Articles Supplementary relating to the designation of shares of common stock

BLACKROCK VARIABLE SERIES FUNDS, INC.

/s/ Ben Archibald

/s/ John M. Perlowski

Ben Archibald

John M. Perlowski

President and Chief Executive Officer

EX-99.1(EE) 2 d461683dex991ee.htm ARTICLES SUPPLEMENTARY RELATING TO THE DESIGNATION OF SHARES OF COMMON STOCK Articles Supplementary relating to the designation of shares of common stock

Exhibit 1(ee)

BLACKROCK VARIABLE SERIES FUNDS, INC.

ARTICLES SUPPLEMENTARY

BLACKROCK VARIABLE SERIES FUNDS, INC., a Maryland corporation (the “Corporation”), hereby certifies to the State Department of Assessments and Taxation of the State of Maryland (the “Department”) that:

FIRST: The Corporation is registered as an open-end company under the Investment Company Act of 1940, as amended, with the authority to issue Fourteen Billion Three Hundred Ten Million (14,310,000,000) shares of capital stock as follows:


Classes	Number of Authorized Shares
BlackRock Managed Volatility V.I. Fund
Class I		100,000,000
Class II		100,000,000
Class III		100,000,000
BlackRock Basic Value V.I. Fund
Class I		300,000,000
Class II		100,000,000
Class III		100,000,000
BlackRock Total Return V.I. Fund
Class I		600,000,000
Class II		100,000,000
Class III		100,000,000
BlackRock Government Money Market V.I. Fund
Class I		3,300,000,000
Class II		1,300,000,000
Class III		1,300,000,000
BlackRock Capital Appreciation V.I. Fund
Class I		100,000,000
Class II		100,000,000
Class III		100,000,000
BlackRock Global Allocation V.I. Fund
Class I		400,000,000
Class II		200,000,000
Class III		1,500,000,000
BlackRock Global Opportunities V.I. Fund
Class I		100,000,000
Class II		100,000,000
Class III		100,000,000


BlackRock U.S. Government Bond V.I. Fund
Class I			300,000,000
Class II			100,000,000
Class III			100,000,000
BlackRock High Yield V.I. Fund
Class I			200,000,000
Class II			100,000,000
Class III			100,000,000
BlackRock S&P 500 Index V.I. Fund
Class I			100,000,000
Class II			100,000,000
Class III			100,000,000
BlackRock International V.I. Fund
Class I			100,000,000
Class II			100,000,000
Class III			100,000,000
BlackRock Advantage Large Cap Core V.I. Fund
Class I			200,000,000
Class II			100,000,000
Class III			100,000,000
BlackRock Large Cap Focus Growth V.I. Fund
Class I			100,000,000
Class II			100,000,000
Class III			100,000,000
BlackRock Advantage Large Cap Value V.I. Fund
Class I			100,000,000
Class II			100,000,000
Class III			100,000,000
BlackRock Equity Dividend V.I. Fund
Class I			100,000,000
Class II			100,000,000
Class III			100,000,000
BlackRock Advantage U.S. Total Market V.I. Fund
Class I			100,000,000
Class II			100,000,000
Class III			10,000,000
BlackRock iShares Alternative Strategies V.I. Fund
Class I			100,000,000
Class III			100,000,000
BlackRock iShares Dynamic Allocation V.I. Fund
Class I			100,000,000
Class III			100,000,000
BlackRock iShares Dynamic Fixed Income V.I. Fund
Class I			100,000,000
Class III			100,000,000


BlackRock iShares Equity Appreciation V.I. Fund
Class I			100,000,000
Class III			100,000,000

Total:			14,010,000,000

The remainder of the authorized capital stock of the Corporation, Three Hundred Million (300,000,000) shares, is not designated or classified as to any class or series. All shares of capital stock of the Corporation, including the shares of capital stock which are not designated as to any class or series, have a par value of $0.10 per share and an aggregate par value of One Billion Four Hundred Thirty One Million Dollars ($1,431,000,000).

SECOND: Pursuant to authority vested in the Board of Directors of the Corporation by Section 2-105(c) of the Maryland General Corporation Law and the charter of the Corporation, the Board of Directors hereby classifies (i) One Hundred Million (100,000,000) authorized but unissued and unclassified shares of capital stock of the Corporation as BlackRock International Index V.I. Fund Class I; and (ii) One Hundred Million (100,000,000) authorized but unissued and unclassified shares of capital stock of the Corporation as BlackRock Small Cap Index V.I. Fund Class I.

THIRD: After the reclassification of the authorized but unissued and unclassified shares of capital stock of the Corporation, the Corporation will have the authority to issue Fourteen Billion Three Hundred Ten Million (14,310,000,000) shares of capital stock as follows:


Classes	Number of Authorized Shares
BlackRock Managed Volatility V.I. Fund
Class I		100,000,000
Class II		100,000,000
Class III		100,000,000
BlackRock Basic Value V.I. Fund
Class I		300,000,000
Class II		100,000,000
Class III		100,000,000
BlackRock Total Return V.I. Fund
Class I		600,000,000
Class II		100,000,000
Class III		100,000,000
BlackRock Government Money Market V.I. Fund
Class I		3,300,000,000
Class II		1,300,000,000
Class III		1,300,000,000
BlackRock Capital Appreciation V.I. Fund
Class I		100,000,000
Class II		100,000,000
Class III		100,000,000


BlackRock Global Allocation V.I. Fund
Class I			400,000,000
Class II			200,000,000
Class III			1,500,000,000
BlackRock Global Opportunities V.I. Fund
Class I			100,000,000
Class II			100,000,000
Class III			100,000,000
BlackRock U.S. Government Bond V.I. Fund
Class I			300,000,000
Class II			100,000,000
Class III			100,000,000
BlackRock High Yield V.I. Fund
Class I			200,000,000
Class II			100,000,000
Class III			100,000,000
BlackRock S&P 500 Index V.I. Fund
Class I			100,000,000
Class II			100,000,000
Class III			100,000,000
BlackRock International V.I. Fund
Class I			100,000,000
Class II			100,000,000
Class III			100,000,000
BlackRock Advantage Large Cap Core V.I. Fund
Class I			200,000,000
Class II			100,000,000
Class III			100,000,000
BlackRock Large Cap Focus Growth V.I. Fund
Class I			100,000,000
Class II			100,000,000
Class III			100,000,000
BlackRock Advantage Large Cap Value V.I. Fund
Class I			100,000,000
Class II			100,000,000
Class III			100,000,000
BlackRock Equity Dividend V.I. Fund
Class I			100,000,000
Class II			100,000,000
Class III			100,000,000
BlackRock Advantage U.S. Total Market V.I. Fund
Class I			100,000,000
Class II			100,000,000
Class III			10,000,000
BlackRock iShares Alternative Strategies V.I. Fund
Class I			100,000,000
Class III			100,000,000


BlackRock iShares Dynamic Allocation V.I. Fund
Class I			100,000,000
Class III			100,000,000
BlackRock iShares Dynamic Fixed Income V.I. Fund
Class I			100,000,000
Class III			100,000,000
BlackRock iShares Equity Appreciation V.I. Fund
Class I			100,000,000
Class III			100,000,000
BlackRock International Index V.I. Fund
Class I			100,000,000
BlackRock Small Cap Index V.I. Fund
Class I			100,000,000

Total:			14,210,000,000

The remainder of the authorized capital stock of the Corporation, One Hundred Million (100,000,000) shares, is not designated or classified as to any class or series. All shares of capital stock of the Corporation, including the shares of capital stock which are not designated as to any class or series, will have a par value of Ten Cents ($0.10) per share, and an aggregate par value of One Billion Four Hundred Thirty One Million Dollars ($1,431,000,000).

FOURTH: All of the shares of the Corporation’s capital stock continue to have the same preferences, conversion and other rights, voting powers, restrictions, limitations as to dividends, qualifications, and terms and conditions of redemption as currently set forth in the Corporation’s charter.

[signatures on next page]

IN WITNESS WHEREOF, BLACKROCK VARIABLE SERIES FUNDS, INC. has caused these Articles Supplementary to be signed in its name and on its behalf by the person named below who acknowledges that these Articles Supplementary are the act of the Corporation and that, as to all matters and facts required to be verified under oath and to the best of his knowledge, information and belief under the penalties of perjury, the matters and facts set forth herein are true in all material respects, as of this 27 day of September 2017.