STEINROE VARIABLE INVESTMENT TRUST
497, 1999-04-23
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             STEINROE VARIABLE INVESTMENT TRUST

               SUPPLEMENT DATED APRIL 23, 1999

                             TO

               PROSPECTUS DATED MAY 1, 1998

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     Keyport Financial Services Corp. serves as the principal 
underwriter of SteinRoe Variable Investment Trust with respect to 
sales of Fund shares to separate accounts sold by Keyport Life 
Insurance Company and any other affiliated insurance companies.  
Effective April 23, 1999, Liberty Funds Distributor, Inc., One 
Financial Center, Boston, MA 02111, distributes Fund shares to 
certain unaffiliated Participating Insurance Companies.  Keyport 
Financial Services Corp. and Liberty Funds Distributor, Inc., are 
subsidiaries of Liberty Financial Companies, Inc.

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                   Client Services Hotline
                    800-367-3653 (press 2)

                        Distributed by:
                 Keyport Financial Services Corp.
                         125 High Street
                        Boston, MA  02110




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