American Skandia Trust
Supplement dated October 7, 1998 to the Prospectus dated May 1, 1998
Neuberger&Berman Mid-Cap Value Portfolio
Effective October 5, 1998 S. Basu Mullick joins Michael M. Kassen and
Robert I. Gendelman as a portfolio manager of the Neuberger&Berman Mid-Cap Value
Portfolio. Accordingly, the section of the prospectus entitled "Organization and
Management of the Trust -- Sub-advisors -- Neuberger&Berman Management
Incorporated" is amended by deleting the second paragraph and replacing it with
the following:
The portfolio managers responsible for the day-to-day management of
Neuberger&Berman Mid-Cap Value Portfolio are Michael M. Kassen, Robert I.
Gendelman and S. Basu Mullick. Mr. Kassen and Mr. Gendelman have been
managing the Portfolio since N&B Management became the Portfolio's
Sub-Advisor in May 1998, and Mr. Mullick has been managing the Portfolio
since October 1998. Mr. Kassen has been a Vice President of N&B Management
and a principal of Neuberger&Berman since December 1992, and was an
employee of N&B Management from 1990 to December 1992. Mr. Gendelman is a
principal of Neuberger&Berman and has been with N&B Management since 1994,
where he is currently a Vice President. He was a portfolio manager for
another mutual fund manager from 1992 to 1993. Mr. Mullick has been a Vice
President of N&B Management since October 1998. From 1993 to 1998, Mr.
Mullick was a portfolio manager for a prominent investment adviser.
