Phoenix Multi-Portfolio Fund
Supplement dated December 12, 1996 to
Prospectus dated March 8, 1996 as supplemented
March 9, 1996, June 3, 1996, and July 19, 1996
The Portfolio Managers
The following replaces the paragraphs under "Emerging Markets Portfolio" on page
24 of the Prospectus.
Mr. Peter S. Lannigan is the portfolio manager of the Emerging Markets
Portfolio, and as such is primarily responsible for the day-to-day management of
the portfolio. Mr. Lannigan served as co-manager of the portfolio from April,
1995 until November 14, 1996. Presently, Mr. Lannigan is Vice President of PIC
and from 1993 until November, 1995 he was Director, Public Fixed Income, Phoenix
Home Life Mutual Insurance Company. From 1989 to 1993 Mr. Lannigan was Associate
Director of the Bond Rating Group, Standard & Poor's Corp.
