PHOENIX STRATEGIC EQUITY SERIES FUND
PHOENIX-ENGEMANN SMALL CAP FUND
Supplement dated December 1, 2000 to Prospectus dated August 28, 2000
The Board of Trustees of Phoenix Strategic Equity Series Fund (the
"Trust") has unanimously approved a merger of the Phoenix-Engemann Small Cap
Fund of the Trust into the Phoenix-Engemann Small & Mid-Cap Growth Fund of The
Phoenix-Engemann Funds.
Pursuant to an Agreement and Plan of Reorganization (the "Agreement"),
the Small Cap Fund will transfer all or substantially all of its assets to the
Small & Mid-Cap Growth Fund in exchange for shares of the Small & Mid-Cap Growth
Fund and the assumption by the Small & Mid-Cap Growth Fund of all liabilities of
the Small Cap Fund. Following the exchange, the Small Cap Fund will distribute
the shares of the Small & Mid-Cap Growth Fund to its shareholders pro rata, in
liquidation of the Small Cap Fund. The effectiveness of these transactions is
subject to the satisfaction of a number of conditions, including approval by
shareholders of the Small Cap Fund. It is currently anticipated that these
matters will be submitted for a vote at a meeting of shareholders to be held in
March 2001.
INVESTORS SHOULD RETAIN THIS SUPPLEMENT
WITH THE PROSPECTUS FOR FUTURE REFERENCE.
PXP 690/SC (12/00)
