THE PHOENIX EDGE SERIES FUND
Supplement dated January 5, 1998 to Prospectus dated
July 15, 1997 as supplemented August 1, 1997
- --------------------------------------------------------------------------------
The following replaces the paragraph under the heading "Balanced Series" located
on page 22 of the prospectus (or page 2-22 in a variable universal life
prospectus):
Investment and trading decisions for the Balanced Series are made by a
team of equity investment professionals and a team of fixed income
investment professionals.
The following replaces the paragraph under the heading "Growth Series" located
on page 23 of the prospectus (or page 2-22 in a variable universal life
prospectus):
Investment and trading decisions for the Growth Series are made by a
team of equity investment professionals.
