497 1 d588972d497.htm 497 497

U.S. Bancorp Fund Services LLC

615 East Michigan Street

Milwaukee, WI 53202

September 13, 2013


United States Securities and Exchange Commission

Division of Investment Management

100 F. Street, N.E.

Washington, D.C. 20549-1004


Re: Direxion Insurance Trust (the “Trust”)
  File Nos. 333-93813 and 811-09761

Dear Sir or Madam:

Pursuant to Rule 497(e) of the Securities Act of 1933, as amended (the “1933 Act”) and the regulations thereunder, transmitted herewith on behalf of the Trust is the XBRL risk/return summaries and corresponding XBRL exhibits, noted below, that mirrors the revisions to the risk/return summary described for the Dynamic VP HY Bond Fund (the “Fund”) and filed pursuant to Rule 497(e) under the 1933 Act on August 23, 2013. This August 23, 2013 Rule 497(e) filing (Accession No. 0000894189-13-004704) is hereby incorporated by reference to today’s Rule 497(e) filing.

The XBRL exhibits attached hereto consist of the following:





Exhibit No.

Instance Document    EX-101.INS
Schema Document    EX-101.SCH
Calculation Linkbase Document    EX-101.CAL
Definition Linkbase Document    EX-101.DEF
Label Linkbase Document    EX-101.LAB
Presentation Linkbase Document    EX-101.PRE

If you have any questions concerning the foregoing, please contact Adam Henkel of U.S. Bancorp Fund Services, LLC at (312) 325-2037 or Nicole Trudeau of K&L Gates LLP at (202) 778-9189.


/s/Adam R. Henkel
Adam R. Henkel, Esq.
For U.S. Bancorp Fund Services, LLC