<SEC-DOCUMENT>0001193125-15-115710-index.html : 20150401
<SEC-HEADER>0001193125-15-115710.hdr.sgml : 20150401
<ACCEPTANCE-DATETIME>20150401132804
ACCESSION NUMBER:		0001193125-15-115710
CONFORMED SUBMISSION TYPE:	497
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20150401
DATE AS OF CHANGE:		20150401
EFFECTIVENESS DATE:		20150401

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ivy Funds Variable Insurance Portfolios
		CENTRAL INDEX KEY:			0000810016
		IRS NUMBER:				481146010
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		497
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	033-11466
		FILM NUMBER:		15742348

	BUSINESS ADDRESS:	
		STREET 1:		6300 LAMAR AVENUE
		CITY:			OVERLAND PARK
		STATE:			KS
		ZIP:			66202
		BUSINESS PHONE:		9132362000

	MAIL ADDRESS:	
		STREET 1:		P O BOX 29217
		CITY:			SHAWNEE MISSION
		STATE:			KS
		ZIP:			66201-9217

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Ivy Funds Variable Insurance Portfolios, Inc.
		DATE OF NAME CHANGE:	20080819

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	W&R TARGET FUNDS INC
		DATE OF NAME CHANGE:	20001026

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TARGET UNITED FUNDS INC
		DATE OF NAME CHANGE:	19990506
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<OWNER-CIK>0000810016
<SERIES-ID>S000006224
<SERIES-NAME>Ivy Funds VIP Asset Strategy
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000017158
<CLASS-CONTRACT-NAME>SAME
</CLASS-CONTRACT>
</SERIES>
<SERIES>
<OWNER-CIK>0000810016
<SERIES-ID>S000006225
<SERIES-NAME>Ivy Funds VIP International Core Equity
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000017159
<CLASS-CONTRACT-NAME>SAME
</CLASS-CONTRACT>
</SERIES>
<SERIES>
<OWNER-CIK>0000810016
<SERIES-ID>S000006227
<SERIES-NAME>Ivy Funds VIP Micro Cap Growth
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000017161
<CLASS-CONTRACT-NAME>SAME
</CLASS-CONTRACT>
</SERIES>
<SERIES>
<OWNER-CIK>0000810016
<SERIES-ID>S000006228
<SERIES-NAME>Ivy Funds VIP Mid Cap Growth
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000017162
<CLASS-CONTRACT-NAME>SAME
</CLASS-CONTRACT>
</SERIES>
<SERIES>
<OWNER-CIK>0000810016
<SERIES-ID>S000006229
<SERIES-NAME>Ivy Funds VIP Money Market
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000017163
<CLASS-CONTRACT-NAME>SAME
</CLASS-CONTRACT>
</SERIES>
<SERIES>
<OWNER-CIK>0000810016
<SERIES-ID>S000006231
<SERIES-NAME>Ivy Funds VIP Real Estate Securities
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000017165
<CLASS-CONTRACT-NAME>SAME
</CLASS-CONTRACT>
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<SERIES>
<OWNER-CIK>0000810016
<SERIES-ID>S000006232
<SERIES-NAME>Ivy Funds VIP Science and Technology
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<CLASS-CONTRACT-ID>C000017166
<CLASS-CONTRACT-NAME>SAME
</CLASS-CONTRACT>
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<SERIES>
<OWNER-CIK>0000810016
<SERIES-ID>S000006233
<SERIES-NAME>Ivy Funds VIP Small Cap Growth
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<CLASS-CONTRACT-ID>C000017167
<CLASS-CONTRACT-NAME>SAME
</CLASS-CONTRACT>
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<OWNER-CIK>0000810016
<SERIES-ID>S000006234
<SERIES-NAME>Ivy Funds VIP Small Cap Value
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<CLASS-CONTRACT-ID>C000017168
<CLASS-CONTRACT-NAME>SAME
</CLASS-CONTRACT>
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<SERIES>
<OWNER-CIK>0000810016
<SERIES-ID>S000006235
<SERIES-NAME>Ivy Funds VIP Balanced
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<CLASS-CONTRACT-ID>C000017169
<CLASS-CONTRACT-NAME>SAME
</CLASS-CONTRACT>
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<SERIES>
<OWNER-CIK>0000810016
<SERIES-ID>S000006236
<SERIES-NAME>Ivy Funds VIP Value
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000017170
<CLASS-CONTRACT-NAME>SAME
</CLASS-CONTRACT>
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<SERIES>
<OWNER-CIK>0000810016
<SERIES-ID>S000006237
<SERIES-NAME>Ivy Funds VIP Bond
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000017171
<CLASS-CONTRACT-NAME>SAME
</CLASS-CONTRACT>
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<SERIES>
<OWNER-CIK>0000810016
<SERIES-ID>S000006238
<SERIES-NAME>Ivy Funds VIP Core Equity
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000017172
<CLASS-CONTRACT-NAME>SAME
</CLASS-CONTRACT>
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<SERIES>
<OWNER-CIK>0000810016
<SERIES-ID>S000006239
<SERIES-NAME>Ivy Funds VIP Dividend Opportunities
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000017173
<CLASS-CONTRACT-NAME>SAME
</CLASS-CONTRACT>
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<SERIES>
<OWNER-CIK>0000810016
<SERIES-ID>S000006240
<SERIES-NAME>Ivy Funds VIP Global Natural Resources
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000017174
<CLASS-CONTRACT-NAME>SAME
</CLASS-CONTRACT>
</SERIES>
<SERIES>
<OWNER-CIK>0000810016
<SERIES-ID>S000006241
<SERIES-NAME>Ivy Funds VIP Growth
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000017175
<CLASS-CONTRACT-NAME>SAME
</CLASS-CONTRACT>
</SERIES>
<SERIES>
<OWNER-CIK>0000810016
<SERIES-ID>S000006242
<SERIES-NAME>Ivy Funds VIP High Income
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000017176
<CLASS-CONTRACT-NAME>SAME
</CLASS-CONTRACT>
</SERIES>
<SERIES>
<OWNER-CIK>0000810016
<SERIES-ID>S000006243
<SERIES-NAME>Ivy Funds VIP Global Growth
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000017177
<CLASS-CONTRACT-NAME>SAME
</CLASS-CONTRACT>
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<SERIES>
<OWNER-CIK>0000810016
<SERIES-ID>S000011749
<SERIES-NAME>Ivy Funds VIP Energy
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000032174
<CLASS-CONTRACT-NAME>SAME
</CLASS-CONTRACT>
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<SERIES>
<OWNER-CIK>0000810016
<SERIES-ID>S000020588
<SERIES-NAME>Ivy Funds VIP Pathfinder Aggressive
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<CLASS-CONTRACT-ID>C000057543
<CLASS-CONTRACT-NAME>SAME
</CLASS-CONTRACT>
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<SERIES>
<OWNER-CIK>0000810016
<SERIES-ID>S000020589
<SERIES-NAME>Ivy Funds VIP Pathfinder Moderately Aggressive
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000057544
<CLASS-CONTRACT-NAME>SAME
</CLASS-CONTRACT>
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<SERIES>
<OWNER-CIK>0000810016
<SERIES-ID>S000020590
<SERIES-NAME>Ivy Funds VIP Pathfinder Moderate
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000057545
<CLASS-CONTRACT-NAME>SAME
</CLASS-CONTRACT>
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<SERIES>
<OWNER-CIK>0000810016
<SERIES-ID>S000020591
<SERIES-NAME>Ivy Funds VIP Pathfinder Moderately Conservative
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000057546
<CLASS-CONTRACT-NAME>SAME
</CLASS-CONTRACT>
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<SERIES>
<OWNER-CIK>0000810016
<SERIES-ID>S000020592
<SERIES-NAME>Ivy Funds VIP Pathfinder Conservative
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000057547
<CLASS-CONTRACT-NAME>SAME
</CLASS-CONTRACT>
</SERIES>
<SERIES>
<OWNER-CIK>0000810016
<SERIES-ID>S000029765
<SERIES-NAME>Ivy Funds VIP Global Bond
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000091475
<CLASS-CONTRACT-NAME>Ivy Funds VIP Global Bond
</CLASS-CONTRACT>
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<SERIES>
<OWNER-CIK>0000810016
<SERIES-ID>S000029766
<SERIES-NAME>Ivy Funds VIP Limited-Term Bond
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000091476
<CLASS-CONTRACT-NAME>Ivy Funds VIP Limited-Term Bond
</CLASS-CONTRACT>
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<SERIES>
<OWNER-CIK>0000810016
<SERIES-ID>S000041732
<SERIES-NAME>Ivy Funds VIP Pathfinder Moderate - Managed Volatility
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<CLASS-CONTRACT-ID>C000129560
<CLASS-CONTRACT-NAME>SAME
</CLASS-CONTRACT>
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<OWNER-CIK>0000810016
<SERIES-ID>S000041733
<SERIES-NAME>Ivy Funds VIP Pathfinder Moderately Aggressive - Managed Volatility
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<CLASS-CONTRACT-ID>C000129561
<CLASS-CONTRACT-NAME>SAME
</CLASS-CONTRACT>
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<SERIES-ID>S000041734
<SERIES-NAME>Ivy Funds VIP Pathfinder Moderately Conservative - Managed Volatility
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<CLASS-CONTRACT-ID>C000129562
<CLASS-CONTRACT-NAME>SAME
</CLASS-CONTRACT>
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</SEC-HEADER>
<DOCUMENT>
<TYPE>497
<SEQUENCE>1
<FILENAME>d900335d497.htm
<DESCRIPTION>IVY FUNDS VARIABLE INSURANCE PORTFOLIOS SAI SUPPLEMENT
<TEXT>
Document 1 - file: d900335d497.htm

</DOCUMENT>
</SEC-DOCUMENT>