Phoenix Multi-Portfolio Fund
Supplement dated November 11, 1997 to Prospectus
dated March 28, 1997 as supplemented August 1, 1997 and September 22, 1997
The Portfolio Managers
The following replaces the paragraph under the heading "Mid Cap Portfolio" on
page 26 of the Prospectus.
Mr. William J. Newman serves as Portfolio Manager of the Mid Cap Portfolio
and as such is primarily responsible for the day to day management of the
Portfolio. Mr. Newman also serves as Portfolio Manager of the Aggressive
Growth Fund Series of Phoenix Series Fund and as Portfolio Manager of each
of the four series of Phoenix Strategic Equity Series Fund. Mr. Newman is
Chief Investment Strategist and Executive Vice President of the Adviser and
National Securities & Research Corporation. Mr. Newman is also a Senior
Vice President of the Fund, and of The Phoenix Edge Series Fund, Phoenix
Series Fund, Phoenix Income and Growth Fund, Phoenix Strategic Allocation
Fund, Inc., Phoenix Strategic Equity Series Fund, Phoenix Worldwide
Opportunities Fund, Phoenix-Aberdeen Series Fund, and Phoenix Duff & Phelps
Institutional Mutual Funds. Prior to his current position Mr. Newman was
Chief Investment Strategist and Managing Director of Phoenix Home Life
Mutual Insurance Company from April through November, 1995, Chief
Investment Strategist for Kidder Peabody in New York from May, 1993 to
December, 1994, and Managing Director at Bankers Trust from March, 1991 to
May, 1993.
PDP 467M (11/97)
