Phoenix Strategic Equity Series Fund
Supplement dated November 11, 1997
to Prospectus dated November 3, 1997
Management of the Fund
The heading "The Portfolio Managers" is hereby re-titled "The Portfolio Manager"
and the two paragraphs under this heading should be replaced with the following.
Mr. William J. Newman serves as Portfolio Manager of the each Series and as
such is primarily responsible for the day to day management of each Series'
investments. Mr. Newman also serves as Portfolio Manager of the Aggressive
Growth Fund Series of Phoenix Series Fund and as Portfolio Manager of the
Mid Cap Portfolio of Phoenix Multi-Portfolio Fund. Mr. Newman is Chief
Investment Strategist and Executive Vice President of the Adviser and
National Securities & Research Corporation. Mr. Newman is also a Senior
Vice President of the Fund, and of The Phoenix Edge Series Fund, Phoenix
Multi-Portfolio Fund, Phoenix Income and Growth Fund, Phoenix Strategic
Allocation Fund, Inc., Phoenix Series Fund, Phoenix Worldwide Opportunities
Fund, Phoenix-Aberdeen Series Fund, and Phoenix Duff & Phelps Institutional
Mutual Funds. Prior to his current position Mr. Newman was Chief Investment
Strategist and Managing Director of Phoenix Home Life Mutual Insurance
Company from April through November, 1995, Chief Investment Strategist for
Kidder Peabody in New York from May, 1993 to December, 1994, and Managing
Director at Bankers Trust from March, 1991 to May, 1993.
PDP 690M (11/97)
