TRANSAMERICA VARIABLE INSURANCE FUND INC
497, 1999-07-30
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                   Transamerica Variable Insurance Fund, Inc.

                         Supplement Dated July 29, 1999
                         to Prospectus Dated May 1, 1999


The  following  information  supplements  the  prospectus.  You  should  read it
together with the prospectus.

On  July  21,  1999,  Transamerica  Corporation  completed  its  merger  with  a
subsidiary of AEGON N.V.,  one of the world's  leading  international  insurance
groups.  As a result of the merger,  the investment  advisory  contracts between
Transamerica Variable Insurance Fund, Inc. ("TVIF") and Transamerica  Occidental
Life Insurance  Company  ("TOLIC"),  TVIF's  investment  adviser,  automatically
terminated and the new  investment  advisory  contracts  between TVIF and TOLIC,
approved at a special  meeting of TVIF  shareholders  on June 16,  1999,  became
effective.

As of July 21, 1999, AEGON N.V. indirectly owns the investment  adviser,  TOLIC,
and directly owns the sub-adviser, Transamerica Investment Services, Inc.





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