June 14, 1996
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20459
RE: Phoenix Strategic Equity Series Fund
Registration No. 33-6931 and 811-4727
To the Commission Staff:
Transmitted herewith for filing, pursuant to Rule 497(e) of the Securities
Act of 1933, as amended, is the Phoenix Strategic Equity Series Fund Prospectus
dated April 16, 1996, as supplemented June 14, 1996, in the exact form in which
it is being used.
Please feel free to contact the undersigned at (860) 403-5788 should you
have any questions regarding this filing.
Very truly yours,
PHOENIX HOME LIFE
MUTUAL INSURANCE
COMPANY
/s/Richard J. Wirth
Richard J. Wirth
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PHOENIX STRATEGIC EQUITY SERIES FUND
Supplement dated June 14, 1996 to
Prospectus dated April 16, 1996
Effective as of the close of regular trading of the New York Stock Exchange on
June 14, 1996 (the "closing"), and until otherwise determined, the Small Cap
Series (the "Series") will not accept new investment accounts or additional
investments except in accordance with the following guidelines:
1. Purchases of additional shares are permitted for all accounts existing as of
the closing. A shareholder who owned shares of the Series prior to the
closing may exchange shares from other Phoenix Funds into the Series. These
limitations in no way restrict shareholders' rights to make redemptions from
their Series accounts.
2. Participants in retirement plans that offer the Series as an investment
option shall be permitted to effect a direct rollover of their funds into a
newly opened IRA account in the Series.
3. Shareholders of the Series as of the closing may partially or completely
transfer shares in their account. A shareholder in the Series who transfers
their entire account to another person may not subsequently purchase shares
of the Series; provided however, the recipient of such shares may add to
their account subject to the provisions hereof. The recipient of such partial
account, may not purchase additional shares of the Series.
4. A shareholder who owned shares of the Series prior to the closing may not
open additional, new accounts in the Series.
5. A shareholder who redeems all of his shares of the Series after the closing
may not exercise any reinvestment privileges to repurchase shares of the
Series.
6. The Series reserves the right in appropriate cases to restrict sales further,
or to withdraw the offering altogether, all without prior notice.
