SUPPLEMENT DATED MARCH 1, 2000
TO PROSPECTUS
DATED MAY 1, 1999
for
EQUITRUST VARIABLE INSURANCE SERIES FUND
The following information replaces the fourth paragraph under
the heading "PORTFOLIO MANAGEMENT" on page 24:
Charles T. Happel and Robert J. Rummelhart serve as
managers for various portfolios of the Fund. Mr.
Happel joined EquiTrust in 1987 and has served as a
Portfolio Manager since 1994. Mr. Happel assumed
responsibility for the Value Growth and Managed
Portfolios on March 1, 2000. He received his
undergraduate degree from the University of Northern
Iowa in Cedar Falls, Iowa and his MBA degree from
Drake University in Des Moines, Iowa. Mr. Happel is a
Chartered Financial Analyst and Registered Principal
for the Adviser.
(3/1/00 insert)
