Phoenix Income and Growth Fund
Supplement dated December 15, 1998 to
Statement of Additional Information dated August 28, 1998
The disclosure contained in the Statement of Additional Information
dated August 28, 1998 under the heading "Services of the Adviser" on page 8 is
supplemented as follows:
The following is inserted as the new second paragraph:
Phoenix Investment Partners, Ltd. is the 10th largest publicly
traded investment company in the nation, and has served investors for
over 70 years. It manages approximately $50 billion in assets through
its seven investment partners: Aberdeen Fund Managers, Inc. (Aberdeen)
in Aberdeen, London, Singapore and Fort Lauderdale; Duff & Phelps
Investment Management Co. (Duff & Phelps) in Chicago and Cleveland;
Roger Engemann & Associates, Inc. (Engemann) in Pasadena; Seneca
Capital Management LLC (Seneca) in San Francisco; and Phoenix
Investment Counsel, Inc. (Goodwin, Hollister, and Oakhurst divisions)
in Hartford, Sarasota, and Scotts Valley, CA, respectively.
Investors should retain this supplement with the Statement of
Additional Information for future reference.
PXP 693B/P (12/98)
