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<PAGE> PAGE 21
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SIGNATURE JACQUELINE M. PORTER
TITLE ASSISTANT TREASURER
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<NAME> EMERGING MARKETS BOND PORTFOLIO - CLASS A
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<SHARES-COMMON-STOCK> 5796
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<DISTRIBUTIONS-OF-INCOME> (5582)
<DISTRIBUTIONS-OF-GAINS> (7204)
<DISTRIBUTIONS-OTHER> (1984)
<NUMBER-OF-SHARES-SOLD> 2907
<NUMBER-OF-SHARES-REDEEMED> (3428)
<SHARES-REINVESTED> 1030
<NET-CHANGE-IN-ASSETS> (26151)
<ACCUMULATED-NII-PRIOR> 362
<ACCUMULATED-GAINS-PRIOR> 1900
<OVERDISTRIB-NII-PRIOR> 0
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<GROSS-ADVISORY-FEES> 731
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<AVERAGE-NET-ASSETS> 97636
<PER-SHARE-NAV-BEGIN> 12.84
<PER-SHARE-NII> 1.32
<PER-SHARE-GAIN-APPREC> (4.22)
<PER-SHARE-DIVIDEND> (1.00)
<PER-SHARE-DISTRIBUTIONS> (1.39)
<RETURNS-OF-CAPITAL> (0.35)
<PER-SHARE-NAV-END> 7.20
<EXPENSE-RATIO> 1.43
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<INTEREST-INCOME> 14793
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<DISTRIBUTIONS-OF-GAINS> (4183)
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<SHARES-REINVESTED> 492
<NET-CHANGE-IN-ASSETS> (1403)
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<SERIES>
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<MULTIPLIER> 1000
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<INVESTMENTS-AT-VALUE> 78230
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<OVERDISTRIBUTION-GAINS> (48715)
<ACCUM-APPREC-OR-DEPREC> (3004)
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<NET-CHANGE-FROM-OPS> (28491)
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<DISTRIBUTIONS-OF-GAINS> 0
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<NUMBER-OF-SHARES-SOLD> 170
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<SHARES-REINVESTED> 3
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<ACCUMULATED-GAINS-PRIOR> 1900
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
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<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1705
<AVERAGE-NET-ASSETS> 97636
<PER-SHARE-NAV-BEGIN> 12.25
<PER-SHARE-NII> 0.85
<PER-SHARE-GAIN-APPREC> (5.10)
<PER-SHARE-DIVIDEND> (0.66)
<PER-SHARE-DISTRIBUTIONS> 0
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EXHIBIT INDEX
Exhibit A:
Attachment to item 77B: Accountant's report on internal
control.
Exhibit B:
Attachment to item 77C: Matters submitted to a vote of
security holders
- ------------------------------------------------------------
Exhibit A:
January 21, 1999
To the Shareholders and Trustees of
Phoenix Multi-Portfolio Fund
In planning and performing our audits of the financial statements
of the Phoenix Multi-Portfolio Fund (the "Fund") for the year
ended November 30, 1998, we considered its internal control,
including control activities for safeguarding securities, in
order to determine our auditing procedures for the purpose of
expressing our opinion on the financial statements and to comply
with the requirements of Form N-SAR, not to provide assurance on
internal control.
The management of the Fund is responsible for establishing and
maintaining internal control. In fulfilling this responsibility,
estimates and judgments by management are required to assess the
expected benefits and related costs of controls. Generally,
controls that are relevant to an audit pertain to the entity's
objective of preparing financial statements for external purposes
that are fairly presented in conformity with generally accepted
accounting principles. Those controls include the safeguarding
of assets against unauthorized acquisition, use or disposition.
Because of inherent limitations in internal control, errors or
fraud may occur and not be detected. Also, projection of any
evaluation of internal control to future periods is subject to
the risk that it may become inadequate because of changes in
conditions or that the effectiveness of the design and operation
may deteriorate.
Our consideration of internal control would not necessarily
disclose all matters in internal control that might be material
weaknesses under standards established by the American Institute
of Certified Public Accountants. A material weakness is a
condition in which the design or operation of one or more of the
internal control components does not reduce to a relatively low
level the risk that misstatements caused by error or fraud in
amounts that would be material in relation to the financial
statements being audited may occur and not be detected within a
timely period by employees in the normal course of performing
their assigned functions. However, we noted no matters involving
internal control and its operations, including controls for
safeguarding securities, that we consider to be material
weaknesses as defined above as of November 30, 1998.
This report is intended solely for the information and use of
management and the Trustees of the Fund and the Securities and
Exchange Commission.
PricewaterhouseCoopers LLP
Exhibit B:
A special meeting of Shareholders of the Phoenix International
Portfolio of Phoenix Multi-Portfolio Fund was held on October 27,
1998 to approve the following matter:
1. Approval of a subadvisory agreement with Aberdeen Fund
Managers, Inc.
On the record date for this meeting there were 5,848,931 shares
outstanding and 50.13% of the shares outstanding and entitled to
vote were present by proxy.
NUMBER OF VOTES
FOR AGAINST ABSTAIN
1. Approval of investment
subadvisory agreement 5,376,525 132,631 339,775
A special meeting of Shareholders of the Phoenix Mid Cap
Portfolio of Phoenix Multi-Portfolio Fund was held on October 27,
1998 to approve the following matter:
1. Approval of a subadvisory agreement with Seneca Capital
Management LLC.
On the record date for this meeting there were 8,784,306 shares
outstanding and 56.22% of the shares outstanding and entitled to
vote were present by proxy.
NUMBER OF VOTES
FOR AGAINST ABSTAIN
1. Approval of investment
subadvisory agreement 7,613,064 281,207 890,035
