March 15, 2000
Securities and Exchange Commission
450 Fifth Street, N.W.
Judiciary Plaza
Washington, DC 20549
Re: The OFFIT Variable Insurance Fund, Inc.
Registration No. 33-81748, 811-8640
Dear Sir or Madam:
On behalf of the OFFIT Variable Insurance Fund, Inc. (the
"Registrant"), and pursuant to Rule 497 (e) under the Securities
Act of 1933, as amended, the undersigned hereby submits this
filing in order to supplement the Registrant's three statements
of additional information, each dated April 30, 1999, as
supplemented October 20, 1999. In the event you have any
questions concerning this filing, please do not hesitate to call
me at 302-791-1079.
Very truly yours,
/s/ David C. Lebisky
David C. Lebisky
Assistant Secretary
cc: Frankie Haan, Division of Investment Management
Stephen Wells, Esq.
Vincent M. Rella
Michael Kagan
Peter J. O'Rourke, Esq.
THE OFFIT VARIABLE INSURANCE FUND, INC.
(the "Company")
Supplement dated March 15, 2000 to the
Statements of Additional Information of the Company
each dated April 30, 1999
as supplemented October 20, 1999
On March 14, 2000, the Board of Directors of the Company
approved a revision to the Statements of Additional Information
(the "SAIs") in order to clarify the first restriction under
FUNDAMENTAL INVESTMENT POLICIES. Currently, the term
"industry" in the first restriction is not defined for purposes
of applying the restriction and OFFITBANK (the "Adviser") has
generally taken the position that the Standard Industry
Classification codes published by the Securities and Exchange
Commission should control. Accordingly, the following sentence
is added as a new paragraph after the ninth restriction under
FUNDAMENTAL INVESTMENT POLICIES in each of the SAIs:
"For purposes of determining whether the limitation
discussed in restriction number 1 above is met, a Fund
considers each issuer to be a member of the industry
designated by its Standard Industry Classification
("SIC") code and will apply the 25% limitation on a
SIC by SIC basis."
