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HOTCHKIS AND WILEY VARIABLE TRUST
725 SOUTH FIGUEROA STREET, SUITE 4000
LOS ANGELES, CA 90017-5400
May 3, 2000
Securities and Exchange Commission
450 Fifth Street N.W.
Washington, D.C. 20549
Re: Hotchkis and Wiley Variable Trust (the "Fund")
File No. 333-24349
Ladies and Gentlemen:
Pursuant to subparagraph (j) of Rule 497 under the Securities Act of 1933
(the "1933 Act"), the Fund hereby certifies (i) that its Prospectuses and
Statement of Additional Information that would have been filed pursuant to Rule
497(c) would not have differed from the Prospectuses and Statement of Additional
Information contained in Post-Effective Amendment No. 2 and (ii) that the text
of Post-Effective Amendment No. 2 was filed electronically on April 7, 2000.
Hotchkis and Wiley Variable Trust
By: /s/ Anna Marie Lopez
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Anna Marie Lopez
Treasurer
