X0101 EFFECT 33 LIVE 2016-08-31 17:30:00

N-14

0000822671 PUTNAM VARIABLE TRUST 333-212963 0000822671 PUTNAM VARIABLE TRUST S000003873 Putnam VT Growth Opportunities Fund C000010841 Class IA Shares 0000822671 PUTNAM VARIABLE TRUST S000003891 Putnam VT Voyager Fund C000010877 Class IA Shares 0000822671 PUTNAM VARIABLE TRUST S000003873 Putnam VT Growth Opportunities Fund C000010842 Class IB Shares 0000822671 PUTNAM VARIABLE TRUST S000003891 Putnam VT Voyager Fund C000010878 Class IB Shares