LIBERTY VARIABLE INVESTMENT TRUST
Plan pursuant to Rule 18f-3(d) under the Investment Company Act of 1940
Effective May 30, 2000
Each series ("Fund") of Liberty Variable Investment Trust (the "Trust") may from
time to time issue one or more of the following classes of shares: Class A
shares and Class B shares. Each class is subject to such investment minimums and
other conditions of eligibility as set forth in the Funds' prospectuses as from
time to time in effect. The differences in expenses among these classes of
shares, and the exchange features of each class of shares, are set forth below
in this Plan, which is subject to change, to the extent permitted by law and by
the Declaration of Trust and By-laws of the Trust, by action of the Board of
Trustees of the Trust.
Class A Shares
Class A shares are offered at net asset value ("NAV"), without an initial sales
charge or contingent deferred sales charge ("CDSC"). Class A shares do not pay
fees under a 12b-1 Plan (see below). Class A shares of a Fund may only be
exchanged for the Class A shares of another Fund in the Trust.
Class B Shares
Class B shares are offered at NAV, without an initial sales charge or CDSC.
Class B shares pay distribution fees pursuant to a plan adopted pursuant to Rule
12b-1 under the 1940 Act ("12b-1 Plan") as described in the Funds' prospectuses
in effect from time to time. Such fees may not exceed 0.25% per annum of the
average daily net assets attributable to such class. Class B shares of a Fund
may only be exchanged for the Class B shares of another Fund in the Trust.
