SUPPLEMENT TO
THE PHOENIX EDGE SERIES FUND
PROSPECTUS DATED MAY 1, 1996
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Under "Financial Highlights" on page 2-8, replace the sentence that refers to
the unavailability of data for the Strategic Theme Series with the following
table:
STRATEGIC THEME SERIES
FROM
INCEPTION
1/29/96 TO
5/31/96
(UNAUDITED)
-----------
Net asset value,
Beginning of period...................................... $10.000000
Income from investment operations
Net investment income.................................... 0.009216 (2)(5)
Net realized and unrealized gain......................... 1.262006
--------
Total from investment operations....................... 1.271222
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Less distributions:
Dividends from net investment income..................... 0.000000
Distributions from net realized gains.................... 0.000000
--------
Total distributions.................................... 0.000000
Change in net asset value.................................. 1.271222
Net asset value, end of period............................. $11.271222
==========
Total Return(4)............................................ 12.71% (3)
Ratios/supplemental data:
Net assets, end of period (thousands)...................... $ 12,351
Ratio to average net assets of:
Operating expenses....................................... 1.00% (1)
Net investment income.................................... 0.27% (1)
Portfolio turnover rate.................................... 0.98% (3)
Average commission rate paid............................... $ 0.0651 (6)
(1) Annualized.
(2) Includes reimbursement of operating expenses by investment adviser of $0.03
per share.
(3) Not Annualized.
(4) Total return information does not reflect expenses that apply to the
separate accounts or related contracts; inclusion of these charges would
reduce total return for the period shown.
(5) Computed using average shares outstanding.
(6) For fiscal years beginning on or after September 1, 1995, a fund is
required to disclose its average commission rate per share for
securities trades on which commissions are charged. This rate generally
does not reflect mark-ups, mark-downs, or spreads on shares traded on a
principal basis.
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OL1332C, OL2232, OL1320B, OL2384, OL1218 Supplement July 15, 1996