TRANSAMERICA VARIABLE INSURANCE FUND INC
497, 1999-08-11
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                   Transamerica Variable Insurance Fund, Inc.

                        Supplement Dated August 11, 1999
                         to Prospectus Dated May 1, 1999


The  following  changes  were  made to the  Portfolio  Managers  section  of the
prospectus effective August 9, 1999.

Growth Portfolio
Primary Manager since 1984: Jeffrey S. Van Harte, CFA, Vice President and Senior
Portfolio Manager, Transamerica Investment Services. Manager of the Transamerica
Equity Fund, and the  Transamerica  Premier  Equity Fund since 1998.  Manager of
Fund A and a  Transamerica  corporate  account.  Co-Manager of the  Transamerica
Premier Value Fund,  Transamerica Value Fund, Transamerica Premier Balanced Fund
and the  Transamerica  Balanced Fund. Was manager of the  Transamerica  Balanced
Fund from 1993 to 1998 and the  Transamerica  Premier Balanced Fund from 1995 to
1998. Member of San Francisco Society of Financial  Analysts.  B.A.,  California
State University at Fullerton. Joined Transamerica in 1980.

Co-Manager  since 1999:  Gary U. Rolle,  CFA,  Executive  Vice President & Chief
Investment  Officer,  Transamerica  Investment  Services.  Chairman & President,
Transamerica Income Shares.  Chief Investment Officer,  Transamerica  Occidental
Life Insurance and Transamerica Life Insurance & Annuity  Companies.  Manager of
the  Transamerica  Balanced Fund and  Transamerica  Premier  Balanced Fund since
1998.  Co-Manager of the Transamerica  Premier Equity Fund,  Transamerica Equity
Fund, Fund A, and Transamerica corporate accounts. Former member of the Board of
Governors of the Los Angeles Society of Financial Analysts.  B.S., University of
California at Riverside. Joined Transamerica in 1967.




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