Rule 497(e)
Registration No. 33-81748
THE OFFITBANK VARIABLE INSURANCE FUND, INC.
SUPPLEMENT DATED NOVEMBER 12, 1996
TO PROSPECTUSES AND STATEMENTS OF ADDITIONAL INFORMATION
OF
VIF-HIGH YIELD FUND
VIF-EMERGING MARKETS FUND
VIF-INVESTMENT GRADE GLOBAL DEBT FUND
DATED JUNE 28, 1996
VIF-GLOBAL CONVERTIBLE FUND
VIF-TOTAL RETURN FUND
DATED NOVEMBER 13, 1995
This Supplement is provided to update, and should be read in
conjunction with the information provided in the Prospectuses and Statements of
Additional Information.
Effective November 11, 1996, The Bank of New York ("BONY") became the
successor Custodian for the OFFITBANK VIF-High Yield Fund, OFFITBANK
VIF-Investment Grade Global Debt Fund, OFFITBANK VIF-Total Return Fund and
OFFITBANK VIF-Global Convertible Fund. The principle address of BONY is 48 Wall
Street, New York, New York 10286. The Chase Manhattan Bank, N.A. remains as the
Custodian for the OFFITBANK VIF-Emerging Markets Fund.
Effective November 16, 1996, BISYS Fund Services, Inc. ("BISYS") became
the successor Transfer Agent to Furman Selz LLC. BISYS' principle place of
business is 3435 Stelzer Road, Columbus, Ohio 43219. BISYS will perform the same
services as Furman Selz LLC, at the identical fees. All references to Furman
Selz LLC as Transfer Agent in the Prospectus shall refer to BISYS.
PLEASE NOTE THE FOLLOWING REVISIONS REGARDING "HOW THE COMPANY VALUES ITS
SHARES"
The net asset value per share for each class of shares of each Fund is
calculated at 4:00 p.m. (Eastern time), Monday through Friday, on each day the
New York Stock Exchange is open for trading.
