Calvert Variable Series, Inc.

497 1 cvs497efiled070606.htm CALVERT VARIABLE SERIES, INC. 497E FILED 07/06/06 Calvert Variable Series, Inc. SUPPLEMENT TO

Calvert Variable Series, Inc. Social Balanced Portfolio

Prospectus dated April 30, 2006

Date of Supplement: July 6, 2006

The following supplements the information under "Advisor, Subadvisors and Portfolio Managers -- Fixed Income Investments of the Portfolio" on page 38 of the above prospectus:

Mr. Nottingham has informed Calvert that he will resign as co-portfolio manager of the Portfolio effective September 2006.