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RYDEX VARIABLE TRUST
Supplement dated March 25, 1999
THIS SUPPLEMENT PROVIDES NEW AND ADDITIONAL INFORMATION BEYOND THAT CONTAINED
IN THE PROSPECTUS AND SHOULD BE READ IN CONJUNCTION WITH THE PROSPECTUS.
The following replaces the third sentence in the first paragraph of "NET
ASSET VALUE" under PURCHASING AND REDEEMING SHARES:
For most Funds, the NAV is calculated once each Business Day after the close
of the New York Stock Exchange (currently, 4:00 p.m., Eastern Time).
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE.
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RYDEX VARIABLE TRUST
Supplement dated March 25, 1999 to Statement of Additional Information
THIS SUPPLEMENT PROVIDES NEW AND ADDITIONAL INFORMATION BEYOND THAT CONTAINED
IN THE STATEMENT OF ADDITIONAL INFORMATION AND SHOULD BE READ IN CONJUNCTION
WITH THE STATEMENT OF ADDITIONAL INFORMATION.
The following replaces the first sentence in the second paragraph of
DETERMINATION OF NET ASSET VALUE:
For purposes of determining net asset value per share of a Fund, options and
futures contracts will be valued at close of regular trading on the NYSE,
currently 4:00 P.M., Eastern Time, except that futures contracts traded on
the Chicago Board of Trade ("CBOT") will be valued at 3:00 P.M., Eastern
Time, the close of trading of that exchange.
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE.
