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REVISION TO LANGUAGE ON PAGE 6 OF THE PROSPECTUS:
MINIMUM ACCOUNT SIZE. If your account balance falls below $10,000 as a
result of redeeming shares, you may be given 60 days notice to reestablish the
minimum balance.
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REVISION TO LANGUAGE ON PAGE 7 OF THE PROSPECTUS:
THE MANAGER AND MANAGEMENT FEE. The last sentence is deleted in its
entirety.
