LPT VARIABLE INSURANCE SERIES TRUST
SUPPLEMENT DATED AUGUST 4, 2000 to
PROSPECTUS DATED MAY 1, 2000
At the Special Meeting of Shareholders of the Lexington Corporate Leaders
Portfolio of LPT Variable Insurance Series Trust ("Trust") which was held on
August 3, 2000, the shareholders approved the following:
A change in sub-adviser for the Lexington Corporate Leaders Portfolio from
Lexington Management Corporation to London Pacific Advisory Services, Inc.
and a proposed amendment to the Sub-Advisory Agreement among LPIMC Insurance
Marketing Services ("Adviser"), London Pacific Advisory Services, Inc.
("Sub-Adviser") and the Trust with respect to the Lexington Corporate Leaders
Portfolio.
As a result of these changes, the sub-advisory fees paid to the Sub-Adviser
will decrease and the advisory fees paid to the Adviser by the portfolio will
also decrease. The change in Sub-Adviser is effective as of the date of this
supplement.
London Pacific Advisory Services, Inc. (formerly known as Select Advisors,
Inc.), currently serves as sub-adviser to one other portfolio of the Trust (the
LPA Global Leaders Portfolio, formerly, the SAI Global Leaders Portfolio).
Information regarding London Pacific Advisory Services, Inc. is in the
prospectus.
Effective immediately, the name of the Lexington Corporate Leaders
Portfolio is now the LPA Core Equity Portfolio.
