THE PHOENIX-ENGEMANN FUNDS
Supplement dated January 10, 2000 to Statement of Additional Information
dated May 1, 1999, as supplemented July 9, 1999
and September 2, 1999 and October 29, 1999
The disclosure contained in the Statement of Additional Information dated May 1,
1999 is hereby supplemented as described below.
Under the heading "Portfolio Transactions and Brokerage," insert the
following paragraph as the last paragraph on page 13:
The Adviser may use its broker/dealer affiliates, or other firms that
sell shares of the Funds, to buy and sell securities for the Funds, provided
they have the execution capability and that their commission rates are
comparable to those of other unaffiliated broker/dealers. Directors of PXP
Securities Corp. or its affiliates receive indirect benefits from the Funds
as a result of its usual and customary brokerage commissions that PXP
Securities Corp. may receive for acting as broker to the Funds in the
purchase and sale of portfolio securities. The investment advisory agreement
does not provide for a reduction of the advisory fee by any portion of the
brokerage fees generated by portfolio transactions of the Funds that PXP
Securities Corp. may receive.
INVESTORS SHOULD RETAIN THIS SUPPLEMENT WITH THE STATEMENT OF ADDITIONAL
INFORMATION FOR FUTURE REFERENCE.
PXP 2011B/PSC (01/00)
