Phoenix-Engemann Funds
Supplement dated December 15, 1998 to
Statement of Additional Information dated April 30, 1998
The disclosure contained in the Statement of Additional Information
dated April 30, 1998 under the heading "Services of the Adviser" on page 14 is
supplemented as follows:
The following is inserted after the last paragraph:
The Adviser is an indirect subsidiary of Phoenix Investment
Partners, Ltd. (formerly Phoenix Duff & Phelps Corporation). Phoenix
Investment Partners, Ltd. is the 10th largest publicly traded
investment company in the nation, and has served investors for over 70
years. It manages approximately $50 billion in assets through its seven
investment partners: Aberdeen Fund Managers, Inc. (Aberdeen) in
Aberdeen, London, Singapore and Fort Lauderdale; Duff & Phelps
Investment Management Co. (Duff & Phelps) in Chicago and Cleveland;
Roger Engemann & Associates, Inc. (Engemann) in Pasadena; Seneca
Capital Management LLC (Seneca) in San Francisco; and Phoenix
Investment Counsel, Inc. (Goodwin, Hollister, and Oakhurst divisions)
in Hartford, Sarasota, and Scotts Valley, CA, respectively.
Investors should retain this supplement with the Statement of
Additional Information for future reference.
PDP 2011B/P (12/98)
