American Skandia Trust
Supplement dated July 5, 2000 to the Prospectus dated May 1, 2000
AST Alger All-Cap Growth Portfolio
The section of the prospectus entitled "Management of the Trust -
Sub-advisors - Fred Alger Management, Inc." (on page 101) is amended by deleting
the second paragraph and replacing it with the following:
The portfolio managers responsible for the management of this
Portfolio are David Alger and Seilai Khoo. Mr. Alger has managed the
Portfolio since its inception, while Ms. Khoo has been managing the
Portfolio since June 2000. Mr. Alger has been employed by Alger since
1971 and served as Executive Vice President and Director of Research
prior to being named President in 1995. Ms. Khoo has been employed by
Alger since 1989, and has been a Senior Vice President and Portfolio
Manager since 1995.
AST AIM Balanced Portfolio
Effective June 21, 2000, Carolyn L. Gibbs no longer served on the
portfolio management team for the AST AIM Balanced Portfolio. Accordingly, the
section of the prospectus entitled "Management of the Trust -- Sub-advisors - A
I M Capital Management, Inc." (on pages 97 - 98) is amended by deleting the
fourth paragraph and replacing it with the following:
The members of the team responsible for the management of the AST AIM
Balanced Portfolio are Claude C. Cody IV, Robert G. Alley, Craig A.
Smith, Meggan M. Walsh and Jan Friedli. The members of the team have
managed the Portfolio since AIM became the Portfolio's Sub-advisor in
May 1999 (except for Mr. Friedli, who has been a manager of the
Portfolio since October 1999), and all (except for Mr. Friedli) are
officers of AIM. Mr. Cody, Senior Portfolio Manager, has been
associated with AIM and/or its affiliates since 1992. Mr. Alley,
Senior Portfolio Manager, has been associated with AIM and/or its
affiliates since 1992. Mr. Smith, Portfolio Manager, has been
associated with AIM and/or its affiliates since 1989. Ms. Walsh,
Portfolio Manager, has been associated with AIM and/or its affiliates
since 1991. Mr. Friedli, Portfolio Manager, has been associated with
AIM and/or its affiliate since 1999. From 1997 to 1999, he was a
global fixed-income portfolio manager for Nicholas-Applegate Capital
Management, and from 1994 to 1997, he was an international
fixed-income trader and analyst for Strong Capital Management.
