STEINROE VARIABLE INVESTMENT TRUST
24F-2NT, 1998-03-04
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                           UNITED STATES
               SECURITIES AND EXCHANGE COMMISSION
                     Washington, D.C. 20549

                          FORM 24F-2
               Annual Notice of Securities Sold
                    Pursuant to Rule 24f-2

     Read instructions at end of Form before preparing Form.
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1.   Name and address of issuer:

         Stein Roe Variable Investment Trust
         One South Wacker Drive
         Chicago, IL  60606
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2.   The name of each series or class of securities for which 
     this Form is filed (If the Form is being filed for all 
     series and classes of securities of issuer, check the box 
     but do not list series or classes):  [X]
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3.   Investment Company Act File Number:  811-5199

     Securities Act File Number:  33-14954
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4(a) Last day of fiscal year for which this Form is filed:  
          December 31, 1997
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4(b) [ ] Check box if this Form is being filed late (i.e., more 
         than 90 calendar days after the end of the issuer's 
         fiscal year).   (See Instruction A.2)

Note: If the Form is being filed late, interest must be paid on 
the registration fee due.
- ---------------------------------------------------------------
4(c) [ ] Check box if this is the last time the issuer will be 
         filing this Form.
- ---------------------------------------------------------------
5.  Calculation of registration fee:

   (i) Aggregate sale price of securities sold during
       the fiscal year pursuant to section 24(f):        $284,526,657

  (ii) Aggregate price of securities redeemed 
       or repurchased during the fiscal 
       year:                                ($241,048,681)

 (iii) Aggregate price of securities redeemed 
       or repurchased during any prior fiscal 
       year ending no earlier than October 11,
       1995 that were not previously used to 
       reduce registration fees payable to 
       the Commission:                        $       -0-

  (iv) Total available redemption credits
       [add Items 5(ii) and 5(iii)]:                   -($241,048,681)

   (v) Net sales--if Item 5(i) is greater than 
       Item 5(iv) [subtract Item 5(iv) from 
       Item 5(i)]:                                        $43,477,976

  (vi) Redemption credits available for use in  $    (-0-)
       future years--if Item 5(i) is less than
       Item 5(iv) [subtract Item 5(iv) from 
       Item 5(i)]:

 (vii) Multiplier for determining registration         x      .000295
       fee (See Instruction C.9):

(viii) Registration fee due [multiply Item 5(v) 
       by 5(vii) (enter "0" if no fee is due):         =      $12,826
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6  Prepaid Shares

   If the response to Item 5(i) was determined by deducting an 
   amount of securities that were registered under the 
   Securities Act of 1933 pursuant to rule 24e-2 as in effect 
   before October 11, 1997, then report the amount of 
   securities (number of shares or other units) deducted here: 
   0.  If there is a number of shares or other units that 
   were registered pursuant to rule 24e-2 remaining unsold at 
   the end of the fiscal year for which this form is filed that 
   are available for use by the issuer in future fiscal years, 
   then state that number here: 0.
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7.  Interest due--if this Form is being filed more than 90 days 
    after the end of the issuer's fiscal year (see Instruction 
    D): 
                                                   +$         0

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8.  Total amount of registration fee due plus any interest due 
    [line 5(viii) plus line 7]:                          =   $ 12,826
- ---------------------------------------------------------------------
9.  Date the registration fee and any interest payment was sent to 
    the Commission's lockbox depository:  3/3/98
            Method of Delivery:
                               [X] Wire Transfer
                               [ ] Mail or other means
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                              SIGNATURES

This report has been signed below by the following persons on 
behalf of the issuer and in the capacities and on the dates 
indicated.

By (Signature and Title*) /S/ GARY A. ANETSBERGER
                          Gary A. Anetsberger, Treasurer

                          /S/ KEVN M. CAROME
                          Kevin M. Carome, Assistant Secretary
Date: March 3, 1998

   *Please print the name and title of the signing officer 
    below the signature.



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