LIBERTY VARIABLE INVESTMENT TRUST
497, 1998-10-26
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                        LIBERTY VARIABLE INVESTMENT TRUST

                    CONONIAL INTERNATIONAL FUND FOR GROWTH

                        SUPPLEMENT DATED OCTOBER 27, 1998

                                       TO

                          PROSPECTUS DATED MAY 1, 1998
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Effective October 27, 1998, the portfolio manager for the Colonial International
Fund for Growth is Gita Rao. Ms. Rao has co-managed  the Colonial  Global Equity
Fund and the Colonial  International  Horizons Fund since 1996. Prior to joining
Colonial  in 1995,  Ms. Rao was a  quantitative  research  analyst  at  Fidelity
Management & Research Company, and a Vice President in the equity research group
at Kidder, Peabody & Company.
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