497 1 cvpprosupp.htm CALVERT VP RUSSELL 2000 SMALL CAP PRO SUPP DTD 8-22-17 Calvert VP Russell 2000 Small Cap Pro Supp dtd 8-22-17

CALVERT VP RUSSELL 2000® SMALL CAP INDEX PORTFOLIO
Supplement to Prospectus dated May 1, 2017

The following replaces “Investment Objective” in “Portfolio Summaries – Calvert VP Russell® 2000 Small Cap Index Portfolio”:

The Portfolio seeks investment results that correspond to the investment performance of U.S. common stocks, as represented by the Russell 2000® Index.



August 22, 2017

8.22.17