<PAGE>
MFS(R) VARIABLE INSURANCE TRUST
MFS BOND SERIES
Supplement to the Current Prospectus
The description of portfolio manager is hereby restated as follows: Geoffrey L.
Kurinsky, a Senior Vice President of MFS, has been employed in the investment
management area of MFS since 1987. Mr. Kurinsky has been the series' portfolio
manager since its inception. William Adams, a Vice President of MFS, has been
employed by MFS in the investment management area since 1997. Prior to joining
MFS, Mr. Adams had been an Assistant Vice President and Senior Securities
Analyst in the investment management area of Conseco Capital Management since
1994. Mr. Adams became a portfolio manager of the series effective August 1,
2000.
The date of this Supplement is August 1, 2000.