RECITALS:

                              EXHIBIT 23(d)(1)(10)

               FORM OF AMENDMENT TO INVESTMENT ADVISORY AGREEMENT







               FORM OF AMENDMENT TO INVESTMENT ADVISORY AGREEMENT

         THIS AMENDMENT, effective as of the ____ day of August, 2001 by and
between The Phoenix Edge Series Fund, a Massachusetts business trust having a
place of business located at 000 Xxxxxx Xxxxxx, Xxxxxxxxxx, Xxxxxxxxxxxxx (the
"Trust") and Phoenix Variable Advisors, Inc., a Delaware corporation having a
place of business located at One American Row, Hartford, Connecticut (the
"Advisor").

                                    RECITALS:

         Effective as of December 14, 1999, the Trust and the Advisor entered
into an Investment Advisory Agreement, pursuant to which the Advisor agreed to
provide certain services to the Trust. At this time, the Trust and the Advisor
wish to amend Schedule A.

        Now, therefore, the parties hereto do hereby agree as follows.

1. AMENDMENT. Schedule A to the Investment Advisory Agreement is hereby
   amended and restated as of the _____ day of August, 2001 as set forth
   in Schedule A attached, which Schedule supersedes all prior versions
   thereof.

2. REAFFIRMATION. In all other respects, the Investment Advisory Agreement
   effective as of December 14, 1999 remains in full force and effect
   without amendment.

IN WITNESS WHEREOF, the parties hereto have executed this Agreement through
their undersigned duly executed officers as of the date set forth above.

                                        THE PHOENIX EDGE SERIES FUND

                                        By:
                                            -------------------------------
                                             Xxxxx X. Xxx
                                             Trustee, President

                                         PHOENIX VARIABLE ADVISORS, INC.

                                         By:
                                            --------------------------------
                                             Xxxxxx Xxxxxx
                                             Vice President/Compliance Officer






                                   SCHEDULE A

            Series                                      Investment Advisory Fee
            ------                                      -----------------------

Phoenix-AIM Mid-Cap Equity Series                       0.85%

Phoenix-Alliance/Xxxxxxxxx Growth + Value Series               0.85%

Phoenix-Deutsche Dow 30 Series                                 0.35%

Phoenix-Deutsche Nasdaq-100 Index Series                       0.35%

Phoenix-Federated U.S. Government Bond Series                  0.60%

Phoenix-X.X. Xxxxxx Research Enhanced Index Series             0.45%

Phoenix-Janus Equity Income Series                             0.85%

Phoenix-Janus Flexible Income Series                           0.80%

Phoenix-Janus Growth Series                                    0.85%

Phoenix-MFS Investors Growth Stock Series                      0.75%

Phoenix-MFS Investors Trust Series                             0.75%

Phoenix-MFS Value Series                                       0.75%

Phoenix-Xxxxxx Xxxxxxx Focus Equity Series                     0.85%

Phoenix-Xxxxxxx Xxxxxxxxx Global Value Series                  0.90%

Phoenix-Xxxxxxx Xxxxxxxxx Mid-Cap Value Series                 1.05%

Phoenix-Xxxxxxx Xxxxxxxxx Small Cap Series                     1.05%