PIMCO Variable Insurance Trust
Supplement dated September 30, 1999 to
Prospectus dated April 30, 1999
The following information supplements the information appearing under
the heading "Management of the Trust" in the accompanying prospectus.
Disclosure Relating to the
Money Market and Short-Term Bond Portfolios
Effective October 1, 1999, Paul A. McCulley will assume management
responsibility for the Money Market Portfolio. Effective August 17, 1999, he
assumed management responsibility for the Short-Term Bond Portfolio. Since
joining PIMCO in April 1999, Mr. McCulley, an Executive Vice President of PIMCO,
has managed fixed income assets, and has managed the PIMCO Short-Term Bond Fund
for the PIMCO Funds: Pacific Investment Management Series since August 1999.
Prior to joining PIMCO, Mr. McCulley was associated with Warburg Dillon Read as
a Managing Director and Head of both Economic Research for the Americas and
Fixed Income Strategy for the United States.
Disclosure Relating to the
Emerging Markets Bond Portfolio
Effective August 17, 1999, Mohamed El-Erian assumed management
responsibility for the Emerging Markets Bond Portfolio. Mr. El-Erian joined
PIMCO as an Executive Vice President in 1999 and has managed the Emerging
Markets Bond and Emerging Markets Bond II Funds for the PIMCO Funds: Pacific
Investment Management Series since August 1999. Prior to joining PIMCO, he was a
Managing Director for Salomon Smith Barney/Citibank, where he was head of
emerging markets research. Prior to that he was associated with the
International Monetary Fund as a Deputy Director and Advisor.
