STEINROE VARIABLE INVESTMENT TRUST
RULE 12B- 1 DISTRIBUTION PLAN
June 1,2000
SteinRoe Variable Investment Trust, a Massachusetts business trust (the
Trust) hereby adopts the following distribution plan (the Plan) pursuant to Rule
12b-1 (the Rule) under the Investment Company Act of 1940 (Act) on behalf of the
specified Funds named in Appendix 1.
I. Each Fund shall pay a service fee at the annual rate of 0.25% of its net
assets.
II. PAYMENTS OF FEES UNDER THE PLAN
Each Fund shall make all payments of service fees under this Plan to the
Distributor of Record, Liberty Funds Distributor, Inc. (LFDI), monthly, on the
20th day of each month or, if such day is not a business day, on the next
business day thereafter. No Fund shall pay, nor shall a Distributor of Record be
entitled to receive, any amount under this Plan if such payment would result in
a Distributor of Record receiving amounts in excess of those permitted by
applicable law or by rules of the National Association of Securities is Dealers,
Inc.
III. USE OF FEES.
A Distributor of Record may pay part or all of the service fees it receives
from a Fund as reimbursements to a participating insurance company (a Company)
that has issued qualified variable annuity or variable life contracts
(Contracts) for which shares of the Trust serve as investment vehicles, and that
provides services to the owners of its Contracts. This provision does not
obligate a Distributor of Record to make any payments of service fees nor limit
the use that a Distributor of Record may make of the fees it receives.
IV. REPORTING
The Distributor of Record shall provide to the Trust's Trustees, and the
Trustees shall review, at least quarterly, reports setting forth all Plan
expenditures, and the purposes for those expenditures. Amounts payable under
this paragraph are subject to any limitations on such amounts prescribed by
applicable laws or rules. If a Company is an "affiliate" of a Distributor of
Record (as that term is defined in the Act), that Distributor of Record shall
obtain comparable information from that Company and provide such information to
the Trustees.
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V. OTHER PAYMENTS AUTHORIZED
Payments by the Trust to a Distributor of Record and its affiliates other
than as set forth in Section I which may be indirect financing of distribution
costs are authorized by this Plan.
VI. CONTINUATION; AMENDMENT; TERMINATION
This Plan shall continue in effect with respect to a Fund only so long as
specifically approved for that Fund at least annually as provided in the Rule.
The Plan may not be amended to increase materially the service fee with respect
to a Fund without such shareholder approval as is required by the Rule and any
applicable orders of the Securities and Exchange Commission, and all material
amendments of the Plan must be approved in the manner described in the Rule. The
Plan may be terminated with respect to any Fund at any time as provided in the
Rule without payment of any penalty. The continuance of the Plan shall be
effective only if the selection and nomination of the Trust's Trustees who are
not interested persons (as defined under the Act) of the Trust is effected by
such non-interested Trustees as required by the Rule.
Approved by the Trustees as of the date set forth above:
By:/s/Kevin Carome
Kevin Carome, Secretary of the Trust
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APPENDIX 1
STEINROE VARIABLE INVESTMENT TRUST
SteinRoe Small Company Growth Fund, Variable Series
Class B Shares
SteinRoe Growth Stock Fund, Variable Series
Class B Shares
SteinRoe Balanced Fund, Variable Series
Class B Shares
SteinRoe Mortgage Securities Fund, Variable Series
Class B Shares
