Phoenix Income and Growth Fund
Supplement dated December 9, 1997
to Prospectus dated August 28, 1997
Cover Page
The following paragraph is hereby inserted after the second paragraph on page 1
of the Prospectus.
The Commission maintains a Web site (http://www.sec.gov) that contains
this Prospectus, the Statement of Additional Information, material
incorporated by reference, and other information regarding registrants
that file electronically with the Commission.
Management of the Fund
The following replaces the paragraph under "The Portfolio Manager" located on
page 11 of the Prospectus.
Investment and trading decisions for the Fund are made by a team of equity
investment professionals and a team of fixed income investment
professionals. Steven L. Colton is the leader of the equity team and as
such is primarily responsible for the day-to-day decisions related to the
equity holdings in the Fund's portfolio. Mr. Colton is also Vice President
and Portfolio Manager of the Phoenix Growth and Income Fund of Phoenix
Equity Series Fund. Mr. Colton joined the Adviser and Phoenix Investment
Counsel, Inc. in June, 1997. Previously, Mr. Colton was Portfolio Manager
for the American Century Income & Growth Fund from its inception in 1990
through May 30, 1997.
PDP 693M (12/97)
