ZWEIG GOVERNMENT CASH FUND
Supplement dated March 1, 1999
to the Prospectus dated May 1, 1998
The prospectus is changed as follows:
1. The name of the Fund is changed as follows:
From To
- ---- --
Zweig Government Cash Fund Phoenix-Zweig Government Cash Fund
The "Zweig Series Trust" is changed to "Phoenix-Zweig Trust"
2. On page 7, under the caption The manager and management fee, delete the
second sentence, and substitute the following sentences: "Zweig/Glaser Advisers
is a wholly owned subsidiary of Zweig/Glaser Advisers LLC, a wholly owned
subsidiary of Phoenix Investment Partners, Ltd. ("Phoenix"), a 60-percent owned
subsidiary of Phoenix Home Life Mutual Insurance Company. Phoenix is a large,
diversified financial services organization that provides a variety of
investment products and services to investors throughout the United States and
abroad, including management, administrative and distribution services to more
than 40 mutual funds. Phoenix is headquartered in Hartford, Connecticut, and its
common stock is listed on the New York Stock Exchange (Symbol: PXP).
Zweig/Glaser Advisers operates out of its offices in New York City."
3. On page 7, under the caption The distributor replace the first sentence with
the following language:
"Phoenix Equity Planning Corporation ("PEPCO") serves as the principal
distributor of shares of the Phoenix-Zweig Government Cash Fund."
