SIERRA VARIABLE TRUST, 497J, 1996-05-06

SIERRA VARIABLE TRUST
497J, 1996-05-06

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                           THE SIERRA VARIABLE TRUST
                           STATEMENT OF CERTIFICATION
                            PURSUANT TO RULE 497(j)


        The Sierra Variable Trust (the "Trust") hereby certifies that the form
of the Prospectus and Statement of Additional Information, that would have been
filed under Paragraph (c) of Rule 497 under the Securities Act of 1933, as
amended, would not have differed from those contained in Post-Effective
Amendment No. 5 to the Trust's Registration Statement on Form N-1A (File Nos.
33-57732 and 811-7462) which was filed electronically on Monday, April 29, 1996
(Accession No. 0000950150-96-000303).


                                        The Sierra Variable Trust


Dated: May 3, 1996                      By /s/ KEITH B. PIPES
                                           -------------------------------
                                           Name: Keith B. Pipes
                                           Title: Executive Vice
                                                  President, Treasurer
                                                  and Secretary