Supplement to Prospectus Dated May 1, 1996
Supplement dated September 4, 1996
The following changes, subject to shareholder approval, are scheduled
to take place on October 15, 1996 regarding the following portfolios of the
American Skandia Trust ("AST"), one of the underlying mutual funds whose
portfolios are made available as variable investment options under your Annuity:
I. Changes in the AST Phoenix Balanced Asset Portfolio: Reappointment of
American Skandia Investment Services, Incorporated (the "Manager") as investment
manager; increase in the investment management fee on average daily net assets
over $75 million; appointment of Putnam Investment Management Inc. ("Putnam
Management") as new portfolio subadviser; changes to the portfolio's investment
objective and certain fundamental investment restrictions; and a change in the
portfolio's name to the "AST Putnam Balanced Portfolio."
II. Changes in the Seligman Henderson International Equity Portfolio:
Reappointment of the Manager as investment manager; appointment of Putnam
Management as new portfolio subadviser; changes to the portfolio's investment
objective and certain fundamental investment restrictions; and a change in the
portfolio's name to the "AST Putnam International Equity Portfolio."
III. Changes in the Seligman Henderson International Small Cap Portfolio:
Reappointment of the Manager as investment manager; appointment of Founders
Asset Management, Inc. as new portfolio subadviser; changes to the portfolio's
investment objective and certain fundamental investment restrictions; and a
change in the portfolio's name to the "Founders Passport Portfolio."
The above changes are described more fully in the September 4, 1996
Supplement to the May 1, 1996 AST Prospectus.
ASAP2/ASAP/ASL/AX/AC/AD/AS - (9/96)
