| Filing by RiverSource Variable Series Trust pursuant to Rule 425 under the Securities Act of 1933, and deemed filed under Rule 14a-12(b) under the Securities Exchange Act of 1934.
Subject Company: Columbia Funds Variable Insurance Trust (SEC File No. 811-05199) |
COLUMBIA FUNDS VARIABLE INSURANCE TRUST
Supplement dated September 27, 2010
to the Prospectuses dated April 29, 2010, as supplemented, of each of the following funds:
Columbia Large Cap Growth Fund, Variable Series
Columbia S&P 500® Index Fund, Variable Series
(each, an “Acquired Fund”)
In September 2010, the Board of Trustees of each Acquired Fund approved a proposal to merge the Acquired Fund with and into the corresponding acquiring fund listed in the table below (each, an “Acquiring Fund”). More information about each Acquiring Fund and the definitive terms of each of the proposed mergers will be included in proxy materials.
Each of the mergers identified in the table below is subject to certain conditions, including final approval by the Board of the Acquired Fund and the Acquiring Fund of the definitive terms of each proposed merger and approval by shareholders of the Acquired Fund. It is currently anticipated that proxy materials regarding the mergers will be distributed to shareholders of the Acquired Funds, and to the owners of the variable annuity contracts or variable life insurance policies, as applicable, that are shareholders of the Acquired Funds, later this year or in early 2011, and that meetings of shareholders to consider the mergers will be held in the first half of 2011.
| Acquired Fund | Acquiring Fund | |
| Columbia Large Cap Growth Fund, Variable Series |
Seligman Variable Portfolio - Growth Fund | |
| Columbia S&P 500® Index Fund, Variable Series |
RiverSource Variable Portfolio - S&P 500 Index Fund |
The foregoing is not an offer to sell, nor a solicitation of an offer to buy, shares of any Acquiring Fund, nor is it a solicitation of any proxy. For information regarding an Acquiring Fund, or to receive a free copy of a prospectus/proxy statement relating to a proposed merger once a registration statement relating to the proposed merger has been filed with the Securities and Exchange Commission (“SEC”) and becomes effective, please call the proxy solicitor or visit its website. The telephone number and website for the proxy solicitor may be obtained, when available, by visiting www.columbiamanagement.com. The prospectus/proxy statement (when available) will contain important information about fund objectives, strategies, fees, expenses and risk considerations. The prospectus/proxy statement will also be available for free on the SEC’s website (www.sec.gov). Please read the prospectus/proxy statement carefully before making any decision to invest or to approve a merger.
Shareholders should retain this Supplement for future reference.
C-1481-1 A (9/10)