STEIN ROE MONEY MARKET FUND, VARIABLE SERIES
STEIN ROE MORTGAGE SECURITIES FUND, VARIABLE SERIES
STEIN ROE SMALL COMPANY GROWTH FUND, VARIABLE SERIES
STEIN ROE GROWTH STOCK FUND, VARIABLE SERIES
STEIN ROE BALANCED FUND, VARIABLE SERIES
SUPPLEMENT TO STATEMENT OF ADDITIONAL INFORMATION
The Statement of Additional Information for the Funds is revised as follows:
The following is added to the section "ORGANIZATION AND HISTORY":
On November 1, 2000, Liberty Financial Companies, Inc. (Liberty Financial), the
ultimate parent of the advisor, announced that it had retained CS First Boston
to help it explore strategic alternatives, including the possible sale of
Liberty Financial.
ANN-36/575B November 20, 2000
