American Skandia Trust
Supplement dated August 3, 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." 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." 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.
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AST T. Rowe Price Global Bond Portfolio
Effective on or about August 8, 2000, Rowe Price-Fleming International,
Inc. (Price-Fleming"), the Sub-advisor to the AST T. Rowe Price Global Bond
Portfolio (the "Portfolio"), will be renamed T. Rowe Price International, Inc.
At that time, Price-Fleming, which has been a joint venture between T. Rowe
Price Associates, Inc. ("T. Rowe Price") and Robert Flemings Ltd., will become a
wholly owned subsidiary of T. Rowe Price. While certain changes to the
investment advisory group responsible for the management of the Portfolio will
take place in conjunction with this transaction, it is not anticipated that any
of these changes will have a significant effect on the management and investment
strategies of the Portfolio. In light of the sub-advisory and management
changes, the section of the prospectus entitled "Management of the Trust --
Sub-advisors - Rowe Price-Fleming International, Inc." is deleted and replaced
with the following:
T. Rowe Price International, Inc. (" T. Rowe International"), 100 East
Pratt Street, Baltimore, Maryland 21202, serves as Sub-advisor for the
AST T. Rowe Price Global Bond Portfolio. T. Rowe International is a
wholly owned subsidiary of T. Rowe Price and the successor of Rowe
Price-Fleming International, Inc., a joint venture in which T. Rowe
Price was a participant that was founded in 1979. T. Rowe
International is one of the world's largest international mutual fund
asset managers with approximately $39.2 billion under management as of
June 30, 2000 in its offices in Baltimore, London, Tokyo, Hong Kong,
Singapore, Buenos Aires and Paris.
The Portfolio has an investment advisory group that has day-to-day
responsibility for managing the Portfolio and developing and executing
the Portfolio's investment program. The advisory group consists of
Christopher Rothery, William T. Reynolds, Daniel O. Shackelford, and
Michael Conelius. Christopher Rothery joined T. Rowe International in
1994 and has 12 years of experience managing multi-currency
fixed-income portfolios. William T. Reynolds, CFA, CIC, is Director of
T. Rowe Price's Fixed Income Division and joined T. Rowe Price in
1981. Daniel O. Shackelford, CFA joined T. Rowe Price in 1999; prior
to that he was the Principal and Head of Fixed Income for Investment
Counselors of Maryland. Michael Conelius joined T. Rowe International
in 1995. Prior to that, he had been with T. Rowe Price since 1988.
