TRANSAMERICA VARIABLE INSURANCE FUND INC
497, 1999-12-03
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                   TRANSAMERICA VARIABLE INSURANCE FUND, INC.
                        Supplement Dated December 3, 1999
                         to Prospectus Dated May 1, 1999

The following  information  supplements  the Portfolio  Managers  section of the
prospectus. You should read it together with the prospectus.

          MONEY MARKET  PORTFOLIO  Primary  Manager Rex A. Olson and  Co-Manager
          Peter O. Lopez are replaced as follows:

          PRIMARY  MANAGER:  Edward S.  Han;  Securities  Analyst,  Transamerica
          Investment  Services.  M.B.A.,  Darden  Graduate  School  of  Business
          Administration  at the  University  of Virginia.  B.A.,  University of
          California at Irvine. Vice  President-Health  Care Finance Group, Bank
          of America, 1993-1998. Joined Transamerica in 1998.


          CO-MANAGER:  Heidi Y. Hu; CFA, Vice  President and Portfolio  Manager,
          Transamerica Investment Services.  Primary Manager of the Transamerica
          Income  Shares since 1999.  Co-Manager of the  Transamerica  Bond Fund
          since 1999.  Member of the Los Angeles Society of Financial  Analysts.
          Portfolio  Manager,  Arco Investment  Management  Company,  1994-1998.
          B.S., Lewis and Clark College.  M.B.A.,  University of Chicago. Joined
          Transamerica in 1998.




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