NORTHSTAR VARIABLE TRUST
PROSPECTUS SUPPLEMENT DATED FEBRUARY 9, 1998
TO PROSPECTUS DATED AUGUST 8, 1997
The disclosure on page 3 of the Prospectus is hereby amended to reflect that:
Effective March 1, 1998, the Northstar Variable Trust Growth Portfolio's (the
"Portfolio's") investment strategy will be modified as follows. The Portfolio
will invest primarily in companies the portfolio manager identifies as either
growth or value through quantitative analysis. Growth companies have above
average earnings or sales growth and higher price to earnings ratios. Value
companies are temporarily undervalued or out of favor, and tend to have lower
price to book ratios, higher earnings or dividend yields and higher returns on
equity. The percentage of Portfolio assets allocated to the two different kinds
of companies varies depending on the portfolio manager's assessment of economic
conditions and investment opportunities.
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THIS SUPPLEMENT DOES NOT REPLACE ANY PRIOR SUPPLEMENTS TO THE PROSPECTUS.
