KEYPORT VARIABLE INVESTMENT TRUST
COLONIAL-KEYPORT U.S. FUND FOR GROWTH
SUPPLEMENT DATED NOVEMBER 25, 1996
TO
PROSPECTUS DATED MAY 1, 1996
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Effective December 6, 1996, the sub-advisory agreement with State Street Bank
and Trust Company will be terminated. Following such termination, Colonial
Management Associates, Inc. ("Colonial") will provide the Fund with investment
management services under its current sub-advisory agreement with Keyport
Advisory Services Corp. The portfolio managers of the Fund will be Mark Stoeckle
and Peter Wiley, each of whom is a Vice President of Colonial. Prior to joining
Colonial in 1996, Mr. Stoeckle was a portfolio manager at Massachusetts
Financial Services Company and an investment banker at Bear, Stearns & Co., Inc.
Prior to joining Colonial in 1992, Mr. Wiley was an Analyst at State Street Bank
and Trust Company and an Assistant Technical Staff Member of the Massachusetts
Institute of Technology's Lincoln Laboratory. The Fund will continue to seek
growth exceeding over time that of the S&P 500 Index by investing primarily in
large capitalization U.S.
equity securities.
In connection with these changes in portfolio management, effective on December
6, 1996 (or as soon thereafter as is practicable), the name of the Fund will be
changed to "Colonial-Keyport U.S. Stock Fund."
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Client Service Hotline
800-367-3653 (press 3)
Distributed by:
Keyport Financial Services Corp.
125 High Street
Boston, Massachusetts 02110
