Stein Roe Balanced Fund, Variable Series
Stein Roe Growth Stock Fund, Variable Series
Stein Roe Small Company Growth Fund, Variable Series
Stein Roe Mortgage Securities Fund, Variable Series
Stein Roe Money Market Fund, Variable Series
Supplement to Prospectuses dated May 1, 2000
Effective June 1, 2000, the Stein Roe Balanced Fund, Variable Series, Stein Roe
Growth Stock Fund, Variable Series, Stein Roe Small Company Growth Fund,
Variable Series and Stein Roe Mortgage Securities Fund, Variable Series will
begin offering a new class of shares. The new class of shares will be designated
Class B shares. The existing class of shares for these Funds and the Stein Roe
Money Market Fund, Variable Series will be designated Class A shares. The
classes differ only in that each share class has its own expense structure.
June 1, 2000
