American Skandia Trust
Supplement dated March 22, 1999 to the Prospectus dated December 31, 1998
AST Putnam Value Growth & Income Portfolio
AST Putnam International Equity Portfolio
AST Putnam Balanced Portfolio
Putnam Investment Management, Inc. has resigned as Sub-advisor to the
AST Putnam Value Growth & Income Portfolio, the AST Putnam International Equity
Portfolio and the AST Putnam Balanced Portfolio (the "Portfolios"). The
resignation is expected to take effect on or about May 3, 1999. American Skandia
Investment Services, Incorporated ("ASISI"), the Portfolios' investment manager,
is currently making arrangements with other investment management organizations
to manage the assets of the Portfolios commencing May 3, subject to the approval
of the Trust's Board of Trustees. Information about these new sub-advisors and
any changes in the Portfolios' investment programs resulting from their
appointment will be included in the Trust's revised prospectus to be dated May
1, 1999. It is expected that special meetings of the shareholders of each
Portfolio will be held prior to September 30, 1999 for the purpose of approving
the new sub-advisory agreements.
