CERTIFICATION PURSUANT TO RULE 30A-2(B) UNDER THE 1940 ACT AND SECTION 906 OF
                             THE SARBANES-OXLEY ACT

I,   George R.  Aylward,  Executive  Vice  President of Phoenix Asset Trust (the
     "Registrant"), certify that:

     1.   The Form N-CSR of the Registrant  containing the financial  statements
          (the "Report")  fully complies with the  requirements of Section 13(a)
          or 15(d) of the Securities Exchange Act of 1934, as amended; and

     2.   The  information  contained  in the  Report  fairly  presents,  in all
          material respects,  the financial  condition and results of operations
          of the Registrant.


Date:   September 5, 2006          /s/ George R. Aylward
        -------------------        ---------------------------------------------
                                   George R. Aylward, Executive Vice President
                                   (principal executive officer)


I,   W. Patrick Bradley,  Chief Financial Officer and Treasurer of Phoenix Asset
     Trust (the "Registrant"), certify that:

     1.   The Form N-CSR of the Registrant  containing the financial  statements
          (the "Report")  fully complies with the  requirements of Section 13(a)
          or 15(d) of the Securities Exchange Act of 1934, as amended; and

     2.   The  information  contained  in the  Report  fairly  presents,  in all
          material respects,  the financial  condition and results of operations
          of the Registrant.


Date:   September 5, 2006          /s/ W. Patrick Bradley
        -------------------        ---------------------------------------------
                                   W. Patrick Bradley, Chief Financial Officer
                                   and Treasurer
                                   (principal financial officer)