Rule 497(e)
Registration No. 33-81748
THE OFFITBANK VARIABLE INSURANCE FUND, INC. (the "Company)
VIF-U.S. GOVERNMENT FUND
VIF-U.S. SMALL CAP FUND
SUPPLEMENT DATED NOVEMBER 12, 1996
TO PROSPECTUSES AND STATEMENTS OF ADDITIONAL INFORMATION
DATED SEPTEMBER 3, 1996
This Supplement is provided to update, and should be read in
conjunction with the information provided in the Prospectuses and Statements of
Additional Information of the Company.
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.
