EXHIBIT 10
September 27, 2000
SECURITIES AND EXCHANGE COMMISSION
JUDICIARY PLAZA
450 FIFTH STREET, N.W.
WASHINGTON, D.C. 20549
RE: EXHIBIT 10, FORM N-1A
CALVERT VARIABLE SERIES, INC.
FILE NUMBERS 811-3591, 2-80154
Ladies and Gentlemen:
As counsel to Calvert Variable Series,
Inc., formerly named acacia capital corporation, it
is my opinion, based upon an examination of the
articles of incorporation, amendments, restatements
and by-laws and such other original or photostatic
copies of fund records, certificates of public
officials, documents, papers, statutes, and authorities
as i deemed necessary to form the basis of this
opinion, that the securities being registered by this
post-effective amendment no. 40 will, when sold, be
legally issued, fully paid and non-assessable.
Consent is hereby given to file this
Opinion of Counsel with the Securities and Exchange
Commission as an exhibit to the Fund's Post-Effective
Amendment No. 40 to its registration statement.
Sincerely,
//S/Ivy Wafford Duke
IVY WAFFORD DUKE
ASSOCIATE GENERAL COUNSEL
