LIBERTY VARIABLE INVESTMENT TRUST
497, 1999-07-30
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                  CRABBE HUSON REAL ESTATE INVESTMENT FUND,
                             VARIABLE SERIES

                     Supplement to Prospectus dated
                               June 1, 1999

Effective July 23, 1999, John E. Maack, Jr. no longer co-manages the Fund.

Michael B.  Stokes  continues  to manage the Fund and is now the sole portfolio
manager of the Fund.


                                                      August 6, 1999


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