PIMCO Variable Insurance Trust
Supplement dated August 17, 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, and is
effective immediately:
Paul A. McCulley will assume 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. Prior to
joining PIMCO, Mr. McCulley was associated with Warburg Dillon Read as a
Managing Director and Head of Economic and Strategy Research for the Americas,
where he managed macro research world-wide.
Mohamed El-Erian will assume management responsibility for the Emerging
Markets Bond Portfolio. Mr. El-Erian joined PIMCO as an Executive Vice President
in 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.
