PHOENIX STRATEGIC EQUITY SERIES FUND
PHOENIX STRATEGIC THEME FUND
Supplement dated August 17, 1999 to Prospectus dated August 28, 1998,
as supplemented November 2, 1998 and July 12, 1999
At a meeting held on August 6, 1999, the shareholders of the Phoenix
Strategic Theme Fund of Phoenix Strategic Equity Series Fund voted to approve
the retention of Seneca Capital Management LLC as subadviser to the Strategic
Theme Fund.
The last paragraph on page 17 of the prospectus is amended by adding
the following after the second sentence:
Seneca also serves as subadviser for the Theme Fund and as such is
responsible for making investment decisions and selecting
broker-dealers to execute transactions for the Fund. For its services
to the Theme Fund, Seneca is paid a fee by PIC equal to 0.10% of the
average daily net assets of the Theme Fund up to $201 million, 0.375%
of such value between $201 million and $1 billion, 0.35% of such value
between $1 billion and $2 billion, and 0.325% of such value in excess
of $2 billion.
The information under "The Portfolio Managers--Equity Opportunities
Fund" on page 18 of the prospectus now applies to the Phoenix Strategic Theme
Fund as well, and the heading is amended to read "The Portfolio Managers--Equity
Opportunities Fund and Theme Fund." The subheading "Theme Fund" and the
paragraph immediately following it are deleted.
INVESTORS SHOULD RETAIN THIS SUPPLEMENT WITH THEIR PROSPECTUS FOR
FUTURE REFERENCE.
PDP 690ST (8/99)
