American Skandia Trust
Supplement dated February 6, 1998 to the Prospectus dated December 22, 1997
Bankers Trust Enhanced 500 Portfolio
The section of the Prospectus entitled "Investment Objectives and Policies
- -- Bankers Trust Enhanced 500 Portfolio" (pages 93-96) is amended by adding the
following paragraph:
Other Equity Securities. As part of one of the strategies used to
outperform the S&P 500, the Portfolio may invest in the equity
securities of companies that are not included in the S&P 500. These
equity securities may include securities of companies that are the
subject of publicly announced acquisitions or other major corporate
transactions. Because securities of such companies may perform much
like cash or fixed income investments, the Portfolio may enter into
securities index futures contracts and/or related options as described
in the Prospectus in order to maintain its exposure to the equity
markets when making these investments. While this strategy is intended
to generate additional gains for the Portfolio without materially
increasing the risk to which the Portfolio is subject, there can be no
assurance that the strategy will achieve its intended results. The
Portfolio will not invest more than 15% of its total assets in equity
securities of companies not included in the S&P 500.
