RYDEX VARIABLE TRUST
N-8A, 1998-06-15
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<PAGE>

                          SECURITIES AND EXCHANGE COMMISSION
                               Washington, D.C.  20549

                                      Form N-8A

                             NOTIFICATION OF REGISTRATION
                        FILED PURSUANT TO SECTION 8(A) OF THE
                            INVESTMENT COMPANY ACT OF 1940


The undersigned investment company hereby notifies the Securities and
Exchange Commission that it registers under and pursuant to the provisions of
Section 8(a) of the Investment Company Act of 1940 and in connection with such
notification of registration submits the following information:

- --------------------------------------------------------------------------------

Name:     Rydex Variable Trust

Address of Principal Business Office (No. & Street, City, State, Zip Code):

               c/o 6116 Executive Boulevard, Suite 400 
               Rockville, Maryland  20852

Telephone Number (including area code):  (301) 468-8520

Name and address of agent for service of process:

Albert P. Viragh, Jr.
Rydex Variable Trust
6116 Executive Boulevard, Suite 400
Rockville, Maryland 20852

               Copies to:     John H. Grady, Jr., Esq.
                              Morgan, Lewis & Bockius LLP
                              1800 M Street, N.W., 9th Floor
                              Washington, D.C.  20036

- --------------------------------------------------------------------------------

Check Appropriate Box:

     Registrant is filing a Registration Statement pursuant to Section 8(b) of
     the Investment Company Act of 1940 concurrently with the filing of Form
     N-8A:  Yes X  No
                --   --

- --------------------------------------------------------------------------------
Notice:  A copy of the Agreement and Declaration of Trust of Rydex Variable
Trust is on file with the Secretary of State of the State of Delaware and notice
is hereby given that this Registration Statement has been executed on behalf of
the Trust by an officer of the Trust as an officer and by its Trustees as
trustees and not individually and the obligations of or arising out of this
Registration Statement are not binding upon any of the Trustees, officers or
shareholders individually, but are binding only upon the assets and property of
the Trust.
<PAGE>

     Pursuant to the requirements of the Investment Company Act of 1940, the
registrant has caused this notification of registration to be duly signed on its
behalf in the City of Rockville State of Maryland on the 
12th day of June, 1998.

                              Signature: RYDEX VARIABLE TRUST


                              By: /s/ Albert P. Viragh, Jr.             
                                  ---------------------------------------------
                                   Albert P. Viragh, Jr.
                                   Sole Trustee, President and Chief Financial
                                    Officer


Attest: /s/ Carl G. Verboncoeur     
        -----------------------------
         Carl G. Verboncoeur


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