THE PHOENIX EDGE SERIES FUND
Supplement dated August 1, 1997 to Prospectus and
Statement of Additional Information dated July 15, 1997
Effective August 1, 1997, Duff & Phelps Investment Management Co. ("DPIM")
replaced ABKB/LaSalle Securities Limited Partnership ("ABKB") as subadviser for
the Real Estate Securities Series. By this Supplement, all references to ABKB in
the Prospectus and Statement of Additional Information are deleted and DPIM is
substituted therefor. In addition, this Supplement will effect the following
changes:
THE FUND AND ITS MANAGEMENT - INVESTMENT ADVISERS
The following language is inserted on page 22 of the Prospectus at the end
of the paragraph describing PRS:
Duff & Phelps Investment Management Co. ("DPIM"), an affiliate of the
Adviser, serves as subadviser to the Real Estate Series. DPIM is a subsidiary of
PD&P, an affiliate of the Adviser, and is located at 55 East Monroe Street,
Suite 3600, Chicago, Illinois 60603. PD&P is a New York Stock Exchange traded
company that provides investment management and related services to
institutional investors, corporations and individuals through operating
subsidiaries. As of December 31, 1996, DPIM had approximately $14 billion in
assets under management on a discretionary basis.
THE FUND AND ITS MANAGEMENT - PORTFOLIO MANAGERS
The following replaces the paragraph under "Real Estate Series" on page 23
of the Prospectus:
Barbara Rubin and Michael Schatt are responsible for managing the assets of
the Real Estate Series. Ms. Rubin, president of the Adviser, is also vice
president and coportfolio manager for the Real Estate Equity Securities
Portfolio of Phoenix Duff & Phelps Institutional Mutual Funds and the Real
Estate Securities Portfolio of Phoenix Multi-Portfolio Fund. She has over 21
years real estate experience and has been associated with Phoenix for the past
15 years. Michael Schatt is employed as managing director of PD&P and is a
senior vice president of the Adviser and vice president of DPIM. His current
responsibilities include serving as coportfolio manager of the Real Estate
Securities Portfolio of Phoenix Duff & Phelps Institutional Mutual Funds and
managing the real estate investment securities of Duff & Phelps Utilities Income
Inc. Previously he served as director of the Real Estate Advisory Practice for
Coopers & Lybrand, LLC and has over 16 years experience in the real estate
industry.
TRUSTEES AND OFFICERS
The following is inserted on page 20 of the Statement of Additional
Information:
Michael Schatt Vice President, Phoenix Realty Securities, Inc. (1997-
Vice President present). Vice President, Duff & Phelps Investment
Management Co. (1997-present). Vice President, The Phoenix
Edge Series Fund, Phoenix Multi-Portfolio Fund, Phoenix
Duff & Phelps Institutional Mutual Funds, Duff & Phelps
Utilities Income Inc. (1997-present). Managing Director,
Phoenix Duff & Phelps Corporation (1994-present). Director,
Real Estate Advisory Practice, Coopers & Lybrand, LLC
(1990-1994).
In addition, a portfolio management change has occurred with respect to the
Growth Series. This Supplement will effect the following changes to the
Prospectus and Statement of Additional Information.
THE FUND AND ITS MANAGEMENT - PORTFOLIO MANAGERS
The following replaces the paragraph under "Growth Series" on page 23 of the
Prospectus:
Mr. John D. Kattar has served as portfolio manager of the Growth Series
since 1997 and, as such, is primarily responsible for the day-to-day management
of the Series' portfolio. He is also vice president of the Fund. Mr. Kattar
previously was a senior vice president of Baring Asset Management Company, Inc.
from 1989 to 1997 and a director of Baring Mutual Fund Management from 1993 to
1996. In that role, Mr. Kattar was equity portfolio manager for domestic and
international pension plans, endowments and mutual funds and, as such, had
responsibility for research in both the large cap and small cap areas including
quantitative research and model development for stock selection and portfolio
construction.
TRUSTEES AND OFFICERS
The following is inserted on page 18 of the Statement of Additional
Information:
John D. Kattar Managing Director/Senior Portfolio Manager, Phoenix
Vice President Investment Counsel, Inc. (1997-present). Senior Vice
President, Baring Asset Management Company, Inc. (1989-
1997). Director, Baring Mutual Fund Management (1993-1996).
