File No. 33-14954
Rule 497(e)
STEINROE VARIABLE INVESTMENT TRUST
SUPPLEMENT DATED AUGUST 3, 1999
TO PROSPECTUS DATED MAY 1, 1999
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You can get free copies of the annual report and the SAI, request
other information and discuss your questions about the Funds by
writing Liberty Funds Distributor, Inc., One Financial Center,
Boston, MA 02111, by calling Liberty Funds Distributor at (800)
426-3750, or by calling or writing the Participating Insurance
Company which issued your variable annuity contract or variable
life insurance policy.
Effective August 3, 1999, Keyport Financial Services Corp. is no
longer the distributor of Fund shares.
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STEINROE VARIABLE INVESTMENT TRUST
Supplement to Statement of Additional Information
Dated May 1, 1999
The Prospectus and Annual Report may be obtained at no charge
by writing Liberty Funds Distributor, Inc., One Financial Center,
Boston, MA 02111 or calling (800) 426-3750; or by contacting the
applicable Participating Insurance Company or the broker-dealers
offering certain variable annuity contracts or variable life
insurance policies issued by the Participating Insurance Company.
Effective August 3, 1999, Liberty Funds Distributor, Inc. is
the sole underwriter of Fund shares.
This Supplement is Dated August 3, 1999