N-CSRS

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number 811-09032

RidgeWorth Variable Trust

(Exact name of registrant as specified in charter)

Citi Fund Services Ohio, Inc., 3435 Stelzer Road Columbus, Ohio	43219
(Address of principal executive offices)	(Zip code)
Citi Fund Services Ohio, Inc., 3435 Stelzer Road Columbus, Ohio	43219
(Name and address of agent for service)

Registrant’s telephone number, including area code: 614-470-8000

Date of fiscal year end: 12/31

Date of reporting period: 06/30/08

Item 1. Reports to Stockholders.

2008 Semi - Annual Report

RidgeWorth Variable Trust

June 30, 2008

As of May 1, 2008, the STI Classic Variable Trust became RidgeWorth Variable Trust.

Effective March 31, 2008, Trusco Capital Management, Inc. became RidgeWorth Capital Management, Inc. RidgeWorth Investments is the trade name of RidgeWorth Capital Management, Inc.

TABLE OF CONTENTS

RIDGEWORTH VARIABLE TRUST June 30, 2008

Letter to Shareholders	1
Industry Allocation	3
Schedules of Portfolio Investments	4
Statements of Assets and Liabilities	15
Statements of Operations	16
Statements of Changes in Net Assets	17
Financial Highlights	19
Notes to Financial Statements	21
Trustees and Officers of the RidgeWorth Variable Trust	27
Additional Information	29

Past performance does not guarantee future results.

The following information and opinions are for general information only. RidgeWorth Variable Trust and RidgeWorth Capital Management, Inc. do not assume liability for any loss which may result from the reliance by any person upon such information or opinions. Such information and opinions are subject to change without notice, are for general information only and are not intended as an offer or solicitation with respect to the purchase or sale of any security, or as offering individual or personalized investment advice.

This material is authorized for distribution only when preceded or accompanied by a current prospectus. An investor should consider the fund’s investment objectives, risks, and charges and expenses carefully before investing or sending money. This and other important information about the RidgeWorth Variable Trust can be found in the fund’s prospectus. To obtain more information, call 1-888-784-3863. Please read the prospectus carefully before investing.

RidgeWorth Funds are distributed by RidgeWorth Distributors LLC. RidgeWorth Investments is the trade name for RidgeWorth Capital Management, Inc., the adviser to the RidgeWorth Funds, and is not affiliated with the distributor.

LETTER TO SHAREHOLDERS

RIDGEWORTH VARIABLE TRUST June 30, 2008

Dear Valued RidgeWorth Variable Trust Shareholder,

Financial markets continued to adjust to the challenging economic and credit environment in the second quarter following a difficult first quarter. A volatile blend of hope and reality bisected performance for the quarter, with markets up sharply at first and then falling. However by the close of the quarter domestic and international large-cap equity indexes as well as investment-grade bonds all finished only slightly lower. The Russell 1000^® Index slipped a modest 1.89% and the MSCI EAFE International Index lost 2.25%, while the Lehman Aggregate Bond Index fell 1.02%.

The quarter began on a strong note. Hope that the worst of the credit crisis was over helped drive the S&P 500 up 12% from its mid-March low through mid-May. The arranged sale of Bear Stearns was seen as the catalyst to the rally and reflected a proactive effort from the Federal Reserve (the “Fed”) and the Treasury to maintain orderly and functioning markets by acting as a “lender of last resort.”

However, market pessimism returned in the latter half of the period amid signs of broader economic weakness leading to a sharp cyclical rise in credit losses and liquidity fears. Record energy prices, rising inflation expectations, and anti-inflation rhetoric from central bankers around the globe added to the selling pressure. The combination of slow growth, rising inflation and higher yields sent the S&P 500 down 12% by the end of the quarter, and the downward momentum continued early into the third quarter. In aggregate, second quarter performance was only off modestly with some bright spots.

Much of the equity market weakness was concentrated in Financials which lost 27% over May and June due to concerns mentioned above. Industrial and Consumer Discretionary stocks were also down, while the Energy sector rose sharply in response to surging oil prices. Gains in Technology and significantly lower exposure to Financials helped the Growth style outperform Value for the quarter and move ahead year to date. Small-Caps benefited from a steeper yield curve, a moderate narrowing in credit spreads and limited index exposure to Diversified Commercial Banks, while International stocks lagged as evidence of a global slowdown intensified and the dollar stabilized. Tighter credit conditions and weakening demand hurt Real Estate, while Hedge Funds experienced modest gains.

Long-term Treasury bond yields rose during the quarter in response to ongoing inflation pressures and a shift in Fed policy from ease to neutral. Treasury securities, which were strongest in the first quarter lagged in the second quarter, while High Yield bonds outperformed amid improved liquidity and a moderate narrowing of credit spreads from extreme levels.

We began the quarter skeptical of reports of a near-term economic recovery and felt strongly that traditional cyclical credit strains remained an issue for the markets. Our strategy during the quarter was one of relative caution with a neutral allocation to equities despite relatively attractive valuations. Moreover, the continued emphasis on the Growth style and reduced exposure to the International markets also helped relative performance.

Looking ahead, we believe the current consumer-centric pressures related to weak housing, a soft job market, high gasoline costs, and tight credit conditions will severely limit the pace of growth in the second half of the year despite healthy export gains. However we believe this economic “slack” could reduce the current build up in inflation pressures, and we see an increased likelihood that oil prices may fall moderately during the next six- to nine-months. We anticipate a steady policy from the Fed and bond yields to be range-bound while the risks to growth remain elevated.

1

We were cautious at the beginning of the second quarter as we said earlier. However, the markets seem to have largely adjusted to the issues and concerns mentioned above, and amid this turmoil, we see emerging investment opportunities. Credit spreads, which were extremely narrow in 2006 and 2007, are now well above average, and equity market sentiment is sharply lower despite attractive valuations. We have urged caution and patience and emphasized strength, quality and sustainability in portfolio construction while these events unfolded. Market corrections are unsettling no matter how many times we hear about the frequency and duration of “average” bear market. However these periods ultimately reveal new opportunities for renewed growth and we believe that process is well underway. We feel our patience has been rewarded and we hope to see attractive entry points for both credit and equity opportunities in the near future.

I want to take this time to thank you again for the opportunity to provide our investment expertise and services as we work together to achieve your long term investment goals.

Sincerely,

David H. Eidson	Ashi Parikh
Chairman and CEO	President and CIO
RidgeWorth Capital Management, Inc.	RidgeWorth Capital Management, Inc.

2

INDUSTRY ALLOCATION (As a Percentage of Total Investments)

RIDGEWORTH VARIABLE TRUST June 30, 2008
(Unaudited)

Large Cap Core Equity Fund

Information Technology	20.7	%
Financials	13.4	%
Energy	12.2	%
Health Care	11.1	%
Consumer Staples	10.8	%
Industrials	9.9	%
Consumer Discretionary	9.6	%
Short-Term Investment	4.6	%
Telecommunication Services	3.2	%
Materials	2.7	%
Utilities	1.3	%
Money Market Fund	0.5	%

Large Cap Growth Stock Fund

Information Technology	22.2	%
Health Care	13.2	%
Energy	11.5	%
Industrials	11.1	%
Short-Term Investment	10.3	%
Consumer Staples	9.8	%
Consumer Discretionary	8.0	%
Financials	7.7	%
Materials	5.3	%
Money Market Fund	0.9	%

Large Cap Value Equity Fund

Financials	18.3	%
Industrials	15.0	%
Consumer Discretionary	11.4	%
Energy	10.7	%
Consumer Staples	10.1	%
Health Care	8.4	%
Utilities	4.9	%
Information Technology	4.7	%
Money Market Fund	4.7	%
Telecommunication Services	4.7	%
Short-Term Investment	4.4	%
Materials	2.7	%

Mid-Cap Core Equity Fund

Information Technology	14.9	%
Financials	12.4	%
Consumer Discretionary	12.1	%
Industrials	11.7	%
Energy	10.5	%
Short-Term Investment	10.3	%
Health Care	9.0	%
Utilities	6.4	%
Materials	5.5	%
Consumer Staples	4.4	%
Money Market Fund	1.5	%
Telecommunication Services	1.3	%

Small Cap Value Equity Fund

Short-Term Investment	23.2	%
Consumer Discretionary	20.2	%
Financials	13.0	%
Health Care	10.9	%
Industrials	10.4	%
Energy	6.3	%
Materials	5.4	%
Information Technology	4.4	%
Money Market Fund	1.9	%
Telecommunication Services	1.8	%
Consumer Staples	1.6	%
Utilities	0.9	%

Industry Allocation percentages are as of June 30, 2008 and subject to change.

Past performance does not guarantee future results.

3

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH VARIABLE TRUST June 30, 2008 (Amounts in thousands, except Shares)
(Unaudited)

Large Cap Core Equity Fund

	Shares		Value($)
Common Stocks (99.4%)
Consumer Discretionary (10.0%)
Home Depot, Inc. (The)		4,150		97
Johnson Controls, Inc.		3,350		96
McDonald’s Corp.		2,800		158
McGraw-Hill Cos., Inc. (The)		2,750		110
Omnicom Group, Inc. (a)		2,500		112
Sony Corp. ADR		1,775		78
Target Corp.		1,500		70
Time Warner, Inc.		10,000		148
Walt Disney Co. (The) (a)		4,400		137
Whirlpool Corp.		800		49
				1,055
Consumer Staples (11.3%)
Cadbury PLC SP ADR		2,560		129
Clorox Co. (The)		2,700		141
CVS Caremark Corp.		5,500		218
Dr Pepper Snapple Group, Inc.* (a)		4,620		97
Kraft Foods, Inc.		6,100		174
PepsiCo, Inc.		2,300		146
Procter & Gamble Co. (The)		2,500		152
Wal-Mart Stores, Inc.		2,500		140
				1,197
Energy (12.8%)
Anadarko Petroleum Corp.		2,600		195
Baker Hughes, Inc.		1,950		170
Chevron Corp.		2,800		278
Exxon Mobil Corp.		2,800		247
Halliburton Co.		4,400		233
Marathon Oil Corp.		4,550		236
				1,359
Financials (14.0%)
Ameriprise Financial, Inc.		4,310		175
Bank of America Corp.		5,450		130
Berkshire Hathaway, Inc., Cl B*		50		200
JPMorgan Chase & Co.		4,100		141
Marshall & Ilsley Corp. (a)		7,300		112
MetLife, Inc.		3,000		158
Morgan Stanley		3,800		137
Principal Financial Group, Inc.		3,500		147
State Street Corp.		2,450		157
Wells Fargo & Co. (a)		5,000		119
				1,476
Health Care (11.6%)
Abbott Laboratories		1,850		98
Bristol-Myers Squibb Co.		5,500		113
Cardinal Health, Inc.		1,900		98
Covidien Ltd.		4,000		191
Johnson & Johnson		2,000		129
Medtronic, Inc.		4,000		207
Schering-Plough Corp.		7,900		155
Teva Pharmaceutical Industries Ltd. ADR		3,050		140
UnitedHealth Group, Inc.		3,500		92
				1,223
Industrials (10.4%)
Danaher Corp.		1,650		128
Eaton Corp.		1,000		85
Emerson Electric Co.		2,500		124
Equifax, Inc.		5,000		168
General Electric Co.		8,000		213
Goodrich Corp.		2,500		119
Tyco International Ltd.		3,500		140
United Technologies Corp.		2,040		126
				1,103
Information Technology (21.8%)
Accenture Ltd., Cl A		5,900		240
Agilent Technologies, Inc.*		3,900		139
Cisco Systems, Inc.*		10,000		233
Dell, Inc.*		7,025		154
eBay, Inc.*		4,650		127
Google, Inc., Cl A*		280		147
Intel Corp.		10,000		215
Microsoft Corp.		5,600		154
Nokia Corp. ADR		7,450		182
Oracle Corp.*		7,950		167
Symantec Corp.*		4,450		86
Texas Instruments, Inc.		4,500		127
Tyco Electronics Ltd.		4,800		172
Western Union Co.		6,650		164
				2,307
Materials (2.8%)
Alcoa, Inc.		4,250		151
Praxair, Inc.		1,600		151
				302
Telecommunication Services (3.3%)
AT&T, Inc.		6,050		204
Telefonica SA ADR		1,800		143
				347

See Notes to Financial Statements.

4

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH VARIABLE TRUST June 30, 2008 (Amounts in thousands, except Shares)
(Unaudited)

Large Cap Core Equity Fund–concluded

	Shares		Value($)
Utilities (1.4%)
Edison International		2,800		144
Total Common Stocks				10,513
Short-Term Investment (4.8%)
Credit Suisse Enhanced Liquidity Fund (b)		503,500		504
Total Short-Term Investment				504
Money Market Fund (0.5%)
RidgeWorth Institutional Cash Management Money Market Fund (c)		56,151		56
Total Money Market Fund				56
Total Investments (Cost $10,443) (d) — 104.7%				11,073
Liabilities in excess of other assets — (4.7)%				(500	)
Net Assets — 100.0%			$	10,573

*	Non-income producing security.
(a)	This security or a partial position of the security was on loan as of June 30, 2008. The total value of securities on loan as of June 30, 2008, in thousands, was $472.
(b)	This security was purchased with cash collateral held from securities lending.
(c)	Affiliate investment.
(d)	Represents cost for financial reporting purposes.
ADR – American Depositary Receipt

See Notes to Financial Statements.

5

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH VARIABLE TRUST June 30, 2008 (Amounts in thousands, except Shares)
(Unaudited)

Large Cap Growth Stock Fund

	Shares		Value($)
Common Stocks (97.3%)
Consumer Discretionary (8.8%)
DIRECTV Group, Inc. (The)*		13,735		356
GameStop Corp., Cl A* (a)		6,234		252
International Game Technology		13,225		331
McDonald’s Corp.		8,295		466
NIKE, Inc., Cl B (a)		7,035		419
Nordstrom, Inc. (a)		8,850		268
Priceline.com, Inc.* (a)		1,265		146
Target Corp.		3,610		168
				2,406
Consumer Staples (10.7%)
Avon Products, Inc.		9,625		347
Colgate-Palmolive Co.		5,430		375
Costco Wholesale Corp.		4,760		334
CVS Caremark Corp.		11,125		440
PepsiCo, Inc.		8,495		540
Philip Morris International, Inc.		11,250		556
TJX Cos., Inc. (The) (a)		10,695		336
				2,928
Energy (12.6%)
Cameron International Corp.*		7,165		397
Chesapeake Energy Corp. (a)		4,215		278
Exxon Mobil Corp.		5,860		516
Halliburton Co.		9,685		514
Occidental Petroleum Corp.		5,299		476
Schlumberger Ltd.		7,230		777
Transocean, Inc.*		3,149		480
				3,438
Financials (8.4%)
AFLAC, Inc.		7,370		463
American Express Co.		8,760		330
Goldman Sachs Group, Inc. (The)		2,320		406
MasterCard, Inc., Cl A (a)		1,180		313
State Street Corp.		5,310		340
Visa, Inc., Cl A*		5,480		445
				2,297
Health Care (14.4%)
Aetna, Inc.		7,285		295
Allergan, Inc. (a)		9,600		500
Baxter International, Inc.		9,630		616
Becton, Dickinson & Co.		4,295		349
Covance, Inc.*		1,850		159
Express Scripts, Inc.* (a)		7,965		499
Gilead Sciences, Inc.*		11,835		627
Johnson & Johnson		3,405		219
Merck & Co., Inc.		4,930		186
Novartis AG ADR		5,430		299
Thermo Fisher Scientific, Inc.*		3,155		176
				3,925
Industrials (12.1%)
ABB, Ltd. SP ADR*		9,060		257
Deere & Co.		3,450		249
Emerson Electric Co.		10,080		498
First Solar, Inc.*		416		113
Fluor Corp.		1,940		361
Honeywell International, Inc.		9,835		494
Raytheon Co.		8,530		480
Roper Industries, Inc.		2,820		186
SPX Corp.		1,600		211
Union Pacific Corp.		5,730		432
				3,281
Information Technology (24.5%)
Adobe Systems, Inc.* (a)		11,540		455
Analog Devices, Inc.		9,270		294
Apple, Inc.*		4,340		727
Cisco Systems, Inc.*		17,320		403
Google, Inc., Cl A*		1,541		811
Intel Corp.		27,890		599
International Business Machines Corp.		5,185		615
Juniper Networks, Inc.*		10,830		240
Microsoft Corp.		27,810		765
NVIDIA Corp.*		16,890		316
Oracle Corp.*		22,905		481
QUALCOMM, Inc.		15,120		671
Research In Motion, Ltd.*		2,440		285
				6,662
Materials (5.8%)
Arch Coal, Inc.		3,710		278
Monsanto Co.		4,545		575
Mosaic Co. (The)*		1,430		207
Praxair, Inc.		5,570		526
				1,586
Total Common Stocks				26,523
Short-Term Investment (11.3%)
Credit Suisse Enhanced Liquidity Fund (b)		3,091,875		3,092
Total Short-Term Investment				3,092

See Notes to Financial Statements.

6

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH VARIABLE TRUST June 30, 2008 (Amounts in thousands, except Shares)
(Unaudited)

Large Cap Growth Stock Fund–concluded

	Shares		Value($)
Money Market Fund (0.9%)
RidgeWorth Institutional Cash Management Money Market Fund (c)		237,897		238
Total Money Market Fund				238
Total Investments (Cost $26,664) (d) — 109.5%				29,853
Liabilities in excess of other assets — (9.5)%				(2,597	)
Net Assets — 100.0%			$	27,256

*	Non-income producing security.
(a)	This security or a partial position of the security was on loan as of June 30, 2008. The total value of securities on loan as of June 30, 2008, in thousands, was $2,977.
(b)	This security was purchased with cash collateral held from securities lending.
(c)	Affiliate investment.
(d)	Represents cost for financial reporting purposes.
ADR – American Depositary Receipt

See Notes to Financial Statements.

7

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH VARIABLE TRUST June 30, 2008 (Amounts in thousands, except Shares)
(Unaudited)

Large Cap Value Equity Fund

	Shares		Value($)
Common Stocks (95.3%)
Consumer Discretionary (11.9%)
Carnival Corp. (a)		5,700		188
Darden Restaurants, Inc.		3,176		101
Harley-Davidson, Inc.		5,250		190
Harman International Industries, Inc.		3,792		157
Home Depot, Inc. (The)		17,850		418
J.C. Penney Co., Inc.		12,500		454
Mattel, Inc.		11,600		199
Newell Rubbermaid, Inc.		25,050		421
News Corp., Cl A		16,150		243
Time Warner, Inc.		31,100		460
				2,831
Consumer Staples (10.6%)
Campbell Soup Co.		13,850		463
Clorox Co. (The)		8,750		457
Colgate-Palmolive Co.		3,800		263
CVS Caremark Corp.		5,600		222
Hershey Co. (The) (a)		5,450		179
Procter & Gamble Co. (The)		4,300		261
Safeway, Inc.		5,100		146
Sara Lee Corp.		36,200		443
Wal-Mart Stores, Inc.		1,750		98
				2,532
Energy (11.2%)
Chevron Corp.		6,500		644
ConocoPhillips		6,801		642
Exxon Mobil Corp.		9,300		820
Marathon Oil Corp.		10,950		568
				2,674
Financials (19.2%)
Bank of America Corp.		7,750		185
Citigroup, Inc.		11,891		199
Franklin Resources, Inc.		2,900		266
Genworth Financial, Inc., Cl A		11,500		205
Hartford Financial Services Group, Inc. (The)		7,850		507
HCC Insurance Holdings, Inc.		6,850		145
JPMorgan Chase & Co.		14,195		487
Lincoln National Corp.		10,350		469
Morgan Stanley		3,871		140
National City Corp. (a)		32,500		155
Northern Trust Corp.		4,000		274
State Street Corp.		6,800		435
Travelers Cos., Inc. (The)		11,400		495
Wachovia Corp.		8,900		138
Wells Fargo & Co. (a)		20,800		494
				4,594
Health Care (8.8%)
Bristol-Myers Squibb Co.		12,950		266
Cardinal Health, Inc.		4,042		208
Johnson & Johnson		8,200		528
Merck & Co., Inc.		16,200		610
Pfizer, Inc.		11,100		194
Quest Diagnostics, Inc.		2,100		102
Wyeth		4,000		192
				2,100
Industrials (15.9%)
3M Co.		6,200		431
Eaton Corp.		1,100		93
Emerson Electric Co.		3,804		188
Empresa Brasileira de Aeronautica SA ADR		5,200		138
General Electric Co.		27,150		725
PPG Industries, Inc.		8,950		513
R.R. Donnelley & Sons Co.		6,950		206
Rockwell Automation, Inc.		5,800		254
Southwest Airlines Co. (a)		7,200		94
United Parcel Service, Inc., Cl B		9,550		587
United Technologies Corp.		6,800		420
Waste Management, Inc.		3,950		149
				3,798
Information Technology (4.9%)
Harris Corp.		1,747		88
Intel Corp.		11,600		249
International Business Machines Corp.		850		101
Microsoft Corp.		9,550		263
Motorola, Inc.		28,350		208
Texas Instruments, Inc.		9,100		256
				1,165
Materials (2.8%)
Alcoa, Inc.		3,900		139
Allegheny Technologies, Inc.		1,800		107
E.I. du Pont de Nemours & Co.		5,950		255
Sonoco Products Co.		5,705		176
				677
Telecommunication Services (4.9%)
AT&T, Inc.		18,150		612
Verizon Communications, Inc.		15,690		555
				1,167

See Notes to Financial Statements.

8

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH VARIABLE TRUST June 30, 2008 (Amounts in thousands, except Shares)
(Unaudited)

Large Cap Value Equity Fund–concluded

	Shares		Value($)
Utilities (5.1%)
Dominion Resources, Inc.		3,478		165
Duke Energy Corp.		5,624		98
Edison International		3,000		154
Entergy Corp.		1,350		163
PG&E Corp.		7,750		308
Public Service Enterprise Group, Inc.		3,600		165
Xcel Energy, Inc. (a)		7,650		153
				1,206
Total Common Stocks				22,744
Short-Term Investment (4.6%)
Credit Suisse Enhanced Liquidity Fund (b)		1,106,175		1,106
Total Short-Term Investment				1,106
Money Market Fund (4.9%)
RidgeWorth Institutional Cash Management Money Market Fund (c)		1,166,256		1,166
Total Money Market Fund				1,166
Total Investments (Cost $25,647) (d) — 104.8%				25,016
Liabilities in excess of other assets — (4.8)%				(1,140	)
Net Assets — 100.0%			$	23,876

(a)	This security or a partial position of the security was on loan as of June 30, 2008. The total value of securities on loan as of June 30, 2008, in thousands, was $1,065.
(b)	This security was purchased with cash collateral held from securities lending.
(c)	Affiliate investment.
(d)	Represents cost for financial reporting purposes.
ADR – American Depositary Receipt

See Notes to Financial Statements.

9

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH VARIABLE TRUST June 30, 2008 (Amounts in thousands, except Shares)
(Unaudited)

Mid-Cap Core Equity Fund

	Shares		Value($)
Common Stocks (98.7%)
Consumer Discretionary (13.5%)
Advance Auto Parts, Inc.		2,913		113
American Eagle Outfitters, Inc.		4,604		63
Burger King Holdings, Inc.		2,880		77
Darden Restaurants, Inc.		2,420		77
Hanesbrands, Inc.*		2,860		77
International Game Technology		2,543		64
Jack in the Box, Inc.* (a)		4,732		106
Mattel, Inc.		4,252		73
McGraw-Hill Cos., Inc. (The)		2,296		92
Mohawk Industries, Inc.* (a)		1,435		92
Nordstrom, Inc.		3,009		91
Omnicom Group, Inc.		2,005		90
Whirlpool Corp.		959		59
				1,074
Consumer Staples (4.9%)
Church & Dwight Co., Inc. (a)		2,358		133
Clorox Co. (The)		1,786		93
Dr Pepper Snapple Group, Inc.* (a)		3,807		80
Pepsi Bottling Group, Inc. (The)		3,151		88
				394
Energy (11.8%)
Anadarko Petroleum Corp.		1,094		82
Cameron International Corp.*		2,352		130
Chesapeake Energy Corp.		1,896		125
Core Laboratories NV*		728		104
Diamond Offshore Drilling, Inc.		906		126
Global Industries, Ltd.*		3,220		58
Noble Energy, Inc.		1,226		123
Patterson-UTI Energy, Inc.		2,632		95
Spectra Energy Corp.		3,315		95
				938
Financials (13.9%)
AMB Property Corp.		1,541		78
Ameriprise Financial, Inc.		2,150		87
Arch Capital Group Ltd.*		1,420		94
Discover Financial Services		4,816		63
Entertainment Properties Trust		1,530		76
Genworth Financial, Inc., Cl A		3,805		68
Janus Capital Group, Inc. (a)		4,615		122
Jones Lang LaSalle, Inc.		1,043		63
M&T Bank Corp.		1,161		82
Marshall & Ilsley Corp.		3,668		56
Principal Financial Group, Inc.		2,015		85
ProLogis		1,663		90
Raymond James Financial, Inc. (a)		2,865		76
SL Green Realty Corp. (a)		815		67
				1,107
Health Care (10.1%)
Becton, Dickinson & Co.		1,151		94
Celgene Corp.*		1,024		65
Cephalon, Inc.*		825		55
Endo Pharmaceuticals Holdings, Inc.*		3,892		94
Express Scripts, Inc.*		1,500		94
Laboratory Corp. of America Holdings*		1,612		112
Millipore Corp.* (a)		1,106		75
Thermo Fisher Scientific, Inc.*		1,900		106
Universal Health Services, Inc., Cl B		1,763		112
				807
Industrials (13.0%)
Copart, Inc.*		2,343		100
Covanta Holding Corp.*		3,377		90
CSX Corp.		1,567		98
Curtiss-Wright Corp.		2,017		90
Dover Corp.		1,920		93
Eaton Corp.		1,221		104
Equifax, Inc.		2,811		95
Goodrich Corp.		1,644		78
L-3 Communications Holdings, Inc.		962		87
PACCAR, Inc.		1,567		66
Rockwell Automation, Inc.		1,840		80
Toro Co. (The) (a)		1,729		58
				1,039
Information Technology (16.7%)
Adobe Systems, Inc.* (a)		1,412		56
Agilent Technologies, Inc.*		2,865		102
Analog Devices, Inc.		1,385		44
BMC Software, Inc.*		3,303		120
Harris Corp.		2,080		105
Juniper Networks, Inc.*		4,009		89
NCR Corp.*		4,106		103
Paychex, Inc.		2,206		69
Sybase, Inc.* (a)		3,418		100
Teradata Corp.*		3,556		82
Teradyne, Inc.*		8,378		93
Tyco Electronics Ltd.		2,697		97
VeriSign, Inc.*		1,466		55
Western Union Co.		2,735		68

See Notes to Financial Statements.

10

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH VARIABLE TRUST June 30, 2008 (Amounts in thousands, except Shares)
(Unaudited)

Mid-Cap Core Equity Fund–concluded

	Shares		Value($)
Information Technology–continued
Xerox Corp.		6,558		89
Xilinx, Inc. (a)		2,165		55
				1,327
Materials (6.1%)
Air Products & Chemicals, Inc.		800		79
Albemarle Corp.		2,124		85
FMC Corp.		1,679		130
Packaging Corp. of America		3,468		74
Steel Dynamics, Inc. (a)		3,096		121
				489
Telecommunication Services (1.5%)
NTELOS Holdings Corp.		1,569		40
Telephone & Data Systems, Inc.		1,667		79
				119
Utilities (7.2%)
American Electric Power Co., Inc.		1,423		57
Edison International		2,089		108
MDU Resources Group, Inc.		4,003		140
OGE Energy Corp.		3,225		102
ONEOK, Inc.		1,250		61
PG&E Corp.		2,727		108
				576
Total Common Stocks				7,870
Short-Term Investment (11.5%)
Credit Suisse Enhanced Liquidity Fund (b)		912,900		913
Total Short-Term Investment				913
Money Market Fund (1.7%)
RidgeWorth Institutional Cash Management Money Market Fund (c)		136,431		136
Total Money Market Fund				136
Total Investments (Cost $8,333) (d) — 111.9%				8,919
Liabilities in excess of other assets — (11.9)%				(952	)
Net Assets — 100.0%			$	7,967

*	Non-income producing security.
(a)	This security or a partial position of the security was on loan as of June 30, 2008. The total value of securities on loan as of June 30, 2008, in thousands, was $880.
(b)	This security was purchased with cash collateral held from securities lending.
(c)	Affiliate investment.
(d)	Represents cost for financial reporting purposes.

See Notes to Financial Statements.

11

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH VARIABLE TRUST June 30, 2008 (Amounts in thousands, except Shares)
(Unaudited)

Small Cap Value Equity Fund

	Shares		Value($)
Common Stocks (99.5%)
Consumer Discretionary (26.8%)
Aaron Rents, Inc. (a)		6,550		146
ABM Industries, Inc.		10,781		240
American Greetings Corp., Cl A		2,700		33
Asbury Automotive Group, Inc.		17,198		221
Bassett Furniture Industries, Inc.		7,431		88
bebe Stores, Inc. (a)		18,087		174
Brink’s Co. (The)		2,750		180
Brown Shoe Co., Inc. (a)		13,077		177
CBRL Group, Inc.		5,000		123
CKE Restaurants, Inc.		27,174		339
Cobra Electronics Corp.		7,562		21
Foot Locker, Inc.		7,150		89
Group 1 Automotive, Inc. (a)		5,900		117
Interface, Inc., Cl A		53,429		670
K-Swiss, Inc., Cl A (a)		10,350		152
Movado Group, Inc.		6,527		129
OfficeMax, Inc.		8,900		124
Pep Boys-Manny, Moe & Jack (The) (a)		6,700		58
Stage Stores, Inc.		6,868		80
Teleflex, Inc.		7,050		392
Tempur-Pedic International, Inc. (a)		20,100		157
Thor Industries, Inc. (a)		11,250		239
				3,949
Consumer Staples (2.1%)
Diamond Foods, Inc.		5,700		131
PRIMEDIA, Inc. (a)		12,037		56
Regis Corp.		4,000		105
Signet Group PLC SP ADR		2,777		28
				320
Energy (8.3%)
CARBO Ceramics, Inc. (a)		5,850		342
CHC Helicopter Corp., Cl A		15,844		488
Holly Corp.		4,500		166
RPC, Inc. (a)		4,100		69
Tidewater, Inc.		2,450		159
				1,224
Financials (17.3%)
Bank of Hawaii Corp.		3,100		148
City National Corp.		2,150		90
Evercore Partners, Inc., Cl A		5,650		54
GFI Group, Inc.		1,400		13
Glacier Bancorp, Inc. (a)		9,243		148
Greenhill & Co., Inc. (a)		1,650		89
Grubb & Ellis Co.		25,340		98
HCC Insurance Holdings, Inc.		16,350		346
Horizon Financial Corp. (a)		5,570		35
IPC Holdings Ltd.		4,000		106
OneBeacon Insurance Group Ltd.		10,150		178
Oppenheimer Holdings, Inc., Cl A		400		11
Ramco-Gershenson Properties Trust		5,750		118
Raymond James Financial, Inc. (a)		24,830		655
SWS Group, Inc.		8,071		134
Washington Real Estate Investment Trust (a)		6,050		182
Wesco Financial Corp.		400		153
				2,558
Health Care (14.5%)
Brookdale Senior Living, Inc. (a)		4,600		94
Cooper Cos., Inc. (The) (a)		20,561		764
Ensign Group, Inc.		5,700		66
Mentor Corp. (a)		12,850		358
STERIS Corp.		24,982		718
Vital Signs, Inc.		2,527		143
				2,143
Industrials (13.8%)
Cubic Corp.		1,800		40
Dynamic Materials Corp.		1,500		49
Genesis Lease Ltd. ADR		7,084		73
Grupo Aeroportuario del Centro Norte SAB de CV ADR		1,800		30
Grupo Aeroportuario del Pacifico SA de CV ADR		15,192		446
Heartland Express, Inc. (a)		10,716		160
Herman Miller, Inc. (a)		9,150		228
KMG Chemicals, Inc.		1,400		14
LSI Industries, Inc.		1,200		10
Multi-Color Corp.		5,444		114
Snap-on, Inc.		6,250		325
Tomkins PLC ADR		10,481		127
UTI Worldwide, Inc.		8,400		168
Wabtec Corp.		5,000		243
				2,027
Information Technology (5.9%)
Black Box Corp.		2,650		72
Cohu, Inc.		7,133		105
Fair Isaac Corp.		19,903		413
Keithley Instruments, Inc.		7,150		68
Nam Tai Electronics, Inc.		16,362		214
				872

See Notes to Financial Statements.

12

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH VARIABLE TRUST June 30, 2008 (Amounts in thousands, except Shares)
(Unaudited)

Small Cap Value Equity Fund–concluded

	Shares		Value($)
Materials (7.2%)
Aceto Corp.		7,850		60
Bemis Co., Inc. (a)		6,600		148
Harry Winston Diamond Corp.		7,350		212
Nalco Holding Co.		13,600		288
Packaging Corp. of America		7,000		150
Valspar Corp. (The)		10,552		199
				1,057
Telecommunication Services (2.4%)
Alaska Communications Systems Group, Inc. (a)		10,000		119
Meredith Corp. (a)		8,200		232
				351
Utilities (1.2%)
ALLETE, Inc. (a)		2,950		124
Companhia de Saneamento Basico do Estado de Sao Paulo ADR (a)		950		49
				173
Total Common Stocks				14,674
Short-Term Investment (30.7%)
Credit Suisse Enhanced Liquidity Fund (b)		4,527,356		4,527
Total Short-Term Investment				4,527
Money Market Fund (2.5%)
RidgeWorth Institutional Cash Management Money Market Fund (c)		363,081		363
Total Money Market Fund				363
Total Investments (Cost $20,649) (d) — 132.7%				19,564
Liabilities in excess of other assets — (32.7)%				(4,826	)
Net Assets — 100.0%			$	14,738

(a)	This security or a partial position of the security was on loan as of June 30, 2008. The total value of securities on loan as of June 30, 2008, in thousands, was $4,328.
(b)	This security was purchased with cash collateral held from securities lending.
(c)	Affiliate investment.
(d)	Represents cost for financial reporting purposes.
ADR – American Depositary Receipt

See Notes to Financial Statements.

13

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14

STATEMENTS OF ASSETS AND LIABILITIES

RIDGEWORTH VARIABLE TRUST June 30, 2008 (Amounts in thousands)
(Unaudited)

	Large Cap		Large Cap		Large Cap					Small Cap
	Core Equity		Growth Stock		Value Equity			Mid-Cap Core		Value Equity
	Fund		Fund		Fund			Equity Fund		Fund
Assets:
Total Investments, at Cost	$	10,443	$	26,664	$	25,647		$	8,333	$	20,649
Investments, at Value*	$	11,017	$	29,615	$	23,850		$	8,783	$	19,201
Investments in Affiliates, at Value		56		238		1,166			136		363
Total Investments		11,073		29,853		25,016			8,919		19,564
Dividends Receivable		8		23		39			11		32
Receivable for Capital Shares Issued		10		—		6			—		6
Receivable for Investment Securities Sold		134		1,340		92			162		203
Total Assets		11,225		31,216		25,153			9,092		19,805
Liabilities:
Payable for Investment Securities Purchased		90		741		97			168		455
Payable for Capital Shares Redeemed		23		38		4			12		27
Payable upon Return of Securities Loaned		504		3,092		1,106			913		4,527
Investment Advisory Fees Payable		6		22		15			5		11
Administration, Fund Accounting and Transfer Agency Fees Payable		1		1		1			1		1
Compliance Services Fees Payable		—		1		—			—		—
Custodian Fees Payable		8		3		10			3		8
Other Fees Payable		20		62		44			23		38
Total Liabilities		652		3,960		1,277			1,125		5,067
Net Assets	$	10,573	$	27,256	$	23,876		$	7,967	$	14,738
Net Assets Consist of:
Capital	$	9,704	$	20,033	$	23,585		$	6,557	$	12,082
Accumulated Net Investment Income (Loss)		39		140		102			45		132
Accumulated Net Realized Gain (Loss) from Investment Transactions		200		3,894		820			779		3,609
Net Unrealized Appreciation/Depreciation on Investments		630		3,189		(631	)		586		(1,085	)
Net Assets	$	10,573	$	27,256	$	23,876		$	7,967	$	14,738
Shares Outstanding (unlimited number of shares authorized, no par value)		996		1,707		1,538			723		1,308
Net Asset Value, Offering, and Redemption Price Per Share(a)	$	10.62	$	15.97	$	15.53		$	11.02	$	11.26

*	Includes securities on loan of $472, $2,977, $1,065, $880, and $4,328, respectively.
(a)	Per Share amounts may not recalculate due to rounding of net assets and/or shares outstanding.
Amounts designated as “—” are $0 or have been rounded to $0.

See Notes to Financial Statements.

15

STATEMENTS OF OPERATIONS

RIDGEWORTH VARIABLE TRUST For the Period Ended June 30, 2008 (Amounts in thousands)
(Unaudited)

	Large Cap			Large Cap			Large Cap						Small Cap
	Core Equity			Growth Stock			Value Equity			Mid-Cap Core			Value Equity
	Fund			Fund			Fund			Equity Fund			Fund
Investment Income:
Dividend Income	$	107		$	157		$	352		$	61		$	223
Dividend Income from Affiliated Investment Companies		5			9			28			2			11
Net Income from Securities Lending		1			6			6			2			16
Total Investment Income		113			172			386			65			250
Expenses:
Investment Advisory Fees		50			144			107			44			96
Administration, Fund Accounting and Transfer Agency Fees		2			4			4			2			3
Custodian Fees		6			2			8			3			7
Professional Fees		6			18			12			7			11
Printing Fees		8			23			15			9			13
Other Fees		2			4			2			—			1
Total Expenses		74			195			148			65			131
Less: Investment Advisory Fees Waived		(14	)		(38	)		(18	)		(16	)		(29	)
Less: Administration Fees Waived		(1	)		(3	)		(3	)		(1	)		(2	)
Net Expenses		59			154			127			48			100
Net Investment Income (Loss)		54			18			259			17			150
Net Realized and Unrealized Gain (Loss) on Investments:
Net Realized Gain (Loss) from Investment Transactions		(660	)		(33	)		(1,399	)		(49	)		(1,175	)
Net Change in Unrealized Appreciation/Depreciation on Investments		(1,121	)		(4,261	)		(2,526	)		(858	)		(924	)
Net Realized and Unrealized Gain (Loss) on Investments		(1,781	)		(4,294	)		(3,925	)		(907	)		(2,099	)
Change in Net Assets from Operations	$	(1,727	)	$	(4,276	)	$	(3,666	)	$	(890	)	$	(1,949	)

Amounts designated as “—” are $0 or have been rounded to $0.

See Notes to Financial Statements.

16

STATEMENTS OF CHANGES IN NET ASSETS

RIDGEWORTH VARIABLE TRUST For the Periods Indicated (Amounts in thousands)

	Large Cap Core Equity Fund						Large Cap Growth Stock Fund						Large Cap Value Equity Fund
	01/01/08 -			01/01/07 -			01/01/08 -			01/01/07 -			01/01/08 -			01/01/07 -
	06/30/08			12/31/07			06/30/08			12/31/07			06/30/08			12/31/07
	(Unaudited)						(Unaudited)						(Unaudited)
Operations:
Net Investment Income (Loss)	$	54		$	170		$	18		$	137		$	259		$	552
Net Realized Gain (Loss) from Investment Transactions		(660	)		917			(33	)		3,971			(1,399	)		4,962
Net Change in Unrealized Appreciation/ Depreciation on Investments		(1,121	)		(864	)		(4,261	)		1,115			(2,526	)		(3,939	)
Change in Net Assets from Operations		(1,727	)		223			(4,276	)		5,223			(3,666	)		1,575
Dividends and Distributions to Shareholders:
Net Investment Income		(53	)		(176	)		(24	)		(150	)		(256	)		(528	)
Net Realized Gains		—			(882	)		—			(2,051	)		—			—
Total Dividends and Distributions		(53	)		(1,058	)		(24	)		(2,201	)		(256	)		(528	)
Capital Transactions:
Proceeds from Shares Issued		383			2,831			693			1,686			1,243			3,335
Dividends Reinvested		53			1,058			24			2,201			256			528
Cost of Shares Redeemed		(1,367	)		(4,351	)		(4,285	)		(11,856	)		(3,185	)		(13,120	)
Change in Net Assets from Capital Transactions		(931	)		(462	)		(3,568	)		(7,969	)		(1,686	)		(9,257	)
Change in Net Assets		(2,711	)		(1,297	)		(7,868	)		(4,947	)		(5,608	)		(8,210	)
Net Assets:
Beginning of Period		13,284			14,581			35,124			40,071			29,484			37,694
End of Period	$	10,573		$	13,284		$	27,256		$	35,124		$	23,876		$	29,484
Accumulated Net Investment Income (Loss), End of Period	$	39		$	38		$	140		$	146		$	102		$	99
Share Transactions:
Issued		35			210			43			97			73			180
Reinvested		5			83			1			130			16			29
Redeemed		(122	)		(321	)		(259	)		(675	)		(190	)		(706	)
Change in Shares		(82	)		(28	)		(215	)		(448	)		(101	)		(497	)

Amounts designated as “—” are $0 or have been rounded to $0.

See Notes to Financial Statements.

17

STATEMENTS OF CHANGES IN NET ASSETS

RIDGEWORTH VARIABLE TRUST For the Periods Indicated (Amounts in thousands)

	Mid-Cap Core Equity Fund						Small Cap Value Equity Fund
	01/01/08 -			01/01/07 -			01/01/08 -			01/01/07 -
	06/30/08			12/31/07			06/30/08			12/31/07
	(Unaudited)						(Unaudited)
Operations:
Net Investment Income (Loss)	$	17		$	40		$	150		$	195
Net Realized Gain (Loss) from Investment Transactions		(49	)		883			(1,175	)		4,869
Net Change in Unrealized Appreciation/ Depreciation on Investments		(858	)		(186	)		(924	)		(4,311	)
Change in Net Assets from Operations		(890	)		737			(1,949	)		753
Dividends and Distributions to Shareholders:
Net Investment Income		(15	)		(26	)		(138	)		(182	)
Net Realized Gains		—			(1,683	)		—			(4,458	)
Total Dividends and Distributions		(15	)		(1,709	)		(138	)		(4,640	)
Capital Transactions:
Proceeds from Shares Issued		107			468			919			4,805
Dividends Reinvested		15			1,709			138			4,640
Cost of Shares Redeemed		(1,147	)		(4,334	)		(2,927	)		(8,865	)
Change in Net Assets from Capital Transactions		(1,025	)		(2,157	)		(1,870	)		580
Change in Net Assets		(1,930	)		(3,129	)		(3,957	)		(3,307	)
Net Assets:
Beginning of Period		9,897			13,026			18,695			22,002
End of Period	$	7,967		$	9,897		$	14,738		$	18,695
Accumulated Net Investment Income (Loss), End of Period	$	45		$	43		$	132		$	120
Share Transactions:
Issued		9			33			74			289
Reinvested		1			140			12			343
Redeemed		(100	)		(307	)		(242	)		(529	)
Change in Shares		(90	)		(134	)		(156	)		103

Amounts designated as “—” are $0 or have been rounded to $0.

See Notes to Financial Statements.

18

FINANCIAL HIGHLIGHTS

RIDGEWORTH VARIABLE TRUST Selected Data For a Share of Beneficial Interest Outstanding Throughout the Periods Indicated.

			Net			Net Realized						Dividends			Distributions
	Net Asset Value,		Investment			and Unrealized						from Net			from Net			Total			Net Asset
	Beginning of		Income			Gains (Losses)			Total from			Investment			Realized			Dividends and			Value, End of
	Period		(Loss)			on Investments			Operations			Income			Capital Gains			Distributions			Period
Large Cap Core Equity Fund
Period Ended June 30, 2008*	$	12.32	$	0.05		$	(1.70	)	$	(1.65	)	$	(0.05	)	$	—		$	(0.05	)	$	10.62
Year Ended December 31, 2007		13.18		0.15			(0.01	)		0.14			(0.16	)		(0.84	)		(1.00	)		12.32
Year Ended December 31, 2006		12.37		0.17			1.73			1.90			(0.16	)		(0.93	)		(1.09	)		13.18
Year Ended December 31, 2005		11.45		0.11			0.92			1.03			(0.11	)		—			(0.11	)		12.37
Year Ended December 31, 2004		10.10		0.09	(a)		1.35			1.44			(0.09	)		—			(0.09	)		11.45
Year Ended December 31, 2003		8.05		0.08	(a)		2.04			2.12			(0.07	)		—			(0.07	)		10.10
Large Cap Growth Stock Fund
Period Ended June 30, 2008*		18.27		0.01			(2.30	)		(2.29	)		(0.01	)		—			(0.01	)		15.97
Year Ended December 31, 2007		16.91		0.08			2.41			2.49			(0.07	)		(1.06	)		(1.13	)		18.27
Year Ended December 31, 2006		16.25		0.05			1.64			1.69			(0.05	)		(0.98	)		(1.03	)		16.91
Year Ended December 31, 2005		16.42		0.02			(0.17	)		(0.15	)		(0.02	)		—			(0.02	)		16.25
Year Ended December 31, 2004		15.41		0.03			1.01			1.04			(0.03	)		—			(0.03	)		16.42
Year Ended December 31, 2003		13.01		(0.03	) (a)		2.43			2.40			—			—			—			15.41
Large Cap Value Equity Fund
Period Ended June 30, 2008*		17.99		0.17			(2.47	)		(2.30	)		(0.16	)		—			(0.16	)		15.53
Year Ended December 31, 2007		17.65		0.31			0.32			0.63			(0.29	)		—			(0.29	)		17.99
Year Ended December 31, 2006		14.62		0.24			3.02			3.26			(0.23	)		—			(0.23	)		17.65
Year Ended December 31, 2005		14.32		0.23			0.30			0.53			(0.23	)		—			(0.23	)		14.62
Year Ended December 31, 2004		12.60		0.19			1.72			1.91			(0.19	)		—			(0.19	)		14.32
Year Ended December 31, 2003		10.39		0.17	(a)		2.21			2.38			(0.17	)		—			(0.17	)		12.60
Mid-Cap Core Equity Fund
Period Ended June 30, 2008*		12.17		0.03			(1.16	)		(1.13	)		(0.02	)		—			(0.02	)		11.02
Year Ended December 31, 2007		13.75		0.06			0.66			0.72			(0.03	)		(2.27	)		(2.30	)		12.17
Year Ended December 31, 2006		13.51		0.04			1.32			1.36			(0.05	)		(1.07	)		(1.12	)		13.75
Year Ended December 31, 2005		11.87		0.07			1.63			1.70			(0.06	)		—			(0.06	)		13.51
Year Ended December 31, 2004		10.23		0.08			1.63			1.71			(0.07	)		—			(0.07	)		11.87
Year Ended December 31, 2003		7.93		0.05	(a)		2.30			2.35			(0.05	)		—			(0.05	)		10.23
Small Cap Value Equity Fund
Period Ended June 30, 2008*		12.77		0.12			(1.53	)		(1.41	)		(0.10	)		—			(0.10	)		11.26
Year Ended December 31, 2007		16.16		0.15			0.46			0.61			(0.14	)		(3.86	)		(4.00	)		12.77
Year Ended December 31, 2006		18.24		0.09			2.52			2.61			(0.08	)		(4.61	)		(4.69	)		16.16
Year Ended December 31, 2005		18.33		0.08			2.00			2.08			(0.08	)		(2.09	)		(2.17	)		18.24
Year Ended December 31, 2004		14.80		0.05	(a)		3.52			3.57			(0.04	)		—			(0.04	)		18.33
Year Ended December 31, 2003		10.75		0.07	(a)		4.05			4.12			(0.07	)		—			(0.07	)		14.80

*	Unaudited
(a)	Per share data calculated using average shares outstanding method.
(†)	Not annualized for periods less than one year.
(††)	Annualized for periods less than one year.

See Notes to Financial Statements.

19

											Ratio of Expenses to Average
											Net Assets (Excluding Waivers,
			Net Assets, End of		Ratio of Net Expenses to			Ratio of Net Investment Income			Reimbursements, and Expense Offset)			Portfolio Turnover
Total Return(†)			Period (000)		Average Net Assets(††)			(Loss) to Average Net Assets(††)			(††)			Rate(†)
	(13.39	)%	$	10,573		1.00	%		0.92	%		1.26	%		55	%
	0.79			13,284		1.00			1.13			1.19			68
	16.19			14,581		1.00			1.29			1.23			47
	9.03			12,152		1.06			0.97			1.11			47
	14.30			11,444		1.18			0.87			1.53			44
	26.49			9,198		1.20			0.92			2.20			22
	(12.52	)		27,256		1.04			0.12			1.31			45
	15.28			35,124		1.08			0.37			1.26			91
	10.83			40,071		1.12			0.28			1.28			82
	(0.90	)		46,307		1.13			0.14			1.22			80
	6.75			54,862		1.15			0.19			1.43			79
	18.45			59,367		1.15			(0.21	)		1.50			91
	(12.80	)		23,876		0.95			1.95			1.11			67
	3.56			29,484		0.95			1.61			1.06			93
	22.46			37,694		0.95			1.46			1.12			91
	3.75			38,028		0.93			1.58			0.95			100
	15.29			47,013		0.95			1.43			1.11			85
	23.12			45,484		0.95			1.52			1.19			54
	(9.29	)		7,967		1.10			0.39			1.48			20
	5.18			9,897		1.12			0.34			1.39			44
	10.72			13,026		1.15			0.34			1.46			181
	14.32			15,036		1.15			0.50			1.36			115
	16.82			16,382		1.15			0.71			1.65			79
	29.72			16,182		1.15			0.60			1.84			182
	(11.06	)		14,738		1.20			1.80			1.58			34
	2.55			18,695		1.20			0.93			1.51			65
	16.10			22,002		1.20			0.46			1.44			74
	11.90			20,270		1.20			0.47			1.34			57
	24.19			25,960		1.20			0.33			1.57			52
	38.44			20,381		1.20			0.56			1.79			27

See Notes to Financial Statements.

20

NOTES TO FINANCIAL STATEMENTS

RIDGEWORTH VARIABLE TRUST June 30, 2008
(Unaudited)

1.	Organization
	The RidgeWorth Variable Trust (the STI Classic Variable Trust changed its name to RidgeWorth Variable Trust effective May 1, 2008) (the “Trust”) is organized as a Massachusetts business trust under a Declaration of Trust dated April 18, 1995. The Trust is registered under the Investment Company Act of 1940, as amended, (“the 1940 Act”) as an open-end management investment company offering five funds as of June 30, 2008. The Trust is authorized to issue an unlimited number of shares without par value. The financial statements presented herein are those of the Large Cap Core Equity Fund, the Large Cap Growth Stock Fund, the Large Cap Value Equity Fund, the Mid-Cap Core Equity Fund, and the Small Cap Value Equity Fund (each a “Fund” and collectively the “Funds”). Shareholders have no preemptive rights. The assets of each Fund are segregated, and a shareholder’s interest is limited to the Fund in which shares are held. Sales of shares of the Funds may only be made to separate accounts of various life insurance companies and certain qualified benefit plans. Each Fund’s prospectus provides a description of that Fund’s investment objectives, policies and strategies.
	Under the Trust’s organizational documents, its officers and trustees are indemnified against certain liabilities arising out of the performance of their duties to the Trust. In addition, in the normal course of business, the Trust enters into contracts with its vendors and others that provide for general indemnifications. The Trust’s maximum exposure under these arrangements is unknown as this would involve future claims that may be made against the Trust. However, based on experience, the Trust expects that risk of loss to be remote.
2.	Significant Accounting Policies:
	The following is a summary of significant accounting policies followed by the Trust in the preparation of its financial statements. These policies are in conformity with accounting principles generally accepted in the United States of America (“GAAP”). The preparation of the financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of income and expense during the reporting period. The actual results could differ from these estimates.

Security Valuation — Securities listed on a securities exchange, market or automated quotation system for which quotations are readily available (except for securities traded on NASDAQ), including securities traded over the counter, are valued at the last quoted sale price on the primary exchange or market on which they are traded on valuation date (or at approximately 4:00 p.m. Eastern Time if a security’s primary exchange is normally open at that time), or, if there is no such reported sale on the valuation date, at the most recent quoted bid price. For securities traded on NASDAQ, the NASDAQ Official Closing Price is used. If a security price cannot be obtained from an independent, third party pricing agent, the Funds’ accounting agent shall seek to obtain a bid price from at least one independent broker. Investments in other investment companies are valued at their respective daily net asset values.

Securities for which market prices are not “readily available” are valued in accordance with Pricing and Valuation Procedures established by the Board of Trustees of the Trust (the “Board”). The Funds’ Pricing and Valuation Procedures will be performed and monitored by a Valuation Committee (the “Committee”) designated by the Board. Some of the more common reasons that may necessitate a security be valued using Pricing and Valuation Procedures include, but are not limited to: the security’s trading has been halted or suspended; the security has been de-listed from a national exchange; the security’s primary trading market is temporarily closed at a time when under normal conditions it would be open; or the security’s primary pricing source is not able or willing to provide a price. When a security is valued in accordance with the Pricing and Valuation Procedures, the Committee determines the value after taking into consideration relevant information reasonably available to the Committee.

Effective January 1, 2008, the Funds adopted Statement of Financial Accounting Standards (“SFAS”) No. 157, “Fair Value Measurements”. This standard establishes a single authoritative definition of fair value, sets out a framework for measuring fair value, and requires additional disclosures about fair value measurements.

One key component of the implementation of SFAS No. 157 included the development of a three-tier fair value hierarchy. The basis of the tiers is dependent upon the various “inputs” used to determine the value of the Funds’ investments. These inputs are summarized in the three broad levels listed below:

• Level 1 – quoted prices in active markets for identical assets.

• Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayments speeds, credit risk, etc.)

• Level 3 – significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments.)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in

21

NOTES TO FINANCIAL STATEMENTS (continued)

RIDGEWORTH VARIABLE TRUST June 30, 2008
(Unaudited)

those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the 1940 Act. Generally, amortized cost approximates the current fair value of a security, but since the valuation is not obtained from a quoted price in an active market, such securities would be reflected as Level 2.

The following is a summary of the inputs used to value the Funds’ investments as of June 30, 2008 (in thousands):

					LEVEL 2 - Other Significant				LEVEL 3 - Significant
	LEVEL 1 - Quoted Prices				Observable Inputs				Unobservable Inputs				Total
	Investments		Other		Investments		Other		Investments		Other		Investments		Other
	in		Financial		in		Financial		in		Financial		in		Financial
Fund Name	Securities ($)		Investments ($)*		Securities ($)		Investments ($)*		Securities ($)		Investments ($)*		Securities ($)		Investments ($)*
Large Cap Core Equity Fund		11,073		—		—		—		—		—		11,073		—
Large Cap Growth Stock Fund		29,853		—		—		—		—		—		29,853		—
Large Cap Value Equity Fund		25,016		—		—		—		—		—		25,016		—
Mid-Cap Core Equity Fund		8,919		—		—		—		—		—		8,919		—
Small Cap Value Equity Fund		19,564		—		—		—		—		—		19,564		—

* Other financial instruments are derivative instruments not reflected in the Portfolio of Investments, such as futures, forwards, and swap contracts, which are valued at the unrealized appreciation / (depreciation) on the investment.

Security Transactions and Investment Income — During the period, security transactions are accounted for no later than one business day following the trade date. For financial reporting purposes, however, security transactions are accounted for on trade date on the last business day of the reporting period. Costs used in determining net realized gains and losses on the sales of investment securities are those of the specific securities sold. Dividend income is recorded on the ex-dividend date.

Securities Lending — Each Fund may lend portfolio securities to brokers, dealers and other financial organizations that meet capital and other credit requirements or other criteria established by the Trust’s Board. These loans may not exceed either (i) 50% of the sum of the market value of all securities of the Fund and the market value of securities purchased with cash collateral or (ii) 33.33% of the total market value of all securities of the Fund. No Fund will lend portfolio securities to its investment adviser or its affiliates unless it has applied for and received specific authority to do so from the Securities and Exchange Commission. Loans of portfolio securities will be fully collateralized by cash, letters of credit or U.S. government securities. The initial value of the collateral must be at least 102% of the market value of the securities loaned and maintained in an amount equal to at least 102% thereafter. However, due to market fluctuations during the day, the value of securities loaned on a particular day may, during the course of the day, exceed the value of collateral. On each business day, the amount of collateral is adjusted based on the prior day’s market fluctuations and the current day’s lending activity. Income from lending activity is determined by the amount of interest earned on collateral, less any amounts payable to the borrowers of the securities and the lending agent. Lending securities involves certain risks, including the risk that the Fund may be delayed or prevented from recovering the collateral if the borrower fails to return the securities.

A fee will be obtained from the borrower if letters of credit or U.S. government securities are used as collateral. Cash collateral received in connection with securities lending is invested in the Credit Suisse Enhanced Liquidity Fund (the “Portfolio”). The Portfolio may consist of money market mutual funds registered under the 1940 Act and money market instruments including commercial paper, repurchase agreements, U.S. Treasury Bills and U.S. Agency Obligations. As of June 30, 2008, the Portfolio was invested in asset backed securities, commercial paper, corporate bonds, money market mutual funds and repurchase agreements (with interest rates ranging from 2.550% to 3.900% and maturity dates ranging from July 1, 2008 to March 12, 2010).

The Funds paid securities lending fees for the period ended June 30, 2008, which have been netted against Income from Securities Lending on the Statements of Operations. These fees are presented below:

	Fees ($)
Large Cap Core Equity Fund		131
Large Cap Growth Stock Fund		894
Large Cap Value Equity Fund		1,065
Mid-Cap Core Equity Fund		395
Small Cap Value Equity Fund		2,724

22

NOTES TO FINANCIAL STATEMENTS (continued)

RIDGEWORTH VARIABLE TRUST June 30, 2008
(Unaudited)

Compensating Balances — If a Fund has a cash overdraft in excess of $100,000 it is required to deposit an amount equal to 110% of the overdraft in a compensating balance account with its custodian, SunTrust Bank, a wholly-owned subsidiary of SunTrust Banks, Inc., on the following business day. If a Fund has a positive cash balance in excess of $100,000 it is allowed to overdraw an amount equal to 90% of the balance from SunTrust Bank on the following business day. All such deposits to, and overdrafts from, the compensating balance account are non-interest bearing and are for a duration of one business day.

Expenses — Expenses that are directly related to a specific Fund are charged to that Fund. Other operating expenses of the Trust are pro-rated to the Funds on the basis of relative net assets or another appropriate basis. Expenses attributable to the Trust and the RidgeWorth Funds (the STI Classic Funds changed its name to RidgeWorth Funds effective March 31, 2008) (collectively, the “RidgeWorth Complex”) are allocated across the RidgeWorth Complex based upon relative net assets or another appropriate basis. As of June 30, 2008, the Trust represented 0.22% of net assets of the RidgeWorth Complex.

Dividends and Distributions to Shareholders — Dividends and distributions to shareholders are recorded on the ex-dividend date. Dividends from net investment income, if any, are declared and paid each calendar quarter by the Funds. Any net realized capital gains on sales of securities are distributed to shareholders at least annually. However, to the extent that net realized capital gains can be offset by capital loss carryovers, such gains will not be distributed.

Federal Income Taxes — It is the policy of each Fund to continue to qualify as a regulated investment company by complying with the provisions available to certain investment companies as defined in applicable sections of the Internal Revenue Code, and to make distributions from net investment income and from net realized gains sufficient to relieve it from all, or substantially all, federal income taxes.

The Trust has adopted FASB Interpretation No. 48, “Accounting for Uncertainty in Income Taxes“ (“FIN 48”). FIN 48 provides guidance for how uncertain tax positions should be recognized, measured, presented and disclosed in the financial statements. FIN 48 requires the affirmative evaluation of tax positions taken or expected to be taken in the course of preparing the Funds’ tax returns to determine whether it is more-likely-than-not (i.e., greater than 50-percent) that each tax position will be sustained upon examination by a taxing authority based on the technical merits of the position. A tax position that meets the more-likely- than-not recognition threshold is measured to determine the amount of benefit to recognize in the financial statements. Differences between tax positions taken in a tax return and amounts recognized in the financial statements will generally result in an increase in a liability for taxes payable (or a reduction of a tax refund receivable), including the recognition of any related interest and penalties as an operating expense. Implementation of FIN 48 included a review of tax positions taken in tax years that remain subject to examination by tax authorities. The Funds are subject to federal and various state jurisdictions for income tax purposes. While the statute of limitations remains open to examine the Funds’ U.S. tax returns filed for the past four fiscal years, no examinations are in progress or anticipated at this time. The adoption of FIN 48 did not impact the Trust’s net assets or results of operations.

The amounts of dividends from net investment income and of distributions from net realized gains are determined in accordance with federal income tax regulations, which may differ from GAAP. These “book/tax” differences are either considered temporary or permanent in nature. To the extent these differences are permanent in nature, such amounts are reclassified within the composition of net assets based on their federal tax-basis treatment; temporary differences do not require reclassification.

3. Agreements and Other Transactions with Affiliates

Investment Advisory Agreement — The Trust and RidgeWorth Capital Management, Inc. (Trusco Capital Management, Inc. changed its name to RidgeWorth Capital Management, Inc. effective March 31, 2008) (the “Investment Adviser”), a wholly-owned subsidiary of SunTrust Banks, Inc., have entered into an advisory agreement. Also effective March 31, 2008, the Investment Adviser created new wholly-owned subsidiaries, which serve as investment subadvisers (the “Subadvisers”) to certain funds. The Subadvisers are staffed with the same portfolio management teams that previously managed the Funds. The subadvisers for the Funds are as follows: Ceredex Value Advisors LLC serves as the Subadviser for the Large Cap Value Equity Fund and Small Cap Value Equity Fund. IronOak Advisors LLC serves as the Subadviser for the Large Cap Core Equity Fund and Mid-Cap Core Equity Fund. Silvant Capital Management LLC serves as the Subadviser for the Large Cap Growth Stock Fund.

23

NOTES TO FINANCIAL STATEMENTS (continued)

RIDGEWORTH VARIABLE TRUST June 30, 2008
(Unaudited)

Under the terms of the agreement, the Funds are charged annual advisory fees which are computed daily and paid monthly based upon average daily net assets. Breakpoints are used in computing the overall annual advisory fee. The maximum annual advisory fee is charged on average daily net assets of each Fund up to $500 million. A discount of 5% applies on the next $500 million, and a discount of 10% applies on amounts over $1 billion. Aggregate advisory fee rates for the period ended June 30, 2008 were as follows:

	Maximum and		Advisory Fees
	Overall Annual		Waived or			Net Annual
	Advisory Fee (%)		Reimbursed (%)			Fees Paid (%)*
Large Cap Core Equity Fund		0.85		(0.23	)		0.62
Large Cap Growth Stock Fund		0.97		(0.26	)		0.71
Large Cap Value Equity Fund		0.80		(0.14	)		0.66
Mid-Cap Core Equity Fund		1.00		(0.38	)		0.62
Small Cap Value Equity Fund		1.15		(0.35	)		0.80

* Aggregate annual fees paid to the Investment Adviser, who pays a portion of the fees to each Fund’s respective subadviser.

The Investment Adviser has contractually agreed, until at least May 1, 2009, to waive fees and/or reimburse each Fund to the extent necessary to maintain each Fund’s Total Operating Expenses, expressed as a percentage of average daily net assets, as noted below:

	Total Operating Expenses (%)		Total Operating Expenses (%)
	01/01/08 - 04/30/08		05/01/08 - 06/30/08
Large Cap Core Equity Fund		1.00		1.00
Large Cap Growth Stock Fund		1.05		1.00
Large Cap Value Equity Fund		0.95		0.95
Mid-Cap Core Equity Fund		1.10		1.10
Small Cap Value Equity Fund		1.20		1.20

Under the Expense Limitation Agreements, the Investment Adviser may retain the difference between the Total Operating Expenses identified above and the actual total expense to recapture any of its prior contractual waivers or reimbursements at a date not to exceed three years from the date of the corresponding Expense Limitation Agreement. Such repayments shall be made monthly, but only to the extent that such repayments would not cause the annualized total expense ratio to exceed the limits on Total Operating Expenses in place at that time. During the period ended June 30, 2008, the Investment Adviser did not recapture any of its prior contractual waivers or reimbursements. The Investment Adviser does not intend to recapture such amounts. As of June 30, 2008, the cumulative potential reimbursement based on reimbursements within three years from the date of the corresponding Expense Limitation Agreement (until May 1, 2011), as reduced by amounts forfeited during the period, are as follows (in thousands):

	Amount ($)
Large Cap Core Equity Fund		74
Large Cap Growth Stock Fund		172
Large Cap Value Equity Fund		120
Mid-Cap Core Equity Fund		99
Small Cap Value Equity Fund		162

Administration, Fund Accounting and Transfer Agency Agreement — The Trust has entered into a Master Services Agreement with Citi Fund Services Ohio, Inc. (the “Administrator”), under which the Administrator provides administrative, fund accounting, transfer agent and shareholder services for an annual fee, calculated and paid monthly (expressed as a percentage of the combined average daily net assets of the RidgeWorth Complex) of: 0.0275% up to $25 billion, 0.0225% on the next $5 billion and 0.0175% for over $30 billion, plus an additional class fee of $2,714 per class annually, applicable to each additional class of shares over 145 classes of shares.

The Master Services Agreement provides for the Administrator to pay certain insurance premiums for the RidgeWorth Complex, including $300,000 toward the premium for Directors and Officers Liability/Errors and Omissions insurance coverage, and $25,000 toward the premium for Fidelity Bond coverage. The Administrator has agreed, under the terms of the Master Services Agreement, to pay certain legal expenses for the benefit of the RidgeWorth Complex relating to administrative service matters. The Master Services Agreement further provides for the Administrator to waive a portion of its fees for the benefit of shareholders. Such payments and fee waivers are expected to total approximately $400,000 to $650,000 annually for the RidgeWorth Complex, and will not be recouped by the Administrator in subsequent years.

24

NOTES TO FINANCIAL STATEMENTS (continued)

RIDGEWORTH VARIABLE TRUST June 30, 2008
(Unaudited)

Distribution Agreement — The Trust and Foreside Distribution Services, L.P. (the “Distributor”) are parties to a Distribution Agreement. The Distributor receives an annual fee of $37,500, which will be borne by the Investment Adviser, for the services it performs pursuant to the Distribution Agreement.

Effective August 20, 2008, RidgeWorth Distributors LLC became the distributor to the Trust. The new agreement is identical to the current distribution agreement with the Distributor except for the parties, the dates of the agreements and the provisions regarding compensation and termination.

Custodian Agreements — SunTrust Bank acts as custodian for the Funds. The Funds pay custody fees on the basis of their respective net assets and transaction costs.

Other — Certain officers of the RidgeWorth Complex are also employees of the Investment Adviser and/or the Administrator. Such officers receive no fees from the Trust for serving as officers of the Trust. Each of the trustees receives an annual retainer and an additional fee for each meeting attended, plus reimbursement for certain expenses incurred. Trustees receive an additional fee for attendance at committee meetings. As of June 30, 2008, the retainer and meeting fees are as follows:

	Chairman ($)		Trustee ($)
Annual Retainer		75,000		60,000
Regular Meeting Fee		8,750		7,000
Special Meeting Fee		4,375		3,500
Committee Meeting Fee		4,500		3,000

The Trust approved a deferred compensation plan for its trustees, effective January 1, 2007. Under the plan, a trustee may elect to defer all or a portion of his or her compensation. Amounts deferred are retained by the Trust, and the value of such deferred amounts is determined by reference to the change in value of Class I Shares of one or more series of the RidgeWorth Funds as specified by the trustee. Benefits under the deferred compensation plan are payable upon retirement. On May 20, 2008, the Board approved the termination of the deferred compensation plan.

The Investment Adviser provides services to the RidgeWorth Complex to ensure compliance with applicable laws and regulations. The Investment Adviser has designated a dedicated compliance staff and an employee to serve as Chief Compliance Officer. The Investment Adviser receives an annual fee totaling $775,000 for these services. In addition, the Administrator provides an employee and staff to assist the Chief Compliance Officer for the RidgeWorth Complex, including providing certain related services, and receives an annual fee of $156,750 for providing these services. The fees above are allocated based on average daily net assets of the RidgeWorth Complex and are reflected on the Statements of Operations as “Compliance Service Fees”.

4. Investment Transactions

The cost of security purchases and the proceeds from sales and maturities of securities, excluding short-term investments and U.S. government securities, for the period ended June 30, 2008, were as follows (in thousands):

	Purchases ($)		Sales and Maturities ($)
Large Cap Core Equity Fund		6,775		7,083
Large Cap Growth Stock Fund		13,197		17,476
Large Cap Value Equity Fund		16,842		18,076
Mid-Cap Core Equity Fund		1,767		2,712
Small Cap Value Equity Fund		5,207		5,762

25

NOTES TO FINANCIAL STATEMENTS (concluded)

RIDGEWORTH VARIABLE TRUST June 30, 2008
(Unaudited)

5. Federal Tax Information

As of June 30, 2008, the total cost of securities and the net realized gains or losses on securities sold for Federal income tax purposes were different from amounts reported for financial reporting purposes. These differences were generally due to losses on wash sales, which cannot be used for Federal income tax purposes in the current year and have been deferred for use in future years. The Federal tax cost and aggregate gross unrealized appreciation and depreciation for securities held by the Funds as of June 30, 2008 were as follows (in thousands):

			Tax					Net Tax Unrealized
			Unrealized		Tax Unrealized			Appreciation/
	Tax Cost ($)		Appreciation ($)		(Depreciation) ($)			(Depreciation) ($)
Large Cap Core Equity Fund		10,452		1,461		(840	)		621
Large Cap Growth Stock Fund		26,810		4,189		(1,146	)		3,043
Large Cap Value Equity Fund		25,860		1,785		(2,629	)		(844	)
Mid-Cap Core Equity Fund		8,356		1,276		(713	)		563
Small Cap Value Equity Fund		20,812		1,158		(2,406	)		(1,248	)

The tax character of distributions paid to shareholders during the fiscal year ended December 31, 2007 was as follows (in thousands):

	Distributions Paid From
	Net Investment		Net Long Term		Total Distributions
	Income ($)		Capital Gains ($)		Paid ($)
Large Cap Core Equity Fund		390		668		1,058
Large Cap Growth Stock Fund		462		1,739		2,201
Large Cap Value Equity Fund		528		—		528
Mid-Cap Core Equity Fund		179		1,530		1,709
Small Cap Value Equity Fund		1,199		3,441		4,640

As of December 31, 2007, the components of accumulated earnings (deficit) on a tax basis were as follows (in thousands):

	Undistributed						Accumulated						Total
			Long Term				Capital and			Unrealized			Accumulated
	Ordinary		Capital Gains		Accumulated		Other Losses			Appreciation/			Earnings
	Income ($)		($)		Earnings ($)		($)			(Depreciation) ($)*			(Deficit) ($)
Large Cap Core Equity Fund		380		760		1,140		(271	)		1,742			2,611
Large Cap Growth Stock Fund		298		3,637		3,935		—			7,442			11,377
Large Cap Value Equity Fund		119		2,146		2,265		—			1,849			4,114
Mid-Cap Core Equity Fund		371		502		873		—			1,399			2,272
Small Cap Value Equity Fund		1,583		3,262		4,845		—			(222	)		4,623

	During the year ended December 31, 2007, the Large Cap Value Equity Fund utilized $2,716 in capital loss carry forwards, in thousands. Net Capital Losses incurred after October 31, and within the taxable year are deemed to arise as of the first business day of the Funds’ next taxable year. The Large Cap Core Equity Fund has incurred and will elect to defer $271 in capital losses, in thousands.
*	The differences between book-basis and tax-basis unrealized appreciation/(depreciation) is attributable primarily to tax deferral of losses on wash sales and the return of capital adjustments from real estate investment trusts.

Amounts designated as “—” are $0 or have been rounded to $0.

26

TRUSTEES AND OFFICERS OF THE RIDGEWORTH VARIABLE TRUST

RIDGEWORTH VARIABLE TRUST June 30, 2008
(Unaudited)

Information pertaining to the trustees of the Trust is set forth below. Trustees who are not deemed to be “interested persons” of the Trust as defined in the 1940 Act are referred to as “Independent Trustees.” Trustees who are deemed to be “interested persons” of the Trust are referred to as “Interested Trustees.”

		Term of
Name, Business Address,	Position	Office and		Number of
State of Residence and	Held With	Length of Time	Principal Occupation(s)	Portfolios in Fund		Other Directorships
Date of Birth	Trust	Served	During the Past 5 Years	Complex Overseen		Held
INDEPENDENT     TRUSTEES:
Jeffrey M. Biggar 3435 Stelzer Road Columbus, OH 43219 (Ohio) DOB 02/50	Trustee	Indefinite; since January 2007	Retired. Chief Executive Officer and Senior Managing Director, Sterling (National City Corp.) (2002-2006)		57	None
George C. Guynn 3435 Stelzer Road Columbus, OH 43219 (Georgia) DOB 12/42	Trustee	Indefinite; since January 2008	Retired. President (1996-October 2006) and Chief Executive Officer (1995-October 2006) Federal Reserve Bank of Atlanta		57	Genuine Parts Company; Oxford Industries; John Weiland Homes and Neighborhoods
Sidney E. Harris 3435 Stelzer Road Columbus, OH 43219 (Georgia) DOB 07/49	Trustee	Indefinite; since November 2004	Professor (since 1997) and Dean (1997-2004), J. Mack Robinson College of Business, Georgia State University.		57	ServiceMaster Company; Total System Services, Inc.
Warren Y. Jobe 3435 Stelzer Road Columbus, OH 43219 (Georgia) DOB 11/40	Trustee	Indefinite; since November 2004	Retired. Executive Vice President, Georgia Power Company and Senior Vice President, Southern Company (1998-2001)		57	WellPoint, Inc.; UniSource Energy Corp.; HomeBanc Corp.
Connie D. McDaniel 3435 Stelzer Road Columbus, OH 43219 (Georgia) DOB 04/58	Trustee	Indefinite; since May 2005	Vice President Global Finance Transformation (since 2007), Vice President and Controller (1999- 2007), The Coca-Cola Company		57	None
Clarence H. Ridley 3435 Stelzer Road Columbus, OH 43219 (Georgia) DOB 06/42	Trustee	Indefinite; since November 2001	Chairman, Haverty Furniture Companies		57	Crawford & Co.; Haverty Furniture Companies
Charles D. Winslow 3435 Stelzer Road Columbus, OH 43219 (Florida) DOB 07/35	Trustee	Indefinite; since November 2004	Retired. Formerly Partner, Accenture (consulting)		57	None

27

TRUSTEES AND OFFICERS OF THE RIDGEWORTH VARIABLE TRUST (concluded)

RIDGEWORTH VARIABLE TRUST June 30, 2008
(Unaudited)

		Term of
Name, Address and	Position(s) Held	Office and Length
Date of Birth	with Trust	of Time Served	Principal Occupation(s) During the Past 5 Years
OFFICERS:
Julia Short 50 Hurt Plaza Suite 1400 Atlanta, GA 30303 DOB 11/72	President and Chief Executive Officer	One-year: since July 2007	Managing Director, Product Manager, RidgeWorth Capital Management, Inc. (since 2004); Relationship Manager, SEI Investments (Financial Services) (1994- 2004)
Diana Hanlin 50 Hurt Plaza Suite 1400 Atlanta, GA 30303 DOB 05/67	Vice President; Deputy Chief Compliance Officer	One-year; since June 2008	Director, RidgeWorth Capital Management, Inc. (since May 2008); Employee of BB&T Asset Management, Inc. (2007-2008); Employee of BISYS Fund Services Ohio, Inc. (1996-2007)
Martin R. Dean 3435 Stelzer Road Columbus, OH 43219 DOB 11/63	Treasurer; Chief Financial Officer; Chief Accounting Officer	One-year; since March 2007	Senior Vice President (since January 2008), Financial Administration, Vice President (1994 — January 2008) Citi Fund Services Ohio, Inc.
Cynthia J. Surprise 3435 Stelzer Road Columbus, OH 43219 DOB 07/46	Secretary and Chief Legal Officer	One-year; since February 2005	Senior Vice President, Regulatory Administration, Citi Fund Services Ohio, Inc. (since 2004); Director and Counsel, Investors Bank & Trust Company (1999-2004)
Kerry Reilly 3435 Stelzer Road Columbus, OH 43219 DOB 07/65	Assistant Secretary from June 2004 to May 2005, employee CitiStreet LLC; from June 1987 through October 2001, employee of Fidelity Investments.	One-year; since February 2008	Vice President (since January 2008), Counsel (since July 2007), Assistant Counsel (January 2006-June 2007) Legal Services, Citi Fund Services Ohio, Inc.

The Trust’s Statement of Additional Information includes additional information about the Trust’s trustees and officers. To request your free copy of the Statement of Additional Information, call toll free 1-888-784-3863.

28

ADDITIONAL INFORMATION

RIDGEWORTH VARIABLE TRUST June 30, 2008
(Unaudited)

Expense Examples

As a shareholder of the RidgeWorth Variable Trust, you incur ongoing costs, including management fees and other Fund expenses. These examples are intended to help you understand your ongoing costs (in dollars) of investing in the RidgeWorth Variable Trust and to compare these costs with the ongoing costs of investing in other mutual funds.

These examples are based on an investment of $1,000 invested at the beginning of the period and held for the entire period from January 1, 2008 through June 30, 2008.

Actual Expenses

The table below provides information about actual account values and actual expenses. You may use the information below, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the table under the heading entitled “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.

					Expenses Paid		Expense Ratio
	Beginning Account		Ending Account		During Period*		During Period**
	Value		Value		01/01/08-		01/01/08-
	01/01/08 ($)		06/30/08 ($)		06/30/08 ($)		06/30/08 (%)
Large Cap Core Equity Fund		1,000.00		866.10		4.64		1.00
Large Cap Growth Stock Fund		1,000.00		874.80		4.85		1.04
Large Cap Value Equity Fund		1,000.00		872.00		4.42		0.95
Mid-Cap Core Equity Fund		1,000.00		907.10		5.22		1.10
Small Cap Value Equity Fund		1,000.00		889.40		5.64		1.20

Hypothetical Example

The table below provides information about hypothetical account values and hypothetical expenses based on a Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund’s actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of other funds.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs. Therefore, the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.

					Expenses Paid		Expense Ratio
	Beginning		Ending		During Period*		During Period**
	Account Value		Account Value		01/01/08-		01/01/08-
	01/01/08 ($)		06/30/08 ($)		06/30/08 ($)		06/30/08 (%)
Large Cap Core Equity Fund		1,000.00		1,019.89		5.02		1.00
Large Cap Growth Stock Fund		1,000.00		1,019.69		5.22		1.04
Large Cap Value Equity Fund		1,000.00		1,020.14		4.77		0.95
Mid-Cap Core Equity Fund		1,000.00		1,019.39		5.52		1.10
Small Cap Value Equity Fund		1,000.00		1,018.90		6.02		1.20

*	Expenses are equal to the average account value times the Fund’s annualized expense ratio multiplied by the number of days in the most recent fiscal half-year dividend by the number of days in the fiscal year.
**	Annualized.

29

ADDITIONAL INFORMATION (concluded)

RIDGEWORTH VARIABLE TRUST June 30, 2008
(Unaudited)

Proxy Voting

Information regarding the policies and procedures that the Funds use to determine how to vote proxies relating to portfolio securities is available without charge, upon request, by calling 1-888-784-3863. The information is also included in the Funds’ Statement of Additional Information, which is available on the Funds’ website at www.ridgeworthfunds.com, and on the Securities and Exchange Commission’s website at www.sec.gov.

Information relating to how each Fund voted proxies relating to portfolio securities held during the most recent twelve months ended June 30 is available on the Funds’ website at www.ridgeworthfunds.com and on the Securities and Exchange Commission’s website at www.sec.gov.

Portfolio Holdings Information

The Funds file a complete list of their portfolio holdings with the Securities and Exchange Commission for the first and third quarters of each fiscal year on Form N-Q. Forms N-Q are available free of charge on the Securities and Exchange Commissions website at www.sec.gov. You may also review or, for a fee, copy those documents by visiting the Securities and Exchange Commission’s Public Reference Room in Washington, D.C. Information on the operation of the Public Reference Room may be obtained by calling the Securities and Exchange Commission at 1-202-551-8090.

30

Investment Adviser:
RidgeWorth Investments
50 Hurt Plaza, Suite 1400
Atlanta, GA 30303
ridgeworth.com

Investment Subadvisers:
Ceredex Value Advisors LLC
Lincoln Plaza
300 South Orange Avenue
Orlando, FL 32801
ceredexvalue.com

IronOak Advisors LLC
919 East Main Street, 15th Floor
Richmond, VA 23219
ironoakadvisors.com

Silvant Capital Management LLC
50 Hurt Plaza, Suite 1500
Atlanta, GA 30303
silvantcapital.com

This information must be preceded or accompanied by a current prospectus for each Fund described. An investor should consider the Fund’s investment objectives, risks, charges and expenses carefully before investing or sending money. This and other important information about RidgeWorth Variable Trust can be found in the Fund’s prospectus. For additional information, please call 1-888-784-3863, or visit www.ridgeworthfunds.com. Please read the prospectus carefully before investing.

Distributor:

RidgeWorth Distributors LLC

NOT FDIC Insured • No Bank Guarantee • May Lose Value

RFSAR-VT-0608
8/08

Item 2. Code of Ethics.

Not applicable — only for annual reports.

Item 3. Audit Committee Financial Expert.

Not applicable — only for annual reports.

Item 4. Principal Accountant Fees and Services.

Not applicable — only for annual reports.

Item 5. Audit Committee of Listed Registrants.

Not applicable.

Item 6. Schedule of Investments.

Not applicable.

Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.

Not applicable.

Item 8. Portfolio Managers of Closed-End Management Investment Companies.

Not applicable.

Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.

Not applicable.

Item 10. Submission of Matters to a Vote of Security Holders.

Not applicable.

Item 11. Controls and Procedures.

(a) The registrant’s principal executive officer and principal financial officer have concluded, based on their evaluation of the registrant’s disclosure controls and procedures as conducted within 90 days of the filing date of this report, that these disclosure controls and procedures are adequately designed and are operating effectively to ensure that information required to be disclosed by the registrant on Form N-CSR is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms.

(b) There were no changes in the registrant’s internal control over financial reporting that occurred during the second fiscal quarter of the period covered by this report that have materially affected or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 12. Exhibits.

(a)(1)
Not applicable — Only effective for annual reports.

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant) RidgeWorth Variable Trust
By (Signature and Title)*	/s/ Martin R. Dean
	Martin R. Dean, Treasurer, RidgeWorth Variable Trust

Date August 29, 2008

      Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By (Signature and Title)*	/s/ Martin R. Dean
	Martin R. Dean, Treasurer, RidgeWorth Variable Trust

Date August 29, 2008

By (Signature and Title)*	/s/ Julia Short
	Julia Short, President, RidgeWorth Variable Trust

Date September 2, 2008

* Print the name and title of each signing officer under his or her signature.

EX-99.302.CERT

CERTIFICATIONS

I, Julia Short, certify that:

1.	I have reviewed this report on Form N-CSR of RidgeWorth Variable Trust (the “registrant”);
2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;
4.	The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

a)	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b)	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c)	Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and
d)	Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a)	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and
b)	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

September 2, 2008	/s/ Julia Short
Date	Julia Short
	President

CERTIFICATIONS

I, Martin R. Dean, certify that:

1.	I have reviewed this report on Form N-CSR of RidgeWorth Variable Trust (the “registrant”);
2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;
4.	The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

a)	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b)	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c)	Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and
d)	Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a)	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and
b)	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

August 29, 2008	/s/ Martin R. Dean
Date	Martin R. Dean
	Treasurer

EX-99.906.CERT

This certification is provided pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, 18 U.S.C. § 1350, and accompanies the report on Form N-CSR for the period ended June 30, 2008 of RidgeWorth Variable Trust (the “Registrant”).

Each of the undersigned being, the Principal Executive Officer and Principal Financial Officer of the Registrant, herby certifies that, to the best of my knowledge,:

1. the Form N-CSR fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 ( 15 U.S.C. 78m(a) or 78o(d)); and

2. the information contained in the Form N-CSR fairly presents, in all material respects, the financial condition and results of operations of the Registrant.

September 2, 2008
Date

/s/ Julia Short  

Julia Short 

President 

/s/ Martin R. Dean  

Martin R. Dean 

Treasurer 

This certification is being furnished solely pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and is not being filed as part of Form N-CSR or as a separate disclosure document. A signed original of this written statement required by Section 906 has been provided to the Registrant and will be retained by the Registrant and furnished to the Securities and Exchange Commission or its staff upon request.