VARIABLE INVESTMENT TRUST
24F-2NT, 1997-02-25
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                    U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 24F-2
                        Annual Notice of Securities Sold
                             Pursuant to Rule 24F-2

             Read instructions at end of Form before preparing Form.
                             Please print or type.

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1.    Name and address of issuer:

                            VARIABLE INVESTMENT TRUST

                   c/o General Electric Investment Corporation
                               3003 Summer Street
                               Stamford, CT 06905

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2.    Name of each series or class of funds for which this notice is filed:

                                       N/A

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3.   Investment Company Act File Number: No. 811-8392

     Securities Act File Number:         No. 33-76032

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4.   Last day of fiscal year for which this notice is filed:

                                December 31, 1996


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5.   Check box if this  notice is being filed more than 180 days after the close
     of the issuer's fiscal year for purposes of reporting securities sold after
     the close of the fiscal year but before  termination  of the issuer's 24f-2
     declaration: [ ]

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6.   Date of termination of issuer's declaration under the rule 24f-2(a)(1),  if
     applicable (see instruction A.6):

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7.   Number and amount of  securities of the same class or series which had been
     registered  under the  Securities  Act of 1933 other than  pursuant to rule
     24f-2 in a prior fiscal year, but which remained unsold at the beginning of
     the fiscal year:

                                    Shares -

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8.   Number and amount of  securities  registered  during the fiscal  year other
     than pursuant to rule 24f-2:

                                    Shares -
                                 Dollar Amount -

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9.   Number and aggregate sale price of securities sold during the fiscal year:


                                    Shares -
                                 Dollar Amount -


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<PAGE>

10.  Number and aggregate  sale price of securities  sold during the fiscal year
     in reliance upon registration pursuant to rule 24f-2:

                                    Shares -
                                 Dollar Amount -

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11.  Number and aggregate sale price of securities issued during the fiscal year
     in  connection  with  dividend   reinvestment  plans,  if  applicable  (see
     Instruction B.7): 

                                    Shares -
                                Dollar Amount -

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12.  Calculation of registration Fee:

     (i)  Aggregate  sale price of  securities  sold  during the fiscal  year in
          reliance on 24f-2 (from item 10):

                                   $    $         -
          
     (ii) Aggregate   price  of  shares  issued  in  connection   with  dividend
          reinvestment plans (from item 11 if applicable)

                                   +    $         -
 
    (iii) Aggregate  price of shares  redeemed or repurchased  during the fiscal
          year (if applicable):
                                   -    $         -
  
     (iv) Aggregate  price of shares  redeemed  or  repurchased  and  previously
          applied  as a  reduction  to filing  fees  pursuant  to rule 24e-2 (if
          applicable):
                                   -    $         -

     (v)  Net  aggregate  sale price of  securities  sold and issued  during the
          fiscal year in reliance on rule 24f-2 [line (i), plus line (ii),  less
          line (iii), plus line (iv)] (if applicable):

                                   $    $         -

     (vi) Multiplier prescribed by Section 6(b) of the Securities act of 1933 or
          other applicable law or regulation (see Instruction C.6):

                                   x 0.000303

    (vii)  Fee due [line (i) or line (v) multiplied by line (vi)] :

                                   -    $         -

Instruction:  Issuers should complete lines (ii),  (iii),  (iv), and (v) only if
              the form is being  filed  within 60 days  after  the close of the
              issuer's fiscal year. See Instruction C.3

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13.  Check box if fees are being remitted to the Commission's lockbox depository
     as described in section 3a of the Commission's  Rules of Informal and other
     Procedures (17 CFR 202.3a).
                                       [ ]

     Date of mailing or wire transfer of filing fees to the Commission's lockbox
     depository:

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                                   SIGNATURES

This  report has been  signed  below by the  following  persons on behalf of the
issuer and in the capacities and on the dates indicated.

By (Signature and Title)*
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Jeffrey A. Groh , Treasurer of GEIC
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Date  February 25, 1997
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  * Please print the name and title of the signing officer below the signature.


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