File No. 33-14954
Rule 497(e)
STEINROE VARIABLE INVESTMENT TRUST
SUPPLEMENT DATED JULY 9, 1999
TO PROSPECTUS DATED MAY 1, 1999
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Effective July 16, 1999, William M. Garrison will take over
as sole portfolio manager of Stein Roe Small Company Growth Fund,
Variable Series (formerly named Stein Roe Special Venture Fund,
Variable Series). Mr. Garrison has been the Fund's portfolio
manager since October 1998.
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