American Skandia Trust
Supplement dated September 22, 1998 to the Prospectus dated May 1, 1998
Disclosure is being added to the Prospectus to address certain risks
regarding the introduction of a single currency for participating European
nations on January 1, 1999. Specifically, the following paragraph is added at
the end of the section of the Prospectus entitled "Certain Risk Factors and
Investment Methods -- Foreign Securities -- Currency Fluctuations:"
The expected introduction of a single currency, the euro, on January 1,
1999 for participating nations in the European Economic and Monetary
Union presents unique uncertainties, including whether the payment and
operational systems of banks and other financial institutions will be
ready by the scheduled launch date; the legal treatment of certain
outstanding financial contracts that refer to existing currencies
rather than the euro; the establishment of exchange rates for existing
currencies and the euro; and the creation of suitable clearing and
settlement payment systems for the new currency. Although the Trust is
taking steps intended to achieve readiness for the planned introduction
of the euro, these or other external factors could cause market
disruptions before or after the introduction of the euro, and could
adversely affect the value of securities held by the Portfolios.
