AMERICAN SKANDIA TRUST, 497, 1997-08-13

AMERICAN SKANDIA TRUST
497, 1997-08-13

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                             American Skandia Trust
      Supplement dated August 13, 1997 to the Prospectus dated May 1, 1997

                             JanCap Growth Portfolio

         Effective  August  12,  1997,  Scott W.  Schoelzel  replaced  Thomas F.
Marsico  as  the  portfolio   manager  of  the  JanCap  Growth   Portfolio  (the
"Portfolio"). Mr. Marsico is no longer employed by Janus Capital Corporation.

         Accordingly,  the section of the Prospectus entitled "Management of the
Trust --  Sub-advisors - JanCap Growth  Portfolio and AST Janus Overseas  Growth
Portfolio"  (page 89) is amended by deleting the second paragraph and adding the
following:

         The manager  responsible for management of the JanCap Growth  Portfolio
         is Scott W. Schoelzel.  Mr.  Schoelzel,  a senior portfolio  manager at
         Janus,  joined Janus in January 1994 as Vice President of  Investments.
         From 1991 to 1993, Mr. Schoelzel was a portfolio  manager with Founders
         Asset Management.