<SEC-DOCUMENT>0000928816-18-000912-index.html : 20180427
<SEC-HEADER>0000928816-18-000912.hdr.sgml : 20180427
<ACCEPTANCE-DATETIME>20180427132940
ACCESSION NUMBER:		0000928816-18-000912
CONFORMED SUBMISSION TYPE:	497K
PUBLIC DOCUMENT COUNT:		3
FILED AS OF DATE:		20180427
DATE AS OF CHANGE:		20180427
EFFECTIVENESS DATE:		20180427

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PUTNAM VARIABLE TRUST
		CENTRAL INDEX KEY:			0000822671
		IRS NUMBER:				046649095
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		497K
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	033-17486
		FILM NUMBER:		18782560

	BUSINESS ADDRESS:	
		STREET 1:		ONE POST OFFICE SQ
		STREET 2:		MAILSTOP A 14
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02109
		BUSINESS PHONE:		8002551581

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PUTNAM CAPITAL MANAGER TRUST /MA/
		DATE OF NAME CHANGE:	19920703
<SERIES-AND-CLASSES-CONTRACTS-DATA>
<EXISTING-SERIES-AND-CLASSES-CONTRACTS>
<SERIES>
<OWNER-CIK>0000822671
<SERIES-ID>S000003888
<SERIES-NAME>Putnam VT Small Cap Value Fund
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000010871
<CLASS-CONTRACT-NAME>Class IA Shares
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000010872
<CLASS-CONTRACT-NAME>Class IB Shares
</CLASS-CONTRACT>
</SERIES>
</EXISTING-SERIES-AND-CLASSES-CONTRACTS>
</SERIES-AND-CLASSES-CONTRACTS-DATA>
</SEC-HEADER>
<DOCUMENT>
<TYPE>497K
<SEQUENCE>1
<FILENAME>a_vtscvsum.htm
<DESCRIPTION>PUTNAM VARIABLE TRUST
<TEXT>
Document 1 - file: a_vtscvsum.htm

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>vtscvsumx1x1.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 3 - file: vtscvsumx1x1.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>vtscvsumx2x1.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 4 - file: vtscvsumx2x1.jpg

</DOCUMENT>
</SEC-DOCUMENT>