PIMCO VARIABLE INSURANCE TRUST
497, 1998-01-14
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                         PIMCO Variable Insurance Trust


                      Supplement dated January 13, 1998 to
                        Prospectus dated January 1, 1998


     The following  information  supplements the information appearing under the
heading "Management of the Trust" in the accompanying prospectus:

     Effective  immediately,  the Short-Term Bond, StocksPLUS Growth and Income,
and Strategic  Balanced  Portfolios  will be managed by a team led by William H.
Gross, Managing Director, PIMCO.


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