Phoenix Strategic Equity Series Fund
Supplement dated January 30, 1998 to Prospectus
dated November 3, 1997 as supplemented November 11, 1997
Cover Page
The following paragraph is hereby inserted before the last paragraph on the
cover page 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 changes made to the heading "The Portfolio Managers" in the supplement to
the Prospectus dated November 11, 1997 are hereby deleted. The following
paragraph under the heading "Equity Opportunities Series" on page 16 of the
Prospectus should be replaced with the following.
The investment and trading decisions for the Equity Opportunities Series
are made by a team of managers and analysts headed by three team leaders.
The team leaders are primarily responsible for the day-to-day management
of the Series' investments. The team leaders are Gail P. Seneca, Richard
D. Little and Ronald K. Jacks. Ms. Seneca is Vice President of National
and the Fund and has been President and a Trustee of Seneca Funds since
February 1996. Since July 1, 1996, she has been President, Chief Executive
and Investment Officer of Seneca Capital Management LLC ("Seneca"). Ms.
Seneca has been a team leader and portfolio manager of each of the Seneca
Funds since inception in 1996. From November 1989, Ms. Seneca has also
been Chief Executive and Investment Officer and a managing partner of
GMG/Seneca Capital Management, L.P. ("GMG/Seneca"). Mr. Little is a Vice
President of National and the Fund. He has been a team leader and
portfolio manager of Seneca Growth Fund and Seneca Mid-Cap "EDGE"(sm) Fund
since inception in 1996. Mr. Little currently is a general partner and
director of Equities and has been an employee of GMG/Seneca since 1989.
Mr. Jacks is a Vice President of National and the Fund. He has also been
Secretary of the Seneca Funds since February 1996. Mr. Jacks was a Trustee
of Seneca Funds from February 1996 through June 1997. Since July 1990, Mr.
Jacks has been a Portfolio Manager of GMG/Seneca and since July 1996, he
has been a portfolio manager of Seneca.
The following sentence should be inserted into the paragraph under the heading
"Theme Series and Small Cap Series" also located on page 16 of the Prospectus.
Mr. Newman also serves as Portfolio Manager of the Mid Cap Portfolio of
Phoenix Multi-Portfolio Fund.
<PAGE>
Phoenix Strategic Equity Series Fund
Supplement dated January 30, 1998 to
Statement of Additional Information dated November 3, 1997
Trustees and Officers
The following paragraphs should be inserted to the list of Fund officers located
on page 22 of the Statement of Additional Information and Michael K. Arends is
hereby deleted.
<TABLE>
<S> <C> <C>
Gail P. Seneca (42) Vice President Vice President (1998-present), Phoenix Strategic
909 Montgomery St. Equity Series Fund and National Securities &
San Francisco, CA 94133 Research Corporation. President and Trustee
(1996-present), Seneca Funds. Managing Member
(1996-present), GMG/Seneca Capital Management LLC.
Chief Investment Officer and managing general
partner (1989-present), GMG/Seneca Capital
Management, L.P.
Richard D. Little (49) Vice President Vice President (1998-present), Phoenix Strategic
909 Montgomery St. Equity Series Fund and National Securities &
San Francisco, CA 94133 Research Corporation. Vice President
(1996-present), Seneca Funds. General Partner and
Director of Equities (1989-present), GMG/Seneca
Capital Management, L.P.
Ronald K. Jacks (30) Vice President Vice President (1998-present), Phoenix Strategic
909 Montgomery St. Equity Series Fund and National Securities &
San Francisco, CA 94133 Research Corporation. Secretary (1996-present) and
Trustee (1996-1997), Seneca Funds. Portfolio Manager
(1996-present), GMG/Seneca Capital Management LLC.
Portfolio Manager (1990-present), GMG/Seneca Capital
Management, L.P.
</TABLE>
PDP 731P (1/98)
