PHOENIX-ABERDEEN SERIES FUND
     Supplement dated October 8, 2002 to Statement of Additional Information
                            dated November 28, 2001.

                  PHOENIX-ABERDEEN WORLDWIDE OPPORTUNITIES FUND
     Supplement dated October 8, 2002 to Statement of Additional Information
                            dated October 30, 2001.

                           PHOENIX EQUITY SERIES FUND
     Supplement dated October 8, 2002 to Statement of Additional Information
                            dated December 31, 2001.

                           PHOENIX INVESTMENT TRUST 97
     Supplement dated October 8, 2002 to Statement of Additional Information
                            dated December 31, 2001.

                              PHOENIX-SENECA FUNDS
     Supplement dated October 8, 2002 to Statement of Additional Information
                            dated January 29, 2002.

         Under the heading "Management of the Fund," the listing for James M.
Oates found in the "Trustees and Officers" table is amended by placing a
double asterisk (**) in front of his name so that the first line of his
biography would read as follows:

         **James M. Oates (55)

         Additionally, under the heading "Management of the Fund," the
biographical information for James M. Oates found in the "Trustees and
Officers" table is replaced in its entirety with the following:

         Chairman, IBEX Capital Markets Inc. (financial services)
         (1997-present). Managing Director, Wydown Group (consulting firm)
         (1994-present). Director, Investors Financial Service Corporation
         (1995-present), Investors Bank & Trust Corporation (1995-present),
         Plymouth Rubber Co. (1995-present), Stifel Financial (1996-present),
         Connecticut River Bancorp (1998-present), Connecticut River Bank
         (1998-present), 1Mind, Inc. (1999-present) and 1Mind.com
         (2000-present). Director and Treasurer, Endowment for Health, Inc.
         (2000-present). Chairman, Emerson Investment Management, Inc.
         (2000-present). Member, Chief Executives Organization (1996-present).
         Vice Chairman, Massachusetts Housing Partnership (1998-1999). Director,
         Blue Cross and Blue Shield of New Hampshire (1994-1999), AIB Govett
         Funds (1991-2000) and Command Systems, Inc. (1998-2000). Director,
         Phoenix Investment Partners, Ltd. (1995-2001).

         Additionally, under the heading "Management of the Fund," after the
"Trustees and Officers" table, the following disclosure is inserted following
the single-asterisked paragraph:

         **For purely prophylactic reasons, Management has elected to treat Mr.
         Oates as an Interested Trustee due to certain relationships existing
         among Mr. Oates, IBEX Capital Markets, Inc. and Phoenix and certain of
         its affiliates. Management reserves the right to reassess Mr. Oates'
         status as circumstances warrant.

PXP 1741 (10/02)/Oates