American Skandia Trust
Supplement dated August 6, 1999 to the Prospectus dated May 3, 1999
AST Founders Passport Portfolio
Tracy P. Stouffer has been appointed as the portfolio manager for the
AST Founders Passport Portfolio (the "Portfolio"), replacing Michael W. Gerding.
Accordingly, the section of the prospectus entitled "Management of the Trust --
Sub-advisors Founders Asset Management LLC" (on page 87) is amended by deleting
the second paragraph and replacing it with the following:
Tracy P. Stouffer, a Vice President of Investments of Founders and a
Chartered Financial Analyst, has been responsible for the management of
the AST Founders Passport Portfolio since July 1999. Before joining
Founders, Ms. Stouffer was a vice president and portfolio manager with
Federated Global, Inc. from 1995 until July 1999, and a vice president
and portfolio manager with Clariden Asset Management from 1988 to 1995.
AST Bankers Trust Enhanced 500 Portfolio
Kathleen A. Condon has been appointed as the portfolio manager for the
AST Bankers Trust Enhanced 500 Portfolio (the "Portfolio"), replacing Frank
Salerno. Accordingly, the section of the prospectus entitled "Management of the
Trust -- Sub-advisors Bankers Trust Company" (on page 91) is amended by deleting
the fifth paragraph (on page 92) and replacing it with the following:
Kathleen A. Condon, Managing Director of Bankers Trust and a Chartered
Financial Analyst, has been responsible for the day-to-day management
of the Portfolio since July 1999. Ms. Condon is presently head of
equity index investment management and has been employed by Bankers
Trust since 1970.
