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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000919034-98-000031.txt : 19980812
<SEC-HEADER>0000919034-98-000031.hdr.sgml : 19980812
ACCESSION NUMBER:		0000919034-98-000031
CONFORMED SUBMISSION TYPE:	497
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19980810
SROS:			NONE

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MUTUAL FUND VARIABLE ANNUITY TRUST
		CENTRAL INDEX KEY:			0000927053
		STANDARD INDUSTRIAL CLASSIFICATION:	 []
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			0831

	FILING VALUES:
		FORM TYPE:		497
		SEC ACT:		
		SEC FILE NUMBER:	033-81712
		FILM NUMBER:		98680631

	BUSINESS ADDRESS:	
		STREET 1:		101 PARK AVE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10178
		BUSINESS PHONE:		2124261600

	MAIL ADDRESS:	
		STREET 1:		125 WEST 55TH ST
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
</SEC-HEADER>
<DOCUMENT>
<TYPE>497
<SEQUENCE>1
<TEXT>

MUTUAL FUND VARIABLE ANNUITY TRUST

SUPPLEMENT DATED AUGUST 10, 1998
TO THE PROSPECTUS DATED DECEMBER 29, 1997


The following supercedes the third paragraph in the Portfolio Manager section of
the Prospectus on page 18 of the Prospectus:

"Leonard Lovito, Vice President and Senior Portfolio Manager at Chase, and 
Mr. Adams are responsible for the management of the Asset Allocation 
Portfolio.  Mr. Lovito joined Chase in 1998.  Prior to joining Chase, from 
1984 to 1998, Mr. Lovito was a Vice President at J. & W. Seligman & Co., 
Inc., where he managed a number of fixed income portfolios and mutual funds. 
Prior to joining Seligman, Mr. Lovito was a Securities Administrator in the 
Investment Department of the Dime Savings Bank of New York." 


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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