American Skandia Trust
Supplement dated October 19, 1998 to the Prospectus dated May 1, 1998
Stein Roe Venture Portfolio
Effective October 7, 1998, William M. Garrison and Steven M. Salopek
replaced Richard B. Peterson and John S. McLandsborough as portfolio managers of
the Stein Roe Venture Portfolio (the "Portfolio"). Accordingly, the section of
the prospectus entitled "Organization and Management of the Trust --
Sub-advisors -- Stein Roe & Farnham Incorporated" is amended by deleting the
second paragraph and replacing it with the following:
William M. Garrison and Steven M. Salopek have been co-portfolio
managers of the Portfolio since October 1998. Mr. Garrison is a vice
president of Stein Roe, which he joined in 1989. He has been an equity
research analyst with Stein Roe since 1993. Mr. Salopek is also a vice
president of Stein Roe, which he joined in 1996 as an analyst. From 1990 to
1996, Mr. Salopek was an analyst with Banc One Investment Advisors.
