- --------------------------------------------------------------------------------
Rule 497(e)
File No. 2-93538
ZWEIG SERIES TRUST
Supplement dated March 11, 1996 to the
Statement of Additional Information dated September 1, 1995
A Special Meeting of Shareholders of the Trust is scheduled for April 19, 1996.
The purpose of the meeting is to approve a modernization program which will
allow the Trust to adapt to changing market, economic and regulatory events
rapidly. In addition to voting on authorizing the Trustees to adopt a pooled
fund structure and reclassifying and amending certain fundamental investment
policies, the Trust is seeking to change its domicile from Massachusetts to
Delaware.
Addition to language on page 16 as a new paragraph following the fifth full
paragraph:
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.
<PAGE>
ZWEIG CASH FUND
Supplement dated March 11, 1996 to the
Statement of Additional Information dated September 1, 1995
A Special Meeting of Shareholders of the Trust is scheduled for April 19, 1996.
The purpose of the meeting is to approve a modernization program which will
allow the Trust to adapt to changing market, economic and regulatory events
rapidly. In addition to voting on authorizing the Trustees to adopt a pooled
fund structure, the Trust is seeking to change its domicile from Massachusetts
to Delaware.
Revision to language on page 5:
Retirement Plans. The second paragraph is deleted in its entirety.
